QTS Realty Prices New Preferred Issue

As announced earlier this week data center REIT QTS Realty (NYSE:QTS) was selling a new preferred issue.

The issue has priced at 7.125%.  This issue is 4 million shares with an additional 600,000 available for overallotment and has the normal terms being cumulative, redeemable in 5 years and non qualified in respect to dividends.

The pricing term sheet can be found here.

The issue will begin trading on the OTC Grey market immediately under the tempororay ticker QTTRP.


Leave a Reply

Your email address will not be published.