By Devika Patel
Knoxville, Tenn., Aug. 23 – Terreno Realty LLC priced a private placement of $125 million of 2.38% nine-year senior guaranteed notes on Aug. 17, according to an 8-K filed with the Securities and Exchange Commission.
The notes will be guaranteed by parent Terreno Realty Corp.
Proceeds will be used for general corporate purposes and debt repayment.
Based in San Francisco, Terreno acquires, owns and operates industrial real estate.
| Issuer: | Terreno Realty LLC
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| Guarantor: | Terreno Realty Corp.
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| Issue: | Senior notes
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| Amount: | $125 million
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| Maturity: | Aug. 17, 2030
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| Coupon: | 2.38%
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| Call: | Make-whole call
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| Change-of-control call: | At par
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| Trade date: | Aug. 17
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| Settlement date: | Oct. 28
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| Distribution: | Private placement
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