Digital Realty Completes $3 Billion Global Revolving Credit Facility And Multi-Currency Term Loan Refinancing

   Digital Realty Completes $3 Billion Global Revolving Credit Facility And
                     Multi-Currency Term Loan Refinancing

All-in pricing reduced by 20 basis points for the Global Revolving Credit
Facility and by 25 basis points for the Multi-Currency Term Loan

PR Newswire

SAN FRANCISCO, Aug. 19, 2013

SAN FRANCISCO, Aug. 19, 2013 /PRNewswire/ --Digital Realty Trust, Inc. (NYSE:
DLR), a leading global provider of data center solutions, today announced that
it has completed the refinancing of its global revolving credit facility and
term loan. The refinancing allowed the company to reduce pricing, extend loan
maturities and increase its aggregate commitments by $450 million. The
combined facilities total $3 billion, representing the 5^th largest unsecured
credit facilities among US REITs. The refinancing provides funds for
acquisitions, development, redevelopment, debt repayment, working capital and
global expansion.

The $2 billion Global Revolving Credit Facility matures in November 2017, has
two six-month extension options, and can be increased up to a total of
approximately $2.55 billion U.S. dollar equivalent. Pricing for the Facility,
based on the Company's senior unsecured debt rating of BBB/Baa2, was reduced
from 125 to 110 basis points over the applicable index for floating rate
advances and the annual facility fee was reduced from 25 to 20 basis points. 

The $1 billion Multi-Currency Term Loan maturity is unchanged and remains
April 2017, with two six-month extension options added, and total commitments
can be increased up to $1.1 billion. Pricing for the Term Loan, based on the
Company's senior unsecured debt rating of BBB/Baa2, was reduced from 145 to
120 basis points.

"We are very pleased with the strong demand we received from the international
lending community to participate in the refinancing of these facilities, which
were oversubscribed with commitments totaling $4.6 billion from 27 financial
institutions from around the globe," said A. William Stein, Chief Financial
Officer and Chief Investment Officer of Digital Realty. "To satisfy this
demand, we upsized our Global Revolving Credit Facility by $200 million and
increased our Term Loan by $250 million. In addition, the improved pricing
grid is equal to or better than any widely syndicated credit facility for a
U.S. large cap investment grade REIT, including those with a credit rating
higher than DLR's BBB/Baa2 rating. We believe these positive trends
illustrate the institutional lender community's view on the strength of our
balance sheet and underlying business, while providing us with greater
financial flexibility as we continue to expand our portfolio globally."

Funds from the combined facilities may be drawn in U.S, Canadian, Singapore,
Australian and Hong Kong Dollars, as well as Euro, Pound Sterling, Swiss
Franc, Mexican Pesos and Japanese yen denominations. In addition, the company
was able to achieve improved covenants terms and definitions, including the
removal of the tangible net worth covenant and reducing the cap rate from
8.25% to 8.00% on data center assets.

"We would like to acknowledge Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC's
efforts in their capacity as Joint Lead Arrangers and Joint Book Running
Managers which led to a successful syndication of the two facilities and
extend our gratitude to the entire bank group for their overwhelming support
of the Company," added Mr. Stein.

About Digital Realty

Digital Realty Trust, Inc. focuses on delivering customer driven data center
solutions by providing secure, reliable and cost effective facilities that
meet each customer's unique data center needs. Digital Realty's customers
include domestic and international companies across multiple industry
verticals ranging from information technology and Internet enterprises, to
manufacturing and financial services. Digital Realty's 127 properties,
including three properties held as investments in unconsolidated joint
ventures, comprise approximately 23.7 million square feet as of June 30, 2013,
including 2.8 million square feet of space held for development. Digital
Realty's portfolio is located in 32 markets throughout North America, Europe,
Asia and Australia. Additional information about Digital Realty is included in
the Company Overview, which is available on the Investors page of Digital
Realty's website at

Safe Harbor Statement

This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially, including statements related to use of proceeds from the
facilities, maturity dates, extension options and accordion options. These
risks and uncertainties include, among others, the following: the impact of
the recent deterioration in global economic, credit and market conditions,
including the downgrade of the U.S. government's credit rating; current local
economic conditions in our geographic markets; decreases in information
technology spending, including as a result of economic slowdowns or recession;
adverse economic or real estate developments in our industry or the industry
sectors that we sell to (including risks relating to decreasing real estate
valuations and impairment charges); our dependence upon significant tenants;
bankruptcy or insolvency of a major tenant or a significant number of smaller
tenants; defaults on or non-renewal of leases by tenants; our failure to
obtain necessary debt and equity financing; increased interest rates and
operating costs; risks associated with using debt to fund our business
activities, including re-financing and interest rate risks, our failure to
repay debt when due, adverse changes in our credit ratings or our breach of
covenants or other terms contained in our loan facilities and agreements;
financial market fluctuations; changes in foreign currency exchange rates; our
inability to manage our growth effectively; difficulty acquiring or operating
properties in foreign jurisdictions; our failure to successfully integrate and
operate acquired or developed properties or businesses; the suitability of our
properties and data center infrastructure, delays or disruptions in
connectivity, failure of our physical infrastructure or services or
availability of power; risks related to joint venture investments, including
as a result of our lack of control of such investments; delays or unexpected
costs in development of properties; decreased rental rates or increased
vacancy rates; increased competition or available supply of data center space;
our inability to successfully develop and lease new properties and space held
for development; difficulties in identifying properties to acquire and
completing acquisitions; our inability to acquire off-market properties; our
inability to comply with the rules and regulations applicable to reporting
companies; our failure to maintain our status as a REIT; possible adverse
changes to tax laws; restrictions on our ability to engage in certain business
activities; environmental uncertainties and risks related to natural
disasters; losses in excess of our insurance coverage; changes in foreign laws
and regulations, including those related to taxation and real estate ownership
and operation; and changes in local, state and federal regulatory
requirements, including changes in real estate and zoning laws and increases
in real property tax rates. For a further list and description of such risks
and uncertainties, see the reports and other filings by the Company with the
U.S. Securities and Exchange Commission, including the Company's Annual Report
on Form 10-K for the year ended December 31, 2012 and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2013 and June 30, 2013. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

For Additional Information:
A. William Stein            Pamela M. Garibaldi
Chief Financial Officer and Vice President, Investor Relations
Chief Investment Officer    Digital Realty Trust, Inc.
Digital Realty Trust, Inc.  +1 (415) 738-6500
+1 (415) 738-6500

SOURCE Digital Realty Trust, Inc.

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