Baird served as a co-manager on this offering.
AboutQTS Realty Trust, Inc. (the “Company”) (NYSE: QTS) recently completed a follow-on offering of 8,050,000 shares of common stock at a price of $37.00 per share, generating gross proceeds of approximately $298 million. The Company intends to use the net proceeds from the offering to fund the cash consideration payable by the Company in the acquisition of Carpathia Hosting, Inc. and for general corporate purposes, including to repay amounts outstanding under its unsecured revolving credit facility. QTS Realty Trust, Inc. will not receive any proceeds associated with the shares sold by the selling stockholders.
QTS Realty Trust, Inc. is a leading national provider of data center solutions and fully managed services and a leader in security and compliance. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving hybrid infrastructure demands of web and IT applications. With 12 data centers in eight states, QTS Realty Trust, Inc. owns, operates and manages approximately 4.7 million square feet of secure, state-of-the-art data center infrastructure and supports more than 900 customers. QTS’ Critical Facility Management (CFM) can provide increased efficiency and greater performance for third-party data center owners and operators. QTS Realty Trust, Inc. is headquartered in Overland Park, Kansas.
For additional information about this transaction, please contact:
- June 2015
- QTS Realty Trust, Inc.
- Real Estate
- Target Location
- North America