Summary
Digital Realty Trust, Inc. (DLR) has filed an 8-K report detailing an amendment to its existing At-the-Market (ATM) Equity Sales Agreement. This amendment significantly increases the total aggregate offering price for shares of common stock that the Company may offer and sell through its network of sales agents. Previously, the company had sold approximately $1.24 billion in shares under the agreement. Following this amendment, DLR can now offer and sell shares up to an aggregate of $2 billion, effectively expanding its capacity for equity capital raising.
Key Highlights
- 1DLR amended its ATM Equity Sales Agreement to increase the total authorized offering price for its common stock.
- 2The aggregate offering price under the Sales Agreement has been increased to $2,000,000,000.
- 3Prior to the amendment, DLR had already sold shares totaling $1,241,726,894.43 under the existing agreement.
- 4This filing indicates DLR's intention to potentially raise additional equity capital.
- 5The amendment involves a broad group of prominent financial institutions acting as sales agents and forward purchasers.
- 6A prospectus supplement dated February 23, 2024, was filed with the SEC in connection with this amendment.