SAN FRANCISCO, Jan 09, 2012 (BUSINESS WIRE) –
Terreno Realty Corporation
/quotes/zigman/580648/quotes/nls/trno TRNO
-0.13%
announced today that it plans to
sell 4,000,000 shares of its common stock in an underwritten public
offering pursuant to its effective shelf registration statement
previously filed with the Securities and Exchange Commission. The
underwriters will be granted a 30-day option to purchase up to an
additional 600,000 shares of common stock. The Company intends to use
the net proceeds from the offering for the repayment of debt, potential
acquisitions and for general business purposes.
Goldman, Sachs Co. is serving as book-running manager for the
offering. A copy of the prospectus supplement and prospectus relating to
these securities may be obtained, when available, by contacting Goldman,
Sachs Co., Attn: Prospectus Department, 200 West Street, New York, NY
10282, telephone: 1.866.471.2526, facsimile: 1.212.902.9316, email prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
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 such state. Any offer or sale will be made only by means of
the written prospectus forming part of the effective registration
statement.
About the Company
Terreno Realty Corporation is an acquirer, owner and operator of
industrial real estate located 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./Baltimore.
Forward-Looking Statements
This 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’s beliefs and on
assumptions made by, and information currently available to, management.
When used, the words “anticipate”, “believe”, “estimate”, “expect”,
“intend”, “may”, “might”, “plan”, “project”, “result”, “should”, “will”,
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 those risk factors contained in our Annual Report on
Form 10-K for the year ended December 31, 2010 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.
SOURCE: Terreno Realty Corporation
Terreno Realty Corporation
W. Blake Baird or Michael A. Coke, 415-655-4580
Copyright Business Wire 2012
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Article source: http://www.marketwatch.com/story/terreno-realty-corporation-announces-public-follow-on-offering-of-4000000-shares-of-common-stock-2012-01-09