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): October 31, 2005
MISSION WEST PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
Maryland Commission File Number: 95-2635431
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(State or other jurisdiction of (I.R.S. Employer
incorporation) Identification No.)
10050 Bandley Drive, Cupertino, CA 95014
(Address of principal executive offices)
(408) 725-0700
(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 satisy 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 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
On October 26, 2005, the independent directors committee of the board of
directors of Mission West Properties, Inc. (the "Company") approved the
termination of the $20 million line of credit agreement between the Company and
the Berg Group (as defined in the Company's previously filed periodic reports),
effective October 31, 2005. The Berg Group line of credit was originally
scheduled to mature in March 2006. Based on existing cash reserves and credit
facilities, the Company has determined that it no longer foresees a need for the
Berg Group line of credit. There are no borrowings currently outstanding under
the Berg Group line of credit. The Company will not incur any fees or charges
for terminating the Berg Group line of credit.
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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.
MISSION WEST PROPERTIES, INC.
Dated: October 31, 2005 By: /s/ Carl E. Berg
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Carl E. Berg
Chief Executive Officer
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