What is the primary purpose of this Euro Notes offering?

The primary purpose of the €850,000,000 Euro Notes offering is to finance or refinance Eligible Green Projects, which align with Digital Realty's commitment to sustainability initiatives such as renewable energy, energy efficiency, and sustainable water management.

Are these notes being offered to U.S. investors?

No, these Euro Notes are being sold only outside the United States in reliance on Regulation S under the Securities Act. They have not been registered under the 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 happens to the proceeds if they are not immediately allocated to green projects?

Pending allocation to Eligible Green Projects, the net proceeds may be used for general corporate purposes. This includes temporarily repaying borrowings under credit facilities, acquiring properties or businesses, funding development, investing in interest-bearing accounts and securities, and potentially for the repayment or repurchase of other debt or equity securities.

What is the interest rate and maturity of these Euro Notes?

The Euro Notes have a fixed annual interest rate of 3.875% and are due in 2033. Interest will be paid annually in arrears.

DIGITAL REALTY TRUST, INC. 8-K: Regulation FD

Summary

Digital Realty Trust, Inc. (DLR) announced on September 9, 2024, the pricing of an offering of €850,000,000 aggregate principal amount of 3.875% Guaranteed Notes due 2033. These notes are issued by its indirect wholly owned finance subsidiary, Digital Dutch Finco B.V., and are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership. The offering is being conducted outside the United States in reliance on Regulation S. The company intends to use the net proceeds from this offering to finance or refinance eligible green projects, aligning with its sustainability initiatives. Pending allocation to green projects, proceeds may be used for general corporate purposes, including repaying debt, funding development, or acquiring properties. This move signals Digital Realty's ongoing commitment to sustainable financing and managing its capital structure.

Key Highlights

1Digital Realty priced an offering of €850,000,000 in 3.875% Guaranteed Notes due 2033.
2The notes are issued by a finance subsidiary (Digital Dutch Finco B.V.) and guaranteed by DLR and its operating partnership.
3The offering is conducted outside the U.S. under Regulation S.
4Proceeds are intended for financing or refinancing Eligible Green Projects.
5Eligible Green Projects include renewable energy, energy efficiency, and sustainable water management, among others.
6Pending allocation, proceeds may be used for general corporate purposes, debt repayment, or investments.
7The settlement date for the offering is expected to be September 13, 2024.

DIGITAL REALTY TRUST, INC. 8-K Report, Regulation FD Disclosure (Sep 9, 2024)

Summary

Key Highlights

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