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ESC > SEC Filings for ESC > Form 8-K on 13-Mar-2013All Recent SEC Filings

Show all filings for EMERITUS CORP\WA\ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for EMERITUS CORP\WA\


13-Mar-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

Emeritus Corporation (the "Company") today announced the pricing of its previously announced secondary public offering of 7,973,600 common shares at a public offering price of $27.00 per share. Shares are being sold by AREA Property Partners, on behalf of funds they manage, our CEO and President, Granger Cobb, funds associated with Directors Daniel Baty and Stan Baty, and by Ray Brandstrom, a co-founder of the Company who announced his retirement from the Company's board of directors effective upon the upcoming annual meeting of shareholders. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,196,040 common shares. Any proceeds from the exercise of the underwriter's option will be used for general corporate purposes, which may include repayment of outstanding debt.

The offering is being conducted pursuant to a shelf registration statement on Form S-3 filed on March 11, 2013 with the Securities and Exchange Commission on behalf of the Company and the selling shareholders under the offering. The offering is expected to close on March 18, 2013, subject to customary closing conditions.

A press release announcing the offering is attached hereto as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated March 12, 2013 entitled Emeritus Announces Pricing of Secondary Public Offering

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