SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 2.03||Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.|
As previously disclosed, CoreSite Realty Corporation (the “Company”) and its operating partnership, CoreSite, L.P. (the “Operating Partnership”), entered into a note purchase agreement (the “Note Purchase Agreement”), dated May 6, 2020, with the purchasers named therein pursuant to which, on May 6, 2020, the Operating Partnership issued an aggregate principal amount of $100 million of its 3.75% Series C Senior Notes due May 6, 2027 (the “Initial Series C Notes”).
On July 14, 2020, the Operating Partnership issued $50 million aggregate principal amount of its Series C Senior Notes due May 6, 2027 (the “Notes”) under the Note Purchase Agreement, as provided therein. The Notes were issued in a private placement to certain “accredited investors” pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The Notes have the same terms as the Initial Series C Notes, as described in the Company’s Current Report Form 8-K filed on May 7, 2020, and which description is incorporated by reference in this Item 2.03.
The Operating Partnership expects to use the proceeds from the Notes to pay down outstanding amounts on the revolving portion of its senior unsecured credit facilities and for general corporate purposes.
The Notes and the guaranties thereof will not be and have not been registered under the Securities Act or any state securities laws and may not be offered or sold absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 14, 2020
|CORESITE REALTY CORPORATION|
|By:||/s/ Jeffrey S. Finnin|
|Name:||Jeffrey S. Finnin|
|Title:||Chief Financial Officer|