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): April 17, 2009
CAMDEN PROPERTY TRUST
(Exact name of Registrant as Specified in Charter)
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Texas
(State or Other Jurisdiction of
Incorporation)
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1-12110
(Commission File Number)
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76-6088377
(I.R.S. Employer
Identification Number) |
Three Greenway Plaza, Suite 1300, Houston, Texas 77046
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (713) 354-2500
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:
o Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
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| Item 1.01 |
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Entry into a Material Definitive Agreement. |
On April 17, 2009, subsidiaries of Camden Property Trust, a Texas real estate investment trust
(the “Company”), as borrowers (collectively, the “Borrowers”), and the Company, as guarantor,
entered into a Master Credit Facility Agreement (the “Credit Agreement”) with Red Mortgage Capital,
Inc., as lender, for a $420,000,000 fixed rate loan. The loan will be assigned to Fannie Mae, has
an annual interest rate of 5.12%, is payable interest only, and matures on May 1, 2019. The
Company has entered into a standard nonrecourse carveout guaranty. The obligations of the
Borrowers under the Credit Agreement are secured by cross-collateralized first priority mortgages
on 11 multifamily properties. The Company intends to use the proceeds from this credit facility
for the pay down of amounts outstanding under its revolving line of credit, retirement of existing
debt and for general corporate purposes.
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| Item 2.03 |
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of Registrant. |
The information set forth in Item 1.01 is incorporated herein by reference.
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| Item 7.01 |
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Regulation FD Disclosure |
On April 17, 2009, the Company issued a press release announcing the execution of the Credit
Agreement, a copy of which is included as Exhibit 99.1 hereto.
The press release is furnished pursuant to Item 7.01 and shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
subject to the liabilities of that Section. The information in this Item 7.01 shall not be
incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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