Digital Core REIT secures $935m in loan facilities

It will primarily refinance the existing $917m term loan and multicurrency revolving credit facilities.

Digital Core REIT, a leading data centre REIT sponsored by Digital Realty, has announced the recasting of $935m (US$716m) in loan facilities. 

This includes a $475m (US$363m) senior unsecured multicurrency term loan maturing in 2030, a (US$78m) senior unsecured term loan maturing in 2029, and a $360m (US$275m) senior unsecured revolving multicurrency loan facility, also maturing in 2029, with options for two six-month extensions.

The funds will primarily refinance the existing $917m (US$703m) term loan and multicurrency revolving credit facilities and will also support working capital and other corporate purposes. 

The new loan facilities extend maturities by approximately three years compared to the existing loans, and the revolving loan facility has increased by $98m (US$75m), allowing borrowing in multiple currencies.