center8k-122707.htm
 
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 AND EXCHANGE ACT OF 1934
 
Date of Report (Date of Earliest Event Reported): December 20, 2007
 
 
CENTERLINE HOLDING COMPANY
(Formerly CharterMac)
(Exact Name of Registrant as Specified in Charter)
 
 
Delaware
(State or other Jurisdiction of Incorporation)
 
1-13237
 
13-3949418
(Commission File Number)
 
(IRS Employer Identification Number)

 
625 Madison Avenue, New York, NY 10022
(Address of Principal Executive Offices)
 
Registrant’s telephone number, including area code: (212) 317-5700
 
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 Definitive Material Agreement

On December 20, 2007, Centerline Mortgage Capital Inc. and Centerline Mortgage Partners Inc. (collectively, the "Companies"), each of which is a subsidiary of Centerline Holding Company (the "Registrant"), entered into a Second Amendment (the "Amendment") to that certain Warehousing Credit and Security Agreement (the “Warehousing Agreement”), by and among the Companies, certain Lenders, as defined in the Amendment, and Citicorp USA, Inc., as the agent for the Lenders.

The Amendment amends the Warehousing Agreement to (a) reduce the commitment of the Lenders to make advances from $250,000,000.00 to $150,000,000.00 and (b) increase the interest rate of such advances from 50 basis points per annum over the libor rate to 70 basis points per annum over the libor rate.  The Amendment is attached hereto as Exhibit 10.1 and incorporated herein by reference.  The foregoing description of the Amendment is qualified in its entirety by reference to the full text of such agreement.


Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.
 
 
(a).   Financial Statements
 
Not Applicable  
 
(b).   Pro Forma Financial Information
 
Not Applicable
 
 
(c).   Exhibits
 
Exhibit 10.1 Second Amendment to the Warehousing Credit and Security Agreement, dated as of December 20, 2007, among Centerline Mortgage Capital Inc., Centerline Mortgage Partners Inc., and Citicorp USA, Inc., as agent for the lenders, and as a lender.
 

 
 
 



SIGNATURES
 
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
Centerline Holding Company
    (Registrant)
 
BY:
________________
 
 
Robert L. Levy
 
 
Chief Financial Officer

 
December 27, 2007
 
 
 
 
 
 
 
Exhibit Index
 

Exhibit 10.1 Second Amendment to the Warehousing Credit and Security Agreement, dated as of December 20, 2007, among Centerline Mortgage Capital Inc., Centerline Mortgage Partners Inc., and Citicorp USA, Inc., as agent for the lenders, and as a lender.