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Fitch Rates Digital Realty Trust, L.P.'s $500MM 5.875% Senior Unsecured Notes 'BBB'
February 20th, 2010
Fitch Ratings has assigned a 'BBB' rating to $500 million aggregate principal amount of 5.875% senior unsecured notes issued by Digital Realty Trust, L.P., the operating partnership of Digital Realty Trust, Inc. (Digital Realty; NYSE: DLR). The company's Issuer Default Rating (IDR) is 'BBB'. The Rating Outlook is Stable.
The net proceeds from the 144A private placement offering, which was priced on Jan. 21, 2010 at 98.296% of face value, are expected to be used to repay borrowings under Digital Realty's revolving credit facility, to acquire additional properties, to fund development and redevelopment opportunities, and for general corporate...
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Source: Investment Weekly News (2010-02-20)