QTS Realty Trust (NYSE: QTS), a leading provider of hybrid colocation and mega scale data center solutions, today announced the official opening of a new 495,000 gross square foot mega data center on its Atlanta Metro campus.
QTS Realty Trust (NYSE: QTS), a leading provider of hybrid colocation and mega scale data center solutions, today announced that it has entered into a new $250 million term loan ("Term Loan D") that will mature on January 15, 2026. When combined with QTS' current $1.7 billion unsecured credit facility, the Term Loan D increases QTS' aggregate unsecured credit facility capacity to $1.95 billion. Interest rates on Term Loan D can vary based on leverage levels consistent with QTS' existing term loans. The current interest rate on Term Loan D is LIBOR plus 1.2% and includes a LIBOR floor of 25 basis points.
Moody's Investors Service, ("Moody's") upgraded the ratings of QualityTech, L.P., including its senior unsecured debt and corporate family rating to Ba3 from B1. QualityTech, L.P. is the operating partnership of QTS Realty Trust, Inc. (collectively referred to herein as "QTS"). The rating upgrade reflects the REIT's improved earnings quality resulting from its successful strategic shift to exit non-core cloud and managed services products.