0001144204-15-016851.txt : 20150318 0001144204-15-016851.hdr.sgml : 20150318 20150318060516 ACCESSION NUMBER: 0001144204-15-016851 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150317 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150318 DATE AS OF CHANGE: 20150318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Realty Capital Healthcare Trust II, Inc. CENTRAL INDEX KEY: 0001561032 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 383888962 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55201 FILM NUMBER: 15708688 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-415-6500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 v404833_8k.htm FORM 8-K

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 18, 2015 (March 17, 2015)

 

American Realty Capital Healthcare Trust II, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Maryland   000-55201   38-3888962

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

405 Park Avenue

New York, New York 10022

(Address, including zip code, of Principal Executive Offices)

Registrant's telephone number, including area code: (212) 415-6500

 

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:

 

  ¨  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 8.01. Other Events.

 

Engagement of Financial Advisors

 

On March 17, 2015, American Realty Capital Healthcare Trust II, Inc. (the “Company”) formally engaged KeyBanc Capital Markets and RCS Capital, the investment banking and capital markets division of Realty Capital Securities, LLC, as financial advisors.

 

Intention to List Common Stock

 

On March 18, 2015, the Company announced that it intends to file an application to list its common stock on a national stock exchange under the symbol “HTI,” and, subject to approval, anticipates that its common stock will begin trading on such exchange during the third quarter of 2015. Concurrent with the listing, the Company intends to change its name to “Healthcare Trust, Inc.”

 

The Company’s Board of Directors has determined, in consultation with its financial advisors, that it is in the Company’s best interests to move forward with the listing application. This decision is the result of a process led by the Board of Directors to evaluate possible strategic alternatives designed to maximize long-term shareholder value.

 

On March 18, 2015, the Company issued a press release announcing the foregoing and such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release dated March 18, 2015

 

 
 

 

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.

 

  AMERICAN REALTY CAPITAL
HEALTHCARE TRUST II, INC.
       
Date: March 18, 2015 By: /s/ Thomas P. D’Arcy  
  Thomas P. D’Arcy  
  Chief Executive Officer  

 

 
 

EX-99.1 2 v404833_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

ARC Healthcare Trust II Announces Intent to List

 

Engages KeyBanc Capital Markets and RCS Capital as Financial Advisors 

 

New York, New York, March 18, 2015 – American Realty Capital Healthcare Trust II, Inc. (“Healthcare Trust II” or the “Company”) today announced that it intends to file an application to list its common stock on a national stock exchange under the symbol “HTI,” and, subject to approval, anticipates that its common stock will begin trading on such exchange during the third quarter of 2015. Concurrent with the listing, the Company intends to change its name to “Healthcare Trust, Inc.”

 

Healthcare Trust II’s Board of Directors has determined, in consultation with its financial advisors, KeyBanc Capital Markets and RCS Capital, the investment banking and capital markets division of Realty Capital Securities, LLC, that it is in Healthcare Trust II’s best interests to move forward with the listing application. This decision is the result of a process led by the Board of Directors to evaluate possible strategic alternatives designed to maximize long-term shareholder value.

 

Thomas D’Arcy, Chief Executive Officer of Healthcare Trust II, said, “Listing Healthcare Trust II is an important strategic step to enhance long-term shareholder value and create liquidity. The real estate capital markets, while somewhat volatile, still offer, in our opinion, the best relative strategic alternative to monetize value for our stakeholders, while not foreclosing other options.”

 

Completion of the listing is subject to final approval by the applicable exchange. There can be no assurance that Healthcare Trust II’s shares of common stock will be approved for listing or, if the shares of common stock are listed, that a liquid market will develop. In addition, because Healthcare Trust II intends to list its common stock during the third quarter of 2015, it will not publish an estimated net asset value.

 

About Healthcare Trust II

 

Healthcare Trust II is a publicly registered, non-traded real estate investment trust (“REIT”) that qualified to be taxed as a REIT for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2013.

 

The following table sets forth certain operational information for Healthcare Trust II as of December 31, 2014:

 

Number of assets 118
Square feet 6.3 million
Occupancy 90.9%
Remaining lease term 10.5 years
Leverage 3.5%

 

Additional information about Healthcare Trust II can be found on its website at http://www.thehealthcarereit2.com.

 

 
 

 

Important Notice

 

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “anticipate,” “believe,” “expect” and “intend” indicate a forward-looking statement, although not all forward-looking statements include these words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors sections of Healthcare Trust II’s Annual Report on Form 10-K filed on March 7, 2014 and Quarterly Report on Form 10-Q filed on November 14, 2014, respectively. Further, forward-looking statements speak only as of the date they are made, and Healthcare Trust II undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

 

 

Media Inquiries: Investor Inquiries:  
     

Anthony J. DeFazio

SVP of Public Relations

DDCwork

tdefazio@ddcworks.com

(484) 342-3600

Andrew G. Backman

Managing Director

Investor Relations and Public Relations

ABackman@arlcap.com

(917) 475-2135

Edward F. Lange, Jr.

CFO and COO

American Realty Capital Healthcare Trust II, Inc.

elange@arlcap.com

(212) 415-6500

 

 
 

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