Cole Real Estate Investments, Inc. Announces Commencement of Tender Offer to Purchase up to $250 Million of its Common Stock

PHOENIX--(BUSINESS WIRE)--Cole Real Estate Investments, Inc. (NYSE: COLE), formerly known as Cole Credit Property Trust III, Inc., announced today that it has commenced a modified “Dutch auction” tender offer to purchase for cash up to $250 million in value of its shares of common stock on the terms and subject to the conditions described in its Offer to Purchase dated June 20, 2013. Under the terms of the tender offer, the company intends to select the lowest price, not greater than $13.00 nor less than $12.25 per share, net to the tendering stockholder in cash, less any applicable withholding taxes and without interest, which would enable the company to purchase the maximum number of shares having an aggregate purchase price not exceeding $250 million. Stockholders may tender all or a portion of their shares of common stock. Stockholders also may choose not to tender any of their shares of common stock. If the tender offer is oversubscribed, shares will be accepted on a prorated basis, subject to “odd lot” priority. The company intends to fund the purchase price for shares of common stock accepted for payment pursuant to the tender offer, and all related fees and expenses, from available cash and/or borrowings under the existing senior unsecured credit facility.