QTS Realty Trust, Inc. Prices Initial Public Offering

OVERLAND PARK, Kan., Oct. 9, 2013 -- QTS Realty Trust, Inc. announced the pricing of its initial public offering of 12,250,000 shares of Class A common stock, $0.01 par value per share, at a price to the public of $21.00 per share, for total gross proceeds of $257,250,000. The offering is expected to close on October 15, 2013 and the shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "QTS" on October 9, 2013. QTS has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1,837,500 shares of common stock at the initial public offering price. 

The Company will contribute the net proceeds of the offering to its operating partnership. The Company intends to use the net proceeds of the offering to repay amounts outstanding under its revolving credit facility. 

Goldman, Sachs & Co., Jefferies LLC, BofA Merrill Lynch, Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc. and Morgan Stanley are joint book-running managers for the offering and J.P. Morgan Securities LLC and Stifel, Nicolaus & Company, Incorporated are co-managers for the offering.  

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 8, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or 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 jurisdiction. 

The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526 or e-mail: prospectus-ny@ny.email.gs.com and Jeffries LLC, Attention: Prospectus Department, 520 Madison Avenue, 12 Floor, New York, NY 10022, telephone: 1-877-547-6340 or e-mail: Prospectus_Department@Jefferies.com. 

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 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," "pro forma, " "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. Forward-looking statements reflect our 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. While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. Furthermore, 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 final prospectus relating to this offering, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.