Summary
Digital Realty Trust, Inc. (DLR) announced on November 12, 2025, the pricing of a significant Euro Notes offering totaling €1.4 billion. This offering includes €600 million in 3.750% Guaranteed Notes due 2033 and €800 million in 4.250% Guaranteed Notes due 2037. These notes are issued by a wholly owned indirect finance subsidiary, with Digital Realty Trust, Inc. and its operating partnership providing full and unconditional guarantees. The offering is being conducted outside the United States under Regulation S, with settlement expected on November 20, 2025. Investors should note the intended use of proceeds, which is primarily to finance or refinance "Eligible Green Projects," encompassing renewable energy, energy efficiency, and other environmentally focused initiatives. Pending allocation to these green projects, the net proceeds may be used for general corporate purposes, including repaying revolving credit facilities, acquiring properties, funding development, investing in short-term securities consistent with REIT status, and potentially for repaying other debt or securities. This move highlights DLR's commitment to sustainable financing and its ongoing capital markets activity.
Key Highlights
- 1DLR priced a substantial offering of €1.4 billion in Euro Notes.
- 2The offering consists of two tranches: €600 million of 3.750% Notes due 2033 and €800 million of 4.250% Notes due 2037.
- 3The notes are guaranteed by Digital Realty Trust, Inc. and its operating partnership.
- 4Proceeds are earmarked for financing or refinancing Eligible Green Projects, demonstrating a focus on sustainable investments.
- 5Temporary use of proceeds may include revolving credit facilities, property acquisitions, development funding, and general corporate purposes.
- 6The offering is conducted offshore under Regulation S, with settlement expected on November 20, 2025.
- 7This issuance represents ongoing capital markets activity to support growth and sustainability initiatives.