cap8k.htm
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): July 30,
2007
CAPITAL
TRUST, INC.
(Exact
Name of Registrant as specified in its charter)
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Maryland
(State
or other jurisdiction
of
incorporation)
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1-14788
(Commission
File
Number)
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94-6181186
(IRS
Employer
Identification
No.)
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410
Park Avenue, 14th Floor, New York, NY 10022
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code: (212)
655-0220
N/A
(Former
name or former address, if changed since last report)
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 (see General Instruction A.2. below):
[
]
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))
Item 1.01
Entry
Into a
Material Definitive Agreement.
On
July 30, 2007, Capital Trust, Inc.
(the “Company”) entered into a Master Repurchase Agreement with Citigroup Global
Markets, Inc. and Citigroup Financial Products Inc. (the
“Agreement”). The Agreement provides for a maximum aggregate purchase
price of $250 million with a rolling one-year term and individual financing
commitments of up to three years. Subject to the terms and conditions
thereof, the Agreement provide for the purchase, sale and repurchase of, inter
alia, commercial mortgage loans, commercial real estate mezzanine loans, B-notes
and commercial mortgage-backed securities and bears interest at varying rates
over LIBOR based upon the type of asset included in the repurchase obligation.
The foregoing description is qualified in its entirety by reference to the
Agreement, which will be attached as an exhibit to the Company's Quarterly
Report on Form 10-Q for the quarter ending September 30, 2007 which the Company
intends to file in November 2007.
Item
8.01 Other Events.
As
previously disclosed, on November 1,
2006, the Company entered into a $250 million Master Repurchase Agreement with
JPMorgan Chase Bank, N.A. (the “JPMorgan Agreement”). On July 30, 2007, the
Company extended the “Maturity Date” (as defined in the JPMorgan Agreement)
until October 30, 2008.
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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CAPITAL
TRUST, INC. |
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By:
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/s/
Geoffrey G. Jervis |
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Name:
Geoffrey G. Jervis |
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Title:
Chief Financial Officer |
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Date:
July 31, 2007