OVERLAND PARK, Kan.,
Dec. 21, 2016 /PRNewswire/
-- QTS Realty Trust (NYSE: QTS), one of the nation's largest
and fastest-growing providers of data center facilities and cloud
services, and a leader in security and compliance, today announced
its unsecured credit facility has been increased to $1.2 billion, up from $900
million. The unsecured credit facility is comprised of
a term loan in the amount of $300
million with a 5 year maturity, a term loan in the amount of
$200 million with a 5.5 year
maturity, and a four year $700
million revolving credit facility. The revolving
credit facility portion also has a one year extension option.
Interest rates can vary based on increased leverage levels. The
current interest rates on the term loans are LIBOR plus 1.5% and
the current rate on the revolving credit facility is LIBOR plus
1.55%, unchanged from the previous facility.
The credit facility also provides for a $300 million accordion feature to increase the
credit facility up to $1.5 billion,
subject to obtaining additional loan commitments.
QTS engaged KeyBank National Association to serve as
administrative agent and Bank of America, N.A., and TD Securities
(USA) LLC. to serve as
co-syndication agents, and Citizens Bank, National Association, PNC
Bank, National Association, SunTrust Bank, and Regions Bank (NYSE:
RF) to serve as co-documentation agents and KeyBank Capital
Markets, Inc. (NYSE: KEY), Merrill Lynch, Pierce, Fenner &
Smith Incorporated (NYSE: BAC) and TD Securities (USA) LLC, to serve as joint lead arrangers and
joint book runners for the amendment and extension. Nineteen
financial institutions make up the syndicate for the credit
facility.
"QTS appreciates the continued confidence and trust of our
lending partners," said Bill
Schafer, Chief Financial Officer - QTS. "The increased
credit facility capacity and extended term enhance the company's
financial flexibility and liquidity as we continue to expand our
facilities in Atlanta,
Dallas, New Jersey, Richmond, Santa Clara and Chicago."
QTS specializes in acquiring, developing and managing scalable
mega data centers in strategic markets. The company's
nationwide distribution maximizes the use of space, power and QTS
expertise to support customer growth and overall market demand.
About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a leading provider of
secure, compliant data center, hybrid cloud and managed services.
QTS features the nation's only fully integrated technology
services platform providing flexible, scalable solutions for
the federal government, financial services, healthcare and
high tech industries. QTS owns, operates or manages more than 5
million square feet of data center space and supports more than
1,000 customers in North America,
Europe and Asia Pacific. In
addition, QTS' Critical Facilities Management (CFM) provides
increased efficiency and greater performance for third-party data
center owners and operators. For more information, please
visit www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow
us on Twitter @DataCenters_QTS.
Investor Relations Contact:
Stephen Douglas
ir@qtsdatacenters.com
Media
Contact:
Sharon Goldmacher
communications 21
404.814.1330
sgoldmacher@c21pr.com
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SOURCE QTS Realty Trust, Inc.