AUSTIN,
Texas, May 8, 2024 /PRNewswire/ -- Digital Realty
(NYSE: DLR), the largest global provider of cloud- and
carrier-neutral data center, colocation and interconnection
solutions, announced today it has priced an underwritten registered
public offering of 10,500,000 shares of its common stock for
expected gross proceeds of approximately $1,470 million.
BofA Securities, Citigroup Global Markets Inc. and J.P. Morgan
Securities LLC are acting as joint-bookrunning managers for the
public offering.
As part of the offering, the Company also granted the
underwriters a 30-day option to purchase up to an additional
1,575,000 shares of the company's common stock. The offering is
expected to close on May 10, 2024,
subject to customary closing conditions.
The Company intends to contribute the net proceeds from this
offering to its operating partnership, which will subsequently use
the net proceeds to temporarily repay borrowings outstanding under
its global revolving credit facilities, acquire additional
properties or businesses, fund development opportunities, and to
provide for working capital and other general corporate purposes,
including potentially for the repayment of other debt or the
repurchase, redemption, or retirement of outstanding debt
securities, or a combination of the foregoing.
The offering is being made pursuant to an effective shelf
registration statement (containing a prospectus) filed with the
Securities and Exchange Commission (the "SEC"). A final
prospectus supplement relating to the offering will be filed with
the SEC and will be available on the SEC's website at
http://www.sec.gov. A copy of the prospectus supplement and
accompanying prospectus relating to the offering may be obtained,
when available, by contacting BofA Securities, NC1-022-02-25, 201
North Tryon Street, Charlotte, NC 28255-0001, Attn:
Prospectus Department, by email at dg.prospectus_requests@bofa.com;
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 (Tel:
800-831-9146); and J.P. Morgan Securities LLC, Attention:
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or other jurisdiction.
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 communities that
matter to them with a global data center footprint of 300+
facilities in 50+ metropolitan areas across 25+ countries on six
continents.
For Additional Information
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 that 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
the timing and closing of the offering and the expected use of
proceeds. For a list and description of such risks and
uncertainties, see the reports and other filings by Digital Realty
Trust, Inc. and Digital Realty Trust, L.P. with the SEC, including
Digital Realty Trust, Inc. and Digital Realty Trust, L.P.'s
combined Annual Report on Form 10-K for the year ended December 31, 2023 and other documents
subsequently filed by the Company with the SEC. 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