Digital Realty develops and operates a global cloud- and carrier-neutral data center platform for colocation, interconnection, hyperscale deployments and enterprise data infrastructure. Company updates commonly cover PlatformDIGITAL, Pervasive Datacenter Architecture, data-center capacity, customer connectivity, operating workforce development and the infrastructure needs tied to cloud, AI and data-intensive applications.
Recurring news themes also include financial results, capital-structure activity, private-capital funding for hyperscale data centers, strategic fund management, and geographic expansion across major data-center markets. Recent company announcements have addressed U.S. hyperscale data center funding and new or expanded market presence in Southern Europe and the Mediterranean region.
Digital Realty (NYSE: DLR) has announced its intention to redeem all outstanding 3.625% notes due 2022 and 3.950% notes due 2022. The redemption, effective August 3, 2020, includes $300 million of 3.625% notes and $500 million of 3.950% notes, with a redemption price equating to par plus a make-whole premium and accrued interest. Wells Fargo Bank serves as the trustee for both note series. The company emphasized its focus on data center and interconnection solutions.
Interxion, a Digital Realty company, has opened the first phase of its MRS3 data centre in Marseille, enhancing connectivity in a key digital hub. The facility is located in a former WWII submarine base and offers 2,300 square metres of IT space. With plans to expand to 16.5 megawatts and approximately 7,100 square metres, MRS3 benefits from 100% renewable energy and unique cooling sourced from local mines. This development is expected to boost Marseille’s position as a leading Internet hub, aiming to enter the top five globally.
Digital Realty (NYSE: DLR) announced it will release its financial results for the second quarter of 2020 after market close on July 30, 2020. A conference call will be held that day at 5:30 p.m. EDT to discuss these results. Investors can join the call by dialing +1 (888) 317-6003 for domestic calls and +1 (412) 317-6061 internationally. The call will also be available via a live webcast on the company's investor relations website.
Digital Realty (NYSE: DLR) has announced the pricing of its €500,000,000 Euro-denominated 1.250% Guaranteed Notes due 2031. These senior unsecured obligations will be guaranteed by Digital Realty and its operating partnership, with interest payable annually starting June 26, 2020. The proceeds will be used for repaying outstanding borrowings, acquiring properties, funding development, and general corporate purposes. The offering is conducted outside the United States under Regulation S of the Securities Act.
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