Fugly is subjective, of course. However, what do you think about this?

sub get_loc {
    chomp $_[0];
    
    # Aligned the "or" clauses with the main expressions
    my $dbh =
        DBI->connect("DBI:mysql:tracker:12.34.56.78", 'myuser', 'mypas
+sword')
        or die "Connect to database failed: $DBI::errstr\n";
    
    my $sth =
        $dbh->prepare("SELECT location FROM servers WHERE name=? LIMIT
+ 1")
        or die "Couldn't prepare statement: $DBI::errstr\n";
    
    $sth->execute($_[0]);
    
    # No point in assigning if you aren't going to use @loc anyway
    # return my @loc = $sth->fetchrow_array();
    return $sth->fetchrow_array();
    
    # This is dead code. Execution will jump out of the sub due to the
+ return statement above!
    # Put disconnect call and "or" clause on same line
    $sth->finish;
    $dbh->disconnect    or die "Error disconnecting: $DBI::errstr\n";

    # Aligned "}"-line with "sub get_loc {" line
}
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