Shearman & Sterling represented Citigroup Global Markets Singapore Pte. Ltd., as facility agent, in connection with Digital Core REIT’s three-year term loan facility of up to €150 million and five-year term loan facility of up to €150 million. The total combined facilities of €300 million are guaranteed by Digital CR REIT.
Listed on the Main Board of the Singapore Exchange Securities Trading Limited, Digital Core REIT is the only pure-play data centre Singapore REIT (S-REIT) sponsored by a global best-in-class pure-play listed data centre owner and operator, Digital Realty. Digital Core REIT is an S-REIT established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes, as well as assets necessary to support the digital economy.