SAN FRANCISCO, March 29, 2012 /PRNewswire/ — Digital Realty Trust, Inc. (the “Company” or “Digital Realty”) (NYSE: DLR) today announced the pricing of an underwritten public offering of 7.0 million shares of 6.625% Series F Cumulative Redeemable Preferred Stock at a price of $25.00 per share for gross proceeds of $175.0 million. The offering is expected to close on April 5, 2012, subject to closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its 6.625% Series F Cumulative Redeemable Preferred Stock to cover over-allotments, if any. The Company intends to apply to list the shares on the New York Stock Exchange.
The Company intends to contribute the net proceeds from this offering to its operating partnership, Digital Realty Trust, L.P., which will subsequently use the net proceeds received from the Company to temporarily repay borrowings under its global revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, for general corporate purposes, including potentially for the repurchase, redemption or retirement of outstanding debt or preferred equity securities, or a combination of the foregoing. 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.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department (email: email@example.com); Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220 (telephone: 1-800-831-9146 or email: firstname.lastname@example.org); Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department (telephone: 1-866-718-1649 or email: email@example.com); or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, (telephone: 800-326-5897 or email: firstname.lastname@example.org).
This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy with respect to any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
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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