AUSTIN,
Texas, Sept. 30, 2024 /PRNewswire/ -- Digital
Realty (NYSE: DLR), the leading global provider of cloud- and
carrier-neutral data center, colocation, and interconnection
solutions, announced today that it has amended, extended and
upsized its existing $3.75 billion
senior unsecured multi-currency global revolving credit facility to
$4.2 billion.
The maturity date of the global revolving credit facility was
extended by three years and total availability was expanded by
$450 million. The $4.2 billion global revolving credit facility now
matures in January 2029 and has two
six-month extension options, subject to certain conditions.
In addition, Digital Realty has the ability to increase the global
revolving credit facility by up to $1.8
billion, including incremental term loan capacity.
The Company also amended, extended, and upsized its existing
Japanese yen-denominated senior unsecured revolving credit
facility. The original ¥33.285 billion facility has increased
to ¥42.511 billion (approximately $297
million), while the maturity date was extended by three
years. The ¥42.511 billion revolving credit facility matures
in January 2029 and has two-six-month
extension options, subject to certain conditions. Pricing for
the ¥42.511 billion facility, based on the Company's BBB / Baa2
senior unsecured debt rating, is 50 basis points over the
applicable index for floating rate advances. Digital Realty
also has the ability to increase this credit facility up to an
additional ¥60 billion (approximately $418
million), including incremental term loan
capacity.
The revolving credit facilities continue to feature a
sustainability-linked pricing component whereby pricing is subject
to adjustment based on annual performance targets, further
demonstrating the Company's continued leadership and commitment to
ESG.
"We were very pleased by the strong support we received from the
global lending community for the refinancing of our existing
revolving credit facilities" said Matt
Mercier, Digital Realty's Chief Financial Officer.
"The refinancing was well oversubscribed, with commitments from an
extensive collection of world class financial institutions.
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."
Funds from the combined facilities may be drawn in U.S.,
Canadian, Singapore, Australian
and Hong Kong dollars, as well as
euro, pound sterling, Swiss francs, Japanese yen, Indonesian
rupiah, and Korean won denominations.
"We would like to acknowledge the efforts of BofA Securities,
Inc., Citibank, N.A., and JPMorgan Chase Bank, N.A. in their
capacity as joint lead arrangers and joint book running managers,
which led to the successful syndication of the global revolver,"
added Michael P. Brown, Digital
Realty's Senior Vice President, Treasury. "We would also like
to extend our gratitude to the entire bank group for their
overwhelming support. In addition, we would like to
acknowledge Sumitomo Mitsui Banking Corporation, MUFG Bank, LTD,
and Mizuho Bank, LTD's efforts in
their capacity as joint lead arrangers and joint book running
managers of the Japanese Yen facility."
About Digital Realty
Digital Realty brings companies
and data together by delivering the full spectrum of data center,
colocation and interconnection solutions. PlatformDIGITAL®, the
company's global data center platform, provides customers with a
secure data meeting place and a proven Pervasive Datacenter
Architecture (PDx®) solution methodology for powering innovation
and efficiently managing Data Gravity challenges. Digital Realty
gives its customers access to the connected data communities that
matter to them with a global data center footprint of 300+
facilities in 50+ metros across 25+ countries on six continents. To
learn more about Digital Realty, please visit
digitalrealty.com or follow us on LinkedIn and X.
For Additional Information
Matt Mercier
Chief Financial Officer
Digital Realty
+1 415 738 6500
mmercier@digitalrealty.com
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com
Safe Harbor Statement
This press release contains
forward-looking statements which are based on current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially,
including statements related to use of the proceeds from the
facilities, maturity dates and extension options, and ability to
increase the facilities. For a list and description of risks
and uncertainties, please see the Company's reports and other
filings with the U.S. Securities and Exchange Commission. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE Digital Realty