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 17, 2002
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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
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(Commission File Number) (IRS Employer Identification No.)
433 PLAZA REAL, SUITE 335
BOCA RATON, FLORIDA 33432
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(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)
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Item 5. Other Events
Reference is made to copies of loan documents dated as of December 17,
2002, evidencing an $85 million loan made by the Metropolitan Life Insurance
Company to Koger Ravinia, LLC, a Delaware limited liability company, whose sole
member is Koger Equity, Inc. which loan is secured by the Three Ravinia
Building, located in the Atlanta metropolitan area in DeKalb County, Georgia,
which documents are filed as Exhibits 10(a) through 10(j) to this report and to
a Koger News Release, dated December 18, 2002, concerning the same matter, which
is Exhibit 99 to a Form 8-K, dated December 18, 2002. These exhibits are
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
Number Description of Exhibit
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10(a) Deed to Secure Debt, Security Agreement and Fixture Filing dated
as of December 17, 2002 by Koger Ravinia, LLC, as Grantor, to
Metropolitan Life Insurance Company, as Grantee.
10(b) Promissory Note dated December 17, 2002 between Koger Ravinia,
LLC, and Metropolitan Life Insurance Company, in the principal
amount of $85,000,000.
10(c) Unsecured Indemnity Agreement dated December 17, 2002 between
Koger Ravinia, LLC, and Metropolitan Life Insurance Company.
10(d) Assignment of Leases dated December 17, 2002 relating to that
portion of the Collateral, granted by Koger Ravinia, LLC, to,
and in favor of, the Metropolitan Life Insurance Company.
10(e) Guaranty Agreement dated December 17, 2002, by Koger Equity,
Inc. for benefit of Metropolitan Life Insurance Company.
10(f) Affidavit of Ownership and Certification of Borrower of Koger
Ravinia, LLC, dated December 17, 2002.
10(g) Subordination of Management/Lease Agreement to Deed dated
December 17, 2002, by Koger Equity, Inc.
10(h) Letter Agreement Regarding Impositions dated December 17, 2002,
of Metropolitan Life Insurance Company.
10(i) Letter Agreement Regarding Premiums dated December 17, 2002, of
Metropolitan Life Insurance Company.
10(j) Assignment and Security Agreement dated December 17, 2002,
between Koger Ravinia, LLC, and Metropolitan Life Insurance
Company.
99 Koger Equity, Inc. News Release, dated December 18, 2002.
Incorporated by reference to Exhibit 99 on Form 8-K, dated
December 18, 2002.
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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: December 17, 2002 By: /S/ Thomas J. Crocker
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Thomas J. Crocker
Title: Chief Executive Officer
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EXHIBIT INDEX
The following designated exhibits are filed herewith:
Exhibit
Number Description of Exhibit
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10(a) Deed to Secure Debt, Security Agreement and Fixture Filing
dated as of December 17, 2002 by Koger Ravinia, LLC, as
Grantor, to Metropolitan Life Insurance Company, as Grantee.
10(b) Promissory Note dated December 17, 2002 between Koger
Ravinia, LLC, and Metropolitan Life Insurance Company, in
the principal amount of $85,000,000.
10(c) Unsecured Indemnity Agreement dated December 17, 2002
between Koger Ravinia, LLC, and Metropolitan Life Insurance
Company.
10(d) Assignment of Leases dated December 17, 2002 relating to
that portion of the Collateral, granted by Koger Ravinia,
LLC, to, and in favor of, the Metropolitan Life Insurance
Company.
10(e) Guaranty Agreement dated December 17, 2002, by Koger
Equity, Inc. for benefit of Metropolitan Life Insurance
Company.
10(f) Affidavit of Ownership and Certification of Borrower of
Koger Ravinia, LLC, dated December 17, 2002.
10(g) Subordination of Management/Lease Agreement to Deed dated
December 17, 2002, by Koger Equity, Inc.
10(h) Letter Agreement Regarding Impositions dated December 17,
2002, of Metropolitan Life Insurance Company.
10(i) Letter Agreement Regarding Premiums dated December 17,
2002, of Metropolitan Life Insurance Company.
10(j) Assignment and Security Agreement dated December 17, 2002,
between Koger Ravinia, LLC, and Metropolitan Life Insurance
Company.
99 Koger Equity, Inc. News Release, dated December 18, 2002.
Incorporated by reference to Exhibit 99 on Form 8-K, dated
December 18, 2002.
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