Monitor the company's leverage and interest coverage metrics at next quarterly earnings to assess the impact of this €1B debt issuance. The green bond designation may attract ESG-focused institutional demand for the notes but does not change the credit profile.
Price Chart
Executive Summary
Digital Realty priced €1 billion of 5.125% Guaranteed Notes due 2036 via a wholly owned finance subsidiary. Proceeds are earmarked for eligible green projects, with interim use for debt repayment, capex, and general corporate purposes. This is a routine debt capital markets transaction that modestly extends the company's debt maturity profile at a fixed rate, with no material impact on common equity or preferred dividends.
Key Facts
- €1 billion aggregate principal amount of 5.125% Guaranteed Notes due 2036 priced at 99.289% of par
- Notes are senior unsecured obligations of Digital Euro Finco, LLC, fully guaranteed by Digital Realty Trust, Inc. and the operating partnership
- Interest payable annually in arrears at 5.125% per annum from October 9, 2026; maturity October 9, 2036
- Settlement expected October 9, 2026
- Net proceeds to be allocated to Eligible Green Projects (renewable energy, energy efficiency, green buildings, etc.)
- Pending allocation, proceeds may temporarily repay revolving credit facility borrowings, fund acquisitions/development, or for general corporate purposes
Financial Impact
€1 billion in new senior unsecured debt at 5.125% fixed rate, 10-year maturity. Net proceeds after 0.711% discount are approximately €992.9 million.
Risk Factors
- Increased leverage and interest expense from €1B in new debt
- Execution risk on allocation of proceeds to eligible green projects
- Potential for future equity issuance if leverage targets are exceeded
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-415815 |
| Document: d106844dex991.htm | 0001193125-26-415815 |
| Document: 0001193125-26-415815-index-headers.html | 0001193125-26-415815 |
| Document: 0001193125-26-415815-index.html | 0001193125-26-415815 |
| Document: 0001193125-26-415815.txt | 0001193125-26-415815 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $180.16 $173.00 | ▼ −3.97% | ▼ −2.48% | $179.01 (−0.64%) |
Oct 6, 2026 21d ago | 8-K | $180.47 $172.09 | ▼ −4.64% | ▼ −3.66% | $179.01 (−0.81%) |
Oct 6, 2026 21d ago | 8-K | $180.47 $172.09 | ▼ −4.64% | ▼ −3.66% | $179.01 (−0.81%) |
Oct 1, 2026 26d ago | Press Release | $178.55 | awaiting T+5 | — | $179.01 (+0.26%) |
Aug 15, 2026 10w ago | Institutional Cluster | $197.91 $188.55 | ▼ −4.73% | ▼ −3.54% | $179.01 (−9.55%) |
Jun 30, 2026 17w ago | Press Release | $179.58 $173.70 | ▼ −3.27% | ▼ −3.88% | $179.01 (−0.32%) |
May 4, 2026 25w ago | 424B5 | $20.52 $20.64 | ▲ +0.58% | ▼ −2.35% | $179.01 (+772.37%) |
Apr 23, 2026 26w ago | 8-K | $20.10 $20.01 | ▼ −0.45% | ▼ −1.36% | $179.01 (+790.60%) |
Apr 23, 2026 26w ago | Press Release | $199.69 $200.94 | ▲ +0.63% | ▼ −0.28% | $179.01 (−10.36%) |
Apr 17, 2026 27w ago | DEFA14A | $20.00 $20.09 | ▲ +0.45% | ▼ −0.46% | $179.01 (+795.05%) |
US Market Status
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