10/19/2007
DuPont Fabros Technology, Inc. Announces Pricing of Initial Public Offering
Cooley Godward Kronish LLP in New York, Reston, VA and Washington DC are representing DuPont Fabros Technology in issuing its initial public offering. Team members include partners John Toole, Lesse Castleberry, Darren DeStefano, Tom Salley, and associates Geoff Ossias, Gavin Klein, Phil Pepper, John Bean, Erin Ramana and Dane Holbrook.
WASHINGTON, Oct. 19 -- DuPont Fabros Technology, Inc., a leading owner, developer, operator and manager of wholesale data centers, today announced the pricing of its initial public offering of 30,500,000 shares of its common stock at a public offering price of $21.00 per share, for net proceeds of approximately $588.7 million after underwriting discounts and financial advisory fees payable to the underwriters and estimated offering expenses payable by the Company. DuPont Fabros Technology has granted the underwriters a 30-day option to purchase up to an additional 4,575,000 shares of common stock at the initial public offering price, less underwriting discounts and financial advisory fees. The offering is expected to close on October 24, 2007.
The shares of DuPont Fabros Technology are scheduled to begin trading on Friday, October 19, 2007 on the New York Stock Exchange under the ticker symbol "DFT."
Lehman Brothers Inc. and UBS Investment Bank served as joint book-running managers for the offering, with Citi, KeyBanc Capital Markets, Wachovia Capital Markets, LLC, Banc of America Securities LLC, and Raymond James serving as co-managers.
A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from either of the book-running managers:
Lehman Brothers Inc.
c/o Broadridge
Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
qiana.smith@broadridge.com
UBS Securities LLC
Prospectus Department
299 Park Avenue
New York, NY 10171
212-821-3000
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. is a real estate investment trust (REIT) and a leading owner, developer, operator and manager of wholesale data centers. The Company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC.
Safe Harbor Statement
This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of DuPont Fabros Technology, Inc. (the "Company") and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including statements concerning the expected completion of the initial public offering. Such statements are subject to risks and uncertainties including the risk that the offering will not be completed as currently contemplated as a result of, among other things, the failure to satisfy all required conditions of closing under the underwriting agreement, as well as those risks and uncertainties contained in the section entitled "Risk Factors" in the Company's preliminary prospectus included in Amendment No. 3 to the Company's Registration Statement on Form S-11 filed with the Securities and Exchange Commission on October 18, 2007.