SAN FRANCISCO, Feb. 5, 2016 /PRNewswire/ -- Digital Realty Trust, Inc. (the "company") (NYSE: DLR) announced today that, together with its operating partnership subsidiary, Digital Realty Trust, L.P. (the "Operating Partnership"), it has commenced a registered exchange offer to exchange up to $500 million aggregate principal amount of the Operating Partnership's 3.400% Notes due 2020 and $450 million aggregate principal amount of the Operating Partnership's 4.750% Notes due 2025, which have been registered under the Securities Act of 1933, as amended (collectively, the "Exchange Notes"), for any and all of the Operating Partnership's outstanding 3.400% Notes due 2020 and 4.750% Notes due 2025, which were issued in a private placement in October 2015 (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.
The sole purpose of the exchange offer is to fulfill the obligations of the company and the Operating Partnership with respect to the exchange of the Private Notes and related guarantees for the Exchange Notes and related guarantees. Pursuant to a registration rights agreement entered into by the company and the Operating Partnership in connection with the sale of the Private Notes, the company and the Operating Partnership agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the Exchange Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for the Private Notes that are tendered by the holders of those notes.
Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest but will not retain any rights under the registration rights agreement except in limited circumstances.
The exchange offer will expire at 5:00 p.m., New York City time, on March 8, 2016, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus dated February 5, 2016.
The terms of the exchange offer are contained in the exchange offer prospectus. Requests for assistance or for copies of the exchange offer prospectus should be directed to Wells Fargo Bank, N.A., Corporate Trust Services, 608 2nd Avenue South, 12th Floor, Minneapolis, Minnesota 55402, Attention: Bondholder Communications.
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 offer will be made only by means of the written exchange offer prospectus.
For Additional Information: Andrew P. Power Chief Financial Officer Digital Realty Trust, Inc. (415) 738-6500
Investor Relations John J. Stewart / Maria S. Lukens Digital Realty Trust, Inc. (415) 738-6500 firstname.lastname@example.org
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, including statements related to the exchange offer. These risks and uncertainties include, among others, the following: 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; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical 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, 2014 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015, June 30, 2015 and September 30, 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.