Digital Realty Announces Pricing of Senior Notes Offering

June 14, 2018

SAN FRANCISCO, June 14, 2018 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that its operating partnership, Digital Realty Trust, L.P., has priced an underwritten public offering of $650 million of 4.45% notes due 2028.  The notes will be senior unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc.  The notes were issued at 99.852% of par value, with a coupon of 4.45% and will mature on July 15, 2028.

The company intends to use the net proceeds to repay borrowings outstanding under its global revolving credit facility, to acquire additional properties or businesses, to fund development opportunities, to provide for working capital and other general corporate purposes, including the potential repayment of debt or the repurchase, redemption or retirement of outstanding debt or equity securities. 

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Jefferies LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC  are the joint book-running managers for the offering of the notes.

The offering of the notes was made under an effective shelf registration statement filed with the Securities and Exchange Commission.  A copy of the prospectus supplement and accompanying prospectus relating to the offering of the notes will be filed with the SEC and will be available by visiting the EDGAR database on the SEC's website at www.sec.gov

A copy of the prospectus supplement and the accompanying prospectus relating to the offering of the notes may be obtained, when available, by contacting: 

Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attn:  Prospectus Department
200 North College Street
NC1-004-03-43
Charlotte, NC  28255
(800) 294-1322
dg.prospectus_requests@baml.com

J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY  10179
Attn:  Investment Grade Syndicate Desk
Fax: (212) 834-6081

SMBC Nikko Securities America, Inc.
277 Park Avenue
New York, NY  10172
Attention: Debt Capital Markets
(888) 868-6856
prospectus@smbcnikko-si.com

U.S. Bancorp Investments, Inc.
214 N. Tryon St., 26th Floor
Charlotte, NC  28202
Attention: Credit Fixed Income
(877) 558-2607

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Digital Realty

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia.  Digital Realty's clients include domestic and international companies of all sizes, 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 / Maria S. Lukens
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com

Safe Harbor Statement

This press release contains forward-looking statements, including statements related to the offering of the notes and the expected use of the net proceeds therefrom.  These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the offering.  The company and the operating partnership 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 reports and other filings by the company and the operating partnership with the U.S. Securities and Exchange Commission, including their Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.  The company and the operating partnership disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

Cision View original content:http://www.prnewswire.com/news-releases/digital-realty-announces-pricing-of-senior-notes-offering-300666856.html

SOURCE Digital Realty

Contact IR

John Stewart
Senior Vice President, Investor Relations
(415) 848-9311
jstewart@digitalrealty.com

Maria S. Lukens
Vice President, Investor Relations
(415) 508-2807
mlukens@digitalrealty.com

Nina Bari
Analyst, Investor Relations
(415) 848-9415
nbari@digitalrealty.com

American Stock Transfer & Trust
Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
(800) 937-5449
www.amstock.com

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