Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - NTS REALTY HOLDINGS LP | nlp_8k09302013.htm |
| EX-99.1 - EXHIBIT 99.1 - NTS REALTY HOLDINGS LP | ex_99-1.htm |
| EX-99.3 - EXHIBIT 99.3 - NTS REALTY HOLDINGS LP | ex_99-3.htm |
NTS Merger Parent, LLC
NTS Merger Sub, LLC
600 North Hurstbourne Parkway
Suite 300
Louisville, Kentucky 40222
| September 30, 2012 |
Special Committee of the Board of Directors
Mr. Mark D. Anderson, Chairman
NTS Realty Capital, Inc.
Managing General Partner of NTS Realty Holdings Limited Partnership
600 North Hurstbourne Parkway
Suite 300
Louisville, KY 40222
Members of the Special Committee:
We are writing to provide you with an update regarding the Commitment Letter from Quince Associates, Limited Partnership (“Quince Associates”) to J. D. Nichols and Brian F. Lavin dated December 21, 2012 (the “Commitment Letter”). Messrs. Nichols and Lavin obtained the Commitment Letter in connection with that certain Agreement and Plan of Merger among NTS Merger Parent, LLC (“Parent”), NTS Merger Sub, LLC (“Merger Sub”), NTS Realty Capital, Inc. and NTS Realty Holdings Limited Partnership (the “Company”) dated December 27, 2012 (the “Merger Agreement”), pursuant to which Merger Sub would merge with and into the Company and the Company would continue as the surviving entity (the “Merger”). The Commitment Letter provides that it will terminate if the facility contemplated by the Commitment Letter does not close by September 30, 2013 (the “Financing Termination Date”).
Pursuant to Section 5.10(b) of the Merger Agreement, we are writing to inform you that there has been no extension of the Financing Termination Date and that the facility contemplated by the Commitment Letter has not closed.
We look forward to discussing this development further with you and your legal and financial advisors.
Sincerely,
| NTS Merger Parent, LLC | NTS Merger Sub, LLC | ||
|
/s/ Brian F. Lavin
By: Brian F. Lavin
Its: Manager
|
/s/ Brian F. Lavin
By: Brian F. Lavin
Its: Manager
|
cc: Craig Bradley / Stites & Harbison, PLLC
Lee Eichen / Centerboard Securities, LLC
Cezar M. Froelich / Shefsky & Froelich, Ltd.
Stephen H. Miller / Fore, Miller & Schwartz