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General

Digital Realty prices offering of 12 mln shares

Wednesday 2 October 2019 | 09:50 CET | News
Digital Realty said it has priced its public offering of 12 million 5.200 percent shares, for gross proceeds of USD 300 million. The company also granted a greenshoe for 1.8 million more shares. The preferred stock offering should close on 10 October, subject to the usual closing conditions. Net proceeds will be used to pay back debt, acquire more properties or businesses, fund development opportunities, and go towards working capital and other general corporate purposes. This could include paying down more debt.

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Categories: General
Companies: Digital Realty
Countries: World
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