Exhibit 99.2
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Digital Realty Announces Expiration 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 the expiration of the previously announced cash tender offer (the “Offer”) by Digital Realty Trust, L.P. (the “Issuer”), its operating partnership subsidiary, for any and all of its outstanding 5.875% Senior Notes due 2020 (CUSIP Nos. 25389JAH9, 25389JAE6, and U25389AA2 ) (the “Notes”). The Offer expired at 5:00 p.m., New York City time, on Thursday, January 17, 2019 (the “Expiration Date”). As of the expiration of the Offer, $350,123,000 or 70.02% of the $500,000,000 aggregate principal amount of the Notes had been validly tendered and not withdrawn in the Offer. The Issuer accepted for purchase all of the Notes validly tendered and delivered (and not validly withdrawn) in the Offer at or prior to the Expiration Date. Payment for the Notes purchased pursuant to the Offer is intended to be made on January 18, 2019 (the “Settlement Date”) or January 23, 2019 (the “Guaranteed Delivery Settlement Date”), as applicable.
The consideration to be paid under the Offer will be $1,022.81 per $1,000 principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Settlement Date or Guaranteed Delivery Settlement Date, as applicable. The total Offer consideration of $367,651,373.10 , including accrued and unpaid interest, will be funded from a portion of the net proceeds from the previously announced issuance and sale by Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the Issuer, of its Euro-denominated 2.500% Guaranteed Notes due 2026.
The Offer was made pursuant to the Issuer’s Offer to Purchase dated January 11, 2019, the related Letter of Transmittal and Notice of Guaranteed Delivery. BofA Merrill Lynch acted as Dealer Manager for the Offer. This press release is neither an offer to purchase nor a solicitation to buy any of the Notes nor is it a solicitation for acceptance of the Offer.
The Issuer intends to redeem all of the Notes that have not been tendered in the Offer and the anticipated redemption date will be February 19, 2019.
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.
For Additional Information:
Andrew P. Power
Chief Financial Officer
Digital Realty
(415)738-6500
Investor Relations
John J. Stewart / Maria S. Lukens
Digital Realty
(415)738-6500
investorrelations@digitalrealty.com