Global datacentre company Digital Realty Trust, has announced that it has completed the refinancing of its global revolving credit facility and term loan. In conjunction with the refinancing, pricing was tightened by 10 basis points, the maturity date was extended by more than two years and aggregate commitments were expanded by US$550 million. The combined facilities total US$3.55 billion, consisting of a US$2.0 billion line of credit and a US$1.55 billion term loan. The refinancing provides funds for acquisitions, development, redevelopment, debt repayment, working capital and general corporate purposes.
“We were very pleased by the strong support we received from the international lending community for the refinancing of these facilities, which were oversubscribed with commitments totalling over US$5 billion from more than 25 financial institutions from around the world,” said Andrew P. Power, Digital Realty’s Chief Financial Officer. “With this strong support from our lending group, we were able to upsize the term loan by US$550 million and extend the maturity of our credit facilities by more than two years. 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 prudently fund the growth of our global portfolio.”