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Cartis diligence evidence schedule

DataBank Red Oak Campus

PRJ-1280 · Site · Red Oak, Texas, United States

Record last updated Oct 29, 2026

Scope and capacity

DataBank is developing eight buildings on 292 acres in Red Oak, Texas, targeting 480 MW of critical IT capacity. DFW9’s 60 MW design is part of that total, not operating load. Announced construction financing reached $2.65 billion in June 2026 for four buildings; financing is not expenditure. Operator pages disagree on phase-one capacity. DFW9 is listed at 3080 Batchler Road, while an earlier state registration used Stainback Road. Oracle entities appear in tax-program roles, not verified occupancy. Building-specific construction plans and tax-abatement approvals are documented in Evidence.

Headline: 480 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Jump to a claim (16)

Campus address · DataBank Red Oak campus, Ellis County, Texas; DFW9: 3080 Batchler Road

Actual · DataBank Red Oak Campus (Project)

Claim 159552 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Architectural Barriers registration TABS2024020821

    Texas Department of Licensing and Regulation · Document date: Jun 13, 2024 · Corroborating

    Source reference: SRC-8072 · Government record · Recorded authority: Official primary

    Source URL

    https://www.tdlr.texas.gov/TABS/Search/Project/TABS2024020821

  2. Red Oak Data Center DFW9

    DataBank · Document date: Not stated · Primary

    Source reference: SRC-8071 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/dfw9/

Planned full build critical IT capacity MW · 480 MW

Planned / design or future potential · DataBank Red Oak Campus (Project)

Claim 159553 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. DataBank announces development of 480 MW data center campus in South Dallas

    DataBank · Document date: Sep 10, 2024 · Primary

    Source reference: SRC-8069 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-announces-development-of-480mw-data-center-campus-in-south-dallas/

  2. Red Oak Campus

    DataBank · Document date: Not stated · Corroborating

    Source reference: SRC-8070 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/

Site area acres · 292 acres

Reported rounded · DataBank Red Oak Campus (Project)

Claim 159554 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DataBank announces development of 480 MW data center campus in South Dallas

    DataBank · Document date: Sep 10, 2024 · Primary

    Source reference: SRC-8069 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-announces-development-of-480mw-data-center-campus-in-south-dallas/

  2. Red Oak Campus

    DataBank · Document date: Not stated · Corroborating

    Source reference: SRC-8070 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/

Planned building count · 8 buildings

Forecast · DataBank Red Oak Campus (Project)

Claim 159555 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

  1. DataBank announces development of 480 MW data center campus in South Dallas

    DataBank · Document date: Sep 10, 2024 · Primary

    Source reference: SRC-8069 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-announces-development-of-480mw-data-center-campus-in-south-dallas/

  2. Red Oak Campus

    DataBank · Document date: Not stated · Corroborating

    Source reference: SRC-8070 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/

Dfw9 building design critical IT capacity MW · 60 MW

Forecast · DataBank Red Oak Campus (Project)

Claim 159556 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. Red Oak Data Center DFW9

    DataBank · Document date: Not stated · Primary

    Source reference: SRC-8071 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/dfw9/

First three buildings leasing status · DataBank reported on 21 April 2026 that DFW9, DFW10 and DFW11 had been leased. This does not establish occupancy, delivery, tenant identity or whole campus leasing.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162468 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Apr 21, 2026

  1. DataBank secures $2.0B of construction financing for first three data centers on new South Dallas campus

    DataBank · Document date: Apr 21, 2026 · Primary

    Source reference: SRC-8073 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-secures-2-0b-of-construction-financing-for-first-three-data-centers-on-new-south-dallas-campus/

First three buildings planned data center space sqft · DFW9, DFW10 and DFW11 together were planned to provide 600,000 square feet of data center space, per the 21 April 2026 announcement; not per building, IT whitespace or entire campus area.

Forecast · DataBank Red Oak Campus (Project)

Claim 162469 · Recorded claim type: Forecast · Review: Approved · Claim date: Apr 21, 2026

  1. DataBank secures $2.0B of construction financing for first three data centers on new South Dallas campus

    DataBank · Document date: Apr 21, 2026 · Primary

    Source reference: SRC-8073 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-secures-2-0b-of-construction-financing-for-first-three-data-centers-on-new-south-dallas-campus/

Reviewed ro capacity context · DataBank’s April 2026 financing announcement describes DFW9–DFW11 as 180 MW of planned power. Its June 2026 financing upsize supports a fourth building with 60 MW of additional planned IT capacity. The DFW9 page describes phase one as 240 MW critical IT, while the campus page displays 240 MW in its headline and 300 MW in its prose. This discrepancy remains unresolved; none is a measured operating load.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162556 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DataBank closes $1.45 billion in new financing across two transactions

    DataBank · Document date: Jun 15, 2026 · Primary

    Source reference: SRC-8074 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-closes-1-45-billion-in-new-financing-across-two-transactions/

  2. DataBank secures $2.0B of construction financing for first three data centers on new South Dallas campus

    DataBank · Document date: Apr 21, 2026 · Primary

    Source reference: SRC-8073 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/resources/press-releases/databank-secures-2-0b-of-construction-financing-for-first-three-data-centers-on-new-south-dallas-campus/

  3. Red Oak Campus

    DataBank · Document date: Not stated · Primary

    Source reference: SRC-8070 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/

  4. Red Oak Data Center DFW9

    DataBank · Document date: Not stated · Primary

    Source reference: SRC-8071 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.databank.com/data-centers/dallas/red-oak-campus/dfw9/

Reviewed ro tax participants context · Texas Comptroller qualifying data center records list DFW9–DFW12 effective October 1, 2025, with DB Data Center Red Oak, LLC as owner, Oracle America Cloud Services LLC as occupant, and DataBank Holdings LTD plus Oracle America, Inc. as operators. These are roles recorded for the tax program, not independent evidence of physical occupancy, operating load, lease terms or current property title.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162557 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Data Centers in Texas

    Texas Comptroller of Public Accounts · Document date: Not stated · Primary

    Source reference: SRC-2839 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://comptroller.texas.gov/taxes/data-centers/data-center-lists.php

Reviewed ro team yates context · Yates identifies preconstruction and construction services for DFW10, a two story, 425,000 gross square foot planned facility with 200,000 raised square feet and 60 MW critical IT. Its case study targets completion in 2027.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162558 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DataBank DFW10 Data Center — Yates project profile

    Yates Construction · Document date: Not stated · Primary

    Source reference: SRC-8270 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.wgyates.com/projects/databank-dfw10-data-center/

  2. DataBank DFW10 Data Center — Yates case study

    Yates Construction · Document date: Not stated · Primary

    Source reference: SRC-8271 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.wgyates.com/case-studies/databankdfw10-datacenter/

Reviewed ro team ro context · Rogers-O’Brien includes DFW9 and DFW11 together in its Red Oak construction portfolio and names JHET Architects as architect.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162559 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DataBank DFW9 and DFW11 Red Oak — contractor project profile

    Rogers-O’Brien Construction · Document date: Not stated · Primary

    Source reference: SRC-8272 · Company announcement · Recorded authority: Party primary

    Source URL

    https://r-o.com/projects/mission-critical/data-centers/databank-dfw9-dfw11-red-oak/

Reviewed ro dfw12 tfo context · TDLR registration TABS2026018081, dated April 20, 2026, describes the DFW12 tenant fitout package of 221,434 square feet, with a filed estimated cost of $155 million, proposed May 8, 2026 start and October 30, 2027 completion. The owner field names DB Data Center Red Oak 12, LLC; the design firm is JHET Architects, PLLC. These are filing roles and schedule, not title certification or achieved construction milestones.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162560 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DFW12 tenant-fitout accessibility registration TABS2026018081

    Texas Department of Licensing and Regulation · Document date: Not stated · Primary

    Source reference: SRC-8273 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.tdlr.texas.gov/TABS/Search/Project/TABS2026018081

Reviewed ro dfw9 tfo context · TDLR separately registers DFW9 tenant fitout as TABS2026008169 on December 16, 2025. Filed scope includes data hall support infrastructure and 5,500 square feet of tenant offices. The owner field names DB Data Center Red Oak, LLC and designer JHET Architects, PLLC. The office figure does not represent the entire data hall or facility.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162561 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. DFW9 tenant-fitout accessibility registration TABS2026008169

    Texas Department of Licensing and Regulation · Document date: Not stated · Primary

    Source reference: SRC-8274 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.tdlr.texas.gov/TABS/Projects/TABS2026008169

Reviewed ro city incentive context · On January 18, 2024, Red Oak City Council approved Ordinance 24-010 establishing Reinvestment Zone 12 and adopted Resolution 24-005R approving a tax abatement agreement with DataBank Holdings, Ltd and authorizing mayoral execution. The minutes establish approval, not execution of the agreement, satisfaction of eligibility conditions or receipt of benefits.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162562 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Red Oak City Council special meeting minutes — January 18, 2024

    City of Red Oak · Document date: Not stated · Primary

    Source reference: SRC-8275 · Government record · Recorded authority: Official primary

    Source URL

    https://www.redoaktx.org/Archive.aspx?ADID=2163

  2. Red Oak City Council special meeting agenda — January 18, 2024

    City of Red Oak · Document date: Not stated · Corroborating

    Source reference: SRC-8276 · Government record · Recorded authority: Official primary

    Source URL

    https://www.redoaktx.org/Archive/ViewFile/Item/2154

Reviewed ro county incentive context · Ellis County approved tax abatement with Databank Datacenters, LLC for Zone 12 in Minute Order 241.24 on April 30, 2024. The minute states 75% of added real property improvement value before $300 million investment, 80% upon that threshold, and 100% personal property abatement for seven consecutive years. The minutes establish approval, not execution of the agreement, satisfaction of eligibility conditions or receipt of benefits.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162563 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Ellis County Commissioners Court minutes — April 30, 2024; Minute Order 241.24

    Ellis County · Document date: Not stated · Primary

    Source reference: SRC-8277 · Government record · Recorded authority: Official primary

    Source URL

    https://www.elliscountytx.gov/Archive.asp?ADID=4283

Reviewed ro land boundary context · The 2024 Zone 12 notice describes approximately 288.8 acres by reference to the Dallas Joint Venture No. 2 deed, Volume 723, page 295, except Texas Utilities Electric Company correction deed tracts, Volume 829, page 147. This is the historical incentive area description, not a verified current title or purchased campus boundary.

Reported rounded · DataBank Red Oak Campus (Project)

Claim 162564 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Ellis County Zone 12 proposed tax-abatement notice and historical property description

    Ellis County · Document date: Not stated · Primary

    Source reference: SRC-8278 · Government record · Recorded authority: Official primary

    Source URL

    https://www.elliscountytx.gov/Archive/ViewFile/Item/4222

Counterparties and capital

DataBank · Developer, Operator · CMP-1675

Oncor Electric Delivery · Utility provider · CMP-1665

Construction loan

$2,000,000,000 · Apr 21, 2026

Loan announced for construction of Red Oak DFW9, DFW10 and DFW11. Not whole-campus capex. MUFG Bank, Ltd. was Administrative Agent, Coordinating Lead Arranger and Sole Bookrunner. Later June upsize is incremental, not an additional resulting total.

MUFG (Arranger)

Financing record 356; claim-specific source links appear in the exhibit sources where published.

Debt financing

$650,000,000 · Jun 15, 2026

Incremental $650 million upsize: $400 million bank financing and $250 million notes, supporting fourth building. Resulting campus financing is $2.65 billion. MUFG was Lead Placement Agent for the note portion. Excludes separate $800 million corporate revolver; not extra capex.

MUFG (Arranger)

Financing record 357; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.