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8-K - FORM 8-K - BioMed Realty Trust Inc | a55933e8vk.htm |
Exhibit 99.1
CONTACT: | Rick Howe Director, Corporate Communications (858) 207 5859 |
BIOMED REALTY, L.P. PRICES PRIVATE OFFERING OF
$250 MILLION OF 6.125% SENIOR UNSECURED NOTES DUE 2020
$250 MILLION OF 6.125% SENIOR UNSECURED NOTES DUE 2020
SAN DIEGO, Calif. April 22, 2010 BioMed Realty Trust, Inc. (NYSE: BMR) today announced that
its operating partnership subsidiary, BioMed Realty, L.P., priced a private placement of $250
million aggregate principal amount of 6.125% Senior Notes due 2020 (the Notes) at 98.977% of face
value. The Notes will be senior unsecured obligations of the operating partnership and will be
fully and unconditionally guaranteed by BioMed Realty Trust, Inc.
The operating partnership intends to use the net proceeds from the private offering to repay in
full the outstanding indebtedness under its secured term loan, to fund the purchase of potential
near-term property acquisitions, to repay a portion of the outstanding indebtedness under its
unsecured line of credit and for other general corporate and working capital purposes.
The Notes will be sold to qualified institutional buyers in the United States in reliance on Rule
144A under the Securities Act of 1933, as amended, and outside the United States in compliance with
Regulation S under the Securities Act. The Notes have not been registered under the Securities Act
or any state securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. This release shall not
constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor
shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
Safe Harbor Statement
This press release contains forward-looking statements, including statements related to the
private offering and the expected use of the net proceeds therefrom, which are based on current
expectations, forecasts and assumptions that involve risks and uncertainties that could cause
actual outcomes and results to differ materially. These risks and uncertainties include, without
limitation: general risks affecting the real estate industry (including, without limitation, the
inability to enter into or renew leases, dependence on tenants financial condition, and
competition from other developers, owners and operators of real estate); adverse economic or real
estate developments in the life science industry or the companys target markets; risks associated
with the availability and terms of financing, the use of debt to fund acquisitions and
developments, and the ability to refinance indebtedness as it comes due; failure to maintain the
companys investment grade credit ratings with the rating agencies; failure to manage effectively
the companys growth and expansion into new markets, or to
complete or integrate acquisitions and developments successfully; risks and uncertainties affecting property development and construction;
risks associated with downturns in the national and local economies, increases in interest rates,
and volatility in the securities markets; potential liability for uninsured losses and
environmental contamination; risks associated with the companys potential failure to qualify as a
REIT under the Internal Revenue Code of 1986, as amended, and
possible adverse changes in tax and
environmental laws; and risks associated with the companys dependence on key personnel whose
continued service is not guaranteed. For a further list and description of such risks and
uncertainties, see the reports filed by the company with the Securities and Exchange Commission,
including the companys most recent annual report on Form 10-K and quarterly reports on Form 10-Q.
The company disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
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