Liberty Property Trust 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 2, 2008
LIBERTY PROPERTY TRUST
LIBERTY PROPERTY LIMITED PARTNERSHIP
(Exact name of registrant specified in its charter)
Registrants telephone, including area code: (610) 648-1700
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Section Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)).
On October 2, 2008, Liberty Property Trust (the Company) and Liberty Property Limited Partnership (the Operating Partnership and, together with the Company, the Transaction Entities) priced a public offering of 4,750,000 newly issued common shares of beneficial interest of the Company, par value $0.001 per share (Common Shares), at an offering price of $33.00 per share. Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. acted as joint book-running managers, and, together with Morgan Stanley & Co. Incorporated, Robert W. Baird & Co. Incorporated, Janney Montgomery Scott LLC, Stifel, Nicolaus & Company, Incorporated, and Wachovia Capital Markets, LLC, as the underwriters (the Underwriters) of this offering. The Company has also granted the Underwriters an option to purchase up to an additional 712,500 Common Shares during the next 30 days. The Transaction Entities estimate that the net proceeds from this offering, after expenses, will be approximately $149.5 million or approximately $172.0 million if the Underwriters option is exercised in full. This offering is expected to close on October 8, 2008. The underwriting agreement relating to the offering is filed as Exhibit 1.1 to this Report. For additional information concerning the offering, refer to the press release furnished as Exhibit 99.1 to this Report.
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 8, 2008