Digital Realty Trust sold €1,000,000,000 of euro notes due 2036
Digital Realty Trust issued €1,000,000,000 of 5.125% Guaranteed Notes due 2036 through its finance subsidiary. Net proceeds were approximately €985.8 million for Eligible Green Projects, according to the company.
What happened
On October 9, 2026, Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, issued and sold Euro Notes. The sale covered €1,000,000,000 aggregate principal amount of 5.125% Guaranteed Notes due 2036 denominated in Euros. Principal amount meant the amount borrowed that was to be repaid at maturity. According to the company, the notes were sold through the finance subsidiary structure.
Net proceeds from the offering were approximately €985.8 million after deducting managers discounts and estimated offering expenses. The purchase price paid by the initial purchasers was 99.289% of the principal amount thereof. The Euro Notes bore interest at the rate of 5.125% per annum and would mature on October 9, 2036. Interest was payable on October 9 of each year beginning on October 9, 2027.
Guarantee and green use showed why the debt mattered
The Euro Notes were senior unsecured obligations of Digital Euro Finco, LLC. Senior unsecured meant the debt was not backed by specific collateral and ranked ahead of subordinated debt in repayment order. The notes were fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership. The guarantee meant the parent and the operating partnership stood behind payment if the issuer did not pay.
The company intended to allocate an amount equal to the net proceeds from the offering of the Euro Notes to finance or refinance Eligible Green Projects. The terms of the Euro Notes were governed by an indenture dated as of October 9, 2026. Indenture meant the legal contract that set out the bond terms. An event of default included a default for 30 days in payment of any installment of interest under the Euro Notes.
Filing detailed the subsidiary issuer and bond terms
Digital Realty Trust filed Form 8-K with the SEC on 2026-10-09. The filing described the issuance by Digital Euro Finco, LLC as a wholly owned indirect finance subsidiary of the operating partnership. The terms were set out in an indenture dated as of October 9, 2026. The indenture served as the legal document that governed the Euro Notes.
