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COR > SEC Filings for COR > Form 8-K on 28-Jun-2013All Recent SEC Filings

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Form 8-K for CORESITE REALTY CORP


28-Jun-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financial O


Item 1.01. Entry into a Material Definitive Agreement.

The description of the Joinder Agreements described below under Item 2.03 is incorporated in this Item 1.01 by reference. Copies of the Joinder Agreements are filed as Exhibits 10.1 and 10.2 to this Form 8-K and are 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.

As previously disclosed, on January 3, 2013, CoreSite, L.P. (the operating partnership of CoreSite Realty Corporation), as parent borrower, and certain subsidiary co-borrowers entered into a second amended and restated unsecured revolving credit facility with a group of lenders for which KeyBank National Association acts as the administrative agent (the "Credit Agreement"). Under the terms of the Credit Agreement, the borrowers thereunder may, at their option, increase the aggregate amount of borrowings under the revolving credit facility to increase the total commitments by $145.0 million, to $500.0 million, without the consent of any lenders not participating in such increase, subject to certain customary conditions and lenders committing to provide the increase in funding (the "Accordion").

Effective as of June 28, 2013, the borrowers under the Credit Agreement partially exercised the Accordion to increase the aggregate commitments under the Credit Agreement by $50.0 million (the "Accordion Exercise"). As a result of the Accordion Exercise, the borrowing capacity under the Credit Agreement increased from $355.0 million to $405.0 million. All other terms of the Credit Agreement remain unchanged. In order to provide the additional commitments in connection with the Accordion Exercise, two additional lenders (the "Additional Members") executed joinder agreements (the "Joinder Agreements") effective June 28, 2013, relating to the Credit Agreement, to include the Additional Members in the lending group thereunder, thereby increasing commitments under the Credit Agreement to $405.0 million.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.                           Description of Exhibit

   10.1        Joinder Agreement, dated as of June 28, 2013, among CoreSite, L.P., a
               Delaware limited partnership, the subsidiary borrowers party thereto,
               Toronto Dominion (Texas) LLC and KeyBank National Association, as
               administrative agent for the lenders thereunder.

   10.2        Joinder Agreement, dated as of June 28, 2013, among CoreSite, L.P., a
               Delaware limited partnership, the subsidiary borrowers party thereto,
               Wells Fargo Bank, National Association and KeyBank National
               Association, as administrative agent for the lenders thereunder.


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