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OLP > SEC Filings for OLP > Form 8-K/A on 9-Jan-2014All Recent SEC Filings




Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure.

We are filing this Current Report on Form 8-K/A to supplement the Current Report on Form 8-K (including the related exhibit) filed with the SEC on January 6, 2014.

We entered into a commitment letter with AIG Asset Management pursuant to which it agreed to refinance the approximately $16.3 million in principal amount of mortgage debt with an interest rate of 5.67%, maturing in May 2014 and secured by our multi-tenant shopping property located in Royersford, PA. The commitment letter provides that AIG will lend our borrowing subsidiary $20 million for ten years at an interest rate of 4.75% per year, with interest only payments during the first five years of the loan and thereafter amortizing on a 30 year basis. We can offer no assurance that this refinancing will be consummated on such terms or at all.

We also entered into a lease amendment extending, from November 2014 until November 2016, the expiration date of the lease with respect to a 100,220 square foot industrial facility located in Columbus, Ohio. The rent payable during the extension period is at least as favorable to us as the rent payable immediately prior to the amendment.

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