ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

Entry into a Material Definitive Agreement.
On March 31, 2017, Roadrunner Transportation Systems, Inc. (the
Company) entered into a Forbearance Agreement Extension and Third
Amendment to Sixth Amended and Restated Credit Agreement (the
Amendment), with the lenders party to the credit agreement and
U.S. Bank National Association as one of the lenders and as
administrative agent for the lenders. The Amendment was effective
as of March 31, 2017. to the Amendment, the Companys lenders
agreed to forbear from exercising the remedies available under
the Companys senior secured credit agreement in respect of
certain disclosed credit agreement events of default until the
earliest to occur of (i) a breach by the Company of any of its
covenants in the Amendment, (ii) any other default or event of
default under the Companys credit agreement, (iii) May 19, 2017,
and (iv) certain other specified events, including a Company
material adverse effect. The Amendment also amends certain credit
agreement covenants and other provisions, requires certain
Company reporting and information, and imposes other obligations
on the Company.
The foregoing description of the Amendment is qualified in its
entirety by reference to the full text of such agreement, a copy
of which is filed as Exhibit 10.32 to this Current Report and is
incorporated herein by reference.
Item 5.02.
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On March 29, 2017, Mr. Peter Armbruster was terminated from his
positions as the Companys principal financial officer and
principal accounting officer.
Item 7.01.
Regulation FD Disclosure.
On April 3, 2017, the Company issued a press release announcing
its entry into the Amendment and that Mr. Armbruster would be
leaving the Company, a copy of which is furnished as Exhibit 99.1
hereto to Item 7.01 of Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the
information furnished to this Item 7.01, including Exhibit 99.1
furnished herewith, shall not be deemed filed for purposes of
Section 18 of the U.S. Securities Exchange Act of 1934, as
amended (the Exchange Act), nor shall such be deemed incorporated
by reference in any filing under the U.S. Securities Act of 1933,
as amended, 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.
(a)
Financial Statements of Business Acquired.
Not applicable.
(b)
Pro Forma Financial Information.
Not applicable.
(c)
Shell Company Transactions.
Not applicable.
(d)
Exhibits.
Exhibit
Number
10.32
Forbearance Agreement and Third Amendment to Sixth
Amended and Restated Credit Agreement, effective as of
March 31, 2017, by and among Roadrunner Transportation
Systems, Inc., the lenders party to the Credit
Agreement and U.S. Bank National Association, one of
the lenders and as administrative agent for the lenders
99.1
Press Release entitled Roadrunner Transportation
Systems Announces Extension to Interim Credit Facility
Amendment


About ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS)

Roadrunner Transportation Systems, Inc. (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions. The Company operates through three segments: Truckload Logistics, Less-than-Truckload and Global Solutions. The Company utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers.

ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Recent Trading Information

ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) closed its last trading session down -0.36 at 6.51 with 538,567 shares trading hands.