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Digital Realty enters bridge loan commitment letter for DuPont buyout
By Marisa Wong
Morgantown, W.Va., July 10 – Digital Realty Trust, Inc. has obtained bridge loan commitments in connection with its planned acquisition of DuPont Fabros Technology, Inc., according to an 8-K filed Monday with the Securities and Exchange Commission.
Digital Realty also entered into mortgage loan commitment letters and will use proceeds from any loan facilities obtained to pay costs related to the merger and to repay some DuPont Fabros debt.
However, Digital Realty has not yet entered into a definitive agreement for the debt financing or secured alternative financing, the filing noted.
The all-stock transaction, valued at $7.6 billion, including the assumption of debt, is expected to close in the second half of 2017, as previously announced.
Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco. DuPont Fabros is a Washington, D.C.-based real estate investment trust that focuses on wholesale data centers.
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