Opportunistic Yet Leveraging Secondary Offering From Digital Realty (DLR)

June 26, 2012 at 10:17 pm Leave a comment

24/7 Wall St.

Digital Realty Trust (NYSE: DLR) has been one of those REITs we have loved for some time, but one where we feel the price has grown too excessive.  Now the company which we call “The Landlord of the Cloud” is planning to sell 8.25 million shares of its common stock in an underwritten public secondary offering.  What is interesting is that the company intends to contribute the net proceeds from this offering to its operating partnership, Digital Realty Trust, L.P., to fund a portion of the purchase price for the acquisition of a three-property data center portfolio located in the greater London area. This area is the Sentrum Portfolio and the purchase price is roughly $1.1 billion to be paid for by this offering and from cash on hand and additional debt and a bridge loan.

Digital Realty also said that it may temporarily repay debt under its global…

View original post 104 more words


Entry filed under: Uncategorized.

Farsight Studios Says Nintendo “Has Another Hit On Its Hands” With Wii U Shipper Prices Share Offering; Watch Shares Sink (EGLE, DRYS, EXM, GNK, DSX, FRO, NM, RBS, SAN)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

%d bloggers like this: