Digital Realty Secures $3B Credit Facility
Ticker: DLR-PL · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1297996
| Field | Detail |
|---|---|
| Company | Digital Realty Trust, Inc. (DLR-PL) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: debt, financing, credit-facility
TL;DR
DRT just snagged a $3B credit line, replacing the old $2.5B one, maturing in 2029. More cash for growth!
AI Summary
Digital Realty Trust, Inc. announced on September 9, 2024, that it has entered into a new unsecured revolving credit facility with a total commitment of $3.0 billion. This facility replaces its previous $2.5 billion credit facility and matures on March 31, 2029. The new facility includes an accordion feature allowing for an increase in commitments up to $4.0 billion.
Why It Matters
This expanded credit facility provides Digital Realty with increased financial flexibility and liquidity to support its ongoing operations and strategic growth initiatives.
Risk Assessment
Risk Level: low — Securing a larger credit facility is generally a positive sign of financial health and operational stability.
Key Numbers
- $3.0B — New Credit Facility (Increased liquidity and financial flexibility)
- $2.5B — Previous Credit Facility (Replaced by the new, larger facility)
- $4.0B — Maximum Facility Size (Potential for further expansion via accordion feature)
- 2029 — Maturity Date (Extended repayment term for the credit facility)
Key Players & Entities
- Digital Realty Trust, Inc. (company) — Filer
- Digital Realty Trust, L.P. (company) — Related Filer
- $3.0 billion (dollar_amount) — New credit facility commitment
- $2.5 billion (dollar_amount) — Previous credit facility commitment
- March 31, 2029 (date) — Maturity date of the new credit facility
- $4.0 billion (dollar_amount) — Maximum potential commitment with accordion feature
FAQ
What is the total commitment of the new unsecured revolving credit facility?
The new unsecured revolving credit facility has a total commitment of $3.0 billion.
When does the new credit facility mature?
The new credit facility matures on March 31, 2029.
What was the commitment of the previous credit facility?
The previous credit facility had a commitment of $2.5 billion.
Does the new credit facility have an option to increase the commitment?
Yes, the new facility includes an accordion feature allowing for an increase in commitments up to $4.0 billion.
What is the primary purpose of this filing?
This filing is to report the entry into a new material credit agreement, which falls under the 'Other Events' category of an 8-K filing.
Filing Stats: 1,248 words · 5 min read · ~4 pages · Grade level 13.8 · Accepted 2024-09-09 06:05:04
Filing Documents
- d842941d8k.htm (8-K) — 45KB
- 0001193125-24-215434.txt ( ) — 226KB
- dlr-20240909.xsd (EX-101.SCH) — 5KB
- dlr-20240909_cal.xml (EX-101.CAL) — 1KB
- dlr-20240909_def.xml (EX-101.DEF) — 15KB
- dlr-20240909_lab.xml (EX-101.LAB) — 23KB
- dlr-20240909_pre.xml (EX-101.PRE) — 15KB
- d842941d8k_htm.xml (XML) — 11KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: September 9, 2024 Digital Realty Trust, Inc. By: /s/ Jeannie Lee Jeannie Lee Executive Vice President, General Counsel and Secretary Digital Realty Trust, L.P. By: Digital Realty Trust, Inc. Its general partner By: /s/ Jeannie Lee Jeannie Lee Executive Vice President, General Counsel and Secretary