SEC Company Response from SPIRIT FINANCE CORP (CIK 0001277406) — Dec 14, 2004
SPIRIT FINANCE CORP (CIK 0001277406)
Date: Dec. 14, 2004 · CIK: 0001277406 · Accession: 0001047469-04-037077
AI Filing Summary & Sentiment
File numbers found in text: 333-119810
Referenced dates: December 14, 2004
Letter
VIA EDGAR Division of Corporation Finance Re:Spirit Finance Corporation Registration Statement on Form S-11 Supplemental Response Commission File No. 333-119810
Dear Mr. Pinkerton:
On behalf of Spirit Finance Corporation (the "Company"), we are filing herewith the Company's responses to the comments of the Staff of the Securities and Exchange Commission (the "Staff") set forth in its letter dated December 14, 2004 (the "Comment Letter"), relating to the filing of Pre-Effective Amendment No. 3 to the Registration Statement, filed on December 13, 2004. The responses below are numbered to correspond to the numbered comments in the Staff's Comment Letter. Terms not otherwise defined herein are used with the same meaning as used in the Registration Statement.
1.Please supplementally tell us whether and to what extent the electronic offering procedures described in your supplemental materials were utilized prior to being cleared by staff.
Bank of America Securities LLC ("BAS") has informed us that in connection with the Company's offering, it has utilized the iDeal Prospectus Delivery system to transmit to certain BAS customers the preliminary prospectus dated December 1, 2004. As noted in the prior responses to the Staff, BAS has informed us that it is not relying on iDeal for its prospectus delivery requirements and sends each such customer a hard copy of each of the preliminary and final prospectus.
2.Your materials appear to indicate that iDeal is being used to deliver documents on behalf of Banc of America. However, the materials (page 5) include a reference to Merrill Lynch. It appears that this reference may be related to a different transaction and was inadvertently included in this submission. Please supplementally confirm that you only intend to use iDeal on behalf of Banc of America.
The information was inadvertently included in the submission. The Company supplementally confirms that iDeal is being used only on behalf of BAS in this offering.
3.We refer to page 5 of the submission ("Email notification to investor community"). The third paragraph contains a statement disclaiming liability for any differences in the electronic prospectus from the paper copy. Please revise this so that it is limited to differences caused by viruses on the investor's computer.
BAS has informed us that its customers did not receive this generic disclaimer page because BAS is not relying on iDeal to satisfy its prospectus delivery requirements. In lieu of the information on page 5, customers receive the following message: "The preliminary prospectus for the upcoming offering by Spirit Finance Corporation is now available from Banc of America Securities. Electronic access to the preliminary prospectus is being provided to you as matter of convenience only. In addition to the electronic version, a hardcopy of the preliminary prospectus has been or will be delivered to you." BAS has previously provided to the Staff the global consent to electronic delivery, which were completed by the customers who received the iDeal preliminary prospectus. BAS does not plan to use iDeal to transmit any final prospectuses in connection with the Company's offering.
In the future, if BAS includes the information on page 5, it has informed us it will comply with the Staff's comment.
4.We refer to the fourth paragraph on page 5 of the submission which provides that the investor consents to electronic delivery of "this preliminary prospectus and any amended offering documents posted on the linked website." Please supplementally confirm that you will email separate notices to investors informing them of the posting of amendments.
BAS has confirmed to us that it will email separate notices to investors as requested.
5.We refer to pages 9-15 of the submission. Please supplementally confirm that these pages will only be available to the bank, iDeal's client.
BAS has confirmed to us that these pages are only available to BAS.
If you have any questions regarding this filing, please do not hesitate to contact the undersigned or Paul E. Belitz of this office.
Sincerely,
/s/
Michael J. Zieg
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CORRESP
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filename1.htm
KUTAK ROCK LLP
SUITE 3100
1801 CALIFORNIA STREET
DENVER, COLORADO 80202-2658
303-297-2400
FACSIMILE 303-292-7799
www.kutakrock.com
ATLANTA
CHICAGO
DES MOINES
FAYETTEVILLE
IRVINE
KANSAS CITY
LINCOLN
LITTLE ROCK
OKLAHOMA CITY
OMAHA
PASADENA
RICHMOND
SCOTTSDALE
WASHINGTON
December 14,
2004
VIA EDGAR
Mr. Owen
Pinkerton
Senior Counsel
U.S. Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C. 20549
Re:Spirit
Finance Corporation
Registration Statement on Form S-11
Supplemental Response
Commission File No. 333-119810
Dear
Mr. Pinkerton:
On
behalf of Spirit Finance Corporation (the "Company"), we are filing herewith the Company's responses to the comments of the Staff of the Securities and Exchange Commission (the
"Staff") set forth in its letter dated December 14, 2004 (the "Comment Letter"), relating to the filing of Pre-Effective Amendment No. 3 to the Registration Statement, filed
on December 13, 2004. The responses below are numbered to correspond to the numbered comments in the Staff's Comment Letter. Terms not otherwise defined herein are used with the same meaning as
used in the Registration Statement.
1.Please supplementally tell us whether and to what extent the electronic offering procedures described in your supplemental materials were utilized prior to
being cleared by staff.
Bank
of America Securities LLC ("BAS") has informed us that in connection with the Company's offering, it has utilized the iDeal Prospectus Delivery system to transmit to certain BAS customers the
preliminary prospectus dated December 1, 2004. As noted in the prior responses to the Staff, BAS has informed us that it is not relying on iDeal for its prospectus delivery requirements and
sends each such customer a hard copy of each of the preliminary and final prospectus.
2.Your materials appear to indicate that iDeal is being used to deliver documents on behalf of Banc of America. However, the materials (page 5) include a
reference to Merrill Lynch. It appears that this reference may be related to a different transaction and was inadvertently included in this submission. Please supplementally confirm that you only
intend to use iDeal on behalf of Banc of America.
The
information was inadvertently included in the submission. The Company supplementally confirms that iDeal is being used only on behalf of BAS in this offering.
3.We refer to page 5 of the submission ("Email notification to investor community"). The third paragraph contains a statement disclaiming liability for any
differences in the electronic prospectus from the paper copy. Please revise this so that it is limited to differences caused by viruses on the investor's computer.
BAS
has informed us that its customers did not receive this generic disclaimer page because BAS is not relying on iDeal to satisfy its prospectus delivery requirements. In lieu of the
information on page 5, customers receive the following message: "The preliminary prospectus for the upcoming offering by Spirit Finance Corporation is now available from Banc of America
Securities. Electronic access to the preliminary prospectus is being provided to you as matter of convenience only. In addition to the electronic version, a hardcopy of the preliminary prospectus has
been or will be delivered to you." BAS has previously provided to the Staff the global consent to electronic delivery, which were completed by the customers who received the iDeal preliminary
prospectus. BAS does not plan to use iDeal to transmit any final prospectuses in connection with the Company's offering.
In
the future, if BAS includes the information on page 5, it has informed us it will comply with the Staff's comment.
4.We refer to the fourth paragraph on page 5 of the submission which provides that the investor consents to electronic delivery of "this preliminary
prospectus and any amended offering documents posted on the linked website." Please supplementally confirm that you will email separate notices to investors informing them of the posting of
amendments.
BAS
has confirmed to us that it will email separate notices to investors as requested.
5.We refer to pages 9-15 of the submission. Please supplementally confirm that these pages will only be available to the bank, iDeal's
client.
BAS
has confirmed to us that these pages are only available to BAS.
If
you have any questions regarding this filing, please do not hesitate to contact the undersigned or Paul E. Belitz of this office.
Sincerely,
/s/
Michael J. Zieg
Michael
J. Zieg
CC:Karen
Garnett
Deborah Willson
Donna DiSilvio
Amanda McManus