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| CUZ > SEC Filings for CUZ > Form 8-K on 17-Sep-2009 | All Recent SEC Filings |
17-Sep-2009
Entry into a Material Definitive Agreement
On September 15, 2009, Cousins Properties Incorporated (the "Company")
entered into an underwriting agreement (the "Agreement") with Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and J.P.
Morgan Securities Inc., as representatives of the several underwriters named in
Schedule A to the Agreement (the "Underwriters"). Pursuant to the terms and
conditions of the Agreement, the Company agreed to sell 40,000,000 shares of
common stock, par value $1.00 per share, at a price to the public of $7.25 per
share. In addition, the Company granted the Underwriters a 30-day option to
purchase up to 6,000,000 additional shares of common stock to cover
overallotments, which was exercised in full by the Underwriters on September 16,
2009.
The Company agreed to indemnify the Underwriters against certain specified
types of liabilities, including liabilities under the Securities Act of 1933,
and to contribute to payments the Underwriters may be required to make in
respect of these liabilities. In the ordinary course of business the
Underwriters or their respective affiliates have engaged and may in the future
engage in various financing, commercial banking and investment banking services
with, and provide financial advisory services to, the Company and its affiliates
for which they have received or may receive customary fees and expenses. Subject
to customary closing conditions, the offering contemplated by the Agreement
(including the exercise of the full overallotment option) is expected to close
on or about September 21, 2009.
The shares of common stock were offered pursuant to the Company's shelf
registration statement on Form S-3 (File No. 333-158234). A copy of the
Agreement is attached hereto as Exhibit 1.1, and the description of the material
terms of the Agreement in this Item 1.01 is qualified in its entirety by
reference to such exhibit, which is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
A copy of the press releases announcing the pricing of the common stock
offering is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information included in this Current Report on Form 8-K under this
Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference into any filing made by the Company under the
Exchange Act or Securities Act of 1933, as amended, except as shall be expressly
set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits The following exhibits are filed herewith:
Exhibit No. Description
1.1 Underwriting Agreement dated September 15, 2009, by and among Cousins
Properties Incorporated, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Morgan Stanley & Co. Incorporated and J.P. Morgan
Securities Inc., as representatives of the several underwriters.
5.1 Opinion of King & Spalding LLP regarding legality of shares.
23.1 Consent of King & Spalding LLP (included in Exhibit 5.1).
99.1 Cousins Properties Incorporated Press Release, dated September 15, 2009.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 17, 2009
By: /s/ Robert M. Jackson Robert M. Jackson Senior Vice President, General Counsel and Corporate Secretary
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