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SOURCE QTS Realty Trust, Inc.
OVERLAND PARK, Kan., July 9, 2014 /PRNewswire/ -- QTS Realty Trust, Inc. (NYSE: QTS) today announced that its subsidiaries, QualityTech, LP and QTS Finance Corporation (the "Issuers"), intend to offer senior notes due 2022 (the "Notes"), subject to market and other conditions. Proceeds from the offering are expected to be used to repay amounts outstanding under our unsecured credit facility, including approximately $75 million outstanding under our unsecured term loan, with the remaining proceeds being used to repay a portion of amounts outstanding under our unsecured revolving credit facility.
The Notes will be unconditionally guaranteed, jointly and severally, on a senior unsecured basis by certain of our subsidiaries.
The notes will be offered and sold to qualified institutional buyers in the U.S. pursuant to Rule 144A and outside the U.S. pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act").
The Notes have not been registered under the Securities Act or applicable state securities laws and 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 laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
QTS Realty Trust, Inc. (NYSE: QTS) is a leading national provider of data center solutions and fully managed services. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving infrastructure demands of web and IT applications. With 12 data centers in eight states, QTS owns, operates and manages approximately 4.7 million square feet of secure, state-of-the-art data center infrastructure and supports more than 875 customers.
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