SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------
SCHEDULE 13D/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2
(AMENDMENT NO. 10)
Regency Realty Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
758939 10 2
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(CUSIP Number)
Laura L. Hamilton
Security Capital U.S. Realty
25b, Boulevard Royal
L-2449 Luxembourg
(352) 46 37 562
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 26, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box:
(Continued on following pages)
(Page 1 of 18 Pages)
SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 2 of 18
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1. NAMES OF REPORTING PERSONS
Security Capital U.S. Realty
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 34,273,236
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 34,273,236
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,273,326
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- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.2%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 3 of 18
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1. NAMES OF REPORTING PERSONS
Security Capital Holdings S.A.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 34,273,236
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 34,273,236
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,273,326
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60.2%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 4 of 18
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1. NAMES OF REPORTING PERSONS
Arden Square Holdings Sarl (f/k/a Security Capital Shopping
Center I Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,037,600
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,037,600
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,600
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 5 of 18
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1. NAMES OF REPORTING PERSONS
Blossom Valley Holdings Sarl (f/k/a/ Security Capital
Shopping Center II Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,037,600
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,037,600
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,600
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 6 of 18
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1. NAMES OF REPORTING PERSONS
Cooper Street Plaza Holdings Sarl (f/k/a/ Security Capital
Shopping Center III Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,037,600
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,037,600
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,600
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 7 of 18
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1. NAMES OF REPORTING PERSONS
Dallas Holdings Sarl (f/k/a/ Security Capital Shopping Center IV Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,037,600
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,037,600
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,600
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
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CUSIP No. 758939 10 2 Page 8 of 18
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1. NAMES OF REPORTING PERSONS
El Camino Holdings Sarl (f/k/a/ Security Capital Shopping Center V Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,037,600
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,037,600
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
- ----------------
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,037,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13/A
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CUSIP No. 758939 10 2 Page 9 of 18
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1. NAMES OF REPORTING PERSONS
Friars Mission Holdings Sarl (f/k/a/ Security Capital
Shopping Center VI Sarl)
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
- ---------------- ---- ----------------------------------------------------------
Number of 7. SOLE VOTING POWER
Shares 2,033,828
---- ----------------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By -0-
---- ----------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 2,033,828
---- ----------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
-0-
- ---------------- ---- ----------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,033,828
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
CO
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This Amendment No. 10 is filed by Security Capital U.S. Realty
("SC-U.S. Realty"), a corporation organized and existing under the laws of
Luxembourg, Security Capital Holdings S.A. ("Holdings"), a corporation organized
and existing under the laws of Luxembourg and a wholly owned subsidiary of
SC-U.S. Realty, and Arden Square Holdings Sarl (f/k/a Security Capital Shopping
Center I Sarl), Blossom Valley Holdings Sarl (f/k/a Security Capital Shopping
Center II Sarl), Cooper Street Plaza Holdings Sarl (f/k/a Security Capital
Shopping Center III Sarl), Dallas Holdings Sarl (f/k/a Security Capital Shopping
Center IV Sarl), El Camino Holdings Sarl (f/k/a Security Capital Shopping Center
V Sarl) and Friars Mission Holdings Sarl (f/k/a Security Capital Shopping Center
VI Sarl), each a corporation organized and existing under the laws of Luxembourg
and a wholly owned subsidiary of Holdings (collectively, the "Shopping Center
Subsidiaries"), and amends the Schedule 13D originally filed on June 21, 1996
(as previously amended, the "Schedule 13D"). This Amendment No. 10 relates to
shares of common stock, par value $0.01 per share ("Common Stock"), of Regency
Realty Corporation, a Florida corporation ("Regency"). Capitalized terms used
herein without definition shall have the meanings ascribed thereto in the
Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended by adding the following
thereto:
Security Capital Group Incorporated, a Maryland corporation ("Security
Capital Group"), beneficially owns approximately 40.6% of the outstanding
capital stock of SC-U.S. Realty. On September 26, 2000, SC-U.S. Realty entered
into a Transaction Agreement (the "Transaction Agreement") with Security Capital
Group and SC Realty Incorporated, a Nevada corporation and an indirect wholly
owned subsidiary of Security Capital Group ("SC-Realty"). The Transaction
Agreement provides, among things, for the sale by SC-U.S. Realty of all the
issued and outstanding shares of capital stock of Holdings owned by SC-U.S.
Realty to SC-Realty, all upon the terms and subject to the conditions set forth
in the Transaction Agreement (the "Sale Transaction"). Upon consummation of the
Sale Transaction, Security Capital Group and SC-Realty would, through their
ownership of capital stock of Holdings, beneficially own all of the shares of
Common Stock owned by Holdings directly or beneficially through its ownership of
the capital stock of the Shopping Center Subsidiaries, and SC-U.S. Realty would
cease to beneficially own any shares of Common Stock.
The consummation of the transactions contemplated by the Transaction
Agreement, including the Sale Transaction, is conditioned upon receipt of
required approvals by the stockholders of each of Security Capital Group and
SC-U.S. Realty, clearance under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended, receipt by Security Capital Group of transaction financing
(for which Security Capital Group has received a commitment from two banks),
SC-U.S. Realty stockholders having elected to receive no more than an aggregate
of $200 million cash in lieu of shares of Security Capital Group they would
otherwise receive in a distribution contemplated by the Transaction Agreement,
and other customary conditions.
A copy of the Transaction Agreement is filed as Exhibit 10.1 to this
Schedule 13D and is hereby incorporated herein by reference, and the foregoing
description is qualified in its entirety by reference thereto.
10 of 18 Pages
Separately, on June 14, 2000, Security Capital Group entered into a
letter agreement (the "Security Capital Group Letter Agreement") with Regency,
providing that in the event Security Capital Group or any controlled affiliate
of Security Capital Group that is at least 98% directly or indirectly owned by
Security Capital Group (excluding SC-U.S. Realty and Holdings and any person
already included within the definition of "Investor" in the Stockholders
Agreement filed as Exhibit 2.1 to this Schedule 13D (as heretofore amended, the
"Stockholders Agreement")) should acquire all or substantially all of the Common
Stock owned by Holdings, and provided that, on or prior to such acquisition, no
change of control of Security Capital Group has occurred and Security Capital
Group has not agreed to enter into any transaction that would result in a change
of control of Security Capital Group:
o such an acquisition will not constitute a prohibited transfer under
the provisions of the Stockholders Agreement restricting direct and
indirect transfers of Common Stock or under the articles of
incorporation of Regency (the "Regency Charter");
o Security Capital Group and such affiliates will be bound by, and be
entitled to rights and benefits under, the terms of the Stockholders
Agreement (and any other agreements between Regency and SC-U.S. Realty
or Holdings) to the same extent as an Investor (as defined in the
Stockholders Agreement), and Security Capital Group and such
affiliates will thereafter be treated under the Stockholders Agreement
and any such other agreements as an Investor for all purposes and as a
"Special Shareholder" under the Regency Charter;
o certain restrictions on Regency in the Stockholders Agreement relating
to passive foreign investments will no longer apply; and
o the restrictions on certain actions by Investor under the Stockholders
Agreement, including among others restrictions on purchasing
additional shares of Common Stock, will be extended to January 10,
2003.
In addition, Security Capital Group agreed in the Security Capital
Group Letter Agreement, following any such acquisition, (1) to permit Regency to
submit to Regency shareholders for approval certain amendments to the Regency
Charter reflecting matters covered by the Security Capital Letter Agreement (and
Security Capital Group agreed to vote any shares of Common Stock beneficially
owned by it in favor of such proposal) and (2) that Security Capital's right to
consent to amendments and modifications of the limited partnership agreement of
Regency Centers, L.P. will terminate upon the 15% Termination Date (as defined
in the Stockholders Agreement).
A copy of the Security Capital Group Letter Agreement is filed as
Exhibit 10.2 to this Schedule 13D and is hereby incorporated herein by
reference, and the foregoing description is qualified in its entirety by
reference thereto.
11 of 18 Pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended by adding the following
thereto:
The information provided under Item 4 of this Amendment 10 to the
Schedule 13D is hereby incorporated herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended and restated in its
entirety to read as follows:
Exhibit 1 Name, Business Address, and Present Principal Occupation of Each
Executive Officer and Director of Security Capital U.S. Realty and
of Security Capital Holdings S.A.
Exhibit 2 Stock Purchase Agreement, dated as of June 11, 1996, by and among
Regency Realty Corporation, Security Capital U.S. Realty and
Security Capital Holdings S.A.
Exhibit 3 Joint filing Agreement pursuant to 13d-1(f)(1).
Exhibit 4 Facility Agreement, dated June 12, 1996, by and among Security
Capital U.S. Realty, Security Capital Holdings S.A., Commerzbank
Aktiengesellschaft, as arranger and collateral agent, Commerzbank
International S.A., as administrative agent and the financial
institutions listed in Schedule 1 thereto.
Exhibit 2.1 Stockholders Agreement, dated July 10, 1996, by and among Regency
Realty Corporation, Security Capital Holdings S.A., Security
Capital U.S. Realty and The Regency Group, Inc.
Exhibit 2.2 Registration Rights Agreement, dated July 10, 1996, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
Exhibit 2.1A Amendment No. 1 to Stockholders Agreement, dated as of
February 10, 1997, by and among Regency Realty Corporation,
Security Capital Holdings S.A. and Security Capital U.S. Realty.
Exhibit 3.1 Subscription Agreement, dated as of July 10, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
Exhibit 4.1 Subscription Agreement, dated as of August 6, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
12 of 18 Pages
Exhibit 5.1 Subscription Agreement, dated as of August 28, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
Exhibit 6.1 Subscription Agreement, dated as of December 4, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
Exhibit 6.2 Amendment No. 2 to Stockholders Agreement, dated as of
December 4, 1997, by and among Regency Realty Corporation,
Security Capital Holdings S.A. and Security Capital U.S. Realty.
Exhibit 7.1 Subscription Agreement, dated as of June 29, 1998, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
Exhibit 8.1 Agreement and Plan of Merger dated as of September 23, 1998
between Pacific Retail Trust and Regency Realty Corporation.
Exhibit 8.2 Amendment No. 3 to Stockholders Agreement dated as of
September 23, 1998 between Regency Realty Corporation, Security
Capital U.S. Realty and Security Capital Holdings S.A.
Exhibit 8.3 Shareholder Voting Agreement dated as of September 23, 1998 among
Regency Realty Corporation, Pacific Retail Trust, Security Capital
U.S. Realty and Security Capital Holdings S.A.
Exhibit 8.4 Transfer Restriction Agreement dated as of September 23 1998
between Pacific Retail Trust and Security Capital Holdings S.A.
Exhibit 8.5 Transfer Restriction Agreement dated as of September
23 1998 between Regency Realty Corporation and Security
Capital Holdings S.A.
Exhibit 9.1 Amendment No. 2 to Registration Rights Agreement dated as of
February 28, 1999 between Regency Realty Corporation, Security
Capital U.S. Realty, Security Capital Holdings S.A. and the others
specified in the definition of "Buyer" under the Regency
Registration Rights Agreement.
Exhibit 9.2 Waiver dated as of February 28, 1999 between Security Capital U.S.
Realty, Security Capital Holdings S.A. and Regency Realty
Corporation.
Exhibit 9.3 Information with respect to the Managers of the Shopping Center
Subsidiaries.
Exhibit 9.4 Joint Filing Agreement with Respect to Schedule 13D.
13 of 18 Pages
Exhibit 10.1 Transaction Agreement, dated as of September 26, 2000, among
Security Capital Group Incorporated, SC Realty Incorporated and
Security Capital U.S. Realty (incorporated by reference to
Exhibit 10.1 to the Current Report on Form 8-K filed by
Security Capital Group Incorporated on September 26,
2000).
Exhibit 10.2 Letter Agreement, dated June 14, 2000, between
Security Capital Group Incorporated and Regency Realty
Corporation.
14 of 18 Pages
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
SECURITY CAPITAL U.S. REALTY
By: /s/ Laura L. Hamilton
---------------------------
Name: Laura L. Hamilton
Title: Vice President
September 27, 2000
15 of 18 Pages
EXHIBIT INDEX
Exhibit Description
1 Name, Business Address, and Present Principal Occupation of Each
Executive Officer and Director of Security Capital U.S. Realty and of
Security Capital Holdings S.A.
2* Stock Purchase Agreement, dated as of June 11, 1996, by and among
Regency Realty Corporation, Security Capital U.S. Realty and Security
Capital Holdings S.A.
3* Joint filing Agreement pursuant to 13d-1(f)(1).
4* Facility Agreement, dated June 12, 1996, by and among Security
Capital U.S. Realty, Security Capital Holdings S.A., Commerzbank
Aktiengesellschaft, as arranger and collateral agent, Commerzbank
International S.A., as administrative agent and the financial
institutions listed in Schedule 1 thereto.
2.1* Stockholders Agreement, dated July 10, 1996, by and among Regency
Realty Corporation, Security Capital Holdings S.A., Security Capital
U.S. Realty and The Regency Group, Inc.
2.2* Registration Rights Agreement, dated July 10, 1996, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
2.1A* Amendment No. 1 to Stockholders Agreement, dated as of February 10,
1997, by and among Regency Realty Corporation, Security Capital
Holdings S.A. and Security Capital U.S. Realty.
3.1* Subscription Agreement, dated as of July 10, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
4.1* Subscription Agreement, dated as of August 6, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
- --------------------
* Previously filed
16 of 18 Pages
5.1* Subscription Agreement, dated as of August 28, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
6.1* Subscription Agreement, dated as of December 4, 1997, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
6.2* Amendment No. 2 to Stockholders Agreement, dated as of December 4,
1997, by and among Regency Realty Corporation, Security Capital
Holdings S.A. and Security Capital U.S. Realty.
7.1* Subscription Agreement, dated as of June 29, 1998, by and among
Regency Realty Corporation, Security Capital Holdings S.A. and
Security Capital U.S. Realty.
8.1* Agreement and Plan of Merger dated as of September 23, 1998 between
Pacific Retail Trust and Regency Realty Corporation.
8.2* Amendment No. 3 to Stockholders Agreement dated as of September 23,
1998 between Regency Realty Corporation, Security Capital U.S. Realty
and Security Capital Holdings S.A.
8.3* Shareholder Voting Agreement dated as of September 23, 1998 among
Regency Realty Corporation, Pacific Retail Trust, Security Capital
U.S. Realty and Security Capital Holdings S.A.
8.4* Transfer Restriction Agreement dated as of September 23 1998 between
Pacific Retail Trust and Security Capital Holdings S.A.
8.5* Transfer Restriction Agreement dated as of September 23 1998 between
Regency Realty Corporation and Security Capital Holdings S.A.
9.1* Amendment No. 2 to Registration Rights Agreement dated as of February
28, 1999 between Regency Realty Corporation, Security Capital U.S.
Realty, Security Capital Holdings S.A. and the others specified in
the definition of "Buyer" under the Regency Registration Rights
Agreement.
- --------------------
* Previously filed
17 of 18 Pages
9.2* Waiver dated as of February 28, 1999 between Security Capital U.S.
Realty, Security Capital Holdings S.A. and Regency Realty Corporation.
9.3* Information with respect to the Managers of the Shopping Center
Subsidiaries.
9.4* Joint Filing Agreement with Respect to Schedule 13D.
10.1 Transaction Agreement, dated as of September 26, 2000, among Security
Capital Group Incorporated, SC Realty Incorporated and Security
Capital U.S. Realty (incorporated by reference to Exhibit 10.1 to the
Current Report on Form 8-K filed by Security Capital Group
Incorporated on September 26, 2000).
10.2 Letter Agreement, dated June 14, 2000, between Security Capital Group
Incorporated and Regency Realty Corporation.
- ------------------
* Previously filed.
18 of 18 Pages
Exhibit 1
SECURITY CAPITAL U.S. REALTY AND SECURITY CAPITAL HOLDINGS S.A.
DIRECTORS AND OFFICERS INFORMATION
- ----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
NAME COMPANY POSITION BUSINESS ADDRESS OCCUPATION
- ----------------------------------------------------------------------------------------------------------------------------
Dr. Erich Coenen Security Capital U.S. Realty Director Commerzbank AG Retired
Kaiserplatz
60261 Frankfurt am Main
Germany
- ----------------------------------------------------------------------------------------------------------------------------
Jeffrey A. Cozad Security Capital U.S. Realty Director/Managing Security Capital (UK) Managing Director
Director Management Ltd
Security Capital Holdings S.A. Director/Managing 7 Clifford Street
Director London W1X 2UX
United Kingdom
- ----------------------------------------------------------------------------------------------------------------------------
Claude Kremer Security Capital U.S. Realty Director Arendt & Medernach Attorney/Partner
Security Capital Holdings S.A. Director 8-10 rue Mathias Hardt
B.P. 39.
Luxembourg L-2010
- ----------------------------------------------------------------------------------------------------------------------------
Dr. Jay O. Light Security Capital U.S. Realty Director Harvard University Professor
Security Capital Holdings S.A. Director Graduate School of
Business
Administration
Morgan 490
Soldiers Field School
Boston, MA 02163
United States of America
- ----------------------------------------------------------------------------------------------------------------------------
James Mauck Security Capital U.S. Realty Director RR Donnelly Europe Ltd President
Secuirty Capital Holdings S.A. Director Triport I, 3rd Floor
Evert van de Beekstraat 30
1118 CL Schipol Airport
The Netherlands
- ----------------------------------------------------------------------------------------------------------------------------
Francois Moes Security Capital U.S. Realty Director Banque Internationale a Executive Board
Security Capital Holdings S.A. Director Luxembourg
69, route d'Esch
L-2953 Luxembourg
- ----------------------------------------------------------------------------------------------------------------------------
William D. Sanders Security Capital U.S. Realty Director Security Capital Group Chairman of
Incorporated Security Capital
125 Lincoln Avenue Group and Security
Santa Fe NM 87501 Capital U.S. Realty
United States of America
- ----------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL
NAME COMPANY POSITION BUSINESS ADDRESS OCCUPATION
- ----------------------------------------------------------------------------------------------------------------------------
Susan V.P. Liow Security Capital U.S. Realty Vice President Security Capital (UK)
Security Capital Holdings S.A. Vice President Management Ltd
7 Clifford Street
London W1X 2US
United Kingdom
- ----------------------------------------------------------------------------------------------------------------------------
Mark P. Duke Security Capital U.S. Realty Vice President Security Capital European
Security Capital Holdings S.A. Vice President Services S.A.
25b Boulevard Royal
L-2449 Luxembourg
- ----------------------------------------------------------------------------------------------------------------------------
Laura L. Hamilton Security Capital U.S. Realty Vice President Security Capital (UK)
Security Capital Holdings S.A. Vice President Management Ltd
7 Clifford Street
London W1X 2US
United Kingdom
- ----------------------------------------------------------------------------------------------------------------------------
Exhibit 10.2
[Security Capital Group Incorporated Letterhead]
June 14, 2000
Mr. Martin E. Stein Jr.
Chairman and Chief Executive Officer
Regency Realty Corporation
121 W. Forsyth Street, Suite 200
Jacksonville, FL 32202
Dear Hap:
Reference is made to the Stockholders Agreement, dated as of July 10, 1996,
by and among Regency Realty Corporation, Security Capital Holdings S.A.,
Security Capital U.S. Realty and the Regency Group, Inc. (as amended, the
"Stockholders Agreement"). Capitalized terms used but not defined herein have
the meanings ascribed to such terms in the Stockholders Agreement.
This letter is to confirm your understanding and agreement that in the
event Security Capital Group Incorporated ("Group") or any controlled Affiliate
that is at least 98% directly or indirectly owned by Group (collectively, "SCZ",
but excluding USREALTY and Buyer and any person already included within the
definition of Investor in the Stockholders Agreement) should acquire all or
substantially all the Company Common Stock now owned by Buyer, that
(i) such acquisition will not constitute a Transfer prohibited or
restricted by the Stockholders Agreement (including without
limitation by Section 5.2(a)(ii) or 5.2(a)(vii) of the Stockholders
Agreement or by the Company Charter), but shall instead be permitted
as if SCZ were (and conditioned on and subject to SCZ's undertakings
in paragraphs (v) and (vi) below and its agreement in paragraph (ii)
below to be so treated and bound as) an "Investor" under the
provisions of the Stockholders Agreement (and SCZ shall, from and
after such acquisition, for all purposes of the Stockholders
Agreement, be considered to be an "Investor" thereunder, and a
"Special Shareholder" under the Company Charter);
(ii) SCZ will from and after such acquisition be in all respects bound by
and subject to the terms and conditions of the Stockholders Agreement
(and under any other agreements between the Company and Buyer or
USREALTY) fully and to the same extent as Investor is bound
thereunder (and SCZ does hereby agree to be so bound), shall be
entitled to the same benefits and rights thereunder (and under any
other agreements between the Company and Buyer or USREALTY), and
shall for all purposes be considered to be an "Investor" thereunder;
(iii) from and after such acquisition, clause (x) in the first sentence of
Section 5.1(a) and Section 5.1(b) of the Stockholders Agreement shall
be modified to, in each case, replace the words "the fifth
anniversary of the date hereof" with the words "January 10, 2003";
(iv) the provisions of Sections 6.1(a)(B), 6.1(a)(E), 6.1(b) and 6.2 of
the Stockholders Agreement shall no longer be applicable from and
after such acquisition;
(v) following such acquisition, and notwithstanding anything to the
contrary in the Stockholders Agreement, SCZ agrees to permit the
Company to submit to the shareholders of the Company for their
consideration a proposal to eliminate Sections 5.1(i) and 5.14 of the
Restated Articles of Incorporation of the Company, as amended as of
the date hereof, and SCZ will vote or cause to be voted all shares of
Company Common Stock Beneficially Owned by it in favor of such
proposal; and
(vi) From and after such acquisition, the right of Security Capital (as
defined in the Partnership Agreement) to consent to any amendment to,
or modification or supplement of, the Third Amended and Restated
Agreement of Limited Partnership of Regency Centers, L.P. (the
"Partnership Agreement") pursuant to Section 14.1(f) of the
Partnership Agreement shall terminate upon the 15% Termination Date;
and upon such acquisition, SCZ will, and does hereby agree thereupon
to, consent to an appropriate amendment to the Partnership Agreement
to such effect.
The Company's consent to any such acquisition of Company Common Stock by
SCZ is conditioned on there not having occurred, on or prior to such
acquisition, a "change of control" of Group, as defined below, and Group not
having agreed to engage in any transaction that would result in a change of
control of Group. For purposes of this agreement, "change of control" of Group
shall mean:
(i) any person or group (within the meaning of Section 13(d) or 14(d) of
the Securities Exchange Act of 1934, as amended) who is not already
such an owner as of the date of this letter becomes, directly or
indirectly, the beneficial owner of voting securities of Group
entitled to cast 20% or more of the votes entitled to be cast in
respect of the election of directors of Group by all outstanding
voting securities of Group;
(ii) the sale, lease or other transfer of all or substantially all of the
consolidated assets of Group to any unrelated person or group; or
(iii) Group's consolidation with or merger with or into any person if
immediately following the consummation of such transaction persons
owning a majority of the voting securities of Group outstanding prior
to such transaction cease to own a majority of the voting securities
of Group or the surviving corporation in such transaction.
Each of the parties to this letter agree that, from time to time, each of
them will take such actions as may be necessary or reasonably requested by the
other party to carry out the purposes and intents hereof. This letter may be
amended, modified, superseded, cancelled, renewed or extended only by a written
instrument signed by the party to be charged therewith.
If you are in agreement with the foregoing, please sign below to indicate
your understanding and agreement regarding this matter.
Sincerely,
SECURITY CAPITAL GROUP
INCORPORATED
/s/ Paul E. Szurek
Paul E. Szurek
Chief Financial Officer
Agreed and Acknowledged:
REGENCY REALTY CORPORATION
By: /s/ Bruce M. Johnson
Name: Bruce M. Johnson
Title: Managing Director and
Chief Financial Officer
