secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001193125-23-008415
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Realty closes $740M unsecured term loan due March 2025
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- Term loan facility of $740M; matures March 31, 2025, with one 12-month extension option at 0.1875% fee.
- Interest at SOFR plus margin (0.95% at closing); margins tied to debt ratings, ranging 0.80%-1.60% before extension.
- Proceeds for general corporate purposes; voluntary prepayment allowed without penalty; amounts cannot be reborrowed.
- Guaranteed by parent Digital Realty Trust, Inc. and certain subsidiaries; subject to financial covenants including unencumbered assets ratio.
- Distribution to stockholders restricted during an event of default, with exceptions to maintain REIT status.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000119312523008415/0001193125-23-008415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000119312523008415/d413543d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-008415

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