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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): September 8, 2000
AMB PROPERTY, L.P.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 001-14245 94-3285362
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification Number)
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505 Montgomery Street, San Francisco, California 94111
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(Address of principal executive offices) (Zip Code)
415-394-9000
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(Registrants' telephone number, including area code)
n/a
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(Former name or former address, if changed since last report)
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ITEM 5 OTHER EVENTS.
On September 8, 2000, we priced $25 million aggregate principal amount
of our senior unsecured notes under the medium-term note program that we
commenced on August 15, 2000. These notes were issued in addition to and were
combined with the $30 million aggregate principal amount of senior unsecured
notes that we issued on August 18, 2000. The additional $25 million aggregate
principal amount of notes were sold to Morgan Stanley Dean Witter, as principal,
with a settlement date of September 13, 2000 and have the same maturity date,
interest rate and other terms as the initial $30 million aggregate principal
amount of notes. AMB Property Corporation, our general partner, has guaranteed
the full $55 million aggregate principal amount of senior unsecured notes.
After deducting Morgan Stanley's .600% commission and including
$137,586.81 of accrued interest from August 18, 2000, the date of issuance of
the initial $30 million of notes, to September 13, 2000, the date of delivery of
the $25 million aggregate principal amount of notes, we received net proceeds of
$24,987,586.81. We intend to use these net proceeds for general corporate
purposes, which may include the partial repayment of indebtedness, including
amounts outstanding under our unsecured credit facility, and the acquisition or
development of additional properties.
FORWARD LOOKING STATEMENTS
Some of the information included in this report contains forward-looking
statements, such as statements pertaining to the use of proceeds from the sale
of the notes. Forward-looking statements involve numerous risks and
uncertainties and you should not rely on them as predictions of future events.
The events or circumstances reflected in forward-looking statements might not
occur. You can identify forward-looking statements by the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or "anticipates"
or the negative of these words and phrases or similar words or phrases. You can
also identify forward-looking statements by discussions of strategy, plans or
intentions. Forward-looking statements are necessarily dependent on assumptions,
data or methods that may be incorrect or imprecise and we may not be able to
realize them. We caution you not to place undue reliance on forward-looking
statements, which reflect our analysis only and speak only as of the date of
this report or the dates indicated in the statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AMB Property, L.P.
(Registrant)
By: AMB Property Corporation,
its General Partner
Date: September 15, 2000 By: /s/ Tamra Browne
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Tamra Browne
Vice President and
General Counsel
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