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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): August 11, 2021

 

CORPORATE OFFICE PROPERTIES TRUST

(Exact name of registrant as specified in its charter)

 

Corporate Office Properties Trust   Maryland   1-14023   23-2947217
    (State or other jurisdiction of  

(Commission

  (IRS Employer
   

incorporation or

organization)

  File
Number)
  Identification No.)

 

6711 Columbia Gateway Drive, Suite 300

Columbia, Maryland 21046

(Address of principal executive offices)

 

(443) 285-5400

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
 

Name of each exchange on which

registered

Common Shares of beneficial interest, $0.01 par value   OFC   New York Stock Exchange

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

On August 11, 2021, Corporate Office Properties, L.P. (“COPLP”), the operating partnership of Corporate Office Properties Trust (“COPT”), consummated the offering of $400,000,000 aggregate principal amount of its 2.000% Senior Notes due 2029 (the “Notes”). The Notes will be fully and unconditionally guaranteed by COPT. The Notes were offered pursuant to an effective shelf registration statement on Form S-3 (File Nos. 333-230764 and 333-230764-01) filed by COPT and COPLP with the Securities and Exchange Commission on April 8, 2019 (the “Registration Statement”), including a base prospectus, dated April 8, 2019, and a prospectus supplement, dated August 2, 2021, filed with the Securities and Exchange Commission on August 4, 2021.

 

The terms of the Notes are governed by a senior indenture, dated as of April 8, 2019, by and among COPLP, as issuer, COPT, as guarantor, and U.S. Bank National Association, as trustee (the “Base Indenture”), as supplemented and amended by a third supplemental indenture thereto, dated as of August 11, 2021 (the “Third Supplemental Indenture,” and together with the Base Indenture, the “Indenture”).

 

A copy of the Base Indenture was previously filed as Exhibit 4.1 to the Registration Statement and is incorporated by reference herein. The Third Supplemental Indenture is filed as Exhibit 4.2 hereto.

 

Item 9.01. Financial Statements and Exhibits

 

Exhibit Number   Exhibit Title
4.1   Form of 2.000% Senior Notes due 2029 (included in Exhibit 4.2 below)
4.2   Third Supplemental Indenture, by and among Corporate Office Properties, L.P., as issuer, Corporate Office Properties Trust, as guarantor, and U.S. Bank National Association, as trustee
5.1   Opinion of Saul Ewing LLP regarding the validity of the Guarantee
5.2   Opinion of Morgan, Lewis & Bockius LLP regarding the validity of the Notes
8.1   Opinion of Morgan, Lewis & Bockius LLP
23.1   Consent of Saul Ewing LLP (contained in Exhibit 5.1)
23.2   Consent of Morgan, Lewis & Bockius LLP (contained in Exhibit 5.2)
23.3   Consent of Morgan, Lewis & Bockius LLP (contained in Exhibit 8.1)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  CORPORATE OFFICE PROPERTIES TRUST  
     
  /s/ Anthony Mifsud  
  Anthony Mifsud  
  Executive Vice President and Chief Financial Officer  
     
Dated: August 11, 2021