Digital Realty Increases Global Revolving Credit Facility from $1.5 B to $1.8 B

Digital Realty Trust DLR, a leading global provider of data center solutions, announced today that it has expanded its global revolving credit facility from $1.5 billion to $1.8 billion pursuant to the accordion feature under the facility.  The global revolving credit facility continues to operate pursuant to its existing terms and conditions and provides funds for acquisitions, development, redevelopment, debt repayment, working capital and global expansion.  Funds may be drawn in U.S, Canadian, Singapore, Australian and Hong Kong dollars, as well as Euro, Pound Sterling, Swiss Franc and Japanese yen denominations. It matures in November 2015, has a one-year extension option, and can be increased to up to a total of approximately $2.25 billion U.S. dollar equivalent. Pricing is based on the Company's senior unsecured debt ratings and is currently 125 basis points over the applicable index for floating rate advances plus a 25 basis point annual facility fee. Covenants generally are consistent with other BBB rated REITs.  "We exercised $300 million USD equivalent of the global revolving credit facility's $750 million USD equivalent accordion feature to further enhance our financial flexibility and provide us with additional liquidity, primarily for our U.S. and See full press release