Exhibit 10.1 SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of July 25, 2001 by and among GOLF TRUST OF AMERICA, L.P., as Borrower, the Guarantors referred to in this Agreement, the Lenders referred to in this Agreement, BANK OF AMERICA, N.A....Credit Agreement • August 1st, 2001 • Golf Trust of America Inc • Real estate investment trusts • North Carolina
AMEX:GTA) AT THE COMPANY -------------- W. Bradley Blair, II President and Chief Executive Officer Scott D. Peters Chief Financial Officer (843)723-4653 FOR IMMEDIATE RELEASE --------------------- JULY 25, 2001 GOLF TRUST OF AMERICA AND ITS LENDERS...Credit Agreement • August 1st, 2001 • Golf Trust of America Inc • Real estate investment trusts
CHARLESTON, SC, July 25, 2001 - Golf Trust of America, Inc. (AMEX:GTA) announced today that it entered into an amended and restated Credit Agreement with its senior bank lenders. Concurrently with the closing of the new Credit Agreement, the lenders, GTA and certain of GTA's subsidiaries stipulated to the dismissal of the litigation commenced by the lenders against GTA and certain of its subsidiaries on May 22, 2001.
