Digital Realty Trust Inc.'s operating partnership, Digital Realty Trust LP, launched an offering of an unknown amount of senior notes due 2028, subject to market and other conditions.
The company will use the net proceeds from the offering to repay outstanding amounts under the operating partnership's global revolving credit facility, to acquire properties or businesses and to fund development opportunities. The funds will also be used as working capital and for general corporate purposes, including possible repayment of debt or repurchase, redemption or retirement of outstanding securities.
The data center real estate investment trust will guarantee the notes.
The San Francisco-based company also said it opened a third data center near Toronto at One Century Place in Vaughan, Ontario. The facility can provide up to 46 megawatts of power capacity to Greater Toronto, according to a release.