0001104659-18-065167.txt : 20181101 0001104659-18-065167.hdr.sgml : 20181101 20181031174833 ACCESSION NUMBER: 0001104659-18-065167 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20181030 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181101 DATE AS OF CHANGE: 20181031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Corporate Property Associates 17 - Global INC CENTRAL INDEX KEY: 0001390213 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 208429087 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52891 FILM NUMBER: 181151287 BUSINESS ADDRESS: STREET 1: 50 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 212-492-1100 MAIL ADDRESS: STREET 1: 50 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10020 8-K 1 a18-38287_18k.htm 8-K

 

 

UNITED STATES

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): October 30, 2018

 

 

Corporate Property Associates 17 – Global Incorporated

(Exact Name of Registrant as Specified in its Charter)

 

Maryland

(State or Other Jurisdiction of Incorporation)

 

000-52891

 

20-8429087

(Commission File Number)

 

(IRS Employer Identification No.)

 

50 Rockefeller Plaza, New York, NY

 

10020

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (212) 492-1100

 

 

(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:

 

o      Written communications pursuant to Rule 425 under the Securities 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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 


 

Item 1.02  Termination of a Material Definitive Agreement.

 

The information disclosed in the second and third paragraphs of Item 2.01 is hereby incorporated by reference.

 

Item 2.01  Completion of Acquisition or Disposition of Assets.

 

On October 31, 2018, the merger (the “Merger”) of Corporate Property Associates 17 – Global Incorporated (“CPA:17”) and CPA17 Merger Sub LLC, a merger subsidiary of W. P. Carey Inc. (“W. P. Carey”), became effective and, subject to the terms and conditions of the Agreement and Plan of Merger, dated as of June 17, 2018 (the “Merger Agreement”), each share of CPA:17 common stock issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive 0.160 shares of W. P. Carey common stock.  Fractional shares were converted into cash. Neither W. P. Carey nor any of its subsidiaries received any merger consideration for shares of CPA:17 common stock owned by them.

 

Prior to the consummation of the Merger, certain affiliates of W. P. Carey provided advisory services to CPA:17 pursuant to the (i) Amended and Restated Advisory Agreement, dated as of January 1, 2015, among CPA:17, CPA:17 Limited Partnership and Carey Asset Management Corp., and (ii) Amended and Restated Asset Management Agreement, dated as of May 13, 2015, among CPA:17, CPA:17 Limited Partnership and W. P. Carey & Co. B. V. (collectively, as amended, the “Advisory Agreements”). The Advisory Agreements were automatically terminated upon the closing of the Merger.

 

Additionally, on October 31, 2018, subsequent to the effectiveness of the Merger, W. P. Carey fully repaid CPA:17’s obligations under CPA:17’s senior unsecured revolving credit facility and delayed-draw term loan facility (collectively, the “Senior Credit Facility”) and terminated the Senior Credit Facility.

 

The foregoing descriptions of the Merger and related transactions do not purport to be complete and are subject to and qualified in their entirety by reference to the Merger Agreement.  A copy of the Merger Agreement was attached as Exhibit 2.1 to CPA:17’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 18, 2018, and is incorporated herein by reference.

 

Item 3.01  Material Modification to Rights of Security Holders.

 

The information disclosed in Item 2.01 is hereby incorporated by reference.

 

Item 5.01  Changes in Control of Registrant.

 

The information disclosed in Item 2.01 is hereby incorporated by reference.

 

Item 5.03  Amendments to Articles of Incorporation of Bylaws; Change in Fiscal Year.

 

Articles of Amendment with respect to CPA:17’s charter (the “CPA:17 Charter”) were filed on October 30, 2018 with the State Department of Assessments and Taxation of Maryland.  The amendment excludes a transaction involving securities of an entity that have been listed on a national securities exchange for at least 12 months, including the Merger, from the procedural and substantive requirements of the CPA:17 Charter applicable to “Roll-Up Transactions” (as such term is defined in the CPA:17 Charter).  As previously disclosed, the amendment was approved on October 29, 2018 at a special meeting of CPA:17 stockholders.

 

The foregoing description of the Articles of Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the Articles of Amendment.  A copy of the Articles of Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

2


 

Item 9.01  Financial Statements and Exhibits.

 

(d)     Exhibits

 

Exhibit No.

 

Description

 

 

 

3.1

 

Articles of Amendment of Corporate Property Associates 17 – Global Incorporated, dated October 30, 2018.

 

3


 

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, thereunto duly authorized.

 

 

Corporate Property Associates 17 – Global Incorporated

 

 

Date: October 31, 2018

By:

/s/ Susan C. Hyde

 

 

Susan C. Hyde

 

 

Chief Administrative Officer and Corporate Secretary

 

4


EX-3.1 2 a18-38287_1ex3d1.htm EX-3.1

Exhibit 3.1

 

CORPORATE PROPERTY ASSOCIATES 17 – GLOBAL INCORPORATED

 

ARTICLES OF AMENDMENT

 

Corporate Property Associates 17 – Global Incorporated, a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

 

FIRST:  The charter of the Corporation (the “Charter”) is hereby amended by replacing in its entirety the definition of “Roll-Up Transaction” in Article IV with the following:

 

“Roll-Up Transaction. The term “Roll-Up Transaction” shall mean a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Corporation and the issuance of securities of a Roll-Up Entity to the Stockholders. Such term does not include:

 

(a)                     a transaction involving securities of an entity that have been for at least twelve months listed on a national securities exchange or traded through Nasdaq’s National Market System; or

 

(b)                     a transaction involving the conversion to corporate, trust or association form of only the Corporation, if, as a consequence of the transaction, there will be no significant adverse change in any of the following:

 

(i)                         Stockholders’ voting rights;

(ii)                      the term of existence of the Corporation;

(iii)                   Sponsor or Advisor compensation; or

(iv)                  the Corporation’s investment objectives.”

 

SECOND:  The amendment to the Charter as set forth above has been approved by the board of directors and the stockholders of the Corporation as required by law.

 

The undersigned acknowledges that these Articles of Amendment are the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned acknowledges that to the best of her knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

 

[SIGNATURE PAGE FOLLOWS]

 


 

IN WITNESS WHEREOF, the Corporation has caused these Articles of Amendment to be executed in its name and on its behalf by its Chief Financial Officer and attested by its Assistant Secretary on this 30th day of October, 2018.

 

ATTEST:

CORPORATE PROPERTY ASSOCIATES 17 – GLOBAL INCORPORATED

 

 

 

 

/s/ James Fitzgerald

 

/s/ Mallika Sinha

Name: James Fitzgerald

Name: Mallika Sinha

Title: Assistant Secretary

Title: Chief Financial Officer

 


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