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 8, 1999 (October 25, 1999) TRANSIT GROUP, INC. (Exact name of Registrant as specified in its charter) Florida (State or other jurisdiction of 000-18601 59-2576629 incorporation or organization) (Commission File No.) (IRS Employer Identification No.) 2859 Paces Ferry Road Suite 1740 Atlanta, Georgia 30339 (Address of principal executive offices, including zip code) (770) 444-0240 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS On October 25, 1999, the Registrant entered into a five-year, $150 million credit facility, guaranteed by certain subsidiaries of the Registrant, with a syndicate of participating banks led by Bank One, NA as agent. The credit facility will replace a $33 million revolver/term credit facility. The credit facility will support the Registrant's ongoing acquisition and expansion program as well as working capital and equipment requirements associated with the internal growth of the Registrant's trucking subsidiaries. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits -------- 2.1 Acquisition Credit Agreement dated as of October 25, 1999 among the Registrant, the Lenders named therein and Bank One, NA. 2.2 Credit Agreement dated as of October 25, 1999 among the Registrant, the Lenders named therein and Bank One, NA. 2.3 Pledge and Security Agreement dated as of October 25, 1999 among the Registrant, the subsidiaries of the Registrant listed therein and Bank One, NA. 2.4 Subsidiary Guaranty dated as of October 25, 1999 made by the subsidiaries of the Registrant listed therein for the benefit of the Lenders. 99.1 Press Release 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. TRANSIT GROUP, INC. Date: November 8, 1999 /s/ Philip A. Belyew -------------------- Philip A. Belyew President and Chief Executive Officer