Digital Realty Finishes Refinancing of Global Revolving Credit Facility and Multi-Currency Term Loans

SAN FRANCISCO, CA --- Digital Realty publicized that it finished the refinancing of its global credit facilities.  The combined facilities total $3.3 billion USD, consisting of a $2.35 billion global revolving credit facility and approximately $916 million of multi-currency term loans.  The refinancing delivers funds for acquisitions, development, debt repayment, working capital and general corporate purposes.  In combination with the refinancing, pricing for the global revolving credit facility was tightened by 10 basis points at the company's BBB / Baa2 senior unsecured debt rating, the maturity date was extended by three years and total availability was expanded by $350 million.  The company also completed a five-year, ¥33.3 billion (approximately $300 million) Japanese yen-denominated revolving credit facility to fund capital requirements for the company's joint venture with Mitsubishi Corporation and for general corporate purposes.  The $2.35 billion global revolving credit facility matures in January 2023 and has two six-month extension options.  Pricing for the facility is based on the company's BBB / Baa2 senior unsecured debt rating and was lowered from 100 to 90 basis points over the applicable index for floating rate advances.  The annual facility fee is 20 basis points.  The $916 million term loans include a multi-currency unsecured term loan of approximately $512 million that matures in January 2023 with two six-month extension options; a $300 million unsecured term loan that matures in January 2023; and a $104 million secured term loan that matures in March 2023.  In addition, Digital Realty has the ability to increase the unsecured term loans and the global revolving credit facility, in any combination, by up to $1.25…