-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MpUXfmkJ4Z0BdeyRYRBhghWKgIgKsrD3pYIc0qzF4qDre5XHh+sy+EkJBwjKWmqs sCWwLhrX13yiI67qx7/a9g== 0000950172-05-002460.txt : 20050801 0000950172-05-002460.hdr.sgml : 20050801 20050801133610 ACCESSION NUMBER: 0000950172-05-002460 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050726 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20050801 DATE AS OF CHANGE: 20050801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANTHRACITE CAPITAL INC CENTRAL INDEX KEY: 0001050112 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 133978906 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13937 FILM NUMBER: 05987508 BUSINESS ADDRESS: STREET 1: 40 EAST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127545560 MAIL ADDRESS: STREET 1: 40 EAST 52ND STREET CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: ANTHRACITE MORTGAGE CAPITAL INC DATE OF NAME CHANGE: 19971121 8-K 1 nyc508095.txt FORM 8-K 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) August 1, 2005 (July 26, 2005) ------------------------------ Anthracite Capital, Inc. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Maryland 001-13937 13-397-8906 - ------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 40 East 52nd Street, New York, New York 10022 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 810-3333 ---------------------------- N/A - ------------------------------------------------------------------------------- (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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. On July 26, 2005, Anthracite Capital, Inc. (the "Company") issued $365,010,000 face amount of commercial mortgage related securities in a non-recourse financing ("HY2"), through two of its affiliates, Anthracite 2005-HY2 Ltd. and Anthracite 2005-HY2 Corp. $240,134,000 face amount of senior investment-grade notes were issued and sold in a private placement. A subsidiary of the Company retained the Class E Notes, the subordinate below-investment grade notes and the preferred shares of Anthracite 2005-HY2 Ltd. The table below sets forth further information with respect to the structure of HY2.
Ratings Original Expected Final Payment Class (Moody's/S&P/Fitch) Principal Balance Note Interest Rate Date - ----------------------- ---------------------- -------------------- -------------------------- ---------------------------- Senior Notes - ------------ Class A Notes Aaa/AAA/AAA $116,406,000 LIBOR + 0.370% August 2014 Class B Notes Aa2/AA/AA $52,593,000 LIBOR + 0.600% January 2015 Class C-FL Notes A2/A/A $25,360,000 LIBOR + 1.000% May 2015 Class C-FX Notes A2/A/A $7,000,000 5.487% May 2015 Class D-FL Notes Baa2/BBB/BBB $25,275,000 LIBOR + 2.000% July 2015 Class D-FX Notes Baa2/BBB/BBB $13,500,000 6.000% July 2015 Class E Notes Baa3/BBB-/BBB- $9,376,000 LIBOR + 2.200% July 2015 Junior Notes - ------------ Class F Notes NR/BB/BB $58,000,000 6.000% July 2015 Class G Notes NR/NR/B $57,500,000 6.000% July 2019 Preferred Shares - ---------------- Preferred Shares NR/NR/NR $113,071,000* N/A N/A
- ------------------ * Notional Amount The total value of the underlying collateral portfolio is initially expected to be approximately $378,165,710 in aggregate principal balance, which will consist of approximately $330,280,710 in aggregate principal balance of commercial mortgage-backed securities and $47,885,000 in aggregate principal balance of unsecured debt issued by real estate investment trusts, all of which have been purchased by Anthracite 2005-HY2 Ltd. as of July 26, 2005. The Company is required to use commercially reasonable efforts to identify $100,000,000 in additional commercial mortgage-backed securities to be purchased by Anthracite 2005-HY2 Ltd. on or prior to April 26, 2006. SIGNATURE 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. ANTHRACITE CAPITAL, INC. By: /s/ James J. Lillis ----------------------------- Name: James J. Lillis Title: Chief Financial Officer Dated: August 1, 2005 -----END PRIVACY-ENHANCED MESSAGE-----