Diversified Financial Services
Company Overview of DuPont Fabros Technology, L.P.
DuPont Fabros Technology, L.P. is based in Washington, District Of Columbia. DuPont Fabros Technology, L.P. operates as an investment arm of DuPont Fabros Technology, Inc.
1212 New York Avenue NW
Washington, DC 20005
Founded in 2010
Key Executives for DuPont Fabros Technology, L.P.
Chief Executive Officer of Dupont Fabros Technology Inc
Chief Financial Officer of Dupont Fabros Technology
Chairman of Dupont Fabros Technology
Compensation as of Fiscal Year 2014.
DuPont Fabros Technology, L.P. Key Developments
DuPont Fabros Technology, L.P. Announces Amendment to its $250 Million Unsecured Term Loan Facility
Jul 24 14
On July 21, 2014, DuPont Fabros Technology, L.P. and the operating partnership of DuPont Fabros Technology Inc. amended its $250 million unsecured term loan facility to, among other things, reduce the rate at which borrowings under the Facility will bear interest and extend the maturity date of the Facility. The amendment, dated July 21, 2014, amends the term loan agreement, dated September 13, 2013, by and among the Borrower, the company, as a guarantor, the direct and indirect subsidiaries of the company that guaranty the obligations of the Borrower under the Borrower's senior unsecured revolving credit facility, as subsidiary guarantors, Royal Bank of Canada, as administrative agent and a lender, and the other lending institutions that are parties thereto. In addition, the First Amendment, among other things, extends the maturity date of the Facility from February 15, 2019 to July 21, 2019.
Dupont Fabros Technology, L.P. Enters into Accession Agreements
Oct 24 13
On October 18, 2013 (the Commitment Increase Date), DuPont Fabros Technology, L.P. exercised the accordion feature under its $195 million senior unsecured term loan facility by entering into accession agreements with each of (i) TD Bank, N.A., as a new lender and (ii) Regions Bank, as a new lender (collectively, the Accession Agreements) to the Term Loan Agreement, dated September 13, 2013, as amended (the Credit Agreement), with Royal Bank of Canada, as administrative agent and a lender, and the other lending institutions that are parties thereto. The Accession Agreements increase the total commitment under the Credit Agreement by $55 million from $195 million to $250 million. On the Commitment Increase Date, the Borrower drew down an additional advance of $34 million for a total amount outstanding as of the Commitment Increase Date of $154 million. The remaining amount of the loan under the Credit Agreement is available under a delayed draw feature to be advanced any time not later than January 10, 2014. Except as amended by the Accession Agreements, the remaining terms of the Credit Agreement remain in full force and effect.
DuPont Fabros Technology, Inc. Announces Early Settlement of Cash Tender Offer and Consent Solicitation for its 8.5% Senior Notes Due 2017 of DuPont Fabros Technology, L.P
Sep 24 13
DuPont Fabros Technology Inc. announced the early settlement of the previously announced tender offer and solicitation of consents for all of the outstanding $550 million aggregate principal amount of 8.5% Senior Notes due 2017 of DuPont Fabros Technology, L.P. (the 'Operating Partnership'). The terms and conditions of the Tender Offer and the Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement, dated September 10, 2013 and the related Consent and Letter of Transmittal, which were previously distributed to holders of the Notes. As of 5:00 p.m., New York City time, on September 23, 2013 (the 'Early Tender Deadline'), $418,111,000 aggregate principal amount of the outstanding Notes (representing approximately 76.02% of the outstanding Notes) had been tendered. The Operating Partnership has exercised its option to accept for payment those Notes that were validly tendered at or prior to the Early Tender Deadline. Such Early Payment occurred concurrently with the closing of the Operating Partnership's private offering of $600 million aggregate principal amount of 5.875% Senior Notes due 2021. As part of the Tender Offer and Consent Solicitation, the Operating Partnership solicited consents from the holders of the Notes for certain proposed amendments to certain terms of the indenture governing the Notes. Adoption of the Amendments required consents from holders of more than 50% of the aggregate principal amount outstanding of the Notes. The Tender Offer will expire at 11:59 p.m., New York City time, on October 7, 2013, unless extended or earlier terminated by the Operating Partnership. Holders who validly tender Notes and deliver consents on or prior to the Expiration Date will be eligible to receive $1,030.04 for each $1,000 principal amount of Notes, which is the Total Consideration minus the Consent Payment, plus accrued and unpaid interest in respect of such purchased Notes from the last interest payment date to, but not including, the final payment date. Following the Early Tender Deadline, Notes tendered may no longer be withdrawn and consents delivered may no longer be revoked, except as required by law.
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