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Published on 6/17/2019 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Digital Realty calls 3.4% notes due 2020, 5.25% notes due 2021

By Wendy Van Sickle

Columbus, Ohio, June 17 – Digital Realty Trust, Inc. announced that operating partnership subsidiary Digital Realty Trust, LP called its $54,137,000 outstanding 3.4% notes due 2020 and its $116,595,000 outstanding 5.25% notes due 2021 guaranteed by Digital Realty.

The notes will be redeemed on July 17 at par plus a make-whole premium plus accrued interest, according to a news release.

Digital Reality held a recent tender offer for the notes, as previously reported. By the expiry of that offer, at 5 p.m. ET on June 14, $445,863,000, or 89.17%, of the 3.4% notes and $283,405,000, or 70.85%, of the 5.25% notes had been tendered.

Wells Fargo Bank, NA is the trustee and paying agent for the 2020 notes, and Deutsche Bank Trust Co. Americas is the trustee and paying agent for the 2021 notes.

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


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