0000934543-11-000029.txt : 20111020 0000934543-11-000029.hdr.sgml : 20111020 20111020155044 ACCESSION NUMBER: 0000934543-11-000029 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111020 DATE AS OF CHANGE: 20111020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CHURCH MORTGAGE CO CENTRAL INDEX KEY: 0000934543 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 411793975 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-154831 FILM NUMBER: 111150288 BUSINESS ADDRESS: STREET 1: 10237 YELLOW CIRCLE DRIVE STREET 2: STE 700 CITY: MINNEAPOLIS STATE: MN ZIP: 55343 BUSINESS PHONE: 6129459455 MAIL ADDRESS: STREET 1: 10237 YELLOW CIRCLE DR CITY: MINNEAPOLIS STATE: MN ZIP: 55343 424B3 1 suppfrm8k01811.htm SUPPLEMENT TO PROSPECTUS

 

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-154831

 

AMERICAN CHURCH MORTGAGE COMPANY

SUPPLEMENT NO. 3 DATED OCTOBER 20, 2011

TO THE PROSPECTUS DATED JUNE 28, 2011

 

This document supplements, and should be read in conjunction with, our prospectus dated June 28, 2011, as supplemented by Supplement No. 1 dated July 20, 2011 and Supplement No. 2 dated August 12, 2011, relating to our offering of $20,000,000 worth of Series C Secured Investor Certificates. Unless otherwise defined in this Supplement No. 3, capitalized terms used have the same meanings as set forth in the prospectus. The purpose of this Supplement No. 3 is to disclose information regarding the Company’s recent termination of its loan agreement and related note payoff, as disclosed in the Company’s Current Report on Form 8-K, as filed with the Securities and Exchange Commission on October 18, 2011, which is attached to this supplement as Annex A.

 

 
 

Annex A

 

Current Report on Form 8-K

Filed October 18, 2011

 

 

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) October 12, 2011
 
American Church Mortgage Company
(Exact name of registrant as specified in its charter)
 
Minnesota 33-87570 41-1793975 
(State or other jurisdiction (Commission   (IRS Employer 
of incorporation) File Number) Identification No.)  
     
     
10237 Yellow Circle Drive, Minnetonka, MN 55343
(Address of principal executive offices) (Zip Code)
     
Registrant’s telephone number, including area code (952) 945-9455

 

 

(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 Instructions 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 1.02. Termination of a Material Definitive Agreement.

 

As previously disclosed, on September 12, 2008, American Church Mortgage Company (the “Company”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Beacon Bank, as lender (the “Lender”), and a Revolving Note (the “Note”) evidencing an $8 million revolving loan (the “Revolving Loan”). Total availability under the Revolving Loan was initially limited to $4.5 million, subject to certain circumstances. Advances under the Loan Agreement were based upon, among other things, a borrowing base calculation and were available to the Company for use in connection with its general business purposes. The Revolving Loan was secured by a first priority security interest in substantially all of the Company’s assets other than collateral pledged to secure the Company’s secured investor certificates.

 

On October 12, 2011, the Company paid off the approximately $800,000 balance outstanding under the Note and the Loan Agreement was terminated without penalty.

 

The discussion herein regarding the Loan Agreement and Note is qualified in its entirety by reference to the Form of Loan and Security Agreement and the Form of Revolving Note attached as Exhibits 10.1 and 10.2 to the Company’s Current Report on Form 8-K filed on September 17, 2008, and by reference to the Commercial Debt Modification Agreement attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 8, 2010, all of which are incorporated by reference into this Item 1.02.

 

 
 

 

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.

 

 

American Church Mortgage Company

Date: October 18, 2011

By /s/ Scott J. Marquis

Chief Financial Officer

 

 

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