Current Report Filing (8-k)
May 07 2020 - 4:30PM
Edgar (US Regulatory)
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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
Date of report (Date of earliest event reported): May 1, 2020
Pennsylvania Real Estate Investment Trust
(Exact Name of Registrant as Specified in its Charter)
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Pennsylvania
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1-6300
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23-6216339
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(State or Other Jurisdiction of
Incorporation or Organization)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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One Commerce Square
2005 Market Street, Suite 1000
Philadelphia, Pennsylvania
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19103
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (215) 875-0700
(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:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Shares of Beneficial Interest, par value $1.00 per share
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PEI
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New York Stock Exchange
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Series B Preferred Shares, par value $0.01 per share
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PEIPrB
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New York Stock Exchange
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Series C Preferred Shares, par value $0.01 per share
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PEIPrC
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New York Stock Exchange
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Series D Preferred Shares, par value $0.01 per share
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PEIPrD
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
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Entry into a Material Definitive Agreement.
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On May 1, 2020, Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent, executed a letter agreement (the “Letter Agreement”) amending the terms of (i) that certain Seven-Year Term Loan Agreement, dated as of January 8, 2014, as amended through March 30, 2020, by and among Pennsylvania Real Estate Investment Trust (the “Trust”), PREIT Associates, L.P., PREIT-RUBIN, Inc. (collectively with the Trust and PREIT Associates, L.P., the “Borrower”), Wells Fargo and the other financial institutions signatory thereto (the “7-Year Term Loan Agreement”) and (ii) that certain Amended and Restated Credit Agreement, dated as of May 24, 2018, as amended through March 30, 2020, by and among the Borrower, Wells Fargo and the other financial institutions signatory thereto (the “2018 Credit Agreement”). The Letter Agreement extends the required delivery date of the Borrower’s Compliance Certificate covering the Trust’s fiscal quarter ending March 31, 2020 under the 7-Year Term Loan Agreement and the 2018 Credit Agreement from May 15, 2020 to May 21, 2020.
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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PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
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Date: May 7, 2020
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By:
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/s/ Lisa M. Most
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Lisa M. Most
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Executive Vice President, Secretary and General Counsel
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