Digital Realty Trust Inc., San Francisco, has priced a public offering of 12 million shares of series D cumulative convertible preferred stock at $24.25 per share. The company said it intends to use the proceeds to repay borrowings under its revolving credit facility, to fund acquisitions and redevelopment activities, and for general corporate purposes. The underwriters have been granted an option to buy up to 1.8 million additional shares to cover any overallotments. The joint book-running managers of the offering are Citi and Credit Suisse Securities (USA) LLC.
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