Digital Realty (DLR) prices $200 million 5.85% Series K cumulative preferred stock.

Digital Realty Trust (DLR) announced today that it has priced an 8 million share offering of its 5.85% Series K cumulative redeemable preferred stock for gross proceeds of $200 million.  An additional 1.2 million shares are available in a greenshoe option.

As of December 31, 2018, DLR had $1.266 billion in liquidation value of preferred stock outstanding, including its $365 million 7.375% Series H issue which is callable on March 26, 2019.