{"id":529334,"date":"2021-08-18T09:18:11","date_gmt":"2021-08-18T13:18:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-private-placement-of-125-million-2-38-nine-year-senior-unsecured-notes\/"},"modified":"2021-08-18T09:18:11","modified_gmt":"2021-08-18T13:18:11","slug":"terreno-realty-corporation-announces-private-placement-of-125-million-2-38-nine-year-senior-unsecured-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-private-placement-of-125-million-2-38-nine-year-senior-unsecured-notes\/","title":{"rendered":"Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes<\/b><\/p>\n<p>BELLEVUE, Wash.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTerreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the private placement of $125 million 2.38% nine-year senior unsecured notes.\n<\/p>\n<p>\nThe nine-year $125 million senior unsecured notes will bear interest at a fixed rate of 2.38% and the Company expects to close on or around October 28, 2021. Terreno Realty Corporation intends to use the net proceeds from the offering to fund future acquisitions and for other corporate purposes.\n<\/p>\n<p>\nKeyBanc Capital Markets and U.S. Bancorp Investments, Inc. acted as joint-lead placement agents for the offering. The notes have not been registered under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and were offered and sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act.\n<\/p>\n<p>\nTerreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey\/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.\n<\/p>\n<p>\nAdditional information about Terreno Realty Corporation is available on the company\u2019s web site at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.terreno.com&amp;esheet=52478350&amp;newsitemid=20210818005075&amp;lan=en-US&amp;anchor=www.terreno.com&amp;index=1&amp;md5=387fe4de3d26b1bb25b46c8236a83b44\">www.terreno.com<\/a>.\n<\/p>\n<p>\nForward-Looking Statements\n<\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management\u2019s beliefs and on assumptions made by, and information currently available to, management. When used, the words \u201canticipate\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cmight\u201d, \u201cplan\u201d, \u201cproject\u201d, \u201cresult\u201d, \u201cshould\u201d, \u201cwill\u201d, \u201cseek\u201d, \u201ctarget\u201d, \u201csee\u201d, \u201clikely\u201d, \u201cposition\u201d, \u201copportunity\u201d, \u201coutlook\u201d and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2020 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210818005075r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210818005075\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210818005075\/en\/<\/a><\/span><\/p>\n<p>\nJaime Cannon<br \/>\n<br \/>415-655-4580\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210818005075\/en\/841388\/3\/Terreno_Logo_V_2C_PMS_F_whitefilled.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes BELLEVUE, Wash.&#8211;(BUSINESS WIRE)&#8211; Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the private placement of $125 million 2.38% nine-year senior unsecured notes. The nine-year $125 million senior unsecured notes will bear interest at a fixed rate of 2.38% and the Company expects to close on or around October 28, 2021. Terreno Realty Corporation intends to use the net proceeds from the offering to fund future acquisitions and for other corporate purposes. KeyBanc Capital Markets and U.S. Bancorp Investments, Inc. acted as joint-lead placement agents for the offering. The notes have not been &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-private-placement-of-125-million-2-38-nine-year-senior-unsecured-notes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-529334","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-announces-private-placement-of-125-million-2-38-nine-year-senior-unsecured-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corporation Announces Private Placement of $125 Million 2.38% Nine-Year Senior Unsecured Notes BELLEVUE, Wash.&#8211;(BUSINESS WIRE)&#8211; Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the private placement of $125 million 2.38% nine-year senior unsecured notes. The nine-year $125 million senior unsecured notes will bear interest at a fixed rate of 2.38% and the Company expects to close on or around October 28, 2021. Terreno Realty Corporation intends to use the net proceeds from the offering to fund future acquisitions and for other corporate purposes. KeyBanc Capital Markets and U.S. Bancorp Investments, Inc. acted as joint-lead placement agents for the offering. 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The nine-year $125 million senior unsecured notes will bear interest at a fixed rate of 2.38% and the Company expects to close on or around October 28, 2021. Terreno Realty Corporation intends to use the net proceeds from the offering to fund future acquisitions and for other corporate purposes. KeyBanc Capital Markets and U.S. Bancorp Investments, Inc. acted as joint-lead placement agents for the offering. 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