WHEELER REAL ESTATE INVESTMENT TRUST, INC. : Termination of a material definitive agreement, other events, financial statements and supporting documents (form 8-K)


Item 1.02 Termination of a Material Definitive Agreement

As previously stated, the March 12, 2021, Wheeler Real Estate Investment Trust, Inc., a Maryland company (the “Company”), has entered into a financing agreement (the “Financing Agreement”) by and between the Company, as borrower, certain subsidiaries of the Company from time to time which are parties thereto, as as guarantors (with the Company, “Parties to the loan”), the lenders from time to time who are parties thereto, and Wilmington Savings Fund Company, FSB, as administrative agent and guarantee agent (the “Guarantee Agent”), providing a term loan in the aggregate principal amount of $ 35.0 million (a loan”).

At December 6, 2021, the Company voluntarily prepaid the Loan in an amount of
$ 16,970,999, which included the applicable premium in the amount of $ 808,142.

At December 21, 2021, the Company voluntarily repaid the loan in full for an amount of $ 20,246,236.12, which included the applicable premium in the amount of $ 941,857.20 and the accrued interest of October 15, 2021, in a quantity of $ 467,234.92.

In connection with this repayment, the collateral agent’s liens on all property of the parties to the loan that secured obligations under the financing agreement and all other loan documents (as defined in the financing agreement) were automatically and immediately released and terminated.

Item 8.01. Other Events.

At December 28, 2021, the Board of Directors of the Company sent a letter to Daniel Khochaba, former CEO of the company. A copy of this letter is attached as Exhibit 99.1 herein and is incorporated herein by reference.

Item 9.01 Financial statements and supporting documents

(d) Exhibits.

Exhibit No.   Description
99.1             Letter to Daniel Khoshaba dated December 28, 2021.
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)


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