Digital Realty completes refinancing with new sustainability-linked global revolving credit facilities


AUSTIN, Texas, 22 November 2021 / PRNewswire / – Digital Realty (NYSE: DLR), the world’s largest provider of cloud and carrier neutral data center, colocation and interconnection solutions, today announced that it has changed, expanded and increased its ease of existing global revolving credit $ 2.35 billion To $ 3.0 billion.

Pricing was tightened by five basis points for the BBB / Baa2 senior unsecured debt rating, the maturity date was extended by three years, and total availability increased by $ 650 million. New $ 3.0 billion the global revolving credit facility matures in January 2027, assuming the exercise of two six-month extension options. In addition, Digital Realty has the possibility to expand the installation up to $ 1.5 billion.

Global revolving credit facilities now feature a sustainability pricing component, with prices subject to adjustment based on annual performance targets, once again demonstrating the company’s continued leadership and commitment to sustainable business practices.

Digital Realty also modified and extended its existing 33.3 billion euros (approximately $ 290 million) Revolving credit facility denominated in Japanese yen. The € 33.3 billion revolving credit facility also matures in January 2027, assuming the exercise of two six-month extension options. The price of the 33.3 billion yen facility is 50 basis points higher than the applicable index for floating rate advances, based on the BBB / Baa2 rating of the company’s senior unsecured debt. Digital Realty also has the capacity to increase the installation in yen up to an additional 60 billion yen (approximately $ 525 million).

“We are proud to link our corporate commitment to sustainability even closer to our global financing strategy, and we are delighted with the strong support from the global lending community for the overhaul of our credit facilities. credit, ”said the president and chief executive officer of Digital Realty. Financial director Andrew P. Power. “The refinancing was largely oversubscribed, with commitments from more than 25 financial institutions around the world. With the strong support of our loan group, we were able to increase the facility by $ 650 million and extend the maturity to January 2027, including expansion options. We believe that the successful refinancing underscores the perspective of the institutional lending community on the strength of our balance sheet and underlying business, while providing us with greater financial flexibility as we continue to prudently fund the growth of our global platform. ”

BofA Securities, Inc. and Citibank, NA, serve as sustainability structuring agents for the Global Revolving Credit Facility while Sumitomo Mitsui Banking Corporation serves as sustainability structuring agent for the Yen Revolving Credit Facility. “We applaud Digital Realty for the leadership it has shown in using the sustainability lending market to underscore its commitment to ESG,” said Alex Liftman, Global Environmental Executive of Bank of America. “Bank of America is delighted to have played a role in this important transaction. ”

The combined facility funds may be drawn in Australian dollars, British pounds sterling, Canadian dollars, euros, Hong Kong dollars, Japanese yen, Singapore dollars, the Indonesian rupiah, the Swiss franc and the Korean won as well as the US dollar.

“We would like to commend the efforts of Citibank, NA, BofA Securities, Inc. and JPMorgan Chase Bank, NA in their capacity as lead arrangers and joint book managers, which have led to the successful syndication of the Global Revolver,” said added Michael P. Brown, Senior Vice President, Treasury at Digital Realty. “We would also like to express our gratitude to the entire banking group for their unwavering support. Further, we would like to thank Sumitomo Mitsui Banking Corporation, MUFG Bank, LTD and Mizuho Bank, LTD’s efforts as joint lead arrangers and joint book managers of the Japanese Yen facility. ”

About Digital Realty
Digital Realty supports the world’s leading businesses and service providers with a full suite of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a reliable foundation and proven Pervasive Datacenter Architecture (PDx â„¢) solution methodology to scale digital business and effectively manage business challenges. data severity. Digital Realty’s global data center footprint enables customers to access the connected communities that matter to them with more than 280 installations in 49 subways across 25 countries on six continents. For more information, please visit or follow us on LinkedIn and Twitter.

For more information
Andrew P. Power
President and Chief Financial Officer
Digital real estate
(415) 738-6500

Investor Relations
John J. Stewart / Jim husseby
Digital real estate
(415) 738-6500
[email protected]

Safe Harbor Declaration
This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause results to be materially different from actual results, including statements relating to the use of the product of the facilities, at maturity dates and extension. options, and the ability to expand facilities. For a list and description of risks and uncertainties, please see the company’s reports and other documents filed with the United States Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Digital Realty

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