(WEB HOST INDUSTRY REVIEW) — Data center operator Digital Realty Trust (www.digitalrealtytrust.com) announced on Thursday it has priced an offering of 6 million shares of common stock at $57 per share.
The pricing is 3.2 percent less than Wednesday’s closing price of 58.91.
Additionally, underwriters were given the option of purchasing up to 900,000 more shares of common stock to cover over-allotments, if any.
The company had previously filed Wednesday for a 4.25 million share common stock offering.
Digital Realty says it will use the net proceeds of about $327.8 million to fund part of the $725 million acquisition of five 365 Main data centers owned by Rockwood Capital, which it announced earlier this week.
The five properties are referred to as the Rockwood Capital/365 Main Portfolio, which include data centers in San Franciso, Oakland, El Segundo, Chandler, Arizona, and Chantilly, Virginia.
Credit Suisse Securities, Citi and BofA Merrill Lynch served as book running managers for the offering.
Meanwhile, Morgan Stanley, Deutsche Bank Securities and Raymond James served as lead managers, and JMP Securities, J.P. Morgan, RBC Capital Markets and RBS served as co-managers for the offering.
The offering is expected to close on June 8.
No related posts.
