Exhibit 99.1
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Digital Realty Announces Pricing of Tender Offer for Any and All of Digital Realty Trust L.P.’s Outstanding 5.875% Senior Notes Due 2020
San Francisco, CA – January 17, 2019 – Digital Realty Trust, Inc. (NYSE: DLR) (“Digital Realty”) announced today that Digital Realty Trust, L.P. (the “Issuer”), its operating partnership subsidiary, has priced the previously announced tender offer (the “Offer”) to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2020 (CUSIP Nos. 25389JAH9, 25389JAE6, and U25389AA2 ) (the “Notes”), which were issued by the Issuer and are fully and unconditionally guaranteed by Digital Realty, on the terms and subject to the conditions set forth in the Offer to Purchase, dated January 11, 2019, the related Letter of Transmittal and the Notice of Guaranteed Delivery (as they may each be amended or supplemented from time to time, the “Offer Documents”). The Issuer refers investors to the Offer Documents for the complete terms and conditions of the Offer.
Certain information regarding the Notes and the pricing for the Offer is set forth in the table below.
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Title of Security | | CUSIP Numbers | | Principal Amount Outstanding | | | U.S. Treasury Reference Security | | Bloomberg Reference Page | | | Reference Yield | | | Fixed Spread | | | Tender Offer Consideration (1)(2) | |
5.875% Senior Notes due 2020 | | 25389JAH9
25389JAE6 U25389AA2 | | $ | 500,000,000 | | | 2.00% U.S. Treasury due 01/31/2020 | | | FIT4 | | | | 2.569 | % | | | 37.5 bps | | | $ | 1,022.81 | |
(1) | Per $1,000 principal amount. |
(2) | Tender Offer Consideration calculated on the basis of pricing for the U.S. Treasury Reference Security as of 2:00 p.m., New York City time, on January 17, 2019. |
The “Tender Offer Consideration” listed in the table above for each $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Offer was determined in the manner described in the Offer Documents by reference to a fixed spread for the Notes specified in the table above plus the yield based on thebid-side price of the U.S. Treasury Reference Security specified in the table above at 2:00 p.m., New York City time, on January 17, 2019.
Holders will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the date the Issuer makes payment for such Notes, which date is anticipated to be January 18, 2019.
Holders of the Notes are urged to read the Offer Documents carefully before making any decision with respect to the Offer. Holders who would like additional copies of the Offer Documents may call the information agent, GBSC at (866)924-2200. Copies of the Offer Documents are also available at the following website:http://www.gbsc-usa.com/DigitalRealty. Questions regarding the terms of the Offer should be directed to BofA Merrill Lynch at (888)292-0070 (toll-free) or (980)387-3907 (collect).
This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes. The Offer is being made solely pursuant to the Offer Documents. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offer to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of the Issuer by BofA Merrill Lynch or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. The full details of the Offer, including complete instructions on how to tender Notes, are included in the Offer Documents.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.