In the News
July 16, 2008
Digital Realty Trust prices 5 million-share common stock offering
Digital Realty Trust Inc. said July 16 that it priced a public offering of five million shares of common stock at $38.42 per share.
After underwriting discounts and commissions and estimated offering expenses, the net proceeds will total approximately $183.9 million. The company could recognize approximately $211.6 million in net proceeds if the underwriters exercise the full 750,000-share overallotment option.
The offering is expected to close on July 21.
Digital Realty Trust said it will use proceeds from the offering to repay all or a portion of its borrowings under its revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, and for general corporate purposes.
Citi, Credit Suisse Securities (USA) LLC and Merrill Lynch & Co. serve as joint book-running managers for the offering.
Banc of America Securities LLC, Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., Raymond James & Associates Inc., RBC Capital Markets and UBS Investment Bank serve as co-managers.
