Digital Realty Trust To Offer 2.5 Million Common Shares
Digital Realty Trust will also grant the underwriter an option to purchase up to an additional 375,000 shares of common stock to cover over-allotments.
The company plans to utilize the net proceeds from the offering to temporarily repay all or a portion of its borrowings under its revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes.
Digital Realty Trust plans to reborrow amounts under its revolving credit facility from time to time to acquire additional properties, to fund development and redevelopment opportunities and for general corporate purposes.
San Francisco-based Digital Realty Trust owns, acquires, redevelops, develops and manages technology-related real estate.
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