Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Oct 26, 2018

Digital Realty Trust’s $3.3 Billion in Global Credit Facilities

Shearman & Sterling represented Citibank, as joint lead arranger and joint bookrunner, in connection with Digital Realty Trust’s $3.26 billion global revolving credit facility and term loans, and Sumitomo Mitsui Banking Corporation, as joint lead arranger and joint bookrunner, in connection with Digital Realty Trust’s ¥33.3 billion Japanese yen-denominated credit facility. The combined facilities consist of a $2.35 billion dollar line of credit, ¥33.3 billion Japanese yen-denominated line of credit, a $512 million term loan, a $300 million term loan and a $104 million term loan, for a total of $3.3 billion dollar equivalent in facilities.

The Citibank-led financings provide funds for acquisitions, development, redevelopment, debt repayment, working capital and general corporate purposes, and may be drawn in U.S., Canadian, Singapore, Australian and Hong Kong dollars, as well as euro, pounds sterling and Japanese yen denominations, and the SMBC-led financing provides funds for capital requirements for the company's joint venture with Mitsubishi Corporation and for general corporate purposes.

Digital Realty Trust, Inc. (Ticker: DLR) is a leading global provider of data center solutions. The company supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich 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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.

The Shearman & Sterling team below was supported by associate Elizabeth Martialay.

The Team