Digital Stout Holding LLC, a wholly owned subsidiary of Digital Realty Trust Inc.'s Digital Realty Trust LP operating partnership, raised an estimated £393.5 million in net proceeds from its issuance of £400 million in 3.750% guaranteed notes due Oct. 17, 2030.

The anticipated proceeds will be used to repay outstanding debt outside the global credit facilities of the operating partnership, buy additional properties or businesses, fund development opportunities and for working capital and general corporate expenditures, according to a filing.

The bonds, which are unconditionally guaranteed by the data center-focused real estate investment trust and the operating partnership, can be redeemed fully or partially from time to time at a price equivalent to 100% of the notes' principal amount plus accrued and unpaid interest.

Deutsche Bank AG's London branch, which functioned as the paying agent with respect to the offering, also acted as a transfer agent along with Deutsche Bank Luxembourg SA, which also served as registrar.