other material
confidence high
sentiment neutral
materiality 0.55
Digital Realty enters $1.5B ATM equity program, terminates prior facility with $408.7M unsold
DIGITAL REALTY TRUST, INC.
- New ATM sales agreement with 22 agents/forward sellers for up to $1.5B of common stock.
- Prior April 2022 ATM program terminated, with ~$408.7M of capacity unused at termination.
- Proceeds to repay revolving credit facility, fund acquisitions, development, or general corporate purposes.
- Offered through ordinary brokers' transactions, block trades, or negotiated deals; sales may be suspended at any time.
- May also enter forward sale agreements with banks to hedge equity issuance via borrowed shares.