Digital Realty subsidiary issues €1B in notes

Digital Realty intends to direct net proceeds to eligible green projects, with temporary uses permitted while allocation is pending.

Rhea-AI Filing Summary

Digital Realty Trust, Inc. disclosed that its indirect finance subsidiary, Digital Euro Finco, LLC, issued and sold €1,000,000,000 aggregate principal amount of 5.125% Guaranteed Notes due October 9, 2036. The senior unsecured notes are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P.; initial purchasers paid 99.289% of principal. Interest is payable each October 9, beginning October 9, 2027.

Net proceeds were approximately €985.8 million after managers’ discounts and estimated offering expenses. Digital Realty intends to use an equal amount to finance or refinance eligible green projects, including renewable energy, energy efficiency, clean transportation, sustainable water and green building projects. Pending allocation, proceeds may temporarily repay revolving-credit borrowings, fund property or business acquisitions and development, or support working capital and other general corporate purposes. The indenture limits the ability to incur additional indebtedness and requires a pool of unencumbered assets. On redemptions on or after 90 days prior to maturity, no make-whole premium applies.

Filing Explained

If law requires certain withholding, Digital Euro Finco may owe additional amounts so covered non-U.S. holders receive the specified net principal and interest, subject to exceptions. For specified tax-law changes, it may redeem all, but not part, of the notes after 15 to 45 days’ notice, at principal plus accrued unpaid interest.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Aggregate principal amount: €1,000,000,000 Interest rate: 5.125% per annum Net proceeds: Approximately €985.8 million +3 more

6 metrics

Aggregate principal amount €1,000,000,000 Euro Notes issued October 9, 2026

Interest rate 5.125% per annum Euro Notes

Net proceeds Approximately €985.8 million After managers’ discounts and estimated offering expenses

Purchase price 99.289% of principal amount Price paid by the initial purchasers

Maturity date October 9, 2036 Euro Notes

First interest payment date October 9, 2027 Interest is payable annually on October 9

Key Terms

Regulation S, senior unsecured obligations, unencumbered assets, Eligible Green Projects

4 terms

Regulation S regulatory

"sold outside the United States in reliance on Regulation S"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

senior unsecured obligations financial

"The Euro Notes are senior unsecured obligations"

Senior unsecured obligations are loans or bonds that a company promises to pay back with its own money, but without any special guarantees or collateral. If the company runs into financial trouble, these debts are paid after other debts with priority, meaning they are less protected but still important. They matter because they show how risky it is to lend money to a company.

unencumbered assets financial

"requirements to maintain a pool of unencumbered assets"

Eligible Green Projects technical

"projects (collectively, “Eligible Green Projects”)"

A set of projects, activities, or assets that meet predefined environmental criteria for using proceeds from green financing, such as renewable energy, energy efficiency, pollution control, or sustainable water systems. Think of it like an approved shopping list of eco-friendly investments that money raised under a green label must fund. Investors care because these criteria aim to reduce environmental risk, improve transparency, and align capital with sustainability goals—factors that can affect reputation, regulation, and long-term returns.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did DLR issue in Euro Notes?

Digital Euro Finco, LLC issued and sold €1,000,000,000 aggregate principal amount of Euro Notes on October 9, 2026. The notes bear interest at 5.125% per annum and mature on October 9, 2036.

When does DLR's Euro Notes interest get paid?

Interest is payable on the notes each October 9, beginning October 9, 2027. The notes mature on October 9, 2036.

Can Digital Euro Finco redeem the notes because of tax-law changes?

If certain tax-law changes cause Digital Euro Finco, LLC to owe additional amounts, or create a substantial probability that it will owe them, it may redeem all—but not part—of the notes with 15 to 45 days’ notice. The redemption price is 100% of principal plus accrued and unpaid interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/09/2026 - 07:06 PM Accepted by SEC EDGAR 10/09/2026 - 04:33 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 9, 2026

DIGITAL REALTY TRUST, INC.

DIGITAL REALTY TRUST, L.P.

(Exact name of registrant as specified in its charter)

Maryland		001-32336		26-0081711
Maryland		000-54023		20-2402955
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)
601 West 2nd Street, Floor 32 Austin, Texas				78701
(Address of principal executive offices)				(Zip Code)

(737) 281-0101

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock		DLR		New York Stock Exchange
Series J Cumulative Redeemable Preferred Stock		DLR Pr J		New York Stock Exchange
Series K Cumulative Redeemable Preferred Stock		DLR Pr K		New York Stock Exchange
Series L Cumulative Redeemable Preferred Stock		DLR Pr L		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Digital Realty Trust, Inc.:		Emerging growth company		☐
Digital Realty Trust, L.P.:		Emerging growth company		☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Digital Realty Trust, Inc.: ☐

Digital Realty Trust, L.P.: ☐

Introductory Note

Unless otherwise indicated or unless the context requires otherwise, all references in this report to “we,” “us,” “our,” “our company,” “the company” or “Digital Realty” refer to Digital Realty Trust, Inc., together with its consolidated subsidiaries, including Digital Realty Trust, L.P., our “operating partnership.”

Item 1.01. Entry into a Material Definitive Agreement.

On October 9, 2026, Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, issued and sold €1,000,000,000 aggregate principal amount of 5.125% Guaranteed Notes due 2036 denominated in Euros (the “Euro Notes”). The Euro Notes are senior unsecured obligations of Digital Euro Finco, LLC and are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership. The Euro Notes were sold outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Euro Notes have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements.

The terms of the Euro Notes are governed by an indenture dated as of October 9, 2026, among Digital Euro Finco, LLC, Digital Realty Trust, Inc., the operating partnership, Deutsche Trustee Company Limited, as trustee, Deutsche Bank AG, London Branch, as paying agent and a transfer agent, and Deutsche Bank Luxembourg S.A., as registrar (the “Indenture”), a copy of which is attached hereto as Exhibit 4.1 and incorporated herein by reference. The Indenture contains various restrictive covenants, including limitations on our ability to incur additional indebtedness and requirements to maintain a pool of unencumbered assets. The descriptions of the Indenture, the Euro Notes and the guarantees in this report are summaries and are qualified in their entirety by the terms of the Indenture, including the form of the Euro Notes included therein.

Net proceeds from the offering of the Euro Notes were approximately €985.8 million after deducting managers’ discounts and estimated offering expenses. We intend to allocate an amount equal to the net proceeds from the offering of the Euro Notes to finance or refinance, in part or in full, new and/or existing renewable energy, energy efficiency, pollution prevention and control, environmentally sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, clean transportation, sustainable water and wastewater management, climate change adaptation and green building projects, including the development and redevelopment of such projects (collectively, “Eligible Green Projects”). Pending the allocation of an amount equal to the net proceeds from the offering of the Euro Notes to Eligible Green Projects, all or a portion of an amount equal to the net proceeds from the Euro Notes may be used to temporarily repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with Digital Realty Trust, Inc.’s intention to qualify as a REIT for U.S. federal income tax purposes, and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt, or the redemption, repurchase, repayment or retirement of outstanding equity or debt securities, or a combination of the foregoing.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 9, 2026, Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, issued and sold €1,000,000,000 aggregate principal amount of Euro Notes. The purchase price paid by the initial purchasers for the Euro Notes was 99.289% of the principal amount thereof. The Euro Notes bear interest at the rate of 5.125% per annum and will mature on October 9, 2036. Interest is payable on the Euro Notes on October 9 of each year beginning on October 9, 2027.

The Euro Notes are senior unsecured obligations of Digital Euro Finco, LLC and rank equally in right of payment with all of Digital Euro Finco, LLC’s other existing and future senior unsecured and unsubordinated indebtedness. Digital Euro Finco, LLC’s obligations under the Euro Notes are fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership.

The Euro Notes are redeemable in whole at any time or in part from time to time, at Digital Euro Finco, LLC’s option, at a redemption price equal to the sum of:

• an amount equal to 100% of the principal amount of the Euro Notes to be redeemed plus accrued and unpaid interest up to, but not including, the redemption date; and

• a make-whole premium calculated in accordance with the terms of the Indenture.

Notwithstanding the foregoing, if any of the Euro Notes are redeemed on or after 90 days prior to the maturity date of the Euro Notes, the redemption price for the Euro Notes will not include a make-whole premium.

All payments of principal and interest on the Euro Notes will be made free and clear of and without withholding or deduction for or on account of any present or future tax, assessment or other governmental charge imposed by the United States or a political subdivision or taxing authority thereof or therein having power to tax, unless the withholding of such tax, assessment or governmental charge is required by law or the official interpretation or administration thereof. In the event such withholding or deduction of taxes is required by law, then, subject to certain exceptions (including any taxes, assessments or other governmental charges imposed by the United States or a political subdivision or taxing authority thereof or therein having power to tax), Digital Euro Finco, LLC will pay such “additional amounts” necessary so that the net payment of the principal of and interest on the Euro Notes to a holder who is not a United States person for United States federal income tax purposes, including additional amounts, after the withholding or deduction, will not be less than the amount provided in such Euro Notes to be then due and payable.

If, due to certain changes in tax law, Digital Euro Finco, LLC has or will become obligated to pay additional amounts on the Euro Notes or if there is a substantial probability that Digital Euro Finco, LLC will become obligated to pay additional amounts on the Euro Notes, then Digital Euro Finco, LLC may, on giving not less than 15 days’ nor more than 45 days’ notice, at its option, redeem the Euro Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Euro Notes to be redeemed, together with interest accrued and unpaid to the date fixed for redemption.

Certain events are considered events of default, which may result in the accelerated maturity of the Euro Notes, including:

• a default for 30 days in payment of any installment of interest under the Euro Notes;

• a default in the payment of the principal amount or redemption price due with respect to the Euro Notes, when the same becomes due and payable;

• Digital Euro Finco, LLC’s, Digital Realty Trust, Inc.’s, or the operating partnership’s failure to comply with any of their respective other agreements in the Euro Notes or the Indenture upon receipt by Digital Euro Finco, LLC, Digital Realty Trust, Inc., or the operating partnership of notice of such default from the trustee or from holders of not less than 25% in aggregate principal amount of the Euro Notes then outstanding and Digital Euro Finco, LLC’s, Digital Realty Trust, Inc.’s, or the operating partnership’s failure to cure (or obtain a waiver of) such default within 90 days after receipt of such notice;

• failure to pay any indebtedness (other than non-recourse indebtedness) that is (a) of Digital Euro Finco, LLC, Digital Realty Trust, Inc., the operating partnership, any subsidiary in which the operating partnership has invested at least $125,000,000 in capital, which we refer to as a Significant Subsidiary, or any entity in which the operating partnership is the general partner, and (b) in an outstanding principal amount in excess of $125,000,000 at final maturity or upon acceleration after the expiration of any applicable grace period, which indebtedness (other than non-recourse indebtedness) is not discharged, or such default in payment or acceleration is not cured or rescinded, within 60 days after written notice to Digital Euro Finco, LLC from the trustee (or to Digital Euro Finco, LLC and the trustee from holders of at least 25% in principal amount of the outstanding Euro Notes); or

• certain events of bankruptcy, insolvency or reorganization, or court appointment of a receiver, liquidator or trustee of Digital Euro Finco, LLC, Digital Realty Trust, Inc., the operating partnership or any Significant Subsidiary or any substantial part of their respective property.

Item  9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
4.1		Indenture, dated as of October 9, 2026, among Digital Euro Finco, LLC, Digital Realty Trust, Inc., Digital Realty Trust, L.P., Deutsche Trustee Company Limited, as trustee, Deutsche Bank AG, London Branch, as paying agent and a transfer agent, and Deutsche Bank Luxembourg S.A., as registrar, including the form of the 5.125% Guaranteed Notes due 2036.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 9, 2026

		Digital Realty Trust, Inc.
By:		/s/ Jeannie Lee
		Jeannie Lee
		Executive Vice President, General Counsel and Secretary
		Digital Realty Trust, L.P.
By:		Digital Realty Trust, Inc.
		Its general partner
By:		/s/ Jeannie Lee
		Jeannie Lee
		Executive Vice President, General Counsel and Secretary

Filing Exhibits & Attachments

2 documents

Other Documents

• EX-4.1 EX-4.1 569.7 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 55.7 KB