UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On April 2, 2024, UMH Properties, Inc. (“UMH” or the “Company”) expanded its existing unsecured revolving credit facility (the “Facility”) from $180 million in available borrowings to $260 million in available borrowings. The Facility is syndicated with three banks, BMO Capital MarketsCorp. (“BMO”), JPMorgan Chase Bank, N.A. (“JPMorgan”) and Wells Fargo Bank, N.A. (“Wells Fargo”) as joint arrangers and joint book runners, with Bank of Montreal as administrative agent.
The Commitment Amount Increase Request is attached hereto as Exhibit 10.1. A copy of the press release announcing the above transaction is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 7.01 Regulation FD Disclosure
On April 3, 2024, the Company issued a press release announcing that it expanded its existing unsecured revolving credit facility.
Item 9.01 Financial Statements and Exhibits.
| (d) | The following exhibits are filed as part of this report: |
| (10.1) | Commitment Amount Increase Request | |
| (99.1) | Press Release dated April 3, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| UMH Properties, Inc. | ||
| Date: April 4, 2024 | By: | /s/ Anna T. Chew |
| Name: | Anna T. Chew | |
| Title: | Executive Vice President and Chief Financial Officer | |
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