Digital Realty Trust has raised a total of $400 million in a sale of senior unsecured notes. The U.S. data centers owner and operator will use the proceeds from the offering to repay borrowings under its revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes. The bonds, which carry a coupon rate of 5.25%, will mature on March, 15, 2021. The joint book-running managers for the sale were Morgan Stanley, Citi, Merrill Lynch, Pierce, Fenner & Smith, Credit Suisse Securities (USA), and Deutsche Bank.
Click here for the release from PR Newswire.