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Monday, Aug 19
Digital Realty refinances for better terms
- DLR's refinancing offers the company better pricing, extended maturities, and $450M of increased commitments to more than $3B - the 5th largest unsecured credit facilities among U.S. REITs.
- The $2B Global Revolving Credit Facility rate is reduced 15 bps to 110 bps over the applicable index, and the $1B Multi-Currency Term Loan Loan rate is cut 25 bps to 120 bps over.
- Source: Press release.