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Dec. 5, 2012 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced a
$300 million offering of 3.375% senior unsecured notes under its existing shelf registration. The notes are due
June 15, 2023 and were priced to yield 3.386%. The offering is expected to close on
December 10, 2012, subject to customary closing conditions. The proceeds will be used to repay indebtedness outstanding under the Company's unsecured credit facility and for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P Morgan Securities LLC, and Wells Fargo Securities, LLC served as joint book-running managers and Barclays Capital Inc., BB&T Capital Markets, Capital One Southcoast Inc, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (
USA), Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, RBS Securities Inc., SunTrust Robinson Humphrey, Inc., The Huntingdon Investment Company, UBS Securities LLC, and US Bancorp Investments, Inc. served as co-managers.
The offering may be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 7th Floor,
New York, NY 10038, Attn: Prospectus Department, email:
email@example.com; J.P. Morgan Securities LLC, 383 Madison Avenue,
New York, New York 10179, Attention: High Grade Syndicate Desk, 3rd floor, telephone collect at (212) 834-4533; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675,
Charlotte, NC 28262, Attn: Capital Markets Client Support, telephone: (800) 326-5897, email:
This press release is for informational purposes only and 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 or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities, blue sky or other laws of any such state or other jurisdiction.