Digital Realty Trust Prices Offering

Digital Realty Trust shares were up almost 2% Wednesday after the company said that its Digital Stout Holding subsidiary priced an offering of GBP600 million ($773.3 million) guaranteed notes in two series. The offering consists of GBP250 million principal amount of 2.75% notes due 2024 and GBP350 million principal amount of 3.3% notes due 2029.

The company intends to use the net proceeds for debt repayments, acquisitions, to fund development opportunities, and to provide for working capital and other general corporate purposes. The offering is expected to close on July 21.

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