Edited: Jennifer Brenner
Source: Digital Realty Trust, Inc.
Digital Realty Trust, Inc., the world's largest wholesale datacenter provider, announced today that its operating partnership, Digital Realty Trust, L.P., has agreed to sell $100.0 million aggregate principal amount of its senior unsecured term notes to Prudential Investment Management, Inc. and certain of its affiliates.
The notes will be issued in two series referred to as the series D and series E notes. The series D notes will have a principal amount of $50.0 million, an interest-only rate of 4.57% per annum and a five-year maturity, and the series E notes will have a principal amount of $50.0 million, an interest-only rate of 5.73% per annum and a seven-year maturity. The Company intends to use the proceeds of the series D and series E notes to fund acquisitions and for working capital. The purchase and sale of the series D and series E notes is scheduled to close on January 20, 2010, subject to satisfaction of closing conditions.
"Accessing attractively priced capital from a variety of sources has been the cornerstone of our funding strategy and continues to support the growth of our Company," commented A. William Stein, CFO and chief investment officer of Digital Realty Trust. "Upon closing, today's announced transaction will represent the fourth draw from the three-year, multi-currency, $200 million unsecured Prudential shelf facility that was established in July 2008."
