Shearman And Sterling

News January 28, 2016

Shearman & Sterling Advises on $3.55 Billion in Credit Facilities for Digital Realty Trust

Shearman & Sterling represented Citigroup Global Markets Inc. as joint lead arranger and joint book running manager in connection with Digital Realty Trust’s $3.55 billion global revolving credit facility and term loans. The combined facilities consist of a $2.00 billion dollar line of credit, a $1.25 billion five-year term loan and a $300 million seven-year term loan, for a total of $3.55 billion in facilities. The financing provides funds for acquisitions, development, redevelopment, debt repayment, working capital and general corporate purposes, and may be drawn in US, Canadian, Singapore, Australian and Hong Kong dollars, as well as euro, pound sterling and Japanese yen denominations.

Digital Realty Trust, Inc. (Ticker: DLR) is a leading global provider of data center solutions. The company supports the data center and colocation strategies of more than 1,000 firms across its secure portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.

The Team