INDIANAPOLIS, IN -- (Marketwire) -- 08/06/09 -- Duke Realty Corporation (NYSE: DRE), a
leading industrial and office property REIT, announced today that its
operating partnership, Duke Realty Limited Partnership ("the Operating
Partnership"), has priced $500 million of its senior unsecured notes in an
underwritten public offering. The offering consists of $250 million of
7.375% notes due 2015 offered through Wells Fargo Securities, LLC, Morgan
Stanley & Co. Incorporated, and UBS Securities LLC, as joint book-running
managers, and $250 million of 8.25% notes due 2019 offered through Wells
Fargo Securities, LLC, Morgan Stanley & Co. Incorporated, and UBS
Securities LLC, as joint book-running managers, as well as Barclays
Capital, Inc., Mitsubishi UFJ Securities (USA), Inc., Morgan Keegan &
Company, Inc., RBC Capital Markets Corporation, RBS Securities Inc., Scotia
Capital (USA) Inc., and U.S. Bancorp Investments, Inc. acting as
co-managers. The offering is expected to close on August 11, 2009.
The Operating Partnership presently intends to use the net proceeds to
reduce its outstanding indebtedness.
Copies of the prospectus supplement may be obtained from Wells Fargo
Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North
Carolina 28262, Attention: Syndicate Operations, telephone 1-800-326-5897;
Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York
10014, Attention: Prospectus Department, telephone (866)-718-1649; or UBS
Securities, LLC, 299 Park Avenue, New York, New York 10171, Attention:
Prospectus Department, telephone 1-877-827-6444, ext. 561-3884.
This news release does not constitute an offer to sell or the solicitation
of an offer to buy any securities in any jurisdiction to any person to whom
it is unlawful to make such offer or solicitation in such jurisdiction.
About Duke Realty Corporation
Duke Realty Corporation owns and operates approximately 136 million
rentable square feet of industrial and office space in 20 U.S. cities. Duke
Realty Corporation is publicly traded on the NYSE under the symbol DRE and
is listed on the S&P MidCap 400 Index. More information about Duke is
available at www.dukerealty.com.
Cautionary Notice Regarding Forward-Looking Statements
This news release may contain forward-looking statements within the meaning
of the federal securities laws. All statements, other than statements of
historical facts, including, among others, statements regarding the
company's future financial position, projected financing sources, future
transactions with joint venture partners, future dividends, and future
performance, are forward-looking statements.
