Shearman & Sterling represented Citibank, as administrative agent, in connection with Digital Realty Trust’s $3.0 billion global revolving credit facility and Sumitomo Mitsui Banking Corporation, as administrative agent, in connection with Digital Realty Trust’s ¥33.285 billion Japanese yen-denominated credit facility. The combined facilities consist of a $3.0 billion dollar line of credit and a ¥33.285 billion Japanese yen-denominated line of credit, for an approximate total of $3.3 billion equivalent in facilities. The new global revolving credit facilities now feature a sustainability-linked pricing component, with pricing subject to adjustment based on annual performance targets.
The Citibank-led financings may be drawn in U.S., Canadian, Singapore, Australian and Hong Kong dollars, as well as euro, pounds sterling, Korean won, Indonesian rupiah, Swiss francs, and Japanese yen denominations, and the SMBC-led financing may be drawn in Japanese yen.
Digital Realty Trust, Inc. (Ticker: DLR) is the largest global provider of cloud-and-carrier-neutral data center, colocation and interconnection solutions. The company supports the data center, colocation and interconnection strategies of its customers with a global data center footprint of over 280 facilities in 49 metros across 25 countries on six continents. Digital Realty’s clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.
The Shearman & Sterling team below included Anthony Roselle.