Summary
Digital Realty Trust, Inc. (DLR) filed a Form 8-K on March 13, 2013, primarily to disclose updated information regarding its 5.50% Exchangeable Senior Debentures due 2029. The filing provides the specific exchange rate for these debentures as of March 13, 2013, which is 24.7390 shares per $1,000 principal amount. This information is crucial for investors holding or considering these debentures, as it directly impacts the potential conversion value into Digital Realty common stock.
Key Highlights
- 1Disclosure of the exchange rate for 5.50% Exchangeable Senior Debentures due 2029 as of March 13, 2013.
- 2The specified exchange rate is 24.7390 shares per $1,000 principal amount.
- 3This information is furnished under Regulation FD (Item 7.01) and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- 4The filing does not incorporate this information by reference into other DLR filings.
- 5The report was signed by Joshua A. Mills, Senior Vice President, General Counsel, and Assistant Secretary for both the registrant and its operating partnership.
Frequently Asked Questions
The primary purpose of this 8-K filing is to provide an update on the exchange rate for Digital Realty Trust, Inc.'s (DLR) 5.50% Exchangeable Senior Debentures due 2029 as of March 13, 2013. This is a routine disclosure for such debt instruments.
As of March 13, 2013, the exchange rate for the 5.50% Exchangeable Senior Debentures due 2029 is 24.7390 shares of Digital Realty common stock per $1,000 principal amount of debentures.
No, this 8-K filing is specifically a Regulation FD disclosure regarding the exchange rate of outstanding debentures. It does not contain financial results, operational updates, or other material business events. Such information is typically found in other SEC filings like 10-Q or 10-K reports.
For holders of the 5.50% Exchangeable Senior Debentures due 2029, the exchange rate determines how many shares of Digital Realty common stock they would receive if they decide to convert their debentures. Investors can compare this rate to the current market price of DLR's stock to assess the potential value of converting their debt.