WASHINGTON, Jan. 12, 2012 /PRNewswire/ -- DuPont Fabros
Technology, Inc. (NYSE: DFT) today announced that it has
commenced an underwritten public offering of additional
shares of its Series B Cumulative Redeemable Perpetual
Preferred Stock. The joint book-running managers for this
offering are Barclays Capital, Raymond James, Jefferies and
Stifel Nicolaus Weisel, and the co-manager is KeyBanc Capital
Markets. The company expects to grant the underwriters a
30-day option to purchase up to an additional 15% of the
shares of Series B Preferred Stock initially sold to the
public to cover overallotments, if any. The outstanding
shares of Series B Preferred Stock currently trade on the New
York Stock Exchange under the symbol "DFTPrB". The
company will apply to list the additional shares on the New
York Stock Exchange under the same symbol.
The company intends to use all of the net proceeds from this
offering to repay outstanding borrowings under its
$100 million revolving credit facility and for other general
corporate purposes.
An automatic shelf registration statement with respect to
this offering was previously filed with the Securities and
Exchange Commission on November 4, 2010. A prospectus
supplement relating to the offering has been filed with the
Securities and Exchange Commission.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale
of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any state. The
offering may be made only by means of a prospectus and
related prospectus supplement. Copies of the prospectus
supplement and the accompanying prospectus relating to these
securities may be obtained from Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by calling (888) 603-5847; or Raymond
James & Associates, Inc., 880
Carillon Parkway, St. Petersburg, FL 33716 or by calling
(800) 248-8863.
DuPont Fabros Technology, Inc. is a real estate investment
trust (REIT) and leading owner, developer, operator and
manager of wholesale data centers. The Company's data
centers are highly specialized, secure facilities
used primarily by national and international technology
companies to house, power and cool the computer servers which
support many of their most critical business processes.
DuPont Fabros Technology, Inc. is headquartered in
Washington, DC.
CONTACT: Mark Wetzel, Executive Vice President, Chief
Financial Officer and Treasurer of DuPont Fabros
Technology, Inc., +1-202-728-0033
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