What are the primary purposes of these new Euro Note offerings?

The primary purpose for the 2032 Notes is to finance or refinance Eligible Green Projects. For the 2022 Notes, the primary intention is to fund the potential redemption of Digital Stout Holding, LLC's 4.750% Guaranteed Notes due 2023.

Are these offerings available to U.S. investors?

No, these Euro Notes are being offered only outside the United States in reliance on Regulation S. They have not been registered under the U.S. Securities Act and may not be offered or sold within the U.S. or to U.S. persons without registration or an applicable exemption.

What are 'Eligible Green Projects'?

Eligible Green Projects are defined by Digital Realty Trust, Inc. as recently completed or future green building, energy and resource efficiency, and renewable energy projects, including their development and redevelopment. The net proceeds from the 2032 Notes are intended to be allocated towards these projects.

What happens if the proceeds from the 2032 Notes are not immediately used for green projects?

Pending allocation to Eligible Green Projects, the net proceeds from the 2032 Notes may be temporarily used to repay borrowings under the company's global revolving credit facilities, acquire properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term securities consistent with REIT status, and for general corporate purposes including debt repayment or retirement.

DIGITAL REALTY TRUST, INC. 8-K SEC Disclosure

Summary

Digital Realty Trust, Inc. (DLR) announced through its indirect wholly owned finance subsidiary, Digital Dutch Finco B.V., the commencement of offerings for Euro-denominated Guaranteed Notes. Specifically, these include Euro Notes due 2032 and Euro Floating Rate Notes due 2022. These notes are senior unsecured obligations guaranteed by DLR and its operating partnership. The consummation of these offerings is subject to market conditions. The net proceeds from the 2032 Notes are intended to finance or refinance Eligible Green Projects, aligning with the company's commitment to sustainability. Pending allocation, these proceeds may be used for various corporate purposes including debt repayment and working capital. The proceeds from the 2022 Notes are earmarked for the potential redemption of existing debt (Digital Stout Holding, LLC's 4.750% Guaranteed Notes due 2023) or similar corporate uses. Investors should note that these offerings are conducted under Regulation S and are not registered in the U.S.

Key Highlights

1Commencement of offerings for Euro-denominated Guaranteed Notes due 2032 and 2022.
2Notes are senior unsecured obligations of a finance subsidiary, fully guaranteed by Digital Realty Trust, Inc. and its operating partnership.
3Proceeds from the 2032 Notes are earmarked for financing/refinancing green building, energy efficiency, and renewable energy projects (Eligible Green Projects).
4Proceeds from the 2022 Notes are intended for the potential redemption of Digital Stout Holding, LLC's 4.750% Guaranteed Notes due 2023.
5Offerings are conducted outside the United States under Regulation S and are not registered in the U.S.
6Closing of each note offering is independent of the other.
7Use of proceeds may include general corporate purposes, debt repayment, and working capital if not immediately allocated to stated primary uses.

DIGITAL REALTY TRUST, INC. 8-K Report, Corporate Update (Sep 14, 2020)

Summary

Key Highlights

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