CoreSite Realty Corporation Announces Exercise of Underwriters'
Option to Purchase Additional Shares

DENVER, Sep 27, 2010 (BUSINESS WIRE) --

CoreSite Realty Corporation (the "Company") (NYSE: COR) today announced the underwriters' full exercise of their over-allotment option to purchase an additional 2,535,000 shares of the Company's common stock at a public offering price of $16.00 per share, less the underwriting discounts and commissions. The over-allotment option was granted pursuant to an underwriting agreement executed in connection with the Company's initial public offering of 16,900,000 shares, which was priced on September 22, 2010. The initial public offering, including the purchase of the shares pursuant to the exercise of the overallotment option, is expected to close on September 28, 2010.

Net proceeds from the public offering, including the overallotment option, are approximately $283.5 million, after deducting the underwriting discounts and commissions and offering expenses payable by the Company. 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 relating to these securities has been declared effective by the Securities and Exchange Commission. A copy of the final 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:; BofA Merrill Lynch, Attention: Preliminary Prospectus Department, 4 World Financial Center, New York, NY 10080, email:; 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, 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.

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.

SOURCE: CoreSite Realty Corporation

CoreSite Realty Corporation
Investor Relations, 303-222-7276
Print Page
RSS Feeds
Email Alerts
Contact IR