Digital Realty Announces Pricing of €850.0 million of Guaranteed Notes due 2033
Digital Realty (NYSE: DLR) announced the pricing of €850.0 million aggregate principal amount of 3.875% Guaranteed Notes due 2033 through its subsidiary Digital Dutch Finco B.V. The notes, priced at 99.843% of the principal amount, will be senior unsecured obligations fully guaranteed by Digital Realty and its operating partnership. Interest will be payable annually at 3.875% per annum, with maturity on September 13, 2033.
The company plans to allocate the net proceeds to finance or refinance various green projects, including renewable energy, energy efficiency, and sustainable management initiatives. Pending allocation, funds may be used to repay credit facility borrowings, acquire properties, fund development, or for general corporate purposes.
Digital Realty (NYSE: DLR) ha annunciato il prezzo di 850,0 milioni di euro di obbligazioni garantite con un tasso del 3,875% in scadenza nel 2033 tramite la sua controllata Digital Dutch Finco B.V. Le obbligazioni, prezzate al 99,843% dell'importo principale, saranno obbligazioni senior non garantite completamente garantite da Digital Realty e dalla sua partnership operativa. Gli interessi saranno pagabili annualmente al 3,875% annuo, con scadenza il 13 settembre 2033.
L'azienda prevede di destinare il ricavato netto per finanziare o rifinanziare vari progetti verdi, inclusi energia rinnovabile, efficienza energetica e iniziative di gestione sostenibile. In attesa di destinazione, i fondi possono essere utilizzati per ripagare prestiti di linee di credito, acquisire proprietà, finanziare sviluppi o per scopi aziendali generali.
Digital Realty (NYSE: DLR) anunció la fijación del precio de 850,0 millones de euros en Bonos Garantizados al 3,875% con vencimiento en 2033 a través de su filial Digital Dutch Finco B.V. Los bonos, fijados en el 99,843% del monto principal, serán obligaciones no garantizadas senior totalmente garantizadas por Digital Realty y su sociedad operativa. El interés se pagará anualmente al 3,875% anual, con vencimiento el 13 de septiembre de 2033.
La empresa planea destinar los ingresos netos a financiar o refinanciar varios proyectos verdes, incluidos energía renovable, eficiencia energética e iniciativas de gestión sostenible. A la espera de su asignación, los fondos pueden utilizarse para pagar préstamos de líneas de crédito, adquirir propiedades, financiar desarrollos o para propósitos corporativos generales.
디지털 리얼티 (NYSE: DLR)는 자회사인 디지털 덕치 핀코 B.V.를 통해 2033년 만기 3.875% 보장 채권 총액 8억 5천만 유로의 가격을 발표했습니다. 이 채권은 원금의 99.843%로 가격이 책정되었으며, 디지털 리얼티와 그 운영 파트너십에 의해 완전히 보장된 선순위 비보장 채무가 될 것입니다. 이자는 연간 3.875%로 지급됩니다, 만기는 2033년 9월 13일입니다.
회사는 순수익의 자금을 재생 가능 에너지, 에너지 효율성 및 지속 가능한 관리 이니셔티브 등 다양한 친환경 프로젝트를 금융 또는 재융자하는 데 사용할 계획입니다. 자금 할당이 보류되는 동안, 자금은 신용 시설 대출 상환, 자산 인수, 개발 자금 조달 또는 일반 기업 목적에 사용될 수 있습니다.
Digital Realty (NYSE: DLR) a annoncé la tarification d'un montant principal total de 850,0 millions d'euros d'Obligations Garantiess à 3,875% arrivant à échéance en 2033 par l'intermédiaire de sa filiale Digital Dutch Finco B.V. Les obligations, fixées à 99,843% du montant principal, seront des obligations senior non garanties entièrement garanties par Digital Realty et son partenariat opérationnel. Les intérêts seront payables annuellement au taux de 3,875% par an, avec une échéance au 13 septembre 2033.
La société prévoit d'allouer les produits nets pour financer ou refinancer divers projets verts, y compris l'énergie renouvelable, l'efficacité énergétique et des initiatives de gestion durable. En attendant leur attribution, les fonds peuvent être utilisés pour rembourser des emprunts de lignes de crédit, acquérir des propriétés, financer des développements ou pour des objectifs d'entreprise généraux.
Digital Realty (NYSE: DLR) hat die Preisgestaltung von 850,0 Millionen Euro an garantierten Anleihen mit einem Zinssatz von 3,875% und einer Fälligkeit im Jahr 2033 über ihre Tochtergesellschaft Digital Dutch Finco B.V. bekannt gegeben. Die Anleihen, die zu 99,843% des Nennbetrags bepreist wurden, sind unbesicherte Senior-Anleihen, die vollständig von Digital Realty und ihrer operativen Partnerschaft garantiert werden. Zinsen werden jährlich zu 3,875% pro Jahr fällig, mit Fälligkeit am 13. September 2033.
Das Unternehmen plant, die Nettoerlöse zur Finanzierung oder Refinanzierung verschiedener grüner Projekte zu verwenden, einschließlich erneuerbarer Energie, Energieeffizienz und nachhaltigen Managementinitiativen. Bis zur Zuweisung können die Mittel zur Rückzahlung von Kreditaufnahmen, zum Erwerb von Immobilien, zur Finanzierung von Entwicklungen oder zu allgemeinen Unternehmenszwecken verwendet werden.
- Successful pricing of €850.0 million in Guaranteed Notes, demonstrating strong market access
- Notes priced at 99.843% of principal amount, indicating favorable terms
- Allocation of proceeds to green projects, potentially enhancing ESG profile
- Flexibility in use of proceeds for various corporate purposes, including debt repayment and acquisitions
- Additional long-term debt obligation with 3.875% annual interest rate
- Potential increase in overall debt levels, depending on use of proceeds
Insights
Digital Realty's
The allocation of proceeds towards green projects aligns with growing ESG trends, potentially attracting environmentally conscious investors. However, investors should note the flexibility in fund usage, including debt repayment and acquisitions. This could impact the company's leverage and growth strategies. Overall, this move provides Digital Realty with increased financial flexibility to pursue strategic initiatives in the data center market.
Digital Realty's commitment to allocate the notes' proceeds to green projects is a strong positive signal for ESG-focused investors. The company's focus on renewable energy, energy efficiency and sustainable water management aligns with critical environmental priorities. This move could enhance Digital Realty's ESG ratings and attract sustainability-minded investors.
However, the lack of specific allocation targets or timelines for these green initiatives leaves room for scrutiny. Investors should monitor the actual deployment of funds to ensure alignment with stated environmental goals. The company's approach to green financing could set a benchmark in the data center industry, potentially influencing sector-wide sustainability practices.
This financing move by Digital Realty, the largest global provider of data center solutions, reflects the ongoing expansion and capital-intensive nature of the data center industry. The substantial
The focus on green projects is particularly noteworthy, as data centers are energy-intensive operations. By investing in renewable energy and energy efficiency, Digital Realty is addressing a key industry challenge. This could lead to long-term cost savings and improved competitiveness. Investors should view this as a strategic move to future-proof operations in an increasingly environmentally conscious market.
The Euro Notes will be senior unsecured obligations of Digital Dutch Finco B.V. and will be fully and unconditionally guaranteed by the company and the operating partnership. Interest on the Euro Notes will be payable annually in arrears at a rate of
The company intends to allocate an amount equal to the net proceeds from the offering of the Euro Notes to finance or refinance, in part or in full, new and/or existing renewable energy, energy efficiency, pollution prevention and control, environmentally sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, clean transportation, sustainable water and wastewater management, climate change adaptation and green building projects, including the development and redevelopment of such projects. Pending the allocation of the net proceeds of the Euro Notes to eligible green projects, all or a portion of an amount equal to the net proceeds from the Euro Notes may be used to temporarily repay borrowings outstanding under the operating partnership's global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the company's intention to qualify as a REIT for
The Euro Notes are being sold only outside
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the timing and consummation of the offering of the Euro Notes and the expected use of the net proceeds. The company can provide no assurances that it will be able to complete the offering on the anticipated terms, or at all. For a further list and description of such risks and uncertainties, see the company's reports and other filings with the
Reg S Statement
This communication is not an offer to sell or a solicitation of an offer to buy securities of Digital Realty Trust, Inc. or its subsidiaries. The securities have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of
Notice to EEA Investors
The Euro Notes are not intended to be offered, sold or otherwise made available to and, with effect from such date, should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the "EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU (as amended, the "IMD"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. No key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling any in scope instrument or otherwise making such instruments available to retail investors in the EEA has been prepared. Offering or selling the Euro Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. This communication has been prepared on the basis that any offers or sales of Euro Notes in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 (as amended or superseded, the "Prospectus Regulation") from the requirement to publish a prospectus for offers or sales of Euro Notes. This communication is not a prospectus for the purposes of the Prospectus Regulation.
Notice to
This announcement is for distribution only to, and is directed at, persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Promotion Order, (iii) are outside the
The Euro Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the
Relevant stabilization regulations including FCA/ICMA apply. Manufacturer target market (MIFID II and
Investor Relations
Jordan
Investor Relations
Digital Realty
(737) 281-0101
InvestorRelations@digitalrealty.com
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SOURCE Digital Realty Trust
FAQ
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