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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DuPont Fabros Technology, Inc. Announces Early Settlement Of Cash Tender Offer And Consent Solicitation For Its 8.5% Senior Notes Due 2017

Stocks in this article: DFT





WASHINGTON, Sept. 24, 2013 /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) (the "Company"), announced today the early settlement of the previously announced tender offer (the "Tender Offer") and solicitation of consents (the "Consent Solicitation") for all of the outstanding $550 million aggregate principal amount of 8.5% Senior Notes due 2017 (the "Notes") of DuPont Fabros Technology, L.P. (the "Operating Partnership"). The terms and conditions of the Tender Offer and the Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement, dated September 10, 2013 (as it may be amended or supplemented from time to time, the "Statement") and the related Consent and Letter of Transmittal (as it may be amended or supplemented from time to time, the "Letter of Transmittal"), which were previously distributed to holders of the Notes.

As of 5:00 p.m., New York City time, on September 23, 2013 (the "Early Tender Deadline"), $418,111,000 aggregate principal amount of the outstanding Notes (representing approximately 76.02% of the outstanding Notes) had been tendered. The Operating Partnership has exercised its option to accept for payment those Notes that were validly tendered at or prior to the Early Tender Deadline (the "Early Payment"). Such Early Payment occurred today concurrently with the closing of the Operating Partnership's private offering of $600 million aggregate principal amount of 5.875% Senior Notes due 2021.

As part of the Tender Offer and Consent Solicitation, the Operating Partnership solicited consents from the holders of the Notes for certain proposed amendments (the "Amendments") to certain terms of the indenture governing the Notes (as amended and supplemented, the "Indenture"). Adoption of the Amendments required consents from holders of more than 50% of the aggregate principal amount outstanding of the Notes (the "Requisite Consents").

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

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