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: June 29, 2010
(Date of earliest event reported)
EQUITY LIFESTYLE PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
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| Maryland
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1-11718
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36-3857664 |
(State or other jurisdiction of
incorporation or organization)
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(Commission File No.)
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(IRS Employer Identification
Number) |
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| Two North Riverside Plaza, Chicago, Illinois
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60606 |
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(Zip Code) |
(312) 279-1400
(Registrant’s telephone number, including area code)
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):
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))
Item 1.01 Entry into a Material Definitive Agreement
On June 29, 2010, Equity LifeStyle Properties, Inc. (the “Company”) entered into a Second
Amendment to Credit Agreement (Revolving Facility) and Guarantor Consent and Confirmation (the
“Credit Agreement”) in order to exercise the one-year extension option on one of its unsecured
Lines of Credit that was due to mature on June 29, 2010. Prior to the extension, the Company had
two unsecured lines of credit with a maximum borrowing capacity of $350 million and $20 million,
respectively, bearing interest at a per annum rate of LIBOR plus a maximum of 1.20% per annum and a
0.15% facility fee. The extension reduced the Company’s maximum borrowing capacity under the $350
million line of credit to $100 million and extended the expiration of the line of credit to June
29, 2011. The Company incurred commitment and arrangement fees of approximately $150,000 in
connection with the extension of the line of credit.
The Credit Agreement attached as an exhibit hereto and is incorporated herein by reference in
its entirety.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
arrangement of a Registrant
The information provided in Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
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| Exhibit 10.45 |
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Second Amendment to Credit Agreement (Revolving Facility) and Guarantor Consent
and Confirmation, dated June 29, 2010, by and among the Company, MHC Operating Limited
Partnership, MHC Trust, T1000 Trust, Wells Fargo Bank, N.A. and each of the Lenders set
forth therein. |