QTS Realty to partially repay revolver debt via new offering proceeds

By Sarah Lizee

Olympia, Wash., June 20 – QTS Realty Trust Inc. plans to repay a portion of the amounts outstanding under its unsecured revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Wednesday that it intends to price $225 million, or 2.25 million shares, of $100-par series B perpetual cumulative convertible preferred stock.

Proceeds from the offering will also be used for general corporate purposes.

QTS Realty is an Overland Park, Kan.-based data center operator.

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