Terreno Realty Corporation Announces Pricing of Initial Public Offering

Terreno Realty Corporation (the “Company”) (NYSE:TRNO – News), which intends to acquire, own and operate industrial real estate located in six major coastal U.S. markets, today announced it has priced its initial public offering of 8,750,000 shares of common stock, $0.01 par value per share, at $20 per share. The shares of common stock of the Company are scheduled to begin trading on February 10, 2010 on the New York Stock Exchange under the symbol “TRNO.” The offering is expected to close on February 16, 2010. To the extent the underwriters sell more than 8,750,000 shares, the underwriters have a 30-day option to purchase up to an additional 1,312,500 shares.

Concurrent with the closing of the offering, the Company will complete a private placement of an aggregate of 350,000 shares of common stock, at a price of $20 per share, to W. [Read the full article]

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Team Health Holdings, Inc. (“TeamHealth”) (NYSE: TMH), one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, today announced results for its fourth quarter and full fiscal year 2009.

“The fourth quarter of 2009 proved to be a landmark quarter for TeamHealth, and we are pleased to again report consistent improvement in our operating and financial performance for the fourth quarter and full year 2009,” said TeamHealth President and Chief Executive Officer Greg Roth. “We are also very pleased to have successfully completed our initial public offering in December, which provides our organization with greater financial flexibility as we pursue our multiple growth initiatives in our market  place, as evidenced by the completion of three acquisitions during the quarter,” added Roth. [Read the full article]

Williams Partners L.P. (NYSE: WPZ) announced that it has completed its offering of $3.5 billion in principal amount of senior notes.  The offering consists of the notes and pricing in the following chart.

Amount Percent of Yield to Description (in millions) Coupon Par Investors Senior notes due 2015 $750 3.80% 99.954% 3.810% Senior notes due 2020 $1,500 5.25% 99.945% 5.256% Senior notes due 2040 $1,250 6.30% 99.401% 6.343%

Williams Partners intends to use the net proceeds from the offering to fund the cash portion of the asset contribution transaction with Williams (NYSE: WMB) that was announced on Jan. 19.  Please see the news release from that day for details. [Read the full article]

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Textainer Group Holdings Limited (NYSE:TGH – News) (“Textainer”, the “Company”, “we” and “our”), the world largest lessor of intermodal containers based on fleet size, today reported results for the fourth quarter and the full year ended December 31, 2009.

Total revenue for the quarter was $67.2 million, which was an increase of $1.6 million, or 3%, compared to $65.6 million in the prior year quarter. For the year ended December 31, 2009, total revenue was $237.3 million, which was a decrease of $39.8 million, or 14%, compared to $277.1 million for the prior year. EBITDA(1) for the quarter was $41.7 million, which was an increase of $0.7 million, or 2%, compared to $40.9 million for the prior year quarter. EBITDA(1) for the year ended December 31, 2009 decreased $9.1 million, or 5%, to $168.7 million from $177.7 million for the prior year. [Read the full article]

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