Digital Realty prices $1.0B 1.875% exchangeable senior notes due 2029, exchange price $208.34

DIGITAL REALTY TRUST, INC.

$1.0B principal of 1.875% exchangeable senior notes due Nov 15, 2029; option for additional $150M.
Initial exchange rate 4.7998 shares per $1,000 principal = exchange price ~$208.34 (20% premium to $173.62 close).
Net proceeds ~$979.3M (or ~$1.127B if option fully exercised); settlement expected Nov 12, 2024.
Use proceeds to repay revolver borrowings, fund acquisitions, development, working capital, and potential debt retirement.
Notes are senior unsecured obligations fully guaranteed by Digital Realty Trust, Inc.

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