Digital Realty unit to price euro green notes due 2022, 2025 and 2030

By Rebecca Melvin

New York, Jan. 8 – Digital Realty Trust Inc. said Digital Dutch Finco BV, its wholly owned indirect finance subsidiary, has begun an offering of three series of euro-denominated green notes due 2022, 2025 and 2030.

The company plans to allocate equal amounts of the proceeds from the 2025 and 2030 notes to finance part or all of its recently completed or future green building, energy and resource efficiency and renewable energy projects, including the development and redevelopment of those projects. The proceeds from these notes may also be used for the repayment of debt of InterXion Holding NV or its subsidiaries, according to a company release.

The proceeds of the 2022 notes are earmarked to repay borrowings outstanding under the operating partnership’s global credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term interest-bearing securities and provide working capital and other general corporate purposes, including potentially for the repayment of other debt or the repurchase of its outstanding debt or equity securities.

The euro notes will be issued under Regulation S.

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

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