Debt Of The Operating Partnership (Tables) (Digital Realty Trust, L.P. [Member])

6 Months Ended

Jun. 30, 2013

Summary Of Outstanding Indebtedness Of The Operating Partnership



Indebtedness	Interest Rate at June 30, 2013		Maturity Date		Principal Outstanding June 30, 2013		Principal Outstanding December 31, 2012
Global revolving credit facility	Various	⁽¹⁾	Nov. 3, 2015		$ 610,328	⁽²⁾	$ 723,729	⁽²⁾

Unsecured term loan	Various	⁽³⁾⁽⁹⁾	Apr. 16, 2017		$ 741,178	⁽⁴⁾	$ 757,839	⁽⁴⁾

Unsecured senior notes:
Prudential Shelf Facility:
Series B	9.320%		Nov. 5, 2013		33,000		33,000
Series C	9.680%		Jan. 6, 2016		25,000		25,000
Series D	4.570%		Jan. 20, 2015		50,000		50,000
Series E	5.730%		Jan. 20, 2017		50,000		50,000
Series F	4.500%		Feb. 3, 2015		17,000		17,000
Total Prudential Shelf Facility					175,000		175,000
Senior Notes:
4.50% notes due 2015	4.500%		Jul. 15, 2015		375,000		375,000
5.875% notes due 2020	5.875%		Feb. 1, 2020		500,000		500,000
5.250% notes due 2021	5.250%		Mar. 15, 2021		400,000		400,000
3.625% notes due 2022	3.625%		Oct. 1, 2022		300,000		300,000
4.250% notes due 2025	4.250%		Jan. 17, 2025		608,520	⁽¹⁰⁾	-
Unamortized discounts					(15,530)		(11,779)
Total senior notes, net of discount					2,167,990		1,563,221

Total unsecured senior notes, net of discount					2,342,990		1,738,221

Exchangeable senior debentures:

5.50% exchangeable senior debentures due 2029	5.500%		Apr. 15, 2029	⁽⁵⁾	266,400		266,400

Total exchangeable senior debentures					266,400		266,400


Indebtedness	Interest Rate at June 30, 2013		Maturity Date	Principal Outstanding June 30, 2013		Principal Outstanding December 31, 2012

Mortgage loans:
Secured Term Debt ⁽⁶⁾⁽⁷⁾	5.65%		Nov. 11, 2014	134,490		135,991
200 Paul Avenue 1-4 ⁽⁷⁾	5.74%		Oct. 8, 2015	71,688		72,646
Mundells Roundabout	3-month GBP LIBOR + 1.20%	⁽⁹⁾	Nov. 30, 2013	65,150	⁽¹⁰⁾	69,612	⁽¹⁰⁾
2045 & 2055 LaFayette Street ⁽⁷⁾	5.93%		Feb. 6, 2017	64,124		64,621
34551 Ardenwood Boulevard 1-4 ⁽⁷⁾	5.95%		Nov. 11, 2016	52,535		52,916
1100 Space Park Drive ⁽⁷⁾	5.89%		Dec. 11, 2016	52,504		52,889
600 West Seventh Street	5.80%		Mar. 15, 2016	50,373		51,174
150 South First Street ⁽⁷⁾	6.30%		Feb. 6, 2017	50,465		50,830
360 Spear Street ⁽⁷⁾	6.32%		Nov. 8, 2013	46,103		46,613
Clonshaugh Industrial Estate II ⁽⁸⁾	3-month EURIBOR + 4.50%		Sep. 4, 2014	-	⁽¹³⁾	39,579	⁽¹¹⁾
2334 Lundy Place ⁽⁷⁾	5.96%		Nov. 11, 2016	38,209		38,486
1500 Space Park Drive ^(7)(14)	6.15%		Oct. 5, 2013	34,528		35,682
Cressex 1 ⁽¹²⁾	5.68%		Oct. 16, 2014	26,496	⁽¹⁰⁾	28,560	⁽¹⁰⁾
Paul van Vlissingenstraat 16 ⁽¹⁴⁾	3-month EURIBOR + 1.60%	⁽⁹⁾	Jul. 18, 2013	13,041	⁽¹¹⁾	13,336	⁽¹¹⁾
Chemin de l'Epinglier 2 ⁽¹⁴⁾	3-month EURIBOR + 1.50%	⁽⁹⁾	Jul. 18, 2013	9,436	⁽¹¹⁾	9,649	⁽¹¹⁾
Gyroscoopweg 2E-2F	3-month EURIBOR + 1.50%	⁽⁹⁾	Oct. 18, 2013	8,305	⁽¹¹⁾	8,492	⁽¹¹⁾
Manchester Technopark ⁽¹²⁾	5.68%		Oct. 16, 2014	8,060	⁽¹⁰⁾	8,688	⁽¹⁰⁾
8025 North Interstate 35	4.09%		Mar. 6, 2016	6,439		6,561
731 East Trade Street	8.22%		Jul. 1, 2020	4,351		4,509
Unamortized net premiums				1,055		1,542

Total mortgage loans, net of premiums				737,352		792,376

Total indebtedness				$ 4,698,248		$ 4,278,565

(1)

The interest rate for borrowings under the global revolving credit facility equals the applicable index plus a margin of 125 basis points, which is based on the credit rating of our long-term debt. An annual facility fee of 25 basis points, which is based on the credit rating of our long-term debt, is due and payable quarterly on the total commitment amount of the facility.

(2)	Balances as of June 30, 2013 and December 31, 2012 are as follows (balances, in thousands):




Denomination of Draw	Balance as of June 30, 2013		Weighted-average interest rate	Balance as of December 31, 2012		Weighted-average interest rate
U.S. dollar ($)	$ 320,000		1.45%	$ 49,000		2.05%
British pound sterling (£)	-		-	433,195	(b)	1.75%
Euro (€)	102,779	(a)	1.41%	87,074	(b)	1.36%
Singapore dollar (SGD)	29,971	(a)	1.56%	26,191	(b)	1.56%
Australian dollar (AUD)	109,724	(a)	4.10%	93,754	(b)	4.42%
Hong Kong dollar (HKD)	39,773	(a)	1.46%	34,515	(b)	1.53%
Canadian dollar (CAD)	8,081	(a)	2.38%	-		-
Total	$ 610,328		1.94%	$ 723,729		2.05%


	(a)	Based on exchange rates of $1.30 to €1.00, $0.79 to 1.00 SGD, $0.91 to 1.00 AUD, $0.13 to 1.00 HKD and $0.95 to 1.00 CAD as of June 30, 2013.
	(b)	Based on exchange rates of $1.63 to £1.00, $1.32 to €1.00, $0.82 to 1.00 SGD, $1.04 to 1.00 AUD and $0.13 to 1.00 HKD as of December 31, 2012.


(3)	Interest rates are based on our senior unsecured debt ratings and are currently 145 basis points over the applicable index for floating rate advances.


(4)	Balances as of June 30, 2013 and December 31, 2012 are as follows (balances, in thousands):


Denomination of Draw	Balance as of June 30, 2013		Weighted-average interest rate	Balance as of December 31, 2012		Weighted-average interest rate
U.S. dollar ($)	$ 410,905		1.64%	$ 410,905		1.66%
Singapore dollar (SGD)	149,460	(a)	1.70%	155,098	(b)	1.77%
British pound sterling (£)	85,345	(a)	1.94%	91,191	(b)	1.94%
Euro (€)	64,399	(a)	1.57%	65,305	(b)	1.56%
Australian dollar (AUD)	31,069	(a)	4.27%	35,340	(b)	4.57%
Total	$ 741,178		1.79%	$ 757,839		1.84%


	(a)	Based on exchange rates of $0.79 to 1.00 SGD, $1.52 to £1.00, $1.30 to €1.00 and $0.91 to 1.00 AUD as of June 30, 2013.

	(b)	Based on exchange rates of $0.82 to 1.00 SGD, $1.63 to £1.00, $1.32 to €1.00 and $1.04 to 1.00 AUD as of December 31, 2012.

(5)

The holders of the debentures have the right to require the Operating Partnership to repurchase the debentures in cash in whole or in part for a price of 100% of the principal amount plus accrued and unpaid interest on each of April 15, 2014, April 15, 2019 and April 15, 2024. We have the right to redeem the debentures in cash for a price of 100% of the principal amount plus accrued and unpaid interest commencing on April 18, 2014.


(6)	This amount represents six mortgage loans secured by our interests in 36 NE 2nd Street, 3300 East Birch Street, 100 & 200 Quannapowitt Parkway, 300 Boulevard East, 4849 Alpha Road, and 11830 Webb Chapel Road. Each of these loans is cross-collateralized by the six properties.


(7)	The respective borrower’s assets and credit are not available to satisfy the debts and other obligations of affiliates or any other person.


(8)	The Operating Partnership or its subsidiary provides a limited recourse guarantee with respect to this loan.


(9)	We have entered into interest rate swap agreements as a cash flow hedge for interest generated by these US LIBOR, EURIBOR and GBP LIBOR based loans as well as the U.S. dollar and Singapore dollar tranches of the unsecured term loan. See note 13, “Derivative Instruments” for further information.


(10)	Based on exchange rate of $1.52 to £1.00 as of June 30, 2013 and $1.63 to £1.00 as of December 31, 2012.


(11)	Based on exchange rate of $1.30 to €1.00 as of June 30, 2013 and $1.32 to €1.00 as of December 31, 2012.


(12)	These loans are also secured by a £7.8 million letter of credit. These loans are cross-collateralized by the two properties.
(13)	This loan was repaid in full in June 2013. Net loss from early extinguishment of debt related to writeoff of unamortized deferred loan costs on this loan amounted to $0.5 million for both the three and six months ended June 30, 2013.
(14)	These loans were repaid in full in July 2013.

Schedule Of Debt Maturities And Principal Maturities


	Global Revolving Credit Facility (1)	Unsecured Term Loan	Prudential Shelf Facility	Senior Notes	Exchangeable Senior Debentures (2)	Mortgage Loans (3)	Total Debt
Remainder of 2013	$ -	$ -	$ 33,000	$ -	$ -	$ 182,400	$ 215,400
2014	-	-	-	-	266,400	175,660	442,060
2015	610,328	-	67,000	375,000	-	75,493	1,127,821
2016	-	-	25,000	-	-	191,979	216,979
2017	-	741,178	50,000	-	-	108,395	899,573
Thereafter	-	-	-	1,808,520	-	2,370	1,810,890
Subtotal	$ 610,328	$ 741,178	$ 175,000	$ 2,183,520	$ 266,400	$ 736,297	$ 4,712,723
Unamortized discount	-	-	-	(15,530)	-	-	(15,530)
Unamortized premium	-	-	-	-	-	1,055	1,055
Total	$ 610,328	$ 741,178	$ 175,000	$ 2,167,990	$ 266,400	$ 737,352	$ 4,698,248


(1)	Subject to a one-year extension option exercisable by us. The bank group is obligated to grant the extension option provided we give proper notice, we make certain representations and warranties and no default exists under the global revolving credit facility.


(2)	Assumes maturity of the 2029 Debentures at their first redemption date in April 2014.


(3)	Our mortgage loans are generally non-recourse to us, subject to carve-outs for specified actions by us or specified undisclosed environmental liabilities. As of June 30, 2013, we provided partial letter of credit support with respect to approximately $34.6 million of the outstanding mortgage indebtedness (based on exchange rates as of June 30, 2013).

Global Revolving Credit Facility [Member]

Schedule Of Balances And Foreign Currency Translation Revolving Credit Facilities


Denomination of Draw	Balance as of June 30, 2013		Weighted-average interest rate	Balance as of December 31, 2012		Weighted-average interest rate
U.S. dollar ($)	$ 320,000		1.45%	$ 49,000		2.05%
British pound sterling (£)	-		-	433,195	(b)	1.75%
Euro (€)	102,779	(a)	1.41%	87,074	(b)	1.36%
Singapore dollar (SGD)	29,971	(a)	1.56%	26,191	(b)	1.56%
Australian dollar (AUD)	109,724	(a)	4.10%	93,754	(b)	4.42%
Hong Kong dollar (HKD)	39,773	(a)	1.46%	34,515	(b)	1.53%
Canadian dollar (CAD)	8,081	(a)	2.38%	-		-
Total	$ 610,328		1.94%	$ 723,729		2.05%


	(a)	Based on exchange rates of $1.30 to €1.00, $0.79 to 1.00 SGD, $0.91 to 1.00 AUD, $0.13 to 1.00 HKD and $0.95 to 1.00 CAD as of June 30, 2013.
	(b)	Based on exchange rates of $1.63 to £1.00, $1.32 to €1.00, $0.82 to 1.00 SGD, $1.04 to 1.00 AUD and $0.13 to 1.00 HKD as of December 31, 2012.

Unsecured Term Loan [Member]

Schedule Of Balances And Foreign Currency Translation Revolving Credit Facilities


Denomination of Draw	Balance as of June 30, 2013		Weighted-average interest rate	Balance as of December 31, 2012		Weighted-average interest rate
U.S. dollar ($)	$ 410,905		1.64%	$ 410,905		1.66%
Singapore dollar (SGD)	149,460	(a)	1.70%	155,098	(b)	1.77%
British pound sterling (£)	85,345	(a)	1.94%	91,191	(b)	1.94%
Euro (€)	64,399	(a)	1.57%	65,305	(b)	1.56%
Australian dollar (AUD)	31,069	(a)	4.27%	35,340	(b)	4.57%
Total	$ 741,178		1.79%	$ 757,839		1.84%


	(a)	Based on exchange rates of $0.79 to 1.00 SGD, $1.52 to £1.00, $1.30 to €1.00 and $0.91 to 1.00 AUD as of June 30, 2013.

	(b)	Based on exchange rates of $0.82 to 1.00 SGD, $1.63 to £1.00, $1.32 to €1.00 and $1.04 to 1.00 AUD as of December 31, 2012.