SAN FRANCISCO, Jan. 11, 2019 /PRNewswire/ -- Digital Realty
(the "Company") (NYSE: DLR), a leading global provider of data
center, colocation and interconnection solutions, announced today
that Digital Euro Finco, LLC, a wholly owned indirect finance
subsidiary of the Company's operating partnership, Digital Realty
Trust, L.P. (the "Operating Partnership"), priced an offering of
€850 million aggregate principal amount of Euro-denominated 2.500%
Guaranteed Notes due 2026 (the "Euro Notes"). The Euro Notes
will be senior unsecured obligations of Digital Euro Finco, LLC and
will be fully and unconditionally guaranteed by the Company and the
Operating Partnership. Interest on the Euro Notes will be
payable annually in arrears at a rate of 2.500% per annum, and the
Euro Notes will mature on January 16,
2026. Settlement of the offering is expected to occur on
January 16, 2019, subject to the
satisfaction of customary closing conditions.
The Company intends to allocate an amount equal to the net
proceeds from the offering of the Euro Notes to finance or
refinance, in whole or in part, certain green building, energy and
resource efficiency and renewable energy projects (collectively,
"Eligible Green Projects"), including the development and
redevelopment of such projects. Pending the allocation of an amount
equal to the net proceeds of the Euro Notes to Eligible Green
Projects, all or a portion of an amount equal to the net proceeds
may be used for the payment of outstanding indebtedness or other
capital management activities. Such indebtedness to be redeemed or
repaid is expected to include the Operating Partnership's 5.875%
Senior Notes due 2020 pursuant to a tender offer for such notes
announced separately today, by redemption or otherwise and may
include borrowings under the Operating Partnership's global credit
facilities, as well as other outstanding debt
securities.
The Euro Notes are being sold only outside the United States in reliance on Regulation S
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"). The Euro 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 Euro Notes,
nor shall there be any offer, solicitation or sale of the Euro
Notes in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
About Digital Realty
Digital Realty supports the data center, colocation and
interconnection strategies of more than 2,300 firms across its
secure, network-rich portfolio of data centers located throughout
North America, Europe, Latin
America, Asia and
Australia. Digital Realty's clients include domestic and
international companies of all sizes, ranging from cloud and
information technology services, communications and social
networking to financial services, manufacturing, energy, healthcare
and consumer products.
For Additional Information:
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Investor Relations
John J.
Stewart / Maria S. Lukens
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements which are
based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes
and results to differ materially, including statements related to
the timing and consummation of the offering of the Euro Notes and
the expected use of the net proceeds. 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 the Company with the U.S. Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2017 and
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2018, June 30,
2018 and September 30, 2018.
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.
Reg S Statement
This communication is not an offer to sell or a solicitation of
an offer to buy securities ("Securities") of Digital Realty Trust,
Inc. or its subsidiaries. The Securities have not been and will not
be registered under the Securities Act, or with any securities
regulatory authority of any state or other jurisdiction of
the United States. Consequently,
the Securities may not be offered, sold, resold, transferred,
delivered or distributed, directly or indirectly, into or within
the United States except pursuant
to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance
with any applicable securities laws of any state or other
jurisdiction of the United States.
Any offering of the Securities will be conducted pursuant to
Regulation S under the Securities Act.
Notice to EEA Retail Investors
The Euro Notes are not intended to be offered, sold or otherwise
made available to and, with effect from such date, should not be
offered, sold or otherwise made available to any retail investor in
the European Economic Area (the "EEA"). For these purposes, a
retail investor means a person who is one (or more) of: (i) a
retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the
meaning of Directive 2002/92/EC (as amended, the "IMD"), where that
customer would not qualify as a professional client as defined in
point (10) of Article 4(1) of MiFID II. Consequently, no key
information document required by Regulation (EU) No 1286/2014 (as
amended, the "PRIIPs Regulation") for offering or selling the Euro
Notes or otherwise making them available to retail investors in the
EEA has been prepared and therefore offering or selling the Euro
Notes or otherwise making them available to any retail investor in
the EEA may be unlawful under the PRIIPs Regulation.
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SOURCE Digital Realty