The Euro Notes will be senior unsecured obligations of Digital Dutch Finco B.V. and will be fully guaranteed by the company and the operating partnership.
The data centre giants said that interest on the 2032 Notes will be payable annually in arrears at a rate of 1.00% per annum from and including September 23, 2020, and will mature on January 15, 2032.
Closing of each offering is expected to occur on September 23, 2020, subject to the satisfaction of customary closing conditions.
The company intends to allocate an amount equal to the net proceeds from the offering of the 2032 Notes to finance or refinance.
Pending the allocation of the net proceeds of the 2032 Notes to eligible green projects, all or a portion of an amount equal to the net proceeds from the 2032 Notes may be used to temporarily repay borrowings outstanding under the operating partnership's global revolving credit facilities.
Digital Realty intends to use the net proceeds from the offering of the 2022 Notes to fund the potential redemption in full of Digital Stout Holding, LLC's 4.750% Guaranteed Notes Due 2023.
The company is also considering to use the proceeds to temporarily repay borrowings outstanding under the operating partnership's global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities.
The Euro Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended.
