DuPont Fabros gets $150 million under accordion feature

By Sara Rosenberg

New York, Feb. 12 - DuPont Fabros Technology Inc. raised $150 million under the accordion feature of its ACC4 facility, according to a news release.

Proceeds were used to pay off in full the CH1 construction loan on Feb. 10.

In addition, on Feb. 6, the company closed on two one-year loans totaling $30 million. Each loan has the option to extend the term up to four additional years, is secured by development properties, ACC5 and SC1, and bears interest at a fixed rate of 12%.

With these transactions, the company has no debt maturities until the third quarter of 2011 assuming the election of the extension options on the company's line of credit and new loans on ACC5 and SC1.

DuPont Fabros is a Washington, D.C.-based real estate investment trust that owns, develops, operates and manages wholesale data centers.

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