Greystone Housing Impact Investors LP Files 8-K

TL;DR

Greystone Housing Impact Investors LP filed an 8-K detailing new agreements and terminations.

AI Summary

On June 24, 2024, Greystone Housing Impact Investors LP entered into a material definitive agreement and terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements, terminations, and financial obligations were not provided in this filing.

Why It Matters

This filing indicates significant changes in Greystone Housing Impact Investors LP's contractual and financial obligations, which could impact its financial health and operational strategy.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and financial obligations, suggesting potential shifts in the company's financial structure or operations.

Key Players & Entities

• Greystone Housing Impact Investors LP (company) — Registrant
• June 24, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 47-0810385 (identifier) — IRS Employer Identification No.
• 001-41564 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $25,000 — Trust an extension fee in the amount of $25,000. Revolving Line of Credit Note In c
• $50,000,000 — Trust with a commitment amount of up to $50,000,000 dated June 24, 2024, which replaced in

Filing Documents

• ghi-20240624.htm (8-K) — 59KB
• ghi-ex10_1.htm (EX-10.1) — 29KB
• ghi-ex10_2.htm (EX-10.2) — 23KB
• 0000950170-24-078493.txt ( ) — 242KB
• ghi-20240624.xsd (EX-101.SCH) — 27KB
• ghi-20240624_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Fourth Amendment to Amended and Restated Credit Agreement On June 24, 2024, Greystone Housing Impact Investors LP (the "Partnership") entered into a Fourth Amendment to Amended and Restated Credit Agreement (the "Fourth Amendment") with Bankers Trust Company ("Bankers Trust") which modifies certain provisions of the Amended and Restated Credit Agreement (the "Amended Credit Agreement") between the Partnership and Bankers Trust dated August 23, 2021, as amended by the First Amendment to Amended and Restated Credit Agreement dated April 29, 2022 (the "First Amendment"), the Second Amendment to Amended and Restated Credit Agreement dated July 29, 2022 (the "Second Amendment"), and the Third Amendment to Amended and Restated Credit Agreement dated June 27, 2023 (the "Third Amendment"). The material amendments to the Amended Credit Agreement accomplished by the Fourth Amendment included the modification of the Revolving Loan Maturity Date (as defined in the Amended Credit Agreement) to June 30, 2025 and the addition of a new Financed Asset category defined as taxable or tax-exempt loans secured by master lease agreements guaranteed by Investment Grade Tenants (as defined in the Fourth Amendment), provided that any advance made under such category shall have a repayment date of the 45th day following such advance. In connection with the Fourth Amendment, the Partnership paid Bankers Trust an extension fee in the amount of $25,000. Revolving Line of Credit Note In connection with the Fourth Amendment, the Partnership also executed a new Revolving Line of Credit Note (the "Note") payable to the order of Bankers Trust with a commitment amount of up to $50,000,000 dated June 24, 2024, which replaced in its entirety the Revolving Line of Credit Note dated July 29, 2022 made by the Partnership payable to the order of Bankers Trust (the "Prior Note"). The material amendment to the Prior Note accomplished by the Note

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement. The information included in Item 1.01 above with respect to the replacement of the Prior Note dated July 29, 2022 with the Note dated June 24, 2024 is incorporated by reference into this Item 1.02. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in Item 1.01 above is incorporated by reference into this Item 2.03.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this report are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as "believe," "expect," "future," "anticipate," "intend," "plan," "foresee," "may," "should," "will," "estimates," "potential," "continue," or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. Exhibit Number Description 10.1 Fourth Amendment to Amended and Restated Credit Agreement dated June 24, 2024 between Greystone Housing Impact Investors LP and Bankers Trust Company. 10.2 Revolving Line of Credit Note dated June 24, 2024 between Greystone Housing Impact Investors LP and Bankers Trust Company. 10.3 Amended and Restated Credit Agreement dated August 23, 2021 between America First Multifamily Investors, L.P. (now known as Greystone Housing Impact Investors LP) and Bankers Trust Company (incorporated herein by reference to Exhibit 10.1 to Form 8-K (No. 000-24843), filed by the Partnership on August 25, 2021). 10.4 First Amendment to Amended and Restated Credit Agreement dated April 29, 2022 between America First Multifamily Investors, L.P. (now known as Greystone Housing Impact Investors LP) and Bankers Trust Company (incorporated herein by reference to Exhibit 10.1 to Form 8-K (No. 000-24843), filed by the Partnership on April 29, 2022). 10.5 Second Amendment to Amended and Restated Credit Agreement dated July 29, 2022 between America First Multifamily Investors, L.P. (now known as Greystone Housing Impact Investors LP) and Bankers Trust Company (incorporated herein by reference to Exhibit 10.1 to Form 8-K (No. 000-24843), filed by the Partnership on August 1, 2022). 10.6 Third Amendment to Amended and Restated Credit Agreement dated June 27, 2023 between Greystone Housing Impact Investors LP and Bankers Trust Company (incorporated herein by reference to Exhibit 10.1 to Form 8-K (No. 001-41564), filed by the Partnership on June 29, 2023). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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 thereunto duly authorized. Greystone Housing Impact Investors LP Date: June 27, 2024 By: /s/ Jesse A. Coury Printed: Jesse A. Coury Title: Chief Financial Officer

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View this 8-K filing on SEC EDGAR