JERSEY CITY, N.J., Nov. 29, 2016 /PRNewswire/ -- Mack-Cali
Realty Corporation (the "Company") (NYSE: CLI) today announced that
its operating partnership, Mack-Cali Realty, L.P. (the "Operating
Partnership"), will redeem for cash all $135,136,000 outstanding principal amount of the
Operating Partnership's 7.750% Notes due 2019 (the "Notes"). The
Notes shall be redeemed on December 29,
2016 (the "Redemption Date"). The redemption price for the
Notes, including a make-whole premium, will be 115.3136579% of the
principal amount of the Notes, plus any accrued and unpaid interest
up to, but not including, the Redemption Date.
The Notes are to be surrendered to Wilmington Trust Company, as
trustee and paying agent, in exchange for payment of the applicable
redemption price. Questions relating to, and requests for
additional copies of, the notice of redemption for the Notes should
be directed to Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001,
Attn: Corporate Trust Administration, (203) 453-4130.
This announcement is for information purposes only and is not an
offer to purchase or redeem nor a solicitation of an offer to
purchase or redeem with respect to any of the Notes.
About Mack-Cali Realty Corporation
Mack-Cali Realty Corporation is a fully integrated,
self-administered, self-managed real estate investment trust (REIT)
providing management, leasing, development, and other
tenant-related services for its two-platform operations of
waterfront and transit-based office and luxury multi-family assets.
Mack-Cali provides its tenants and
residents with the most innovative communities that empower them to
re-imagine the way they work and live.
Additional information on Mack-Cali Realty Corporation and the
commercial real estate properties and multi-family residential
communities available for lease can be found on the Company's
website at www.mack-cali.com.
We consider portions of this press release to be forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. We intend such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in Section 21E of such act.
Such forward-looking statements relate to, without limitation, our
future economic performance, plans and objectives for future
operations and projections of revenue and other financial items.
Forward-looking statements can be identified by the use of words
such as "may," "will," "plan," "potential," "projected," "should,"
"expect," "anticipate," "estimate," "target," "continue" or
comparable terminology. Forward-looking statements are inherently
subject to risks and uncertainties, many of which we cannot predict
with accuracy and some of which we might not even anticipate.
Although we believe that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions at
the time made, we can give no assurance that such expectations will
be achieved. Future events and actual results, financial and
otherwise, may differ materially from the results discussed in the
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements.
Contacts:
|
Anthony
Krug
|
Ilene
Jablonski
|
Deidre
Crockett
|
|
Mack-Cali Realty
Corporation
|
Mack-Cali Realty
Corporation
|
Mack-Cali Realty
Corporation
|
|
Chief Financial
Officer
|
Vice President of
Marketing
|
Director of Investor
Relations
|
|
(732)
590-1030
|
(732)
590-1528
|
(732)
590-1025
|
|
tkrug@mack-cali.com
|
ijablonski@mack-cali.com
|
dcrockett@mack-cali.com
|
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SOURCE Mack-Cali Realty Corporation