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The notes will be issued in two series, referred to as D and series E notes.
The series D notes will have a principal amount of $50 million with an annual interest rate of 4.57 percent over a five-year term.
The series E notes will have a principal amount of $50 million with an annual interest rate of 5.73 percent over a seven-year term.
Digital Realty Trust says it will use use the proceeds of the series D and series E notes to fund acquisitions and for working capital.
The announcement comes a week after DRT announced it had made five high-profile data center acquisitions, including three data center properties totalling 550,000 square feet in Massachusetts and Connecticut for $375 million, and two fully leased data center properties and a 10.73 acre site in Northern Virginia for $63.3 million.
"Accessing attractively priced capital from a variety of sources has been the cornerstone of our funding strategy and continues to support the growth of our Company," says A. William Stein, CFO and chief investment officer of Digital Realty Trust. "Upon closing, today's announced transaction will represent the fourth draw from the three-year, multi-currency, $200 million unsecured Prudential shelf facility that was established in July 2008."
The purchase and sale of the series D and series E notes is set to close on January 20.
Earlier this week, Level 3 Communications announced it is planning an offering of $640 million in senior notes, and use the proceeds to buy back $550 million in 12.25 percent senior notes due in 2013.
Read more: theWHIR.com - Daily Web Hosting News