- Digital Realty (NYSE:DLR) has priced an underwritten offering of preferred stock.
- The company priced 12M shares of 5.2% Series L cumulative redeemable preferred stock with a liquidation preference of $25/share (OTCPK:DLRTP).
- That brings gross proceeds of $300M; net proceeds will go to "repay borrowings outstanding under its operating partnership's global revolving credit facility, acquire additional properties or businesses, fund development opportunities, and to provide for working capital and other general corporate purposes."
Digital Realty prices 12M-share preferred offering
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Symbol | Last Price | % Chg |
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DLR | - | - |
Digital Realty Trust, Inc. |