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

14

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 October 6, 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 Fourth Amendment to Credit Agreement (“Fourth 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 and Joinder to Credit Agreement, dated December 7, 2016, and the Third Amendment to Credit Agreement, dated August 7, 2017. The Fourth Amendment provides for a sixty day extension from October 7, 2017 to December 6, 2017 upon which the seventy-five million and 00/100 dollars ($75,000,000) total commitment on the revolving credit line decreases by twenty-five million and 00/100 dollars ($25,000,000) to fifty million and 00/100 dollars ($50,000,000). The total commitment may also increase or decrease in accordance with the provisions of the Credit Agreement.

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

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

Item 1.01 OTHER EVENTS.

On October 12, 2017, the Company issued a press release announcing the Fourth Amendment. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K/A and is 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.


Wheeler Real Estate Investment Trust, Inc. Exhibit
EX-10.1 2 ex101fourthamendmenttocred.htm EXHIBIT 10.1 FOURTH AMENDMENT TO CREDIT AGREEMENT KEYBANK Exhibit Exhibit 10.1FOURTH AMENDMENT TO CREDIT AGREEMENTTHIS FOURTH AMENDMENT TO CREDIT AGREEMENT (“Agreement”) is executed as of October 6th,…
To view the full exhibit click here

An ad to help with our costs