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MARYLAND
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001-35657
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46-0633510
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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Item 1.01
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Entry into a Material Definitive Agreement
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revised the maturity date of the facility to April 3, 2020;
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reduced the interest rate spread over one-month LIBOR from 3.00% to 2.30%;
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made the aggregate borrowing amount of $250.0 million uncommitted but available to the Company subject to certain eligibility requirements;
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amended the definition of funding value, effectively improving certain advance rates under the facility; and
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modified the facility's fee structure, resulting in a net reduction of fees to the Company.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
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Exhibit No.
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Description
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Amendment No. 2 to Second Amended and Restated Loan and Security Agreement, dated as of April 5, 2019, among Nomura Corporate Funding Americas, LLC, and ARLP REO I, LLC, on behalf of itself and with respect to QRS Series of ARLP REO I, LLC and TRS Series of ARLP REO I, LLC; ARLP REO II, LLC, on behalf of itself and with respect to QRS Series of ARLP REO II, LLC and TRS Series of ARLP REO II, LLC; ARLP REO III, LLC, on behalf of itself and with respect to QRS Series of ARLP REO III, LLC and TRS Series of ARLP REO III, LLC; ARLP REO IV, LLC, on behalf of itself and with respect to QRS Series of ARLP REO IV, LLC and TRS Series of ARLP REO IV, LLC; ARLP REO V, LLC, on behalf of itself and with respect to QRS Series of ARLP REO V, LLC and TRS Series of ARLP REO V, LLC; ARLP REO VI, LLC, on behalf of itself and with respect to QRS Series of ARLP REO VI, LLC and TRS Series of ARLP REO VI, LLC; ARLP REO VII, LLC, on behalf of itself and with respect to QRS Series of ARLP REO VII, LLC and TRS Series of ARLP REO VII, LLC; ARLP REO 400, LLC, on behalf of itself and with respect to QRS Series of ARLP REO 400, LLC and TRS Series of ARLP REO 400, LLC; and ARLP REO 500, LLC, on behalf of itself and with respect to QRS Series of ARLP REO 500, LLC and TRS Series of ARLP REO 500, LLC and each other Delaware limited liability company that is organized in series that may be subsequently added as a party thereto.
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Front Yard Residential Corporation
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April 10, 2019
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By:
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/s/ Robin N. Lowe
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Robin N. Lowe
Chief Financial Officer
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NOMURA CORPORATE FUNDING AMERICAS, LLC
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By:
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/s/ Sanil Patel
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Name:
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Sanil Patel
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Title:
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Managing Director
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ARLP REO I, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO II, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO III, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO IV, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO V, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO VI, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO VII, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO 400, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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ARLP REO 500, LLC
, on behalf of itself and each of its Series
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By:
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ARLP I, LLC,
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as manager
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By:
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Front Yard Residential, L.P.,
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its manager
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By:
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Front Yard Residential GP, LLC,
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its general partner
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By:
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Front Yard Residential Corporation,
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its sole member
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By:
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/s/ Robin N. Lowe
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Name:
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Robin N. Lowe
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Title:
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Chief Financial Officer
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