(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (512)
732-1000
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company o
If an emerging growth company, indicate by check mark if the registrant has elected to not use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant of Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement.
On February 13, 2019, American Campus Communities, Inc., as Guarantor (the "Company"), and American Campus Communities Operating Partnership LP, the Company's operating
partnership, as Borrower (the "Operating Partnership"), entered into a First Amendment (the "Amendment") to Fifth Amended and Restated Credit Agreement with KeyBank National Association, as administrative agent and each of the lenders from time to time party to such revolving credit facility. Pursuant to the Amendment, the Operating Partnership exercised its right to increase the size of its senior unsecured revolving credit facility by $300 million, from $700 million to $1 billion, which facility may be further expanded by an additional $200 million upon the satisfaction of certain conditions. The revolving credit facility matures on March 15, 2022.
The revolving credit facility is available to, among other things, fund future property development, acquisitions, and other working capital needs, and for general corporate
purposes.
The description herein of the Amendment is qualified in its entirety, and the terms therein are incorporated herein, by reference to the Amendment filed as Exhibit 99.1 hereto.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
Form
of First Amendment to Fifth Amended and Restated Credit Agreement, dated as of February 13, 2019, among American Campus Communities Operating Partnership LP, as Borrower; American Campus Communities, Inc., as Guarantor; KeyBank National Association, as Administrative Agent; and each of the lenders from time to time party thereto
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
