By Wendy Van Sickle
Columbus, Ohio, May 6 – CoreSite Realty Corp.’s operating partnership, CoreSite, LP, agreed to sell $150 million of 3.75% senior notes due May 6, 2027 to accredited investors.
A total of $100 million of the notes was issued on May 6, and $50 million is expected to be issued by July 14.
Proceeds will be used to refinance existing debt and for general corporate purposes, according to a news release.
CoreSite is a Denver-based provider of data center products and interconnection services.
| Issuer: | CoreSite, LP
|
| Issue: | Senior notes
|
| Amount: | $150 million
|
| Maturity: | May 6, 2027
|
| Coupon: | 3.75%
|
| Distribution: | Private placement
|
| Issue date: | May 6 for $100 million; $50 million additional on or by July 14
|
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