CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group
May 09 2016 - 4:23PM
Business Wire
CoreSite Realty Corporation (NYSE: COR) (the “Company”), a
premier provider of secure, reliable, high-performance data center
and interconnection solutions across the U.S., today announced the
sale of 3,000,000 shares of its common stock by investment funds
affiliated with The Carlyle Group to J.P. Morgan, as the sole
underwriter in connection with the offering.
Upon completion of the offering, investment funds affiliated
with The Carlyle Group will continue to hold an aggregate of
13,775,390 partnership units in the Company’s operating partnership
that they may elect to redeem in whole or in part for cash or, at
the Company’s option, the Company may elect to acquire those
operating partnership units submitted for redemption in exchange
for shares of its common stock on a one-for-one basis. If all such
operating partnership units were tendered for redemption and the
Company elected to acquire such units in exchange for shares of its
common stock, investment funds affiliated with The Carlyle Group
would own an aggregate of 28.9% of the Company’s issued and
outstanding common stock. The offering is expected to close and
settle on or about May 13, 2016, subject to customary closing
conditions. Neither the Company nor the Company’s management is
selling any shares of common stock in the offering and the Company
will not receive any of the proceeds from the offering of shares by
the selling stockholders.
J.P. Morgan proposes to offer the shares of common stock from
time to time to purchasers directly or through agents, or through
brokers in brokerage transactions on the New York Stock Exchange,
or to dealers in negotiated transactions or in a combination of
such methods of sale, at a fixed price or prices, which may be
changed, or at market prices prevailing at the time of sale, at
prices related to such prevailing market prices or at negotiated
prices.
The Company has filed a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission (the
“SEC”) for the offering to which this communication relates. Before
investing, you should read the prospectus and other documents filed
with the SEC for information about CoreSite Realty Corporation and
this offering. You may get these documents for free by visiting the
SEC’s website at www.sec.gov. A copy of the prospectus and any
prospectus supplements may also be obtained from J.P. Morgan,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, 11717 or telephone: (866) 803-9204.
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 or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 900 of the world’s leading enterprises,
network operators, cloud providers, and supporting service
providers choose CoreSite to connect, protect and optimize their
performance-sensitive data, applications and computing workloads.
CoreSite’s scalable, flexible solutions and 350+ dedicated
employees consistently deliver unmatched data center options—all of
which leads to a best-in-class customer experience and lasting
relationships.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, that
may cause actual results to differ significantly from those
expressed in any forward-looking statement. These risks include,
without limitation: any adverse developments in local economic
conditions or the demand for data center space in these markets;
operational difficulties, including difficulties relating to
information systems, internal processes and information security;
significant industry competition; financial market fluctuations;
and other factors affecting the real estate industry generally. All
forward-looking statements reflect the Company’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in the Company’s most recent annual report on Form 10-K,
and other risks described in documents subsequently filed by the
Company from time to time with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160509006597/en/
CoreSiteGreer Aviv,
+1-303-405-1012+1-303-222-7276Investor Relations
DirectorGreer.Aviv@CoreSite.com
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