Digital Realty greenshoe exercised, raising redeemable preferreds to $103.5 million

By Caroline Salls

Pittsburgh, Feb. 9 - Digital Realty Trust Inc. said the underwriters of its recent offering of 8.50% series A cumulative redeemable preferred stock exercised the $13.5 million over-allotment option in full, raising the size of the deal to $103.5 million.

The Menlo Park, Calif.-based real estate investment trust originally priced $90 million of the securities on Feb. 4 with an 8.5% dividend.

Citigroup and UBS Investment Bank were the bookrunners.

Proceeds will be used to repay the company's revolving credit facility, to acquire other properties and for general corporate purposes.

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