Wholesale data center provider Digital Realty Trust is planning to sell $500 million in senior unsecured notes to a private group of investors through its subsidiary Digital Realty Trust L.P. The San Francisco-based company announced pricing of the offering on Thursday.
The company – one of the world’s largest real estate investment trusts that focus on data center properties – will use proceeds from the sale to repay debt and to continue pursuing its strategy of aggressive expansion through acquisition or redevelopment of existing data centers and development of new ones.
This is a second capital-related announcement DRT made this month. On Jan. 8, the trust announced a successful sale of $100 million in senior unsecured notes to Prudential Investment Management.
Since December, the company spent more than $438 million on property acquisitions, first announcing a purchase of three properties in Connecticut and Massachusetts and then three more in Virginia. Five of the four properties are functioning data centers with tenants and the fifth one is an undeveloped lot.
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Keywords: Digital Realty Trust, DRT, note offering, pricing, capital raise, data center expansion, wholesale data center | | 
