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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) November 18, 1999
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EBS Building, L.L.C.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-24167 43-1794872
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(Commission File Number) (I.R.S. Employer Identification No.)
c/o PricewaterhouseCoopers LLP
800 Market Street
St. Louis, Missouri 63101-2695
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(Address of Principal Executive Offices) (Zip Code)
(314) 206-8500
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, If Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
EBS Building, L.L.C. (the "Company") was organized for the exclusive
purposes of acquiring, owning, managing, maintaining, repairing, leasing,
selling, hypothecating, mortgaging or otherwise dealing with the building
located at 501 North Broadway in downtown St. Louis, Missouri (the "Building"),
and for receiving, administering and distributing any disposition proceeds
relating thereto. All of the Company's income is derived from the rental of
office space in the Building.
On March 9, 1999, Edison Brothers Stores, Inc. ("Edison"), the
Building's largest tenant, filed, together with seven of its affiliates, for
Chapter 11 bankruptcy in the U.S. Bankruptcy court in Delaware. On October 8,
1999, Edison filed a motion to extend the period within which they may assume or
reject their lease with the Company to February 29, 2000. On November 18, 1999,
the Company entered into an amendment to Edison's lease dated September 30,
1998. A copy of the September 30, 1998 lease has been filed as Exhibit 10.7 of
the Company's Form 10-QSB filed on November 13, 1998. Such amendment calls for
Edison to surrender approximately 177,676 square feet of rentable space on or
prior to November 30, 1998, reducing Edison's rentable office space to 28,774
square feet or approximately 7% of the Building's total office space. In
addition, Edison is required to surrender 10,187 square feet on or prior to
December 31, 1999, thereby reducing Edison's rentable square footage to 18,587
square feet or approximately 4% of total office space. Effective December 1,
1999, the rental rate for Edison's space will increase from $9 to $17 per square
foot. The amended Edison lease expires on March 31, 2000 with the right to
extend on a month-to-month basis thereafter, but in no event beyond June 30,
2000.
The Company plans to seek additional leasing agreements for the space
to be vacated by Edison. In addition, the Company continues to actively market
the Building for sale.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description of Exhibit
10.20 First Amendment to Lease dated November 18, 1999 by and
between EBS Building, L.L.C. and Edison Brothers Stores, Inc.
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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.
EBS BUILDING, L.L.C.
(Registrant)
By: PricewaterhouseCoopers LLP, as Manager
Date: November 24, 1999 By: /s/ Keith F. Cooper
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Keith F. Cooper
Partner - PricewaterhouseCoopers LLP
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EXHIBIT INDEX
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Exhibit No. Description of Exhibit
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10.20 First Amendment to Lease dated November 18, 1999 by and
between EBS Building, L.L.C. and Edison Brothers Stores, Inc.