Digital Realty Trust owns 66 properties comprising approximately11.9 million sf (net rentable). The portfolio is spread throughoutNorth America and Europe. The company says it will use the proceedsto temporarily repay borrowings under its credit facility,ultimately allowing it to borrow the money again for additionalacquisitions, development and redevelopment opportunities.
In earlySeptember, the company modified, extended and expanded itssenior unsecured revolving credit facility, increasing the totalcapacity to $650 million from $500 million and gaining the optionto expand it by another $100 million. The company said it would usethe additional dollars for acquisitions and development, workingcapital and general corporate purposes.
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