O’Melveny Represents Citicorp International in Digital Core REIT’s US$716 Million Credit Facilities
October 9, 2024
FOR IMMEDIATE RELEASE
NEW YORK—October 9, 2024—An O’Melveny team recently represented Citicorp International Limited, as facility agent, in connection with Digital Core REIT’s US$716 million of credit facilities, comprising a US$363 million senior unsecured multicurrency term loan facility, a €70 million (or approximately US$78 million) senior unsecured term loan facility and a US$275 million senior unsecured revolving multicurrency credit facility. The revolving multicurrency credit facility was structured to provide flexibility for borrowings in US dollars, Japanese yen, Euro, Canadian dollars, Singapore dollars and British pound sterling denominations. Digital Core REIT can increase the facilities by up to US$500 million.
Listed on the Main Board of the Singapore Exchange Securities Trading Limited, Digital Core REIT (SGX: DCRU) is the only pure-play data centre Singapore REIT (“S-REIT”) sponsored by a global best-in-class pure-play listed data centre owner and operator, Digital Realty. Digital Core REIT is an S-REIT established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes, as well as assets necessary to support the digital economy. Digital Core REIT seeks to create long-term, sustainable value for all stakeholders through ownership and operation of a stabilised and diversified portfolio of mission-critical data centre facilities concentrated in select global markets.
The O’Melveny team was led by New York Real Estate partner Malcolm Montgomery and counsel Anthony Roselle.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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