Digital Realty Trust Closes New $100 Million Asia Pacific Revolving Credit Facility

Digital Realty Trust DLR, a global provider of data center solutions, today announced that it closed a new $100 million US dollar equivalent senior unsecured revolving credit facility with a syndicate of four banks. Under the terms of the new facility, funds may be initially drawn in Singapore and Australian dollars, with the ability to add Hong Kong dollars in the future. The credit facility matures in August 2012 and can be increased to up to approximately $200 million US dollar equivalent. Pricing is based on the public debt ratings of the Company's operating partnership, which is currently 120 basis points over applicable BBSY and SIBOR indexes. Covenants are consistent with the Company's existing US$750 million revolving credit facility. The purpose of the new credit facility is to provide funds for acquisitions, development, redevelopment, repayment of debt, working capital and general corporate purposes in the Asia Pacific region. "With the successful completion of this credit facility, we continue to solidify new and existing relationships with top-tier global institutions. We greatly appreciate the confidence and support of our lenders as we expand our business in the Asia Pacific region to meet the extraordinary demand from local and multinational customers for institutional-quality data center solutions," commented A. William Stein, CFO and Chief Investment Officer for Digital Realty Trust. "This credit facility helps us match non-US dollar denominated assets with liabilities to provide a natural hedge against currency fluctuations."