secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-255912
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Realty issues $1.15B of 1.875% exchangeable senior notes due 2029
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- Issued $1.15B principal amount of 1.875% Exchangeable Senior Notes due Nov 15, 2029; includes $150M from full exercise of initial purchasers' option.
- Initial exchange rate of 4.7998 shares per $1,000 principal, representing an initial exchange price of ~$208.34 per share of DLR common stock.
- Interest payable semi-annually at 1.875%; notes redeemable at issuer's option from Nov 22, 2027 under certain liquidity and stock price conditions.
- Guaranteed on a senior unsecured basis by Digital Realty Trust, Inc.; structurally subordinated to secured debt and subsidiary liabilities.
- Registration rights agreement requires filing a resale registration statement for common shares issuable upon exchange, with additional interest penalties for delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000119312524255912/0001193125-24-255912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000119312524255912/d883775d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-255912

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