WASHINGTON, March 18, 2016 (GLOBE NEWSWIRE) -- DuPont Fabros Technology, Inc. (the “Company”) (NYSE:DFT) today announced it has priced an underwritten public offering of 6,620,000 shares of common stock at a public offering price of $37.75 per share, for gross proceeds of $249.9 million. The Company also granted the underwriters of the offering a 30-day option to purchase up to an additional 993,000 shares of common stock. The offering is expected to close on or about March 22, 2016, subject to customary closing conditions.
The Company intends to use the net proceeds from this offering to fund its planned development activities, repay amounts outstanding under its unsecured line of credit under its unsecured credit facility and for general corporate purposes.
Goldman, Sachs & Co., KeyBanc Capital Markets, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, Stifel and SunTrust Robinson Humphrey will serve as joint book-running managers for the offering.
A shelf registration statement relating to the securities in this offering has been filed previously with the Securities and Exchange Commission (the “SEC”) and is effective. Any offer of the securities will be made exclusively by means of a prospectus supplement and accompanying prospectus. Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus included in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering of the securities. Copies of these documents may be obtained by contacting: (a) Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, Attn: Prospectus Department, by calling 866-471-2526, or by e-mail at email@example.com; KeyBanc Capital Markets Inc. at 127 Public Square, 4th Floor, Cleveland, Ohio 44114, Attn: Prospectus Delivery Department, by calling 800-859-1783; Credit Suisse Securities (USA) LLC at One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, by calling 800-221-1037, or by email at firstname.lastname@example.org; Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York 10005, Attn: Prospectus Group, by calling (800) 503-4611, or by email at email@example.com; RBC Capital Markets, LLC at 3 World Financial Center, 200 Vesey Street, 10th Floor, New York, NY 10281, Attn: High Yield Capital Markets, by calling 877-280-1299, or by e-mail at CM-USA-PROSPECTUS@rbc.com; Stifel, Nicolaus & Company, Incorporated at 787 7th Avenue, 11th Floor, New York, NY 10019, Attn: James Steinlage, Debt Capital Markets, by calling 212-847-6675, or by e-mail at firstname.lastname@example.org; or SunTrust Robinson Humphrey, Inc. at 3333 Peachtree Road, 10th Floor, Atlanta, GA 30326, Attn: Prospectus Dept., by calling (800) 685-4786, or by e-mail at STRHdocs@SunTrust.com; or (b) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, whether or not the Company will offer the securities or consummate the offering, the anticipated terms of the offering, and the anticipated use of the proceeds of the offering. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statements, see the risk factors described under the “Risk Factors” section of the prospectus supplement and the risk factors incorporated by reference therein from the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 and in other documents that the Company files from time to time with the SEC.
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of enterprise-class, carrier neutral, large multi-tenant wholesale data centers. The Company’s facilities are designed to offer highly specialized, efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services. The Company’s 12 data centers are located in four major U.S. markets, which total 3 million gross square feet and 266 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, D.C.
For Additional Information: Jeffrey H. Foster Chief Financial Officer +1 (202) 478-2333
Source:DuPont Fabros Technology, Inc.