8-K 1 a5213947.txt AMERICAN CAMPUS COMMUNITIES, INC. 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 17, 2006 American Campus Communities, Inc. (Exact Name of Registrant as Specified in its Charter) Commission File Number: 001-32265 MD 760753089 (State or Other Jurisdiction Of (I.R.S. Employer Incorporation or Organization) Identification No.) 805 Las Cimas Parkway Suite 400 Austin, TX 78746 (Address of Principal Executive Offices, Including Zip Code) 512-732-1000 (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 (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(17CFR240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c)) ================================================================================ Items to be Included in this Report -------------------------------------------------------------------------------- Item 1.01 Entry into a Material Definitive Agreement On August 17, 2006, American Campus Communities, Inc., as Parent Guarantor, entered into a First Amended and Restated Credit Agreement among American Campus Communities Operating Partnership LP, the Subsidiary Guarantors listed on the signature pages thereto, KeyBank National Association, as Administrative Agent, and the other lenders that are signatories thereto, pursuant to which, among other items, the size of its $100 million unsecured revolving credit facility was increased to $115 million, and may be expanded by up to an additional $110 million upon the satisfaction of certain conditions. In addition, the maturity date of the amended and restated facility was extended two years to August 17, 2009, and contains more favorable financial covenants and lower interest rate spreads than those contained in the prior facility. The amended and restated facility is available to, among other things, fund future property development, acquisitions, and other working capital needs. The description herein of the amended facility is qualified in its entirety, and the terms therein are incorporated herein, by reference to the amended 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 Registrant The information set forth in Item 1.01 is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Title ------ ----- 99.1 First Amended and Restated Credit Agreement, dated as of August 17, 2006, among American Campus Communities Operating Partnership LP, American Campus Communities, Inc., as Parent Guarantor, the Subsidiary Guarantors listed on the signature pages thereto, KeyBank National Association, as Administrative Agent, and the other lenders that are signatories thereto. -------------------------------------------------------------------------------- Signature(s) 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. American Campus Communities, Inc. By: /s/ Jonathan Graf Date: August 22, 2006. -------------------------------- Senior Vice President, Chief Accounting Officer and Treasurer (Principal Accounting Officer) --------------------------------------------------------------------------------