Digital Realty uses sterling strength to fund DuPont merger

data centre 230-150x
By Nigel Owen
13 Jul 2017

Digital Realty used its Digital Stout Holding entity to sell a dual tranche sterling bond offering on Tuesday. The data solutions provider was overwhelmed with interest for its £600m deal, and will use the proceeds to rid DuPont Fabros Technology (DFT) of existing debt.

The merger of the two data solutions providers was announced last month as an all-stock transaction, valuing DFT at an enterprise value of $7.6bn, including $1.6bn of assumed debt. At the time of the announcement, Digital Realty said it expected to permanently refinance any debt assumed in the ...

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