Preferred Equity Offering

Real Estate
Preferred Equity Offering


Baird served as a co-manager in this offering.


DuPont Fabros Technology, Inc. (NYSE: DFT)(“DuPont Fabros” or the “Company”) recently completed an offering of 7,000,000 shares of 7.875% Series A Cumulative Redeemable Perpetual Preferred Stock with a liquidation preference of $25 per share, generating $175 million of gross proceeds. DuPont Fabros also granted the underwriters the option to purchase up to an additional 1,050,000 shares to cover any overallotments. The Company intends to use all of the net proceeds from this offering, plus a portion of its available cash balances, to pay off in full its ACC4 Term Loan, which has an outstanding balance of $196.5 million.

DuPont Fabros Technology, Inc. is a real estate investment trust (REIT) and a leading owner, developer, operator and manager of large-scale data center facilities leased to tenants under long-term leases. The Company's data centers are highly specialized, secure facilities used by tenants to house, power and cool the computer servers which support many of their most critical business processes. DuPont Fabros leases the raised square footage and available power of each of its facilities to tenants under long-term triple-net leases, which contain annual rental increases. The data centers are strategically located in major population centers with significant electrical power availability and hubs of extensive fiber network connectivity.

For additional information about this transaction, please contact:

Rick Conklin (312) 609-5480
Mark Decker, Jr. (703) 821-5761
Real Estate
Preferred Equity Offering
October 2010
DuPont Fabros Technology, Inc.
Real Estate
Target Location
North America