Summary
Digital Realty Trust, Inc. (DLR) announced a dual action concerning its outstanding 4.125% Exchangeable Senior Debentures due 2026. On July 14, 2011, the company initiated an offer to repurchase these debentures at the option of the holders, with the offer set to expire on August 11, 2011. Simultaneously, Digital Realty Trust, L.P. declared its intention to redeem all outstanding debentures on August 18, 2011, exercising its option under the governing indenture. This filing informs debenture holders of their choices: to tender their debentures for repurchase or to exchange them prior to August 16, 2011. Debentures not repurchased or exchanged will be automatically redeemed on August 18, 2011. Investors should note that this is a procedural announcement related to debt management and does not involve new equity offerings or significant operational changes, but impacts the company's debt structure.
Key Highlights
- 1Digital Realty Trust, Inc. is offering to repurchase its 4.125% Exchangeable Senior Debentures due 2026.
- 2The repurchase offer is made at the option of the debenture holders.
- 3The repurchase offer will expire on August 11, 2011.
- 4The company's operating partnership also intends to redeem all outstanding debentures on August 18, 2011.
- 5Debenture holders have the right to exchange their debentures prior to August 16, 2011.
- 6Debentures not repurchased or exchanged by the deadlines will be redeemed on August 18, 2011.