form8k_apr08.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):
April 16,
2008
Cadiz
Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
|
0-12114
|
77-0313235
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
550
South Hope Street, Suite 2850, Los Angeles, California
|
90071
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area code: (213) 271-1600
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:
[
] 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
8.01 Other Events
On April
16, 2008, Cadiz Inc. ("Cadiz") was advised that LC Capital Master Fund, Ltd.
("LC Capital") has purchased the 90% interest of Peloton Multi-Strategy Master
Fund, Ltd. ("Peloton Fund") in that certain Credit Agreement dated as of June
26, 2006 (as amended, the "Credit Agreement") by and among Cadiz, Cadiz Real
Estate LLC ("CRE"), the several lenders from time to time parties thereto and
Peloton Partners LLP ("Peloton Partners") as administrative agent. LC
Capital is an affiliate of Lampe Conway & Company LLC ("Lampe
Conway").
Following
the purchase by LC Capital of Peloton Fund's interest in the Credit Agreement,
Peloton Partners will be replaced as administrative agent under the Credit
Agreement by a Lampe Conway affiliate.
Under the
terms of the Credit Agreement, both the sale of Peloton Fund's interest in the
Credit Agreement and the replacement of the administrative agent required the
consents of Cadiz and CRE, which consents were granted prior to the completion
of the transaction. Aside from the granting of such consents, neither
Cadiz nor CRE were parties to the transaction.
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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By:
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/s/ O'Donnell Iselin II |
| |
O'Donnell
Iselin II |
| |
Chief
Financial Officer |
Dated: April
17, 2008