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MarketScreener Homepage  >  Equities  >  Nyse  >  Cedar Realty Trust, Inc.    CDR

CEDAR REALTY TRUST, INC.

(CDR)
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CEDAR REALTY TRUST, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

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08/10/2020 | 05:13pm EDT

Item 1.01.Entry into a Material Definitive Agreement

On August 4, 2020, Cedar Realty Trust Partnership, L.P. (the "Operating Partnership"), the operating partnership of Cedar Realty Trust, Inc. (the "Company") amended its unsecured credit facilities. Specifically, on August 4, 2020, the Operating Partnership entered into the Second Amendment to the Fourth Amended and Restated Loan Agreement, the First Amendment to Third Amended and Restated Loan Agreement, and the Third Amendment to the Loan Agreement (collectively, the "Loan Agreements"). Effective with the amendments to the Loan Agreements, the Company's financial ratios and borrowing base are now computed using the trailing four quarters as opposed to the current quarter annualized, and interest rate swaps that are a hedge of existing debt are now excluded from the definition of debt. The amendments did not change pricing on the Loan Agreements from the prior loan agreements.

The foregoing summary is qualified in its entirety by reference to the full text of the Second Amendment to Fourth Amended and Restated Loan Agreement, First Amendment to Third Amended and Restated Loan Agreement, and Third Amendment to Loan Agreement, copies of which are filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant

The disclosure set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits




Exhibit
  No.                                    Description

    10.1        Second Amendment to Fourth Amended and Restated Loan Agreement,
              dated as of August 4, 2020

    10.2        First Amendment to Third Amended and Restated Loan Agreement,
              dated as of August 4, 2020

    10.3        Third Amendment to Loan Agreement, dated as of August 4, 2020
--------------------------------------------------------------------------------

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© Edgar Online, source Glimpses


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