Digital Realty adds $450 million to credit facility


The company this week announced that it has amended, extended, and upsized its existing from $3.75 billion senior unsecured multi-currency global revolving credit facility to $4.2 billion.

The maturity date was extended by three years and total availability was expanded by $450 million.

The $4.2 billion global revolving credit facility now matures in January 2029 and has two six-month extension options, subject to certain conditions.

In addition, Digital Realty has the ability to increase the global revolving credit facility by up to $1.8 billion, including incremental term loan capacity.

The company also amended, extended, and upsized its existing Japanese yen-denominated senior unsecured revolving credit facility. The original ¥33.285 ($226.7m) billion facility has increased to ¥42.511 billion ($297m), while the maturity date was extended by three years to January 2029 and also has two-six-month extension options. Digital also has the ability to increase this credit facility up to an additional ¥60 billion ($418 million).

The revolving credit facilities continue to feature a sustainability-linked pricing component, with pricing subject to annual performance targets.

Matt Mercier, Digital Realty’s chief financial officer said the company was “very pleased” with the support it had received from its lenders. He said: “The refinancing was well oversubscribed, with commitments from an extensive collection of world-class financial institutions.

“The refinancing demonstrates the institutional lender community’s continued confidence in our balance sheet and renewed sponsorship of our global data center platform, while providing us with increased financial flexibility as we continue to prudently invest in the growth of our global portfolio.”

Funds from the combined facilities may be drawn in US, Canadian, Singapore, Australian, and Hong Kong dollars, as well as euro, pound sterling, Swiss francs, Japanese yen, Indonesian rupiah, and Korean won denominations.