Liberty Property Trust Prices $400 Million Of 4.125% Senior Notes Due 2022
MALVERN, Pa., June 6, 2012 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced $400 million aggregate principal amount of 4.125% senior unsecured notes due June 15, 2022. The 4.125% notes were priced to yield 4.149%. The offering is expected to close on June 11, 2012, subject to customary closing conditions.
The proceeds will be used to repay indebtedness outstanding under the Company's unsecured credit facility and for general corporate purposes.
This offering is being made pursuant to a prospectus supplement to the Company's base prospectus included in an automatic shelf registration statement initially filed with the Securities and Exchange Commission on May 5, 2011.
The offering may be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, toll free at (800) 831-9146 or at firstname.lastname@example.org; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: High Grade Syndicate Desk, 3rd floor, telephone collect at (212) 834-4533, or UBS Securities LLC, Attn: Prospectus Specialist, 299 Park Avenue, New York, NY 10071 or by telephone at 877-827-6444, ext. 561 3884.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities, blue sky or other laws of any such state or other jurisdiction.
Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio includes 650 properties providing office, distribution and light manufacturing facilities to 1,700 tenants.
The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although Liberty believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors include, without limitation, the uncertainties affecting real estate businesses generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to our ability to maintain and increase property occupancy and rental rates, the financial condition of tenants, the uncertainties of real estate development and construction activity, the costs and availability of financing, the effects of local economic and market conditions, regulatory changes, potential liability relative to environmental matters and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Liberty Property Trust
More by this Source
Liberty Property Trust Announces Herman C. Fala Will Join The Company As General Counsel
Dec 05, 2013, 13:02 ET
Liberty Property Trust to Host Conference Call to Discuss 2014 Expectations
Nov 26, 2013, 14:31 ET
Liberty Property Trust Sadly Announces The Passing Of Jim Bowes
Nov 22, 2013, 09:45 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.