The company has begun an underwritten public offering of 11 millionshares of common stock. The joint book-running managers for thisoffering are KeyBanc Capital Markets, Raymond James, MacquarieCapital, RBC Capital Markets and Jefferies & Company. The companyexpects to grant the underwriters a 30-day option to purchase up to anadditional 1.65 million shares of common stock to cover overallotments,if any.

DuPont Fabros intends to use all of the proceeds from this offeringplus borrowings under its revolving credit facility to completedevelopment of the first phase of its data center in Santa Clara, CA,known as SC1, and to completely develop the first phase of its datacenter in Ashburn, VA, known as ACC6. A spokesperson for the REIT told GlobeSt.com that the company couldn't comment on when the offering would close or the proceeds expected.

DuPont Fabros also has entered into a $85 million unsecuredrevolving credit facility to replace the old secured facility, whichterminated in December 2009. The facility includes an accordionfeature which permits a $15 million increase. The new facility has aninitial maturity date of May 6, 2013, and includes a one-yearextension option. The interest rate on the new facility is LIBOR plus4.5% and includes a LIBOR floor of 1%.