SAN FRANCISCO, April 8, 2016 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading real estate investment trust and global provider of data center, colocation and interconnection solutions, today announced that Digital Euro Finco, LLC, a wholly-owned subsidiary of its operating partnership, Digital Realty Trust, L.P., priced an offering of €600 million aggregate principal amount of 2.625% Guaranteed Notes due 2024, or the Notes. The Notes will be senior unsecured obligations of Digital Euro Finco, LLC and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. Interest on the Notes will be payable annually in arrears at a rate of 2.625% per annum. The Notes will mature in April 2024. The offering is expected to close on April 15, 2016, subject to the execution of a subscription agreement for the Notes and the satisfaction of closing conditions.
The company intends to use the net proceeds from the offering of the Notes to temporarily repay borrowings under its global revolving credit facility.
The Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended, or the Securities Act. The Notes have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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Contact Information
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Andrew P. Power
Chief Financial Officer
Digital Realty Trust, Inc.
+1 (415) 738-6500
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John J. Stewart
Senior Vice President, Investor Relations
Digital Realty Trust, Inc.
+1 (415) 738-6500
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Safe Harbor Statement
This press release contains forward-looking statements, including statements related to the timing and consummation of the offering of the Notes and the intended use of the net proceeds. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the offering. The company can provide no assurances that it will be able to complete the offering on the anticipated terms, or at all. For a further list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc. and Digital Realty Trust, L.P.'s combined Annual Report on Form 10-K for the year ended December 31, 2015, as amended, and subsequent reports on Form 8-K. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Digital Realty Trust, Inc.