WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLRD) Files An 8-K Entry into a Material Definitive Agreement

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WHEELER REAL ESTATE INVESTMENT TRUST, INC. (NASDAQ:WHLRD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On August 7, 2017, Wheeler REIT, L.P., a Virginia limited partnership (“Wheeler REIT”) of which Wheeler Real Estate Investment Trust, Inc. (the "Company") is the sole general partner, entered into a Third Amendment to Credit Agreement ("Third 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 and Second Amendment and Joinder to Credit Agreement, dated December 7, 2016. The Third Amendment changed the interest payment date to the first day of each calendar month and decreases the total commitment on the revolving credit line by Twenty Five million and 00/100 Dollars ($25,000,000) to Fifty Million and 0/100 Dollars ($50,000,000) on October 7, 2017. The total commitment may also increase or decrease in accordance with the provisions of the Credit Agreement. Wheeler REIT and KeyBank agree WHLR-Shoppes at Myrtle Park, LLC shall continue to be included in the calculation of the Borrowing Base Availability through December 21, 2017.

There is no material relationship between Wheeler REIT, the Company and their affiliates and KeyBank.

The foregoing descriptions of the terms of the Third Amendment are qualified in their entirety by reference to the Third Amendment filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 1.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)

Financial statement of businesses acquired.

Not applicable.

(b)

Pro forma financial information.

Not applicable.

(c)

Shell company transactions.

Not Applicable.

10.1

Third Amendment to Credit Agreement dated August 7, 2017.


Wheeler Real Estate Investment Trust, Inc. Exhibit
EX-10.1 2 ex101thirdamendmenttocredi.htm EXHIBIT 10.1 THIRD AMENDMENT TO CREDIT AGREEMENT Exhibit Exhibit 10.1THIRD AMENDMENT TO CREDIT AGREEMENTTHIS THIRD AMENDMENT TO CREDIT AGREEMENT (“Agreement”) is executed as of August 7,…
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