DuPont Fabros Technology, Inc. Increases Unsecured Revolving Credit Facility
to $400 Million
WASHINGTON, June 13, 2013
WASHINGTON, June 13, 2013 /PRNewswire/ --DuPont Fabros Technology, Inc.
(NYSE: DFT) today announced that the Company exercised the accordion feature
on its unsecured revolving credit facility, increasing the total commitment
under the facility from $225 million to $400 million. The Company also
amended the facility to expand the accordion feature to provide the Company
with the option to increase the total commitment to $600 million, if one or
more lenders commit to being a lender for the additional amount and certain
other customary conditions are met. All other key terms of the credit
facility remain in full force and effect. The facility expires in March 2016
and includes a one-year extension option. As of the date of this release,
there is $60 million of borrowings under this facility.
Mark L. Wetzel, Chief Financial Officer and Treasurer of the Company, stated,
"We are pleased to have increased the facility adding four new lenders and
having several existing lenders increase their commitment. This expanded
facility provides us with additional capacity at a low cost of capital to
fully fund our current ACC7 development in Ashburn, Virginia and a second
development, as we grow the company."
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 www.dft.com.
SOURCE DuPont Fabros Technology, Inc.
Contact: Mark L. Wetzel, Executive Vice President, Chief Financial Officer and
Treasurer, +1 (202) 728-0033; Christopher Warnke, Manager, Investor Relations,
+1 (202) 478-2330
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