HOMEFED CORPORATION (OTCMKTS:HOFD) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On September 28, 2017, the Company redeemed all of its Existing Notes and satisfied and discharged the indenture governing the Existing Notes in accordance with its terms.
| Item 2.03. |
Creation of a Direct Financial Obligation or an Off-Balance Sheet Arrangement of a Registrant. |
The description contained under Item 1.01 above is hereby incorporated by reference in its entirety into this Item 2.03.
In accordance with the terms of the Indenture, on September 28, 2017, the Company entered into a subordination and intercreditor agreement by and among HomeFed Village III, LLC, a wholly-owned subsidiary of the Company (“Borrower”), Otay Village III Lender, LLC (“Lender”), the Trustee and the Company, to which any of the up to $125,000,000 aggregate principal amount of loans made under that certain loan agreement, previously disclosed on the Company’s Current Report on Form 8-K filed on August 10, 2017, dated as of August 7, 2017, among the Borrower and the Lender are expressly subordinated in all respects to the Notes.
| Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit No. |
Description |
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4.1 |
Indenture, dated September 28, 2017, among the Company, the Guarantors party thereto from time to time and Wilmington Trust, National Association. |
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10.1 |
Placement Agency Agreement, dated September 27, 2017, among the Company, the Guarantors and Jefferies. |
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10.2 |
Form of Non-Affiliate Note Purchase Agreement, dated September 27, 2017, among the Company, the Guarantors and the Non-Affiliate Investors. |
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10.3 |
Form of Affiliate Note Purchase Agreement, dated September 27, 2017, among the Company, the Guarantors and the Affiliate Investors. |
HOMEFED CORP ExhibitEX-4.1 2 ex4_1.htm EXHIBIT 4.1 Exhibit 4.1 HOMEFED CORPORATION as Company THE GUARANTORS NAMED HEREIN as Guarantors and WILMINGTON TRUST,…To view the full exhibit click here
About HOMEFED CORPORATION (OTCMKTS:HOFD)
HomeFed Corporation is a developer and owner of residential and mixed-use real estate projects in California, Virginia, South Carolina, Florida, Maine and New York. The Company operates through three segments: real estate, farming and corporate. Its real estate operations consist of a range of residential and commercial land development projects and other unimproved land, all in various stages of development, and retail and office operating properties. Real estate also includes the equity method investments in Brooklyn Renaissance Holding Company LLC (BRP Holding) and Brooklyn Renaissance Hotel LLC (BRP Hotel). Its farming operations consist of the Rampage property, which includes an operating grape vineyard. The Company, as the owner of development projects, is engaged in a range of activities, including design engineering, grading raw land, constructing public infrastructure and finishing individual lots for home sites or other facilities.
