CommonWealth REIT Announces Proposed Public Offering of 7,500,000 Common Shares
12 Julho 2011 - 5:05PM
Business Wire
CommonWealth REIT (NYSE: CWH) today announced that it commenced
a public offering of 7,500,000 common shares. CWH expects to use
the net proceeds from this offering to reduce amounts outstanding
under its $750 million revolving credit facility and for general
business purposes, including funding acquisitions. It is
contemplated that the underwriters will also be granted a 30-day
option to purchase up to an additional 1,125,000 common shares to
cover overallotments, if any.
The joint book-running managers for this offering are Citi,
Morgan Stanley and Wells Fargo Securities. The co-lead managers for
this offering are BofA Merrill Lynch, Jefferies, RBC Capital
Markets and UBS Investment Bank. The co-managers for this offering
are BB&T Capital Markets, Janney Montgomery Scott, JMP
Securities and Oppenheimer & Co. This press release is neither
an offer to sell nor a solicitation of an offer to buy shares, nor
shall there be any sale of these securities in any state or
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. The preliminary
prospectus supplement relating to this offering and related
prospectus are expected to be filed with the Securities and
Exchange Commission (SEC) and copies can be obtained by contacting
the offices of: Citi, Prospectus Department, Brooklyn Army
Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220,
telephone: (800) 831-9146, Morgan Stanley & Co. LLC at 180
Varick Street, 2nd Floor, New York, New York 10014, Attn:
Prospectus Department, telephone: (866) 718-1649 and Wells Fargo
Securities, Attention: Equity Syndicate Dept., 375 Park Avenue, New
York, NY 10152, telephone: (800) 326-5897.
WARNING CONCERNING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS
ARE BASED UPON CWH’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE, ALTHOUGH THIS PRESS
RELEASE REFERS TO AN OFFERING OF 7,500,000 COMMON SHARES, GREATER
OR FEWER THAN 7,500,000 COMMON SHARES MAY BE SOLD OR THIS OFFERING
MAY BE WITHDRAWN. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON
ANY FORWARD LOOKING STATEMENT.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange. No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
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