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): August 17, 2007
CAMDEN PROPERTY TRUST
(Exact name of Registrant as Specified in Charter)
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| Texas
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1-12110
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76-6088377 |
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(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:
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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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| Item 1.01 |
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Entry into a Material Definitive Agreement. |
On August 17, 2007, Camden Property Trust, a Texas real estate investment trust (the
“Company”), entered into a Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as
administrative agent and JPMorgan Chase Bank, N.A., as syndication agent, for a $250,000,000
unsecured bridge facility with a term ending on November 16, 2007 and an interest rate of LIBOR
plus 50 basis points, which interest rate is subject to certain conditions. Certain of the
Company’s subsidiaries have guaranteed the payment and performance of all of the Company’s
obligations under the Credit Agreement. The Company intends to use the proceeds from such facility
to fund new multifamily development and acquisition and for general corporate purposes. The
description herein of the Credit Agreement is qualified in its entirety, and the terms therein are
incorporated herein, by reference to the Credit Agreement, the form of which filed as Exhibit 99.1
hereto.
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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 9.01. |
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Financial Statements and Exhibits. |
(c) Exhibits.
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| Exhibit |
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Title |
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99.1
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Form of Credit Agreement dated as of August 17, 2007 among Camden Property Trust, Bank of
America, N.A., as administrative agent and JPMorgan Chase Bank, N.A., as syndication agent. |
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