MACK-CALI REALTY CORPORATION (NYSE:CLI) Files An 8-K Other Events
Item 8.01 Other Events.
On November29, 2016, Mack-Cali Realty Corporation (the
Corporation) issued a press release announcing that its operating
partnership, Mack-Cali Realty, L.P. (the Operating Partnership),
will redeem for cash all $135,136,000 outstanding principal
amount of the Operating Partnerships 7.750% Notes due 2019 (the
Notes). The Notes shall be redeemed on December29, 2016 (the
Redemption Date). The redemption price for the Notes, including a
make-whole premium, will be 115.3136579% of the principal amount
of the Notes, plus any accrued and unpaid interest up to, but not
including, the Redemption Date (the Redemption Price). The
Company expects to fund the redemption using borrowings from its
unsecured revolving credit facility and available cash.
The Notes are to be surrendered to Wilmington Trust Company, as
trustee and paying agent, in exchange for payment of the
applicable redemption price.Questions relating to, and requests
for additional copies of, the notices of redemption for the Notes
should be directed to Wilmington Trust Company, Rodney Square
North, 1100 North Market Street, Wilmington, Delaware 19890-0001,
Attn: Corporate Trust Administration, (203) 453-4130.
Completion of the redemption of the Notes is subject to the
payment by the Operating Partnership to Wilmington Trust Company,
as trustee and paying agent, before 11:00 a.m.on December28,
2016, of $159,728,562.96 as payment in full of the Redemption
Price for all outstanding Notes, consisting of $135,136,000 in
principal, a make-whole premium of $20,694,264.74 and accrued and
unpaid interest of $3,898,298.22.
A copy of the Companys press release announcing the redemption of
the Notes is filed herewith as Exhibit99.1.
Item9.01 Financial Statements and
Exhibits.
(d) Exhibits
| ExhibitNo. |
| Description |
| 99.1 | Press release of Mack-Cali Realty Corporation dated |
About MACK-CALI REALTY CORPORATION (NYSE:CLI)
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company’s segments include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. The Company owns or has interests in approximately 270 properties, consisting of approximately 150 office and over 110 flex properties, totaling approximately 29.9 million square feet, leased to approximately 1,900 commercial tenants and over 20 multi-family rental properties containing approximately 5,640 residential units, plus developable land (collectively, the Properties). MACK-CALI REALTY CORPORATION (NYSE:CLI) Recent Trading Information
MACK-CALI REALTY CORPORATION (NYSE:CLI) closed its last trading session up +0.39 at 27.32 with 335,351 shares trading hands.
