Digital Realty Trust: Digital Realty extends credit facility

Digital Realty  this week announced that it has amended, extended, and upsized its existing $3.75 billion senior unsecured multi-currency global revolving credit facility to $4.2 billion. The maturity date was extended by three years and total availability was expanded by $450 million which now matures in January 2029 and has two six-month extension options, subject to certain conditions.

Matt Mercier, Digital Realty's chief financial officer said the company was "very pleased" with the support it had received from its lenders. He said: “The refinancing was well oversubscribed, with commitments from an extensive collection of world-class financial institutions. The refinancing demonstrates the institutional lender community's continued confidence in our balance sheet and renewed sponsorship of our global data center platform, while providing us with increased financial flexibility as we continue to prudently invest in the growth of our global portfolio.”

“We would like to acknowledge the efforts of BofA Securities, Inc., Citibank, N.A., and JPMorgan Chase Bank, N.A. in their capacity as joint lead arrangers and joint book-running managers, which led to the successful syndication of the global revolver,” added Michael P. Brown, Digital Realty's Senior Vice President, Treasury. “We would also like to extend our gratitude to the entire bank group for their overwhelming support. In addition, we would like to acknowledge Sumitomo Mitsui Banking Corporation, MUFG Bank, LTD, and Mizuho Bank, LTD's efforts in their capacity as joint lead arrangers and joint book-running managers of the Japanese Yen facility.”