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): November 26, 2014
TRAC Intermodal LLC
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
551112
(Primary Standard Industrial
Classification Code Number)
46-0648957
(I.R.S. Employer Identification No.)
211 College Road East
Princeton, New Jersey 08540
(609) 452-8900
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive
offices)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On November 25, 2014, Interpool, Inc., d/b/a TRAC Intermodal (the “Company”) a subsidiary of TRAC Intermodal LLC, entered into an incremental facility amendment (the “Incremental Amendment”) to the Company’s existing asset backed credit agreement, dated as of August 9, 2012, as amended or modified from time to time (the “Credit Agreement”) among the loan parties listed therein, the lenders named therein and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”).
Pursuant to the Incremental Amendment, the Company obtained additional revolving commitments under the Credit Agreement through its Administrative Agent from one new and eight existing lenders in the aggregate principle amount of $146,000,000 as follows:
Lender |
| Incremental Revolving |
| New / Existing Lender in |
| |
ING Bank N.V. |
| $ | 75,000,000 |
| New |
|
NYCB Specialty Finance Company, LLC |
| $ | 20,000,000 |
| Existing |
|
MUFG Union Bank, National Association |
| $ | 15,000,000 |
| Existing |
|
SunTrust Bank |
| $ | 10,000,000 |
| Existing |
|
Compass Bank |
| $ | 8,000,000 |
| Existing |
|
People’s United Bank |
| $ | 5,000,000 |
| Existing |
|
Webster Business Credit Corporation |
| $ | 5,000,000 |
| Existing |
|
City National Bank |
| $ | 5,000,000 |
| Existing |
|
First Niagara Commercial Finance, Inc. |
| $ | 3,000,000 |
| Existing |
|
Total |
| $ | 146,000,000 |
|
|
|
As a result of the Incremental Amendment, the aggregate total revolving commitment under the Credit Agreement is $1,176,000,000.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Agreement of a Registrant.
The information set forth in Item 1.01 to this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits.
d) Exhibits
Exhibit |
| Description |
|
|
|
10.1 |
| Incremental Facility Amendment, dated as of November 25, 2014, to the Credit Agreement dated as of August 9, 2012 by and among Interpool, Inc., the other loan parties identified therein, J.P. Morgan Chase Bank, National Association as administrative agent, J.P. Morgan Securities and the lenders party thereto |
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.
| TRAC Intermodal LLC | |
|
| |
|
| |
Dated: November 26, 2014 | By: | /s/ Gregg Carpene |
|
| Name: Gregg Carpene |
|
| Title: General Counsel |