Digital Realty announces €500m pricing of euro-denominated bonds
The Euro Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended.
Digital Realty’s indirect wholly-owned subsidiary Digital Dutch Finco priced its €500 million offering of euro-denominated 1.250% guaranteed notes, due February 2031, and the expected closing date is June 26, 2020, according to reports.
The company said that the proceeds will be used to temporarily repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts/securities and general corporate purposes.
The Euro Notes will not be registered under the Securities Act and may not be offered or sold in the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements.
In January this year, Digital Realty announced that Digital Dutch Finco has commenced an offering of three series of Euro-denominated Guaranteed Notes due 2022, 2025 and 2030.
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The Euro Notes will be senior unsecured obligations of Digital Dutch Finco and will be fully and unconditionally guaranteed by the company and the operating partnership.
The news comes as the company also released its second annual Environmental, Social and Governance (ESG) Report, reporting the company’s ESG performance for 2019 and providing a comprehensive overview of its clean energy commitment, resource conservation, diversity and inclusion and other sustainable business practices.
“We are more committed than ever to managing our environmental impact by optimising our use of energy and natural resources – because it’s the right thing to do and it matters to our customers, investors and employees,” said A. William Stein, Chief Executive Officer, Digital Realty.
“We are proud of the extensive work we’ve put in over the last year to advance our goals and deliver sustainable growth for all of our stakeholders.”
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