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): December 28, 2001
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KOGER EQUITY, INC.
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(Exact Name of Registrant as Specified in Its Charter)
FLORIDA
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(State or Other Jurisdiction of Incorporation)
1-9997 59-2898045
(Commission File Number) (IRS Employer Identification No.)
433 PLAZA REAL, SUITE 335
BOCA RATON, FLORIDA 33432
(Address of Principal Executive Offices) (Zip Code)
(561) 395-9666
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(Registrant's Telephone Number, Including Area Code)
NA
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(Former Name or Former Address, if Changed Since Last Reports)
Item 5. Other Events
Reference is made to copies of loan documents dated as of December 28,
2001, evidencing a $125 million secured revolving credit facility provided Koger
Equity, Inc. by Fleet National Bank, Wells Fargo Bank, National Association,
Compass Bank, an Alabama banking corporation, and Comerica Bank, which documents
are filed as Exhibits 10(a)(1) through 10(a)(5)(C) to this report and to a Koger
News Release, dated January 8, 2002, concerning the same matter, which was
Exhibit 99(b) to a Form 8-K, dated January 8, 2002. These exhibits are
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
Number Description of Exhibit
10(a)(1) The Revolving Credit Loan Agreement dated as of December 28, 2001 among Koger
Equity, Inc. and Fleet National Bank, as Arranger and Administrative Agent,
and Wells Fargo Bank, National Association, as Syndication Agent, and The
Lenders Party Hereto.
10(a)(2)(A) The Revolving Credit Note dated January 8, 2002 issued by Koger Equity, Inc.
to Fleet National Bank in the principal amount of up to $55,000,000.
10(a)(2)(B) The Revolving Credit Note dated December 28, 2001 issued by Koger Equity, Inc.
to Wells Fargo Bank, National Association, in the principal amount of up to
$40,000,000.
10(a)(2)(C) The Revolving Credit Note dated December 28, 2001 issued by Koger Equity, Inc.
to Compass Bank, an Alabama banking corporation, in the principal amount of up
to $20,000,000.
10(a)(2)(D) The Revolving Credit Note dated January 8, 2002 issued by Koger Equity, Inc.
to Comerica Bank in the principal amount of up to $10,000,000.
10(a)(2)(E) The Swingline Note dated December 28, 2001 issued by Koger Equity, Inc. to
Fleet National Bank in the principal amount of up to $2,500,000.
10(a)(3)(A) The Deed to Secure Debt and Security
Agreement dated as of December 28, 2001
relating to that portion of the Collateral
located in the State of Georgia granted by
Koger Equity, Inc. to, and in favor of, the
Lenders.
10(a)(3)(B) The Deed of Trust and Security Agreement
dated as of December 28, 2001 relating to
that portion of the Collateral located in
the State of North Carolina granted by Koger
Equity, Inc. to, and in favor of, the
Lenders.
10(a)(3)(C) The Mortgage and Security Agreement dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Florida granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(4)(A) The Assignment of Leases and Rents dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Georgia granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(4)(B) The Assignment of Leases and Rents dated as
of December 28, 2001 relating to that
portion of the Collateral located in the
State of North Carolina granted by Koger
Equity, Inc. to, and in favor of, the
Lenders.
10(a)(4)(C) The Assignment of Leases and Rents dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Florida granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(5)(A) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of Georgia.
10(a)(5)(B) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of North Carolina.
10(a)(5)(C) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of Florida.
99 Koger Equity, Inc. News Release dated January 8, 2002. Incorporated by
reference to Exhibit 99(b) on Form 8-K, dated January 8, 2002, filed by the
Registrant on February 12, 2002 (File No. 1-9997)
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.
KOGER EQUITY, INC.
Dated: February 26, 2002 By: S/James L. Stephens
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James L. Stephens
Title: Vice President and
Chief Accounting Officer
EXHIBIT INDEX
The following designated exhibits are filed herewith:
Exhibit
Number Description of Exhibit
10(a)(1) The Revolving Credit Loan Agreement dated as of December 28, 2001 among Koger
Equity, Inc. and Fleet National Bank, as Arranger and Administrative Agent,
and Wells Fargo Bank, National Association, as Syndication Agent, and The
Lenders Party Hereto.
10(a)(2)(A) The Revolving Credit Note dated January 8, 2002 issued by Koger Equity, Inc.
to Fleet National Bank in the principal amount of up to $55,000,000.
10(a)(2)(B) The Revolving Credit Note dated December 28, 2001 issued by Koger Equity, Inc.
to Wells Fargo Bank, National Association, in the principal amount of up to
$40,000,000.
10(a)(2)(C) The Revolving Credit Note dated December 28, 2001 issued by Koger Equity, Inc.
to Compass Bank, an Alabama banking corporation, in the principal amount of up
to $20,000,000.
10(a)(2)(D) The Revolving Credit Note dated January 8, 2002 issued by Koger Equity, Inc.
to Comerica Bank in the principal amount of up to $10,000,000.
10(a)(2)(E) The Swingline Note dated December 28, 2001 issued by Koger Equity, Inc. to
Fleet National Bank in the principal amount of up to $2,500,000.
10(a)(3)(A) The Deed to Secure Debt and Security
Agreement dated as of December 28, 2001
relating to that portion of the Collateral
located in the State of Georgia granted by
Koger Equity, Inc. to, and in favor of, the
Lenders.
10(a)(3)(B) The Deed of Trust and Security Agreement
dated as of December 28, 2001 relating to
that portion of the Collateral located in
the State of North Carolina granted by Koger
Equity, Inc. to, and in favor of, the
Lenders.
10(a)(3)(C) The Mortgage and Security Agreement dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Florida granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(4)(A) The Assignment of Leases and Rents dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Georgia granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(4)(B) The Assignment of Leases and Rents dated as
of December 28, 2001 relating to that
portion of the Collateral located in the
State of North Carolina granted by Koger
Equity, Inc. to, and in favor of, the
Lenders.
10(a)(4)(C) The Assignment of Leases and Rents dated as of December 28, 2001 relating to
that portion of the Collateral located in the State of Florida granted by
Koger Equity, Inc. to, and in favor of, the Lenders.
10(a)(5)(A) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of Georgia.
10(a)(5)(B) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of North Carolina.
10(a)(5)(C) The Indemnity Agreement Regarding Hazardous
Materials, dated as of December 28, 2001,
relating to that portion of the Collateral
located in the State of Florida.
99 Koger Equity, Inc. News Release dated January 8, 2002. Incorporated by
reference to Exhibit 99(b) on Form 8-K, dated January 8, 2002, filed by the
Registrant on February 12, 2002 (File No. 1-9997)