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 January 2, 2019, Wheeler Real Estate Investment Trust, Inc. (the “Company”) and certain investors: Calapasas West Partners, L.P.; Full Value Partners, L.P.; Full Value Special Situations Fund, L.P.; MCM Opportunity Partners, L.P.; Mercury Partners, L.P.; Opportunity Partners, L.P.; Special Opportunities Fund, Inc.; and Steady Gain Partners, L.P. (collectively the “Bulldog Investors”) entered into Amended and Restated Promissory Notes (the “Amended and Restated Notes”), effective December 15, 2018, to the Amended Convertible Promissory Notes, dated April 20, 2016, which amended Convertible Promissory Notes dated March 19, 2015.
The Amended and Restated Notes extend the maturity date from December 15, 2018 to June 15, 2019 with equal monthly principal and interest payments in the aggregate amount of Two Hundred Thirty-Four Thousand One Hundred Ninety-Eight and 63/100 Dollars ($234,198.63). In addition, the interest rate increases from nine percent (9%) to fifteen percent (15%) in the Event of Default (as defined in the Amended and Restated Notes). The current aggregate principal amount of the Amended and Restated Notes is One Million Three-Hundred Sixty-Nine Thousand Thirty-One and 00/100 Dollars ($1,369,031).
There is no material relationship between the Company and their affiliates and the Bulldog Investors.
The foregoing descriptions of the terms of the Amended and Restated Notes are qualified in their entirety by reference to the Amended and Restated Notes, filed respectively as Exhibits 10.1 through 10.8 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.
(d) Exhibits.
EXHIBIT INDEX
Wheeler Real Estate Investment Trust, Inc. Exhibit
EX-10.1 2 ex101bulldogarnotecalapasas.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Principal Amount: $102,…
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