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
Date of Report (Date of earliest event reported): March 30, 2010
RAMCO-GERSHENSON PROPERTIES TRUST
---------------------------------
(Exact name of registrant as specified in its Charter)
Maryland 1-10093 13-6908486
-------- ------- ----------
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
31500 Northwestern Highway, Suite 300, Farmington Hills, Michigan 48334
----------------------------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (248) 350-9900
------------------------
Not applicable
--------------
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] 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 Agreement
On March 30, 2010, Ramco-Gershenson Properties, L.P. (the "Operating
Partnership"), the majority-owned operating partnership of Ramco-Gershenson
Properties Trust (the "Registrant") entered into a First Amendment to the First
Amended and Restated Revolving Credit Agreement and Guaranty (the "First
Amendment") for The Town Center at Aquia with KeyBank National Association.
Pursuant to the First Amendment, the credit facility was reduced from $20
million to $18.75 million and the requirement for quarterly amortization of
$1.25 million through 2010 was eliminated. The Company may extend the December
31, 2010 maturity date to December 31, 2011 by permanently reducing the loan
balance to $15 million and the Company has the option to extend the maturity
date to December 31, 2012 by permanently reducing the loan amount to $10
million. In addition, the Company is required to pay down the credit facility in
an amount equal to proceeds received if a mortgage loan from a third party
lender is obtained with respect to the office property at the center.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
10.1 First Amendment to First Amended and Restated Revolving Credit
Agreement and Guaranty, dated March 30, 2010, by and among
Ramco-Gershenson Properties, L.P., as Borrower, Ramco-Gershenson
Properties Trust and Ramco Virginia Properties, L.L.C. as
Guarantors and KeyBank National Association as Agent.
2
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.
RAMCO-GERSHENSON PROPERTIES TRUST
Date: April 1, 2010 By: /s/ Dennis Gershenson
Dennis Gershenson
President and Chief Executive Officer
3
EXHIBIT INDEX
Exhibit Description
------- -----------
10.1 First Amendment to First Amended and Restated Revolving Credit
Agreement and Guaranty, dated March 30, 2010, by and among
Ramco-Gershenson Properties, L.P., as Borrower Ramco-Gershenson
Properties Trust and Ramco Virginia Properties, L.L.C., as Guarantors
and KeyBank National Association as Agent.
4