Liberty Property Trust Prices $400 Million of 3.750% Senior Notes Due 2025

MALVERN, Pa., March 17, 2015 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced a $400 million offering of 3.750% senior unsecured notes under its existing shelf registration statement. The notes are due April 1, 2025. The offering is expected to close on March 24, 2015, subject to customary closing conditions. The net proceeds will be used for working capital and general corporate purposes, including repayment of borrowings under the Company's $800.0 million credit facility.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc., and U.S. Bancorp Investments, Inc. served as joint book-running managers and BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc., The Huntington Investment Company, Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets LLC, Regions Securities LLC, RBS Securities Inc., and TD Securities (USA) LLC served as co-managers.

The offering may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained, when available, by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free (800) 831-9146, email:; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: High Grade Syndicate Desk, 3rd floor, collect at (212) 834-4533; or Wells Fargo Securities, LLC, 608 2nd Avenue, South Minneapolis, MN 55402, Attn: WFS Customer Service, toll-free (800) 645-3751, Email:

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any 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, blue sky or other laws of any such state or other jurisdiction.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 106 million square foot portfolio includes more than 750 properties which provide office, distribution and light manufacturing facilities to 1,900 tenants.

Forward-Looking Statements

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although Liberty believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the company can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve important risks, uncertainties and other factors that could cause actual results to differ materially from the expected results and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of the company. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. These risks, uncertainties and other factors include, without limitation, uncertainties affecting real estate business generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to the integration of the operations of entities that we have acquired or may acquire, risks relating to financing arrangements and sales of securities, possible environmental liabilities, risks relating to leverage and debt service (including availability of financing terms acceptable to the company and sensitivity of the company's operations and financing arrangements to fluctuations in interest rates), dependence on the primary markets in which the company's properties are located, the existence of complex regulations relating to status as a REIT and the adverse consequences of the failure to qualify as a REIT, risks relating to litigation, including without limitation litigation involving entities that we have a acquired or may acquire, and the potential adverse impact of market interest rates on the market price for the company's securities.

CONTACT: Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704Source:Liberty Property Trust