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):
May 14, 2010
THOMAS PROPERTIES GROUP, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 0-50854 | | 20-0852352 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
515 South Flower Street, Sixth Floor Los Angeles, California | | 90071 |
| (Address of principal executive offices) | | (zip code) |
(Registrant’s telephone number, including area code)
213-613-1900
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:
| ¨ | 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 |
Thomas Properties Group, Inc. (the “Company”) announced today that it has entered into an amendment to its operating agreement for TPG/CalSTRS, LLC, the Company’s joint venture with the California State Teachers’ Retirement System (CalSTRS), providing a commitment of an additional $100 million from CalSTRS, bringing CalSTRS’ total capital commitment to the joint venture to $387.5 million.
The agreement, which was entered into effective as of May 6, 2010 and signed by all parties on May 14, 2010, states that the funds from the additional CalSTRS capital commitment together with an additional capital commitment from the Company of $33.3 million may be used to implement capital improvements, tenant improvements, debt repayments or debt purchases for properties owned by TPG/CalSTRS, LLC, as well as for new investments by the joint venture.
| Item 9.01 | Financial Statements and Exhibits. |
| | |
Exhibit No. | | Description |
| |
| 10.49 — | | Seventh Amendment to the Second Amended and Restated Operating Agreement of TPG/CalSTRS, LLC. |
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.
|
| THOMAS PROPERTIES GROUP, INC. |
|
| /s/ Diana M. Laing |
Diana M. Laing Chief Financial Officer |
May 19, 2010
