Digital Realty Trust Announces Repurchase at Option of Holders and Redemption of 4.125% Exchangeable Senior Debentures due 2026

Digital Realty Trust DLR announced today that holders of the 4.125% Exchangeable Senior Debentures due 2026, of its operating partnership, Digital Realty Trust, L.P., which are fully and unconditionally guaranteed by the Company, have the right to surrender their Debentures for purchase by the Operating Partnership pursuant to their option under the Indenture governing the Debentures, dated as of August 15, 2006. The Put Option entitles each holder of the Debentures to require the Operating Partnership to purchase all or any part of such holder's Debentures at a purchase price equal to 100% of the principal amount of the Debentures on August 15, 2011. Unless the Operating Partnership defaults in making payment of the Repurchase Price, interest on the Debentures repurchased will cease to accrue on and after the Repurchase Date.
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