Campus Crest Communities, Inc. Announces Planned Filing of Registration Statement Relating to Campus Crest Communities Operat...
October 28 2013 - 4:01PM
Business Wire
Campus Crest Communities, Inc. (“CCG” or the “Company”) (NYSE:
CCG), today announced that it intends to file with the Securities
and Exchange Commission, on or before November 19, 2013, a
registration statement on Form S-3 that will cover resales of its
common stock that may be issued from time to time upon exchange of
the 4.75% Exchangeable Senior Notes due 2018 (the “Notes”) issued
by Campus Crest Communities Operating Partnership, LP, its
operating partnership. The registration statement is anticipated to
be immediately effective upon filing.
Holders of Notes who wish to be named in the prospectus that
forms part of the registration statement in order to sell the
common stock issuable to them upon exchange of their Notes should
complete a selling stockholder notice and questionnaire contained
in the offering memorandum for the Notes and return it, no later
than November 4, 2013, to: Campus Crest Communities, Inc., 2100
Rexford Road, Suite 414, Charlotte, North Carolina 28211,
Attention: Secretary.
This release is being issued in order to comply with the terms
of the indenture and registration rights agreement relating to the
Notes. CCG will not receive any of the proceeds from the resale of
the common stock issuable upon exchange of the Notes. This release
shall not constitute an offer to sell or the solicitation of an
offer to buy any of CCG’s or Campus Crest Communities Operating
Partnership, LP’s securities, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder,
owner and manager of high-quality student housing properties
located close to college campuses in targeted markets. It has
ownership interests in 80 student housing properties and over
~43,000 beds across North America, of which 73 are operating and 7
are development or redevelopment properties. The Company is an
equity REIT that differentiates itself through its vertical
integration and consistent branding across the portfolio through
three unique brands targeting different segments of the college
student population. The Grove® brand offers more traditional
apartment floor plans and focuses on customer service, privacy,
on-site amenities and a proprietary residence life program. The
Copper Beech brand and townhome product offers more
residential-type living to students looking for a larger floor plan
with a front door and back porch. The evo brand provides urban
students with a luxury student housing option with all the
conveniences of city living. Additional information can be found on
the Company's website at http://www.campuscrest.com.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. 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 "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts" or
"potential" or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters. You
should not rely on forward-looking statements since they 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. All forward-looking
statements reflect the Company's good faith beliefs, assumptions
and expectations, but they are not guarantees of future
performance. Furthermore, except as otherwise required by federal
securities laws, the Company disclaims any obligation to publicly
update or revise any forward-looking statement to reflect changes
in underlying assumptions or factors, 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 risk factors discussed in the Company's most recent Annual
Report on Form 10-K, as updated in the Company’s Quarterly Reports
on Form 10-Q.
Campus Crest Communities, Inc.Erik Johnson, 704-496-2504Vice
President of Financeerik.johnson@campuscrest.comorThomas Nielsen,
704-496-2571Associate, Finance & Investor
Relationsthomas.nielsen@campuscrest.com
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