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EX-10.1 - EX-10.1 - CORPORATE PROPERTY ASSOCIATES 18 GLOBAL INCa14-5264_1ex10d1.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):  February 3, 2014

 

GRAPHIC

 

CORPORATE PROPERTY ASSOCIATES 18 - GLOBAL INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

 

Maryland

(State or Other Jurisdiction of Incorporation)

 

000-54970

 

90-0885534

(Commission File Number)

 

(IRS Employer Identification No.)

 

50 Rockefeller Plaza, New York, NY

 

10020

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (212) 492-1100

 

(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):

 

£           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))

 

 

 

 


 

Item 1.01 Entry into a Material Definitive Agreement.

 

The information set forth under Item 2.01 of this Current Report on Form 8-K (the “Report”) is incorporated herein by reference.

 

Item 2.01 Completion of Acquisition or Disposition of Assets.

 

On February 3, 2014, a subsidiary of Corporate Property Associates 18 — Global Incorporated (“CPA®:18 — Global”) completed the acquisition of a 1,552,475 square foot distribution facility in University Park, Illinois from University Cup, LLC, an unaffiliated third party, for approximately $84.7 million, which includes acquisition fees and third party closing costs. The property is leased to an affiliate of Solo Cup Company, which is the guarantor, on a net lease basis.

 

In connection with the acquisition, CPA®:18 — Global obtained approximately $47.3 million in non-recourse, interest-only debt financing, with an annual interest rate of 5.0677% and a maturity date of February 6, 2024.

 

CPA®:18 — Global’s advisor, Carey Asset Management Corp., a subsidiary of W. P. Carey Inc., will receive acquisition fees of approximately $3.8 million in the transaction.

 

The foregoing descriptions do not purport to be complete and are subject to, and qualified in their entirety by, reference to the Purchase and Sale Agreement by University Cup, LLC and Cups Number One (DE) LLC, dated as of January 13, 2014. A copy of the agreement is filed hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01 - Financial Statements and Exhibits.

 

(a) and (b)

 

Pursuant to Items 9.01(a) and (b) of Form 8-K, the registrant hereby undertakes to file financial statements, as applicable, in response to Item 2.01 of Form 8-K through an amendment to this Report within 71 days after the date that this Report is filed.

 

(d) Exhibits

 

Exhibit No.

Description

 

 

10.1

Purchase and Sale Agreement by University Cup, LLC and Cups Number One (DE) LLC, dated as of January 13, 2014

 


 

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, thereunto duly authorized.

 

 

Corporate Property Associates 18 — Global Incorporated

 

 

 

 

 

 

 

 

Date:    February 7, 2014

By:

/s/ Catherine D. Rice

 

 

 

Catherine D. Rice

 

 

 

Chief Financial Officer