WASHINGTON, Feb. 23, 2017 (GLOBE NEWSWIRE) -- DuPont Fabros Technology, Inc. (NYSE:DFT) (the “Company”) today announced that it had established an “at-the-market” program through which it may issue and sell, from time to time, up to an aggregate of $200 million of the Company’s shares of common stock, par value $0.001 per share (the “Common Stock”), pursuant to separate equity distribution agreements with each of KeyBanc Capital Markets Inc., Robert W. Baird & Co. Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Raymond James & Associates, Inc., RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC.
Sales of the Common Stock, if any, would be made in “at the market” offerings as defined in Rule 415 of the Securities Act of 1933. In addition, the Common Stock may be offered and sold through privately negotiated transactions. The Company intends to use the net proceeds from these sales, if any, for general corporate purposes, which may include, without limitation, the repayment of borrowings under its unsecured revolving credit facility and its unsecured term loan, the construction of development properties, capital expenditures and working capital.
Sales of the Common Stock, if any, will be made pursuant to a prospectus dated June 2, 2015 and a prospectus supplement filed with the Securities and Exchange Commission (the “SEC”) on February 23, 2017, in connection with one or more offerings of shares under the automatic shelf registration statement on Form S-3 (Registration No. 333-204635) filed with the SEC on June 2, 2015. Copies of the prospectus supplement relating to the offering may be obtained by visiting EDGAR on the SEC’s website at 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 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, 2016 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 11 data centers are located in three major U.S. markets, which total 3.3 million gross square feet and 287 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology, Inc. is a real estate investment trust (REIT) headquartered in Washington, D.C.
Contact: Jeffrey H. Foster, Chief Financial Officer of DuPont Fabros Technology, Inc., +1-202-478-2333
Source:DuPont Fabros Technology, Inc.