Digital Realty Announces Redemption of 4.750% Guaranteed Notes due 2023

Rhea-AI Summary

Digital Realty (NYSE: DLR) has announced its intention to redeem all outstanding 4.750% Guaranteed Notes due 2023, with a redemption date set for October 14, 2020. The redemption price includes par value, a make-whole premium, and accrued interest. Currently, £300,000,000 of these notes are outstanding. Deutsche Trustee Company Limited acts as the trustee, while Deutsche Bank AG, London Branch, serves as the paying agent. This move is part of Digital Realty's broader strategies to enhance its financial positioning in the data center sector.

Positive

• Intention to redeem the 4.750% Guaranteed Notes may improve financial stability.
• Redemption could potentially lower interest expenses in the future.

Negative

• None.

SAN FRANCISCO, Sept. 14, 2020 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that Digital Stout Holding, LLC, a wholly owned subsidiary of Digital Realty's operating partnership, has given notice of its intention to redeem all of its outstanding 4.750% Guaranteed Notes due 2023, pursuant to its option under the indenture governing the 4.750% notes, dated as of April 1, 2014.  The redemption date is October 14, 2020, and the applicable redemption price is equal to par plus a make-whole premium, plus accrued and unpaid interest thereon to, but not including, the redemption date.  As of the date hereof, there was £300,000,000 aggregate principal amount of the 4.750% notes outstanding.  Deutsche Trustee Company Limited is the trustee and Deutsche Bank AG, London Branch is the paying agent for 4.750% notes. 

About Digital Realty

Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.  

For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500  

Investor Relations
John J. Stewart
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com

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 of the redemption.  For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

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SOURCE Digital Realty

FAQ

What is Digital Realty's recent press release about?

Digital Realty announced its intention to redeem all outstanding 4.750% Guaranteed Notes due 2023, effective October 14, 2020.

When is the redemption date for Digital Realty's notes?

The redemption date for Digital Realty's 4.750% Guaranteed Notes is set for October 14, 2020.

What is the total amount of Digital Realty's 4.750% Guaranteed Notes outstanding?

As of the press release, there is £300,000,000 of the 4.750% Guaranteed Notes outstanding.

Who are the trustee and paying agent for Digital Realty's notes?

Deutsche Trustee Company Limited is the trustee, and Deutsche Bank AG, London Branch is the paying agent for the 4.750% notes.