|By PR Newswire||
|January 15, 2013 05:00 PM EST||
SAN FRANCISCO, Jan. 15, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (the "Company") (NYSE: DLR) today announced that Digital Stout Holding, LLC, a wholly-owned subsidiary of its operating partnership, Digital Realty Trust, L.P. (the "Operating Partnership"), priced a private placement of £400 million aggregate principal amount of its 4.250% Guaranteed Notes due 2025 (the "Notes"). The Notes will be senior unsecured obligations of Digital Stout Holding, LLC and will be fully and unconditionally guaranteed by the Company and the Operating Partnership. Interest on the Notes will be payable semiannually in arrears at a rate of 4.250% per annum. The offering is expected to close on January 18, 2013, subject to the execution of a subscription agreement for the Notes and the satisfaction of certain closing conditions.
The Company intends to use the net proceeds from the offering of the Notes to temporarily repay borrowings under its global revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, for general working capital purposes or a combination of the foregoing.
The Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Safe Harbor Statement
This press release contains forward-looking statements, including statements related to the timing and consummation of the offering of the Notes and the intended use of the net proceeds. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the offering. The Company can provide no assurances that it will be able to complete the offering on the anticipated terms, or at all. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company and the Operating Partnership with the U.S. Securities and Exchange Commission, including the Company and the Operating Partnership's combined Annual Report on Form 10-K for the year ended December 31, 2011 and combined Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein
Pamela M. Garibaldi
Chief Financial Officer and
Vice President, Investor Relations and
Chief Investment Officer
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
+1 (415) 738-6500
+1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.
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