Item 7.01. Regulation FD Disclosure.




On January 5, 2021, Digital Realty issued a press release announcing the pricing
of the Euro Notes described under Item 8.01 below. A copy of the press release
is furnished as Exhibit 99.1 to this Current Report on Form
8-K.
The information included in this Current Report on Form
8-K
under this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for
the purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference into any filing made by the
company or the operating partnership under the Exchange Act or the Securities
Act of 1933, as amended (the "Securities Act"), except as shall be expressly set
forth by specific reference in such a filing.

Item 8.01. Other Events.




On January 5, 2021, Digital Intrepid Holding B.V., an indirect wholly owned
holding and finance subsidiary of the operating partnership, priced an offering
of €1,000,000,000 aggregate principal amount of 0.625% Guaranteed Notes due 2031
(the "Euro Notes"). The Euro Notes will be senior unsecured obligations of
Digital Intrepid Holding B.V. and will be fully and unconditionally guaranteed
by Digital Realty Trust, Inc. and the operating partnership. The Euro Notes are
being sold only outside the United States in reliance on Regulation S under the
Securities Act. The Euro Notes have not been and will not be registered under
the Securities Act and may not be offered or sold within the United States or to
United States persons (within the meaning of Regulation S under the Securities
Act) absent registration or an applicable exemption from registration
requirements.
Interest on the Euro Notes will be paid in cash annually in arrears at a rate of
0.625% per annum from and including January 12, 2021. The Euro Notes will be
issued pursuant to an indenture between Digital Intrepid Holding B.V., Digital
Realty Trust, Inc., the operating partnership, Deutsche Trustee Company Limited,
as trustee, Deutsche Bank AG, London Branch, as paying agent and a transfer
agent, and Deutsche Bank Luxembourg S.A., as registrar and a transfer agent,
setting forth the terms of the Euro Notes. Settlement of the offering of the
Euro Notes is expected to occur on January 12, 2021, subject to the satisfaction
of customary closing conditions.
The company intends to allocate an amount equal to the net proceeds from the
offering of the Euro Notes to finance or refinance, in whole or in part,
recently completed or future green building, energy and resource efficiency and
renewable energy projects, including the development and redevelopment of such
projects (collectively, "Eligible Green Projects"). Pending the allocation of
the net proceeds of the Euro Notes to Eligible Green Projects, all or a portion
of an amount equal to the net proceeds from the Euro Notes may be used to
temporarily repay borrowings outstanding under the operating partnership's
global revolving credit facilities, acquire additional properties or businesses,
fund development opportunities, invest in interest-bearing accounts and
short-term, interest-bearing securities which are consistent with Digital Realty
Trust, Inc.'s intention to qualify as a REIT for U.S. federal income tax
purposes, and to provide for working capital and other general corporate
purposes, including potentially for the repayment of other debt, or the
redemption, repurchase, repayment or retirement of outstanding equity or debt
securities, or a combination of the foregoing.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form
8-K
contains certain "forward-looking" statements as that term is defined by
Section 27A of the Securities Act and Section 21E of the Exchange Act.
Statements that are predictive in nature, that depend on or relate to future
events or conditions, or that include words such as "believes", "anticipates",
"expects", "may", "will", "would", "should", "estimates", "could", "intends",
"plans" or other similar expressions are forward-looking
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statements. Forward-looking statements involve significant known and unknown
risks and uncertainties that may cause the company's actual results in future
periods to differ materially from those projected or contemplated in the
forward-looking statements as a result of, but not limited to, the following
factors: timing and consummation of the offering of the Euro Notes; the intended
use of the net proceeds from the offering of the Euro Notes; risks and
uncertainties related to market conditions and satisfaction of customary closing
conditions related to the offering of the Euro Notes; and the impact of
legislative, regulatory and competitive changes and other risk factors relating
to the industries in which we operate, as detailed from time to time in each of
our reports filed with the SEC. There can be no assurance that the proposed
transactions will be consummated on the terms described herein or at all.
The risks included here are not exhaustive, and additional factors could
adversely affect our business and financial performance. We discussed a number
of additional material risks in our annual report on Form
10-K
for the year ended December 31, 2019, our quarterly reports on Form
10-Q
for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and
other filings with the Securities and Exchange Commission. Those risks continue
to be relevant to our performance and financial condition. Moreover, we operate
in a very competitive and rapidly changing environment. New risk factors emerge
from time to time and it is not possible for management to predict all such risk
factors, nor can it assess the impact of all such risk factors on the business
or the extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking
statements. We expressly disclaim any responsibility to update forward-looking
statements, whether as a result of new information, future events or otherwise.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.

Exhibit No.      Description

 99.1              Press Release of Digital Realty dated January 5, 2021

104              Cover Page Interactive Data File (embedded within the Inline XBRL
                 document)

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