Attached files
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| EX-10.1 - Rouse Properties, LLC | efc12-719_ex101.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): September 28, 2012
Rouse Properties, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation)
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1-35278
(Commission File Number)
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90-0750824
(IRS Employer Identification No.)
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1114 Avenue of the Americas, Suite 2800
New York, New York (Address of principal executive offices)
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10036
(Zip Code)
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Registrant's telephone number, including area code: (212) 608-5108
(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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CAR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CAR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CAR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CAR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
On September 28, 2012, Rouse Properties, Inc., a Delaware corporation (the “Company”), amended its $375 million senior secured credit facility, dated January 12, 2012, among the Company and a syndicate of banks, as lenders, and Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, RBC Capital Markets, LLC and U.S. Bank National Association, as joint lead arrangers. Pursuant to the amendment, borrowings under the senior secured credit facility will be priced at LIBOR plus 450 basis points with no LIBOR floor. Previously, the senior secured credit facility had been priced at LIBOR plus 500 basis points, subject to a LIBOR floor of 1.0%. The senior secured credit facility currently has an outstanding balance of $325.1 million, and an undrawn $50 million revolver. The senior secured credit facility matures in January 2015.
A copy of the amendment is attached as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of the amendment is qualified in its entirety by reference to Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
Number
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Description
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10.1
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Second Amendment to Credit Agreement, dated as of September 28, 2012, among the Company and the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent
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SIGNATURE
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.
| Dated: October 4, 2012 | ROUSE PROPERTIES, INC. | |||
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By:
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/s/ Susan Elman | ||
| Name: | Susan Elman | |||
| Title: | Executive Vice President and General Counsel | |||
EXHIBIT INDEX
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Exhibit
Number
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Description
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10.1
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Second Amendment to Credit Agreement, dated as of September 28, 2012, among the Company and the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent
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