Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - RPT Realty | a50349919ex99_1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 19, 2012
RAMCO-GERSHENSON
PROPERTIES TRUST
(Exact
name of registrant as specified in its charter)
|
Maryland |
1-10093 |
13-6908486 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
31500 Northwestern Highway, Suite 300, Farmington Hills, Michigan |
48334 |
|
(Address of principal executive offices) |
(Zip Code) |
|
Registrant's telephone number, including area code |
(248) 350-9900 |
Not
applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01 | Entry into a Material Definitive Agreement. |
On July 19, 2012, Ramco-Gershenson Properties, L.P. (the “Operating Partnership”), the majority-owned operating partnership of Ramco-Gershenson Properties Trust (the “Registrant”), entered into a Third Amended and Restated Unsecured Master Loan Agreement with a syndicate of banks, led by KeyBanc Capital Markets (the “Third Amendment”). The Third Amendment amends and restates the Second Amended and Restated Unsecured Master Loan Agreement by replacing the prior $250 million unsecured credit facility with a $360 million unsecured credit facility (the “Facility”). The Facility is comprised of a $240 million revolving line of credit with a four-year term and one-year extension option and a five-year $120 million term loan that matures on July 19, 2017. The Facility can be upsized to $450 million through an accordion feature. Borrowings under the facility are priced at LIBOR plus 165 to 225 basis points based upon a pricing grid tied to the Registrant’s leverage ratio.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant |
The information set forth in Item 1.01 is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (c) | Exhibits. |
| 99.1 | Press release dated July 23, 2012 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
RAMCO-GERSHENSON PROPERTIES TRUST |
|||
| Date: |
July 24, 2012 |
By: |
/s/ GREGORY R. ANDREWS |
|
Gregory R. Andrews |
|||
|
Chief Financial Officer and Secretary |
|||
EXHIBIT INDEX
|
Exhibit |
Description |
|
99.1 |
Press release dated July 23, 2012 |