Posted By Rich Miller On February 1, 2008 @ 12:25 pm In Digital Realty | Comments Disabled
Digital Realty Trust (DLR) will sell 12 million shares of preferred stock in hopes of raising $300 million. Digital Realty will use the funds to pay down its credit facility, giving it more flexibility to pursue acquire new properties and convert its development space into Turn-Key Datacenter space. The company says it is “actively pursuing multiple opportunities for potential acquisitions, with due diligence and negotiations at different stages of advancement.”
The shares of Series D Cumulative Convertible Preferred Stock will be convertible for shares of Digital Realty Trust common stock, which closed Thursday at $35.76. See Globe Street  for additional details.
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URL to article: http://www.datacenterknowledge.com/archives/2008/02/01/digital-realty-offers-300m-in-preferred-stock/
URLs in this post:
 Globe Street: http://www.globest.com/news/1084_1084/sanfrancisco/167923-1.html?st=rss
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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