Digital Realty Prices Debentures

Digital Realty Trust Inc., San Francisco, has announced a private placement of $150 million of 4.125% exchangeable senior debentures by its operating subsidiary, Digital Realty Trust LP.The company said that, before July 2026 and upon the occurrence of specified events, the 20-year debentures will be exchangeable at the option of holders into cash and, at the option of the operating subsidiary, shares of common stock of Digital Realty Trust Inc. at an initial exchange rate of 30.6828 shares per $1,000 principal amount of the debentures. The initial purchasers have been granted an option to buy up to $22.5 million of the debentures to cover any overallotments. Digital Realty, a real estate investment trust that specializes in the ownership of technology real estate, can be found online at http://www.digitalrealtytrust.com.