DuPont Fabros talks $600 million eight-year senior notes at 6% area; pricing expected Thursday

By Paul A. Harris

Portland, Ore., Sept. 12 - DuPont Fabros Technology LP, a subsidiary of DuPont Fabros Technology, Inc., talked its $600 million offering of eight-year senior notes (expected Ba1/confirmed BB) to yield in the 6% area, a market source said on Thursday.

Books close at 1:30 p.m. ET on Thursday, and the deal is set to price thereafter, the source added.

Goldman Sachs & Co., RBC Capital Markets, SunTrust Robinson Humphrey Inc., Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets are the joint bookrunners.

The Rule 144A with registration rights notes come with three years of call protection.

The Washington, D.C.-based real estate investment trust plans to use the proceeds, together with cash on hand, to take out its 8½% senior notes due 2017.

DuPont Fabros focuses on wholesale data centers.

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