COLONY NORTHSTAR, INC. (NYSE:CLNS) Files An 8-K Entry into a Material Definitive Agreement

COLONY NORTHSTAR, INC. (NYSE:CLNS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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On January12, 2018, Colony Capital Operating Company, LLC (the “Borrower”), a Delaware limited liability company and the operating company of Colony NorthStar, Inc. (the “Company”), entered into the First Amendment (the “Amendment”) to that certain Second Amended and Restated Credit Agreement, dated as of January10, 2017 (the “Credit Agreement”), with JPMorgan Chase Bank, N.A., as administrative agent, and the several lenders from time to time party thereto. The principal purpose of the Amendment is to provide the Borrower with the option, subject to certain conditions, to designate any wholly-owned subsidiary as a subsidiary borrower in a manner that permits such designated subsidiary to directly borrow funds under the Credit Agreement. No other material terms of the $1billion revolving credit facility were changed. In connection with the Amendment, Colony Capital Investment Holdco, LLC was designated as a subsidiary borrower. The obligations of any subsidiary borrower under the Credit Agreement are guaranteed by the Borrower and all other subsidiaries that guarantee the obligation of the Borrower under the Credit Agreement. Similarly, all collateral securing the obligations of the Borrower under the Credit Agreement also secure the obligations of any designated subsidiary borrower.

The foregoing descriptions of the Amendment are qualified in its entirety by the complete text of the Amendment, which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

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

The information set forth in Item 1.01 above is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.




10.1 First Amendment, dated as of January12, 2018, among Colony Capital Operating Company, LLC, the several lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent.


Colony NorthStar, Inc. Exhibit
EX-10.1 2 d524339dex101.htm EX-10.1 EX-10.1 EXHIBIT 10.1 EXECUTION VERSION FIRST AMENDMENT This First Amendment,…
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Colony NorthStar, Inc. is a diversified equity real estate investment trust (REIT). The Company combines a portfolio of real assets across the world, which are managed with a global real estate investment manager. The Company has property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments, and an embedded institutional and retail investment management business. In addition, the Company owns NorthStar Securities, LLC, a captive broker-dealer platform which raises capital in the retail market. The Company acquires, develops and operates industrial properties in metropolitan markets throughout the United States with a focus on light industrial buildings. The Company provides investment management services and offers investment products while serving as a fiduciary to a set of institutional and individual investors.

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