Digital Realty unit to launch euro-denominated green bonds offer

By Susanna Moon

Chicago, Jan. 11 – Digital Realty Trust, Inc. said its Digital Euro Finco, LLC wholly owned indirect finance subsidiary plans to price euro-denominated green bonds under Regulation S.

Proceeds will be used to finance or refinance green building, energy and resource efficiency and renewable energy projects.

“Pending the allocation of an amount equal to the net proceeds of the euro notes to eligible green projects, all or a portion of an amount equal to the net proceeds may be used for the payment of outstanding indebtedness or other capital management activities,” according to a company announcement.

The debt to be redeemed or repaid will include the operating partnership's 5.875% senior notes due 2020 under a tender offer for the notes and may include borrowings under the operating partnership's global credit facilities, as well as other outstanding debt, the company added.

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

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