8-KAcquisitions & DispositionsExhibits & Filings

DIGITAL REALTY TRUST, INC. 8-K Report, Acquisition Completed (Jul 17, 2012)

Filed July 17, 2012For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) has announced the completion of a significant acquisition, bolstering its data center footprint in the United Kingdom. On July 11, 2012, the company finalized the purchase of the Sentrum Portfolio, comprising three established data centers in Croydon, Woking, and Watford, encompassing approximately 761,000 square feet. This strategic acquisition, valued at £715.9 million (approximately $1.1 billion), was funded through a combination of proceeds from a recent common stock offering and borrowings under DLR's revolving credit facility. A portion of the purchase price was allocated to repaying existing indebtedness. Investors should note that the full financial statements and pro forma information related to this acquisition will be filed in a subsequent amendment. The transaction marks a substantial expansion of DLR's international data center presence.

Key Highlights

  • 1Completed acquisition of the Sentrum Portfolio, a three-property data center portfolio in the United Kingdom.
  • 2Acquisition includes 761,000 square feet across data centers in Croydon, Woking, and Watford.
  • 3Purchase price was £715.9 million (approximately $1.1 billion), subject to limited adjustments and potential earn-outs.
  • 4Funding for the acquisition came from recent common stock issuance proceeds and revolving credit facility borrowings.
  • 5Approximately £370 million (approximately $573.5 million) of existing indebtedness was repaid at closing.
  • 6Includes freehold interests in Croydon and Woking properties, and a 125-year leasehold interest in Watford.
  • 7Financial statements and pro forma information for the acquired portfolio will be filed as an amendment.

Frequently Asked Questions

Digital Realty Trust acquired the Sentrum Portfolio, which consists of three data center properties located in the United Kingdom (Croydon, Woking, and Watford).

The purchase price was £715.9 million, which was equivalent to approximately $1.1 billion based on the exchange rate on July 11, 2012. This price is subject to limited adjustments and potential earn-out payments.

The acquisition was funded by cash proceeds from the sale of 11,500,000 shares of Digital Realty Trust's common stock that closed on July 2, 2012, and borrowings under the company's global revolving credit facility.

Yes, financial statements and pro forma financial information for the Sentrum Portfolio will be filed by amendment to this Form 8-K as soon as practicable, but no later than 71 calendar days from the filing date.