SC TO-I 1 kbssorscto-i.htm FORM SC TO-I Document


 
 
 
 
 
As filed with the Securities and Exchange Commission on September 14, 2017
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13 (E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
__________________
KBS STRATEGIC OPPORTUNITY REIT, INC.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Common Stock, $0.01 par value per share
(Title of Class of Securities)
48242N 106
(CUSIP Number of Class of Securities)
Keith D. Hall
Chief Executive Officer
KBS Strategic Opportunity REIT, Inc.
800 Newport Center Drive, Suite 700
Newport Beach, California 92660
(949) 417-6500
(Name, address, and telephone number of person authorized to receive notices and communications on behalf of filing persons)
With copies to:
Robert H. Bergdolt, Esq.
Christopher R. Stambaugh
DLA Piper LLP (US)
4141 Parklake Avenue, Suite 300
Raleigh, North Carolina 27612-2350
(919) 786-2000
______________________________________________________

CALCULATION OF FILING FEE
Transaction Valuation:
Amount of Filing Fee*:
$50,000,000 (a)
$5,795 (b)
(a)
Calculated as the maximum aggregate purchase price to be paid for shares of common stock.
(b)
The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, equals $115.90 per million of the aggregate amount of cash offered by the Company.
¨
Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $ N/A
Filing Party: N/A
Form or Registration No.:N/A
Date Filed: N/A
¨
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
¨ third-party tender offer subject to Rule 14d-1.
x issuer tender offer subject to Rule 13e-4.
¨ going-private transaction subject to Rule 13e-3.
¨ amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨
¨ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
¨ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
 
 
 
 
 




SCHEDULE TO
This Tender Offer Statement on Schedule TO relates to the offer by KBS Strategic Opportunity REIT, Inc., a Maryland corporation (the “Company”), to purchase for cash up to 3,553,660 shares of the Company’s common stock, par value $0.01 per share (the “Shares”), or approximately $50 million of Shares, subject to the Company’s ability to increase the number of Shares accepted for payment in the offer by up to, but not more than, 2% of the Company’s outstanding Shares (resulting in a commensurate increase in the number of Shares by up to approximately 1.1 million Shares) without amending or extending the offer in accordance with rules promulgated by the Securities and Exchange Commission, at a purchase price of $14.07 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated September 14, 2017, and in the related Letter of Transmittal, copies of which are attached to this Schedule TO as Exhibits (a)(i) and (a)(ii), respectively. This Tender Offer Statement on Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4(c)(2) of the Securities Exchange Act of 1934, as amended.
Items 1 through 11.
The information in the Offer to Purchase and the related Letter of Transmittal, copies of which are attached to this Schedule TO as Exhibits (a)(i) and (a)(ii), respectively, is incorporated by reference in answer to Items 1 through 11 of this Tender Offer Statement on Schedule TO.
Item 12. Exhibits.
The Exhibit Index appearing after the signature page hereto is incorporated by reference.
Item 13. Information Required by Schedule 13E-3.
Not applicable.

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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct.
 
 
 
 
 
 
 
KBS STRATEGIC OPPORTUNITY REIT, INC.
 
 
 
Dated: September 14, 2017
 
BY:
 
/s/ Keith D. Hall
 
 
 
 
Keith D. Hall
 
 
 
 
Chief Executive Officer
 
 
 
 
 

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EXHIBIT INDEX
(a)(i)*
 
 
 
 
(a)(ii)*
 
 
 
 
(a)(iii)*
 
 
 
 
(a)(iv)*
 
 
 
 
(a)(v)*
 
 
 
 
(a)(vi)*
 
 
 
 
(b)
 
None.
 
 
 
(d)(i)
 
 
 
 
(d)(ii)
 
 
 
 
(h)
 
None.
__________________
* Filed herewith.

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