Digital Realty Trust Inc. announced that it has completed the refinancing of its global revolving credit facility and term loan. In conjunction with the refinancing, pricing was tightened by 10 basis points, the maturity date was extended by more than two years and aggregate commitments were expanded by $550 million. The combined facilities total $3.55 billion, consisting of a $2.0 billion line of credit and a $1.55 billion term loan.

The refinancing provides funds for acquisitions, development, redevelopment, debt repayment, working capital and general corporate purposes. The renewed $2.0 billion line of credit matures in January 2020, has two six-month extension options, and can be upsized by $500 million to approximately $2.5 billion. The $1.55 billion term loan includes a five-year, $1.25 billion multi-currency loan that matures in January 2021 and a seven-year, $300 million loan that matures in January 2023.

Total commitments can be increased up to $1.8 billion.