Campus Crest Communities, Inc. Announces Filing of Registration Statement Relating to Campus Crest Communities Operating Part...
November 19 2013 - 6:16PM
Business Wire
Campus Crest Communities, Inc. (“CCG” or the “Company”)
(NYSE: CCG), today announced that it has filed with
the Securities and Exchange Commissiona registration statement
on Form S-3 covering 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 technically subject to review by the
Securities and Exchange Commission and the Company is awaiting a
determination regarding whether the Securities and Exchange
Commission will undertake such a review.
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.
The registration statement has been filed with the Securities
and Exchange Commission, but is not yet effective. The securities
registered under the registration statement may not be sold, nor
may offers to buy be accepted, prior to the time the registration
statement becomes effective. 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. Pro forma
for the Copper Beech restructure, the Company has ownership
interests in 82 student housing properties and over ~44,000 beds
across North America, of which 74 are operating and 8 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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