SAN FRANCISCO, Sept. 4, 2012 — Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today that it has expanded its global revolving credit facility from $1.5 billion to $1.8 billion pursuant to the accordion feature under the facility.
The global revolving credit facility continues to operate pursuant to its existing terms and conditions and provides funds for acquisitions, development, redevelopment, debt repayment, working capital and global expansion. Funds may be drawn in U.S, Canadian, Singapore, Australian and Hong Kong dollars, as well as Euro, Pound Sterling, Swiss Franc and Japanese yen denominations. It matures in November 2015, has a one-year extension option, and can be increased to up to a total of approximately $2.25 billion U.S. dollar equivalent. Pricing is based on the Company’s senior unsecured debt ratings and is currently 125 basis points over the applicable index for floating rate advances plus a 25 basis point annual facility fee. Covenants generally are consistent with other BBB rated REITs.
“We exercised $300 million USD equivalent of the global revolving credit facility’s $750 million USD equivalent accordion feature to further enhance our financial flexibility and provide us with additional liquidity, primarily for our U.S. and European properties and capital program,” said A. William Stein, Chief Financial Officer and Chief Investment Officer for Digital Realty. “This is consistent with our ongoing strategy of bolstering our financial resources at the most favorable pricing available in the market.”
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 108 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 20.8 million square feet as of July 25, 2012, including 2.2 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 32 markets throughout Europe, North America, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at http://www.digitalrealty.com.