-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CjJ24l2ZC2tY2mGZ7kOtQk5DVS6NWQfeBy9tDMOjfV5scsgYs3Hoy/kbsKeu+FgH oKBAPki6ZBx5v7X3Rse2Vw== 0000950134-08-007627.txt : 20080429 0000950134-08-007627.hdr.sgml : 20080429 20080428181426 ACCESSION NUMBER: 0000950134-08-007627 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080429 DATE AS OF CHANGE: 20080428 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMB PROPERTY CORP CENTRAL INDEX KEY: 0001045609 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 943281941 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-135210 FILM NUMBER: 08782558 BUSINESS ADDRESS: STREET 1: PIER 1 BAY 1 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4153949000 MAIL ADDRESS: STREET 1: PIER 1 BAY 1 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMB PROPERTY CORP CENTRAL INDEX KEY: 0001045609 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 943281941 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: PIER 1 BAY 1 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4153949000 MAIL ADDRESS: STREET 1: PIER 1 BAY 1 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FWP 1 f40204fwp.htm FREE WRITING PROSPECTUS fwp
 

Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-135210
April 28, 2008
PRICING TERM SHEET, dated April 28, 2008
(AMB LOGO)
$325,000,000 6.300% Unsecured
Series C Medium-Term Notes Due 2013
             
Issuer:
   AMB Property, L.P.        
 
            
Guarantor:
   AMB Property Corporation        
 
            
Ratings:
   Baa1/BBB/BBB+ (stable/stable/stable)        
 
            
Size:
   $325,000,000        
 
            
Maturity:
   June 1, 2013        
 
            
Coupon (Interest Rate):
   6.300%        
 
            
Yield to Maturity:
   6.332%        
 
            
Spread to Benchmark Treasury:
   3.200% (+320 basis points)        
 
            
Benchmark Treasury:
   3.125% April 30, 2013        
 
            
Benchmark Treasury Price and Yield:
   99-31; 3.132%        
 
            
Interest Payment Dates:
   June 1 and December 1, commencing December 1, 2008        
 
            
Day Count Convention:
   30 / 360        
 
            
Redemption Provision:
   Make-whole call at any time based on U.S. Treasury + .50% (50 basis points)            
 
            
Price to Public:
   99.853%        
 
            
Gross Fee:
   0.600%        
 
            
Proceeds to Issuer:
   $322,572,250        
 
            
Settlement Date:
   T+3; May 1, 2008; no accrued interest        
             
Joint Book-Running Managers:
       Underwriting  
 
          
 
   J. P. Morgan Securities Inc.   $ 157,625,000  
 
   Banc of America Securities LLC   $ 92,625,000  
 
   Morgan Stanley & Co. Incorporated   $ 65,000,000  
Co-Managers:
   Scotia Capital (USA) Inc.   $ 9,750,000  
     
CUSIP No.
  00163X AN 0

 

 

Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Registration Statement No. 333-135210
April 28, 2008
Use of Proceeds
We intend to use the net proceeds from the sale of the notes for general corporate purposes, which may include acquisitions of properties, portfolios of properties or interests in property-owning or real estate-related entities; development activities; the repayment of indebtedness (which may include temporarily reducing borrowings under our unsecured credit facilities); loans to affiliates; the redemption or other repurchase of outstanding securities; capital expenditures and increasing our working capital. We are generally engaged in various stages of negotiations for a number of acquisitions, dispositions and other transactions, some of which may be significant, that may include, but are not limited to, individual properties, large multi-property portfolios or property owning or real estate-related entities.
As of December 31, 2007, the weighted average interest rate on the borrowings we may repay under our unsecured credit facilities was approximately 5.70%. These borrowings mature in June 2010 and July 2011.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533, Banc of America Securities LLC at 1-800-294-1322 or Morgan Stanley & Co. at (866) 718-1649.

 

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