Corporate Office Properties Trust Announces
Offering of $200 Million of Exchangeable Senior
March 30, 2010 04:04 PM Eastern Daylight Time
COLUMBIA, Md.--(EON: Enhanced Online News)--Corporate Office Properties Trust (COPT) (NYSE: OFC)
announced today that its operating partnership, Corporate Office Properties, L.P. (COPLP), has commenced an
offering of $200 million aggregate principal amount of exchangeable senior notes due 2030. COPLP intends to grant
the initial purchasers a 30-day option to purchase up to an additional $40 million aggregate principal amount of such
notes to cover over-allotments, if any.
The notes will be senior unsecured obligations of the operating partnership, COPLP, and will be fully guaranteed on
a senior unsecured basis by COPT. The Company expects to use the net proceeds from the sale of the notes for
general corporate purposes that may include repaying borrowings under its unsecured revolving credit facility.
The notes will be sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of
1933, as amended. The notes and the Company’s common shares issuable upon conversion of the notes have not
been registered under the Securities Act of 1933, as amended or any state securities laws, and unless so registered,
may not be offered or sold in the United States except pursuant to an exemption from the registration requirements
of the Securities Act of 1933, as amended and applicable state laws. 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.
This press release may contain “forward -looking” statements, as defined in Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company’s current
expectations, estimates and projections about f