DuPont Fabros Tech (DFT) Prices 12M Common Offering at $23.00/Share

DuPont Fabros Technology, Inc. (NYSE: DFT) today announced that it has priced, in an underwritten public offering, 12,000,000 shares of common stock at $23.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 shares of common stock to cover overallotments, if any. KeyBanc Capital Markets, Raymond James, Macquarie Capital, RBC Capital Markets and Jefferies & Company acted as joint book-running managers, and Stifel Nicolaus & Company, Incorporated and TD Securities acted as co-managers, for this offering.

The Company estimates that the net proceeds from this offering, after the underwriting discount and estimated offering expenses payable by the Company, will be approximately $264.9 million or approximately $304.6 million if the underwriters' overallotment option is exercised in full. The offering is expected to close on or about May 18, 2010, subject to customary closing conditions.

The Company intends to use all of the net proceeds from this offering plus borrowings under its revolving credit facility and a portion of its cash and cash equivalents balance as of March 31, 2010 to complete development of the first phase of its data center in Santa Clara, CA known as SC1, and to completely develop the first phase of its data center in Ashburn, VA known as ACC6.