Securities and Exchange Commission pursuant to a Confidential Treatment Request.
as the Borrower,
as Holdings,
as Administrative Agent, Swing Line Lender and
L/C Issuer,
as Collateral Agent and Syndication Agent,
CITIBANK, N.A. and
PNC CAPITAL MARKETS LLC,
as Co-Documentation Agents,
MORGAN STANLEY SENIOR FUNDING, INC.
WELLS FARGO SECURITIES, LLC,
CITIGROUP GLOBAL MARKETS INC. and
PNC CAPITAL MARKETS LLC,
as Joint Lead Arrangers and Joint Bookrunners
Section | Page | |||
ARTICLE I DEFINITIONS AND ACCOUNTING TERMS | ||||
1.01 Defined Terms | 1 | |||
1.02 Other Interpretive Provisions | 30 | |||
1.03 Accounting Terms | 31 | |||
1.04 Rounding | 31 | |||
1.05 Times of Day | 32 | |||
1.06 Letter of Credit Amounts | 32 | |||
1.07 Currency Equivalents Generally | 32 | |||
ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS | ||||
2.01 The Loans | 32 | |||
2.02 Borrowings, Conversions and Continuations of Loans | 33 | |||
2.03 Letters of Credit | 34 | |||
2.04 Swing Line Loans | 42 | |||
2.05 Prepayments | 44 | |||
2.06 Termination or Reduction of Commitments | 46 | |||
2.07 Repayment of Loans | 47 | |||
2.08 Interest | 47 | |||
2.09 Fees | 48 | |||
2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate | 48 | |||
2.11 Evidence of Debt | 49 | |||
2.12 Payments Generally; Administrative Agent’s Clawback | 49 | |||
2.13 Sharing of Payments by Lenders | 51 | |||
2.14 Defaulting Lenders | 52 | |||
2.15 Borrower Repurchases | 53 | |||
ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY | ||||
3.01 Taxes | 54 | |||
3.02 Illegality | 57 | |||
3.03 Inability to Determine Rates | 57 | |||
3.04 Increased Costs; Reserves on Eurodollar Rate Loans | 57 | |||
3.05 Compensation for Losses | 59 | |||
3.06 Mitigation Obligations; Replacement of Lenders | 59 | |||
3.07 Survival | 60 |
i
Section | Page | |||
ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS | ||||
4.01 Conditions of Initial Credit Extension | 60 | |||
4.02 Conditions to all Credit Extensions | 63 | |||
ARTICLE V REPRESENTATIONS AND WARRANTIES | ||||
5.01 Organization | 64 | |||
5.02 Due Authorization; Non-Contravention | 64 | |||
5.03 Governmental Approval; Regulation | 64 | |||
5.04 Validity | 65 | |||
5.05 Financial Information | 65 | |||
5.06 No Material Adverse Change | 65 | |||
5.07 Litigation; Labor Controversies | 65 | |||
5.08 Subsidiaries | 65 | |||
5.09 Ownership of Properties | 65 | |||
5.10 Taxes | 66 | |||
5.11 Pension and Welfare Plans | 66 | |||
5.12 Environmental Warranties | 66 | |||
5.13 Accuracy of Information | 67 | |||
5.14 Regulations U and X | 67 | |||
5.15 Solvency | 67 | |||
5.16 No Default | 67 | |||
5.17 Compliance with Laws | 67 | |||
5.18 Insurance | 68 | |||
5.19 Collateral Documents | 68 | |||
ARTICLE VI AFFIRMATIVE COVENANTS | ||||
6.01 Financial Information, Reports, Notices, etc. | 69 | |||
6.02 Maintenance of Existence; Compliance with Contracts, Laws, etc. | 71 | |||
6.03 Properties | 71 | |||
6.04 Insurance | 71 | |||
6.05 Books and Records | 72 | |||
6.06 Environmental Law Covenant | 72 | |||
6.07 Use of Proceeds | 72 | |||
6.08 Future Guarantors, Security, etc. | 72 | |||
6.09 Secured Hedge Agreements | 73 | |||
6.10 Maintenance of Ratings | 73 | |||
6.11 Post-Closing Obligations | 74 | |||
6.12 Ratings Information | 75 | |||
6.13 Motor Vehicle Monitor | 75 | |||
ARTICLE VII NEGATIVE COVENANTS | ||||
7.01 Business Activities | 75 | |||
7.02 Indebtedness | 76 | |||
7.03 Liens | 78 | |||
7.04 Financial Condition and Operations | 81 | |||
7.05 Investments | 81 | |||
7.06 Restricted Payments | 83 | |||
7.07 Capital Expenditures | 84 | |||
7.08 No Prepayment of Certain Indebtedness | 84 |
ii
Section | Page | |||
7.09 Issuance of Capital Securities | 85 | |||
7.10 Consolidation, Merger; Permitted Acquisitions, etc. | 85 | |||
7.11 Permitted Dispositions | 86 | |||
7.12 Modification of Certain Agreements | 87 | |||
7.13 Transactions with Affiliates | 87 | |||
7.14 Restrictive Agreements | 87 | |||
7.15 Sale and Leaseback | 88 | |||
7.16 Accounting Changes | 88 | |||
ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES | ||||
8.01 Events of Default | 88 | |||
8.02 Remedies upon Event of Default | 91 | |||
8.03 Application of Funds | 91 | |||
ARTICLE IX AGENTS | ||||
9.01 Appointment and Authority | 92 | |||
9.02 Rights as a Lender | 93 | |||
9.03 Exculpatory Provisions | 93 | |||
9.04 Reliance by Agent | 94 | |||
9.05 Delegation of Duties | 94 | |||
9.06 Resignation of Administrative Agent | 95 | |||
9.07 Non-Reliance on Agents and Other Lenders | 96 | |||
9.08 No Other Duties, Etc. | 96 | |||
9.09 Administrative Agent May File Proofs of Claim | 96 | |||
9.10 Collateral and Guaranty Matters | 97 | |||
9.11 Secured Cash Management Agreements and Secured Hedge Agreements | 97 | |||
9.12 Waiver of Claims | 98 | |||
ARTICLE X MISCELLANENOUS | ||||
10.01 Amendments, Etc. | 98 | |||
10.02 Notices; Effectiveness; Electronic Communications | 99 | |||
10.03 No Waiver; Cumulative Remedies; Enforcement | 101 | |||
10.04 Expenses; Indemnity; Damage Waiver | 102 | |||
10.05 Payments Set Aside | 104 | |||
10.06 Successors and Assigns | 104 | |||
10.07 Treatment of Certain Information; Confidentiality | 108 | |||
10.08 Right of Setoff | 108 | |||
10.09 Interest Rate Limitation | 109 | |||
10.10 Counterparts; Integration; Effectiveness | 109 | |||
10.11 Survival of Representations and Warranties | 109 | |||
10.12 Severability | 109 | |||
10.13 Replacement of Lenders | 109 | |||
10.14 Governing Law; Jurisdiction; Etc. | 110 | |||
10.15 Waiver of Jury Trial | 111 | |||
10.16 No Advisory or Fiduciary Responsibility | 111 | |||
10.17 Electronic Execution of Assignments and Certain Other Documents | 111 | |||
10.18 USA PATRIOT Act | 111 | |||
SIGNATURES | S-1 |
iii
1.01 | Existing Letters of Credit | |
2.01 | Commitments and Applicable Percentages | |
5.07 | Litigation | |
5.08 | Subsidiaries | |
5.09 | Owned Real Property | |
5.11 | Contingent Liabilities under Welfare Plans | |
5.12 | Environmental Matters | |
5.19 | Mortgage Filing Offices | |
7.02 | Existing Indebtedness | |
7.03(c) | Existing Liens | |
7.05(a) | Existing Investments | |
7.13 | Permitted Transactions with Affiliates | |
10.02 | Administrative Agent’s Office, Certain Addresses for Notices |
Form of | ||
A | Committed Loan Notice | |
B | Swing Line Loan Notice | |
C-1 | Term Note | |
C-2 | Revolving Credit Note | |
D | Compliance Certificate | |
E-1 | Assignment and Assumption | |
E-2 | Administrative Questionnaire | |
F | Security Agreement | |
G | Intercreditor Agreement |
iv
DEFINITIONS AND ACCOUNTING TERMS
Applicable Fee Rate | ||||||
Pricing | Consolidated | Commitment | ||||
Level | Leverage Ratio | Fee | ||||
1 | ≤ 3.00:1 | 0.50 | % | |||
2 | > 3.00:1 but < 3.50:1 | 0.625 | % | |||
3 | ≥ 3.50:1 | 0.75 | % |
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Period | Ratio | |||
Closing Date through September 30, 2011 | 4.375:1.00 | |||
October 1, 2011 through December 31, 2011 | 4.25:1.00 | |||
January 1, 2012 through September 30, 2012 | 4.125:1.00 | |||
October 1, 2012 through December 31, 2012 | 3.875:1.00 | |||
January 1, 2013 through September 30, 2013 | 3.625: 1.00 | |||
October 1, 2013 through March 31, 2014 | 3.50:1.00 | |||
April 1, 2014 through the Term Loan Maturity Date | 3.375:1.00 |
Period | Ratio | |||
January 1, 2011 through June 30, 2011 | 2.375:1.00 | |||
July 1, 2011 through September 30, 2011 | 2.625:1.00 | |||
October 1, 2011 through September 30, 2012 | 2.875:1.00 | |||
October 1, 2012 through December 31, 2012 | 3.075:1.00 | |||
January 1, 2013 through September 30, 2013 | 3.125:1.00 | |||
October 1, 2013 through the Term Loan Maturity Date | 3.25:1.00 |
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Capital | ||||
Period | Expenditure Amount | |||
Fiscal Year 2011 | $ | 550,000,000 | ||
Fiscal Year 2012 | $ | 635,000,000 | ||
Fiscal Year 2013 | $ | 740,000,000 | ||
Fiscal Year 2014 | $ | 740,000,000 | ||
Fiscal Year 2015 | $ | 730,000,000 | ||
January 1, 2016 through the Term Loan Maturity Date | $ | 750,000,000 |
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SWIFT TRANSPORTATION CO., LLC | ||||
By: | ||||
Name: | ||||
Title: | ||||
SWIFT TRANSPORTATION COMPANY | ||||
By: | ||||
Name: | ||||
Title: |
BANK OF AMERICA, N.A., as Administrative Agent, L/C Issuer, Swing Line Lender and a Lender | ||||
By: | ||||
Name: | ||||
Title: |
MORGAN STANLEY SENIOR FUNDING, INC., as a Collateral Agent, Syndication Agent and a Lender | ||||
By: | ||||
Name: | ||||
Title: |
Issue Date/ Letter of | ||||||||||||
Issuer | Credit No. | Beneficiary | Current Amount | Expiration Date | ||||||||
Bank of America | 10/17/08: | [*] | $ | 976,789.00 | 8/08/11 | |||||||
[*] | ||||||||||||
Bank of America | 3/16/10: | [*] | $ | 4,250,000.00 | 7/06/11 | |||||||
[*] | ||||||||||||
Bank of America | 3/16/10: | [*] | $ | 5,600,000.00 | 10/02/11 | |||||||
[*] | ||||||||||||
Bank of America | 4/27/10: | [*] | $ | 105,000.00 | 8/08/11 | |||||||
[*] | ||||||||||||
Bank of America | 4/27/10: | [*] | $ | 100,000.00 | 8/30/11 | |||||||
[*] | ||||||||||||
Bank of America | 8/12/10: | [*] | $ | 1,000,000.00 | 8/31/11 | |||||||
[*] | ||||||||||||
Bank of America | 8/12/10: | [*] | $ | 4,000,000.00 | 7/03/11 | |||||||
[*] | ||||||||||||
Bank of America | 9/01/10: | [*] | $ | 9,575,815.00 | 9/28/11 | |||||||
[*] | ||||||||||||
Bank of America | 9/01/10: | [*] | $ | 1,000,000.00 | 8/03/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/12/10: | [*] | $ | 6,379,547.00 | 8/01/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/27/10: | [*] | $ | 235,509.00 | 10/01/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/20/08: | [*] | $ | 57,250,000.00 | 1/01/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/20/08: | [*] | $ | 13,700,000.00 | 7/06/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/20/08: | [*] | $ | 5,860,195.00 | 9/28/11 | |||||||
[*] | ||||||||||||
Bank of America | 3/31/10: | [*] | $ | 9,388,507.00 | 2/17/11 | |||||||
[*] | ||||||||||||
Bank of America | 4/27/10: | [*] | $ | 13,500,000.00 | 7/24/11 | |||||||
[*] | ||||||||||||
Bank of America | 5/11/10: | [*] | $ | 220,000.00 | 7/25/11 | |||||||
[*] | ||||||||||||
Bank of America | 9/01/10: | [*] | $ | 50,000.00 | 6/24/11 | |||||||
[*] | ||||||||||||
Bank of America | 9/01/10: | [*] | $ | 15,000,000.00 | 7/14/11 | |||||||
[*] | ||||||||||||
Bank of America | 10/12/10: | [*] | $ | 5,000,000.00 | 7/29/11 | |||||||
[*] |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 1.01 - 1
Revolving | Term | |||||||||||||||||||
Credit | Loan | |||||||||||||||||||
Revolving | Facility | Facility | ||||||||||||||||||
Credit | Applicable | Term Loan | Applicable | Total | ||||||||||||||||
Lender | Commitment | Percentage | Commitment | Percentage | Commitment | |||||||||||||||
Bank of America, N.A. | $ | 80,000,000 | 20 | % | $ | 1,070,000,000 | 100 | % | $ | 1,150,000,000 | ||||||||||
Wells Fargo Bank, National Association | $ | 80,000,000 | 20 | % | $ | 0 | 0 | % | $ | 80,000,000 | ||||||||||
Morgan Stanley Senior Funding, Inc. | $ | 55,000,000 | 13.75 | % | $ | 0 | 0 | % | $ | 55,000,000 | ||||||||||
Citibank, N.A. | $ | 40,000,000 | 10 | % | $ | 0 | 0 | % | $ | 40,000,000 | ||||||||||
Deutsche Bank Trust Company Americas | $ | 40,000,000 | 10 | % | $ | 0 | 0 | % | $ | 40,000,000 | ||||||||||
UBS Loan Finance LLC | $ | 40,000,000 | 10 | % | $ | 0 | 0 | % | $ | 40,000,000 | ||||||||||
Morgan Stanley Bank, N.A. | $ | 25,000,000 | 6.25 | % | $ | 0 | 0 | % | $ | 25,000,000 | ||||||||||
PNC Bank, National Association | $ | 15,000,000 | 3.75 | % | $ | 0 | 0 | % | $ | 15,000,000 | ||||||||||
Branch Banking & Trust Company | $ | 12,500,000 | 3.125 | % | $ | 0 | 0 | % | $ | 12,500,000 | ||||||||||
Royal Bank of Canada | $ | 12,500,000 | 3.125 | % | $ | 0 | 0 | % | $ | 12,500,000 | ||||||||||
Total | $ | 400,000,000 | 100 | % | $ | 1,070,000,000 | 100 | % | $ | 1,470,000,000 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 2.01 - 1
Schedule 5.07 - 1
Schedule 5.07 - 2
Schedule 5.07 - 3
Schedule 5.07 - 4
Loan Party | Subsidiary | Ownership Interest | ||||
Swift Transportation Company* | Swift Transportation Co., LLC | 100 | % | |||
Interstate Equipment Leasing, LLC | 100 | % | ||||
Swift Transportation Co., LLC | Swift Transportation Co. of Arizona, LLC | 100 | % | |||
Swift Services Holdings, Inc. | 100 | % | ||||
Interstate Equipment Leasing, LLC* | N/A | N/A | ||||
Swift Transportation Co. of Arizona, LLC* | M.S. Carriers, LLC | 100 | % | |||
Swift Intermodal, LLC | 100 | % | ||||
Estrella Distributing, LLC | 100 | % | ||||
Swift Transportation Co. of Virginia, LLC | 100 | % | ||||
Common Market Equipment Co., LLC | 100 | % | ||||
Swift Leasing Co., LLC | 100 | % | ||||
Mohave Transportation Insurance Company | 100 | % | ||||
Swift Academy LLC | 100 | % | ||||
Red Rock Risk Retention Group, Inc. | 80 | % | ||||
Swift Leasing Co., LLC* | Sparks Finance LLC | 100 | % | |||
Swift Transportation Services, LLC* | Swift Logistics Mexico, S.A. de C.V. | 100 | % | |||
Swift International S.A. de C.V. | 100 | % | ||||
Trans-Mex Inc., S.A. de C.V. | 100 | % | ||||
Swift Receivables Company II, LLC | 100 | % | ||||
TMX Administracion S.A. de C.V. | 100% owned by Swift | |||||
International S.A. de C.V. |
Schedule 5.08 - 1
Loan Party | Subsidiary | Ownership Interest | ||||
Swift Transportation Co. of Virginia, LLC* | N/A | N/A | ||||
Swift Intermodal, LLC* | N/A | N/A | ||||
Common Market Equipment Co., LLC* | N/A | N/A | ||||
M.S. Carriers, LLC* | Red Rock Risk Retention Group, Inc. | 20 | % | |||
Sparks Finance LLC* | N/A | N/A | ||||
Estrella Distributing, LLC* | N/A | N/A | ||||
Swift Services Holdings, Inc.* | Swift Transportation Services, LLC1 | 100 | % |
1 | Effective as of 1/3/11; prior to 1/3/11, Swift Transportation Services, LLC will be a 100% owned direct subsidiary of Swift Transportation Co. of Arizona, LLC | |
* | Guarantor |
Schedule 5.08 - 2
Desc | L/O/CS | Location | Street Address | City, St. Zip | Notes | Mortgaged* | ||||||
Swift Yard | Lease | Albany, GA | 1534 Mock Road | Albany, Georgia 31703 | ||||||||
Swift | Own | Albuquerque, NM* | 301 Airport Rd NW | Albuquerque, NM 87109 | X | |||||||
Swift Yard | Lease | Antioch, TN | 4141 Murfreesboro Road | Antioch, TN | ||||||||
Swift | Own | Avenel, NJ (Shop) | 943 Omar Avenue | Avenel, NJ 07001 | X | |||||||
Swift Yard | Lease | Billings, MT | 1818 Minnesota Ave | Billings, MT 59101 | ||||||||
Swift Yard | Lease | Brownsville, TX | 1385 Cheers St. | Brownsville, TX 78521 | ||||||||
Swift | Own/CS | Buckeye, AZ (Lewis Prison) | 26700 S. Highway 85 | Buckeye, AZ 85326 | Own Improvements on Leased State of AZ property inside prison | |||||||
Swift Yard | Lease | Calexico, CA | 363 Nina Lee Road | Calexico, CA 92231 | ||||||||
Swift Yard | Lease | Calgary Alberta Canada | 4155 75th Ave SE | Calgary Alberta Canada | ||||||||
Swift Yard | Lease | Calgary, AB Canada | 7530 114th Ave S. East | Calgary, AB Canada | ||||||||
Swift Yard | Lease | Cheektowaga, NY | 1989 Harlem Rd | Cheektowaga, NY 14212 | ||||||||
Swift Intermodal | Lease | Chicago, IL | 6205 W. 101st Street | Chicago, IL 60686 | ||||||||
Swift Intermodal | Lease | Cicero, IL | 14th Street & Cicero Ave | Cicero, IL | ||||||||
Swift Yard | Lease | Colorado City, TX | 2001 S. Hwy 208 | Colorado City, TX 79512 | ||||||||
Swift | Own | Columbus, OH | 4141 Park West Dr. | Columbus, OH 43228 | X | |||||||
Swift | Own | Decatur, GA (Atlanta) | 5250 Truman Drive | Decatur, GA 30035 | X | |||||||
Swift | Own | Denver, CO | 4080 N. Rosemary Way | Denver, CO 80216 | X | |||||||
Swift Yard | Lease | Denver, Colorado, 80207 | 3988/3990 Ulster | Denver, Colorado, 80207 | ||||||||
Swift Yard | Lease | East St. Louis, IL | 699 State Rt. 203 | East St. Louis, IL 62201-9908 | ||||||||
Swift | Own | Edwardsville, KS | 9000 Woodend Rd | Edwardsville, KS 66111 | X | |||||||
Swift | Own | El Paso, TX | 1001 Diesel Drive | El Paso, TX 79907 | X | |||||||
Swift | Own | Fontana, CA / Banana Ave | 9951 Banana Ave | Fontana, CA 92335 | X | |||||||
Swift | Lease | Fresno, CA | 4575 S. Chesnut Ave. | Fresno, CA 93725 |
Schedule 5.09 - 1
Desc | L/O/CS | Location | Street Address | City, St. Zip | Notes | Mortgaged* | ||||||
Swift | Own | Gary, IN | 6500 Industrial Hwy | Gary, IN 46406 | X | |||||||
Swift Yard | Lease | Great Falls, MT | 1801 4th Ave NW | Great Falls, MT 59403 | ||||||||
Swift | Own | Greer, SC | 2841 Old Woodruff Rd | Greer, SC 29651 | X | |||||||
Swift | Own | Greer, SC (Truck Trailer Shop) | 1875 Hwy 101 South | Greer, SC 29651-7115 | X | |||||||
Swift | Own | Harrisburg, PA (Jonestown) | 103 RRl Jonestown, Box 1935 | Jonestown, PA 17038 | X | |||||||
Swift | Lease | Houston, TX (Central Freight) | 5800 Mesa Dr | Houston, TX 77028-4908 | ||||||||
Swift Yard | Lease | Indianapolis, IN | 2341 S. West St. | Indianapolis, IN | ||||||||
Swift | Own | Inver Grove Hts, MN | 11380 E Courthouse Blvd | INVR GRV HTS, MN 55077 | X | |||||||
Swift Yard | Lease | Kimball, Nebraska 69145 | 701E. Third Street | Kimball, Nebraska 69145 | ||||||||
Swift Yard | Lease | Kingman, KS (2nd St.) | 230 W. Third St. | Kingman, KS 67068 | ||||||||
Swift | Own | Lancaster, TX | 3250 N. Longhorn | Lancaster, TX 75134 | X | |||||||
M.S. Carriers | Own | Laredo, TX | 1101 Carrier Drive | Laredo, TX 78045 | X | |||||||
M.S. Carriers | Own | Laredo, TX | 14210 Distribution Ave | Laredo, TX 78045 | ||||||||
Swift | Own | Lathrop, CA | 901 D’Arcy Parkway | Lathrop, CA 95330 | X | |||||||
Swift | Own-Imp. Only | Lewiston, ID | 1616 6th Avenue, N. | Lewiston, ID 83501 | ||||||||
Swift | Lease | Lewiston, ID (Training Academy) | 1414 7th Ave. N | Lewiston, ID 83501 | ||||||||
Swift Yard | Lease | Little Rock, AR | 8105 Zeuber Road | Little Rock, AR 72206 | ||||||||
Swift Yard | Lease | Lubbock | 8214 Ash | Lubbock, TX 79404-6303 | ||||||||
Swift | Own | Manteno, IL | 1215 N. Boudreau Rd | Manteno, IL 60950-9383 | X | |||||||
M.S. Carriers | Own | Martinsburg, WV | 818 Corning Way | Martinsburg, WV 25401-8404 | ||||||||
M.S. Carriers | Own | Memphis, TN / Brooks Rd. | 3150 Starnes Cv | Memphis, TN 38116 | X | |||||||
Swift | Own | Memphis, TN / Pilot Dr. | 3961 Pilot Drive | Memphis, TN 38118 | X | |||||||
Swift | Lease | Millington, TN (Academy) | 7965 Veterans Pkwy #108 | Millington, TN 38053-2512 | ||||||||
Swift | Lease | Millington, TN (Singleton) | 8050 Singleton Ave | Millington, TN 38053 | ||||||||
Swift | Own | Mira Loma, CA (Shop) | 11888 Mission Blvd | Mira Loma, CA 91752-1003 | X | |||||||
Swift Yard | Lease | Muscatine, IA | 3206 Hershey Ave. | Muscatine, IA 52761 | ||||||||
Swift Yard | Lease | N. Las Vegas, NV | 3038 Losee Rd | North Las Vegas, NV 89030 | ||||||||
Swift | Own | Neenah, WI | 2476 American Drive | Neenah, WI 54956 |
Schedule 5.09 - 2
Desc | L/O/CS | Location | Street Address | City, St. Zip | Notes | Mortgaged* | ||||||
Swift | Own | New Boston, MI (Detroit) | 24200 Bell | Huron Township, MI 48164 | X | |||||||
Swift Private Lender | Nogales, AZ (Transmex) | Nogales, AZ 85621 | ||||||||||
Swift | Own | Ocala; FL | 2201 SW 57th Ave | Ocala, FL 34474 | X | |||||||
Swift | Own | Oklahoma City, OK | 9400 NW 10 | Oklahoma City, OK 73127 | ||||||||
Swift | Own | Otay Mesa / San Diego | 6933 Calle De Linea | San Diego, CA 92154-8014 | ||||||||
Swift Yard | Lease | Pharr, TX | 901 E. Military Hwy 281 | Pharr, TX 78577 | ||||||||
Swift Office | Lease | Pharr, TX | 901 E. Military Hwy 281 | Pharr, TX 78577 | ||||||||
Swift Corp | Own | Phoenix, AZ | 2200 S. 75th Ave | Phoenix, AZ 85043 | X | |||||||
Swift | Own | Richmond, VA | 2841 Charles City Road | Richmond, VA 23230 | X | |||||||
Swift | Lease | Richmond, VA | 5350-A Lewis Road | Richmond, VA 23150 | ||||||||
Swift | Own | Salt Lake City, UT | 3720 W 800 S | Salt Lake City, UT 84104-4565 | X | |||||||
Swift | Lease | San Antonio, TX (Academy) | 5348 FM 1346 | San Antonio, TX 78220-1931 | ||||||||
Swift Yard | Lease | Shreveport, LA | 1401 Fullerton | Shreveport, LA | ||||||||
Swift | Own | Sparks, NV | 1455 Hulda Way | Sparks, NY 89431-7124 | X | |||||||
Swift Yard | Lease | Spokane, WA 99216 | 3808 N. Sullivan Road | Spokane, WA 99216 | ||||||||
Swift | Lease | St. Louis, MO | 6000 Hall St. | St. Louis, MO 63147 | ||||||||
Swift | Own | Sumner, WA | 4720 142nd Avenue E | Sumner WA 98390 | X | |||||||
Swift | Own | Syracuse, NY | 7470 Round Pond Rd | Syracuse, NY 13212-3376 | X | |||||||
Swift | Own | Troutdale, OR | 2021 NW Sundial Rd | Troutdale, OR 97060 | X | |||||||
Swift | Lease | Tucson, AZ (HDS) | 6251 S Wilmot Rd | Tucson, AZ 85711 | ||||||||
Swift Yard | Lease | Wilkes Barre, PA | 109 South Diamond Street | Wilkes Barre, PA | ||||||||
Swift | Own | Willows, CA | 1475 Highway 99 West | Willows, CA 95988 | ||||||||
Swift | Own | Wilmington, CA | 221 E. D. Street | Wilmington CA 90744-5911 | X | |||||||
Swift Yard | Lease | Windsor, CO 80550 | 900 Metal Container Crt | Windsor, CO 80550 | ||||||||
Swift Yard | Lease | Zachary, LA | 17540 Barnett Road | Zachary, LA 70791 | ||||||||
Swift | Own | Fontana, CA | Vacant — Zac Parcel | X | ||||||||
Swift | Own | Sparks, NV | LTL terminal adjacent to Terminal (Leased to Estes Freight) | X |
Schedule 5.09 - 3
Desc | L/O/CS | Location | Street Address | City, St. Zip | Notes | Mortgaged* | ||||||
Customer Sites Where Swift Leases | ||||||||||||
Swift | Lease/CS | Bentonville, AR (Walmart) | 208 North Walton Blvd., Ste 7 | Bentonville, AR 72712 | Leases/CS - Macaster, CA (Rite Aid) | |||||||
Swift | Lease/CS | Casa Grande, AZ (Walmart) | 58 S Thornton Rd | Casa Grande, AZ 85222 | ||||||||
Swift | Lease/CS | Fort Worth, TX (Super Target) | 5430 South Fwy. | Fort Worth, TX 76115 | ||||||||
Swift | Lease/CS | Grandview, WA (Walmart) | 545 Bethany Rd | Grandview, WA 98930-9284 | ||||||||
Swift | Lease/CS | Los Lunas, NM | 670 Los Moreos Rd. | Los Lunas, NM 87031 | ||||||||
Closed Terminals | ||||||||||||
Swift | Own | Corsicana, TX | 1140 N. Hwy 45 | Corsicana, TX 75151 | ||||||||
Swift | Own | Eden, NC | 406 Summit Road | Eden, NC 27288 | ||||||||
Swift | Own | Pueblo, CO | 4 Doane Place | Pueblo, CO 81001 | ||||||||
Unimproved Land Owned | ||||||||||||
Swift | Own | Phoenix, AZ | Southwest Corner 75th Ave & Buckey | Phoenix, AZ 85043 | X | |||||||
Swift | Own | Portland, OR | Martin Luther King Rd. & Race Track | Portland, OR | X | |||||||
Swift | Own | Oklahoma City, OK | Southeast Corner Council Rd & SW | Oklahoma City, OK | ||||||||
Swift | Own | Warren, OH | Perkins-Jones Road | Warren, OH | ||||||||
Swift | Own | Richmond, VA | Residence on small lot adjacent to terminal — Leased to Swift Employee | |||||||||
Mexico Properties | ||||||||||||
M.S. Carriers Logistics MX Corp. | Own | Monterrey, MX | Drop Yard for Transmex | |||||||||
M.S. Carriers Logistics | Own | Nuevo Laredo, MX | Transmex Terminal | X | ||||||||
Swift Logistics MX Corp | Own | Nogales, Sonora MX | Property financed by seller of property. |
Schedule 5.09 - 4
Schedule 5.11 - 1
Schedule 5.12 - 1
PROPERTY | ||||||
LOCATION | COUNTY | CITY | STATE | |||
Albuquerque, NM | Bernalillo | Albuquerque | NM | |||
Avenal, NJ | Middlesex | Woodbridge | NJ | |||
Columbus, OH | Franklin | Columbus | OH | |||
Decatur, GA | Dekalb | Sycamore | GA | |||
Denver, CO | Denver | Denver | CO | |||
Edwardsville, KS | Wyandotte | Kansas City | KS | |||
El Paso, TX | El Paso | El Paso | TX | |||
Fontana, CA | San Bernardino | San Bernardino | CA | |||
Gary, IN | Lake | Crown Point | IN | |||
Greer, SC | Spartenburg | Spartenburg | SC | |||
Harrisburg, PA | Lebanon | Lebanon | PA | |||
Inver Grove Heights | Dakota | Hastings | MN | |||
Lancaster, TX | Dallas | Dallas | TX | |||
Laredo, TX | Webb | Laredo | TX | |||
Lathrop, CA | San Joaquin | Stockton | CA | |||
Manteno, IL | Kankakee | Kankakee | IL | |||
Memphis, TN | Shelby | Memphis | TN | |||
Mira Loma, CA | Riverside | Riverside | CA | |||
New Boston, MI | Huron | Detroit | MI | |||
Ocala, Fl | Marion | Ocala | FL | |||
Phoenix, AZ | Maricopa | Phoenix | AZ | |||
Portland, OR | Multnoma | Portland | OR | |||
Richmond, VA | Henrico | Henrico | VA | |||
Salt Lake City, UT | Salt Lake | Salt Lake City | UT | |||
Sparks, NV | Washoe | Reno | NV | |||
Sumner, WA | Pierce | Tacoma | WA | |||
Syracuse, NY | Onondaga | Syracuse | NY | |||
Troutdale, OR | Multnoma | Portland | OR | |||
Wilmington, CA | Los Angeles | Los Angeles | CA |
Schedule 5.19 - 1
DEBTOR | CREDITOR/AGENT for CREDITOR | |
Interstate Equipment Leasing, LLC (formerly Interstate Equipment Leasing, Inc.) | Comerica Leasing Corporation | |
M.S. Carriers, LLC (formerly M.S. Carriers, Inc.) | Fleet Capital Corporation | |
M.S. Carriers, LLC (formerly M.S. Carriers, Inc.) | Fleet Capital Corporation | |
M.S. Carriers, LLC (formerly M.S. Carriers, Inc.) | Fleet Capital Corporation | |
Swift Leasing Co., LLC (formerly Swift Leasing Co., Inc.) | Fleet Capital Corporation | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | IBM Credit LLC | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | IBM Credit LLC | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | IBM Credit LLC | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | National City Commercial Capital Corporation | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | LaSalle National Leasing Corporation |
Schedule 7.02 - 1
DEBTOR | CREDITOR/AGENT for CREDITOR | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | LaSalle National Leasing Corporation | |
Swift Transportation Services, LLC (formerly Swift Transportation Corporation) | LaSalle National Leasing Corporation | |
Swift Transportation Services, LLC (formerly Swift Transportation Corporation) | LaSalle National Leasing Corporation | |
Swift Transportation Co., LLC (formerly Swift Transportation Co., Inc.) | IOS Capital |
Schedule 7.02 - 2
BOND# | PRINCIPAL | OBLIGEE | DESCRIPTION | TYPE | BOND AMT | PREMIUM | EFFECTIVE | EXPIRATION | ||||||||||||||
070927010 | SWIFT TRANSPORTATION CO., INC. | [*] | CF301-International Carrier - Customs Bond #9908M2882 | CU | $ | 50,000.00 | $ | 1,250.00 | 07/29/2010 | 07/29/2011 | ||||||||||||
080905004 | TO SWIFT TRANSPORTATION CO. AZ, LLC | [*] | CF 301-Custodian of Bonded Goods - Customs Bond #9908S2490 IRS #86-026503000 | CU | $ | 100,000.00 | $ | 2,000.00 | 09/15/2009 | 09/14/2010 | ||||||||||||
100409007 | SWIFT TRANSPORTATION CO., INC. | [*] | Instruments of International Traffic - Customs Bond #9910X3344 | CU | $ | 50,000.00 | $ | 1,000.00 | 04/29/2010 | 04/28/2011 | ||||||||||||
58656324 | MARCIA A. SCHMISKIE | [*] | Notary Public Bond for Marcia A. Schmiskie | NP | $ | 5,000.00 | $ | 50.00 | 02/01/2009 | 01/31/2013 | ||||||||||||
58665762 | TERRY M. HURTADO | [*] | Arizona Notary Bond | NP | $ | 5,000.00 | $ | 50.00 | 10/07/2009 | 10/06/2013 | ||||||||||||
6411448 | KELLY KELLY | [*] | State of Arizona Notary Public Bond for Kelly Kelly | NP | $ | 5,000.00 | $ | 75.00 | 02/20/2007 | 02/19/2011 | ||||||||||||
6471228 | RENEE FONTES | [*] | State of Arizona Notary Public Bond for Renee Fontes | NP | $ | 5,000.00 | $ | 75.00 | 06/25/2007 | 06/24/2011 | ||||||||||||
6471260 | MICHELLE A. WORLEY | [*] | State of Arizona Notary Public Bond for Michelle A. Worley | NP | $ | 5,000.00 | $ | 75.00 | 04/12/2007 | 04/11/2011 | ||||||||||||
6510548 | PAMELA R. LYNN | [*] | State of Arizona Notary Public Bond for Pamela R. Lynn | NP | $ | 5,000.00 | $ | 75.00 | 01/17/2008 | 01/16/2012 | ||||||||||||
K07786013 | SWIFT TRANSPORTATION CO., INC. | [*] | Uniform Motor Carrier Bodily Injury and Property Damage Liability Surety Bond | LP | $ | 1,000,000.00 | $ | 20,000.00 | 11/02/2009 | 11/02/2010 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 7.02 - 3
BOND# | PRINCIPAL | OBLIGEE | DESCRIPTION | TYPE | BOND AMT | PREMIUM | EFFECTIVE | EXPIRATION | ||||||||||||||
K07786049 | SWIFT TRANSPORTATION CO., INC. | [*] | Self-Insurance Aggregate | WC | $ | 200,000.00 | $ | 4,000.00 | 12/09/2009 | 12/09/2010 | ||||||||||||
K08031125 | SWIFT TRANSPORTATION CO., INC. | [*] | Toll Road Bond | GP | $ | 54,000.00 | $ | 1,080.00 | 06/25/2010 | 06/25/2011 | ||||||||||||
K0803123A | SWIFT TRANSPORTATION CO., INC. | [*] | Private Education Bond | LP | $ | 7,123.04 | $ | 142.00 | 08/01/2010 | 08/01/2011 | ||||||||||||
K08031241 | SWIFT TRANSPORTATION CO., INC. | [*] | Highway Use Tax Bond | GP | $ | 10,000.00 | $ | 200.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031277 | SWIFT TRANSPORTATION CO., OF ARIZONA, INC. | [*] | Property Broker’s Surety Bond Under 49 U.S.C. 13906 | LP | $ | 10,000.00 | $ | 200.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031289 | SWIFT TRANSPORTATION CO., INC. | [*] | Bond for Permit Fee Account | GP | $ | 28,000.00 | $ | 560.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031307 | SONYA BROWN, CREGE CARTER, LULA FUNCHES, AND CHRISTOPHER WATSON | [*] | Proprietary School and College Registration Blanket Agent Bond covering Sonya Brown, Crege Carter, Lula Funches and Christopher Watson. | LP | $ | 40,000.00 | $ | 800.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031319 | SWIFT TRANSPORTATION CO., INC. | [*] | Delivery Shipment Bond | PF | $ | 100,000.00 | $ | 2,000.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031320 | SWIFT TRANSPORTATION CO., INC. | [*] | Bond for the transportation of spirituous liquor | LP | $ | 1,000.00 | $ | 100.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031332 | SWIFT TRANSPORTATION CO., INC. | [*] | Covering any and all permits issued to principal for movements of excess loads over state highways. | LP | $ | 500,000.00 | $ | 10,000.00 | 07/30/2010 | 07/30/2011 | ||||||||||||
K08031344 | SWIFT DRIVING ACADEMY | [*] | Commercial Driver Training School License Bond | LP | $ | 100,000.00 | $ | 2,000.00 | 08/22/2010 | 08/22/2011 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 7.02 - 4
BOND# | PRINCIPAL | OBLIGEE | DESCRIPTION | TYPE | BOND AMT | PREMIUM | EFFECTIVE | EXPIRATION | ||||||||||||||
K08031356 | SWIFT TRANSPORTATION CO., INC. | [*] | Bond to guarantee toll charges | GP | $ | 5,900.00 | $ | 118.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K0803137A | SWIFT TRANSPORTATION CO., INC. | [*] | Contract Bond for payment of fees and charges for movement of vehicles of excess size or weights over Arkansas roads or highways. | LP | $ | 1,000.00 | $ | 100.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031381 | SWIFT TRANSPORTATION CO., INC. | [*] | Over axle and over gross weight tolerance permit bond | LP | $ | 15,000.00 | $ | 300.00 | 08/22/2010 | 08/22/2011 | ||||||||||||
K08031393 | BESS PADILLA-WINFIELD | [*] | Arizona Notary Bond | NP | $ | 5,000.00 | $ | 100.00 | 09/16/2008 | 09/15/2012 | ||||||||||||
K0803140A | SWIFT TRANSPORTATION CO., INC. | [*] | Motor Vehicle Bond - 02 Chevrolet; Special Number Assigned AZ304504 | LP | $ | 15,000.00 | $ | 300.00 | 08/21/2010 | 08/21/2011 | ||||||||||||
K08031435 | SWIFT TRANSPORTATION CO., INC. | [*] | thruway bond | GP | $ | 2,500.00 | $ | 100.00 | 09/18/2009 | 09/18/2010 | ||||||||||||
K08031459 | SWIFT DRIVING ACADEMY | [*] | Postsecondary Educational Institutions (Section 49-7-2013 TN Code Annotated) | LP | $ | 10,000.00 | $ | 200.00 | 09/18/2009 | 09/18/2010 | ||||||||||||
K08031472 | SWIFT DRIVING ACADEMY | [*] | Commission on Proprietary School and College Registration | LP | $ | 50,000.00 | $ | 1,000.00 | 09/18/2009 | 09/18/2010 | ||||||||||||
K08031502 | SWIFT TRANSPORTATION CO., INC. | [*] | turnpike toll | GP | $ | 250,000.00 | $ | 5,000.00 | 09/18/2009 | 09/18/2010 | ||||||||||||
K08031514 | SWIFT TRANSPORTATION CO., INC. | [*] | Permit Fee for oversized load moving | LP | $ | 1,000.00 | $ | 100.00 | 09/18/2009 | 09/18/2010 | ||||||||||||
K08031526 | SWIFT DRIVING ACADEMY | [*] | Proprietary School Surety Bond | LP | $ | 100,000.00 | $ | 2,000.00 | 11/22/2009 | 11/22/2010 | ||||||||||||
K08031599 | SWIFT TRANSPORTATION CO., INC. | [*] | Fee & Tax Bond | GP | $ | 13,000.00 | $ | 260.00 | 10/21/2009 | 10/21/2010 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 7.02 - 5
BOND# | PRINCIPAL | OBLIGEE | DESCRIPTION | TYPE | BOND AMT | PREMIUM | EFFECTIVE | EXPIRATION | ||||||||||||||
K08232507 | SWIFT TRANSPORTATION CO., INC. | [*] | Superheavy or Oversize Permit Bond | LP | $ | 10,000.00 | $ | 200.00 | 09/01/2010 | 08/31/2011 | ||||||||||||
K08232581 | SWIFT TRANSPORTATION CO., INC. | [*] | New York Alcoholic Beverage Control Law | LP | $ | 1,000.00 | $ | 100.00 | 01/01/2010 | 12/31/2010 | ||||||||||||
K08232635 | SWIFT TRANSPORTATION CO., INC. | [*] | Bond of Permit Carrier | LP | $ | 1,000.00 | $ | 100.00 | 01/01/2010 | 12/31/2010 | ||||||||||||
K0823307A | M.S. CARRIER, LLC | [*] | Property Broker’s Surety Bond | LP | $ | 10,000.00 | $ | 200.00 | 04/10/2010 | 04/10/2011 | ||||||||||||
K08309553 | SWIFT TRANSPORTATION CO., INC. | [*] | PrePass Financial Guarantee Bond | GP | $ | 3,160,000.00 | $ | 63,200.00 | 06/25/2010 | 06/25/2011 | ||||||||||||
K08309838 | SWIFT TRANSPORTATION CO., INC. | [*] | Scrap Tire Hauler Bond | GP | $ | 10,000.00 | $ | 200.00 | 10/12/2009 | 10/12/2010 | ||||||||||||
K08309930 | KIM GRAYBEAL | [*] | Notary Public Bond for Kim Graybeal | NP | $ | 5,000.00 | $ | 75.00 | 11/06/2009 | 11/06/2013 | ||||||||||||
K08309978 | SWIFT TRANSPORTATION CO., INC. | [*] | Lease Agreement Bond | GP | $ | 33,672.00 | $ | 673.00 | 12/01/2009 | 12/01/2010 | ||||||||||||
K08407496 | SWIFT TRANSPORTATION CO., INC. | [*] | Bond for payment of special permit fees & charges for movement of vehicles of excess weight & dimensions on LA highways | LP | $ | 1,000.00 | $ | 100.00 | 03/29/2010 | 03/29/2011 | ||||||||||||
K0840771A | M S CARRIERS LLC | [*] | Highway Use Tax Bond | LP | $ | 2,000.00 | $ | 100.00 | 04/30/2010 | 04/30/2011 | ||||||||||||
K08407794 | SWIFT TRANSPORTATION CO., OF ARIZONA LLC | [*] | Vehicle Dealer Bond | LP | $ | 100,000.00 | $ | 2,000.00 | 05/25/2010 | 05/25/2011 | ||||||||||||
K08407873 | MONICA ESPINOZA | [*] | Notary Bond for Monica Espinoza | NP | $ | 5,000.00 | $ | 100.00 | 06/29/2010 | 06/28/2014 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 7.02 - 6
BOND# | PRINCIPAL | OBLIGEE | DESCRIPTION | TYPE | BOND AMT | PREMIUM | EFFECTIVE | EXPIRATION | ||||||||||||||
LPM8756493 | SWIFT TRANSPORTATION CO., OF ARIZONA, LLC | [*] | Self-Insurance Aggregate Surety Bond | WC | $ | 2,236,000.00 | $ | 47,028.00 | 03/01/2010 | 03/01/2011 | ||||||||||||
LPM8756496 | SWIFT TRANSPORTATION CO., INC. | [*] | Self-Insurance Workers’ Compensation Bond | WC | $ | 3,000,000.00 | $ | 52,500.00 | 03/01/2010 | 03/01/2011 | ||||||||||||
LPM8828049 | SWIFT TRANSPORTATION CO., INC. | [*] | Self-Insurance Workers’ Compensation Guaranty Bond | WC | $ | 3,188,125.00 | $ | 55,792.00 | 05/24/2010 | 05/24/2011 | ||||||||||||
LPM8828088 | SWIFT DRIVING ACADEMY | [*] | Bond of Out-of-State Private Occupational School Agent | LP | $ | 50,000.00 | $ | 300.00 | 06/06/2010 | 06/06/2011 | ||||||||||||
Grand Total: | $ | 14,561,320.04 | $ | 277,978.00 | Total Bonds: 49 | |||||||||||||||||
$8,424,125.00 |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 7.02 - 7
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | DCFS USA LLC | 200212079504 | 3/7/2002 Amended: 9/2/2009 | All new and used motor vehicles financed by and leased by secured party | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | Comerica Leasing Corporation | 200212457808 | 12/31/2002 Cont: 12/4/2007 | Cessna aircraft | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | Key Equipment Finance, a division of Key Corporate Capital Inc. | 200312492483 | 1/29/2003 Cont: 12/13/07 | 30 freightliner tractors | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | DCFS USA LLC | 200312880121 | 11/3/2003 Cont: 5/8/2008 | Freightliner tractors | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | PACCAR Financial Corp. | 200413091891 | 3/25/2004 | Leased Kenmore tractors | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | DCFS USA LLC | 200413255446 | 8/5/2004 Cont: 9/2/2009 | All new and used motor vehicles financed and leased by secured party | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513532422 | 2/11/2005 | Master lease agreement collateral |
Schedule 7.03 - 1
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513532977 | 2/14/2005 | Master lease agreement collateral | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513533070 | 2/15/2005 | Master lease agreement collateral | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | Paccar Financial Corp. | 200513765149 | 7/25/2005 Cont: 4/8/2010 | All chattel paper and leases between debtor and its customers | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513789443 | 10/6/2005 | In lieu statement | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513932595 | 12/30/2005 | Leased aircraft | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200513932608 | 12/30/2005 | Leased aircraft | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200714610616 | 1/5/2007 | Leased equipment |
Schedule 7.03 - 2
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200714641486 | 1/23/2007 | Leased equipment | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200714641975 | 1/24/2007 | Equipment | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | General Electric Capital Corporation | 200714641986 | 1/24/2007 | Leased equipment | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | Daimler Trust | 200714996406 | 9/18/2007 | Motor vehicles | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | Daimler Trust | 200715026858 | 10/2/2007 | Tractors and freightliners | |||||||
Interstate Equipment Leasing, Inc. | AZ/SOS | VFS Leasing Co. | 200715142086 | 11/20/2007 | Leased equipment | |||||||
Interstate Equipment Leasing, LLC | DE/SOS | DCFS USA LLC | 2010 1440217 | 4/26/2010 | Motor vehicles | |||||||
Interstate Equipment Leasing, LLC | DE/SOS | Daimler Trust | 2010 1440332 | 4/26/2010 | Motor vehicles |
Schedule 7.03 - 3
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Interstate Equipment Leasing, LLC | DE/SOS | VFS Leasing Co. | 2010 2610941 | 7/27/2010 | Volvo trucks | |||||||
M.S. Carriers, Inc. | TN/SOS | PNC Leasing, LLC | 993-058627 | 11/10/99 Cont: 11/2/2004 | Material lease agreement collateral | |||||||
M.S. Carriers, Inc. | TN/SOS | PNC Leasing, LLC | 992-058628 | 11/10/99 Cont: 11/2/2004 | Leased equipment | |||||||
M.S. Carriers, Inc. | TN/SOS | Fleet Capital Corporation | 300-060262 | 5/20/2005 | Leased Lufkin and Trailmobile trailers | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007027337-0 | 8/22/2007 | Leased Equipment | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007027488-9 | 8/23/2007 | Leased Equipment | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007028674-5 | 8/31/2007 | Leased Equipment | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007030201-8 | 9/14/2007 | Leased Equipment |
Schedule 7.03 - 4
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007031091-4 | 9/21/2007 | Leased Equipment | |||||||
Sparks Finance, Inc. | NV/SOS | Citicapital Commercial Leasing Corporation | 2007031992-4 | 9/28/2007 | Leased Equipment | |||||||
Sparks Finance LLC | DE/SOS | Citicapital Commercial Leasing Corporation | 2007 3401949 | 9/7/2007 | Volvo trucks | |||||||
Sparks Finance LLC | DE/SOS | Citicapital Commercial Leasing Corporation | 2007 3486874 | 9/14/2007 | Volvo trucks | |||||||
Sparks Finance LLC | DE/SOS | Citicapital Commercial Leasing Corporation | 2007 3487476 | 9/14/2007 | Volvo Trucks | |||||||
Sparks Finance LLC | DE/SOS | Citicapital Commercial Leasing Corporation | 2007 3576625 | 9/21/2007 | Volvo trucks | |||||||
Sparks Finance LLC | DE/SOS | Citicapital Commercial Leasing Corporation | 2007 3666046 | 9/28/2007 | Volvo trucks | |||||||
Sparks Finance LLC | DE/SOS | VFS Leasing Co. | 2007 4384342 | 11/16/2007 | Leased Volvo trucks |
Schedule 7.03 - 5
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Sparks Finance LLC | DE/SOS | Navistar Financial Corporation | 2010 3174046 | 9/13/2010 | Trucks and trailers | |||||||
Sparks Finance LLC | DE/SOS | Navistar Financial Corporation | 2010 3174079 | 9/13/2010 | Trucks and trailers | |||||||
Swift Intermodal Ltd. | NV/SOS | Wells Fargo Foothill, LLC, as Administrative Agent | 2008023767-9 | 7/30/2008 | Receivables | |||||||
Swift Intermodal, LLC | DE/SOS | Wells Fargo Capital Finance, Inc., as Administrative Agent | 2010 1365307 | 4/20/2010 | Receivables and all collections and proceeds thereon | |||||||
Swift Leasing Co., Inc. | AZ/SOS | BA Leasing & Capital Corporation | 01087690 | 10/7/1999 Cont: 4/14/2006 | Leased property | |||||||
Swift Leasing Co., Inc. | AZ/SOS | DCFS USA LLC | 01101094 | 1/19/2000 Cont: 7/27/10 | Motor vehicles | |||||||
Swift Leasing Co., Inc. | AZ/SOS | Fleet Capital Corporation (for itself and/or as Agent) | 01128495 | 7/5/2000 Cont: 5/22/06 | Leased freightliner tractors | |||||||
Swift Leasing Co., Inc. | AZ/SOS | BA Leasing & Capital Corporation | 200513771341 | 8/22/2005 | Leased Wabush trailers |
Schedule 7.03 - 6
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Swift Leasing Co., Inc. | AZ/SOS | Daimler Trust | 200715010792 | 9/28/2007 | Motor vehicles | |||||||
Swift Leasing Co., Inc. | AZ/SOS | VFS Leasing Co. | 200715156242 | 11/29/2007 | Motor vehicles | |||||||
Swift Leasing Co., Inc. | AZ/SOS | Wells Fargo Foothill, LLC | 200815499759 | 7/30/2008 | Receivables and all collections and proceeds thereon | |||||||
Swift Leasing Co., Inc. | AZ/SOS | BNY Mellon Trust of Delaware | 200915681515 | 1/5/2009 Cont: 8/6/2010 | Trucks and trailers | |||||||
SWIFT LEASING CO., LLC | DE/SOS | Wells Fargo Capital Finance, LLC, as Administrative Agent | 2010 1365356 | 4/20/2010 | Receivables and all collections and proceeds thereon | |||||||
SWIFT LEASING CO., LLC | DE/SOS | DCFS USA LLC | 2010 1439979 | 4/26/2010 | Motor vehicles | |||||||
SWIFT LEASING CO., LLC | DE/SOS | Daimler Trust | 2010 1440092 | 4/26/2010 | Motor vehicles | |||||||
SWIFT LEASING CO., LLC | DE/SOS | Navistar Leasing Company | 2010 1804818 | 5/21/2010 | Trucks, trailers and all attachments |
Schedule 7.03 - 7
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
SWIFT LEASING CO., LLC | DE/SOS | Navistar Financial Corporation | 2010 2187114 | 6/23/2010 | Trucks, trailers and all attachments | |||||||
SWIFT LEASING CO., LLC | DE/SOS | VFS Leasing Co. | 2010 2610925 | 7/27/2010 | Leased Volvo trucks | |||||||
Swift Transportation Co. of Arizona, LLC | DE/SOS | DCFS USA LLC | 2010 1442262 | 4/26/2010 | Motor vehicles | |||||||
Swift Transportation Co. of Arizona, LLC | DE/SOS | Daimler Trust | 2010 1442395 | 4/26/2010 | Motor vehicles | |||||||
Swift Transportation Co. of Arizona, LLC | DE/SOS | VFS Leasing Co. | 2010 2610933 | 7/27/2010 | Volvo trucks | |||||||
Swift Transportation Co., Inc. | AZ/SOS | IBM Credit LLC | 200513806616 | 8/26/2005 | Leased equipment | |||||||
Swift Transportation Co., Inc. | AZ/SOS | National City Commercial Capital Corporation | 200614449300 | 9/26/2006 | Leased equipment | |||||||
Swift Transportation Co., Inc. | AZ/SOS | Daimler Trust | 200715010043 | 9/28/2007 | Motor vehicles |
Schedule 7.03 - 8
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Swift Transportation Co., Inc. | AZ/SOS | DaimlerChrysler Financial Services Americas LLC | 200715010270 | 9/28/2007 | Motor vehicles | |||||||
Swift Transportation Co., Inc. | AZ/SOS | DCFS USA LLC | 200715010918 | 9/28/2007 | Motor vehicles | |||||||
Swift Transportation Co., Inc. | AZ/SOS | IBM Credit LLC | 200715015822 | 10/2/2007 | Leased equipment | |||||||
Swift Transportation Co., Inc. | AZ/SOS | VFS Leasing Co. | 200715142031 | 11/20/2007 | Volvo trucks | |||||||
Swift Transportation Co., Inc. | AZ/SOS | Crown Credit Company | 200915782722 | 4/29/2009 | 1 Hamtech lift truck and 1 Cascade bale clamp | |||||||
Swift Transportation Co., Inc. | AZ/SOS | IBM Credit LLC | 200915859644 | 7/6/2009 | Leased equipment | |||||||
Swift Transportation Co., Inc. | AZ/SOS | Mart Financial Group Inc. | 200915867031 | 7/13/2009 | 4 PWIII water filtration units | |||||||
Swift Transportation Co., Inc. | AZ/SOS | Deere & Company | 200915872505 | 7/16/2009 | John Deere compact utility trailer, John Deere loader, Frontier Rotary Flail Cutter, Frontier Box Scraper/Box Blade, Frontier Pallet forks, and all attachments and accessories |
Schedule 7.03 - 9
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Swift Transportation Co., Inc. | AZ/SOS | Milestone Equipment Corporation | 200915906755 | 9/3/2009 | Leased equipment | |||||||
Swift Transportation Co., Inc. | NV/SOS | LaSalle National Leasing Corporation | 2003020350-3 | 7/29/2003 Cont: 7/25/2008 | International tractors | |||||||
Swift Transportation Co., Inc. | NV/SOS | LaSalle National Leasing Corporation | 2003020351-5 | 7/29/2003 Cont: 7/25/2008 | Great Dane dry van trailers | |||||||
Swift Transportation Co., Inc. | NV/SOS | IOS Capital | 2006035690-6 | 10/25/2006 | Leased Equipment | |||||||
Swift Transportation Co., Inc. | NV/SOS | VFS Leasing Co. | 2007038732-1 | 11/20/2007 | Leased equipment | |||||||
Swift Transportation Co., Inc. | NV/SOS | Wells Fargo Foothill, LLC, as Administrative Agent | 2008023766-7 | 7/30/2008 | Receivables |
Schedule 7.03 - 10
State/ | ||||||||||||
Debtor Name | Filing Office | Secured Party | File Number | File Date | Collateral Description | |||||||
Swift Transportation Co., Inc. | NV/SOS | Cisco Systems Capital Corporation | 2009007073-0 | 3/19/2009 | Leased equipment | |||||||
Swift Transportation Corporation | NV/SOS | LaSalle National Leasing Corporation | 2003020350-3 | 7/29/2003 Cont: 7/25/2008 | International tractors | |||||||
Swift Transportation Corporation | NV/SOS | LaSalle National Leasing Corporation | 2003020351-5 | 7/29/2003 | Great Dane dry van trailers | |||||||
Swift Transportation Corporation | NV/SOS | IOS Capital | 2006035690-6 | 10/25/2006 | Leased equipment | |||||||
Swift Transportation Corporation | NV/SOS | VFS Leasing Co. | 2007038732-1 | 11/20/2007 | Volvo trucks | |||||||
Swift Transportation Corporation | NV/SOS | Wells Fargo Foothill, LLC, as Administrative Agent | 2008023766-7 | 7/30/2008 | Receivables | |||||||
Swift Transportation Corporation | NV/SOS | Cisco Systems Capital Corporation | 2009007073-0 | 3/19/2009 | Leased equipment | |||||||
Swift Transportation Services, LLC | DE/SOS | Wells Fargo Capital Finance, LLC, as Administrative Agent | 2010 1365273 | 4/20/2010 | Receivables, collections, interest and proceeds thereon |
Schedule 7.03 - 11
Description | 11/30/10 Balance Sheet | Explanation | ||||
Notes Receivable — Student Loans | $ | 2,792,627 | This balance is the total of loans and advances made to Swift Transportation Co. of Arizona, LLC Drivers who attended driving school. | |||
Receivable — Loss Reserves — Ceded | $ | 13,502,970 | Swift Transportation Co. of Arizona, LLC sold a portion of its claims to its captive insurance company, Mohave Transportation Insurance Company, who, in turn, sold the claims to Nexus Re. This balance represents a receivable on Mohave’s books from Nexus Re. | |||
Security Deposits | $ | 12,338,488.75 | This balance represents security deposits Swift Transportation Co. of Arizona, LLC has paid to vendors/customers that it expects to recover after various periods of time. The deposits relate to such items as insurance, rent, etc. | |||
Cash Value Life Insurance | $ | 988,358.64 | M.S. Carriers, LLC holds cash value life insurance policies on certain of its members of prior management team. The policies include a cash value feature. | |||
Investment in Asphalt Media | $ | 0 | Swift Transportation Co., LLC holds an equity interest in Asphalt Media in which a gain/loss is recorded based on Asphalt Media’s net income. | |||
Driver Advances | $ | 661,000 | Swift Transportation Co. of Arizona, LLC advances money to its drivers for various travel expenses for which Swift records a receivable. This balance is net of the portion that is deemed uncollectible. | |||
Owner Operator Advances | $ | 1,546,000 | Swift Transportation Co. of Arizona, LLC advances money to its owner operators for various travel expenses for which Swift records a receivable. This balance is net of the portion that is deemed uncollectible. | |||
Employee Advances | $ | 433,000 | Swift Transportation Co. of Arizona, LLC advances money to its employees for various reasons for which Swift records a receivable. This balance is net of the portion that is deemed uncollectible. |
Schedule 7.05(a) - 1
Schedule 7.13 - 1
Schedule 7.13 - 2
Schedule 7.13 - 3
Referred | ||||||
to on | ||||||
Balance as of | Schedule | |||||
Affiliates | 11/30/2010 | Description | 7.05(a) | |||
Swift Transportation Co. of Arizona, LLC and TransMex | $10 million note receivable from TransMex | TransMex borrows funds from time to time from Swift Transportation Co. of Arizona, LLC for the purchase of new tractors and for general working capital needs. | X | |||
Swift Transportation Services, LLC and TransMex | $1.7 million payable to TransMex for services performed | TransMex hauls freight for Swift Transportation Services, LLC in Mexico. | ||||
Swift Transportation Co. of Arizona, LLC and Swift Logistics Mexico | $1.8 million note Receivable from Swift Logistics Mexico. (Face amount of the note is $18.1 million.) | This note represents the amount funded by Swift Transportation Co. of Arizona, LLC for the cost of construction and/or purchase of the Nuevo Laredo, Tijuana and Monterrey terminals. | X | |||
Swift Transportation Services, LLC and Swift Logistics Mexico | $2.4 million payable to Swift Logistics Mexico | This balance represents Swift Logistics Mexico’s fee for collecting trade receivables from Swift Transportation Services’ Mexico customers. | ||||
Swift Transportation Co. of Arizona, LLC and Mohave Transportation Insurance Company | $7.7 million payable to Mohave Transportation Insurance Company | This balance is the “net” balance owed to Mohave for insurance premiums, payroll, legal fees and management fees for Swift Transportation Co. of Arizona, LLC. | ||||
Swift Transportation Co. of Arizona, LLC and Red Rock Risk Retention Group | $5.8 million payable to Red Rock Risk Retention Group | This balance is the “net” balance owed to Red Rock for insurance premiums, payroll, legal fees and management fees for Swift Transportation Co. of Arizona, LLC. | ||||
TransMex, Inc. and Swift Leasing Co., LLC | TransMex leases trucks from Swift Leasing. | TransMex, as lessee, leases approximately 113 border crossing trucks from Swift Leasing, as lessor. | X |
Schedule 7.13 - 4
(for payments and Requests for Credit Extensions and Swing Line Advances):
Bank of America, N.A.
901 Main St.
Mail Code: TX1-492-14-11
Dallas, TX 75202
Attention: Ramon Gomez Jr.
Phone: 214-209-2627
Electronic Mail:ramon.gomez_jr@baml.com
Account No.: [*]
Ref: Swift Transportation Co. LLC
ABA# [*]
Bank of America, N.A.
Agency Management
135 S. LaSalle Street
Mail Code: IL4-135-05-41
Chicago, IL 60603
Attention: Rosanne Parsill
Phone: 312-923-1639
Fax: 877-206-8429
Electronic Mail:rosanne.parsill@baml.com
LC Issuer:
Bank of America, N.A.
Trade Operations
1000 Temple Street
Mail Code: CA9-705-07-05
Los Angeles, CA 90012-1514
Attention: Manuel Banuelos
Phone: 213-481-7837
Fax: 213-457-8841
Electronic Mail: manuel.banuelos@baml.com
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
Schedule 10.02 - 1
Attn:
Address:
Email:
Telephone No:
Fax No:
Attn: James Fry
Address: 2200 South 75th Avenue, Phoenix, AZ 85043
Email: jim_fry@swifttrans.com
Telephone No: 602-477-3574
Fax No: 623-907-7464
Schedule 10.02 - 2
1. | On (a Business Day). | ||
2. | In the amount of $ | ||
3. | Comprised of [Type of Loan requested] | ||
4. | For Eurodollar Rate Loans: with an Interest Period of _____ months. |
1 | Include this sentence in the case of a Revolving Credit Borrowing. |
A - 1
SWIFT TRANSPORTATION CO., LLC | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
A - 2
Bank of America, N.A., as Administrative Agent
1. | On (a Business Day). | ||
2. | In the amount of $ . |
SWIFT TRANSPORTATION CO., LLC | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
B - 1
C-1 - 1
SWIFT TRANSPORTATION CO., LLC | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
C-1 - 2
Amount of | Outstanding | |||||||||||
End of | Principal or | Principal | ||||||||||
Type of Loan | Amount of | Interest | Interest Paid | Balance This | Notation | |||||||
Date | Made | Loan Made | Period | This Date | Date | Made By | ||||||
C-1 - 3
C-2 - 1
SWIFT TRANSPORTATION CO., LLC | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
C-2 - 2
Amount of | Outstanding | |||||||||||
End of | Principal or | Principal | ||||||||||
Type of Loan | Amount of | Interest | Interest Paid | Balance This | Notation | |||||||
Date | Made | Loan Made | Period | This Date | Date | Made By | ||||||
C-2 - 3
D - 1
SWIFT TRANSPORTATION COMPANY | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
D - 2
to the Compliance Certificate
($ in 000’s)
I. Section 7.04 (a) — Consolidated Leverage Ratio. | ||||
A. Consolidated Funded Indebtedness at Statement Date: | $ | |||
B. Unrestricted Cash and Cash Equivalents at Statement Date: | $ | |||
C. Outstanding Swing Line Loans at Statement Date: | $ | |||
D. Consolidated EBITDA for Measurement Period ending on above date (“Subject Period”): | ||||
With respect to the Subject Period: | ||||
1. Consolidated Net Income: | $ | |||
2. Consolidated Interest Charges: | $ | |||
3. Provision for Federal, state, local and foreign income taxes payable: | $ | |||
4. Depreciation expenses: | $ | |||
5. Amortization expenses (including amortization of goodwill, other intangibles, Transaction Expenses, financing fees, and related expenses): | $ | |||
6. Non-cash impairment charges: | $ | |||
7. Non-cash expenses resulting from the grant of stock and stock options and other compensation to management personnel of Holdings and its Subsidiaries pursuant to a written incentive plan or agreement: | $ | |||
8. Any expenses or charges related to any equity offering, including Transaction Expenses, or any incurrence or refinancing of Indebtedness permitted under the Agreement: | $ | |||
9. One-time restructuring costs in connection with Permitted Acquisitions: | $ | |||
10. Any losses or expenses resulting from Swap Termination Value: | $ |
D - 3
11. Any losses attributable to non-cash mark-to-market adjustments on Swap Contracts: | $ | |||
12. Other non-recurring expenses reducing Consolidated Net Income which do not represent a cash item in such period or any future period (including without duplication any losses with respect to the cancellation or early extinguishment of Indebtedness): | $ | |||
13. Federal, state, local and foreign income tax credits: | $ | |||
14. Income or gain from Swap Termination Value: | $ | |||
15. Income or gain attributable to non-cash mark-to-market adjustments on Swap Contracts: | $ | |||
16. Non-cash items increasing Consolidated Net Income (including any income or gain with respect to the cancellation or early extinguishment of Indebtedness): | $ | |||
17. Consolidated EBITDA (Lines I.D.1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + | ||||
10 + 11 + 12 - 13 - 14 - 15 - 16)2: | $ | |||
E. Consolidated Leverage Ratio (Line I.A — (Line I.B — Line I.C)¸ Line I.D.17): | ____ to 1 |
Four Fiscal Quarters Ending | Maximum Consolidated Leverage Ratio | |||
Closing Date through September 30, 2011 | 4.375:1.00 | |||
October 1, 2011 through December 31, 2011 | 4.25:1.00 | |||
January 1, 2012 through September 30, 2012 | 4.125:1.00 | |||
October 1, 2012 through December 31, 2012 | 3.875:1.00 | |||
January 1, 2013 through September 30, 2013 | 3.625:1.00 | |||
October 1, 2013 through March 31, 2014 | 3.50:1.00 | |||
April 1, 2014 and each fiscal quarter thereafter | 3.375:1.00 |
2 | With respect to any calculations of Consolidated EBITDA for any Measurement Period ending on or prior to June 30, 2011, (i) Consolidated EBITDA for the Fiscal Quarter ended March 31, 2010 shall be deemed to be $90,335,000, (ii) Consolidated EBITDA for the Fiscal Quarter ended June 30, 2010 shall be deemed to be $116,261,000 and (iii) Consolidated EBITDA for the Fiscal Quarter ended September 30, 2010 shall be deemed to be $135,694,000. |
D - 4
II. Section 7.04 (b) — Consolidated Interest Coverage Ratio. | ||||
A. Consolidated EBITDA for Subject Period (Line I.D.17 above) | $ | |||
B. Consolidated Interest Charges for Subject Period: | $ | |||
C. Consolidated Interest Coverage Ratio (Line II.A¸ Line II.B)3: | ____ to 1 |
Minimum Consolidated | ||||
Four Fiscal Quarters Ending | Interest Coverage Ratio | |||
January 1, 2011 through June 30, 2011 | 2.375:1.00 | |||
July 1, 2011 through September 30, 2011 | 2.625:1.00 | |||
October 1, 2011 through September 30, 2012 | 2.875:1.00 | |||
October 1, 2012 through December 31, 2012 | 3.075:1.00 | |||
January 1, 2013 through September 30, 2013 | 3.125:1.00 | |||
October 1, 2013 and each fiscal quarter thereafter | 3.25:1.00 |
3 | With respect to (i) the Fiscal Quarter ended March 31, 2011, the Subject Period shall be the one Fiscal Quarter period ended on such date, (ii) the Fiscal Quarter ended June 30, 2011, the Subject Period shall be the two Fiscal Quarter period ended on such date and (iii) the Fiscal Quarter ended September 30, 2011, the Subject Period shall be the three Fiscal Quarter period ended on such date. |
D - 5
III. Section 7.07 — Capital Expenditures | ||||
A. Capital Expenditures made in the current Fiscal Year: | $ | |||
B. Capital Expenditures committed to be made (but not yet made) in the current Fiscal Year: | $ | |||
C. Capital Expenditures Amount (Line III.A + Line III.B): | $ |
Maximum Capital | ||||
Period | Expenditures Amount4 | |||
Fiscal Year 2011 | $ | 550,000,000 | ||
Fiscal Year 2012 | $ | 635,000,000 | ||
Fiscal Year 2013 | $ | 740,000,000 | ||
Fiscal Year 2014 | $ | 740,000,000 | ||
Fiscal Year 2015 | $ | 730,000,000 | ||
January 1, 2016 and thereafter | $ | 750,000,000 |
4 | The Maximum Capital Expenditures Amount for any Fiscal Year to be increased by the lesser of (a) an amount equal to the excess, if any, of the Maximum Capital Expenditures Amount for the previous Fiscal Year (without giving effect to any adjustment in accordance with this footnote) over the actual amount of Capital Expenditures for such previous Fiscal Year and (b) 10% of the Maximum Capital Expenditures Amount for the previous Fiscal Year. |
D - 6
to the Compliance Certificate
($ in 000’s)
(in accordance with the definition of Excess Cash Flow
as set forth in the Agreement)
1. Consolidated EBITDA for Fiscal Year (Line I.D. 17 above): | $ | |||
2. Cash Consolidated Interest Charges actually paid in cash: | $ | |||
3. Scheduled principal repayments, to the extent actually made, of Term Loans: | $ | |||
4. Scheduled repayments, to the extent actually made, of any other Indebtedness (including scheduled lease or other repayments in connection with any Motor Vehicle Financing or Newly Acquired Motor Vehicle Financing): | $ | |||
5. Voluntary repayments of Indebtedness (other than the Loans and revolving facilities that are not permanently reduced): | $ | |||
6. Cash income Taxes actually paid in cash: | $ | |||
7. Capital Expenditures made in cash (exclusive of Capital Expenditures financed with the proceeds of Indebtedness, equity issuances, casualty proceeds or other proceeds which are not included in Consolidated EBITDA): | $ | |||
8. Cash consideration in respect of Permitted Acquisitions or other permitted capital Investments (including in real estate assets): | $ | |||
9. Restricted Payments (x) which are paid in cash during such period to the extent not deducted in any determination of Excess Cash Flow for any prior Fiscal Year or (y) estimated in good faith to be payable in respect of such period: | $ | |||
10. Investments in any Captive Insurance Company: | $ | |||
11. Excess Cash Flow (Line 1 over Line 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10): | $ |
5 | Schedule 2 should only be included in Compliance Certificates accompanying annual financial statements |
D - 7
1. | Assignor[s]: | |||||
6 | For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. | |
7 | For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. | |
8 | Select as appropriate. | |
9 | Include bracketed language if there are either multiple Assignors or multiple Assignees. |
E-1 - 1
2. | Assignee[s]: | |||||
[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]] | ||
3. | Borrower: Swift Transportation Co., LLC |
4. | Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement |
5. | Credit Agreement: Credit Agreement, dated as of December 21, 2010 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time), among Swift Transportation Company, Swift Transportation Co., LLC, a Delaware limited liability company, the Lenders and agents from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender | |
6. | Assigned Interest: |
Aggregate | Percentage | |||||||||||||||||||||||
Amount of | Amount of | Assigned of | ||||||||||||||||||||||
Facility | Commitment/Loans | Commitment/Loans | Commitment/ | CUSIP | ||||||||||||||||||||
Assignor[s]10 | Assignee[s]11 | Assigned12 | for all Lenders13 | Assigned | Loans14 | Number | ||||||||||||||||||
$ | $ | % | ||||||||||||||||||||||
$ | $ | % | ||||||||||||||||||||||
$ | $ | % |
[7. | Trade Date: ]15 |
10 | List each Assignor, as appropriate. | |
11 | List each Assignee, as appropriate. | |
12 | Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Credit Commitment”, “Term Commitment”, etc.). | |
13 | Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. | |
14 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. | |
15 | To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. |
E-1 - 2
[NAME OF ASSIGNOR] | ||||||
By: | ||||||
ASSIGNEE [NAME OF ASSIGNEE] | ||||||
By: | ||||||
Administrative Agent
By: | ||||
By: | ||||
L/C Issuer and Swing Line Lender
By: | ||||
16 | To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. The consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of (1) any Term Loan Commitment or Revolving Credit Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund. | |
17 | To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. The consent of the Borrower shall (such consent not to be unreasonably withheld or delayed, it being understood that it is reasonable for the Borrower to withhold consent with regard to assignments of Revolving Credit Loans to a financial institution that is not a commercial bank or investment bank that customarily enters into such revolving facilities) be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment, (2) with respect to the Revolving Credit Facility, (x) prior to the first anniversary of the Closing Date, the assigning Lender is a Closing Date Revolving Credit Lender (or an affiliate of, or an Approved Fund with respect to, a Closing Date Revolving Credit Lender);provided that any assignment by a Closing Date Revolving Credit Lender prior to the first anniversary of the Closing Date (other than to an existing Revolving Credit Lender, or an Affiliate of, or Approved Fund with respect to, a Revolving Credit Lender) shall be effected in consultation with the Borrower or (y) such assignment is to a Revolving Credit Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund with respect to a Revolving Credit Lender or (3) with respect to the Term Loan Facility, such assignment is to a Term Lender, an Affiliate of a Term Lender or an Approved Fund with respect to a Term Lender. | |
18 | The consent of the L/C Issuer and Swing Line Lender shall be required for any assignment in respect of the Revolving Credit Facility. |
E-1 - 3
ASSIGNMENT AND ASSUMPTION
E-1 - 4
E-1 - 5
FAX ALONG WITH COMMITMENT LETTER TO: | ||
FAX # | ||||
I. Borrower Name:SWIFT TRANSPORTATION CO., LLC | ||
• | Signing Credit Agreement _____ YES _____ NO |
• | Coming in via Assignment _____ YES _____ NO |
III. Type of Lender: | ||
IV. Domestic Address: | V. Eurodollar Address: | |
E-2 - 1
Primary | Secondary | |||||
Credit Contact | Operations Contact | Operations Contact | ||||
Name: | ||||||
Title: | ||||||
Address: | ||||||
Telephone: | ||||||
Facsimile: | ||||||
E Mail Address: | ||||||
IntraLinks E Mail Address: | ||||||
E-2 - 2
Letter of Credit | Draft Documentation | |||||
Contact | Contact | Legal Counsel | ||||
Name: | �� | |||||
Title: | ||||||
Address: | ||||||
Telephone: | ||||||
Facsimile: | ||||||
E Mail Address: | ||||||
Pay to: | ||||
(Bank Name) | ||||
(ABA #) | ||||
(Account #) | ||||
(Attention) |
E-2 - 3
Pay to: | ||||||
(Bank Name) | ||||||
(ABA#) | (City/State) | |||||
(Account #) | (Account Name) | |||||
(Attention) |
Lender Taxpayer Identification Number (TIN): | _ | |||||||||||
E-2 - 4
Tax Contact | ||
Name: | ||||
Title: | ||||
Address: | ||||
Telephone: | ||||
Facsimile: | ||||
E Mail Address: | ||||
W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. branches for United States Tax Withholding) must be completed by the intermediary together with a withholding statement. Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners.
E-2 - 5
* | Additional guidance and instructions as to where to submit this documentation can be found at this link: |
Pay to: | Bank of America, N.A. | |
ABA # [*] | ||
Dallas, TX | ||
Acct. # [*] | ||
Attn: Corporate Credit Services | ||
Ref: Swift Transportation |
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
E-2 - 6
(See attached)
F - 1
DEFINITIONS
F - 2
F - 3
* | Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. |
F - 4
F - 5
F - 6
GUARANTEE
F - 7
F - 8
SECURITY INTEREST
F - 9
F - 10
F - 11
F - 12
REPRESENTATIONS AND WARRANTIES
F - 13
19
F - 14
F - 15
F - 16
F - 17
F - 18
F - 19
COVENANTS
F - 20
F - 21
F - 22
F - 23
F - 24
F - 25
F - 26
F - 27
F - 28
THE COLLATERAL AGENT
F - 29
REMEDIES
F - 30
F - 31
F - 32
MISCELLANEOUS PROVISIONS
F - 33
F - 34
F - 35
SWIFT TRANSPORTATION CO., LLC SWIFT TRANSPORTATION COMPANY SWIFT TRANSPORTATION CO. OF ARIZONA, LLC SWIFT LEASING CO., LLC SWIFT TRANSPORTATION SERVICES, LLC SWIFT TRANSPORTATION CO. OF VIRGINIA, LLC SWIFT INTERMODAL, LLC COMMON MARKET EQUIPMENT CO., LLC M.S. CARRIERS, LLC SPARKS FINANCE LLC ESTRELLA DISTRIBUTING, LLC | ||||
By: | ||||
Name: | ||||
Title: | ||||
SWIFT SERVICES HOLDINGS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
INTERSTATE EQUIPMENT LEASING, LLC | ||||
By: | ||||
Name: | ||||
Title: | ||||
MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
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to Security Agreement
Common Stock | ||||||||||
# of | Authorized | Outstanding | % of Shares | |||||||
Issuer (corporate) | Cert. # | Shares | Shares | Shares | Pledged | |||||
Limited Liability Company Interests | ||||
% of Limited Liability | Type of Limited Liability | |||
Issuer (limited liability company) | Company Interests Pledged | Company Interests Pledged | ||
Partnership Interests | ||||
% of Partnership | % of Partnership | |||
Issuer (partnership) | Interests Owned | Interests Pledged | ||
to Security Agreement
Name of Grantor: | Location for purposes of UCC: | |
[GRANTOR] | [LOCATION] |
Name of Grantor: | Trade Names: | |
[GRANTOR] |
Name of Grantor: | Merger or other corporate reorganization: | |
[GRANTOR] |
Name of Grantor: | Taxpayer ID numbers: | |
[GRANTOR] |
Name of Grantor: | Description of Contract: | |
[GRANTOR] |
Name of Grantor: | Description of Deposit Accounts and Securities Accounts: | |
[GRANTOR] |
Name of Grantor: | Description of Letter of Credit Rights: | |
[GRANTOR] |
Name of Grantor: | Description of Commercial Tort Claims: | |
[GRANTOR] |
Name of Grantor: | Organizational Identification Number: | |
[GRANTOR] |
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to Security Agreement
Issued Patents | ||||||||
Country | Patent No. | Issue Date | Inventor(s) | Title | ||||
Pending Patent ApplicationsCountry | Serial No. | Filing Date | Inventor(s) | Title | ||||
Country or | Effective | Expiration | ||||||||
Territory | Patent | Licensor | Licensee | Date | Date | |||||
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to Security Agreement
Country | Trademark | Registration No. | Registration Date | |||
Pending Trademark | ||||||
Applications Country | Trademark | Serial No. | Filing Date | |||
Country or | Effective | Expiration | ||||||||||||||||||||
Territory | Trademark | Licensor | Licensee | Date | Date |
4
to Security Agreement
Country | Registration No. | Registration Date | Author(s) | Title | ||||
Country | Serial No. | Filing Date | Author(s) | Title | ||||
Country or | Effective | Expiration | ||||||||
Territory | Copyright | Licensor | Licensee | Date | Date | |||||
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to Security Agreement
6
to Security Agreement
Name of Grantor: | Location of Motor Vehicle Title Office: | Designated Employees With Access to Title: | ||
[GRANTOR] | [LOCATION] | [NAME(S) OF EMPLOYEE(S)] |
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to Security Agreement
2
[NAME OF GRANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: |
3
to Patent Security Agreement
Country | Patent No. | Issue Date | Title | |||
Country | Serial No. | Filing Date | Title | |||
Country or | Effective | Expiration | ||||||||
Territory | Patent | Licensor | Licensee | Date | Date | |||||
4
to Security Agreement
2
3
[NAME OF GRANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: |
4
to Trademark Security Agreement
Country | Trademark | Registration No. | Registration Date | |||
Country | Trademark | Serial No. | Filing Date |
Country or | Effective | Expiration | ||||||||
Territory | Trademark | Licensor | Licensee | Date | Date | |||||
5
to Security Agreement
C-2
C-3
[NAME OF GRANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
C-4
to Copyright Security Agreement
Country | Registration No. | Registration Date | Author(s) | Title | ||||
Country | Serial No. | Filing Date | Author(s) | Title | ||||
Country or | Effective | Expiration | ||||||||
Territory | Copyright | Licensor | Licensee | Date | Date | |||||
C-5
to Security Agreement
GUARANTEE AND COLLATERAL AGREEMENT
C-6
C-7
[NAME OF ADDITIONAL SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
[NAME OF ADDITIONAL SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
ACCEPTED AND AGREED FOR ITSELF AND ON BEHALF OF THE SECURED PARTIES: | ||||
MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: |
C-8
C-9
(See attached)
C-10
MORGAN STANLEY SENIOR FUNDING INC., as First Priority Representative for and on behalf of the First Priority Secured Parties | ||||
By: | ||||
Name: | ||||
Title: | ||||
Address for Notices: Telephone: Telecopy: | ||||
U.S. BANK NATIONAL ASSOCIATION, as Second Priority Representative for and on behalf of the Second Priority Secured Parties | ||||
By: | ||||
Name: | ||||
Title: | ||||
Address for Notices: Telephone: Telecopy: | ||||
SWIFT TRANSPORTATION CO., LLC | ||||
By: | ||||
Name: | ||||
Title: | ||||
SWIFT SERVICES HOLDINGS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
[OTHER GRANTORS] | ||||
By: | ||||
Name: | ||||
Title: | ||||