This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

DuPont Fabros Technology, Inc. Announces Pricing Of Offering Of 2,600,000 Additional Shares Of Series B Cumulative Redeemable Perpetual Preferred Stock













WASHINGTON, January 13, 2012 /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) today announced that it has priced, in an underwritten public offering, 2,600,000 additional shares of its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock at $25 per share as part of the reopening of the Series B Preferred Stock of which 4,050,000 shares are currently outstanding.  In addition, the underwriters have been granted a 30-day option to purchase up to an additional 390,000 shares of Series B Preferred Stock.  Barclays Capital, Raymond James, Jefferies and Stifel Nicolaus Weisel acted as joint book-running managers, and KeyBanc Capital Markets acted as co-manager, for this offering.

The company estimates that the net proceeds from this offering, after the underwriting discount and estimated offering expenses payable by the company, will be approximately $62.6 million or approximately $72.0 million if the underwriters' option is exercised in full. The offering is expected to close on or about January 19, 2012, subject to customary closing conditions.

The company intends to use all of the net proceeds from this offering to repay outstanding borrowings under its $100 million revolving credit facility and for other general corporate purposes.

An automatic shelf registration statement with respect to this offering was previously filed with the Securities and Exchange Commission on November 4, 2010. A prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (888) 603-5847 or emailing to Barclaysprospectus@broadridge.com; or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, by calling (800) 248-8863, or emailing prospectus@raymondjames.com.

About DuPont Fabros Technology, Inc.

DuPont Fabros Technology, Inc. is a real estate investment trust (REIT) and leading owner, developer, operator and manager of wholesale data centers. The company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers which support many of their most critical business processes.  DuPont Fabros Technology, Inc. is headquartered in Washington, DC. 

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs