Digital Realty Announces Pricing of £150 million of Additional 3.750% Guaranteed Notes due 2030

SAN FRANCISCO, Feb. 26, 2019 /PRNewswire/ -- Digital Realty (the "Company") (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that Digital Stout Holding, LLC, a wholly owned subsidiary of the Company's operating partnership, Digital Realty Trust, L.P. (the "Operating Partnership"), priced an offering of £150 million aggregate principal amount of additional pounds sterling-denominated 3.750% Guaranteed Notes due 2030 (the "GBP Notes"). The GBP Notes will be senior unsecured obligations of Digital Stout Holding, LLC and will be fully and unconditionally guaranteed by the Company and the Operating Partnership. The GBP Notes will be issued as additional notes under the indenture dated October 17, 2018, pursuant to which the Company previously issued £400,000,000 in aggregate principal amount of its 3.750% Guaranteed Notes due 2030. The GBP Notes will be treated as a single series with the 3.750% Guaranteed Notes due 2030 previously issued under such indenture. Interest on the GBP Notes will be payable annually in arrears at a rate of 3.750% per annum from and including October 17, 2018, and the GBP Notes will mature on October 17, 2030. Settlement of the offering is expected to occur on March 5, 2019, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering of the GBP Notes to repay borrowings outstanding under the Operating Partnership's global credit facilities, acquire additional properties or businesses, fund development opportunities and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt or the repurchase, redemption or retirement of outstanding debt securities or preferred stock, or a combination of the foregoing.

The GBP Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The GBP Notes have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the GBP Notes, nor shall there be any offer, solicitation or sale of the GBP Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.