SEC Filings


Form 8-K
COLONY NORTHSTAR, INC. filed this Form 8-K on 08/28/2017
Document Outline
Entire Document (7770 KB)
Subdocument 1 - 8-K - FORM 8-K
Page 1 - UNITED STATES
Page 2 - Item 1.01. Entry into a Material Definitive Agreement
Page 3 - N/A
Page 4 - N/A
Page 5 - N/A
Page 6 - N/A
Page 7 - Item 8.01 Other Events.
Page 8 - Contacts:
Page 9 - Item 9.01. Financial Statements and Exhibits.
Page 10 - SIGNATURES
Page 11 - EXHIBIT INDEX
Subdocument 2 - EX-2.1 - EXHIBIT 2.1
Page 1 - Exhibit 2.1
Page 2 - TABLE OF CONTENTS
Page 3 - N/A
Page 4 - N/A
Page 5 - MASTER COMBINATION AGREEMENT, dated as of August 25, 2017 (this Agreement ), is made by and among (i
Page 6 - Nova II Merger and together with the Nova I Merger, the REIT Mergers ), with Newco as the surviving
Page 7 - Nova II Board Recommendation ), and to include such recommendation in the Proxy Statement.
Page 8 - ARTICLE I
Page 9 - Constellation OP Subsidiary means any Subsidiary of Constellation OP.
Page 10 - Contributed Entity Material Contract has the meaning assigned in Section 4.03(j)(2).
Page 11 - Contributed Entity Tax Protection Agreements means any agreement to which a Contributed Entity or an
Page 12 - Equity Interest means, with respect to any entity, any share, capital stock, partnership, member or
Page 13 - Indebtedness of any person means (a) indebtedness created, issued or incurred by such person for bor
Page 14 - Law means any federal, state, local or foreign law, statute or ordinance, or common law, or any rule
Page 15 - Newco Class B-3 Common Stock means the Class B-3 Common Stock, par value $0.01 per share, of Newco.
Page 16 - Nova I Environmental Permits has the meaning assigned in Section 4.01(z).
Page 17 - Nova I Material Contract has the meaning assigned in Section 4.01(l)(2).
Page 18 - Nova I Preferred Stock means the Preferred Stock, par value $0.01 per share, of Nova I.
Page 19 - Nova I Termination Fee means an amount of cash equal to (a) $21,709,624 solely in the event that the
Page 20 - Nova II Common Stock means, collectively, the Nova II Class A Common Stock and the Nova II Class T C
Page 21 - Nova II Material Contract has the meaning assigned in Section 4.02(l)(2).
Page 22 - Nova II Principal MBS Agreements has the meaning assigned in Section 4.02(o).
Page 23 - Nova II Termination Fee means an amount of cash equal to (a) $20,785,294 solely in the event that th
Page 24 - person means an individual, corporation (including not-for-profit), general or limited partnership,
Page 25 - RED REIT Contribution has the meaning assigned in the Recitals.
Page 26 - Subsidiary means, with respect to a person, an entity in which such person controls, directly or ind
Page 27 - Triggering Party has the meaning assigned in Section 8.06(y).
Page 28 - ARTICLE II
Page 29 - The Mergers.
Page 30 - Equity Consideration. In consideration for the Newco Contribution, Newco OP shall issue to Newco at
Page 31 - Nova II Merger Effective Time ).
Page 32 - Conversion of Nova I Common Stock.
Page 33 - Conversion of Nova II Common Stock.
Page 34 - Redemption and Conversion of Nova I OP Units and Nova II OP Units.
Page 35 - No Fractional Shares. Notwithstanding anything in this Agreement to the contrary, no fractional shar
Page 36 - Newco OP Operating Agreement ).
Page 37 - Payment of Dividends. Prior to the Applicable Effective Time, Nova I and Nova II shall deposit, or s
Page 38 - N/A
Page 39 - ARTICLE IV
Page 40 - Significant Subsidiaries. Section 4.01(c) of the Nova I Disclosure Letter sets forth as of the date
Page 41 - Approvals; No Defaults.
Page 42 - Nova I SEC Documents and Nova I Financial Statements.
Page 43 - N/A
Page 44 - Absence of Certain Changes. Since December 31, 2016 through the date of this Agreement, Nova I and t
Page 45 - Material Contracts; Defaults.
Page 46 - Nova I Material Contract ; provided, that no agreement, contract, commitment or understanding with r
Page 47 - N/A
Page 48 - N/A
Page 49 - N/A
Page 50 - Mortgage Backed Securities. Section 4.01(o) of the Nova I Disclosure Letter sets forth a list of the
Page 51 - PE Investments. Section 4.01(q) of the Nova I Disclosure Letter sets forth a list of the Equity Inte
Page 52 - Nova I PE Investment Agreements ) that are in Nova I s possession, custody or control.
Page 53 - Nova I Major Leases ). Nova I has made available to each of the Other Parties complete and correct c
Page 54 - Investment Company Act. Neither Nova I nor any of the Nova I Subsidiaries is, or on the Closing Date
Page 55 - Takeover Laws. The Nova I Board has taken all action necessary to render inapplicable to the Mergers
Page 56 - Capitalization.
Page 57 - Power and Authority. Each Nova II Party and each Nova II Subsidiary has the corporate (or comparable
Page 58 - Approvals; No Defaults.
Page 59 - Nova II Financial Statements ) (1) complied or will comply, as the case may be, as to form in all ma
Page 60 - Absence of Certain Changes. Since December 31, 2016 through the date of this Agreement, Nova II and
Page 61 - No Undisclosed Liabilities. Except (i) as reflected or adequately reserved against on the consolidat
Page 62 - Nova II Material Contract. Except as has not resulted in, and would not reasonably be expected to re
Page 63 - Employees. Nova II and each Nova II Subsidiary currently has no, and has never had, any employees.
Page 64 - N/A
Page 65 - N/A
Page 66 - Mortgage Backed Securities. Section 4.02(o) of the Nova II Disclosure Letter sets forth a list of th
Page 67 - Loans.
Page 68 - PE Investments. Section 4.02(q) of the Nova II Disclosure Letter sets forth a list of the Equity Int
Page 69 - Intellectual Property. Nova II and the Nova II Subsidiaries have sufficient rights to use all materi
Page 70 - N/A
Page 71 - Investment Company Act. Neither Nova II nor any of the Nova II Subsidiaries is, or on the Closing Da
Page 72 - Environmental Matters. Except as has not resulted in, and would not reasonably be expected to result
Page 73 - Due Authorization and Execution.
Page 74 - Contributed Entities.
Page 75 - Financial Statements. Attached as Section 4.03(f) of the Constellation OP Disclosure Letter are copi
Page 76 - No Undisclosed Liabilities. Except (i) as reflected or adequately reserved against on the consolidat
Page 77 - Material Contracts; Defaults.
Page 78 - Allocation Policy ) as of the date hereof; or
Page 79 - Employees. None of the Contributed Entities or any Contributed Entity Subsidiaries have, or have eve
Page 80 - N/A
Page 81 - Mortgage Backed Securities. Section 4.03(m) of the Constellation OP Disclosure Letter sets forth a l
Page 82 - Contributed Entity Principal MBS Agreements ) or (2) has received any notice of any default by any m
Page 83 - PE Investments. Section 4.03(o) of the Constellation OP Disclosure Letter sets forth a list of the E
Page 84 - Contributed Entity PE Investment Agreements ) that are in Constellation OP s, RED REIT s or a Contri
Page 85 - Contributed Entity Major Leases ). Constellation OP has made available to each of the Other Parties
Page 86 - Information Supplied. None of the information supplied or to be supplied in writing by or on behalf
Page 87 - Environmental Matters. Except as has not resulted in, and would not reasonably be expected to result
Page 88 - Power and Authority. Each Newco Party has the corporate (or comparable) power and authority to execu
Page 89 - Financial Advisors. Subject to Section 9.06, neither Newco nor any of its directors, officers or emp
Page 90 - No Other Representations or Warranties.
Page 91 - ARTICLE V
Page 92 - Extraordinary Dividends and shall be taken into account in determining any adjustments to the Nova I
Page 93 - Adverse Actions. Notwithstanding anything herein to the contrary (except in accordance with Sections
Page 94 - Debt. Except for intercompany Indebtedness, incur any Indebtedness for borrowed money, or guarantee
Page 95 - Ordinary Course. Conduct its business and the business of its Subsidiaries other than in the ordinar
Page 96 - Organizational Documents. Amend the Organizational Documents of any Contributed Entity.
Page 97 - Taxes. Take any action that could, or fail to take any action, the failure of which could, reasonabl
Page 98 - Organizational Documents. Amend the Organizational Documents of any Contributed Entity.
Page 99 - No Control of Other Party s Business. Without limiting in any way any party s rights or obligations
Page 100 - No Solicitation or Negotiation.
Page 101 - N/A
Page 102 - No Change of Recommendation. Except as expressly provided in Sections 6.01(d), 6.01(e) and 8.03(d),
Page 103 - Nova I Change of Recommendation ).
Page 104 - Certain Permitted Disclosure. Nothing contained in this Agreement shall prevent Nova I or the Nova I
Page 105 - Nova II Go Shop Bidder shall mean any person (including its controlled Affiliates and Representative
Page 106 - N/A
Page 107 - N/A
Page 108 - No Change of Recommendation. Except as expressly provided in Sections 6.02(d), 6.02(e) and 8.04(d),
Page 109 - Nova II Notice Period )), which notice shall specify in reasonable detail the reasons for such actio
Page 110 - Preparation of the Form S-4 and the Proxy Statement.
Page 111 - N/A
Page 112 - Stockholders Meetings.
Page 113 - Preparation of the Form S-11; Listing Process.
Page 114 - Actions.
Page 115 - Transaction Litigation ), such party against whom the action or proceeding has been brought (or that
Page 116 - Press Releases. Each party will consult with the Other Parties before issuing any press release or o
Page 117 - Takeover Laws and Provisions. Each party shall not, and shall cause its respective Subsidiaries and
Page 118 - D O Insurance ) with benefits and levels of coverage at least as favorable as Nova I s and Nova II s
Page 119 - Notification of Certain Matters. Each of the Nova I Parties shall give prompt notice to the Other Pa
Page 120 - Certain Tax Matters.
Page 121 - Nova I Asset Disposition.
Page 122 - Applicable Party means (i) Nova I if its Leakage Percentage is greater than Nova II s Leakage Percen
Page 123 - Constellation Special Dividend means a distribution in cash in respect of Newco s shares in an amoun
Page 124 - Measurement Period means the period beginning on July 1, 2017 and ending on the day immediately prio
Page 125 - Conditions to Nova I s Obligation. Nova I s obligation to consummate the Nova I Merger is also subje
Page 126 - Performance of Constellation Parties Obligations. All of the covenants and other agreements required
Page 127 - Section 368 Opinion. Nova I shall have received the written opinion of Alston Bird LLP (or other cou
Page 128 - Performance of Nova I Parties Obligations. All of the covenants and other agreements required by thi
Page 129 - Constellation Parties and Newco Parties Representations and Warranties. The representations and warr
Page 130 - Section 368 Opinion. Nova II shall have received the written opinion of Greenberg Traurig LLP (or ot
Page 131 - Nova I Parties Certificate. Constellation OP and Newco shall have received at the Closing a certific
Page 132 - Section 351 Opinion. Constellation OP shall have received the written opinion of Hogan Lovells US LL
Page 133 - Ownership Waiver. Constellation OP and Newco shall have entered into an ownership waiver letter in a
Page 134 - ARTICLE VIII
Page 135 - Termination by Nova II. This Agreement may be terminated by Nova II, and the Constellation OP Contri
Page 136 - Termination by Constellation OP. This Agreement may be terminated by Constellation OP, and the Const
Page 137 - Effect of Termination and Abandonment.
Page 138 - N/A
Page 139 - N/A
Page 140 - N/A
Page 141 - N/A
Page 142 - Qualifying Income ), and Nova II has income from unknown sources during such year in an amount equal
Page 143 - N/A
Page 144 - N/A
Page 145 - N/A
Page 146 - Termination Event ) and either Nova I or Nova II receives a termination fee pursuant to this Section
Page 147 - Special Committee; Termination Right. Notwithstanding anything herein to the contrary, any terminati
Page 148 - Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COU
Page 149 - Notices. All notices, requests and other communications given or made under this Agreement must be i
Page 150 - N/A
Page 151 - Entire Understanding; No Third Party Beneficiaries. All Exhibits (attached hereto and as executed),
Page 152 - IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized o
Page 153 - N/A
Page 154 - N/A
Page 155 - EXHIBIT A
Page 156 - N/A
Page 157 - N/A
Page 158 - N/A
Page 159 - N/A
Page 160 - N/A
Page 161 - N/A
Page 162 - N/A
Page 163 - N/A
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Page 165 - N/A
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Page 167 - N/A
Page 168 - N/A
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Page 170 - N/A
Page 171 - N/A
Page 172 - N/A
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Page 174 - N/A
Page 175 - N/A
Page 176 - N/A
Page 177 - N/A
Page 178 - N/A
Page 179 - N/A
Page 180 - N/A
Page 181 - N/A
Page 182 - N/A
Page 183 - N/A
Page 184 - N/A
Page 185 - N/A
Page 186 - N/A
Page 187 - N/A
Page 188 - N/A
Page 189 - N/A
Page 190 - N/A
Page 191 - N/A
Page 192 - N/A
Page 193 - N/A
Page 194 - N/A
Page 195 - N/A
Page 196 - N/A
Page 197 - Exhibit A
Page 198 - EXHIBIT B
Page 199 - except as may be provided by the Board of Directors in setting the terms of any class or series of s
Page 200 - N/A
Page 201 - N/A
Page 202 - ARTICLE VI
Page 203 - N/A
Page 204 - ARTICLE VII
Page 205 - N/A
Page 206 - N/A
Page 207 - N/A
Page 208 - N/A
Page 209 - N/A
Page 210 - N/A
Page 211 - N/A
Page 212 - ARTICLE VIII
Page 213 - N/A
Page 214 - EXHIBIT C
Page 215 - N/A
Page 216 - N/A
Page 217 - N/A
Page 218 - N/A
Page 219 - N/A
Page 220 - provided that the special meeting has been called in accordance with Section 3(a) of this Article II
Page 221 - N/A
Page 222 - ARTICLE III
Page 223 - N/A
Page 224 - N/A
Page 225 - ARTICLE IV
Page 226 - N/A
Page 227 - ARTICLE VI
Page 228 - ARTICLE VII
Page 229 - ARTICLE VIII
Page 230 - ARTICLE XI
Page 231 - ARTICLE XIV
Page 232 - EXHIBIT D
Page 233 - TABLE OF CONTENTS
Page 234 - N/A
Page 235 - N/A
Page 236 - AMENDED AND RESTATED
Page 237 - ARTICLE 1
Page 238 - N/A
Page 239 - N/A
Page 240 - N/A
Page 241 - N/A
Page 242 - N/A
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Page 259 - N/A
Page 260 - ARTICLE 2
Page 261 - N/A
Page 262 - ARTICLE 3
Page 263 - N/A
Page 264 - N/A
Page 265 - N/A
Page 266 - ARTICLE 4
Page 267 - N/A
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Page 279 - N/A
Page 280 - ARTICLE 5
Page 281 - N/A
Page 282 - ARTICLE 6
Page 283 - N/A
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Page 287 - ARTICLE 7
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Page 300 - ARTICLE 8
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Page 303 - ARTICLE 9
Page 304 - ARTICLE 10
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Page 307 - ARTICLE 11
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Page 314 - ARTICLE 12
Page 315 - N/A
Page 316 - ARTICLE 13
Page 317 - N/A
Page 318 - N/A
Page 319 - ARTICLE 14
Page 320 - N/A
Page 321 - ARTICLE 15
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Page 332 - N/A
Page 333 - N/A
Page 334 - N/A
Page 335 - N/A
Page 336 - EXHIBIT A: EXAMPLES REGARDING ADJUSTMENT FACTOR
Page 337 - EXHIBIT B: NOTICE OF REDEMPTION
Page 338 - N/A
Page 339 - EXHIBIT C: MEMBER NOTICE OF LTIP CONVERSION ELECTION
Page 340 - EXHIBIT D: COMPANY NOTICE OF LTIP CONVERSION ELECTION
Page 341 - SCHEDULE I
Page 342 - SCHEDULE II
Page 343 - EXHIBIT E(1)
Page 344 - N/A
Page 345 - EXHIBIT E(2)
Page 346 - N/A
Page 347 - EXHIBIT F
Page 348 - N/A
Page 349 - EXHIBIT G
Page 350 - EXHIBIT H
Page 351 - N/A
Page 352 - ARTICLE II
Page 353 - ARTICLE IV
Page 354 - N/A
Page 355 - N/A
Page 356 - N/A
Page 357 - N/A
Page 358 - EXHIBIT I
Page 359 - ARTICLE I
Page 360 - N/A
Page 361 - Schedule A hereto held by Holdco immediately prior to the date of this Agreement.
Page 362 - ARTICLE II
Page 363 - N/A
Page 364 - ARTICLE III
Page 365 - ARTICLE IV
Page 366 - ARTICLE V
Page 367 - N/A
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Page 369 - ARTICLE VI
Page 370 - ARTICLE VII
Page 371 - N/A
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Page 374 - ARTICLE VIII
Page 375 - N/A
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Page 377 - ARTICLE IX
Page 378 - N/A
Page 379 - ARTICLE XI
Page 380 - ARTICLE XII
Page 381 - N/A
Page 382 - N/A
Page 383 - APPENDIX A
Page 384 - N/A
Page 385 - N/A
Subdocument 3 - EX-99.1 - EXHIBIT 99.1
Page 1 - Exhibit 99.1
Page 2 - Transaction Structure
Page 3 - Advisors
Page 4 - Cautionary Statement Regarding Forward-Looking Statements
Page 5 - Contacts:
Page 6 - No Offer or Solicitation
Subdocument 4 - EX-99.2 - EXHIBIT 99.2
Page 1 - N/A
Page 2 - N/A
Page 3 - N/A
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Shareholder Contact Information

Investor Relations

Lasse Glassen
ADDO Communications
310.829.5400
lglassen@addoir.com

Press & Media

Caroline Luz
Owen Blicksilver P.R., Inc.
203.656.2829
caroline@blicksilverpr.com

Stock & Transfer Agent

American Stock & Transfer
Trust Company
800.937.5449
www.amstock.com/main/