Digital Realty (DLR) Prices Upsized 10M Common Offering at $72.25/Share
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Digital Realty Trust, Inc. (NYSE: DLR) has priced an upsized public offering of 10,000,000 shares of its common stock at a price of $72.25 per share, for net proceeds of approximately $692.8 million after underwriting discounts and commissions and estimated offering expenses (or approximately $796.8 million if the underwriters' option to purchase additional shares is exercised in full).
The Company originally planned to sell about 8.25 million shares.
Digital Realty has granted the underwriters the option to purchase up to an additional 1,500,000 shares of common stock. The offering is expected to close on or about July 2, 2012. The offering is being made pursuant to an effective shelf registration statement, prospectus and related preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission.
The Company originally planned to sell about 8.25 million shares.
Digital Realty has granted the underwriters the option to purchase up to an additional 1,500,000 shares of common stock. The offering is expected to close on or about July 2, 2012. The offering is being made pursuant to an effective shelf registration statement, prospectus and related preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission.
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