Digital Realty Prices €1 Billion in Euro Notes Due 2036
Digital Realty's finance subsidiary priced €1 billion in 5.125% guaranteed notes maturing in 2036 at 99.289% of par.
Digital Realty Trust (NYSE: DLR), the world's largest cloud- and carrier-neutral data center operator, tapped European debt markets Monday with a €1 billion bond offering through its wholly owned indirect finance subsidiary, Digital Euro Finco, LLC.
The notes carry a coupon of 5.125% and mature in 2036, priced at 99.289% of their principal amount. The issuance was structured through Digital Realty's operating partnership, Digital Realty Trust, L.P., reflecting a common vehicle used by large real estate investment trusts to raise capital at the subsidiary level.
Read more Sacramento Region's Growth Outpaces Buildable Land Supply →
The pricing comes as data center operators face surging demand driven by cloud computing expansion and the rapid buildout of artificial intelligence infrastructure. Capital markets debt offerings allow firms like Digital Realty to lock in long-term financing to fund ongoing construction and acquisition activity across their global portfolios.
Digital Realty, headquartered in Austin, Texas, has positioned itself as a central node in the global digital infrastructure ecosystem, serving hyperscale cloud providers and telecommunications carriers. The ten-year euro-denominated structure provides the company access to a broad European institutional investor base while diversifying its funding currency away from the U.S. dollar.
Continue reading at GlobeNewswire - Mergers And Acquisitions.
