ATLANTA--(BUSINESS WIRE)--
Columbia Property Trust, Inc. (the “Company”) (NYSE:CXP) announced today
that its operating partnership, Columbia Property Trust Operating
Partnership, L.P., has priced a public offering of $350 million
aggregate principal amount of 4.150% senior unsecured notes due April 1,
2025, at a price of $998.59 per $1,000 in principal amount. We intend to
use the net proceeds from this offering to repay our outstanding $300
million unsecured bridge term loan, without penalty, which matures on
July 6, 2015, and bears interest at LIBOR plus 1.15%, and for general
corporate purposes. The offering is expected to close on March 12, 2015,
subject to customary closing conditions. The notes will be fully and
unconditionally guaranteed on a senior unsecured basis by the Company.
J.P. Morgan, Morgan Stanley, Wells Fargo Securities, Jefferies and US
Bancorp are acting as joint book-running managers, with Goldman, Sachs &
Co.; Regions Securities LLC; MUFG; BBVA Securities Inc.; BMO Capital
Markets; Capital One Securities; Comerica Securities; Fifth Third
Securities, Inc.; SMBC Nikko; and TD Securities acting as co-managers.
The offering may be made only by means of a prospectus supplement and
accompanying prospectus. Copies of these documents may be obtained by
contacting any of the following:
-
J.P. Morgan Securities LLC; 383 Madison Avenue, New York, New York
10179, Attention: Investment Grade Syndicate Desk - 3rd
Floor; telephone: (212) 834-4533 (collect);
-
Morgan Stanley; 180 Varick Street, New York, New York 10014,
Attention: Prospectus Department; telephone: (866) 718-1649 (toll
free); or
-
Wells Fargo Securities, LLC; 608 2nd Avenue, South
Minneapolis, Minnesota 55402, Attention: WFS Customer Service;
telephone: (800) 645-3751 (toll free); email: wfscustomerservice@wellsfargo.com.
Electronic copies of the prospectus supplement and accompanying
prospectus are also available from the Securities and Exchange
Commission’s website at www.sec.gov.
A shelf registration statement relating to these securities became
effective upon filing with the Securities and Exchange Commission. This
press release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
About Columbia Property Trust
Columbia Property Trust, a publicly traded REIT, invests in high-quality
commercial office properties in primary markets nationwide and has
achieved an investment-grade rating from both Moody's and Standard &
Poor’s rating services. As of February 12, 2015, Columbia Property
Trust's portfolio consisted of 38 office properties and one hotel, which
included 55 operational buildings and comprised approximately 16.6
million square feet, located in 15 U.S. metropolitan statistical areas
(MSAs).
Forward-Looking Statements:
Certain statements contained in this press release other than
historical facts may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. We intend for all such
forward-looking statements to be covered by the applicable safe harbor
provisions for forward-looking statements contained in those acts. Such
statements include, in particular, statements about the closing of the
offering and application of the proceeds therefrom. Such
forward-looking statements can generally be identified by our use of
forward-looking terminology such as "may," "will," "expect," "intend,"
"anticipate," "estimate," "believe," "continue," or other similar words.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. We make no representations or warranties (express or
implied) about the accuracy of any such forward-looking statements
contained in this press release, and we do not intend to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
Any such forward-looking statements are subject to risks,
uncertainties, and other factors and are based on a number of
assumptions involving judgments with respect to, among other things,
future economic, competitive, and market conditions, all of which are
difficult or impossible to predict accurately. To the extent that our
assumptions differ from actual conditions, our ability to accurately
anticipate results expressed in such forward-looking statements,
including our ability to generate positive cash flow from operations,
make distributions to stockholders, and maintain the value of our real
estate properties, may be significantly hindered. See Item 1A in the
Company's most recently filed Annual Report on Form 10-K for the year
ended December 31, 2014, for a discussion of some of the risks and
uncertainties that could cause actual results to differ materially from
those presented in our forward-looking statements. The risk factors
described in our Annual Report are not the only ones we face, but do
represent those risks and uncertainties that we believe are material to
us. Additional risks and uncertainties not currently known to us or that
we currently deem immaterial may also harm our business.

Columbia Property Trust, Inc.
Krister Romeyn, 404-465-2231
or
Jim
Fleming, 404-465-2200
IR@columbiapropertytrust.com
Source: Columbia Property Trust, Inc.