Attached files

file filename
EX-10.1 - CONDOR HOSPITALITY TRUST, INC.sppr8k_july1exh.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
 
June 30, 2014
Date of report (Date of earliest event reported)
 
Supertel Hospitality, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 
Virginia
(State or Other Jurisdiction of Incorporation)
 
1-34087
52-1889548
(Commission File Number)
(IRS Employer Identification No.)
   
1800 West Pasewalk Avenue, Suite 200
 
Norfolk, NE
68701
(Address of Principal Executive Offices)
(Zip Code)
   
(402) 371-2520
(Registrant’s Telephone Number, Including Area Code)
 

(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. below):
 
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 June 30, 2014, Supertel Hospitality, Inc. (the “Company”) entered into a Ninth Amendment to Amended and Restated Loan Agreement (the “Amendment”) with Great Western Bank (the “Lender”) to extend the maturity date of the revolving credit facility under the Amended and Restated Loan Agreement dated December 3, 2008 by and between the Company and the Lender from June 30, 2014 to August 30, 2014.
 
The Amended and Restated Loan Agreement dated December 3, 2008 was previously filed with, and is described in, the Company’s Current Report on Form 8-K dated December 3, 2008.  The first, second and third amendments thereto are described in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2008, December 31, 2009 and December 31, 2010, respectively, and were filed with the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2009, March 31, 2010 and March 31, 2011, respectively.  The fourth, fifth, sixth and seventh amendments thereto were previously filed with, and are described in, the Company’s Current Reports on Form 8-K dated December 9, 2011, February 21, 2012, January 17, 2013 and March 26, 2013, respectively.  The eighth amendment thereto was filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.  This description of the Amendment is qualified in its entirety by reference to the Amendment attached to this report as Exhibit 10.1 and incorporated herein by reference.
 
Item 9.01.  Financial Statements and Exhibits.
 
(c)  Exhibits.
 
10.1
Ninth Amendment to Amended and Restated Loan Agreement dated June 30, 2014 by and between Supertel Hospitality, Inc. and Great Western Bank.

 

 
 

 

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.
 
 
Supertel Hospitality, Inc.
   
Date:  July 1, 2014
By:
/s/ Corrine L. Scarpello
   
Name:  Corrine L. Scarpello
   
Title:     Chief Financial Officer


 
 

 

EXHIBIT INDEX
 
Exhibit
Description
 
10.1
Ninth Amendment to Amended and Restated Loan Agreement dated June 30, 2014 by and between Supertel Hospitality, Inc. and Great Western Bank.