8-KOther EventsExhibits & Filings

DIGITAL REALTY TRUST, INC. 8-K Report, Corporate Update (Jun 8, 2010)

Filed June 8, 2010For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) filed a Form 8-K on June 8, 2010, to report on a significant equity offering. The company, along with its operating partnership, successfully completed the sale of 6,900,000 shares of common stock to underwriters. This offering, which included the full exercise of an over-allotment option, raised approximately $377.1 million in net proceeds after accounting for estimated expenses. The shares were sold under a shelf registration statement previously filed with the SEC, indicating a strategic move by DLR to bolster its capital position. This influx of capital is likely intended to support ongoing operations, property acquisitions, or development projects within DLR's data center portfolio.

Key Highlights

  • 1Digital Realty Trust, Inc. completed a secondary offering of 6,900,000 shares of common stock.
  • 2The offering generated approximately $377.1 million in net proceeds.
  • 3The sale involved an initial 6,000,000 shares and an exercised over-allotment option of 900,000 shares.
  • 4The offering was conducted under an existing shelf registration statement on Form S-3.
  • 5Key underwriters included Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
  • 6The filing includes the underwriting agreement and a legal opinion on the validity of the common stock.

Frequently Asked Questions

This 8-K filing was made to formally report the completion of a significant secondary offering of Digital Realty Trust, Inc.'s common stock and to provide details regarding the underwriting agreement and related legal documentation.

Digital Realty Trust raised approximately $377.1 million in net proceeds from the sale of 6,900,000 shares of common stock, after deducting estimated expenses.

A total of 6,900,000 shares of common stock were sold. This included the initial 6,000,000 shares offered and an additional 900,000 shares issued upon the underwriters' full exercise of their over-allotment option.

The offering was conducted under a shelf registration statement on Form S-3 (File No. 333-158958), which allows companies to register securities for future sale and then offer them via a prospectus supplement.