-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SjcZOdysHiKZPV1mY5EY+gciIQ5M0fXto0kXnGSYuzq2C2P8Wx9E6R6umjfL/LlD BjMcQkFnpxxt8Ir/JQt+4Q== 0001104659-08-023491.txt : 20080409 0001104659-08-023491.hdr.sgml : 20080409 20080409164443 ACCESSION NUMBER: 0001104659-08-023491 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080404 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080409 DATE AS OF CHANGE: 20080409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Capmark Financial Group Inc. CENTRAL INDEX KEY: 0001406508 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 911902188 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-146211 FILM NUMBER: 08748043 BUSINESS ADDRESS: STREET 1: 116 WELSH ROAD CITY: HORSHAM STATE: PA ZIP: 19044 BUSINESS PHONE: 215-328-3200 MAIL ADDRESS: STREET 1: 116 WELSH ROAD CITY: HORSHAM STATE: PA ZIP: 19044 8-K 1 a08-10463_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): April 4, 2008

 

CAPMARK FINANCIAL GROUP INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

333-146211

 

91-1902188

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification Number)

 

411 Borel Avenue, Suite 320

 

 

San Mateo, California

 

94402

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (650) 572-6600

 

Not applicable.

(Former names 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 230.14a-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))

 

 

 

 

 


 

 

Item 8.01

 

Other Events.

 

On April 4, 2008, certain subsidiaries of Capmark Financial Group Inc. (the “Company”) completed the sale of significant interests in five large loans in its European loan portfolio to a third party institutional buyer for a total sale price of approximately $910 million. The net proceeds from the sale were used to repay outstanding debt and for general corporate purposes.

 

The sale price represents a loss of approximately $95 million from the valuation of the interests sold in these five loans as of December 31, 2007.

 

As a result of disruptions in the European commercial mortgage-backed securities market beginning in the second half of 2007, the Company curtailed its proprietary European lending activities and began syndicating loans in its European portfolio in direct transactions to institutional buyers.

 

 

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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 thereunto duly authorized.

 

 

CAPMARK FINANCIAL GROUP INC.

 

 

Dated: April 9, 2008

By:

/s/ Gregory J. McManus

 

 

 

 

Name:

Gregory J. McManus,

 

Title:

Executive Vice President, Chief Financial Officer

 

 

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