8-KRegulation FDExhibits & Filings

DIGITAL REALTY TRUST, INC. 8-K Report, Regulation FD Disclosure (Jun 12, 2013)

Filed June 12, 2013For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) filed an 8-K on June 12, 2013, to provide an update regarding its 5.50% Exchangeable Senior Debentures due 2029. The filing announces an adjustment to the exchange rate for these debentures, which will be distributed to holders on or around June 12, 2013. The adjusted exchange rate is set at 25.0900 shares of common stock per $1,000 principal amount of debentures as of the report date. This information is primarily a procedural update related to existing debt instruments and does not appear to signal any new strategic initiatives or significant financial events. Investors holding these specific debentures should note this adjustment as it impacts their potential conversion value. The filing also includes standard forward-looking statements and disclaimers concerning risks and uncertainties that could affect the company's future performance, common for SEC filings.

Key Highlights

  • 1Announcement of an adjustment to the exchange rate for DLR's 5.50% Exchangeable Senior Debentures due 2029.
  • 2The adjusted exchange rate is 25.0900 shares per $1,000 principal amount of debentures.
  • 3A Notice of Adjustment to Exchange Rate will be distributed to debenture holders.
  • 4The filing is made under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Exhibits).
  • 5The information is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
  • 6Includes standard forward-looking statements and risk factors relevant to DLR's business operations and the data center industry.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform holders of Digital Realty Trust, Inc.'s 5.50% Exchangeable Senior Debentures due 2029 about an adjustment to the exchange rate of these debentures. A notice detailing this adjustment is being distributed.

As of June 12, 2013, the adjusted exchange rate for the 5.50% Exchangeable Senior Debentures due 2029 is 25.0900 shares per $1,000 principal amount.

No, this filing primarily concerns an administrative adjustment to the exchange rate of existing exchangeable senior debentures. It does not appear to signal new debt issuances or major shifts in the company's financial structure beyond what is necessary to maintain the terms of the existing debentures.

This adjustment impacts the number of Digital Realty Trust shares a debenture holder would receive if they choose to convert their debentures. A higher exchange rate means more shares per principal amount, generally making the conversion feature more valuable if the stock price is rising.