Summary
Digital Realty Trust, Inc. (DLR) announced the issuance and sale of €850 million in aggregate principal amount of 3.875% Guaranteed Notes due 2033 by its indirect wholly owned finance subsidiary, Digital Dutch Finco B.V. These senior unsecured notes are fully and unconditionally guaranteed by DLR and its operating partnership. The offering, conducted outside the United States under Regulation S, generated net proceeds of approximately €842.7 million after expenses. These proceeds are intended to be allocated to finance or refinance eligible green projects, including renewable energy, energy efficiency, and sustainable building initiatives. Pending allocation to green projects, the net proceeds may be used for temporary repayment of revolving credit facilities, property or business acquisitions, funding development opportunities, investments in interest-bearing accounts and securities, or for general corporate purposes such as repaying other debt or repurchasing outstanding securities. The notes carry an interest rate of 3.875% and mature on September 13, 2033. The indenture governing the notes includes restrictive covenants concerning additional indebtedness and unencumbered assets.
Key Highlights
- 1Issuance of €850 million in 3.875% Guaranteed Notes due 2033 by Digital Dutch Finco B.V.
- 2Notes are senior unsecured obligations, fully guaranteed by Digital Realty Trust, Inc. and its operating partnership.
- 3Offering was conducted outside the U.S. under Regulation S.
- 4Net proceeds of approximately €842.7 million raised.
- 5Proceeds earmarked for financing or refinancing eligible green projects.
- 6Pending green project allocation, proceeds may be used for debt repayment, acquisitions, development, or general corporate purposes.
- 7Maturity date for the notes is September 13, 2033.