CommonWealth REIT Prices $250 Million 5 7/8%
Senior Notes Due 2020
September 14, 2010 05:35 PM Eastern Daylight Time
NEWTON, Mass.--(EON: Enhanced Online News)--CommonWealth REIT (NYSE: CWH) today announced that
it has priced an underwritten public offering of $250 million of 5 7/8% unsecured senior notes due September 15,
2020. The settlement of this offering is expected to occur on September 17, 2010. CommonWealth intends to use
the net proceeds of this offering initially to reduce amounts outstanding under its revolving credit facility. Following
such reduction, CommonWealth expects to use borrowings available under its revolving credit facility to redeem the
remaining seven million shares outstanding of its 8 ¾% Series B cumulative redeemable preferred shares.
The joint book-running managers for this offering were Banc of America Securities LLC, Citigroup Global Markets
Inc., and UBS Securities LLC. The joint lead managers for this offering were, Jefferies & Company, Inc., Morgan
Keegan & Company, Inc., Morgan Stanley & Co, Incorporated, RBC Capital Markets Corporation and Wells
Fargo Securities, LLC. The co-managing underwriters for this offering were BB&T Capital Markets, a division of
Scott & Stringfellow, LLC, BBVA Securities Inc., BNY Mellon Capital Markets, LLC, Comerica Securities, Inc.,
Daiwa Capital Markets America Inc., Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets LLC, RBS
Securities Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC and
U.S. Bancorp Investments, Inc.
This communication shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus supplement
and the accompanying prospectus may be obtained by calling Banc of America Securities LLC to