Unless otherwise indicated or unless the context requires otherwise, all references in this report to “we,” “us,” “our,” “our company,” “the company” or “Digital Realty” refer to Digital Realty Trust, Inc., together with its consolidated subsidiaries, including Digital Realty Trust, L.P., our “operating partnership.”
On January 5, 2021, Digital Realty announced that its operating partnership has elected to redeem the $350 million aggregate principal amount outstanding of its 2.750% Notes due 2023 (the “Notes”) on February 4, 2021 (the “Redemption Date”). The redemption price for the Notes is equal to the sum of (a) $1,047.09 per $1,000 principal amount of the Notes, or 104.709% of the aggregate principal amount of the Notes, plus (b) accrued and unpaid interest to, but excluding, the Redemption Date equal to $0.229167 per $1,000 principal amount of the Notes.
Wells Fargo Bank, National Association, as trustee for the Notes, issued a notice to registered holders of the Notes concerning the redemption. After such redemption, no Notes will remain outstanding. The foregoing does not constitute a notice of redemption with respect to the Notes.
A copy of the press release, dated January 5, 2021, announcing the redemption is attached hereto as Exhibit 99.1 and is incorporated in this Item 8.01 by this reference.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form
8-K
contains certain “forward-looking” statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are predictive in nature, that depend on or relate to future events or conditions, or that include words such as “believes”, “anticipates”, “expects”, “may”, “will”, “would”, “should”, “estimates”, “could”, “intends”, “plans” or other similar expressions are forward-looking statements. Forward-looking statements involve significant known and unknown risks and uncertainties that may cause the company’s actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements as a result of, but not limited to, the following factors: timing and consummation of the redemption of Notes; risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the redemption of Notes; and the impact of legislative, regulatory and competitive changes and other risk factors relating to the industries in which we operate, as detailed from time to time in each of our reports filed with the SEC. There can be no assurance that the proposed transactions will be consummated on the terms described herein or at all.
The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance. We discussed a number of additional material risks in our annual report on Form
10-K
for the year ended December 31, 2019, our quarterly report on Form
10-Q
for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and other filings with the Securities and Exchange Commission. Those risks continue to be relevant to our performance and financial condition. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise.
