01—Abstract
Summary
Summary of the 8-K filed October 6, 2026. Cited figures are marked; the original filing is the authoritative source.
Digital Realty Trust (DLR) disclosed in an 8-K filed October 6, 2026 that its wholly owned indirect finance subsidiary, Digital Euro Finco, LLC, priced a €1 billion offering of 5.125%a Guaranteed Notes due October 9, 2036, at 99.289% of principal.
The notes are senior unsecured obligations of Digital Euro Finco, LLC, fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership, and were sold only outside the United States under Regulation S. Settlement is expected October 9, 2026, subject to customary closing conditions. The offering adds roughly €1 billion of long-dated, fixed-rate, euro-denominated debt to the company's capital structure, diversifying funding beyond U.S. dollar markets.
The issue price of 99.289%b implies a yield modestly above the 5.125% coupon, and annual cash interest will be approximately €51.25 million on the full principal. The company intends to allocate net proceeds to Eligible Green Projects consistent with its Green Bond Framework, which signals a continued sustainability-linked financing strategy for its data center development pipeline.
Pending allocation, proceeds may temporarily repay revolving credit facility borrowings, fund acquisitions or development, or support general corporate purposes, including potential debt or equity retirement. The filing is a routine financing disclosure with no reported change to guidance, earnings, or covenants, so its significance rests mainly on refinancing flexibility and the cost of euro-denominated capital.
02—Key points
Key Highlights
- Priced €1 billion of 5.125% Guaranteed Notes due October 9, 2036 at 99.289% of principal, issued by Digital Euro Finco, LLC.
- Notes are senior unsecured and fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership.
- Annual cash interest of 5.125% (about €51.25 million per year on the full principal), paid annually in arrears.
- Settlement expected October 9, 2026, subject to customary closing conditions.
- Offering conducted only outside the U.S. under Regulation S; notes not registered under the Securities Act.
- Net proceeds earmarked for Eligible Green Projects under the company's Green Bond Framework, with interim use to repay revolver borrowings or fund general corporate purposes.
- No changes to earnings, guidance, or financial covenants were disclosed in the filing.
03—Questions
Frequently Asked Questions
How much debt is Digital Realty raising, and on what terms?
The subsidiary priced €1 billion aggregate principal of 5.125% Guaranteed Notes due 2036 at 99.289% of principal. Interest is paid annually in arrears, and the notes mature October 9, 2036.
Who stands behind the notes?
The notes are issued by Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership. They are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P., and are senior unsecured obligations.
What will the company do with the proceeds?
The company intends to allocate an amount equal to net proceeds to finance or refinance Eligible Green Projects, including renewable energy, energy efficiency, and green building projects. Until allocated, proceeds may repay revolver borrowings, fund acquisitions or development, invest in short-term securities, or support general corporate purposes, including debt or equity retirement.
Is this offering available to U.S. investors?
No. The notes were sold only outside the United States under Regulation S and have not been registered under the Securities Act. They may not be offered or sold in the U.S. or to U.S. persons absent registration or an applicable exemption.
Does this filing change the company's financial outlook?
The filing does not report changes to earnings, guidance, or covenants. It is a financing disclosure, and its impact depends on the cost of euro funding and how the proceeds are deployed.
04—Continue