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EX-10.1 - EX-10.1 - TRAC Intermodal LLCa14-25241_1ex10d1.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): 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
Commitment

 

New / Existing Lender in
Credit Agreement

 

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
Number

 

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

 

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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

 

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