Attached files
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EX-99.1 - PRESS RELEASE - VITRAN CORP INC | newsrelease.htm |
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) July 11, 2011
Vitran Corporation
(Exact name of registrant as specified in its charter)
ONTARIO, CANADA | 001-32449 | 98-0358363 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
185 The West Mall, Suite 701, Toronto, Ontario, Canada | M9C 5L5 | |||
(Address of principal executive offices) | (Zip Code) |
416-596-7664
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
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): |
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[ ] | 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)) |
Item 1.01. Entry into a Material Definitive Agreement.
On July 11, 2011, Vitran Corporation Inc. (the "Company") and certain of its subsidiaries completed Amendment No. 8 to the July 31, 2007 Credit Agreement (the "Amending Agreement") led by JPMorgan Chase Bank, N.A., as agent (the "Agent"), and other lenders that are parties thereto (the "Lending Group"). The Amending Agreement amends the original credit agreement dated July 31, 2007 (the "Original Credit Agreement") among the Company, certain of its subsidiaries, the Agent, and the Lending Group. The Original Credit Agreement continues in full force and effect, other than as amended by the Amending Agreement and (i) Amendment No. 1 to Credit Agreement dated as of January 21, 2008, (ii) Amendment No. 2 to Credit Agreement dated as of April 10, 2008, (iii) Amendment No. 3 to Credit Agreement dated as of December 30, 2008, (iv) Amendment No. 4 to Credit Agreement dated as of March 6, 2009, (v) Amendment No. 5 to Credit Agreement dated as of May 8, 2009, (vi) Amendment No. 6 to Credit Agreement dated as of September 17, 2009 and (vii) Amendment No. 7 to Credit Agreement dated as of December 22, 2010.
The following is a summary of the material terms of the amendments to the Original Credit Agreement, as amended by the Amending Agreement:
FD Disclosure
Q2-11
Q3-11
Q4-11
Thereafter
Debt to EBITDA maximum
4.50:1
4.50:1
4.25:1
4.00:1
EBITDAR to Interest Expense and Rent minimum
1.35:1
1.35:1
1.35:1
1.35:1
On July 12, 2011 the Registrant issued the attached news release entitled "Vitran Corporation Inc. Expands its Revolving Credit Facility and Announces Date for Second Quarter Conference Call" announcing that it has entered into the amended credit agreement described in Item 1.01 of this Report. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Report, including the exhibits attached hereto which are incorporated herein by reference, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are attached to this Current Report on Form 8-K:
Exhibit No.
Description
99.1
News Release dated July 12, 2011. (1)
(1) Filed as an exhibit hereto
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vitran Corporation |
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Date: July 12, 2011 |
/s/ SEAN P. WASHCHUK Sean P. Washchuk Vice President Finance and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | News Release dated July 12, 2011. (1) |
(1) Filed as an exhibit hereto