Digital Core REIT seeks to raise US$100 mil through private placement

Digital Core REIT (DCREIT) is proposing a private placement of new units at the issue price between 60 US cents and 62.5 US cents to raise over US$100 million ($134 million).

The issue price represents a discount of between approximately 8.8% and 5% respectively to the volume weighted average price (VWAP) of 65.79 US cents per unit in DCREIT of all trades in the units on the SGX-ST for Feb 6 up to the time the placement agreement was signed on Feb 7. It also represents approximately 5.6% and 1.6% respectively to the adjusted VWAP of 63.53 cents per unit.