WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLR) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
partnership (Wheeler REIT) of which Wheeler Real Estate
Investment Trust, Inc. (the “Company”) is the sole general
partner, entered into a Second Amendment and Joinder to Credit
Agreement (“Second Amendment”) to the Credit Agreement (Credit
Agreement) with KeyBank National Association (KeyBank) dated May
29, 2015, as amended by the First Amendment and Joinder to Credit
Agreement, dated April 12, 2016. The Second Amendment increased
the revolving credit line by Twenty Five million and 00/100
Dollars ($25,000,000) for a total line of credit of Seventy-Five
Million and 0/100 Dollars ($75,000,000). to the terms of the
Second Amendment, the pricing reverts back to the original Credit
Agreement with the additional provision that LIBOR cannot fall
below 0%.
Company and their affiliates and KeyBank.
are qualified in their entirety by reference to the Second
Amendment filed as Exhibit 10.1 hereto and incorporated herein by
reference.
|
(a)
|
Financial statement of businesses acquired.
|
|
(b)
|
Pro forma financial information.
|
|
(c)
|
Shell company transactions.
|
|
(d)
|
Exhibits.
|
|
10.1
|
Second Amendment and Joinder to Credit Agreement dated
December 7, 2016 |
|||
About WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLR)
Wheeler Real Estate Investment Trust, Inc. is a self-managed commercial real estate investment company. The Company was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. The Company owns a portfolio of approximately 50 properties, including 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet. The Company’s properties include Alex City Marketplace in Alexander City, Alabama; Beaver Ruin Village and Beaver Ruin Village II in Lilburn, Georgia; Brook Run Shopping Center in Richmond, Virginia; Bryan Station in Lexington, Kentucky; Cardinal Plaza in Henderson, North Carolina; Chesapeake Square in Onley, Virginia; Clover Plaza in Clover, South Carolina; Crockett Square in Morristown, Tennessee; Grove Park in Orangeburg, South Carolina, and Winslow Plaza in Sicklerville, New Jersey. WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLR) Recent Trading Information
WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLR) closed its last trading session down -0.01 at 1.60 with 147,125 shares trading hands.