Digital Realty Trust Commences Euro-Denominated Guaranteed Notes Offering

Strategic Insights -

Digital Realty Trust, Inc., a global provider of cloud and data center solutions, has commenced an offering of Euro-denominated Guaranteed Notes (the "Euro Notes") through its indirect wholly owned finance subsidiary, Digital Dutch Finco B.V. The offering aims to finance or refinance new and existing renewable energy, energy efficiency, and environmentally sustainable projects, with the net proceeds allocated to Eligible Green Projects.

The company plans to allocate an amount equal to the net proceeds from the Euro Notes to finance or refinance Eligible Green Projects, which include the development and redevelopment of projects focused on renewable energy, energy efficiency, pollution prevention, and climate change adaptation. The offering will be made outside the United States in reliance on Regulation S under the Securities Act, and the Euro Notes will not be registered under the Securities Act.

Key Takeaways:

  • Digital Realty Trust, Inc. is offering Euro-denominated Guaranteed Notes (Euro Notes) through its indirect wholly owned finance subsidiary, Digital Dutch Finco B.V.
  • The offering aims to finance or refinance new and existing renewable energy, energy efficiency, and environmentally sustainable projects.
  • The company plans to allocate an amount equal to the net proceeds from the Euro Notes to finance or refinance Eligible Green Projects, which include projects focused on renewable energy, energy efficiency, pollution prevention, and climate change adaptation.
  • The offering is subject to market and other conditions and will be made outside the United States in reliance on Regulation S under the Securities Act.
  • The final terms of the Euro Notes will be determined at the time of pricing.

Statistics:

  • The company intends to allocate an amount equal to the net proceeds from the offering of the Euro Notes to finance or refinance Eligible Green Projects.
  • The Euro Notes will be senior unsecured obligations of Digital Dutch Finco B.V. and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership.

Sources:

  • Digital Realty Trust, Inc. (Form 8-K filing)
  • Securities and Exchange Commission (SEC) regulations (Regulation S and Securities Act of 1933)
  • European Securities and Markets Authority (ESMA) guidelines on Euro-denominated Guaranteed Notes