Digital Realty Announces Pricing Of Common Stock Offering
SAN FRANCISCO, June 26, 2012 — Digital Realty Trust, Inc. (the “Company” or “Digital Realty”) (NYSE: DLR) today announced the pricing of a public offering of 10,000,000 shares of its common stock at a price of $72.25 per share, for net proceeds of approximately $692.8 million after underwriting discounts and commissions and estimated offering expenses (or approximately $796.8 million if the underwriters’ option to purchase additional shares is exercised in full). Digital Realty has granted the underwriters the option to purchase up to an additional 1,500,000 shares of common stock. The offering is expected to close on or about July 2, 2012. The offering is being made pursuant to an effective shelf registration statement, prospectus and related preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission.
Digital Realty intends to contribute the net proceeds from this offering to its operating partnership, Digital Realty Trust, L.P., which intends to use the net proceeds from the offering to fund a portion of the purchase price for the acquisition of a three-property data center portfolio located in the greater London area, referred to as the Sentrum Portfolio, or 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, including potentially for the repurchase, redemption or retirement of outstanding debt or preferred securities, or a combination of the foregoing.
BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Morgan Stanley are the joint book-running managers for the offering.
A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department (email: [email protected]); or Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220 (telephone: 1-800-831-9146 or email: [email protected]).
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement.
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 105 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 20.0 million square feet as of June 22, 2012, including 2.3 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia.