Grubb & Ellis gets loan waiver of requirements to provide financials

By Sara Rosenberg

New York, April 20 - Grubb & Ellis Co. obtained a limited waiver under its credit facility regarding compliance with requirements to dispose of certain real estate properties and deliver audited year-end financial reports, according to an 8-K filed with the Securities and Exchange Commission on Monday.

The waiver was received on April 14 and is in effect through April 28.

Deutsche Bank is the administrative agent on the deal.

The company is currently in negotiations with lenders to amend the facility, including the provisions that are the subject of the waiver.

Grubb & Ellis is a Santa Ana, Calif.-based commercial real estate services company.

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