Attached files
| file | filename |
|---|---|
| EX-10.1 - SUBLEASE DATED AUGUST 15, 2012 BY AND BETWEEN MCG CAPITAL CORPORATION AND FBR & CO. - MCG CAPITAL CORP | a8-kfbrsubxleaseex101.htm |
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 15, 2012
____________________________
MCG Capital Corporation
(Exact Name of Registrant as Specified in Charter)
____________________________
Delaware | 0-33377 | 54-1889518 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
1100 Wilson Boulevard, Suite 3000, Arlington, VA | 22209 | |||
(Address of Principal Executive Offices) | (Zip Code) | |||
(703) 247-7500
(Registrant’s telephone number, including area code)
Not applicable
(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 (see General Instruction A.2. below):
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)) |
Item 1.01. | Entry into a Material Definitive Agreement. |
On August 15, 2012, MCG Capital Corporation, a Delaware corporation (“MCG” or the "Company"), entered into a sublease (the “Sublease”) with FBR & CO., a Virginia corporation (“Sublandlord”). Pursuant to the Sublease, MCG has agreed to lease approximately 13,134 square feet of office space at 1001 19th Street North, Arlington, VA, and anticipates moving its principal executive offices into the new premises in November 2012.
The Sublease is subject to the terms of the prime lease between Sublandlord and BFP Potomac Tower Co. LLC (“Prime Landlord”) dated April 29, 2004, as amended, and requires the consent of the Prime Landlord to become effective (the “Consent”). Upon receipt of the Consent, the Sublease will run through November 30, 2014. Lease payments of $394,020 per annum, payable monthly (“Base Rent”), are due beginning on the later of October 15, 2012 or forty-five days following the Consent. Base Rent will not increase during the term of the Sublease, and MCG is not required to pay any taxes or operating expenses other than electricity.
The foregoing description of the Sublease is not complete and is qualified in its entirety by the full text of the Sublease, which is filed as an exhibit to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated by reference herein.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K may contain forward-looking statements within the meaning of applicable securities laws. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.
Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 filed with the Securities and Exchange Commission under the section “Risk Factors,” as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. The Company is providing the information in this Current Report on Form 8-K as of this date and assumes no obligations to update the information included herein or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. | Description | |
10.1 | Sublease dated as of August 15, 2012 by and between MCG Capital Corporation and FBR & CO. | |
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SIGNATURE
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.
MCG CAPITAL CORPORATION | ||
Date: August 16, 2012 | By: /s/ B. Hagen Saville | |
B. Hagen Saville President | ||