fs_8k.htm

 
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): December 11, 2008 (December 8, 2008)
 
FIVE STAR QUALITY CARE, INC.
 
(Exact Name of Registrant as Specified in Its Charter)
 
Maryland
 
(State or Other Jurisdiction of Incorporation)

 1-16817
  
04-3516029
(Commission File Number)
  
(IRS Employer Identification No.)
     
400 Centre Street, Newton, Massachusetts
  
02458
(Address of Principal Executive Offices)
  
(Zip Code)
 
 
617-796-8387
 
(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:
 
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 December 8, 2008, Five Star Quality Care, Inc. (the “Company”) extended the maturity of its revolving bank credit facility with Wachovia Bank, National Association (the “Lender”). Prior to the change, the Company’s credit facility had a maturity of May 8, 2009.  As a result of the amendment, the maturity date is extended to May 8, 2010, with options to extend the term twice, in each case by twelve months upon our payment of extension fees and other conditions, including Lender’s approval.  The maximum amount of permitted borrowings remains $40 million, with a feature under which the maximum borrowings may be expanded up to $80 million in certain circumstances.
.
 

 




 
 
 

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.

 
FIVE STAR QUALITY CARE, INC.
     
 
By:
/s/ Bruce J. Mackey Jr.
 
Name: Bruce J. Mackey, Jr.
 
Title: President and Chief Executive Officer
   

Dated:  December 8, 2008