Digital Realty Trust, Inc. and Digital Realty Trust, L.P. Announce Completion of Exchange Offers for Digital Realty Trust, L.P.'s 4.750% Notes due 2025 and 3.400% Notes due 2020

SAN FRANCISCO, March 16, 2016 /PRNewswire/ -- Digital Realty Trust, Inc. (the "company") (NYSE: DLR) announced today that it and its operating partnership subsidiary, Digital Realty Trust, L.P. (the "Operating Partnership"), have completed their registered offers to exchange up to $450 million aggregate principal amount of the Operating Partnership's 4.750% Notes due 2025 (the "2025 Exchange Notes") and up to $500 million aggregate principal amount of the Operating Partnership's 3.400% Notes due 2020 ("2020 Exchange Notes", and together with the 2025 Exchange Notes, the "Exchange Notes") that have each been registered under the Securities Act of 1933, as amended, for any and all of the Operating Partnership's outstanding 4.750% Notes due 2025 (the "2025 Privates Notes") and 3.400% Notes due 2020 (the "2020 Private Notes"), respectively, each of which were issued in private placements (collectively, the "Private Notes").  The Private Notes and the Exchange Notes are the senior unsecured obligations of the Operating Partnership and are fully and unconditionally guaranteed by the Company.

All $450 million aggregate principal amount of the 2025 Private Notes and all $500 million aggregate principal amount of the 2020 Private Notes were tendered and accepted for exchange prior to the applicable expiration times, as extended.

This press release shall not constitute an offer to sell or exchange any securities or a solicitation of an offer to buy or exchange any securities.  The exchange offers were made only by means of a written exchange offer prospectus dated February 5, 2016. 

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, among others, the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses, including Telx; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical and information security infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2015.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Digital Realty Trust, Inc.

Related Links

http://www.digitalrealtytrust.com