Current Report Filing (8-k)
30 March 2019 - 7:21AM
Edgar (US Regulatory)
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): March 29, 2019
Retail Value Inc.
(Exact name of registrant as specified in charter)
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Ohio
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1-38517
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84-4182996
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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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3300 Enterprise Parkway, Beachwood, Ohio
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44122
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (216)
755-5500
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):
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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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☐
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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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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 ☒
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☒
Subsidiaries of Retail Value Inc., an Ohio corporation, have entered into an amendment with the lenders to modify the interest rate applicable to the $900
million mortgage refinancing that closed on March 11, 2019. The weighted average interest rate on the notes issued by the subsidiaries in connection with the refinancing will be equal to
one-month
LIBOR plus
230 basis points, which is below the refinancings initial rate of
one-month
LIBOR plus 250 basis points and the previous loans initial rate of
one-month
LIBOR plus 315 basis points.
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.
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RETAIL VALUE INC.
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By:
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/s/ Matthew L. Ostrower
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Matthew L. Ostrower
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Executive Vice President,
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Chief Financial Officer and Treasurer
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Date: March 29, 2019
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