DuPont Fabros Technology, Inc. Closes New $115 Million Secured Loan And Repays $138.3 Million Secured Loan

DuPont Fabros Technology, Inc. Closes New $115 Million Secured Loan And Repays
                         $138.3 Million Secured Loan

PR Newswire

WASHINGTON, April 2, 2013

WASHINGTON, April 2, 2013 /PRNewswire/ -- DuPont Fabros Technology, Inc.
(NYSE: DFT) today announced that it completed a new five-year $115 million
secured term loan with a syndicate of lenders led by KeyBanc Capital Markets,
Inc. The loan is secured by the Company's ACC3 data center located in
Ashburn, Virginia, has a floating rate of LIBOR plus 1.85%, is pre-payable
without penalty and matures on March 27^th, 2018. The Company used the
proceeds along with cash-on-hand to repay an existing secured loan on the
Company's ACC5 and ACC6 data center facilities that had an outstanding balance
of $138.3 million, a floating rate of LIBOR plus 3.00% and was scheduled to
mature in December 2014.

The terms of the new loan require a minimum debt service coverage ratio of
1.50 to 1.00. Other financial covenants are the same as those under the
Company's existing $225 million unsecured credit facility, including total
indebtedness of not more than 60% of gross asset value and a minimum fixed
charge coverage ratio of 1.70 to 1.00.

Separately, the Company elected to add and include its SC1 data center located
in Santa Clara, California to the unencumbered asset pool that supports its
unsecured notes and line of credit. This addition, together with the addition
of the ACC5 and ACC6 data centers that now are unencumbered, and net of the
ACC3 data center that now is encumbered, adds approximately $775 million of
assets to the unencumbered pool, an increase of 41% based on December 31, 2012
book values.

"We are pleased to have completed a new secured loan while picking up 115
basis points on the loan rate, extending the maturity while expanding our
unencumbered asset pool," stated Mark L. Wetzel, Chief Financial Officer and
Treasurer of DuPont Fabros Technology, Inc. "Our next maturity is not until
December 2015 representing the first amortization payment of our unsecured
notes. We will continue to work to lower our overall cost of capital."

About DuPont Fabros Technology, Inc.

DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer,
operator and manager of enterprise-class, carrier-neutral, large
multi-tenanted wholesale data centers. The Company's facilities are designed
to offer highly specialized, efficient and safe computing environments in a
low-cost operating model. The Company's customers outsource their mission
critical applications and include national and international enterprises
across numerous industries, such as technology, Internet content providers,
media, communications, cloud-based, healthcare and financial services. The
Company's ten data centers are located in four major U.S. markets, which total
2.5 million gross square feet and 218 megawatts of available critical load to
power the servers and computing equipment of its customers. DuPont Fabros
Technology, Inc., a real estate investment trust (REIT) is headquartered in
Washington, DC. For more information, please visit

SOURCE DuPont Fabros Technology, Inc.

Website: htp://
Contact: Mark L. Wetzel, Executive Vice President, Chief Financial Officer and
Treasurer, +1 (202) 728-0033 or Christopher Warnke, Manager, Investor
Relations, +1 (202) 478-2330
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