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 24, 2006
LEVITT CORPORATION
(Exact name of registrant as specified in its charter)
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| FLORIDA
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001-31931
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11-3675068 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 2100 West Cypress Creek Road, Fort Lauderdale, Florida
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33309 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (954) 940-4950
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 (see General Instruction
A.2. below):
¨ 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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On April 24, 2006, our wholly owned subsidiary, Levitt and Sons, LLC (“Levitt and Sons”), entered
into a first amendment to their existing credit facility with KeyBank National Association
(“KeyBank”). The amendment increased the amount available for borrowing under the KeyBank Facility
from $75 Million to $125 Million and amended the definition of “Debt” to exclude liabilities
associated with inventory not owned in the event any such amounts are required to be recorded in
accordance with Financial Accounting Standards Board Interpretation No. 46(R), which clarified the
application of Accounting Research Bulletin No. 51. All other material terms of the KeyBank
Facility, as summarized in our Form 8-K filed with the Securities and Exchange Commission on August
12, 2005, remain unchanged.
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