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OFC > SEC Filings for OFC > Form 8-K on 1-Nov-2012All Recent SEC Filings

Show all filings for CORPORATE OFFICE PROPERTIES TRUST

Form 8-K for CORPORATE OFFICE PROPERTIES TRUST


1-Nov-2012

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On October 31, 2012, Corporate Office Properties Trust (the "Company") and Corporate Office Properties, L. P. (the "Operating Partnership") entered into a separate sales agreement (each, a "Sales Agreement" and collectively, the "Sales Agreements") with each of Barclays Capital Inc., Citigroup Global Markets, Inc., Mitsubishi UFJ Securities (USA), Inc. and Raymond James & Associates, Inc. (each, an "Agent," and collectively, the "Agents"), under which the Company may, from time to time, offer and sell the Company's common shares of beneficial interest, par value $0.01 per share, having an aggregate sale price of up to $150,000,000 (the "Shares") through an "at the market" equity offering program.

The Company may sell the Shares in amounts and at times to be determined by the Company from time to time, although the Company has no obligation to sell any of the Shares. Sales of the Shares, if any, made through the Agents, as sales agents, may be made by means of ordinary brokers' transactions on the New York Stock Exchange, or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or in negotiated transactions or as otherwise agreed by the Company and the applicable Agent. Each Agent has agreed to use its commercially reasonable efforts to sell the Shares. The Company will pay each Agent a commission that will not exceed, but may be lower than, 2.0% of the gross sales price of all shares sold through such Agent under the applicable Sales Agreement. The Company or any of the Agents may at any time suspend the offering or terminate the applicable Sales Agreement pursuant to the terms of the applicable Sales Agreement.

The Company may also sell the Shares to each of the Agents, as principal, at a price per share to be agreed upon at the time of sale. If the Company sells shares to an Agent as principal, it will enter into a separate terms agreement with that Agent and will describe the terms of the offering of those shares in a separate prospectus supplement.

The Company will contribute the net proceeds from the offering to the Operating Partnership to reduce borrowings under its unsecured revolving credit facility, repay other indebtedness, fund development activities and finance acquisitions, and for general corporate purposes.

The Shares will be issued pursuant to the Company's automatic shelf registration statement on Form S-3 (File No. 333-180446) filed with the Securities and Exchange Commission on March 29, 2012, and a prospectus supplement, dated October 31, 2012, filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The Sales Agreements are filed as Exhibits 1.1 through 1.4 to this Current Report. The description of the Sales Agreements does not purport to be complete and is qualified in its entirety by reference to the Sales Agreements filed as exhibits hereto and incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

Exhibit
Number                                  Description
1.1       Sales Agreement, dated October 31, 2012, among Corporate Office
          Properties Trust, Corporate Office Properties, L. P. and Barclays
          Capital Inc.

1.2       Sales Agreement, dated October 31, 2012, among Corporate Office
          Properties Trust, Corporate Office Properties, L. P. and Citigroup
          Global Markets Inc.

1.3       Sales Agreement, dated October 31, 2012, among Corporate Office
          Properties Trust, Corporate Office Properties, L. P. and Mitsubishi UFJ
          Securities (USA), Inc.


1.4      Sales Agreement, dated October 31, 2012, among Corporate Office
         Properties Trust, Corporate Office Properties, L. P. and Raymond James &
         Associates, Inc.

5.1      Opinion of Saul Ewing LLP

8.1      Tax Opinion of Morgan, Lewis & Bockius LLP

23.1     Consent of Saul Ewing LLP (included in Exhibit 5.1)

23.2     Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 8.1)


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