CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group
October 28 2015 - 4:35PM
Business Wire
CoreSite Realty Corporation (NYSE: COR) (the “Company”), a
premier provider of secure, reliable, high-performance data center
solutions across the U.S., today announced the sale of 4,000,000
shares of its common stock by investment funds affiliated with The
Carlyle Group to Citigroup and Jefferies, as the underwriters in
connection with the offering.
Upon completion of the offering, investment funds affiliated
with The Carlyle Group will continue to hold an aggregate of
16,775,390 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 35.4% of the Company’s issued and
outstanding common stock. The offering is expected to close and
settle on or about November 3, 2015, 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.
Citigroup and Jefferies propose 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 the underwriters
at Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); or Jefferies LLC,
Attention: Equity Syndicate Prospectus Department, 520 Madison Ave,
2nd Floor, New York, NY 10022, telephone: 1-877-547-6340 or e-mail:
Prospectus_Department@Jefferies.com.
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 solutions across eight key
North American markets. More than 800 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: the geographic concentration of the Company’s
data centers in certain markets and any adverse developments in
local economic conditions or the demand for data center space in
these markets; fluctuations in interest rates and increased
operating costs; difficulties in identifying properties to acquire
and completing acquisitions; significant industry competition; the
Company’s failure to obtain necessary outside financing; the
Company’s failure to qualify or maintain its status as a REIT;
financial market fluctuations; changes in real estate and zoning
laws and increases in real property tax rates; 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/20151028006754/en/
CoreSiteInvestor Relations:Greer Aviv,
+1-303-405-1012 or +1-303-222-7276Investor Relations
DirectorGreer.Aviv@CoreSite.com
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