-----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, VCd6OIsQDUeNGsmdCB8Gd23x5rBLIUC0e+EOrJiWElrTIqkG1w5DYq+vAHxAEix4 tz1TKsUC1PRhPjb6hQNR0A== 0001104659-06-049589.txt : 20060728 0001104659-06-049589.hdr.sgml : 20060728 20060728154021 ACCESSION NUMBER: 0001104659-06-049589 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060724 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060728 DATE AS OF CHANGE: 20060728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUKE REALTY CORP CENTRAL INDEX KEY: 0000783280 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 351740409 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09044 FILM NUMBER: 06988003 BUSINESS ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: STE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 BUSINESS PHONE: 3178086000 MAIL ADDRESS: STREET 1: 600 EAST 96TH STREET STREET 2: STE 100 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 FORMER COMPANY: FORMER CONFORMED NAME: DUKE WEEKS REALTY CORP DATE OF NAME CHANGE: 19990716 FORMER COMPANY: FORMER CONFORMED NAME: DUKE REALTY INVESTMENTS INC DATE OF NAME CHANGE: 19920703 8-K 1 a06-16644_28k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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):  July 24, 2006

 

DUKE REALTY CORPORATION

 

(Exact name of registrant specified in its charter)

 

 

Indiana

 

1-9044

 

35-1740409

(State of

 

(Commission

 

(IRS Employer

Formation)

 

File Number)

 

Identification No.)

 

 

600 East 96th Street
Suite 100
Indianapolis, IN 46240
(Address of principal executive offices, zip code)

 

Registrant’s telephone number, including area code: (317) 808-6000

 

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. 1.01.             Entry Into a Material Definitive Agreement.

On July 21, 2006, Duke Realty Limited Partnership (the “Operating Partnership”), the operating partnership through which Duke Realty Corporation (the “Company”) operates its business, completed a solicitation of consents (the “Consents”) from the holders of those series of the Operating Partnership’s outstanding notes listed in the table below (collectively, the “Notes”), to approve amendments (the “Amendments”) to certain of the financial covenants contained in the Indenture, dated as of September 19, 1995 (as amended and/or supplemented to the date hereof, the “Indenture”), by and between the Operating Partnership and J.P. Morgan Trust Company, N.A. (as successor in interest to The First National Bank of Chicago), as the trustee (the “Trustee”), governing the Notes.

 

 

 

 

 

 

 

Outstanding

 

 

CUSIP No.

 

Principal Amount

 

Security Description

264414AS2

 

$100,000,000

 

6.75% Notes due 2008

264414AT0

 

$125,000,000

 

6.8% Notes due 2009

26441YAC1

 

$150,000,000

 

7.75% Notes due 2009

26441YAE7

 

$175,000,000

 

5.25% Notes due 2010

26441YAD9

 

$175,000,000

 

6.95% Notes due 2011

264411AB5

 

$150,000,000

 

5.875% Notes due 2012

26441QAD6

 

$50,000,000

 

5.45% Notes due 2012

26441QAC8

 

$50,000,000

 

7.25% Notes due 2028

 

Following the Operating Partnership’s receipt and acceptance of sufficient Consents to approve the Amendments, the Operating Partnership entered into a Twentieth Supplemental Indenture, dated as of July 24, 2006 (the “Supplemental Indenture”), with the Trustee, to effect the Amendments.  The Amendments changed certain of the financial covenants in the Indenture to make them consistent with corresponding covenants included in each series of the Operating Partnership’s notes issued on or after May 22, 2003, and had the following effect: (i) changed the limit on Total Outstanding Debt from 55% to 60% of the Adjusted Total Assets, (ii) reduced the ratio of Consolidated Income Available for Debt Service to the Annual Service Charge from 2.0 to 1.0 to 1.5 to 1.0, and (iii) reduced in the percentage of Total Unencumbered Assets from 185% to 150% the aggregate principal amount of our Unsecured Debt.  Capitalized terms used in the immediately preceding clauses (i) through (iii) have the meanings ascribed to them in the Indenture.

The Indenture was filed with the Securities and Exchange Commission (the “Commission”) on September 22, 1995 as Exhibit 4.1 to the Company’s Current Report on Form 8-K.  Pursuant to General Instruction F to the Commission’s Form 8-K, a conformed copy of the Supplemental Indenture is incorporated as Exhibit 10.1 to this Current Report on Form 8-K by reference to Exhibit 4.1 to the Operating Partnership’s Current Report on Form 8-K filed with the Commission on July 28, 2006, and is incorporated into this Item 1.01 by this reference.  The above description of the terms of the Indenture and the Supplemental Indenture is qualified in its entirety by reference to the previously filed Indenture and the conformed copy of the Supplemental Indenture incorporated by reference into this Current Report.

2




Item 9.01.              Financial Statements and Other Exhibits

This Report is incorporated by reference into the Company’s registration statement on Form S-3 (Registration Statement No. 33-61361) (the “Registration Statement”), under the Securities Act of 1933, as amended, and, as such, the Company is incorporating by reference the exhibit to this Report to cause it to be incorporated by reference into the Registration Statement as an exhibit thereto.   By filing this Report, and the exhibit hereto, however, the Company does not believe that any of the information set forth herein or in the exhibit hereto represent, either individually or in the aggregate, a “fundamental change” (as such term is used in Item 512(a)(1)(ii) of the Commission’s Regulation S-K) in the information set forth in, and incorporated by reference into, the Registration Statement.

Exhibit Number

 

Description

10.1

 

Twentieth Supplemental Indenture, dated as of July 24, 2006, by and between Duke Realty Limited Partnership and J.P. Morgan Trust Company, National Association (successor in interest to The First National Bank of Chicago) (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K of Duke Realty Limited Partnership, filed with the Commission on July 28, 2006).

 

3




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.

 

DUKE REALTY CORPORATION

 

 

 

 

 

 

 

By:

 

/s/ Matthew A. Cohoat

 

 

 

Name:

Matthew A. Cohoat

 

 

 

Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

 

Date: July 27, 2006

 

 

 

 

 

4



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