July 30, 2016 5:20 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of DuPont Fabros Technology, L.P.

Company Overview

DuPont Fabros Technology, L.P. is based in Washington, District Of Columbia. DuPont Fabros Technology, L.P. operates as a subsidiary of DuPont Fabros Technology, Inc.

1212 New York Avenue NW

Suite 900

Washington, DC 20005

United States

Founded in 2010

Phone:

202-728-0044

Key Executives for DuPont Fabros Technology, L.P.

Chief Financial Officer of Dupont Fabros Technology, Inc and Executive Vice President of Dupont Fabros Technology, Inc
Age: 53
Chairman of Dupont Fabros Technology, Inc. and Secretary of Dupont Fabros Technology, Inc.
Age: 50
Compensation as of Fiscal Year 2016.

DuPont Fabros Technology, L.P. Key Developments

DuPont Fabros Technology, L.P. Enters into A First Amended and Restated Credit Agreement

On July 25, 2016 (the Closing Date), DuPont Fabros Technology, L.P. entered into a First Amended and Restated Credit Agreement providing for (a) a $750 million senior unsecured revolving credit facility, (b) a $250 million senior unsecured term loan facility (the Term Loan Facility), (c) a swing line subfacility of up to $35 million to be made available for same day borrowing and (d) a subfacility of up to $35 million for issuances of letters of credit (collectively, the Facility) with KeyBank National Association, as administrative agent (the Agent), and the other lending institutions that are parties thereto (the Lenders). The Revolving Facility has a maturity date of July 25, 2020, with an option to extend such maturity date for two additional 6-month periods, subject, in the case of each exercise of such option, to the payment of an extension fee equal to 7.5 basis points on the amount of the Revolving Facility at the then current maturity and certain other customary conditions. The Term Loan Facility has a maturity date of January 21, 2022, with no option to extend. The Borrower borrowed $250 million under the Term Loan Facility on the Closing Date, the proceeds of which were used to payoff the existing Term Loan Agreement, dated as of September 13, 2013, as amended, with Royal Bank of Canada, as agent.

DuPont Fabros Technology, L.P. Announces Seventh Amendment to Credit Agreement

On April 8, 2016, DuPont Fabros Technology Inc. amended its unsecured revolving credit facility to, among other things; provide that up to 10% of the aggregate value of its unencumbered properties can be attributed to eligible real estate located in Canada when determining the amount available for borrowings under the Credit Facility and compliance with certain financial covenants. The amendment, dated April 8, 2016, amends the Credit Agreement, dated May 6, 2010, as amended, by and among DuPont Fabros Technology, L.P., the operating partnership of the company (the Operating Partnership), as borrower; all of the Operating Partnership's subsidiaries that currently guaranty the obligations under the Company's Indenture governing the terms of its 5 7/8% senior notes due 2021, including the subsidiaries that own the ACC2, ACC4, ACC5, ACC6, CH1, NJ1, SC1, VA3 and VA4 data centers and the SC2 parcel of land, but excluding the Company's taxable REIT subsidiary, DF Technical Services LLC, and the subsidiaries that own the Company's ACC3, ACC7 and CH2 data center facilities, the ACC8 parcel of land and the Company's property management company, DF Property Management LLC; the Company; KeyBank National Association, as administrative agent and a lender (KeyBank"); and the other lending institutions that are parties thereto. On April 8, 2016, the Operating Partnership amended its $250 million unsecured term loan facility to, among other things, provide that up to 10% of the aggregate value of its unencumbered properties can be attributed to eligible real estate located in Canada when determining the amount available for borrowings under the Term Loan Facility and compliance with certain financial covenants. The amendment, dated April 8, 2016, amends the Term Loan Agreement, dated September 13, 2013, by and among the Operating Partnership, as borrower, the Company, as a guarantor, the direct and indirect subsidiaries of the Company that guaranty the obligations of the Operating Partnership under the Credit Facility, as subsidiary guarantors, Royal Bank of Canada, as administrative agent and a lender, and the other lending institutions that are parties thereto. Except as amended by the Second Term Loan Amendment, the remaining terms of the Term Loan Agreement remain in full force and effect.

DuPont Fabros Technology, Inc. Announces Pricing of $250 Million Offering of Senior Notes Due 2023 by its Subsidiary, DuPont Fabros Technology, L.P

DuPont Fabros Technology Inc. announced that its subsidiary DuPont Fabros Technology, L.P. has priced the previously announced offering of $250 million aggregate principal amount of its senior notes due 2023. The Notes will have an interest rate of 5.625% per annum and will be issued at a price equal to 99.205% of their face value. The Notes will mature on June 15, 2023. The company estimates that the net proceeds from this offering, after deducting the underwriting discount and expenses related to this offering, will be approximately $244.4 million. The offering is expected to close on or about June 9, 2015, subject to customary closing conditions. The company intends to use the net proceeds from this offering to repay outstanding borrowings under its unsecured credit facility and for general corporate purposes, including funding the company's development activities. The Notes will be unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the company and certain of its subsidiaries. SunTrust Robinson Humphrey, Goldman, Sachs & Co., KeyBanc Capital Markets, RBC Capital Markets, Regions Securities LLC and Stifel are acting as joint book-running managers for the offering of the Notes.

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Recent Private Companies Transactions

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