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): September 1, 2015

 

CARE CAPITAL PROPERTIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

 

001-37356

 

37-1781195

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

353 N. Clark Street, Suite 2900, Chicago, Illinois

 

60654

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (312) 881-4700

 

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:

 

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 8.01.             Other Events.

 

On September 1, 2015, Care Capital Properties, Inc. (“CCP”) completed the acquisition of eight skilled nursing facilities and one assisted living facility and simultaneously entered into a long-term triple-net lease with its existing customer, Senior Care Centers, LLC (“SCC”), to operate the acquired portfolio.  CCP purchased the assets for approximately $190 million in cash and made a $20 million five-year, fully amortizing loan to SCC, resulting in a total transaction value of approximately $210 million.  The transaction was funded through borrowings under CCP’s unsecured revolving credit facility and term loans.

 

On September 2, 2015, CCP announced that its Board of Directors declared a full third quarter dividend of $0.57 per share, payable in cash on September 30, 2015 to stockholders of record on September 14, 2015.

 

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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.

 

 

CARE CAPITAL PROPERTIES, INC.

 

 

 

 

 

 

Date: September 4, 2015

By:

/s/ Kristen M. Benson

 

 

Kristen M. Benson

 

 

Executive Vice President, General Counsel and Corporate Secretary

 

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