Digital Realty Upsizes Credit Facility to $4.2 Billion, Extends Maturity Date to 2029
Digital Realty, a leading provider of data center solutions, has successfully amended and increased its senior unsecured global revolving credit facility to $4.2 billion. The facility's maturity date has been extended by three years to January 2029, with options for further extensions. Additionally, the company has upsized its Japanese yen-denominated credit facility and introduced a sustainability-linked pricing component based on ESG targets.
This financial move reflects Digital Realty's commitment to sustainability and ESG leadership, with CFO Matt Mercier expressing confidence in the company's balance sheet and growth prospects. The funds from these facilities are available in various currencies, providing financial flexibility for future investments.
In other news, Digital Realty Trust has issued €850 million in senior unsecured notes for green projects, further demonstrating its commitment to sustainability. Recent developments, including strong Q2 performance and successful private capital drive, highlight the company's financial strength and market position.
InvestingPro Insights show that Digital Realty's market capitalization of $53.81 billion and consistent dividend payments make it a strong player in the Specialized REITs industry. With revenue growth and strategic moves like credit facility expansion, Digital Realty is well-positioned for continued success in the global data center market.
For investors interested in Digital Realty's financial position, InvestingPro offers comprehensive tips and valuation metrics to guide investment decisions. With strong investor confidence and strategic initiatives, Digital Realty remains a promising investment opportunity.
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