SECURITY CAPITAL GROUP INC/
8-K, 2001-01-08
REAL ESTATE
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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) December 20, 2000
                                                        ------------------------


                       SECURITY CAPITAL GROUP INCORPORATED
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             (Exact Name of Registrant as Specified in its Charter)



                                    Maryland
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                 (State or Other Jurisdiction of Incorporation)




             1-13355                                  36-3692698
-------------------------------           --------------------------------------
     (Commission File Number)              (I.R.S. Employer Identification No.)




     125 Lincoln Avenue, Santa Fe, New Mexico              87501
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     (Address of Principal Executive Offices)            (Zip Code)




                                 (505) 982-9292
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              (Registrant's Telephone Number, Including Area Code)





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<PAGE>
Item 5. Other Events

        On December 20, 2000,  Security Capital Group  Incorporated  ("Security
Capital")  commenced a program for the offer of its Medium-Term Notes, Series B,
due  nine  months  or more  from  date of issue  ("Series  B MTN  Notes")  in an
aggregate  initial offering price of up to $200,000,000.  The Series B MTN Notes
are part of the aggregate of  $1,000,000,000  in common stock,  preferred stock,
debt  securities,  warrants  to  purchase  common  stock,  warrants  to purchase
preferred stock and warrants to purchase debt securities  registered by Security
Capital  pursuant to a  Registration  Statement  on Form S-3 (the  "Registration
Statement") filed with the Securities and Exchange Commission (the "Commission")
(Registration  No.  333-64979) for offer pursuant to Rule 415 promulgated  under
the  Securities  Act of 1933,  as amended (the "Act").  A Prospectus  Supplement
dated  December 20, 2000  relating to the Series B MTN Notes has been filed with
the  Commission  pursuant to Rule 424(b) under the Act. The issuance and sale of
the  Series B MTN Notes may be made from time to time in  various  amounts  with
varying  terms  pursuant to an  Indenture,  dated as of  November  16, 1998 (the
"Indenture"),  between Security Capital and State Street Bank and Trust Company,
as  Trustee,  and the  resolution  of the  pricing  committee  of the  Board  of
Directors of Security Capital,  dated December 1, 2000 (the "Board Resolution"),
pursuant  to Section  301 of the  Indenture.  The Board  Resolution  is attached
hereto as Exhibit 4.1 and incorporated by reference herein.

        The Series B MTN Notes will be  distributed  pursuant to a Distribution
Agreement, dated as of December 20, 2000 (the "Distribution  Agreement"),  among
Security Capital,  J.P. Morgan Securities Inc., Banc of America  Securities LLC,
Chase  Securities Inc.,  Deutsche Bank Securities Inc., First Union  Securities,
Inc. and Goldman,  Sachs & Co.. The Distribution Agreement is attached hereto as
Exhibit 1 and incorporated by reference herein.  The Series B MTN Notes may bear
fixed or floating  rates of  interest  and will be issued  substantially  in the
forms  attached  hereto as Exhibits 4.2 and 4.3,  respectively,  which forms are
incorporated by reference herein.


Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c)  Exhibits.

Exhibit
  No.   Document Description

1       Distribution   Agreement,  dated   December  20,  2000,  among  Security
        Capital,  J.P. Morgan  Securities  Inc., Banc of America Securities LLC,
        Chase  Securities  Inc.,  Deutsche  Bank  Securities  Inc.,  First Union
        Securities, Inc. and Goldman, Sachs & Co.

4.1     Resolution  of  the  pricing  committee  of the  Board of  Directors  of
        Security  Capital  dated December 1, 2000 pursuant to Section 301 of the
        Indenture,  dated   November 16, 1998,  from  Security  Capital to State
        Street Bank and Trust Company, as Trustee.

4.2     Form of Medium-Term  Note, Series B (Fixed Rate Note) due nine months or
        more from date of issue.

4.3     Form of Medium-Term  Note, Series B (Floating Rate Note) due nine months
        or more from date of issue.

23.1    Consent of KPMG.

23.2    Consent of PricewaterhouseCoopers S.a.r.l.

23.3    Consent of PricewaterhouseCoopers S.a.r.l.

23.4    Consent of PricewaterhouseCoopers LLP.

23.5    Consent of PricewaterhouseCoopers LLP.

23.6    Consent of PricewaterhouseCoopers LLP.

23.7    Consent of KPMG LLP.

23.8    Consent of KPMG LLP.

23.9    Consent of PricewaterhouseCoopers LLP.

1050966.2  10201 922C  91920694
<PAGE>
                                   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.


                                             SECURITY CAPITAL GROUP INCORPORATED



Dated: January 8, 2001                       By:      /s/ Jeffrey A. Klopf
                                             -----------------------------------
                                                      Jeffrey A. Klopf
                                                      Senior Vice President

1050966.2  10201 922C  91920694
<PAGE>
                                INDEX TO EXHIBITS



Exhibit
  No.   Document Description
--------------------------------------------------------------------------------

1       Distribution   Agreement,  dated   December  20, 2000,   among  Security
        Capital,  J.P.  Morgan  Securities  Inc.,  Banc   of  America Securities
        LLC, Chase  Securities Inc., Deutsche Bank Securities Inc., First  Union
        Securities, Inc. and Goldman, Sachs & Co.

4.1     Resolution  of  the  pricing  committee  of the  Board of  Directors  of
        Security  Capital dated  December 1, 2000 pursuant to Section 301 of the
        Indenture,  dated   November 16, 1998,  from  Security  Capital to State
        Street Bank and Trust Company, as Trustee.

4.2     Form  of Medium-Term Note, Series B (Fixed Rate Note) due nine months or
        more from date of issue.

4.3     Form  of Medium-Term Note, Series B (Floating Rate Note) due nine months
        or more from date of issue.

23.1    Consent of KPMG.

23.2    Consent of PricewaterhouseCoopers S.a.r.l.

23.3    Consent of PricewaterhouseCoopers S.a.r.l.

23.4    Consent of PricewaterhouseCoopers LLP.

23.5    Consent of PricewaterhouseCoopers LLP.

23.6    Consent of PricewaterhouseCoopers LLP.

23.7    Consent of KPMG LLP.

23.8    Consent of KPMG LLP.

23.9    Consent of PricewaterhouseCoopers LLP.

1050966.2  10201 922C  91920694


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