, Singapore
Photo from Shutterstock

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.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.