Terreno Realty to place $100 million 3.75% seven-year notes; Tec CTL to place $3 billion

By Devika Patel

Knoxville, Tenn., June 12 – Terreno Realty Corp. priced $100 million of 3.75% seven-year senior notes in a private placement expected to settle July 14.

Jefferies LLC and Regions Securities LLC are the placement agents.

Terreno is based in San Francisco and acquires, owns and operates industrial real estate.

Tec CTL, Inc. said it arranged a $3 billion working capital facility with Milost Global, Inc.

Palewater Advisory Group was the agent.

Milost Global will receive senior secured exchangeable notes under the facility at a 200% premium price, bearing interest at 5% and repayable quarterly.

The company and the investor signed a binding commitment letter and will be working on the closing documents.

Tec CTL is a New York-based oil and gas company.

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