last week

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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.

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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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Thirteen banks participated in the new facility, which nowmatures in August 2010 and has two one-year extension options.Digital Realty said the applicable margin ranges from 12.5 to 25basis points lower than the applicable margin for the earlierfacility and the covenants have been modified to provide it withgreater financial flexibility and increased borrowing capacity.

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Prior to the changes, as of June 31, Digital Realty's unsecuredcredit facility carried an interest rate that was equal to 1-monthLibor plus 1.50% and matured on Oct. 31, 2008, according to themost recent 10Q filed with the SEC. Outstanding principal relatedto the facility was $114.3 million, split fairly evenly between USDollars, Euros and British Sterling.

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