CoreSite Realty Corporation Announces Sale of Common Stock by the Carlyle Group
28 April 2015 - 6:34AM
Business Wire
CoreSite Realty Corporation (NYSE: COR) (the “Company”), a
premier provider of secure, reliable, high-performance data center
solutions across the United States, today announced the sale of
4,500,000 shares of its common stock by investment funds affiliated
with The Carlyle Group to Jefferies LLC and Citigroup, as the
underwriters in connection with the offering. In addition, the
underwriters will have a 30-day option to purchase up to 675,000
additional shares from the selling stockholders.
Upon completion of the offering, investment funds affiliated
with The Carlyle Group will continue to hold 20,775,390 partnership
units in the Company’s operating partnership (or 20,100,390
partnership units if the underwriters exercise in full their option
to purchase additional shares) 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 if 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 43.9%
of the Company’s issued and outstanding common stock (or 42.5% of
the Company’s issued and outstanding common stock if the
underwriters exercise in full their option to purchase additional
shares). The offering is expected to close and settle on or about
May 1, 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.
Jefferies LLC and Citigroup 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 Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520
Madison Ave, 2nd Floor, New York, NY 10022, telephone at
1-877-547-6340 or by e-mail at Prospectus_Department@Jefferies.com;
or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).
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.
CoreSiteInvestor Relations ContactGreer Aviv, +1
303-405-1012 or +1 303-222-7276CoreSite Investor Relations
DirectorGreer.Aviv@CoreSite.comorCoreSite Media
ContactCourtney Gaudet, +1
303-222-7274Courtney.Gaudet@CoreSite.com
Cencora (NYSE:COR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cencora (NYSE:COR)
Historical Stock Chart
From Apr 2023 to Apr 2024