DuPont Fabros Technology, Inc. Announces Launch of Series B Cumulative Redeemable Perpetual Preferred Stock Offering

WASHINGTON, March 1, 2011 /PRNewswire/ — DuPont Fabros Technology, Inc. (NYSE:DFT, news, filings) today announced that it has commenced an underwritten public offering of its Series B Cumulative Redeemable Perpetual Preferred Stock. The joint book-running managers for this offering are Barclays Capital, Raymond James, RBC Capital Markets, Jefferies and Stifel Nicolaus Weisel, and the co-managers are Oppenheimer & Co. and KeyBanc Capital Markets. The company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series B Preferred Stock initially sold to the public to cover overallotments, if any. The company intends to file an application to list the Series B Preferred Stock on the New York Stock Exchange.

The company intends to use all of the net proceeds from the offering together with borrowings under its $100 million revolving credit facility to develop the second phase of its CH1 data center in Elk Grove Village, Illinois.

An automatic shelf registration statement with respect to this offering was previously filed with the Securities and Exchange Commission on November 4, 2010. A prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (888) 603-5847; or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL33716 or by calling (800) 248-8863.

About DuPont Fabros Technology, Inc.

DuPont Fabros Technology, Inc. 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 technology companies to house, power and cool the computer servers which support many of their most critical business processes.  DuPont Fabros Technology, Inc. is headquartered in Washington, DC.

SOURCE DuPont Fabros Technology, Inc.