Mack-Cali Announces Public Offering of Senior Notes
05 August 2009 - 3:19PM
PR Newswire (US)
EDISON, N.J., Aug. 5 /PRNewswire-FirstCall/ -- Mack-Cali Realty
Corporation (the "Company") (NYSE:CLI) today announced that its
operating partnership, Mack-Cali Realty, L.P. (the "Operating
Partnership"), intends to commence a public offering of senior
unsecured notes due 2019, subject to market and other customary
conditions. The notes are being offered under the Company's and
Operating Partnership's joint shelf registration statement. Banc of
America Securities LLC, Citigroup Global Markets Inc., and J.P.
Morgan Securities Inc. will act as joint book-running managers for
the offering. The proceeds from the issuance of these notes will be
used for general corporate purposes, which may include the
purchasing or retiring of some of the Operating Partnership's
outstanding debt securities. Upon issuance, the notes will be
senior unsecured obligations of the Operating Partnership and will
rank equally in right of payment with other existing and future
senior unsecured indebtedness of the Operating Partnership. The
offering is being made only by means of a prospectus and related
preliminary prospectus supplement, a copy of which may be obtained
from BofA Merrill Lynch, 100 West 33rd Street, New York, New York
10001, Attention: Prospectus Department, telephone: (800) 294-1322;
Citigroup Global Markets Inc., toll-free at (877) 858-5407; or J.P.
Morgan Securities Inc., 270 Park Avenue New York, NY 10017,
telephone: (212) 834-4533. An effective registration statement and
related prospectus is on file with the Securities and Exchange
Commission (SEC), and a copy of the preliminary prospectus
supplement, together with the prospectus, also will be available on
the SEC's website at http://www.sec.gov/. This news release does
not constitute an offer to sell or a solicitation of any offer to
buy such 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 Mack-Cali: Mack-Cali Realty Corporation is a
fully-integrated, self-administered, self-managed real estate
investment trust (REIT) providing management, leasing, development,
construction and other tenant-related services for its class A real
estate portfolio. Additional Information: Statements made in this
press release may be forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements can be identified by the use of words
such as "may," "will," "plan," "should," "expect," "anticipate,"
"estimate," "continue," or comparable terminology. Such
forward-looking statements are inherently subject to certain risks,
trends and uncertainties, many of which the Company cannot predict
with accuracy and some of which the Company might not even
anticipate, and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking
statements and are advised to consider the factors listed above
together with the additional factors under the heading "Disclosure
Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Reports on Form 10-K, as may be supplemented or
amended by the Company's Quarterly Reports on Form 10-Q. The
Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events, new information or otherwise. Contacts: Barry Lefkowitz
Ilene Jablonski Executive Vice President Senior Director, Marketing
and and Chief Financial Officer Public Relations (732) 590-1000
(732) 590-1000 DATASOURCE: Mack-Cali Realty Corporation CONTACT:
Barry Lefkowitz, Executive Vice President, and Chief Financial
Officer, +1-732-590-1000, or Ilene Jablonski, Senior Director,
Marketing and Public Relations, +1-732-590-1000 Web Site:
http://www.mack-cali.com/
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