AMB Property Corporation(R) Announces Tender Offer by AMB Property, L.P. for Any and All of AMB Property, L.P.'s 8% Notes Due 20
2009年4月28日 - 9:41PM
PRニュース・ワイアー (英語)
SAN FRANCISCO, April 28 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB) announced today the commencement of a
cash tender offer by its operating partnership, AMB Property, L.P.,
for any and all of AMB Property, L.P.'s outstanding 8% Notes due
2010 and any and all of AMB Property, L.P.'s outstanding 5.45%
Notes due 2010 (collectively, the "Notes"). There is currently $75
million aggregate principal amount of the 8% Notes due 2010 and
$175 million aggregate principal amount of the 5.45% Notes due 2010
outstanding. The tender offer will expire at 5:00 p.m., New York
City time, on Tuesday, May 5, 2009, unless extended or earlier
terminated (the "Expiration Time"). The terms and conditions of the
tender offer are set forth in an Offer to Purchase dated April 28,
2009 (the "Offer to Purchase") and related Letter of Transmittal,
which together constitute the offer. The purchase price to be paid
for Notes that are validly tendered and not validly withdrawn on or
prior to the Expiration Time is set forth in the table below:
Aggregate Purchase Price Per Principal Amount $1,000 Principal
CUSIP Number Title of Security Outstanding Amount of Notes
------------ ----------------- ----------- --------------- 8.00%
Medium Term 00163X AB6 Notes due 2010 $75,000,000 $1,000.00 5.45%
Medium Term 00163X AL4 Notes due 2010 $175,000,000 $1,000.00 AMB
Property, L.P. will pay the purchase price plus accrued and unpaid
interest in respect of any Notes accepted for purchase in the offer
up to, but not including, the date of payment for the Notes, which
is expected to be the next business day following the Expiration
Time. As described in the Offer to Purchase, tendered Notes may be
withdrawn on or before the Expiration Time, but may not be
withdrawn after the Expiration Time. Withdrawn Notes may be
re-tendered at any time prior to the Expiration Time. The offer is
subject to certain customary conditions, but is not conditioned on
the tender of a minimum principal amount of Notes. AMB Property,
L.P. may amend, extend or, subject to certain conditions, terminate
the offer at any time. This press release is for informational
purposes only and is not an offer to buy or the solicitation of an
offer to sell with respect to any securities. The offer is only
being made pursuant to the terms of the Offer to Purchase and the
related Letter of Transmittal. The offer is not being made in any
jurisdiction in which the making or acceptance thereof would not be
in compliance with the securities, blue sky or other laws of such
jurisdiction. None of AMB Property Corporation, AMB Property, L.P.,
the dealer manager, the depositary, the information agent or their
respective affiliates is making any recommendation as to whether or
not holders should tender all or any portion of their Notes in the
offer. AMB Property, L.P. has engaged J.P. Morgan Securities Inc.
to act as dealer manager for the offer and Global Bondholder
Services Corporation to act as information agent and depositary for
the offer. Requests for documents may be directed to Global
Bondholder Services Corporation at 866.540.1500 (U.S. toll free) or
at 212.430.3774 (collect), or in writing to 65 Broadway, Suite 723,
New York, NY 10006, Attention: Corporate Actions. Questions
regarding the offer may be directed to J.P. Morgan Securities Inc.
at 212.834.3118 or 866.834.4666 (U.S. toll free). AMB Property
Corporation(R). Local partner to global trade.(TM) AMB Property
Corporation(R) is a leading owner, operator and developer of
industrial real estate, focused on major hub and gateway
distribution markets in the Americas, Europe and Asia. As of March
31, 2009, AMB owned, or had investments in, on a consolidated basis
or through unconsolidated joint ventures, properties and
development projects expected to total approximately 159.0 million
square feet (14.8 million square meters) in 48 markets within 14
countries. AMB invests in properties located predominantly in the
infill submarkets of its targeted markets. The company's portfolio
is comprised of High Throughput Distribution(R) facilities -
industrial properties built for speed and located near airports,
seaports and ground transportation systems. Some of the information
included in this press release contains forward-looking statements,
such as statements related to the cash tender offer for any and all
of the outstanding Notes. Because these forward-looking statements
involve numerous risks and uncertainties, there are important
factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not
rely on the forward-looking statements as predictions of future
events. The events or circumstances reflected in the
forward-looking statements might not occur. You can identify
forward-looking statements by the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
"seeks," "approximately," "intends," "plans," "forecasting, " "pro
forma," "estimates" or "anticipates" or the negative of these words
and phrases or similar words or phrases. You can also identify
forward-looking statements by discussions of strategy, plans or
intentions. Forward-looking statements are necessarily dependent on
assumptions, data or methods that may be incorrect or imprecise and
we may not be able to realize them. We caution you not to place
undue reliance on forward-looking statements, which reflect our
analysis only and speak as of the date of this press release or as
of the dates indicated in the statements. All of our
forward-looking statements are qualified in their entirety by this
statement. We assume no obligation to update or supplement
forward-looking statements. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward-looking
statements contained in this press release: any material adverse
change in the financial or securities markets within or outside the
United States or in political, financial or economic conditions
within or outside the United States or any material outbreak or
material escalation of hostilities within or outside the United
States or declaration by the United States of a national emergency
or war or other material calamity or crisis within or outside the
United States, including, without limitation, an act of terrorism,
any suspension or limitation of trading in securities generally or
in any of the securities of AMB by the SEC, by any exchange that
lists such securities or in any over-the-counter market, any
declaration by any governmental authority of a general banking
moratorium, any financial market fluctuations, actual or perceived
changes in general economic conditions, global trade or in the real
estate sector, inflation risks, an actual or perceived downturn in
the U.S., California or global economy, any amendment, extension or
termination of the tender offer, and certain other matters
discussed under the heading "Risk Factors" and elsewhere in our
annual report on Form 10-K for the year ended December 31, 2008.
DATASOURCE: AMB Property Corp. CONTACT: Tracy A. Ward, Vice
President, IR & Corporate, +1-415-733-9565, , or Rachel E. M.
Bennett, Director, Media & Public Relations, +1-415-733-9532, ,
both of Communications of AMB Property Corp. Web Site:
http://www.amb.com/
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