CoreSite Realty Corporation Announces Closing of $150 million Senior Notes Offering by CoreSite, L.P.
June 16 2016 - 4:15PM
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 that
its operating partnership, CoreSite, L.P. (the “Operating
Partnership”), issued and sold an aggregate principal amount of
$150 million of its 4.19% Senior Notes due June 15, 2023 (the
“Notes”) in a private placement to certain “accredited investors.”
Interest on the Notes is payable semiannually, on the 15th day of
June and December in each year, commencing on December 15, 2016.
The proceeds from the Notes will be used to refinance existing debt
and for general corporate purposes.
The Notes were issued pursuant to Section 4(a)(2) of the
Securities Act of 1933, as amended (the “Securities Act”). The
Notes are senior unsecured obligations of the Operating Partnership
and are jointly and severally guaranteed by the Company and each of
the Operating Partnership’s subsidiaries that guarantees
indebtedness under the Operating Partnership’s senior unsecured
credit facility.
The Notes and the guaranties thereof have not been registered
under the Securities Act or any state securities laws and may not
be offered or sold absent registration under the Securities Act, or
pursuant to an applicable exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws.
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,
which 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/20160616006000/en/
CoreSite Investor Relations ContactGreer Aviv,
303-405-1012Vice President of Investor
RelationsGreer.Aviv@CoreSite.com
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