Sector: Communications/ IT Infrastructure and Services
AB Private Credit InvestorsTM ("AB-PCI") leveraged its strong expertise in data centers to provide a fully underwritten second lien facility to support the Digital Bridge-led acquisition of DataBank. AB-PCI was pleased to partner with Digital Bridge and work with the first lien lenders, led by SunTrust, in connection with this transaction. AB-PCI also invested alongside Digital Bridge in the equity.
"AB-PCI is experienced financing growth businesses across the communications /IT infrastructure sector and was quick to appreciate the strong historical performance and strategic plan for DataBank. They executed very efficiently and offer a sizeable capital base to support our long-term growth strategy. I look forward to partnering with them to scale the platform." Tom Yanagi, Managing Director Digital Bridge, LLC.
DataBank is a leading provider of enterprise-class data center services offering colocation, managed, cloud and network solutions from six facilities in Dallas, Minneapolis and Kansas City.
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