QTS Realty Trust has priced US$300m senior notes at 99.21 as the US data centre operator looks to refinance debt.
The paper matures in 2022 and carries a 5.875% coupon to yield 5.921%.
QTS said the proceeds will be used to repay US$75m outstanding…
QTS Realty Trust has priced US$300m senior notes at 99.21 as the US data centre operator looks to refinance debt.
The paper matures in 2022 and carries a 5.875% coupon to yield 5.921%.
QTS said the proceeds will be used to repay US$75m outstanding under its unsecured term loan, as well as the outstanding balances on its unsecured credit facility and revolver.
The Overland Park, Kansas-based company is issuing the notes through subsidiaries QualityTech, LP and QTS Finance Corporation.
QTS listed on the Nasdaq last October at US$21 per share to raise US$257m. Since then its stock has risen more than 32% to US$27.85.
It owns and operates 12 data centres in eight states with 4.7 million square feet of data centre space.
