Digital Realty’s Dutch unit plans to price 11-year green notes

By Marisa Wong

Los Angeles, Sept. 14 – Digital Dutch Finco BV plans to price euro-denominated guaranteed green notes due 2032 along with euro-denominated floating-rate guaranteed notes due 2022, according to a notice.

The notes will be guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, LP.

Proceeds from the 2032 notes will be used to finance or refinance, in whole or in part, recently completed or future green building, energy and resource efficiency and renewable energy projects, including the development and redevelopment of those projects. Remaining proceeds may be used to repay debt under revolving credit facilities, among other things.

Proceeds from the 2022 notes will be used to repay in full Digital Stout Holding, LLC’s 4.75% guaranteed notes due 2023 or to temporarily repay revolver debt.

BofA and Deutsche Bank are the managers.

Digital Realty is a San Francisco-based real estate investment trust that invests in data centers.

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