Corporate Office Properties Trust $300 Million At-the-Market Offering


Davis Polk advised the forward purchasers and forward sellers in connection with an at-the-market forward underwriting program for the offer and sale of common shares of beneficial interest of Corporate Office Properties Trust from time to time having an aggregate offering price of up to $300 million.

Barclays, Baird, BofA Merrill Lynch, BTIG, Capital One Securities, Citigroup, J.P. Morgan, KeyBanc Capital Markets and Wells Fargo Securities acted as forward purchasers on the offering.

Corporate Office Properties Trust is a real estate investment trust that owns, manages, leases, develops and acquires office and data center properties, the majority of which are in locations that support the United States Government and its contractors.

The Davis Polk equity derivatives team included partner Mark M. Mendez (Picture), counsel Barry J. Gewolb and associate Brent T. Duddie. The Davis Polk tax team included partner Lucy W. Farr and associate Aliza Slansky.

Involved fees earner: Brent Duddie – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Barry Gewolb – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell; Aliza Slansky – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Baird Capital Partners; Bank of America Merrill Lynch; Barclays Bank; BTIG, LLC; Capital One; Citigroup Inc.; JP Morgan; KeyBanc Capital Markets; Wells Fargo Securities;

Author: Ambrogio Visconti