Municipal Mortgage & Equity Llc - Current report filing (8-K)
November 06 2007 - 9:59AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported):
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November 1, 2007
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Municipal Mortgage & Equity, LLC
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(Exact name of registrant as specified in its charter)
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Delaware
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001-11981
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52-1449733
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_____________________
(State or other jurisdiction
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_____________
(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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621 E Pratt Street, Suite 300, Baltimore, Maryland
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21202
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(Address of principal executive offices)
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___________
(Zip Code)
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Registrants telephone number, including area code:
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(443) 263-2900
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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 Definitive Agreement.
Amendment to Registrant's $140 Million Credit Agreement with Bank of America
On November 1, 2007, the registrant and certain of its subsidiaries entered into Amendment No. 12 to that certain Fifth Amended and Restated Revolving Loan and Letter of Credit Agreement dated as of November 4, 2005 (as amended and/or restated from time to time). Among other things, this amendment (a) extended the deadline for delivery of audited financial statements and other deliverables for the registrant to February 15, 2008 and for MMA Financial Holdings Inc., MMA Equity Corporation and MMA Financial TC Corp. to March 31, 2008; and (b) required the registrant to provide additional collateral support in the form of an irrevocable standby letter of credit in the amount of $14 million (to be returned when the registrant and applicable subsidiaries are current in their financial reporting requirements).
Item 9.01 Financial Statements and Exhibits.
(b) Exhibits
10.1 Amendment No. 12 dated as of November 1, 2007 to the Fifth Amended and Restated Revolving Loan and Letter of Credit Agreement dated as of November 4, 2005 (as amended and/or restated from time to time).
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.
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Municipal Mortgage & Equity, LLC
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November 1, 2007
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By:
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/s/ Michael L. Falcone
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Name: Michael L. Falcone
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Title: President and CEO
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Exhibit Index
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Exhibit No.
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Description
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10.1
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Amendment No. 12 dated as of November 1, 2007 to the Fifth Amended and Restated Revolving Loan and Letter of Credit Agreement dated as of November 4, 2005 (as amended and/or restated from time to time).
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