Summary
This Form 8-K filing from Digital Realty Trust, Inc. (DLR), dated March 12, 2014, provides an update on the exchange rate for its 5.50% Exchangeable Senior Debentures due 2029. This information is crucial for investors holding or considering these debentures, as it directly impacts their potential conversion value into Digital Realty's common stock. The filing is furnished under Regulation FD and is not considered 'filed' for liability purposes, meaning it does not trigger incorporation by reference into other SEC filings.
Key Highlights
- 1Disclosure of the exchange rate for DLR's 5.50% Exchangeable Senior Debentures due 2029.
- 2The exchange rate as of March 12, 2014, is 25.5490 shares per $1,000 principal amount.
- 3This debenture allows holders to exchange them for Digital Realty common stock.
- 4The filing is made under Item 7.01 (Regulation FD Disclosure).
- 5Information furnished under Item 7.01 is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- 6The information will not be incorporated by reference into any other DLR securities filings.
- 7The report signifies a routine update on convertible debt terms.
Frequently Asked Questions
The primary purpose of this filing is to disclose the current exchange rate for Digital Realty Trust's (DLR) 5.50% Exchangeable Senior Debentures due 2029. This information is important for investors holding these debentures to understand their conversion potential into DLR's common stock.
This means that for every $1,000 principal amount of the 5.50% Exchangeable Senior Debentures due 2029, a debenture holder can convert them into 25.5490 shares of Digital Realty Trust's common stock, based on the rate provided on March 12, 2014.
No, this filing is furnished under Item 7.01 (Regulation FD Disclosure). As such, the information provided is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, and DLR will not be subject to the liabilities of that section for this specific disclosure.
No, the information furnished in this Current Report on Form 8-K will not be deemed incorporated by reference into any other filing of Digital Realty Trust, Inc. or Digital Realty Trust, L.P. under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in those other filings.