AMENDMENT NO. 4 TO THE SECOND AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT
Exhibit 10.2
EXECUTION VERSION
AMENDMENT NO. 4 TO THE
SECOND AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT
Dated as of September 29, 2023
AMENDMENT NO. 4 TO THE SECOND AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT (this “Amendment”) among DIGITAL REALTY TRUST, L.P., a Maryland limited partnership (the “Operating Partnership”), DIGITAL SINGAPORE JURONG EAST PTE. LTD., a Singapore private limited company (the “Initial Singapore Borrower 1”), DIGITAL SINGAPORE 1 PTE. LTD., a Singapore private limited company (the “Initial Singapore Borrower 2”), DIGITAL HK JV HOLDING LIMITED, a British Virgin Islands business company (the “Initial Singapore Borrower 3”), DIGITAL SINGAPORE 2 PTE. LTD., a Singapore private limited company (the “Initial Singapore Borrower 4”), DIGITAL HK XXX XXXXX LIMITED, a Hong Kong limited company (the “Initial Singapore Borrower 5”), DIGITAL XXXXX HOLDING, LLC, a Delaware limited liability company (the “Initial Multicurrency Borrower 1”), DIGITAL JAPAN, LLC, a Delaware limited liability company (the “Initial Multicurrency Borrower 2”), DIGITAL EURO XXXXX, X.X., a Scottish limited partnership (the “Initial Multicurrency Borrower 3”), MOOSE VENTURES LP, a Delaware limited partnership (the “Initial Multicurrency Borrower 4”), DIGITAL DUTCH XXXXX B.V., a Dutch private limited liability company (the “Initial Multicurrency Borrower 5”), DIGITAL AUSTRALIA XXXXX PTY LTD, an Australian proprietary limited company (the “Initial Australia Borrower”), DIGITAL REALTY KOREA LTD., a Korean limited liability company (the “Initial Korea Borrower 1”), DIGITAL SEOUL 2 LTD., a Korean limited liability company (the “Initial Korea Borrower 2”) and PT DIGITAL JAKARTA ONE, an Indonesian limited liability company (the “Initial Indonesia Borrower”; and collectively with the Operating Partnership, the Initial Singapore Borrower 1, the Initial Singapore Borrower 2, the Initial Singapore Borrower 3, the Initial Singapore Borrower 4, the Singapore Borrower 5, the Multicurrency Borrower 1, the Multicurrency Borrower 2, the Multicurrency Borrower 3, the Multicurrency Borrower 4, the Multicurrency Borrower 5, the Initial Australia Borrower, the Initial Korea Borrower 1, the Initial Korea Borrower 2 and any Additional Borrowers, the “Borrowers” and each individually, a “Borrower”), DIGITAL REALTY TRUST, INC., a Maryland corporation (the “Parent Guarantor”), DIGITAL EURO XXXXX, LLC, a Delaware limited liability company (“Digital Euro”; and collectively with the Operating Partnership, the Parent Guarantor and any Additional Guarantors, the “Guarantors” and each individually, a “Guarantor”), each Lender, Issuing Bank and Swing Line Bank listed on the signature pages thereto and CITIBANK, N.A. (“Citibank”), as administrative agent for the Lender Parties (the “Administrative Agent”).
PRELIMINARY STATEMENTS:
(1)The Borrowers, the Guarantors, the Lender Parties, the Administrative Agent and the other financial institutions party thereto entered into a Second Amended and Restated Global Senior Credit Agreement dated as of November 18, 2021 (as amended by that certain Amendment No. 1 to the Second Amended and Restated Global Senior Credit Agreement, dated as of March 24, 2022, as further supplemented by that certain Limited Waiver to the Second Amended and Restated Global Senior Credit Agreement, dated as of March 24, 2022, as further amended by that certain Amendment No. 2 to the Second Amended and Restated Global Senior Credit Agreement, dated as of April 5, 2022, as further amended by that certain Amendment No. 3 to the Second Amended and Restated Global Senior Credit Agreement, dated as of March 16, 2023, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the effectiveness of this Amendment, the “Existing Revolving Credit Agreement”); capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing Revolving Credit Agreement, as amended hereby; and
(2)The parties to the Existing Revolving Credit Agreement wish to amend the definitions of “Base CD Rate” and “Market Disruption Event” in Section 1.01 of the Existing Revolving Credit Agreement.
Exhibit 10.2
Subject to the terms and conditions herein, the Borrowers, the Guarantors, the Administrative Agent and the Lender Parties party hereto have agreed to amend the Existing Revolving Credit Agreement on the terms and subject to the conditions hereinafter set forth.
(a) | The definition of “Base CD Rate” is hereby replaced in its entirety with the following: |
“Base CD Rate” means, in relation to an Interest Period for KRW-A Revolving Credit Advances or KRW-B Revolving Credit Advances, (i) prior to the first day of the first Interest Period for each such KRW-A Revolving Credit Advance or KRW-B Revolving Credit Advance commencing on or after October 2, 2023, the average (rounded off to two (2) decimal places) of the final quotation yield rate for ninety-one (91) day KRW denominated bank certificates of deposit as published by the Korea Financial Investment Association or comparable substitute publishing medium at 4:00 P.M. (Seoul time) on the applicable Quotation Day and the immediately preceding two (2) consecutive Business Days, and (ii) on the first day of the first Interest Period for each such KRW-A Revolving Credit Advance or KRW-B Revolving Credit Advance commencing on or after October 2, 2023, the average (rounded off to two (2) decimal places) of the CD Yield Rate (CD수익률 in Korean) as defined in Article 2, Paragraph 1, Subparagraph 1 of the Regulation on Calculation of CD Yield Rate (CD 수익률 산출업무규정 in Korean) as published by the Korea Financial Investment Association (or any successor of such association) on its website (xxxx://xxx.xxxxxxxxx.xx.xx) on the applicable Quotation Day and the immediately preceding two (2) consecutive Business Days. For the avoidance of doubt, in the event that the applicable Quotation Day falls on a date prior to October 2, 2023, the Base CD Rate described in clause (i) above shall apply. Notwithstanding anything to the contrary in this Agreement, in no event shall the Base CD Rate be less than the Floor for any Advance that has not been identified by the Borrowers to the Administrative Agent as being subject to a Hedge Agreement.
Exhibit 10.2
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Exhibit 10.2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
BORROWERS:
a Maryland limited partnership
By:DIGITAL REALTY TRUST, INC.,
its sole general partner
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
DIGITAL SINGAPORE JURONG EAST PTE. LTD.,
a Singapore private limited company
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Authorized Person
DIGITAL SINGAPORE 1 PTE. LTD.,
a Singapore private limited company
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Authorized Person
DIGITAL HK JV HOLDING LIMITED,
a British Virgin Islands business company
By:/s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx
Title: Director
[Signatures continue]
Exhibit 10.2
DIGITAL SINGAPORE 2 PTE. LTD.,
a Singapore private limited company
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Authorized Person
DIGITAL HK XXX XXXXX LIMITED,
a Hong Kong limited company
By:/s/ Xxxxxxx Xxx _
Name: Xxxxxxx Xxx
Title: Director
DIGITAL XXXXX HOLDING, LLC,
a Delaware limited liability company
By:DIGITAL REALTY TRUST, L.P.,
its manager
By: DIGITAL REALTY TRUST, INC.,
its member
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
DIGITAL JAPAN, LLC,
a Delaware limited liability company
By: DIGITAL ASIA, LLC,
its member
By: DIGITAL REALTY TRUST, L.P.,
its manager
By: DIGITAL REALTY TRUST, INC.,
its general partner
By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
Exhibit 10.2
DIGITAL EURO XXXXX, X.X.,
a Scotland limited partnership
By: DIGITAL EURO XXXXX XX, LLC,
its general partner
By: DIGITAL REALTY TRUST, L.P.,
its member
By: DIGITAL REALTY TRUST, INC.,
its general partner
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
MOOSE VENTURES LP,
a Delaware limited partnership
By: DIGITAL REALTY TRUST, L.P.,
its manager
By: DIGITAL REALTY TRUST, INC.,
its general partner
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
DIGITAL DUTCH XXXXX B.V.,
a Dutch private limited liability company
By:/s/ Xxxxxxx Xxx
Name: Xxxxxxx Xxx
Title: Director
[Signatures continue]
Exhibit 10.2
Signed by DIGITAL AUSTRALIA XXXXX PTY LTD in accordance with section 127 of the Corporations Act 2001 (Cth) by: /s/ Xxxxxxx Xxx /s/ Xxxxxx Xxx | ||
Signature of director Xxxxxxx Xxx | | Signature of director Xxxxxx Xxx |
Name of director (print) Director | | Name of director (print) Director |
Title | | Title |
Exhibit 10.2
DIGITAL REALTY KOREA LTD., a Korean limited liability company
By:/s/ Xxxxxxx Xxx _
Name: Xxxxxxx Xxx
Title: Director
DIGITAL SEOUL 2 LTD., a Korean limited liability company
By:/s/ Xxxxxxx Xxx
Name: Xxxxxxx Xxx
Title: Director
PT DIGITAL JAKARTA ONE,
an Indonesian limited liability company
By:/s/ Xxxxxxxx Xxxxx Xxxxxx _
Name: Xxxxxxxx Xxxxx Xxxxxx
Title: Director
[Signatures continue]
Exhibit 10.2
Exhibit 10.2
KRW-A REVOLVING LENDER AND
KRW-A ISSUING BANK:
CITIBANK KOREA INC.
By:/s/ _________________________
Name:
Title:
[Signatures continue]
Exhibit 10.2
KRW-A REVOLVING LENDER:
BANK OF AMERICA, N.A.,
SEOUL BRANCH
By:/s/ Xxxxxx Xxxx
Name:Xxxxxx Xxxx
Title:Senior Vice President
[Signatures continue]
Exhibit 10.2
KRW-A REVOLVING LENDER AND
KRW-A SWING LINE BANK:
JPMORGAN CHASE BANK, N.A.,
SEOUL BRANCH
By:/s/ Xxxxxx Xxx_______________________
Name:Xxxxxx Xxx
Title:Managing Director / Branch Manager
[Signatures continue]
Exhibit 10.2
KRW-B REVOLVING LENDER AND
KRW-B ISSUING BANK:
CITIBANK KOREA INC.
By:/s/ ___________________
Name:
Title:
[Signatures continue]
Exhibit 10.2
KRW-B REVOLVING LENDER:
BANK OF AMERICA, N.A.,
SEOUL BRANCH
By:/s/ Xxxxxx Xxxx_________________________
Name:Xxxxxx Xxxx
Title:Senior Vice President
[Signatures continue]
Exhibit 10.2
KRW-B REVOLVING LENDER AND
KRW-B SWING LINE BANK:
JPMORGAN CHASE BANK, N.A.,
SEOUL BRANCH
By:/s/ Xxxxxx Xxx_________________________
Name:Xxxxxx Xxx
Title:Managing Director / Branch Manager
[Signatures continue]
Exhibit 10.2
CONSENT
Dated as of September 29, 2023
Each of the undersigned, as a Guarantor under the Existing Revolving Credit Agreement referred to in the foregoing Amendment, hereby consents to such Amendment and hereby confirms and agrees that notwithstanding the effectiveness of such Amendment, the Guaranty contained in the Existing Revolving Credit Agreement is and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such Amendment, each reference in the Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Existing Revolving Credit Agreement, as amended and modified by such Amendment.
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Exhibit 10.2
GUARANTORS:
DIGITAL REALTY TRUST, INC.,
a Maryland corporation
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
DIGITAL REALTY TRUST, L.P.,
a Maryland limited partnership
By:DIGITAL REALTY TRUST, INC.,
its sole general partner
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
DIGITAL EURO XXXXX, LLC,
a Delaware limited liability company
By:DIGITAL EURO XXXXX, X.X.,
Its member
By:DIGITAL EURO XXXXX XX, LLC,
Its general partner
By:DIGITAL REALTY TRUST, L.P.,
its member
By:DIGITAL REALTY TRUST, INC.,
its general partner
By:/s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
[Signatures end.]