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ARI > SEC Filings for ARI > Form 8-K on 11-Aug-2014All Recent SEC Filings

Show all filings for APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.

Form 8-K for APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.


11-Aug-2014

Creation of a Direct Financial Obligation or an Oblig


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

On August 7, 2014, Apollo Commercial Real Estate Finance, Inc. (the "Company") through an indirect wholly-owned subsidiary entered into an amendment letter related to the master repurchase agreement (as amended, the "DB Facility") with Deutsche Bank AG to increase the maximum permitted borrowing under the DB Facility from $200.0 million to $225.0 million, which maximum may be increased by $25.0 million no more than three times at the Company's request. Additionally, the date on which a portion of the undrawn amount may begin to be subject to non-use fees, depending on the utilization rate of the facility, was extended to December 7, 2014.


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