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DFT > SEC Filings for DFT > Form 8-K on 7-Mar-2014All Recent SEC Filings




Other Events

Item 8.01 Other Events.
On March 5, 2014 and March 6, 2014, DuPont Fabros Technology, Inc. (the "Company") received letters from Yahoo! Inc. notifying the Company that it intends to market for sublease to third parties the premises currently under lease at two of the Company's data center facilities located in Ashburn, Virginia - ACC2 and ACC4.
Yahoo! currently leases all of the ACC2 data center facility from the Company. ACC2 has 10.4 megawatts, or MW, of critical load power available for Yahoo!'s use. The ACC2 lease expires in September 2015.
Yahoo! currently leases from the Company 13.65 MW of 36.4 MW of critical load power available for use at the ACC4 data center facility. The ACC4 lease expires in three equal tranches of 4.55 MW in June 2017, March 2018 and March 2019. The leases between the Company and Yahoo! related to the lease of the data center space at ACC2 and ACC4 each provide that Yahoo! may sublease the premises leased by Yahoo!, subject to the Company's consent, which may not be unreasonably conditioned, delayed or withheld. Each of the leases provides that the Company's consent to a sublease does not relieve Yahoo! of its obligations under the lease, and Yahoo! would remain primarily liable for payments under the terms of the lease.
These leases represent 11% of the Company's operating property portfolio, which is comprised of 10 data center facilities and a total of 218.5 MW of available critical load.

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