Summary
Digital Realty Trust, Inc. (DLR) announced through its wholly-owned subsidiary, Digital Stout Holding, LLC, the commencement of an offering of its Guaranteed Notes due 2023, denominated in pounds sterling. These notes are senior unsecured obligations of the subsidiary and are fully guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. The offering is being conducted outside the United States under Regulation S and is subject to market conditions. Investors should note that the net proceeds from this offering are intended for various corporate purposes, including repaying existing credit facility borrowings, acquiring additional properties, funding development projects, and general working capital. The company has provided a comprehensive list of forward-looking statements and associated risks, highlighting potential challenges such as economic conditions, IT spending fluctuations, tenant defaults, financing risks, and operational challenges in acquiring and managing data center properties globally. The consummation of the offering and the final terms are contingent on market conditions.
Key Highlights
- 1Digital Stout Holding, LLC (a DLR subsidiary) commenced an offering of Guaranteed Notes due 2023, denominated in pounds sterling.
- 2The Notes are senior unsecured obligations and are fully guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P.
- 3The offering is being made outside the United States under Regulation S.
- 4Proceeds are intended for repaying credit facility borrowings, property acquisitions, development funding, and working capital.
- 5The offering's consummation is subject to market and other conditions.
- 6DLR disclosed significant forward-looking statements and associated risks related to economic, market, operational, and financial factors.