CCRE Announces Closing of $250 Million Of Senior Notes Due 2018
NEW YORK, Feb. 13, 2013 /PRNewswire/ -- Cantor Commercial Real Estate Company L.P. ("CCRE"), today announced the closing of an offering of $250 million in aggregate principal amount of 7.75% senior notes due 2018 by CCRE and CCRE Finance Corporation, a wholly-owned subsidiary of CCRE. CCRE intends to use the net proceeds of this offering to originate new commercial real estate loans and for general corporate purposes.
The notes were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes.
CCRE, an affiliate of Cantor Fitzgerald, L.P., is a fully-integrated commercial real estate finance company providing innovative financing solutions to the real estate capital markets. CCRE originates competitively underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major U.S. markets. CCRE is capitalized by strong institutional sponsorship including affiliates of CIM Group and Cantor Fitzgerald, L.P., and is led by an experienced team of real estate professionals with extensive track records originating, structuring, managing and distributing commercial real estate loans in various economic cycles. For more information, visit www.cantorcre.com.
Forward Looking Statements
This press release may contain forward looking statements. In particular, statements pertaining to our performance and results of operations contain forward looking statements. Likewise, all of our statements regarding anticipated growth in results of operations are forward looking statements. You can identify forward looking statements by the use of forward looking terminology such as "believes," "expects," "may," "will," "could," "should," "seeks," "approximately," "intends," "plans," "projects," "estimates" or "anticipates" 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 present or historical matters. You can also identify forward looking statements by discussions of strategy, projections, plans or intentions.
Forward looking statements involve numerous risks and uncertainties and you should not place undue reliance on them as predictions of future events. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information available to us on the date of this release. These beliefs, assumptions and expectations can change as a result of many possible events or factors, many of which may be beyond our control and not all of which are currently known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements.
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