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): October 29, 2014
CNL LIFESTYLE PROPERTIES, INC.
(Exact Name of Registrant as Specified in its Charter)
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| Maryland | | 000-51288 | | 20-0183627 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
450 South Orange Ave.
Orlando, Florida 32801
(Address of Principal Executive Offices; Zip Code)
Registrant’s telephone number, including area code: (407) 650-1000
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)) |
Refinance of Loan on Dallas Market Center Property
CNL Lifestyle Properties, Inc. (the “Company”) indirectly owns through a joint venture 81.98% of the partnership interests in the Dallas Market Center.
On October 29, 2014, existing loans collateralized by the Dallas Market Center were refinanced in their entirety pursuant to a first mortgage loan provided by a third-party lender in the original aggregate principal amount of $131,500,000 with an interest rate equal to one-month LIBOR plus 175 basis points, subject to a LIBOR floor of 0.25% (the “Bridge Loan”). The maturity date of the Bridge Loan is May 9, 2015, with one six-month extension option.
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.
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| Date: October 29, 2014 | | | | | | CNL HEALTHCARE PROPERTIES, INC. |
| | | | | | a Maryland Corporation |
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| | | | By: | | /s/ Joseph T. Johnson |
| | | | Name: Title: | | Joseph T. Johnson Chief Financial Officer, Senior Vice President and Treasurer |
