Digital Realty offers fixed-rate guaranteed notes via two bookrunners

By Marisa Wong

Los Angeles, Sept. 22 – Digital Realty Trust, LP is planning to sell fixed-rate notes guaranteed by Digital Realty Trust, Inc., according to a 424B5 filed with the Securities and Exchange Commission.

The notes will feature a make-whole call followed by a par call.

BofA Securities, Inc. and SMBC Nikko Securities America, Inc. are the joint bookrunners.

Computershare Trust Co., NA is the trustee.

Latham & Watkins LLP will be counsel for the issuer, with Venable LLP advising on matters of Maryland law. Goodwin Procter LLP will be counsel for the underwriters.

The company intends to use proceeds from the notes offering to temporarily repay borrowings outstanding under its global revolving credit facilities; to acquire additional properties or businesses; to fund development opportunities; to invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with Digital Realty Trust, Inc.’s intention to qualify as a REIT for U.S. federal income tax purposes; and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt, or the redemption, repurchase, repayment or retirement of outstanding equity or debt securities.

Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.

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