LOUISVILLE, Ky., Sept. 30, 2013 (GLOBE NEWSWIRE) -- NTS Realty Holdings Limited Partnership (the "Company") (NYSE MKT:NLP) announced today that the special committee of the board of directors of NTS Realty Capital, Inc. ("Realty Capital"), the company's managing general partner, received a letter (the "Letter") from NTS Merger Parent, LLC ("Parent") and NTS Merger Sub, LLC ("Merger Sub") regarding the debt commitment letter (the "Commitment Letter") related to the Company's proposed merger with NTS Merger Sub, LLC under that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 27, 2012, among Parent, Merger Sub and the Company. The Commitment Letter provides that it will terminate if the facility contemplated by the Commitment Letter does not for any reason close by September 30, 2013 (the "Financing Termination Date"). The Letter provides that there has been no extension of the Financing Termination Date and that the facility contemplated by the Commitment Letter has not closed.
NTS Realty Holdings Limited Partnership Announces Termination Of Financing Commitment Letter Related To Going Private Merger Transaction
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