By Angela McDaniels
Tacoma, Wash., May 23 – Digital Realty Trust, LP subsidiary Digital Euro Finco, LLC issued €125 million of floating-rate guaranteed notes due 2019 to an institutional investor in a private placement on Monday, according to an 8-K filing with the Securities and Exchange Commission.
The notes are guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, LP.
The interest rate is Euribor plus 50 basis points. The interest rate for the initial interest period is 0.169%.
The company plans to use the proceeds to temporarily repay borrowings under its global revolving credit facility and for general corporate purposes.
Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.
| Issuer: | Digital Euro Finco, LLC
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| Guarantors: | Digital Realty Trust, Inc. and Digital Realty Trust, LP
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| Issue: | Guaranteed notes
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| Amount: | €125 million
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| Maturity: | May 22, 2019
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| Coupon: | Euribor plus 50 bps, payable quarterly
|
| Price: | Par
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| Settlement date: | May 22
|
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