UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) June 29, 2006
Gladstone Commercial Corporation
(Exact name of registrant as specified in its chapter)
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Maryland
(State or other jurisdiction
of incorporation)
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0-50363
(Commission
File Number)
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02-0681276
(IRS Employer
Identification No.) |
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1521 Westbranch Drive, Suite 200
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McLean, Virginia
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22102 |
(Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (703) 287-5800
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))
Item 1.01. Entry into a Material Definitive Agreement
On June 29, 2006, Gladstone Commercial Corporation (the “Company”) amended its amended and restated
credit agreement, which was originally established on March 17, 2006, to increase the current
maximum availability under its line of credit from $67.5 million to $75 million, and to amend
certain other covenants in the agreement. The line of credit was arranged by BB&T Capital Markets,
with Branch Banking and Trust Company acting as agent, and includes syndicate participations by
First Horizon Bank and Compass Bank.
As of June 29, 2006, the Company has aggregate borrowings outstanding under the line of credit of
$19.9 million, and may draw up to an aggregate of $59.6 million under this agreement.
Item 9.01. Financial Statements and Exhibits
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Exhibit 10.31 — First Amendment to Amended and Restated Credit Agreement by and among
Gladstone Commercial Corporation, Gladstone Commercial Limited Partnership, Branch Banking and
Trust Company, and certain other parties, dated as of June 29, 2006. |