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Digital Realty Trust, Inc. Closes $750 Million Senior Unsecured Multicurrency Term Loan

Wednesday, April 18, 2012 5:00 AM


SAN FRANCISCO, April 18, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, today announced that it closed a new $750 million U.S. dollar equivalent Senior Unsecured Multicurrency Term Loan.  The term loan matures in April 2017 and can be increased to up to a total of approximately $850 million U.S. dollar equivalent. Pricing is based on the Company's senior unsecured debt ratings and is currently 145 basis points over the applicable index for floating rate advances. Funds may be drawn in U.S, Singapore and Australian dollars, as well as Euro and Pound Sterling denominations with the option to add Hong Kong dollars and Yen upon an accordion exercise. The new term loan provides funds for acquisitions, repayment of indebtedness, development and redevelopment, working capital and general corporate purposes. Covenants are consistent with our Global Revolving Credit Facility.  

"We appreciate the lender confidence and strong demand for participation in our inaugural term loan, which was oversubscribed with commitments totaling nearly $1.2 billion received from 21 financial institutions, including 4 new lenders," said A. William Stein, CFO and Chief Investment Officer for Digital Realty. "Our balance sheet strength and excellent lender relationships continue to provide access to multiple capital sources.  This term loan aligns with the global reach of our business and further enhances our financial flexibility by providing us liquidity for potential acquisitions and development opportunities."

About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as of February 27, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia.


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