Company Release - 08/31/2010 09:00
WASHINGTON, Aug. 31 /PRNewswire-FirstCall/ -- DuPont Fabros Technology, Inc. (NYSE:DFT, news, filings) today announced that the Company utilized the accordion feature under its unsecured revolving credit facility to increase the current borrowing amount from $85 million to $100 million. This $15 million increase fully maximizes the facility's accordion feature. The other key terms of the credit facility, which expires on May 6, 2013, remain unchanged. The credit facility may be used for general corporate purposes, including funding of the company's development pipeline. As of the date of this release, there have been no borrowings under this facility.
Mark L. Wetzel, Chief Financial Officer and Treasurer of the Company, stated, "We are pleased to have expanded the facility and filled the accordion. The additional capital capacity provides the financial flexibility to fund the future growth for the company."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a real estate investment trust (REIT) and leading owner, developer, operator and manager of wholesale data centers. The Company's data centers are highly specialized, secure facilities used primarily by national and international Internet and enterprise companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology, Inc. is headquartered in Washington, DC. For more information, please visit www.dft.com.
SOURCE DuPont Fabros Technology, Inc.
Contact: Christopher Warnke, Manager, Investor Relations of DuPont Fabros Technology, Inc., +1-202-478-2330, email@example.com