Seeking Alpha

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.
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