By Lisa Kerner
Charlotte, N.C., Jan. 21 - Digital Realty Trust, Inc.'s operating partnership, Digital Realty Trust, LP, agreed on Wednesday to sell $17 million principal amount of its senior unsecured term notes, known as series F notes, to Prudential Investment Management, Inc.
The series F notes will have an interest-only rate of 4.5% per year and a five-year maturity, according to a form 8-K filed with the Securities and Exchange Commission.
Digital Realty said the purchase and sale of the series F notes is scheduled to close on Feb. 3.
Also on Wednesday, Digital Realty Trust, LP closed the previously announced sale of $100 million principal amount of its senior unsecured term notes to Prudential.
The notes were issued in two series: series D notes and series E notes.
As previously reported, the series D notes have a principal amount of $50 million, an interest-only rate of 4.57% per year and a five-year maturity.
The series E notes have a principal amount of $50 million, an interest-only rate of 5.73% per year and a seven-year maturity.
Proceeds from all three series of notes will be used to fund acquisitions, to temporarily repay borrowings under the company's revolving credit facility and for working capital, Digital Realty said.
Digital Realty is a real estate investment trust based in San Francisco.
| Issuer: | Digital Realty Trust, LP
|
| Issue: | Senior unsecured notes, series F
|
| Amount: | $17 million
|
| Maturity: | Five years
|
| Coupon: | 4.5%
|
| Pricing date: | Jan. 20
|
| Settlement date: | Feb. 3
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
