WASHINGTON (dpa-AFX) - Digital Realty Trust Inc. (DLR) announced that Digital Stout Holding, LLC, a wholly-owned subsidiary of its operating partnership, Digital Realty Trust, L.P., priced a private placement of £400 million aggregate principal amount of its 4.250% Guaranteed Notes due 2025.
The Notes will be senior unsecured obligations of Digital Stout Holding, LLC and will be fully and unconditionally guaranteed by the Company and the Operating Partnership. Interest on the Notes will be payable semiannually in arrears at a rate of 4.250% per annum.
The offering is expected to close on January 18, 2013, subject to the execution of a subscription agreement for the Notes and the satisfaction of certain closing conditions.
The company said it intends to use the net proceeds from the offering of the Notes to temporarily repay borrowings under its global revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, for general working capital purposes or a combination of the foregoing.
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