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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 3, 1999
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CABOT INDUSTRIAL PROPERTIES, L.P.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
333-71585 04-3397874
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(Commission File Number) (I.R.S. Employer Identification No.)
Two Center Plaza, Suite 200
Boston, Massachusetts 02108
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(Address of Principal Executive Offices) (Zip Code)
(617) 723-0900
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
Cabot Industrial Properties, L.P. completed a private sale of $65
million of 8.625% Series C Cumulative Redeemable Perpetual Preferred Units at
$25 per unit on September 3, 1999.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable
(b) Pro Forma Financial Information.
Not applicable
(c) Exhibits.
Exhibit 99.1 - Press Release Announcing Issuance of 8.625% Series
C Cumulative Redeemable Perpetual Preferred Units
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CABOT INDUSTRIAL PROPERTIES, L.P.
By: CABOT INDUSTRIAL TRUST
Dated: September 10, 1999 By: /s/ Neil E. Waisnor
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Neil E. Waisnor
Senior Vice President -- Finance,
Treasurer and Secretary
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EXHIBIT 99.1
NEWS BULLETIN CABOT INDUSTRIAL TRUST
TWO CENTER PLAZA
SUITE 200
BOSTON, MA 02108
FROM:
(NYSE:CTR)
AT THE COMPANY
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Franz Colloredo-Mansfeld
Chief Financial Officer
(617) 723-0900
FOR IMMEDIATE RELEASE
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September 7, 1999
CABOT INDUSTRIAL TRUST ANNOUNCES ISSUANCE OF $65 MILLION
IN PERPETUAL PREFERRED
BOSTON, MA September 7, 1999 -- Cabot Industrial Trust (NYSE:CTR), announced
today that its operating partnership, Cabot Industrial Properties, L.P.
completed a private sale of $65 million of 8.625% Series C Cumulative Redeemable
Perpetual Preferred Units at $25 per unit. Proceeds of the offering will be used
to reduce outstanding balances under the partnership's unsecured line of credit.
The Preferred Units, which may be called by Cabot Industrial Trust at par on or
after September 3, 2004, have no stated maturity or mandatory redemption.
The Preferred Units were privately placed. Merrill Lynch & Co. and Goldman
Sachs acted as exclusive placement agents.
After this financing, Cabot's debt to total market capitalization ratio stands
at 29%.
Cabot Industrial Trust is a fully integrated real estate company, with offices
in Boston, Atlanta, Baltimore, Chicago, Cincinnati, Dallas, Los Angeles, Orlando
and Phoenix, that specializes in the ownership, acquisition, and development of
industrial properties, with 267 properties containing 32 million square feet in
22 states at June 30, 1999. The Company also manages 10 million square feet of
property for investment advisory accounts. Cabot Industrial Trust focuses on a
broad spectrum of industrial property types nationwide including large bulk
distribution facilities, multitenant distribution facilities and workspace
properties.
In addition to historical information, this press release contains forward-
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's current
expectations about the industry and the markets in which the Company operates.
Such forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties or other factors which may cause
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Actual operating results may be
affected by various factors including, without limitation, changes in national
and local economic conditions, competitive market conditions, uncertainties and
costs related to and the imposition of conditions on
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receipt of governmental approvals and costs of material and labor, all of which
may cause such actual results to differ materially from what is expressed or
forecast in this press release.
To receive Cabot Industrial Trust's latest news release and other corporate
documents please send requests via e-mail at [email protected] or visit our web-
site at www.cabottrust.com.
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