CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group, 4M Shares To Citigroup And Jefferies

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CoreSite Realty Corporation
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.
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Posted In: NewsOfferingsPress Releases
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