Digital Core REIT plans to raise $100m through private placement

The REIT will use 75% of the proceeds for future potential acquisitions in Japan and Frankfurt, Germany.

Digital Core REIT has proposed a private placement to raise gross proceeds of no less than $100m.

The REIT plans to price the private placement between $0.8100 (US$0.6000) and $0.8400 (US$0.6250) per new unit, representing a discount of about 8.8% and 5%, respectively, to the volume weighted average price (VWAP) of $0.88 (US$0.6579) per unit on the preceding market day.

Citigroup Global Markets Singapore, DBS Bank Ltd., Merrill Lynch (Singapore), BNP Paribas (Singapore), and the United Overseas Bank will serve as the joint bookrunners and underwriters of the private placement.

The REIT plans to use 75% of the proceeds for future potential acquisitions in Japan and Frankfurt, Germany.

The REIT will use 22.5% of the proceeds to repay debt and the remaining 2.5% to pay fees and expenses related to the private placement.

The new units under the private placement will be made available to eligible institutional, accredited, and other investors.

Follow the link for more news on

private placement

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia