Digital Realty plans to extend facilities, trim pricing, up revolver

By Sarah Lizee

Olympia, Wash., Oct. 3 – Digital Realty Trust, Inc. plans to increase the borrowing capacity of its global unsecured revolving facility and extend the maturities of the revolver and its five-year term loan facility to 2024, according to an 8-K filing with the Securities and Exchange Commission.

The company also plans to lower the interest rates on its revolver, five-year term loan and seven-year term loan, as well as to improve other terms.

Digital Realty said it has received commitments from existing lenders and one or more new lenders for the entire amount of borrowing capacity being sought in the recast.

The company said it expects to close the recast later this month.

Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.

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