Digital Realty Trust, Inc. has announced that it closed a $1.5 billion U.S. dollar equivalent global senior unsecured revolving credit facility.  

The expanded revolver, which replaces and improves the Company's prior Corporate Revolving Credit Facility and Asia Pacific Revolving Credit Facility, provides funds for acquisitions, development, redevelopment, debt repayment, working capital and global expansion.  Funds may be drawn in U.S., Canadian, Singapore, Australian and Hong Kong dollars, as well as Euro, Pound Sterling, Swiss Franc and Japanese yen denominations.

The revolving credit facility matures in November 2015, has a one-year extension option, and can be increased to up to a total of approximately $2.25 billion U.S. dollar equivalent. Pricing is based on the company's senior unsecured debt ratings and is currently 125 basis points over the applicable index for floating rate advances plus a 25 basis point annual facility fee. Covenants generally are consistent with other BBB-rated REITs.

"We are pleased with the very strong lender demand in our expanded credit facility which was oversubscribed with commitments of over $2.1 billion received from 28 financial institutions, including 15 new lenders. We appreciate the support and confidence of our lenders as we continue to expand our business globally," said A. William Stein, CFO and CIO for Digital Realty Trust. "This increased borrowing capacity further enhances our financial flexibility and provides us with immediate liquidity for potential acquisitions and development opportunities in our core markets."