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)
March 13, 1998 (March 3, 1998)
ENTERTAINMENT PROPERTIES TRUST
(Exact name of Registrant as specified in its charter)
Maryland 43-179877
(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One Kansas City Place
1200 Main Street, Suite 3250, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816)472-1700
________________________________________________________________
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
Entertainment Properties Trust (the "Company") issued press
releases on March 3, 1998 and March 4, 1998, copies of which are
attached hereto as Exhibit 99.1 through 99.2 and are incorporated
herein by reference.
TABLE OF PRESS RELEASE DATES
Date Subject
March 3, 1998 Closing of $200 Million Credit Facility
March 4, 1998 Addition of Chicago Megaplex Theatre
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following Exhibits are filed with this
report:
Exhibit No. Description
99.1 Press Release, issued March 3, 1998.
99.2 Press Release, issued March 4, 1998.
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.
ENTERTAINMENT PROPERTIES TRUST
By: /s/ David M. Brain
David M. Brain, Chief
Financial Officer
Date: March 13, 1998
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: Jon Weis
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700
Joe Keenan, Sturges + Word
(816) 221-7500
ENTERTAINMENT PROPERTIES TRUST ANNOUNCES
CLOSING OF $200 MILLION CREDIT FACILITY
KANSAS CITY, Mo. (March 3, 1998) Entertainment Properties
Trust (EPR:NYSE), a Real Estate Investment Trust (REIT) that owns
entertainment-related properties, announced today that it has
closed on a $200 million credit facility. The Company expects to
use the facility to finance the acquisition of additional
megaplex theatres and other entertainment-related properties.
The facility was arranged by Bank of New York, Goldman Sachs and
Bank of Nova Scotia, and has a term of three years.
"This new credit facility is an important part of our
capital structure. It gives us the resources to make additional
key acquisitions in the near-term as well as lays a solid
foundation for our future growth," said David Brain, chief
financial officer for Entertainment Properties Trust.
Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and develop
a diversified portfolio of high-quality properties leased to
major entertainment-related business operators. The company's
common stock is traded on the New York Stock Exchange under the
ticker symbol EPR.
EXHIBIT 99.2
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: Jon Weis
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700
Joe Keenan, Sturges + Word
(816) 221-7500
ENTERTAINMENT PROPERTIES TRUST ANNOUNCES
ADDITION OF CHICAGO MEGAPLEX THEATRE
KANSAS CITY, Mo. (March 4, 1998) Entertainment Properties
Trust (NYSE:EPR), a Real Estate Investment Trust (REIT) that owns
entertainment-related properties, today announced it has
purchased the South Barrington 30 megaplex theatre from American
Multi-Cinema, Inc., a subsidiary of AMC Entertainment Inc.
The addition brings to 13 the number of megaplex theatres
Entertainment Properties owns in the United States since the
company became a publicly traded company in November 1997.
Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and develop
a diversified portfolio of high-quality properties leased to
entertainment-related business operators. The company's common
stock is traded on the New York Stock Exchange under the ticker
symbol EPR.
