-----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, K9BTza4XhKW7hD6X3fxtv+SxCz/xu91/acDzHHfyXologXOgohiniUfXHKt0Fn72 stqgJNLz02sA/2gVC+mb8g== 0001466225-10-000019.txt : 20100909 0001466225-10-000019.hdr.sgml : 20100909 20100909170232 ACCESSION NUMBER: 0001466225-10-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100902 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20100909 DATE AS OF CHANGE: 20100909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RESOURCE AMERICA, INC. CENTRAL INDEX KEY: 0000083402 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 720654145 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04408 FILM NUMBER: 101064869 BUSINESS ADDRESS: STREET 1: ONE CRESCENT DRIVE, SUITE 203 STREET 2: NAVY YARD CORPORATE CENTER CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: 215-546-5005 MAIL ADDRESS: STREET 1: ONE CRESCENT DRIVE, SUITE 203 STREET 2: NAVY YARD CORPORATE CENTER CITY: PHILADELPHIA STATE: PA ZIP: 19112 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE AMERICA INC DATE OF NAME CHANGE: 20061214 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE AMERICA LLC DATE OF NAME CHANGE: 20060928 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE AMERICA INC DATE OF NAME CHANGE: 19920703 8-K 1 rexi8k.htm FORM 8-K rexi8k.htm
 
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): September 2, 2010
 
Resource America, Inc.
(Exact name of registrant as specified in its chapter)
 
Delaware
  
0-4408
  
72-0654145
(State or Other Jurisdiction
  
(Commission
  
(IRS Employer
of Incorporation)
  
File Number)
  
Identification No.)
         
One Crescent Drive, Suite 203,
Navy Yard Corporate Center
Philadelphia, PA
      
19112
(Address of Principal Executive Offices)
      
(Zip Code)
 
Registrant's telephone number, including area code: 215-546-5005
 
(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:
 
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.
 
LEAF Financial Corporation is a subsidiary of the registrant.  On September 2, 2010, LEAF Financial completed a short-term bridge financing pursuant to which it may borrow up to $21.5 million as it originates equipment leases and loans.  Under the financing, LEAF Funding SPE 1, LLC, a newly formed subsidiary of LEAF Financial, entered into an indenture with U.S. Bank National Association, as trustee and custodian.  Pursuant to the indenture LEAF Funding SPE 1, LLC issued notes which are asset-backed debt, which may be drawn against as equipment leases and loans are provided as security.  Guggenheim Securities, LLC and its affiliate are the lenders under the notes.  The blended interest rate of the notes is 6.98% on the amounts outstanding.&# 160; The maturity date for the notes is February 20, 2011.  Interest and principal are due on each class of notes on a monthly basis as lease and loan payments are received.  The indenture contains events of default customary for a short term financing.  LEAF Financial has guaranteed the payment of the notes.  The registrant is not an obligor or a guarantor under the indenture, and the indenture is non-recourse to the registrant.
 
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
See Item 1.01 above which by this reference is hereby incorporated as if stated in full herein.
 
 
 
 
 
 
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.
 
     
 
Resource America, Inc.
     
Date: September 9, 2010
By:
/s/ Thomas C. Elliott
 
Thomas C. Elliott
 
Senior Vice President and Chief Financial Officer
 

 
 

 
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