SAN FRANCISCO, June 10, 2019 /PRNewswire/ -- Digital Realty
(NYSE: DLR), a leading global provider of 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
$900 million of 3.600% notes due
2029. 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 99.823% of par value, with a coupon of 3.600% and will
mature on July 1, 2029.
The company intends to use the net proceeds from the offering of
the notes, together with borrowings under the operating
partnership's global revolving credit facility or cash on hand, to
refinance all of Digital Realty Trust, L.P.'s outstanding 3.400%
Notes due 2020 and 5.250% Notes due 2021 (collectively, the
"Existing Notes") pursuant to a tender offer announced separately
today, by redemption or otherwise. Pending the allocation of
an amount equal to the net proceeds from the offering of the notes
to refinancing the Existing Notes, all or a portion of the net
proceeds from the offering of the notes may be used to temporarily
repay borrowings outstanding under the operating partnership's
global revolving credit facility and Yen revolving credit facility,
acquire additional properties or businesses, fund development
opportunities, and to provide for working capital and other general
corporate purposes, including potentially for the repayment of
other debt or the repurchase, redemption or retirement of other
outstanding debt securities, or a combination of the
foregoing.
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and MUFG Securities Americas
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 relating 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:
J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
Attn: Investment Grade Syndicate Desk
(212) 834-4533
Fax: (212) 834-6081
Mizuho Securities USA LLC
320 Park Avenue, 12th Floor
New York, New York 10022
Attn: Debt Capital Markets
(866) 271-7403
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Attention: Capital Markets Group
(877) 649-6848
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
Digital Realty supports the data
center, colocation and interconnection strategies of more than
2,000 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
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 offering of the notes and the
expected use of the net proceeds therefrom. The company and
the operating partnership 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 and
the operating partnership with the U.S. Securities and Exchange
Commission, including their Annual Report on Form 10-K for the year
ended December 31, 2018 and Quarterly
Report on Form 10-Q for the quarter ended March 31, 2019. The company and the
operating partnership disclaim 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