Digital Realty Announces Common Stock Offering

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Digital Realty Trust (DLR) Prices 10.5M Common Stock Offering at $68/Share

July 15, 2015 6:25 AM EDT

Digital Realty Trust (NYSE: DLR) has priced an underwritten registered public offering of 10,500,000 shares of its common stock at a price of $68.00 per share, all of which are being offered in connection with the forward sale agreements described below. The offering is expected to... More

Digital Realty Trust (DLR) Commences 10.5M Common Stock Offering

July 14, 2015 6:50 AM EDT

Digital Realty Trust (NYSE: DLR) has commenced an underwritten registered public offering of 10,500,000 shares of its common stock in connection with the forward sales agreements described below.

BofA Merrill Lynch, Morgan Stanley and Citigroup are the joint book-running managers for the offering.

The company expects to enter into forward sale agreements with Bank of America, N.A., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (which are referred to as the forward purchasers) with respect to 10,500,000 shares of its common stock. In connection with the forward sale agreements, the forward... More