SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 2002
RECKSON ASSOCIATES REALTY CORP.
and
RECKSON OPERATING PARTNERSHIP, L.P.
(Exact name of each Registrant as specified in its Charter)
Reckson Associates Realty Corp.-Maryland
Reckson Operating Partnership, L.P.-Delaware
(State of incorporation or organization)
Reckson Associates Realty Corp.-1-13762 Reckson Associates Realty Corp.
Reckson Operating Partnership, L.P. -1-13762 11-3233650
(Commission File Number) Reckson Operating Partnership, L.P.
11-3233647
(IRS Employer Id. Number)
225 Broadhollow Road 11747
Melville, New York (Zip Code)
(Address of principal executive offices)
(631) 694-6900
(Registrant's telephone number, including area code)
Item 5. Other Events
On June 17, 2002, Reckson Operating Partnership L.P. (the "Operating
Partnership"), a subsidiary of Reckson Associates Realty Corp. (the
"Company"), issued $50,000,000 aggregate principal amount of its 6.00% senior
unsecured notes due 2007 (the "Notes") in a public offering through Wachovia
Securities, Inc. (formerly First Union Securities, Inc.), as underwriter,
pursuant to an underwriting agreement, dated June 11, 2002 and related terms
agreement, dated June 11, 2002. Interest on the notes is payable semi-annually
on June 15 and December 15. The Notes mature on June 15, 2007. The Notes were
priced at 99.465% of par value to yield 6.126%, a spread of 180 basis points
above the five-year treasury rate. The Operating Partnership will use the net
proceeds of the offering to reduce borrowings under its revolving credit
facility.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
1.1 Underwriting Agreement, dated June 11, 2002, between the
Operating Partnership and First Union Securities, Inc.
1.2 Terms Agreement, dated June 11, 2002, between the Operating
Partnership and First Union Securities, Inc.
4.1 Form of 6.00% Note due 2007 of the Operating Partnership.
4.2 Indenture, dated March 26, 1999, among the Operating
Partnership, the Company and The Bank of New York, as
trustee.*
5 Opinion of Sidley Austin Brown & Wood LLP as to the legality
of the Notes.
______________________
* Previously filed as an exhibit to the Registrant's registration
statement on Form S-3 (File No. 333-67129).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RECKSON ASSOCIATES REALTY CORP.
By: /s/ Michael Maturo
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Michael Maturo
Executive Vice President and
Chief Financial Officer
RECKSON OPERATING PARTNERSHIP, L.P.
By: Reckson Associates Realty Corp.,
its General Partner
By: /s/ Michael Maturo
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Michael Maturo
Executive Vice President
and Chief Financial Officer
Date: June 18, 2002
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