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CBL > SEC Filings for CBL > Form 8-K on 6-Feb-2013All Recent SEC Filings

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Form 8-K for CBL & ASSOCIATES PROPERTIES INC


6-Feb-2013

Entry into a Material Definitive Agreement, Creation of a Direct


Item 1.01 Entry into a Material Definitive Agreement.

The information set forth under Item 2.03, "Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant" is incorporated herein by reference.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

On January 31, 2013, CBL & Associates Limited Partnership (the "Operating Partnership"), the operating partnership of CBL & Associates Properties, Inc. (the "Company"), entered into amendments to each of its $600.0 million credit facilities. The amendments to each facility (i) modified the process and required documentation for adding applicable subsidiaries of the Operating Partnership as guarantors of each credit facility and (ii) revised the method of determining unencumbered net operating income ("NOI") for the purpose of calculating the ratio of unencumbered NOI to unsecured interest expense to more accurately reflect the Operating Partnership's compliance with such ratio. Apart from these amendments, the terms of each facility remain as described in the Company's Current Report on Form 8-K dated November 13, 2012 and filed with the SEC on November 19, 2012. Wells Fargo Bank, NA serves as administrative agent for the lender group of each facility. The Company has customary corporate and commercial banking relationships with several of the lenders as well as with the administrative agent.
The amendments to the credit facility agreements will be filed as exhibits to the Company's periodic reports not later than the due date for the Form 10-K for the year ended December 31, 2012.


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