UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01 | Other Events. |
On September 5, 2019, Liberty Property Trust (the “Company”) and Liberty Property Limited Partnership (the “Operating Partnership” and, together with the Company, the “Transaction Entities”) priced a public offering of 8,000,000 newly issued common shares of beneficial interest of the Company, par value $0.001 per share (“Common Shares”), at a public offering price of $50.50 per share. Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. acted as joint book-running managers and underwriters for the offering. The Company also granted the underwriters an option to purchase up to an additional 1,200,000 Common Shares during the next 30 days. The underwriters exercised the option in full on September 9, 2019. The Transaction Entities estimate that the net proceeds from this offering, after expenses, will be approximately $447,939,000, including the proceeds from the sale of Common Shares pursuant to the option that the underwriters have exercised in full. This offering is expected to close on September 10, 2019. The underwriting agreement relating to the offering is filed as Exhibit 1.1 to this Report.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY PROPERTY TRUST | ||
| By: | /s/ Christopher J. Papa | |
| Christopher J. Papa | ||
| Executive Vice President and | ||
| Chief Financial Officer | ||
| LIBERTY PROPERTY | ||
| LIMITED PARTNERSHIP | ||
| By: | Liberty Property Trust, its sole | |
| General Partner | ||
| By: | /s/ Christopher J. Papa | |
| Christopher J. Papa | ||
| Executive Vice President and | ||
| Chief Financial Officer | ||
Dated: September 9, 2019