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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): December 14, 2000
AMB PROPERTY, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 001-14245 94-3285362
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification Number)
Pier 1, Bay 1, 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 December 14, 2000, pursuant to a Terms Agreement dated December 14,
2000 and attached as Exhibit 1.1 to this report, we priced $150 million
aggregate principal amount of our senior unsecured notes under the medium-term
note program that we commenced on August 15, 2000. The notes, attached as
Exhibits 4.1, 4.2 and 4.3 to this report, which mature on December 15, 2005 and
bear interest at a rate of 7.20% per annum, were sold to Morgan Stanley Dean
Witter and J.P. Morgan Securities Inc., as principal, with a settlement date of
December 19, 2000. AMB Property Corporation, our general partner, has
guaranteed the $150 million aggregate principal amount of senior unsecured
notes.
After deducting Morgan Stanley Dean Witter's and J.P. Morgan Securities
Inc.'s .600% commission on the trade and a .143% discount on the price to the
public, we received net proceeds of $148,885,500. In addition, Morgan Stanley
Dean Witter and J.P. Morgan Securities Inc. agreed to reimburse us for certain
expenses totaling $150,000. 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. The forward-looking statements include statements regarding the intended
use of the proceeds from the issuance of the notes. 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.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
Exhibit
Number Description
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1.1 Terms Agreement dated as of December 14, 2000 by and
between Morgan Stanley & Co., Incorporated, J.P. Morgan
Securities Inc. and AMB Property, L.P.
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4.1 $50,000,000 7.20% Fixed Rate Note No. 5 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000.
4.2 $50,000,000 7.20% Fixed Rate Note No. 6 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000.
4.3 $50,000,000 7.20% Fixed Rate Note No. 7 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000.
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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: January 8, 2000 By: /s/ Tamra Browne
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Tamra Browne
Vice President and General Counsel
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EXHIBIT INDEX
Exhibit
Number Description
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1.1 Terms Agreement dated as of December 14, 2000 by and
between Morgan Stanley & Co., Incorporated, J.P. Morgan
Securities Inc. and AMB Property, L.P.
4.1 $50,000,000 7.20% Fixed Rate Note No. 5 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000.
4.2 $50,000,000 7.20% Fixed Rate Note No. 6 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000.
4.3 $50,000,000 7.20% Fixed Rate Note No. 7 dated December 19,
2000, attaching the Parent Guarantee dated December 19,
2000
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