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Terreno establishes up to $200M at-the-market equity offering program

Terreno Realty Corp. set up an at-the-market equity offering program with a view to selling up to $200.0 million of its common shares from time to time.

The company aims to use the net proceeds for general corporate purposes, which could include future purchases and repayment of outstanding debt, including borrowings under its credit facility.

The company signed separate equity distribution agreements with KeyBanc Capital Markets Inc., Robert W. Baird & Co. Inc., BTIG LLC, Goldman Sachs & Co. LLC, Jefferies LLC, JMP Securities LLC, MUFG Securities Americas Inc., Sandler O'Neill & Partners LP and Stifel Nicolaus & Co. Inc. as sales agents.