Digital Realty Announces Pricing of Senior Notes Offering
AUSTIN, Texas, Sept. 22, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of carrier and cloud-neutral data center, colocation and interconnection solutions, announced today that its operating partnership, Digital Realty Trust, L.P. (the "operating partnership"), has priced an underwritten public offering of $550 million of 5.550% notes due 2028. The notes will be senior unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. The notes were issued at 99.918% of par value, with a coupon of 5.550% and will mature on January 15, 2028.
The company intends to use the net proceeds from the offering of the notes to temporarily repay borrowings outstanding under the operating partnership's global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with Digital Realty Trust, Inc.'s intention to qualify as a real estate investment trust for U.S. federal income tax purposes, and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt, or the redemption, repurchase, repayment or retirement of outstanding equity and debt securities, or a combination of the foregoing.
BofA Securities, Inc. and SMBC Nikko Securities America, Inc. are the joint book-running managers for the offering of the notes.
The offering of the notes was made under an effective shelf registration statement filed with the Securities and Exchange Commission. A copy of the prospectus supplement and accompanying prospectus elating to the offering of the notes will be filed with the SEC and will be available by visiting the EDGAR database on the SEC's website at www.sec.gov.
A copy of the prospectus supplement and the accompanying prospectus relating to the offering of the notes may be obtained, when available, by contacting:
BofA Securities, Inc.
SMBC Nikko Securities America, Inc.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Digital Realty
For Additional Information
Safe Harbor Statement
View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-realty-announces-pricing-of-senior-notes-offering-301631642.html
SOURCE Digital Realty