Fitch rates Digital Intrepid notes BBB

Fitch Ratings said it assigned a BBB rating to the CHF-denominated senior unsecured notes to be issued by Digital Intrepid Holding BV. Digital Intrepid is an indirect, wholly owned subsidiary of Digital Realty Trust, LP. Digital Realty Trust Inc. and the partnership will guarantee the notes.

The proceeds will be used to prepay debt, amounts drawn on the revolving credit facility and for general corporate purposes, including funding future investment activity.

“Fitch views the issuance as a credit positive that enhances Digital's liquidity by lowering its weighted average interest rate and extending its maturity profile,” the agency said in a press release.

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