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): June 12, 2017
General Finance Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-32845 | 32-0163571 | |
(Commission File Number) | (I.R.S. Employer Identification No.) | |
39 East Union Street | ||
Pasadena, California | 91103 | |
(Address of Principal Executive Offices) | (Zip Code) |
(626) 584-9722
(Registrant’s Telephone Number, Including Area Code)
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 Instruction 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)) |
EXPLANATORY NOTES
Certain References
References to “we,” “us,” “our” or the “Company” refer to General Finance Corporation, a Delaware corporation, and its consolidated subsidiaries. These subsidiaries include GFN U.S. Australasia Holdings, Inc., a Delaware corporation (“GFN U.S.”); GFN Insurance Corporation, an Arizona corporation (“GFNI”); GFN North America Leasing Corporation, a Delaware corporation; GFN North America Corp., a Delaware corporation; GFN Realty Company, LLC, a Delaware limited liability company; GFN Manufacturing Corporation, a Delaware corporation, and its subsidiary, Southern Frac, LLC, a Texas limited liability company (collectively “Southern Frac”); Royal Wolf Holdings Limited, an Australian corporation publicly traded on the Australian Securities Exchange (collectively with its Australian and New Zealand subsidiaries, “Royal Wolf”); Pac-Van, Inc., an Indiana corporation , and its Canadian subsidiary, PV Acquisition Corp., an Alberta corporation, doing business as “Container King” (collectively “Pac-Van”); and Lone Star Tank Rental Inc., a Delaware corporation (“Lone Star”).
TABLE OF CONTENTS
Page | |||||
Item 1.01 | Entry into a Definitive Material Agreement | 1 | |||
Item 9.01 | Financial Statements and Exhibits | 1 |
Exhibit 10.1 | Second Amendment and Restatement Agreement dated June 12, 2017 among General Finance Corporation, GFN U.S. Australasia Holdings, Inc. and Credit Suisse AG, Singapore Branch |
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Item 1.01 Entry into a Definitive Material Agreement
GFN, GFN U.S. and Credit Suisse AG, Singapore Branch (“Credit Suisse”) entered into that certain Second Amendment and Restatement Agreement (the “Second Restated Facility Agreement”) dated June 12, 2017. The Second Restated Facility Agreement provides that $10 million borrowed will bear interest at LIBOR plus 7.50% per year. In addition to certain other amended terms, the maturity of the indebtedness evidenced by the Second Restated Facility Agreement was extended from July 1, 2017 to July 1, 2018 and the make-whole prepayment penalty of 7.5% of outstanding principal was extended until January 1, 2018.
The foregoing description of the Second Restated Facility Agreement is a summary and is qualified in its entirety by reference to the Second Restated Facility Agreement, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit | Exhibit Description |
10.1 | Second Amendment and Restatement Agreement dated June 12, 2017 among General Finance Corporation, GFN U.S. Australasia Holdings, Inc. and Credit Suisse AG, Singapore Branch |
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SIGNATURE
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.
GENERAL FINANCE CORPORATION | ||||
Dated: June 13, 2017 | By: | /s/ CHRISTOPHER A. WILSON | ||
Christopher A. Wilson | ||||
General Counsel, Vice President and Secretary | ||||
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EXHIBIT INDEX
Exhibit | ||
Number | Exhibit Description | |
10.1 | Second Amendment and Restatement Agreement dated June 12, 2017 among General Finance Corporation, GFN U.S. Australasia Holdings, Inc. and Credit Suisse AG, Singapore Branch |
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