Denver, CO – September 13, 2010 – CoreSite Realty Corporation (the "Company") (NYSE:COR, news, filings) today announced the commencement of an initial public offering of 16,900,000 shares of the Company's common stock, par value $0.01 per share. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 2,535,000 shares to cover over-allotments, if any. The Company intends to use the net proceeds of the offering to purchase operating partnership units from its operating partnership and from various real estate funds affiliated with the Carlyle Group that are contributing properties to the operating partnership concurrently with the consummation of the initial public offering. The operating partnership, in turn, intends to use such proceeds to fund redevelopment and development of data centers, repay debt and for general corporate purposes.
Citi, BofA Merrill Lynch and RBC Capital Markets are the joint book-running managers for the offering and KeyBanc Capital Markets and Credit Suisse Securities (USA) LLC are the lead managers of the offering.
A registration statement (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
A copy of the preliminary prospectus related to the offering has been filed with the Securities and Exchange Commission and can be obtained by contacting Citi, Attention: Prospectus Department, Brooklyn Army Terminal, 140 East 58th Street, 8th Floor, Brooklyn, NY 11220, telephone, (800) 831-9146, email: BATProspectusdept@citi.com; BofA Merrill Lynch, Attention: Preliminary Prospectus Department, 4 World Financial Center, New York, NY 10080, email: firstname.lastname@example.org; RBC Capital Markets, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street 8th Floor, New York, NY 10281, telephone, (877) 822-4089.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. This offering is being made solely by means of a prospectus.
Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
About CoreSite Realty Corporation
CoreSite Realty Corporation is an owner, developer and operator of strategically located real estate, designed to meet the stringent needs of the information technology community. The Company offers private data centers and suites, cage-to-cabinet colocation, and interconnection opportunities, including the Any2 public peering exchange.