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EX-99.1 - PRESS RELEASE DATED APRIL 1, 2011 - MPG Office Trust, Inc.mpg201141exhibit991.htm
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
March 31, 2011
 
MPG OFFICE TRUST, INC.
(Exact name of registrant as specified in its charter)
 
 
Maryland
(State or other jurisdiction of incorporation)
001-31717
(Commission File Number)
04-3692625
(IRS Employer Identification Number)
 
355 South Grand Avenue, Suite 3300
Los Angeles, California
(Address of principal executive offices)
 
90071
(Zip Code)
 
(Registrant’s telephone number, including area code)
213-626-3300
 
 
N/A
(Former name or former address, if changed since last report.)
 
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:
 
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 


 

 

TABLE OF CONTENTS
 
 
 
Regulation FD Disclosure.
 
Other Events.
 
Financial Statements and Exhibits.
 
 
 
 
 
 
 
 
Exhibit 99.1
Press release dated April 1, 2011
 
 

 

 

 
Section 7 – Regulation FD
 
 
Item 7.01
Regulation FD Disclosure.
 
As discussed in Item 8.01, on April 1, 2011 MPG Office Trust, Inc. (the “Company”) issued a press release announcing, among other things, that it had completed the disposition of 701 N. Brand located in Glendale, California.
   
The information being furnished pursuant to Item 7.01 shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section.  The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
 
Section 8 – Other Events
 
 
Item 8.01
Other Events.
 
On March 31, 2011, following notices from the Company, the mortgage loans encumbering U.S. Bank Tower and Wells Fargo Tower were placed into special servicing. This step permits the Company to engage in discussions with the respective special servicers. The Company also delivered a notice of imminent default to the master servicer for the mortgage loan on Gas Company Tower requesting it be placed in special servicing. The mortgage loans secured by these assets are not in default.
 
On April 1, 2011, the Company completed the disposition of 701 N. Brand located in Glendale, California to the project’s lender and largest tenant, California Credit Union. As part of the disposition, California Credit Union provided the Company with a cash payment and retained the Company as property manager for the asset for a period of up to 18 months. The disposition of this non-core asset eliminated the $33.8 million of debt secured by the property.
 
 

 

 

 
Section 9 – Financial Statements and Exhibits
 
 
Item 9.01
Financial Statements and Exhibits.
 
 
(a)
Financial statements of businesses acquired: None.
 
 
(b)
Pro forma financial information: None.
 
 
(c)
Shell company transactions: None.
 
 
(d)
Exhibits:
 
The following exhibit is furnished with this Current Report on Form 8-K:
 
Exhibit No.
 
Description
 
 
 
99.1**
 
Press release dated April 1, 2011 disposition
_________
**    Furnished herewith.
 
 

 

 

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.
 
 
MPG OFFICE TRUST, INC.
Registrant
 
 
 
/s/ JONATHAN L. ABRAMS
 
Jonathan L. Abrams
Senior Vice President,
General Counsel and Secretary
 
 
 
Dated:   As of April 1, 2011