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):  June 18, 2010

 

HCP, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

(562) 733-5100

(Registrant’s Telephone Number, Including Area Code)

 

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:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)

 

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 8.01.

Other Events

 

On June 18, 2010, HCP, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several underwriters named therein (the “Representative”), pursuant to which the Company agreed to issue and sell 13,500,000 shares of the Company’s common stock, par value $1.00 per share (“Common Stock”), in an underwritten public offering (the “Offering”). The Company also granted the underwriters an option to purchase 2,025,000 shares of Common Stock exercisable within 30 days of the date of the Underwriting Agreement. Merrill Lynch, Pierce, Fenner & Smith Incorporated; UBS Securities LLC; and Wells Fargo Securities, LLC acted as joint book-running managers for the Offering. Citigroup Global Markets Inc.; Credit Agricole Securities (USA) Inc.; Credit Suisse Securities (USA) LLC; RBS Securities Inc.; Scotia Capital (USA) Inc.; and Deutsche Bank Securities Inc. acted as joint lead managers for the Offering. CSCA Capital Advisors, LLC; KeyBanc Capital Markets Inc.; SunTrust Robinson Humphrey, Inc.; BNY Mellon Capital Markets, LLC; Morgan Keegan & Company, Inc.; and PNC Capital Markets LLC acted as co-managers for the Offering.

 

The Underwriting Agreement is filed as Exhibit 1.1 to this Form 8-K and is incorporated herein by this reference.  The description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.

 

The Company will use the proceeds to repay borrowings under the Company’s revolving credit facility, including borrowings that were applied toward the cash payment of $102 million for the June 1, 2010 acquisition of four senior housing facilities and $71 million in aggregate repayments of mortgage debt, with the remainder to be used for general corporate purposes.

 

The press release announcing the commencement of the Offering is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

 

The press release announcing the pricing of the Offering is filed as Exhibit 99.2 to this report and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

	(d)	Exhibits
	1.1	Underwriting Agreement between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several underwriters, dated June 18, 2010.
	5.1	Opinion of Ballard Spahr LLP relating to the Offering.
	8.1	Opinion of Latham & Watkins LLP regarding tax matters.
	23.1	Consent of Ballard Spahr LLP (included in Exhibits 5.1).
	99.1	Press Release, dated June 17, 2010.
	99.2	Press Release, dated June 18, 2010.
	99.3	Information relating to Item 14 of the Registration Statement on Form S-3 (No. 333-161721).

 

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SIGNATURE

 

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.

 

 

		HCP, INC.
		(Registrant)
Date: June 23, 2010	By:	/s/ Scott A. Anderson
		Scott A. Anderson
		Senior Vice President and Chief Accounting Officer

 

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EXHIBIT INDEX

 

Attached as exhibits to this Current Report on Form 8-K are the documents listed below:

 

Exhibit No.		Description
1.1		Underwriting Agreement between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several underwriters named therein, dated June 18, 2010.
5.1		Opinion of Ballard Spahr LLP relating to the Offering.
8.1		Opinion of Latham & Watkins LLP regarding tax matters.
23.1		Consent of Ballard Spahr LLP (included in Exhibits 5.1).
99.1		Press Release, dated June 17, 2010.
99.2		Press Release, dated June 18, 2010.
99.3		Information relating to Item 14 of the Registration Statement on Form S-3 (No. 333-161721).

 

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