Unless otherwise indicated or unless the context requires otherwise, all references in this report to “we,” “us,” “our,” “our company,” “the company” or “Digital Realty” refer to Digital Realty Trust, Inc. and references to our “operating partnership” refer to Digital Realty Trust, L.P.
On September 24, 2024, the operating partnership, together with Digital US Finco, LLC, Digital Singapore Jurong East Pte. Ltd., Digital Singapore 1 Pte. Ltd., Digital HK JV Holding Limited, Digital Singapore 2 Pte. Ltd., Digital HK Kin Chuen Limited, Digital Stout Holding, LLC, Digital Japan, LLC, Digital Euro Finco, L.P., Moose Ventures LP, Digital Dutch Finco B.V., Digital Realty Datafirm, LLC, Digital Realty Datafirm 2, LLC, Digital Realty Korea Ltd., Digital Seoul 2 Ltd., PT Digital Jakarta One, and any additional borrowers, as borrowers, and the company, the operating partnership, Digital Euro Finco, LLC, and any additional guarantors, as guarantors, the banks, financial institutions and other institutional lenders listed therein as the initial lenders, each issuing bank as listed therein and swing line bank, Citibank, N.A., as administrative agent for the lender parties defined therein, BofA Securities, Inc. and Citibank, N.A., as
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structuring agents, and certain other parties entered into a Third Amended and Restated Global Senior Credit Agreement (the “Global Credit Agreement”) which governs a $4.2 billion equivalent senior unsecured revolving credit facility (the “Global Revolving Credit Facility”). The Global Credit Agreement amends and restates in its entirety that certain Second Amended and Restated Global Senior Credit Agreement, dated as of November 18, 2021, among the operating partnership and the other initial borrowers named therein and additional borrowers party thereto, as borrowers, the company, the operating partnership, Digital Euro Finco, LLC, and the additional guarantors party thereto, as guarantors, the banks, financial institutions and other institutional lenders listed therein, as the initial lenders, each issuing bank and swing line bank as listed therein, Citibank, N.A., as administrative agent, BofA Securities, Inc. and Citibank, as
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structuring agents and certain other parties. The Global Revolving Credit Facility provides for borrowings in Australian dollars, British pounds sterling, Canadian dollars, euros, Hong Kong dollars, Indon
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piah, Japanese yen, Korean won, Singapore dollars, Swiss francs and U.S. dollars, and includes the ability to add additional currencies in the future. The Global Revolving Credit Facility also provides for a letter of credit subfacility with an aggregate sublimit of the equivalent in the applicable currencies of up to approximately $350 million. The Global Revolving Credit Facility matures on January 24, 2029, which date may be extended by the operating partnership by six additional months on up to two occasions, subject to the satisfaction of certain customary conditions, including the payment of an extension fee of 6.25 basis points on the aggregate amount of the then-outstanding revolving commitments for each such extension. In addition, we have the ability from time to time to increase the Global Revolving Credit Facility, which may be in the form of additional revolving commitments or one or more new tranches of term loans or delayed term loans, up to an additional aggregate amount not to exceed $1.8 billion (including the equivalent in the applicable currencies), subject to receipt of lender commitments and the satisfaction of certain customary conditions precedent.
The interest rate for borrowings under the Global Revolving Credit Facility is, at the option of the applicable borrower, based on a floating rate benchmark based on the currency of the borrowings, and subject to certain credit spread adjustments specified in the Global Credit Agreement, as applicable, or a base rate, plus an Applicable Margin (as defined in the Global Credit Agreement) based on the credit rating of our long-term senior unsecured debt. As of September 24, 2024, the Applicable Margin for floating rate advances is 85 basis points, and the applicable rate for base rate advances is 0 basis points. An annual facility fee is payable quarterly in respect of the commitments under the Global Revolving Credit Facility and is also subject to pricing based on the credit rating of our long-term senior unsecured debt, which, as of September 24, 2024, is 20 basis points. In addition, the interest rate for borrowings and the facility fee under the Global Revolving Credit Facility are also subject to a sustainability-linked pricing component whereby (A) the Applicable Margin can increase by up to 4 basis points or