Digital Realty Announces Public Offering of 10.5 Million Shares, Expected to Raise $1.47 Billion
Digital Realty, a leading global provider of data center, colocation, and interconnection solutions, has announced a public offering of 10,500,000 shares of its common stock, expecting to raise approximately $1,470 million. The offering, managed by BofA Securities, Citigroup Global Markets Inc., and J.P. Morgan Securities LLC, is set to close on May 10, 2024. The net proceeds will be used to repay borrowings, acquire additional properties or businesses, fund development opportunities, and provide for working capital and other corporate purposes. The offering is part of an effective shelf registration statement filed with the Securities and Exchange Commission.