Digital Realty gets $1.85 billion 364-day bridge loan for Telx buyout

By Susanna Moon

Chicago, July 14 – Digital Realty Trust, Inc. said it obtained a commitment for a $1.85 billion 364-day unsecured term loan bridge facility from a syndicate of lenders.

Proceeds may be used to help fund the acquisition of Telx from private equity firms ABRY Partners and Berkshire Partners for $1,886,000,000, according to a company press release.

The deal is expected to close later in the year.

Digital Realty is a manager and owner of technology-related real estate and is based in San Francisco.

Telx is a data center solution provider based in New York with west coast operations out of San Francisco.

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