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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 31, 2006
(Date of earliest event reported)
ENTERTAINMENT PROPERTIES TRUST
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(Exact name of registrant as specified in its charter)
Maryland 1-13561 43-1790877
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
30 West Pershing Road, Suite 201, Kansas City, Missouri 64108
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (816) 472-1700
Not Applicable
(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:
[ ] 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))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER
AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
On January 31, 2006, we amended and restated our existing revolving credit
facility by entering into a new $200,000,000 revolving credit facility with
KeyBank National Association as Agent and Lender and other lenders that are
parties to the facility. The Key Bank credit facility is unsecured and bears
interest at LIBOR plus 1.30% to 1.75% or the Applicable Base Rate plus 0.00% to
0.20%. The credit facility matures on January 31, 2009 and may be extended for
an additional year at our option. We may obtain advances under the credit
facility at the rate of 65% of the value of properties in the Borrowing Base, as
defined in the credit agreement, subject to maintenance of certain financial
covenants.
A copy of the credit agreement will be filed by amendment as an Exhibit to
this report.
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.
ENTERTAINMENT PROPERTIES TRUST
Dated: February 1, 2006 By: /s/ Fred L. Kennon
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Fred L. Kennon
Vice President, Treasurer and Chief
Financial Officer