Digital Realty Trust issues €1 billion in green euro notes due 2036

Digital Realty Trust, Inc. and its operating partnership, Digital Realty Trust, L.P., have issued €1,000,000,000 aggregate principal amount of 5.125% Guaranteed Notes due 2036. The notes were issued by Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the operating partnership, and are fully and unconditionally guaranteed by the parent company and the operating partnership. The transaction was reported to the U.S. Securities and Exchange Commission on October 9, 2026.

The Euro Notes were sold outside the United States in reliance on Regulation S under the Securities Act of 1934. They are senior unsecured obligations that rank equally with all other existing and future senior unsecured and unsubordinated indebtedness of Digital Euro Finco, LLC. The initial purchasers paid a price of 99.289% of the principal amount, resulting in net proceeds of approximately €985.8 million after deducting managers' discounts and estimated offering expenses.

Interest on the notes is payable annually on October 9, beginning on October 9, 2027. The notes will mature on October 9, 2036. Digital Euro Finco, LLC has the option to redeem the notes in whole or in part at any time. If redeemed, the redemption price includes 100% of the principal amount plus accrued and unpaid interest up to the redemption date, along with a make-whole premium calculated according to the indenture terms.

The company intends to allocate an amount equal to the net proceeds to finance or refinance eligible green projects. These projects include renewable energy, energy efficiency, pollution prevention, sustainable water management, climate change adaptation, and green building developments. Until these funds are allocated to specific projects, the company may temporarily use the proceeds for various purposes. These include repaying borrowings under global revolving credit facilities, acquiring properties or businesses, funding development opportunities, investing in interest-bearing accounts, and providing working capital. The company also noted that any temporary use of funds must remain consistent with its intention to qualify as a real estate investment trust for U.S. federal income tax purposes.

The terms of the notes are governed by an indenture dated October 9, 2026. The parties involved in this agreement include Deutsche Trustee Company Limited as trustee, Deutsche Bank AG London Branch as paying agent and transfer agent, and Deutsche Bank Luxembourg S.A. as registrar. The indenture contains restrictive covenants that limit the company's ability to incur additional debt and require it to maintain a pool of unencumbered assets.

The notes are listed on the New York Stock Exchange under the symbols DLR Pr J, DLR Pr K, and DLR Pr L for preferred stock classes, while the common stock trades under DLR. The company is headquartered at 601 West 2nd Street in Austin, Texas. This issuance represents a direct financial obligation for the registrant, as detailed in Item 2.03 of the current report.