Debt of the Operating Partnership (Tables) - Digital Realty Trust, L.P.

3 Months Ended

Mar. 31, 2016

Balances as of March 31, 2016 and December 31, 2015 are as follows (balances, in thousands):



Denomination of Draw	Balance as of March 31, 2016			Weighted-average interest rate		Balance as of December 31, 2015			Weighted-average interest rate
Floating Rate Borrowing (a)
U.S. dollar ($)	$	220,000		1.44	%	$	274,000		1.46	%
British pound sterling (£)	15,796		(b)	1.51	%	95,784		(c)	1.61	%
Euro (€)	432,440		(b)	0.69	%	280,565		(c)	0.90	%
Australian dollar (AUD)	—			—	%	96,831		(c)	3.16	%
Hong Kong dollar (HKD)	902		(b)	1.25	%	86,082		(c)	1.33	%
Japanese yen (JPY)	—			—	%	14,304		(c)	1.15	%
Singapore dollar (SGD)	20,023		(b)	2.08	%	49,132		(c)	1.92	%
Canadian dollar (CAD)	2,000		(b)	1.87	%	71,186		(c)	1.95	%
Total	$	691,161		0.99	%	$	967,884		1.53	%


(a)	The interest rates for floating rate borrowings under the 2016 global revolving credit facility equal the applicable index plus a margin of 100 basis points, which is based on the credit ratings of our long-term debt.


(b)	Based on exchange rates of $1.44 to £1.00, $1.14 to €1.00, $0.13 to 1.00 HKD, $0.74 to 1.00 SGD and $0.77 to 1.00 CAD, respectively, as of March 31, 2016.


(c)	Based on exchange rates of $1.47 to £1.00, $1.09 to €1.00, $0.73 to 1.00 AUD, $0.13 to 1.00 HKD, $0.01 to 1.00 JPY, $0.7 to 1.00 SGD and $0.72 to 1.00 CAD, respectively, as of December 31, 2015.


(3)	Interest rates are based on our current senior unsecured debt ratings and are 110 basis points and 155 basis points over the applicable index for floating rate advances for the 5-Year Term Loan and the 7-Year Term Loan, respectively.


(4)	We have entered into interest rate swap agreements as a cash flow hedge for interest generated by the U.S. dollar, Singapore dollar, British pound sterling and Canadian dollar tranches of the unsecured term loan. See Note 14 "Derivative Instruments" for further information.


(5)	Balances as of March 31, 2016 and December 31, 2015 are as follows (balances, in thousands):



Denomination of Draw	Balance as of March 31, 2016			Weighted-average interest rate			Balance as of December 31, 2015			Weighted-average interest rate
U.S. dollar ($)	$	710,911		1.73	%	(b)	$	410,905		1.51	%	(d)
British pound sterling (£)	243,366		(a)	1.61	%	(b)	178,195		(c)	1.78	%
Singapore dollar (SGD)	239,314		(a)	2.49	%	(b)	161,070		(c)	2.16	%	(d)
Australian dollar (AUD)	180,935		(a)	3.20	%		75,337		(c)	3.27	%
Hong Kong dollar (HKD)	86,009		(a)	1.33	%		—			—	%
Canadian dollar (CAD)	75,746		(a)	1.97	%	(b)	—			—	%
Euro (€)	20,484		(a)	0.80	%		99,061		(c)	1.00	%
Japanese yen (JPY)	16,611		(a)	1.04	%		—			—	%
Total	$	1,573,376		1.97	%	(b)	$	924,568		1.76	%	(d)


(a)	Based on exchange rates of $1.44 to £1.00, $0.74 to 1.00 SGD, $0.77 to 1.00 AUD, $0.13 to 1.00 HKD, $0.77 to 1.00 CAD, $1.14 to €1.00 and $0.01 to 1.00 JPY, respectively, as of March 31, 2016.


(b)	As of March 31, 2016, the weighted-average interest rate reflecting interest rate swaps was 2.39% (U.S. dollar), 1.89% (British pound sterling), 2.03% (Singapore dollar), 1.88% (Canadian dollar) and 2.23% (Total). See Note 14 "Derivative Instruments" for further discussion on interest rate swaps.


(c)	Based on exchange rates of $0.70 to 1.00 SGD, $1.47 to £1.00, $1.09 to €1.00 and $0.73 to 1.00 AUD, respectively, as of December 31, 2015.


(d)	As of December 31, 2015, the weighted-average interest rate reflecting interest rate swaps was 1.90% (U.S. dollar), 2.19% (Singapore dollar) and 1.94% (Total). See Note 14 "Derivative Instruments" for further discussion on interest rate swaps.


(6)	Based on exchange rate of $1.44 to £1.00 as of March 31, 2016 and $1.47 to £1.00 as of December 31, 2015.


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

The table below summarizes our debt maturities and principal payments as of March 31, 2016 (in thousands):



	Global Revolving Credit Facility⁽¹⁾		Unsecured Term Loan		Prudential Shelf Facility		Senior Notes			Mortgage Loans		Total Debt
Remainder of 2016	$	—	$	—	$	—	$	—		$	138,927	$	138,927
2017	—		—		50,000		—			108,405		158,405
2018	—		—		—		—			593		593
2019	—		—		—		—			644		644
2020	691,161		—		—		1,000,000			1,133		1,692,294
Thereafter	—		1,573,376		—		2,655,200			—		4,228,576
Subtotal	$	691,161	$	1,573,376	$	50,000	$	3,655,200		$	249,702	$	6,219,439
Unamortized discount	—		—		—		(17,118		)	—		(17,118		)
Unamortized premium	—		—		—		—			404		404
Total	$	691,161	$	1,573,376	$	50,000	$	3,638,082		$	250,106	$	6,202,725


(1)	Subject to two six-month extension options exercisable by us. The bank group is obligated to grant the extension options provided we give proper notice, we make certain representations and warranties and no default exists under the global revolving credit facility, as applicable.