Digital Realty Upsizes Revolving Credit Facilities, Boosts Flexibility

Zacks10-02

Digital Realty DLR recently announced that it has refinanced and upsized its revolving credit facilities to $4.5 billion. This move strengthens the data center REIT’s strong financial flexibility. DLR...

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This move strengthens the data center REIT’s strong financial flexibility.\nDLR...</p>\n\n<a href=\"https://finance.yahoo.com/news/digital-realty-upsizes-revolving-credit-162900952.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital Realty Upsizes Revolving Credit Facilities, Boosts Flexibility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigital Realty Upsizes Revolving Credit Facilities, Boosts Flexibility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 00:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/digital-realty-upsizes-revolving-credit-162900952.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Digital Realty DLR recently announced that it has refinanced and upsized its revolving credit facilities to $4.5 billion. This move strengthens the data center REIT’s strong financial flexibility.\nDLR...</p>\n\n<a href=\"https://finance.yahoo.com/news/digital-realty-upsizes-revolving-credit-162900952.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4194","symbol_name":"办公房地产投资信托","start_time":0,"source_url":"https://finance.yahoo.com/news/digital-realty-upsizes-revolving-credit-162900952.html","article_id":"2472832175","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zmoJN6wa50FLkBP_Pycpvg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8416ac9fde0ef2eb53d31e00e785e189"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472832175","pubTimestamp":1727800140,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Digital Realty DLR recently announced that it has refinanced and upsized its revolving credit facilities to $4.5 billion. This move strengthens the data center REIT’s strong financial flexibility.DLR has amended, restated and extended its present $3.75 billion multi-currency global unsecured revolving credit facility to $4.2 billion, reflecting an expansion of $450 million.The $4.2 billion credit facility is set to mature in January 2029, with the possibility of a one-year extension to January 2030. DLR can extend its global revolving credit facility by $1.8 billion, including incremental term loan capacity.The aforementioned credit facility is set to mature in January 2029, with the possibility of a one-year extension to January 2030. DLR can extend this revolving credit facility by 60 billion  through a term loan facility.As per Matt Mercier, Digital Realty's CFO, \"The refinancing demonstrates the institutional lender community's continued confidence in our balance sheet and renewed ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4194":"办公房地产投资信托","BK4529":"IDC概念","LAMR":"拉马尔户外广告","BK4585":"ETF&股票定投概念","BK4222":"数据中心房地产信托","CUZ":"卡津斯不动产信托基金","DLR":"数字房地产信托公司","BK4223":"办公室房地产信托","BK4588":"碎股","BK4566":"资本集团","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托"},"translate_title":"Digital Realty扩大循环信贷额度，提高灵活性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUZ":1,"LAMR":1,"DLR":0.9},"content_text":"Digital Realty DLR recently announced that it has refinanced and upsized its revolving credit facilities to $4.5 billion. This move strengthens the data center REIT’s strong financial flexibility.\nDLR has amended, restated and extended its present $3.75 billion multi-currency global unsecured revolving credit facility to $4.2 billion, reflecting an expansion of $450 million.\nThe $4.2 billion credit facility is set to mature in January 2029, with the possibility of a one-year extension to January 2030. DLR can extend its global revolving credit facility by $1.8 billion, including incremental term loan capacity.\nDLR also amended, restated and extended its present ¥33.285 billion Japanese yen-denominated senior unsecured revolving credit facility to ¥42.511 billion (approximately $297 million). Given the current credit ratings of the company, the interest rate for this facility will be 50 basis points over the applicable index for floating rate advances.\nThe aforementioned credit facility is set to mature in January 2029, with the possibility of a one-year extension to January 2030. DLR can extend this revolving credit facility by ¥60 billion (approximately $418 million) through a term loan facility.\nAs per Matt Mercier, Digital Realty's CFO, \"The refinancing demonstrates the institutional lender community's continued confidence in our balance sheet and renewed sponsorship of our global data center platform, while providing us with increased financial flexibility as we continue to prudently invest in the growth of our global portfolio.\"\nDLR’s Solid Balance Sheet\nDigital Realty has a solid balance sheet with ample liquidity and diversified sources of capital. Its capital-recycling efforts aimed at bolstering balance sheet strength and driving long-term growth are encouraging. The latest refinancing and upsizing of its revolving credit facilities to $4.5 billion also augur well for its long-term growth.\nAs a result of its proactive balance-sheet management, Digital Realty exited the second quarter of 2024 with cash and cash equivalents of $2.82 billion. Its debt maturity schedule is well-laddered, with a weighted average maturity of 4.0 years and a 2.9% weighted average coupon as of June 30, 2024.\nShares of DLR have risen 19.2% year to date, outperforming the industry's upside of 9.8%.\nImage Source: Zacks Investment Research\nDigital Realty: In a Nutshell\nWith the growth in cloud computing, the Internet of Things and Big Data and an increasing number of companies opting for third-party IT infrastructure, data center REITs are experiencing a booming market.\nDigital Realty is well-poised to ride on this demand growth curve, given its accretive acquisitions, development efforts and balance-sheet strength.\nDLR, carrying a Zacks Rank #3 (Hold) at present, has a high-quality, diversified investment-grade customer base comprising tenants from the cloud, content, information technology, network, and other enterprise and financial industries, assuring stable revenue generation for the company.\nStocks to Consider\nSome better-ranked stocks from the REIT sector are Cousins Properties Incorporated CUZ and Lamar Advertising LAMR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for Cousins Properties’ ongoing year’s funds from operations (FFO) per share has increased marginally over the past month to $2.67.\nThe Zacks Consensus Estimate for Lamar Advertising’s 2024 FFO per share has moved marginally northward in the past two months to $8.09.\nNote: Anything related to earnings presented in this write-up represents FFO — a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLamar Advertising Company (LAMR) : Free Stock Analysis Report\nCousins Properties Incorporated (CUZ) : Free Stock Analysis Report\nDigital Realty Trust, Inc. (DLR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472832175"}