Digital Realty Prices Stock Offering

Digital Realty Trust Inc., a San Francisco-based real estate investment trust, has priced a public offering of 3.5 million shares of common stock at $39.38 per share.The company said it plans to use the net proceeds from the offering to temporarily repay borrowings under its credit facility. Digital Realty has granted the underwriters an option to buy up to 525,000 additional shares of common stock to cover any overallotments. Merrill Lynch & Co. and Credit Suisse Securities served as the joint book-running managers for the offering. Digital Realty, which focuses on the ownership of technology real estate, can be found online at http://www.digitalrealtytrust.com.