Digital Realty Prices 850 Million Euro Offering of Notes

MT Newswires Live09-10

Digital Realty (DLR) late Monday said its Digital Dutch Finco subsidiary priced an 850 million euro ($938.1 million) offering of 3.875% guaranteed notes maturing in September 2033 at 99.843% of par.

The data center hosting company said net proceeds from the offering will be used to fund new and existing renewable energy and other eligible green projects.

Digital Realty also may use a portion of the new funds to temporarily repay borrowings or acquire additional properties or businesses, among other uses. The notes were only sold outside the US, the company said.

Digital Realty shares were 2% higher in Monday's extended session.

Price: 152.31, Change: +2.97, Percent Change: +1.99

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