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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): July 14, 2020

 

 

CoreSite Realty Corporation

(Exact name of registrant as specified in its charter)

 

 

Maryland   001-34877   27-1925611

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1001 17th Street, Suite 500

Denver, CO

(Address of principal executive offices)

 

80202

(Zip Code)

 

Registrant’s telephone number, including area code: (866) 777-2673

 

N/A

(Former name or former address, if changed since last report.) 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of Each Class  Trading Symbol  Name of Each Exchange on Which
Registered
Common Stock, $0.01 par value per share  COR  New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨ 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 2.03Creation 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.

 

 

 

 

SIGNATURE

 

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