QTS Realty to pay down revolving facility with common stock proceeds

By Tali Rackner

Norfolk, Va., Feb. 23 – QTS Realty Trust, Inc. plans to repay amounts outstanding under its unsecured revolving credit facility with the proceeds from a public offering of class A common stock, according to a notice.

Proceeds will also be used for general corporate purposes.

QTS is a provider of data center solutions and fully managed services for enterprise businesses and is based in Overland Park, Kan.

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