Capital Offerings Profile - DFT (NYSE)
Capital Offerings Profile| Company 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
|
