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Digital Realty Announces Closing Of Common Stock Offering

Stocks in this article: DLR





SAN FRANCISCO, July 2, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (the "Company" or "Digital Realty") (NYSE: DLR) today announced the closing of a public offering of 11,500,000 shares of its common stock, including 1,500,000 shares issued upon exercise of the underwriters' option to purchase additional shares, which was exercised in full, at a price of $72.25 per share, for net proceeds of approximately $796.8 million after deducting underwriting discounts and commissions and estimated offering expenses. All of the shares were offered by Digital Realty and were issued under Digital Realty's currently effective shelf registration statement filed with the Securities and Exchange Commission.

Digital Realty intends to contribute the net proceeds from the offering to its operating partnership, Digital Realty Trust, L.P., which intends to use the net proceeds from the offering to fund a portion of the purchase price for the acquisition of a three-property data center portfolio located in the greater London area, referred to as the Sentrum Portfolio, or to temporarily repay borrowings under its global revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, for general working capital purposes, including potentially for the repurchase, redemption or retirement of outstanding debt or preferred securities, or a combination of the foregoing.

BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Morgan Stanley served as joint book-running managers for the offering. A final prospectus supplement related to the public offering has been filed with the Securities and Exchange Commission. Copies of the final prospectus supplement may be obtained from BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department (email: dg.prospectus_requests@baml.com); or Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220 (telephone: 1-800-831-9146 or email: batprospectusdept@citi.com).

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.

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