CoreSite Realty Corporation (NYSE:COR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on June15, 2016, CoreSite, L.P. (the “Operating Partnership”), the operating partnership of CoreSite Realty Corporation (the “Company”), entered into a note purchase agreement (the “2016 Note Purchase Agreement”), by and among the Operating Partnership, the Company and the purchasers named therein, to which the Operating Partnership issued and sold an aggregate principal amount of $150 million of its 4.19% Senior Notes due June15, 2023 in a private placement to certain “accredited investors” conducted to Section4(a)(2)of the Securities Act of 1933, as amended (the “Securities Act”).
Also as previously disclosed, on April20, 2017, the Operating Partnership entered into a note purchase agreement (together with the 2016 Note Purchase Agreement, each a “Note Purchase Agreement”), by and among the Operating Partnership, the Company and the purchasers named therein, to which the Operating Partnership issued and sold an aggregate principal amount of $175 million of its 3.91% Senior Notes due April20, 2024 in a private placement to certain “accredited investors” conducted to Section4(a)(2)of the Securities Act.
On June12, 2018, each Note Purchase Agreement was amended (the “Amendments”) in order to, among other things, conform the terms thereof to the Operating Partnership’s fourth amended and restated unsecured credit agreement and the Operating Partnership’s amended and restated unsecured term loan agreement (together, the “Credit Agreements”), including providing for the release of subsidiary guarantors upon receipt by the Company of an investment grade rating and increases or decreases, as applicable, to a number of ratios and other figures in each Note Purchase Agreement in order to provide increased flexibility for the Operating Partnership and its subsidiaries.
The foregoing description of the Amendments is qualified in its entirety by reference to the full text of each amendment attached as Exhibit10.1 and Exhibit10.2, respectively, to this Current Report on Form8-K and incorporated by reference into this Item 1.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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ExhibitNo. |
Description |
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10.1 |
First Amendment, dated June12, 2018, by and among CoreSite, L.P., CoreSite Realty Corporation and the noteholders party thereto, to that certain Note Purchase Agreement, dated as of June15, 2016, by and among CoreSite, L.P., CoreSite Realty Corporation and the purchasers listed on the Purchaser Schedule thereto. |
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10.2 |
First Amendment, dated June12, 2018, by and among CoreSite, L.P., CoreSite Realty Corporation and the noteholders party thereto, to that certain Note Purchase Agreement, dated as of April20, 2017, by and among CoreSite, L.P., CoreSite Realty Corporation and the purchasers listed on the Purchaser Schedule thereto. |
