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REXI > SEC Filings for REXI > Form 8-K on 19-Nov-2012All Recent SEC Filings

Show all filings for RESOURCE AMERICA, INC.



Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item 1.01. Entry into a Material Definitive Agreement.

On November 16, 2012, Resource America, Inc. (NASDAQ: REXI) (the "Company") entered into the Third Amendment (the "Amendment") to the Amended and Restated Loan and Security Agreement (the "Loan and Security Agreement") between the Company and TD Bank, N.A., for itself and as agent for the Lenders defined therein. Capitalized terms used in this Item 1.01 but not defined shall have the meaning set forth in the Amendment or the Loan and Security Agreement.

The Amendment (i) provides for an extension of the maturity date to the earlier of (A) the date of termination or expiration of the Amended and Restated Management Agreement dated as of June 14, 2012, by and among the Company, Resource Capital Manager, Inc. and Resource Capital Corp., as the same may be amended from time to time, and (B) December 31, 2014; (ii) sets forth the Lenders' consent to the payment in full of the Company's outstanding 9% Senior Notes due 2013; and (iii) removes the interest rate floors associated with the Applicable Base Rate and Applicable LIBOR Rate.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment which is attached hereto as Exhibit 10.1 and incorporated into this report by reference.

Attached hereto as Exhibit 99.1 is a press release announcing the amendment.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1 Third Amendment to Amended and Restated Loan and Security Agreement dated as of November 16, 2012.
99.1 Press Release.

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