Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 3:31 AM
|This Slide: #522 of 573|
Slide #522. CoreSite Realty Corporation — Preferred Stock Offering
CoreSite Realty Corporation (NYSE:COR)
7.25% Series A Cumulative Redeemable Preferred Stock (COR.PRA)
Date of Pricing:
Price Per Share:
Final Completed Deal Size:
Preferred Stock Offering Details:
CoreSite Realty Corporation, an owner, developer and operator of strategically located data centers in some of the leading communications hubs in North America, today announced the pricing of an underwritten public offering of 4,000,000 shares of 7.25% Series A Cumulative Redeemable Preferred Stock at a price of $25.00 per share for gross proceeds of $100 million. The offering is expected to close on December 12, 2012, subject to closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its 7.25% Series A Cumulative Redeemable Preferred Stock to cover over-allotments, if any. The Company intends to apply to list the shares on the New York Stock Exchange.
CoreSite Realty is a self-administered, and self-managed real estate investment trust (REIT) and Co. conducts certain activities through its taxable REIT subsidiaries. Through its controlling interest in CoreSite, L.P., Co. is engaged in the business of ownership, acquisition, construction and operation of data centers in some data center markets in the United States, including the San Francisco Bay area, Los Angeles, the Northern Virginia area (including Washington D.C.), the New York area, Boston, Chicago, Denver and Miami. Co. delivers data center, cloud access and interconnection solutions to a customer ecosystem across eight key North American communication markets.
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