DuPont Fabros Technology, Inc. Closes $195 Million Unsecured Term Loan
WASHINGTON, Sept. 16, 2013
WASHINGTON, Sept. 16, 2013 /PRNewswire/ -- DuPont Fabros Technology, Inc.
(NYSE: DFT) announced today that the Company closed on a $195 million senior
unsecured term loan ("New Unsecured Term Loan"). The New Unsecured Term Loan
bears interest at LIBOR plus 1.75% and matures on February 15, 2019, with no
extension option. The New Unsecured Term Loan is guaranteed by the Company
and the same subsidiaries that guarantee its unsecured revolving credit
facility (the "Unsecured Credit Facility") and includes covenants that are
substantially similar to the covenants in the Unsecured Credit Facility. In
addition, the New Unsecured Term Loan includes an accordion feature that
permits an increase of the term loan principal amount to an aggregate maximum
amount of up to $250 million, subject to the agreement of existing or new
lenders to provide additional commitments and certain other customary
conditions. The new loan includes a delayed draw feature, of which the
Company immediately withdrew $120 million. The remaining amount must be drawn
within 120 days of the closing date.
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
Press spacebar to pause and continue. Press esc to stop.