Actionable news
All posts from Actionable news

Entry into a Material Definitive

Seventh Amendment to Credit Agreement


) amended its unsecured revolving credit facility (the

Credit Facility

) to, among other things, provide that up to 10% of the aggregate value of its unencumbered properties can be attributed to eligible real estate located in Canada when determining the amount available for borrowings under the Credit Facility and compliance with certain financial covenants.

The amendment (the

Seventh Credit Agreement Amendment

), dated April 8, 2016, amends the Credit Agreement, dated May 6, 2010, as amended (the

Credit Agreement

), by and among DuPont Fabros Technology, L.P., the operating partnership of the Company (the

Operating Partnership

), as borrower; all of the Operating Partnerships subsidiaries that currently guaranty the obligations under the Companys Indenture governing the terms of its 5 7/8% senior notes due 2021, including the subsidiaries that own the ACC2, ACC4, ACC5, ACC6, CH1, NJ1, SC1, VA3 and VA4 data centers and the SC2 parcel of land, but excluding the Company's taxable REIT subsidiary, DF Technical Services LLC, and the subsidiaries that own the Company's ACC3, ACC7 and CH2 data center facilities, the ACC8 parcel of land and the Companys property management company, DF Property Management LLC; the Company; KeyBank National Association, as administrative agent and a lender (


); and the other lending institutions that are parties thereto.

Except as amended by the Seventh Credit Agreement Amendment, the remaining terms of the Credit Agreement remain in full force and effect.

The foregoing does not purport to be a complete description of the terms of the Seventh Credit Agreement Amendment and such description is qualified in its entirety by reference to the Seventh Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is...