Tag Archives: Fenner Smith Incorporated

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FIS Announces Pricing of Senior Notes Offering

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FIS Announces Pricing of Senior Notes Offering

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Fidelity National Information Services, Inc. (“FIS“) (NYS: FIS) , a leading provider of banking and payments technology, today announced the pricing of its sale of $250 million in aggregate principal amount of 2.000% Senior Notes due 2018 (the “2018 Notes”) and $1.0 billion in aggregate principal amount of 3.500% Senior Notes due 2023 (the “2023 Notes”), together (the “Notes”). The Notes will be guaranteed by certain of FIS‘ subsidiaries. FIS intends to use the net proceeds from this offering to fund the purchase, through a call for redemption, of $750 million aggregate principal amount of our 7.625% senior notes due 2017, to pay fees and expenses related to this offering, and for general corporate purposes, which may include the repayment of other existing indebtedness.

Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering. The offering of these securities is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Barclays Capital Inc. at 1.888.603.5843 or by e-mailing barclaysprospectus@broadridge.com, J.P. Morgan Securities LLC, Syndicate Desk collect at 212.834.4533 and Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1.800.294.1322 or by e-mailing dg.prospectus_requests@baml.com. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 5, 2013.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make such offer, solicitation or sale. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.


About FIS

FIS (NYS: FIS) is a leading global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and

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FIS Announces Proposed Offering of Senior Notes

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FIS Announces Proposed Offering of Senior Notes

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Fidelity National Information Services, Inc. (“FIS“) (NYS: FIS) , a leading provider of banking and payments technology, today announced that it intends to make an offering, subject to market and other considerations, of senior notes in one or more tranches with intermediate maturities (the “Notes”). The Notes will be guaranteed by certain of FIS‘ subsidiaries. FIS intends to use the net proceeds from this offering to fund the purchase, through a call for redemption, of up to $750 million aggregate principal amount of its 7.625% senior notes due 2017, to pay fees and expenses related to the offering and for general corporate purposes, which may include the repayment of other existing indebtedness.

Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering. The offering of these securities is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Barclays Capital Inc. at 1.888.603.5843 or by emailing barclaysprospectus@broadridge.com, J.P. Morgan Securities LLC collect at 212.834.4533 and Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1.800.294.1322 or Dg.prospectus_requests@baml.com. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 5, 2013.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make such offer, solicitation or sale. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.


About FIS

FIS (NYS: FIS) is a leading global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS topped the annual 2012 and 2011 FinTech

Source: FULL ARTICLE at DailyFinance

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Reliance Steel & Aluminum Co. Announces $500 Million 4.500% Senior Notes Offering

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Reliance Steel & Aluminum Co. Announces $500 Million 4.500% Senior Notes Offering

LOS ANGELES–(BUSINESS WIRE)– Reliance Steel & Aluminum Co. (NYS: RS) announced today that it has entered into an underwriting agreement for the sale of $500 million principal amount of its 4.500% Senior Notes due 2023 at an issue price of 99.585%. The notes will be guaranteed by Reliance’s subsidiaries that guarantee its credit agreement and its senior notes due 2016 and 2036. Reliance intends to use the net proceeds to finance a portion of its pending acquisition of Metals USA Holdings Corp. If Reliance does not consummate its acquisition of Metals USA on or prior to December 15, 2013, the merger agreement with Metals USA is terminated at any time prior thereto or Reliance determines in its reasonable judgment that the acquisition will not occur, Reliance will be required to redeem all of the notes at a purchase price in cash equal to 101% of their aggregate principal amount, plus accrued and unpaid interest. The offering is expected to close on April 12, 2013.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as joint book-running managers of the offering.

The offering is being made only by means of a prospectus supplement and an effective registration statement (including a prospectus), which have been filed with the SEC. A copy of the prospectus supplement and accompanying prospectus for the offering may be obtained by contacting J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York, New York 10179, by phone at 1-212-834-4533, or by fax at 1-212-834-6081; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 222 Broadway, 7th Floor, New York, New York 10038, by email at dg.prospectus_requests@baml.com, or by phone at 1-800-294-1322; or Wells Fargo Securities, LLC, Attention: Capital Markets Client Support, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, by email at cmclientsupport@wellsfargo.com, or by phone at 1-800-326-5897. Alternatively, you may get these documents for free by visiting the SEC‘s website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, and shall not constitute an offer, solicitation or sale in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co., headquartered in …read more

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Reliance Steel & Aluminum Co. Announces Proposed $500 Million Senior Notes Offering

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Reliance Steel & Aluminum Co. Announces Proposed $500 Million Senior Notes Offering

LOS ANGELES–(BUSINESS WIRE)– Reliance Steel & Aluminum Co. (NYS: RS) announced today that it proposes to offer, subject to market and other considerations, $500 million principal amount of senior notes due 2023. Actual terms of the notes, including interest rate, will depend on market conditions at the time of pricing. The notes will be guaranteed by Reliance’s subsidiaries that guarantee its credit agreement and its senior notes due 2016 and 2036. Reliance intends to use the net proceeds to finance a portion of its pending acquisition of Metals USA Holdings Corp. If Reliance does not consummate its acquisition of Metals USA on or prior to December 15, 2013, the merger agreement with Metals USA is terminated at any time prior thereto or Reliance determines in its reasonable judgment that the acquisition will not occur, Reliance will be required to redeem all of the notes at a purchase price in cash equal to 101% of their aggregate principal amount, plus accrued and unpaid interest.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering.

The offering is being made only by means of a preliminary prospectus supplement and an effective registration statement (including a prospectus), which have been filed with the SEC. A copy of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained by contacting J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York, New York 10179, by phone at 1-212-834-4533, or by fax at 1-212-834-6081; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 222 Broadway, 7th Floor, New York, New York 10038, by email at dg.prospectus_requests@baml.com, or by phone at 1-800-294-1322; or Wells Fargo Securities, LLC, Attention: Capital Markets Client Support, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, by email at cmclientsupport@wellsfargo.com, or by phone at 1-800-326-5897. Alternatively, you may get these documents for free by visiting the SEC‘s website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, and shall not constitute an offer, solicitation or sale in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum …read more

Source: FULL ARTICLE at DailyFinance

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Reliance Steel & Aluminum Co. Announces Amended and Restated $1.5 Billion Credit Facility and New $5

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Reliance Steel & Aluminum Co. Announces Amended and Restated $1.5 Billion Credit Facility and New $500 Million Term Loan

LOS ANGELES–(BUSINESS WIRE)– Reliance Steel & Aluminum Co. (NYS: RS) announced today that it has amended and restated its existing $1.5 billion unsecured revolving credit facility and raised $500 million in a new term loan. The credit agreement has a term of five years, expiring April 4, 2018 and includes an increase option of the revolving credit facility for up to an additional $500 million. Both facilities allow for prepayments.

David H. Hannah, Chairman and CEO of Reliance said, “These financing transactions are a significant step in obtaining the financing necessary to complete our previously announced acquisition of Metals USA that we expect to close in the 2013 second quarter. The bank markets remain favorable and we are happy with the pricing and other terms under the new facility. We appreciate the continued support of the syndicate of 26 banks involved in our credit facility.”

Bank of America N.A. is the Administrative Agent and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Co-Syndication Agents. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC were the Joint Lead Arrangers and Joint Book Managers.

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 240 locations in 38 states and ten countries outside of the United States, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s web site at www.rsac.com. The Company was named to the 2012 “Fortune500” List and the 2012 Fortune List of “The World‘s Most Admired Companies.”

This release may contain forward-looking statements. Actual results and events may differ materially as a result of a variety of factors, many of which are outside of Reliance Steel & Aluminum Co.’s control. Risk factors and additional information are included in Reliance Steel & Aluminum Co.’s reports on file with the Securities and Exchange Commission, including Reliance Steel & Aluminum Co.’s Annual Report on Form 10-K for …read more

Source: FULL ARTICLE at DailyFinance

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Avery Dennison Prices $250 Million Senior Notes Offering

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Avery Dennison Prices $250 Million Senior Notes Offering

PASADENA, Calif.–(BUSINESS WIRE)– Avery Dennison Corporation (NYS: AVY) announced today that it has priced an underwritten public offering of $250,000,000 aggregate principal amount of 3.35% Senior Notes due 2023. The Senior Notes were priced at 99.898% of their principal amount. The offering is expected to close on April 8, 2013, subject to customary closing conditions.

Avery Dennison intends to use the net proceeds from the offering to repay existing indebtedness under its commercial paper program.

The joint book-running managers for this offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc., and Wells Fargo Securities, LLC, with HSBC Securities (USA) Inc. and Mitsubishi UFJ Securities (USA), Inc. as co-managers.

Avery Dennison has filed a registration statement with the SEC relating to the offering. The offering may be made only by means of a preliminary prospectus supplement and accompanying prospectus, copies of which may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated at Attn: Prospectus Department, 222 Broadway, 11th Floor, New York, NY 10038, by calling (800) 294-1322 or by emailing dg.prospectus_requests@baml.com, or J.P. Morgan Securities LLC at Attn: Investment Grade Syndicate Desk, 383 Madison Avenue, 3rd Floor, New York, NY 10179, or by calling (212) 834-4533.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any 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 Avery Dennison

Avery Dennison (NYS: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2012.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This press …read more
Source: FULL ARTICLE at DailyFinance

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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP“), has agreed to sell $500 million of 3.125% senior unsecured notes due 2023 in an underwritten public offering through Citigroup, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as joint book-running managers. The notes were priced at 99.379% of the principal amount to yield 3.196% to maturity. The notes will mature on September 1, 2023 unless earlier redeemed. The offering is expected to close on April 11, 2013.

The estimated net proceeds from this offering are expected to be approximately $492.5 million after deducting underwriting discounts and estimated transaction expenses of approximately $7.5 million. BPLP intends to use the net proceeds from the sale of the notes for general business purposes, which may include investment opportunities and debt reduction. Pending such uses, BPLP may invest the net proceeds in short-term, interest-bearing securities.

The offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at (800) 831-9146 or at batprospectusdept@citi.com; Deutsche Bank Securities Inc. at Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling toll free at (800) 503-4611 or by emailing prospectus.CPDG@db.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, by calling (800) 294-1322 or by email at dg.prospectus_requests@baml.com; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling (866) 718-1649 or by email at prospectus@morganstanley.com. An effective registration statement is on file with the Securities and Exchange Commission (SEC), and a copy of the prospectus and related prospectus supplement also will be available on the SEC‘s website at www.sec.gov.

This press release 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 in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Boston Properties is a fully integrated, self-administered and self-managed real estate …read more
Source: FULL ARTICLE at DailyFinance

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Glimcher Realty Trust Closes $90 Million Preferred Share Offering

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Glimcher Realty Trust Closes $90 Million Preferred Share Offering

COLUMBUS, Ohio–(BUSINESS WIRE)– Glimcher Realty Trust (NYSE: GRT) today closed the underwritten public offering of 3,600,000 of its 6.875% Series I Cumulative Redeemable Preferred Shares (the “Series I Preferred Shares”) with a liquidation preference of $25.00 per share. The offering generated net proceeds to the Company of approximately $86.8 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds to redeem 3,600,000 of Series G Cumulative Redeemable Preferred Shares.

The Company has filed an application to list the Series I Preferred Shares on the New York Stock Exchange under the symbol “GRTPRI”. Trading of the Series I Preferred Shares on the New York Stock Exchange is expected to begin within 30 days after the initial issuance of the Series I Preferred Shares.

Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers. Jefferies LLC, Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated acted as co-managers for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering may be made only by means of a prospectus supplement and related prospectus. Copies of the prospectus supplement and related prospectus for this offering may be obtained by contacting Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, telephone (800) 326-5897 or e-mail request to cmclientsupport@wellsfargo.com; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department; telephone (800) 294-1322 or e-mail a request to dg.prospectus_requests@baml.com.

About Glimcher Realty Trust

Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as outlet centers. Glimcher owns material interests in and manages 29 properties with total gross leasable area totaling approximately 21.7 million square feet.

Glimcher Realty Trust‘s common shares are listed on the New York Stock Exchange under the …read more
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Kayne Anderson MLP Investment Company Prices Public Offering of Series F Mandatory Redeemable Prefer

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Kayne Anderson MLP Investment Company Prices Public Offering of Series F Mandatory Redeemable Preferred Shares

HOUSTON–(BUSINESS WIRE)– Kayne Anderson MLP Investment Company (the “Company”) (NYS: KYN) announced the pricing of a public offering of preferred stock. The Company agreed to sell 4,400,000 shares of Series F Mandatory Redeemable Preferred Shares (“Series F MRP Shares”) at a price of $25.00 per share (exclusive of 600,000 additional shares that the underwriters may purchase pursuant to a 15-day option to cover over-allotments, if any). The Series F MRP Shares pay cash dividends at a rate of 3.50% per annum and have a mandatory redemption date of April 15, 2020. The Company intends to use the net proceeds from the offering of approximately $108 million to redeem its Series D Mandatory Redeemable Preferred Shares, to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness, and for general corporate purposes. The offering is scheduled to close on April 3, 2013.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup and UBS Investment Bank are joint book-running managers. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:

         

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Attn: Prospectus Department

222 Broadway, 11th Floor

New York, NY 10038

Email: <a target=_blank …read more
Source: FULL ARTICLE at DailyFinance
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American Campus Communities, Inc. Announces Pricing of $400 Million 3.750 Percent Senior Unsecured N

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American Campus Communities, Inc. Announces Pricing of $400 Million 3.750 Percent Senior Unsecured Notes Due 2023

AUSTIN, Texas–(BUSINESS WIRE)– American Campus Communities, Inc. (NYS: ACC) , the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that its operating partnership, American Campus Communities Operating Partnership LP, priced a $400 million offering of senior unsecured notes under its existing shelf registration. These ten-year notes were issued at 99.659 percent of par value with a coupon of 3.750 percent and are fully and unconditionally guaranteed by the Company. Interest on the notes is payable semi-annually on April 15 and October 15, with the first payment beginning on October 15, 2013. The notes will mature on April 15, 2023. The Operating Partnership expects to use the net proceeds of approximately $394.9 million to repay the outstanding balance of its revolving credit facility, to fund its current development pipeline and potential acquisitions of student housing properties and for general business purposes. Settlement is scheduled for April 2, 2013.

BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan and Wells Fargo Securities are Joint Book-Running Managers for the offering.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York NY 10005, (800) 503-4611; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk – 3rd floor, by calling (212) 834-4533; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, by calling 800-294-1322 or by email at dg.prospectus_requests@baml.com; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, by telephone by calling (800) 326-5897 or e-mail request to cmclientsupport@wellsfargo.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any …read more
Source: FULL ARTICLE at DailyFinance

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Glimcher Realty Trust Announces Pricing of Series I Preferred Shares

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Glimcher Realty Trust Announces Pricing of Series I Preferred Shares

COLUMBUS, Ohio–(BUSINESS WIRE)– Glimcher Realty Trust (NYSE: GRT) today announced that it has priced the underwritten public offering of 3,600,000 of its 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series I Preferred Shares”) at $25.00 per share. The offering is expected to close on March 27, 2013, subject to customary closing conditions. Distributions on the Series I Preferred Shares will be paid quarterly at a rate of 6.875% per annum of the liquidation preference of $25.00 per share, which is equivalent to $1.71875 per share on an annualized basis. The underwriters for the public offering have been granted a 30-day option to purchase up to 400,000 additional Series I Preferred Shares solely to cover overallotments, if any.

The estimated net proceeds from the offering are expected to be approximately $86.7 million, after deducting the underwriting discount and estimated offering expenses, but before giving effect to any exercise of the underwriters’ option to purchase additional shares. The Company intends to use the net proceeds from the offering to redeem a portion of its outstanding 8.125% Series G Preferred Shares of Beneficial Interest, and to the extent any excess proceeds are available, for general corporate purposes, which may include repaying outstanding indebtedness under the Company’s corporate credit facilities.

The Company intends to file an application to list the Series I Preferred Shares on the New York Stock Exchange under the symbol “GRTPRI.” If the application is approved, trading of the Series I Preferred Shares on the New York Stock Exchange is expected to begin within 30 days after the initial issuance of the Series I Preferred Shares.

Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as joint book-running managers. Jefferies LLC, Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

An effective registration statement is on file with the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and related prospectus. Copies of the prospectus supplement and related prospectus for this offering may be obtained by contacting Wells Fargo Securities, LLC, …read more
Source: FULL ARTICLE at DailyFinance

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Weingarten Realty Investors Announces Pricing of $300 Million Public Offering of Senior Unsecured No

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Weingarten Realty Investors Announces Pricing of $300 Million Public Offering of Senior Unsecured Notes

HOUSTON–(BUSINESS WIRE)– Weingarten Realty Investors (NYS: WRI) announced today the pricing of $300 million of 3.50% Notes due 2023 in an underwritten public offering. The notes were offered at 99.528% of the principal amount with a yield to maturity of 3.556%. The offering is scheduled to close on March 22, 2013, subject to customary closing conditions.

Weingarten intends to use the net proceeds of the offering to repay amounts outstanding under its unsecured revolving credit facility and general business purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as joint book-running managers. Regions Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., The Williams Capital Group, L.P. and SMBC Nikko Capital Markets Limited served as co-managers for the offering.

Copies of the prospectus and related prospectus supplement, when available, may be obtained from: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, attention: Prospectus Department, telephone: (800) 294-1322, email: dg.prospectus_requests@baml.com, U.S. Bancorp Investments, Inc. at (877) 558-2607 or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attn: Capital Markets Client Support, toll-free: (800) 326-5897 or emailing: cmclientsupport@wellsfargo.com.

An effective registration statement is on file with the Securities and Exchange Commission (“SEC“), and a copy of the prospectus supplement, together with the prospectus, also will be available on the SEC‘s website at www.sec.gov. This news release does not constitute an offer to sell or a solicitation of any offer to buy such 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 laws of any such state or other jurisdiction.

About Weingarten Realty Investors

Weingarten Realty Investors (NYS: WRI) is a commercial real estate owner, manager and developer. At December 31, 2012, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 292 developed income-producing properties and two properties under various stages of construction and development. The total number of properties includes 288 neighborhood and community shopping centers and six other operating properties …read more
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Boston Properties Announces Pricing of 5.25% Series B Cumulative Redeemable Preferred Stock

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Boston Properties Announces Pricing of 5.25% Series B Cumulative Redeemable Preferred Stock

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYS: BXP) , a real estate investment trust, announced today that it has priced an underwritten public offering of 8,000,000 depositary shares, each representing a 1/100th of a share of its newly designated 5.25% Series B Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. The Company has granted the underwriters an option to purchase up to an additional 1,200,000 depositary shares within 30 days solely to cover over-allotments, if any. The offering is expected to close on or about March 27, 2013, subject to customary closing conditions.

The estimated net proceeds from this offering are expected to be approximately $193.7 million (or approximately $222.8 million if the underwriters exercise their over-allotment option in full) after deducting the underwriting discount and estimated transaction expenses of approximately $6.3 million. The Company intends to use the net proceeds for general business purposes, which may include investment opportunities and debt reduction.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC served as co-managers for the offering.

This press release 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 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.

An effective registration statement is on file with the Securities and Exchange Commission (“SEC“). The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, by calling 800-294-1322 or by email at dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling 866-718-1649 or by email at prospectus@morganstanley.com; and Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, telephone: 1-800-326-5897 or email: cmclientsupport@wellsfargo.com. Alternatively, copies of the prospectus and related prospectus supplement will be available on the SEC‘s website …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Rimage Elects Justin A. Orlando of Dolphin Limited Partnerships to its Board of Directors

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Rimage Elects Justin A. Orlando of Dolphin Limited Partnerships to its Board of Directors

MINNEAPOLIS–(BUSINESS WIRE)– Rimage Corporation (NAS: RIMG) today announced that it has elected Justin A. Orlando to its Board of Directors, effective immediately. Mr. Orlando is a managing director of Dolphin Limited Partnership III, L.P. (“Dolphin”), a Stamford, CT based private investment concern established in 1996, where he has worked since 2002. Mr. Orlando’s election brings the total number of directors on the Rimage board to eight.

Prior to joining Dolphin, Mr. Orlando was a member of the healthcare investment banking group of Merrill Lynch, Pierce, Fenner & Smith Incorporated where he was involved in advisory work, financings, and control transactions from 1999 to 2002. From 1996 to 1999, Mr. Orlando practiced corporate law with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP, focusing on mergers and acquisitions and corporate finance transactions.

Sherman L. Black, president and CEO, said, “We are pleased to welcome Justin Orlando to the Rimage Board. Justin brings a deep level of investing experience and provides our board with the perspective of a large shareholder through his affiliation with Dolphin.”

Mr. Orlando’s election to the Board of Directors was made pursuant to an agreement between Rimage and Dolphin. Dolphin holds approximately 6.5% of Rimage’s outstanding shares. The agreement between Rimage and Dolphin will be included as an exhibit to the Company’s Current Report on Form 8-K that will be filed with the Securities and Exchange Commission (“SEC“). Mr. Orlando will also be a nominee for election to the Board of Directors at the Company’s 2013 Annual Meeting of Shareholders. Further details regarding the Company’s 2013 Annual Meeting of Shareholders will be included in the Company’s definitive proxy materials, which will be filed with the SEC.

A spokesperson for Dolphin indicated, “Dolphin is pleased to have a meaningful investment in Rimage and to be given the opportunity to work with the Rimage Board to generate value for shareholders.”

About Rimage Corporation

Founded in 1978, Rimage Corporation (NAS: RIMG) helps businesses deliver digital content directly and securely to their employees, customers, and partners. Rimage’s Qumu business is the global leader in the rapidly growing enterprise video communications market and an innovator in the secure mobile delivery of rich content. Rimage’s Disc Publishing business is the global leader in CD, DVD and Blu-ray-Disc™ archiving and distribution solutions. …read more
Source: FULL ARTICLE at DailyFinance

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LaSalle Hotel Properties Announces the Sale of 400,000 Additional Series I Preferred Shares Pursuant

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LaSalle Hotel Properties Announces the Sale of 400,000 Additional Series I Preferred Shares Pursuant to the Underwriters’ Option

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today announced that the underwriters of its recent public offering of 6.375% Series I Cumulative Redeemable Preferred Shares have exercised their option to purchase an additional 400,000 Series I Preferred Shares, bringing the total number of shares issued in this offering to 4,400,000 Series I Preferred Shares.

Wells Fargo Securities, BofA Merrill Lynch and Citigroup acted as joint book-running managers for the offering, RBC Capital Markets acted as lead manager, Barclays, BMO Capital Markets, Deutsche Bank Securities and Raymond James acted as senior co-managers, and Baird, MLV & Co and US Bancorp acted as co-managers.

The Company intends to use the net proceeds from this offering for one or more of the following purposes: to redeem a portion of its outstanding Series G Preferred Shares, to reduce amounts outstanding under its senior unsecured credit facility, and for acquisitions, working capital and other general corporate purposes.

A registration statement relating to the securities became effective upon filing with the Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus forming part of the registration statement. Copies of the final prospectus supplement and prospectus relating to these securities may be obtained by contacting (a) Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Support, email: cmclientsupport@wellsfargo.com, or by calling toll-free at 1-800-326-5897; (b) Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 7th Floor, New York, New York 10038, Attn: Prospectus Department; email: dg.prospectus_requests@baml.com; (c) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-800-831-9146; or (d) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale full-service hotels, totaling over 10,600 guest rooms in 13 markets in nine states and the District of Columbia. The …read more
Source: FULL ARTICLE at DailyFinance

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PS Business Parks, Inc. Announces Pricing of 5.70% Cumulative Preferred Stock, Series V

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PS Business Parks, Inc. Announces Pricing of 5.70% Cumulative Preferred Stock, Series V

GLENDALE, Calif.–(BUSINESS WIRE)– PS Business Parks, Inc. (NYS: PSB) announced today that it has priced a public offering of 4.0 million depositary shares, each representing 1/1,000 of a share of the Company’s 5.70% Cumulative Preferred Stock, Series V at $25.00 per share. The Company also granted the underwriters an over-allotment option to purchase an additional 600,000 depositary shares. The offering is expected to result in $100.0 million of gross proceeds (assuming no exercise of the underwriters’ over-allotment option) and is expected to close on or about March 14, 2013.

The Company intends to apply to have the depositary shares listed on the New York Stock Exchange under the symbol “PSBPrV.” If this application is approved, trading of the depositary shares is expected to begin within 30 days following the initial delivery of the depositary shares.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The offering will be made only by means of a prospectus and prospectus supplement, copies of which may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Fl., New York, NY 10038, Attention: Prospectus Department, telephone: 1-800-294-1322 or email: dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, telephone: 1-866-718-1649 or email: prospectus@morganstanley.com; and Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, telephone: 1-800-326-5897 or email: cmclientsupport@wellsfargo.com.


Company Information

PS Business Parks, Inc., a member of the S&P SmallCap 600, is a self-advised and self-managed real estate investment trust (“REIT“) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines “flex” space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse …read more
Source: FULL ARTICLE at DailyFinance