Federal Signal Corporation (NYSE:FSS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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corporation (the Company), executed a First Amendment to Amended
and Restated Credit Agreement (the First Amendment), by and among
the Company and certain of its foreign subsidiaries, Wells Fargo
Bank, National Association, as administrative agent, and the
lenders party thereto.
increase in the Companys aggregate borrowing capacity under its
revolving credit facility from $325.0 million to $400.0 million;
and (b) an increase in the borrowings available under the
Companys revolving credit facility in denominations of Canadian
Dollars from C$85.0 million to C$100.0 million.
be complete and is qualified in its entirety by reference to the
First Amendment, a copy of which is attached as Exhibit 10.1 to
this Current Report on Form 8-K and is incorporated herein by
reference.
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Item 2.01
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Completion of Acquisition or Disposition of Assets.
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the Company with the Securities and Exchange Commission (the SEC)
on May 8, 2017, the Company previously entered into a Stock
Purchase Agreement (the Purchase Agreement) with GenNx/TBEI
Holdings, LLC, a Delaware limited liability company.
Agreement, the Company completed the acquisition of all of the
outstanding shares of capital stock of GenNx/TBEI Intermediate
Co., a Delaware corporation, for $270 million, subject to certain
closing and post-closing adjustments (the Acquisition).
purport to be complete and is qualified in its entirety by
reference to the full text of the Purchase Agreement, a copy of
which is incorporated by reference to Exhibit 10.1 to the Current
Report on Form 8-K filed by the Company with the SEC on May 8,
2017.
8-K with the SEC the financial statements and pro forma financial
information required to be filed to Rule 3-05 of Regulation S-X
and Article 11 of Regulation S-X not later than August 18, 2017,
which is 71 calendar days after the date on which this Current
Report on Form 8-K was required to be filed with the SEC.
in relation to the closing of the Acquisition is furnished
herewith as Exhibit 99.1 and incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(a)
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The required financial statements of the acquired
business will be filed by amendment to this Current Report on Form 8-K not later than August 18, 2017 (which is 71 calendar days after the date that this initial Current Report on Form 8-K was required to be filed). |
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(b)
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The required pro forma financial information will be
filed by amendment to this Current Report on Form 8-K not later than August 18, 2017 (which is 71 calendar days after the date that this initial Current Report on Form 8-K was required to be filed). |
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(d)
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Exhibits
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10.1
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First Amendment to Amended and Restated Credit
Agreement, dated as of June 2, 2017, by and among Federal Signal Corporation and certain of its foreign subsidiaries, Wells Fargo Bank, National Association, and the Lenders party thereto. |
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10.2
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Stock Purchase Agreement, dated as of May 8, 2017, by
and between GenNx/TBEI Holdings, LLC and Federal Signal Corporation. Incorporated by reference to Exhibit 10.1 to the Companys Current Report on Form 8-K filed May 8, 2017. |
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99.1
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Federal Signal Corporation Press Release, dated June 2,
2017. |
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About Federal Signal Corporation (NYSE:FSS)
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment. Its products are sold to both municipal and industrial customers under the Elgin, Vactor, Guzzler and Jetstream brand names. Safety and Security Systems Group is a manufacturer and supplier of systems and products that law enforcement, fire rescue, emergency medical services, campuses military facilities and industrial sites use to protect people and property. Its portfolio of products includes sewer cleaners, vacuum trucks, street sweepers, safety and security systems, including products and solutions for the public safety market. Federal Signal Corporation (NYSE:FSS) Recent Trading Information
Federal Signal Corporation (NYSE:FSS) closed its last trading session up +0.29 at 16.41 with 336,098 shares trading hands.
