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Quotes & Info
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| CBL > SEC Filings for CBL > Form 8-K on 6-Feb-2013 | All Recent SEC Filings |
6-Feb-2013
Entry into a Material Definitive Agreement, Creation of a Direct
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.
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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