DCT Industrial Trust Inc.® Announces Private Offering of Senior Unsecured Notes
October 02 2013 - 9:50AM
Business Wire
DCT Industrial Trust Inc.® (the “Company”) (NYSE: DCT) announced
today that its operating partnership subsidiary, DCT Industrial
Operating Partnership LP (the “Operating Partnership”), intends to
offer, subject to market and other conditions, senior unsecured
notes (the “Notes”) in a private offering exempt from the
registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”). The Notes will be initially guaranteed by
the Company and each of the Operating Partnership’s wholly owned
subsidiaries that guarantees borrowings under the Operating
Partnership’s revolving credit facility. In addition, the Operating
Partnership will cause any consolidated subsidiary (including any
future subsidiary) that guarantees indebtedness of the Operating
Partnership for money borrowed in an amount greater than $5.0
million at any time after the issuance of the Notes to also
guarantee the Notes.
The Operating Partnership intends to use the net proceeds to
repay existing indebtedness, including its $175.0 million senior
unsecured term loan, $50.0 million of senior unsecured fixed rate
notes and borrowings under its revolving credit facility, and for
general corporate purposes.
The Notes will be sold only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to non-U.S.
persons in offshore transactions outside the United States pursuant
to Regulation S under the Securities Act. The Notes and related
guarantees to be offered have not been registered under the
Securities Act or any state securities laws and, unless so
registered, may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes nor shall it constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the Federal securities laws. You should exercise
caution in interpreting and relying on forward-looking statements
because they involve known and unknown risks, uncertainties and
other factors which are, in some cases, beyond the Company’s
control and could materially affect actual results, performance or
achievements. These factors include, without limitation, the
Operating Partnership’s ability to close the offering, the use of
proceeds therefrom and other risks and uncertainties detailed from
time to time in the Company’s filings with the Securities and
Exchange Commission.
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DCT Industrial Trust Inc.Melissa Sachs, 303-597-2400VP
Corporate Communications & Investor
Relationsinvestorrelations@dctindustrial.com
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