DigitalBridge Announces Participation in DataBank Financing
DigitalBridge will receive gross cash proceeds of
Marc Ganzi, CEO of DigitalBridge, said, “This transaction highlights not only the significant value creation we have generated for shareholders by investing alongside our limited partners, but also our commitment to continuously optimize our balance sheet and corporate capital structure. The transaction further enhances our track record of returning and recycling capital to investors, while also maintaining significant exposure, together with AustralianSuper, Swiss Life Asset Managers and our other partners, to the next phase of growth and value creation at DataBank, driven by strong AI-led demand for more data center power and capacity.”
In connection with the transaction, DigitalBridge will receive gross cash proceeds of
DataBank is the largest edge data center operator in the
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages over
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include whether the transaction will close on the anticipated timeline, the future performance of and impact of subsequent transactions involving DataBank, the impact of AI on demand for data center power and capacity and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2023, and its other reports filed from time to time with the
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Investors:
Severin White
Managing Director, Head of Public Investor Relations
(212) 547-2777
severin.white@digitalbridge.com
Media:
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner / Sarah Salky
(212) 355-4449
dbrg-jf@joelefrank.com
Source: DigitalBridge Group, Inc.