WASHINGTON, June 4, 2015 /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE:DFT, news, filings) (the "Company"), today announced that its subsidiary DuPont Fabros Technology, L.P. (the "Operating Partnership") has priced the previously announced offering of $250 million aggregate principal amount of its senior notes due 2023 (the "Notes"). The Notes will have an interest rate of 5.625% per annum and will be issued at a price equal to 99.205% of their face value. The Notes will mature on June 15, 2023.
The Company estimates that the net proceeds from this offering, after deducting the underwriting discount and expenses related to this offering, will be approximately $244.4 million. The offering is expected to close on or about June 9, 2015, subject to customary closing conditions.
The Company intends to use the net proceeds from this offering to repay outstanding borrowings under its unsecured credit facility and for general corporate purposes, including funding the Company's development activities.
The Notes will be unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the Company and certain of its subsidiaries.
SunTrust Robinson Humphrey, Goldman, Sachs & Co., KeyBanc Capital Markets, RBC Capital Markets, Regions Securities LLC and Stifel are acting as joint book-running managers for the offering of the Notes.
A shelf registration statement relating to the Notes in this offering has been filed previously with the Securities and Exchange Commission (the "SEC") and is effective. Any offer of the Notes will be made exclusively by means of a prospectus supplement and accompanying prospectus. Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus included in the registration statement and other documents the Company and the Operating Partnership have filed with the SEC for more complete information about the Company and the Operating Partnership and the offering of the Notes. Copies of these documents may be obtained by contacting SunTrust Robinson Humphrey at 3333 Peachtree Road, 10th Floor, Atlanta, GA 30326, Attn: Prospectus Dept., by calling (800) 685-4786, or by e-mail atSTRHdocs@SunTrust.com, by contacting Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, Attn: Prospectus Department, by calling 866-471-2526, or by e-mail at email@example.com, by contacting KeyBanc Capital Markets at 127 Public Square, 4th Floor, Cleveland, Ohio 44114, Attn: Debt Capital Markets, by calling (866) 227-6479, or by e-mail at Debt_Capital_Markets@KeyBank.com, by contacting RBC Capital Markets at 3 World Financial Center, 200 Vesey Street, 10th Floor, New York, NY 10281, Attn: High Yield Capital Markets, by calling 877-280-1299, or by e-mail at CM-USA-PROSPECTUS@rbc.com, by contacting Regions Securities LLC at 1180 West Peachtree Street NW, Suite 1400, Atlanta, Georgia 30309, Attn: Corporate and Leveraged Finance, by calling 404-279-7400, or by contacting Stifel at 787 7th Avenue, 11th Floor, New York, NY 10019, Attn: James Steinlage, Stifel Debt Capital Markets, by calling 212-847-6675, or by e-mail at firstname.lastname@example.org.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, whether or not the Operating Partnership will offer the Notes or consummate the offering, the anticipated terms of the Notes and the offering, and the anticipated use of the proceeds of the offering. Neither the Company nor the Operating Partnership undertakes any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statements, see the risk factors described under the "Risk Factors" section of the prospectus supplement and the risk factors incorporated by reference therein from the Company's and Operating Partnership's joint Annual Report on Form 10-K for the year ended December 31, 2014 and in other documents that the Company and Operating Partnership file from time to time with the SEC.
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of enterprise-class, carrier neutral, large multi-tenant wholesale data centers. The Company's facilities are designed to offer highly specialized, efficient and safe computing environments in a low-cost operating model. The Company's customers outsource their mission critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services. The Company's 11 data centers are located in four major U.S. markets, which total 2.8 million gross square feet and 249 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, D.C.
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SOURCE DuPont Fabros Technology, Inc.