By Devika Patel
Knoxville, Tenn., Jan. 9 – Digital Realty Trust Inc.’s wholly owned indirect finance subsidiary, Digital Dutch Finco BV, priced €1.7 billion of notes in three tranches on Wednesday, according to an 8-K filed with the Securities and Exchange Commission.
A €300 million tranche of 0.125% notes due 2022 was sold.
Digital Realty sold €650 million of 0.625% notes due 2025.
In the final tranche, the company sold €750 million of 1.5% notes due 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 Jan. 8 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.
Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.
| Issuer: | Digital Dutch Finco BV
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| Amount: | €1.7 billion
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| Description: | Notes
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| Trade date: | Jan. 8
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| Settlement date: | Jan. 17
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| Distribution: | Regulation S
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| 2025 notes
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| Amount: | €300 million
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| Maturity: | 2022
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| Coupon: | 0.125%
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|
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| 2030 notes
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| Amount: | €650 million
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| Maturity: | 2025
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| Coupon: | 0.625%
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| 2050 notes
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| Amount: | €750 million
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| Maturity: | 2030
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| Coupon: | 1.5%
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