Capital Offerings Profile - DFT (NYSE)
Capital Offerings ProfileCompany Name | DuPont Fabros Technology, Inc. |
Offering Type | Preferred Equity |
Description | 7.625% Series B cumulative redeemable perpetual preferred stock, $0.001 par value |
ISIN | US26613Q3048 |
Currency of Issue | USD |
Trading Symbol (Exchange) | DFT.B (NYSE) |
Announcement Date | 1/12/2012 |
Trade Date | 1/13/2012 |
Settlement Date | 1/19/2012 |
Completion Date | 1/13/2012 |
Overallotment Expiration | 2/18/2012 |
Lock-up Expiration | 3/13/2012 |
Shelf Filing Date | 11/4/2010 |
144a? | No |
Mandatory Redemption? | No |
Convertible? | No |
Exchange for Existing Issue? | No |
Use of Proceeds
The company intends to use all of the net proceeds from this offering to repay outstanding borrowings under the company's $100 million revolving credit facility and for other general corporate purposes.
Pricing
Offer Price ($)
|
25.0000
|
Gross Amount Offered ($000)
|
65,000
|
Amount Including Overallotment ($000)
|
65,000
|
Shares Offered
|
2,600,000
|
Total Shares Offered
|
2,600,000
|
Overallotments
Overallotment Amount Available ($000)
|
9,750
|
Overallotment Shares Available
|
390,000
|
Current Security Ratings
Moody's Corporation
|
Ba2
|
Standard & Poor's Corp.
|
B-
|
Underwriting Fees
Gross Spread ($)
|
0.79
|
Gross Spread (%)
|
3.15
|
Underwriters | Shares Underwritten | Amount Underwritten($000) |
Book Manager(s) |
Jefferies LLC
|
702,000
|
17,550
|
Barclays Capital Inc.
|
689,000
|
17,225
|
Raymond James & Associates, Inc.
|
689,000
|
17,225
|
Stifel, Nicolaus & Company, Incorporated
|
390,000
|
9,750
|
Co-Manager(s) |
KeyBanc Capital Markets Inc.
|
130,000
|
3,250
|
Professionals
Issuer's Counsel
|
Hogan Lovells US LLP
|
Auditor(s)
|
Ernst & Young LLP
|
Clearing House(s)
|
Depository Trust Company
|