Digital Realty (NYSE: DLR) has announced the pricing of €850 million aggregate principal amount of 3.875% guaranteed notes due 2034 at a price of 99.137% of the principal amount. 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 at a rate of 3.875% per annum from and including June 25, 2025, and will mature on July 15, 2034.
The company intends to use the net proceeds from the euro notes for various purposes, including temporarily repaying borrowings outstanding under the operating partnership’s global revolving credit facilities, acquiring additional properties or businesses, funding development opportunities, investing in interest-bearing accounts and short-term, interest-bearing securities, and providing for working capital and other general corporate purposes.
The euro notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933. They have not been and will not be registered under the Securities Act and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from registration requirements.
The offering is expected to close on June 25, 2025, subject to the satisfaction of customary closing conditions. Today the company's shares have moved 0.0% to a price of $176.06. For more information, read the company's full 8-K submission here.
