DIGITAL REALTY ANNOUNCES REDEMPTION OF 4.750% NOTES DUE 2025

Rhea-AI Summary

Digital Realty (NYSE: DLR) announced plans to redeem all outstanding 4.750% Notes due 2025. The total principal amount outstanding is $450 million. The redemption will occur on February 3, 2022, at par plus a make-whole premium and accrued interest. This action follows the terms set in the indenture from October 1, 2015. Computershare Trust Company acts as the trustee and paying agent for the notes. Digital Realty serves a global market with over 280 facilities in 25 countries, supporting data center solutions for enterprises and service providers.

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• Planning to redeem $450 million of 4.750% Notes, reducing outstanding debt.

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• None.

AUSTIN, Texas, Jan. 4, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that its operating partnership Digital Realty Trust, L.P. has given notice of its intention to redeem all of its outstanding 4.750% Notes due 2025, pursuant to its option under the indenture governing the notes, dated as of October 1, 2015. The redemption date is February 3, 2022, 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, in accordance with the terms of the notes. As of the date hereof, there was $450,000,000 aggregate principal amount of the notes outstanding.

Additional Information:
Computershare Trust Company, N.A. is the trustee and paying agent for the notes.

About Digital Realty
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 280 facilities in 49 metros across 25 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

For Additional Information:
Andrew P. Power
President and Chief Financial Officer
Digital Realty
+1 (415) 738-6500

Investor Relations
Jim Huseby
Digital Realty
+1 (415) 738-6500
investorrelations@digitalrealty.com

Safe Harbor Statement
This press release contains forward-looking statements that 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 redemption of the notes. For a list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. 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.

View original content:https://www.prnewswire.com/news-releases/digital-realty-announces-redemption-of-4-750-notes-due-2025--301453995.html

SOURCE Digital Realty

FAQ

What notes is Digital Realty redeeming?

Digital Realty is redeeming all outstanding 4.750% Notes due 2025.

When is the redemption date for the Digital Realty notes?

The redemption date is set for February 3, 2022.

What is the total amount of Digital Realty's notes being redeemed?

A total of $450 million in principal amount of the notes is being redeemed.

Who is the trustee for Digital Realty's notes?

Computershare Trust Company, N.A. is the trustee and paying agent for the notes.

What financial strategy is Digital Realty pursuing by redeeming these notes?

Digital Realty is reducing its outstanding debt by redeeming the notes.