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Liberty Property Trust Prices $450 Million Of 4.40% Senior Notes Due 2024

Stocks in this article: LRY

MALVERN, Pa., Sept. 24, 2013 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced a $450 million offering of 4.40% senior unsecured notes under its existing shelf registration statement. The notes are due February 15, 2024. The offering is expected to close on September 27, 2013, subject to customary closing conditions. The proceeds will be used to fund a portion of the cash consideration payable in the Company's pending acquisition of the outstanding general and limited partnership interests of the Cabot Industrial Value Fund III Operating Partnership, L.P.

Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as joint book-running managers and Barclays Capital Inc., BB&T Capital Markets, Capital One Securities, Inc., Mitsubishi UFJ Securities ( USA), Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, RBS Securities Inc., SunTrust Robinson Humphrey, Inc., The Huntington Investment Company, UBS Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC 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, New York, NY 10038, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: High Grade Syndicate Desk, 3rd floor, telephone collect at (212) 834-4533; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone (800) 831-9146, email: batprospectusdept@citigroup.com or Goldman, Sachs & Co,. Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email: prospectus-ny@ny.email.gs.com.

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.

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