Resource America extends maturity of 9% senior notes to 2015

By Marisa Wong

Madison, Wis., Dec. 18 - Resource America, Inc. extended the maturity date of its $10 million of 9% senior notes originally due 2013, according to an 8-K filed with the Securities and Exchange Commission.

The new maturity date is March 31, 2015.

According to the filing, all other terms of the notes, including the detachable warrants issued with the notes, remain unchanged.

In connection with the amendment, which was completed on Dec. 18, the company paid all holders of the 9% notes a 1% incentive fee.

Resource America is a Philadelphia-based asset management company.

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