Digital Core REIT refinances $917m debt with $1.05b loans

The new loans will mature between 2030 and 2032 across three tranches.

Digital Core REIT has recast $1.05b (US$818m) in credit facilities to refinance its existing $917m (US$716m) term loan and multicurrency revolving credit facilities.

The recast facilities comprise a $252m (US$197m) senior unsecured multicurrency term loan maturing in 2030 and a $352m (US$275m) senior unsecured multicurrency revolving loan facility maturing in 2031.

The package also includes a $442m (US$346m) senior unsecured multicurrency term loan maturing in 2032, which includes Japanese yen- and Singapore dollar-denominated tranches.

The maturity dates of the recast facilities have been extended by approximately two and a half years.

The facilities also offer the flexibility to increase the total borrowing amount by up to $640m (US$500m).

The trust said the facilities will also be used for working capital and other general corporate purposes.

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