CoreSite Realty Corporation
Debt Capital Markets
|Client & Transactional Partners||CoreSite Realty Corporation||Our Role||Joint Lead Placement Agent|
On April 3, 2019, CoreSite Realty Corporation (together with its consolidated subsidiaries, “CoreSite” or the “Company”) successfully priced a $400 million private placement offering of Senior Unsecured Notes (the “Notes”). The Notes were priced in two series: the 4.11% Series A Senior Notes due April 17, 2026 (the “Series A Notes”) and its 4.31% Series B Senior Notes due April 17, 2029 (the “Series B Notes”). An aggregate principal amount of $200 million of the Series A Notes and $125 million of the Series B Notes funded on April 17, 2019, and an aggregate principal amount of $75 million of the Series B Notes is expected to be funded prior to July 17, 2019.
The Company plans to use the net proceeds of the offering to repay borrowings under its Revolving Credit Facility and for general corporate purposes. KeyBanc Capital Markets (“KBCM”) acted as Joint Placement Agent on the Notes. The financing follows KBCM serving as Joint Placement Agent on the Company’s last two private placements—most recently in April 2017.