By Rebecca Melvin
New York, Sept. 15 – Digital Realty Trust LP’s wholly owned subsidiary, Digital Dutch Finco BV, priced £750 million of 1% green notes due 2032, according to an 8-K filing with the Securities and Exchange Commission.
The Regulation S notes will be guaranteed by Digital Realty Trust Inc. and Digital Realty Trust, the operating partnership.
The company plans to use proceeds from the notes to finance or refinance recently completed or future green building, energy and resource efficiency and renewable energy projects, including the development and redevelopment of eligible green projects.
The proceeds may also be used to temporarily repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with Digital Realty Trust Inc.’s intention to qualify as a real estate investment trust and to provide for working capital and other general corporate purposes.
Concurrently with the pricing of the 2032 notes, the company priced €300 million of floating-rate notes due 2022. The two notes offerings are not contingent upon one another. The proceeds of the 2022 notes are earmarked to fund the potential redemption of notes denominated in sterling or to temporarily repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities.
Deutsche Bank Luxembourg SA set the terms of the notes, with settlement expected to occur on Sept. 23.
Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.
| Issuer: | Digital Dutch Finco BV
|
| Guarantor: | Digital Realty Trust LP
|
| Description: | Green notes
|
| Amount: | £750 million
|
| Maturity: | 2032
|
| Bookrunner: | Deutsche Bank Luxembourg SA
|
| Coupon: | 1%
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 23
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
