UNITED
STATES
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)
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December
28, 2007 (December 28, 2007)
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Anthracite
Capital, Inc.
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(Exact
name of registrant as specified in its charter)
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Maryland
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001-13937
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13-3978906
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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40
East 52nd Street, New York, New York
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10022
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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(212)
810-3333
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N/A
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(Former
name or former address, if changed since last
report)
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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):
[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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Item
1.01.
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Entry
into a Material Definitive
Agreement.
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On
December 28, 2007, Anthracite Capital, Inc. (the “Company”) received a waiver
from its compliance with the GAAP book value covenant at December 31, 2007
in
the $100 million multicurrency secured credit facility described
below.
The
parties to the Waiver and Agreement, dated as of December 28, 2007, are the
Company, AHR Capital BOFA Limited and Bank of America, N.A. Bank of
America, N.A. is the lender under the Credit Agreement, dated as of March
17,
2006, among itself, AHR Capital BOFA Limited, as borrower, the Company, as
the
borrower agent, and the other borrowers from time to time party
thereto. The Company is guarantor of borrowings under the Credit
Agreement under a related guaranty.
Bank
of
America, N.A. and its affiliates have from time to time provided other
financial services, including investment banking services, to the Company,
BlackRock Financial Management, Inc., the manager of the Company, and their
respective affiliates, for which they received customary
compensation.
The
above
summary is not complete and is qualified in its entirety by reference to
the
full
text
of the Waiver and Agreement, a copy of which is attached to this Current
Report on Form 8-K as Exhibit 10.1 and incorporated herein by
reference.
Item
9.01.
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Financial
Statements and Exhibits.
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(d)
Exhibits.
Exhibit
Number
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Description
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10.1
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Waiver
and Agreement, dated as of December 28,
2007
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SIGNATURE
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/
Vincent B. Tritto
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Name:
Vincent
B. Tritto
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Title: Secretary
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Dated:
December 28, 2007
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