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The following content is from an older version of this website, and may not display correctly.Digital Realty Trust, announced plans to sell 2,500,000 shares of common stock in an underwritten public offering to pay off its credit facility and invest in properties.
All of the shares will be issued under Digital Realty Trust's currently effective shelf registration statement filed with the Securities and Exchange Commission.
"The cpompany will use the proceeds to temporarily repay all or a portion of its borrowings under its revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes. Digital Realty Trust intends to reborrow amounts under its revolving credit facility from time to time to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes," the company said in a statement.
Credit Suisse Securities (USA) LLC will be the sole book-running manager for the offering. Digital Realty Trust will also grant the underwriter an option to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any.
All of the shares will be issued under Digital Realty Trust's currently effective shelf registration statement filed with the Securities and Exchange Commission.
"The cpompany will use the proceeds to temporarily repay all or a portion of its borrowings under its revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes. Digital Realty Trust intends to reborrow amounts under its revolving credit facility from time to time to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes," the company said in a statement.
Credit Suisse Securities (USA) LLC will be the sole book-running manager for the offering. Digital Realty Trust will also grant the underwriter an option to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any.