Digital Realty unit prices euro-denominated notes offering

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8 Apr, 2016 | 12:30

Author Moira Dickinson
Theme Real Estate

Digital RealtyTrust Inc. said April 8 that a unit of its operating partnership pricedan offering of €600 millionof 2.625% guaranteed notes due 2024.

The company plans to use net proceeds from the offering to temporarilyrepay borrowings under its global revolving credit facility.

The notes will be senior unsecured obligations of the unit, DigitalEuro Finco LLC, and will be fully and unconditionally guaranteed by DigitalRealty Trust Inc. and Digital Realty Trust LP.

The notes will mature in April 2024, and the offeringis expected to close April 15, subject to the execution of a subscription agreementfor the notes and the satisfaction of closing conditions.