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Digital Realty Trust nets $193M in series K preferred stock offering

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Digital Realty Trust nets $193M in series K preferred stock offering

Digital Realty Trust Inc. received net proceeds of approximately $192.7 million in its underwritten public offering of 8.0 million shares of 5.850% series K cumulative redeemable preferred stock, which closed March 13.

The data center real estate investment trust said earlier that it will use part of the net proceeds to repay outstanding borrowings under its operating partnership's global revolving credit facility.