OVERLAND PARK, Kan., June 2, 2015 /PRNewswire/ — QTS Realty Trust, Inc. (NYSE: QTS) today announced the pricing of an underwritten public offering of 7,000,000 shares of its Class A common stock by it and a selling stockholder at a public offering price of $37.00 per share. The Company is offering 5,750,000 shares, which was upsized from the previously announced 5,000,000 shares, and GA QTS Interholdco, LLC, the selling stockholder and an affiliate of General Atlantic LLC, is offering 1,250,000 shares, which was upsized from the previously announced 500,000 shares. GA QTS Interholdco, LLC, the selling stockholder, has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1,050,000 shares of common stock at the public offering price. As a result of the increase in the offering size, the Company estimates that net proceeds to it, after deducting the underwriting discount and estimated offering expenses payable by the Company, will be approximately $203.3 million.

The Company intends to use the net proceeds of the offering of shares by the Company to fund a portion of the cash consideration payable by the Company in the acquisition of Carpathia Hosting, Inc. (the “Carpathia acquisition”), and prior to such use, to use a portion of the proceeds for general corporate purposes, including to repay amounts outstanding under its unsecured revolving credit facility. If the Carpathia acquisition is not consummated, the Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The Company will not receive any proceeds from the offering of shares by the selling stockholder. The shares are expected to be delivered on or about June 5, 2015, subject to customary closing conditions.

The offering is being made pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission and became effective on November 25, 2014. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission.

Deutsche Bank Securities Inc., Jefferies LLC and KeyBanc Capital Markets Inc. are serving as representatives of the underwriters and joint book-running managers for the offering. BofA Merrill Lynch, Evercore Group L.L.C., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Stifel, Nicolaus & Company, Incorporated are also acting as joint book-running managers for the offering. A copy of the preliminary prospectus supplement, final prospectus supplement (when available) and the accompanying prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, via telephone: 1-800-503-4611 or via email: prospectus.cpdg@db.com; Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: 1-877-547-6340 or e-mail: Prospectus_Department@Jefferies.com; and KeyBanc Capital Markets Inc., Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, telephone (800) 859-1783.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About QTS

QTS Realty Trust, Inc. (NYSE: QTS) 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 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.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In particular, statements pertaining to the Company’s capital resources, portfolio performance and results of operations contain forward-looking statements. Likewise, all of the statements regarding anticipated growth in funds from operations and anticipated market conditions are forward-looking statements. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.

The forward-looking statements contained in this press release reflect the Company’s current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed in any forward-looking statement. The Company does not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: adverse economic or real estate developments in the Company’s markets or the technology industry; national and local economic conditions; difficulties in identifying properties to acquire and completing acquisitions; the Company’s failure to successfully develop, redevelop and operate acquired properties; the Company’s failure to complete the Carpathia acquisition or successfully integrate its operations; significant increases in construction and development costs; the increasingly competitive environment in which the Company operates; defaults on or non-renewal of leases by customers; increased interest rates and operating costs, including increased energy costs; financing risks, including the Company’s failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; dependence on third parties to provide Internet, telecommunications and network connectivity to the Company’s data centers; the Company’s failure to qualify and maintain its qualification as a real estate investment trust; environmental uncertainties and risks related to natural disasters; financial market fluctuations; and changes in real estate and zoning laws and increases in real property tax rates.

While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. Any forward-looking statements speak only as of the date on which they are made. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

QTS Investor Relations Contact:
Jeff Berson
Chief Investment Officer
Ir@qtsdatacenters.com

Contact:
Marlena Reed
communications 21 for QTS
404.814.1330
mreed@c21pr.com

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SOURCE QTS Realty Trust, Inc.