What is the purpose of the Euro Notes offering?

The primary purpose of the Euro Notes offering is to raise capital to finance or refinance "Eligible Green Projects." These are projects related to green building, energy and resource efficiency, and renewable energy. However, pending allocation to these projects, the proceeds may be temporarily used for other corporate purposes such as repaying debt, acquisitions, or general working capital.

Who is issuing the Euro Notes?

The Euro Notes are being issued by Digital Intrepid Holding B.V., which is an indirect wholly owned holding and finance subsidiary of Digital Realty Trust, Inc.'s operating partnership. The notes are guaranteed by Digital Realty Trust, Inc. and its operating partnership.

Are the Euro Notes being offered to U.S. investors?

No, the Euro Notes are being offered only outside the United States in reliance on Regulation S under the Securities Act of 1933. They have not been registered under the U.S. Securities Act and may not be offered or sold within the United States or to U.S. persons without registration or an applicable exemption.

What are the risks associated with this offering?

The offering is subject to market and other conditions, and there is no assurance of its consummation on the terms described or at all. The company also notes that forward-looking statements within the filing are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, as detailed in their SEC filings.

DIGITAL REALTY TRUST, INC. 8-K SEC Disclosure

Summary

Digital Realty Trust, Inc. (DLR) announced through its indirect wholly owned subsidiary, Digital Intrepid Holding B.V., the commencement of an offering of Euro-denominated Guaranteed Notes. These notes are senior unsecured obligations, fully guaranteed by Digital Realty Trust, Inc. and its operating partnership, and are being offered outside the United States under Regulation S. The company intends to use the net proceeds from this offering to finance or refinance "Eligible Green Projects," which include green building, energy and resource efficiency, and renewable energy initiatives. While the primary use of proceeds is earmarked for sustainable projects, the company also outlined potential temporary uses for the net proceeds pending allocation. These include repaying borrowings under revolving credit facilities, acquiring properties or businesses, funding development, investing in short-term securities for REIT qualification, and general corporate purposes like repaying other debt or retiring securities. Investors should note that the offering is subject to market and other conditions, and the final terms will be determined at pricing. The company also included a cautionary statement regarding forward-looking statements, highlighting various risks and uncertainties that could affect future results.

Key Highlights

1Commencement of offering for Euro-denominated Guaranteed Notes by subsidiary Digital Intrepid Holding B.V.
2Notes are senior unsecured obligations and are fully guaranteed by Digital Realty Trust, Inc. and its operating partnership.
3Offering is conducted outside the United States under Regulation S.
4Intended use of proceeds is to finance or refinance "Eligible Green Projects" (green buildings, energy efficiency, renewable energy).
5Temporary uses of proceeds may include credit facility repayment, property/business acquisitions, development funding, and general corporate purposes.
6The offering is subject to market and other conditions, and final terms are to be determined at pricing.
7Company included a standard cautionary statement regarding forward-looking statements and associated risks.

DIGITAL REALTY TRUST, INC. 8-K Report, Corporate Update (Jan 5, 2021)

Summary

Key Highlights

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