Colony Starwood Homes (NASDAQ:SFR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On December 16, 2016, Colony Starwood Homes (“CSH”) through an
indirect, wholly-owned subsidiary entered into a Fourth Amendment
(the “Fourth Amendment”) to that certain Amended and Restated
Master Loan and Security Agreement dated as of June 13, 2014, by
and among Starwood Waypoint Borrower, LLC, the lenders from time
to time party thereto, Citibank, N.A., as administrative agent to
the lenders and Wells Fargo Bank, N.A., as calculation agent and
paying agent (such agreement, the Legacy SWAY Credit
Agreement).The Fourth Amendment extends the maturity date of the
Legacy SWAY Credit Agreement to June 15, 2017 or if the extension
period is exercised in accordance with Section 3.05(f), February
5, 2018.
On December 16, 2016, CSH through certain indirect, wholly-owned
subsidiaries entered into an Amendment No. 1 (Amendment No. 1) to
that certain Second Amended and Restated Revolving Credit
Agreement dated July 14, 2015 by and among ColFin AH Finance
Masterco, LLC, as guarantor, ColFin AH Finance Holdco, LLC, as
guarantor and as representative for all of the Borrowers
thereunder, the borrowers party thereto from time to time (the
Borrowers), Wells Fargo Bank, N.A., as Calculation Agent and as
Paying Agent, JPMorgan Chase Bank, National Association, as Lead
Arranger, as a Lender and as agent for each Lender thereunder
(such agreement, the Legacy CAH Credit Agreement). Amendment No.
1 provides for the Scheduled Maturity Date of the Legacy CAH
Credit Agreement to coincide with the maturity date of the Legacy
SWAY Credit Agreement on June 15, 2017.
The foregoing summaries of the Fourth Amendment and Amendment No.
1 are not complete and are qualified in their entirety by the
full text of the Fourth Amendment and Amendment No. 1, which are
filed as Exhibits 99.1 and 99.2 hereto, respectively, and
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.
The information in Item 1.01 of this current report is hereby
incorporated by reference into this Item 2.03.
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Item 9.01. |
Financial Statements and Exhibits. |
(d)Exhibits
99.1Fourth Amendment dated December 16, 2016 to the Amended and
Restated Master Loan and Security Agreement dated June 13, 2014
99.2Amendment No. 1 dated December 16, 2016 to the Second Amended
and Restated Revolving Credit Agreement dated July 14, 2015
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