Summary
Digital Realty Trust, Inc. (DLR) announced on June 18, 2018, that its subsidiary, Digital Realty Trust, L.P., entered into an underwriting agreement on June 14, 2018, for a public offering of $650 million aggregate principal amount of 4.450% Notes due 2028. These notes will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. The offering is expected to close on June 21, 2018, subject to customary closing conditions. This debt issuance represents a capital raising activity for Digital Realty, likely to fund ongoing operations, development projects, or potential acquisitions, thereby supporting the company's growth strategy. Investors should note the fixed interest rate of 4.450% and the maturity date in 2028. The company has provided forward-looking statements related to the offering, including potential risks and uncertainties, and advises investors to refer to its previous SEC filings for a comprehensive understanding of these risks.
Key Highlights
- 1Digital Realty Trust, L.P. is issuing $650 million in 4.450% Notes due 2028.
- 2The offering is fully and unconditionally guaranteed by the parent company, Digital Realty Trust, Inc.
- 3The underwriting agreement was executed on June 14, 2018, with a syndicate of underwriters.
- 4The offering is expected to close on June 21, 2018, subject to standard closing conditions.
- 5The filing includes forward-looking statements and disclaimers regarding market conditions and the completion of the offering.
- 6Investors are directed to previous SEC filings (10-K for 2017, 10-Q for Q1 2018) for a detailed list of risks and uncertainties.