NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to DataBank Series 2021-1 Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes issued by DataBank Issuer, LLC and DataBank Co-Issuer, LLC, a data center securitization.
The Notes will be secured by fee simple ownership interests in six multi-customer enterprise data centers located in the Kansas City, Pittsburgh and Salt Lake City markets; leasehold interests in eight multi-customer enterprise data centers located in the Cleveland, Dallas, Kansas City, Minneapolis, Pittsburgh and Salt Lake City markets; and leasehold interests in one multi-customer enterprise data center that is subject to a 99-year air space lease located in…