secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001193125-24-252541
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000119312524252541/0001193125-24-252541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000119312524252541/d867264d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-252541

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