DuPont Fabros to pay down credit facility with proceeds of note sale

By Wendy Van Sickle

Columbus, Ohio, June 2 – DuPont Fabros Technology, Inc. will repay borrowings under its unsecured credit facility with some proceeds from a $250 million senior note sale, the company announced in a Tuesday press release.

Proceeds from the offering will also be used for general corporate purposes, including funding the company’s development activities, DuPont said. The notes, which are being offered by DuPont subsidiary DuPont Fabros Technology, LP, are due 2025.

SunTrust Robinson Humphrey, Goldman, Sachs & Co., KeyBanc Capital Markets, RBC Capital Markets, Regions Securities LLC and Stifel are the joint book-running managers for the offering

DuPont Fabros is a Washington, D.C.-based real estate investment trust that focuses on wholesale data centers.

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