The offering is being made pursuant to its shelf registration statement filed with the Securities and Exchange Commission. Digital Realty Trust will also grant the underwriters an option to purchase up to an additional 1,800,000 shares of Series D Cumulative Convertible Preferred Stock, solely to cover over-allotments.
Digital Realty Trust intends to utilize the net proceeds from the offering to temporarily repay borrowings under its credit facility. Consistent with Digital Realty Trust's growth strategy, Digital Realty Trust is actively pursuing multiple opportunities for potential acquisitions, with due diligence and negotiations at different stages of advancement. Digital Realty Trust intends to reborrow amounts under its credit facility from time to time to acquire additional properties, to fund development and redevelopment activities and for general corporate purposes.
Citi and Credit Suisse Securities (USA) LLC will be the joint book-running
managers for the offering. A preliminary prospectus supplement and final
prospectus supplement related to the offering will be filed with the
Securities and Exchange Commission. Copies of the preliminary prospectus
supplement and final prospectus supplement, when available, may be obtained
from Citi (Attention Prospectus Department, Brooklyn Army Terminal, 140 58th
Street, 8th floor,
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for
domestic and international tenants across a variety of industry verticals
ranging from information technology and internet enterprises, to manufacturing
and financial services. Digital Realty Trust's 70 properties, excluding one
property held as an investment in an unconsolidated joint venture, contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise datacenter tenants.
Comprising approximately 12.3 million rentable square feet, including 1.8
million square feet of space held for redevelopment, Digital Realty Trust's
portfolio is located in 26 markets throughout
For Additional Information: A. William Stein Pamela A. Matthews Chief Financial Officer and Investor/Analyst Information Chief Investment Officer Digital Realty Trust, Inc. Digital Realty Trust, Inc. (415) 738-6532 (415) 738-6500
SOURCE Digital Realty Trust, Inc.