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EX-10.1 - FIFTH AMENDMENT TO LOAN AGREEMENT - CENTERLINE HOLDING COexh10-1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):  February 4, 2010

CENTERLINE HOLDING COMPANY
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

1-13237
 
13-3949418
(Commission File Number)
 
(I.R.S. Employer Identification No.)
     
625 Madison Avenue, New York, New York
 
10022
(Address of Principal Executive Offices)
 
(Zip Code)
 

 
(212) 317-5700
(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



o
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 February 4, 2010, Centerline Holding Company (the “Registrant”) and Centerline Capital Group Inc. (together with the Registrant, the “Borrowers”) entered into a fifth amendment (the “Amendment”) to the Amended and Restated Revolving Credit and Term Loan Agreement (the “Credit Agreement”), dated as of December 19, 2008, with the Guarantors listed on Schedule 1 thereto (the “Guarantors”), the Lenders named therein, Bank of America, N.A. as issuing bank and as administrative agent, Banc of America Securities, LLC and Citicorp USA Inc., as co-lead arrangers, and Banc of America Securities, LLC as book manager.  The Amendment will (a) extend the maturity date of the Term Loan from February 5, 2010 until February 26, 2010; and (b) waive the Registrant’s compliance with specified net worth covenants (until February 26, 2010). The foregoing description of the Amendment is qualified in its entirety by reference to the full text of such agreement.  Capitalized terms used but not defined herein have the meanings specified in the Credit Agreement.


Item 9.01.  Financial Statements and Exhibits

(a)
Financial Statements
 
 
 
Not Applicable.
 
 
(b)
Pro Forma Financial Information
 
 
 
Not Applicable.
 
 
(c)
Exhibits
 
 
 
Exhibit 10.1.  Fifth Amendment to Amended and Restated Revolving Credit and Term Loan Agreement, dated as of February 4, 2010, by and among Centerline Holding Company, Centerline Capital Group Inc., the Guarantors listed on Schedule 1 thereto, the Lenders named therein, Bank of America, N.A. as issuing bank and as administrative agent, Banc of America Securities, LLC and Citicorp USA, Inc., as co-lead arrangers and Banc of America Securities, LLC as book manager.
 
 
 
 
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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.

 

 
 
CENTERLINE HOLDING COMPANY
(Registrant)
     
     
February 4, 2010
By:
/s/ Robert L. Levy
   
Name:
Robert L. Levy
   
Title:
Chief Financial Officer
 

 
 
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