Digital Realty Trust, Inc. announced significant developments aimed at enhancing its operational and financial flexibility. On December 20, 2024, the company's Board of Directors approved an amendment to its charter, increasing the number of authorized common stock shares from 392 million to 502 million. This amendment, effective December 23, 2024, underscores Digital Realty's commitment to supporting future growth and strategic initiatives.
Additionally, Digital Realty launched a new ATM Equity Offering program, allowing for the issuance and sale of up to $3 billion in common stock. This program, managed in partnership with leading financial institutions, provides the company with the ability to raise capital through at-the-market transactions, forward sale agreements, or negotiated sales. Proceeds will be used for property acquisitions, development opportunities, debt repayment, and other corporate purposes. This move replaces the company's previous ATM program, which raised approximately $923.2 million in net proceeds.
2024-12-26
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