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| RSE > SEC Filings for RSE > Form 8-K on 4-Oct-2012 | All Recent SEC Filings |
4-Oct-2012
Entry into a Material Definitive Agreement
On September 28, 2012, Rouse Properties, Inc., a Delaware corporation (the "Company"), amended its $375 million senior secured credit facility, dated January 12, 2012, among the Company and a syndicate of banks, as lenders, and Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, RBC Capital Markets, LLC and U.S. Bank National Association, as joint lead arrangers. Pursuant to the amendment, borrowings under the senior secured credit facility will be priced at LIBOR plus 450 basis points with no LIBOR floor. Previously, the senior secured credit facility had been priced at LIBOR plus 500 basis points, subject to a LIBOR floor of 1.0%. The senior secured credit facility currently has an outstanding balance of $325.1 million, and an undrawn $50 million revolver. The senior secured credit facility matures in January 2015.
A copy of the amendment is attached as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of the amendment is qualified in its entirety by reference to Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
10.1 Second Amendment to Credit Agreement, dated as of
September 28, 2012, among the Company and the lenders
party thereto, and Wells Fargo Bank, National
Association, as administrative agent
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