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): August 30, 1994
ROCKEFELLER CENTER PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8971 13-3280472
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.
1270 Avenue of the Americas New York, N.Y. 10020
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 698-1440
Item 5. Other Events.
Rockefeller Center Properties, Inc. (the "Company") has
issued a press release announcing its intent pursuant to the Loan
Agreement dated as of September 19, 1985 among the Company, RCP
Associates and Rockefeller Center Properties (RCP Associates and
Rockefeller Center Properties together referred to as the "Borrowers"),
as amended (the "Loan Agreement"), to record the New Mortgage (as
defined in the Loan Agreement) at the expense of the Borrowers.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
The following is being filed as an exhibit to this Report:
(99.2) Press Release dated August 30, 1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed by the
undersigned thereunto duly authorized.
ROCKEFELLER CENTER PROPERTIES, INC.
(Registrant)
By:/s/RICHARD M. SCARLATA
Name: Richard M. Scarlata
Title: Senior Vice President
Finance & Administration
Dated: August 30, 1994
For Immediate Release
New York, N.Y., August 30, 1994 - Rockefeller Center Properties, Inc.
(RCPI) announced today that it intends to record the unrecorded
portion (approximately $1.25 billion) of its mortgage on most of the
land and buildings constituting Rockefeller Center.
RCPI has decided to record this portion of its mortgage to enhance
the security of its Mortgage Loan on the Property in view of the
scheduled year-end reduction in the amount of the letters of credit
provided by the Borrowers as additional collateral and the present
unwillingness of the parents of the Borrowers either to defer this
reduction or to commit to cover future cash shortfalls at the
Property.
RCPI said it has delivered a notice to the Borrowers stating that
RCPI was exercising its right to require the Borrowers to pay the
recording tax on the mortgage in the amount of approximately $35
million.
RCPI's President and Chief Executive Officer Edward P. Fontaine said,
"Recording the mortgage is appropriate at this time to safeguard the
investment of RCPI's fifty thousand shareholders. We expect that
this step should also enhance our ability to obtain future
financing."
For further information please contact:
Stephanie Leggett Young
Rockefeller Center Properties, Inc.
(212) 698-1440
