STOCK TITAN

DLR begins Euro Reg S notes, guaranteed by parent and OP

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Digital Realty Trust (DLR)

The company intends to allocate an amount equal to the net proceeds to Eligible Green Projects, such as renewable energy, energy efficiency, pollution prevention and control, clean transportation, sustainable water and wastewater management, climate change adaptation and green buildings. Pending allocation, an amount equal to the net proceeds may temporarily repay borrowings under global revolving credit facilities, fund development, acquire properties or businesses, be invested in interest‑bearing accounts and short‑term securities consistent with REIT requirements, or be used for working capital and other general corporate purposes, including potential repayment or redemption of other securities.

Positive

  • None.

Negative

  • None.

Insights

Neutral financing step: Euro Reg S notes for green uses.

Digital Realty began an offering of two series of Euro‑denominated senior unsecured notes via a finance subsidiary, guaranteed by the parent and operating partnership. The structure centralizes funding while keeping the obligations at the unsecured level, typical for large REIT platforms.

Proceeds are targeted to “Eligible Green Projects,” aligning with green financing frameworks, with flexibility to temporarily repay revolvers, fund development or acquisitions, and address other corporate purposes. The offering occurs under Regulation S outside the U.S., with terms set at pricing and consummation subject to market conditions.

Without disclosed size, tenor, or coupons, potential impact hinges on final pricing and scale. Subsequent disclosures may specify the terms and any allocation to green projects after closing.

00012979960001494877falsefalse 0001297996 2025-11-12 2025-11-12 0001297996 dlr:DigitalRealtyTrustLPMember 2025-11-12 2025-11-12 0001297996 us-gaap:CommonStockMember 2025-11-12 2025-11-12 0001297996 dlr:SeriesJPreferredStockMember 2025-11-12 2025-11-12 0001297996 dlr:SeriesKPreferredStockMember 2025-11-12 2025-11-12 0001297996 dlr:SeriesLPreferredStockMember 2025-11-12 2025-11-12
 
 
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):
November 12, 2025
 
 
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.)
 
2323 Bryan Street, Suite 1800
Dallas, Texas
 
75201
(Address of principal executive offices)
 
(Zip Code)
(214)
231-1350
(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 8.01. Other Events.
On November 12, 2025, Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, commenced an offering of two series of Euro-denominated Guaranteed Notes (collectively, the “Euro Notes”). The Euro Notes will be senior unsecured obligations of Digital Euro Finco, LLC and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. and the operating partnership. Consummation of the offering is subject to market and other conditions. The Euro Notes will be offered only 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 final terms of the Euro Notes will be determined at the time of pricing.
The company intends 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 the net proceeds 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.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form
8-K
contains certain “forward-looking” statements as that term is defined by Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are predictive in nature, that depend on or relate to future events or conditions, or that include words such as “believes”, “anticipates”, “expects”, “may”, “will”, “would”, “should”, “estimates”, “could”, “intends”, “plans” or other similar expressions are forward-looking statements. Forward-looking statements involve significant known and unknown risks and uncertainties that may cause the company’s actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements as a result of, but not limited to, the following factors: timing and consummation of the offering of the Euro Notes; the intended use of the net proceeds from the offering of the Euro Notes; risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the offering of the Euro Notes; and the impact of legislative, regulatory and competitive changes and other risk factors relating to the industries in which we operate, as detailed from time to time in each of our reports filed with the SEC. There can be no assurance that the proposed transactions will be consummated on the terms described herein or at all.
The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance. We discussed a number of additional material risks in our annual report on Form
10-K
for the year ended December 31, 2024, our quarterly report on Form
10-Q
for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025, and other filings with the Securities and Exchange Commission. Those risks continue to be
 

relevant to our performance and financial condition. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise.

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: November 12, 2025
 
 
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

FAQ

What did DLR announce on November 12, 2025?

DLR disclosed that Digital Euro Finco, LLC commenced an offering of two series of Euro‑denominated senior unsecured Guaranteed Notes.

Are the new Euro Notes registered with the SEC?

No. They are offered outside the U.S. under Regulation S and are not registered under the Securities Act.

Who guarantees the Euro Notes for DLR?

The notes will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. and Digital Realty Trust, L.P.

Where will DLR offer these notes?

The notes will be offered only outside the United States in reliance on Regulation S.

How does DLR plan to use the net proceeds (DLR)?

DLR intends to allocate an amount equal to the net proceeds to Eligible Green Projects, with flexibility for temporary uses such as repaying revolvers and other corporate purposes.

What conditions apply to the offering?

Consummation is subject to market and other conditions, with final terms to be determined at the time of pricing.

What types of projects qualify as Eligible Green Projects?

Categories include renewable energy, energy efficiency, pollution prevention and control, clean transportation, sustainable water and wastewater management, climate change adaptation, and green buildings.
Digital Rlty Tr Inc

NYSE:DLR

DLR Rankings

DLR Latest News

DLR Latest SEC Filings

DLR Stock Data

53.72B
343.45M
0.02%
99.4%
2.26%
REIT - Specialty
Real Estate Investment Trusts
Link
United States
DALLAS