General Finance Corporation (NASDAQ:GFN) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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General Finance Corporation (NASDAQ:GFN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

Entry Into a Material Definitive Agreement
Item 8.01
Other Events
Item 9.01
Financial Statements and Exhibits
Exhibit 10.1
Underwriting Agreement dated April 18, 2017 between D.A.
Davidson Co. and General Finance Corporation
Exhibit 99.1
Press Release of GFN dated April 18, 2017
Exhibit 99.2
Press Release of GFN dated April 18, 2017
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Item 1.01 Entry Into a Material Definitive Agreement
On April 18, 2017, D.A. Davidson Co. (“DA Davidson”) and
General Finance Corporation (“GFN”) entered into that certain
Underwriting Agreement (the “Underwriting Agreement”). to the
Underwriting Agreement, GFN agreed to issue and sell to DA
Davidson (the “Underwriter”) $5,390,000 aggregate principal
amount of its 8.125% senior notes due 2021 (the “Notes”). The
Notes will be issued on April 24, 2017 to an indenture dated as
of June 18, 2014, as supplemented by a second supplemental
indenture to be dated as of April 24, 2017. to the Underwriting
Agreement, GFN must pay the Underwriters an underwriting fee
equal to 3.5% of the gross proceeds of the sale of the Notes.
The foregoing description of the Underwriting Agreement is
qualified in its entirety by the Underwriting Agreement, which is
attached hereto as Exhibit 10.1 hereto and is incorporated by
reference herein.
Item 8.01 Other Events
On April 18, 2017 GFN announced the commencement of its senior
notes offering.
A copy of the press release of GFN dated April 18, 2017 is
attached as Exhibit 99.1 and is incorporated by reference herein.
On April 18, 2017 GFN announced the pricing of its senior notes
due 2021.
A copy of the press release of GFN dated April 18, 2017 is
attached as Exhibit 99.2 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
Exhibit
Exhibit Description
10.1
Underwriting Agreement dated April 18, 2017 between D.A.
Davidson Co. and General Finance Corporation
99.1
Press Release of GFN dated April 18, 2017
99.2
Press Release of GFN dated April 18, 2017


About General Finance Corporation (NASDAQ:GFN)

General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc. and its Canadian subsidiary, PV Acquisition Corp. (Pac-Van) and Lone Star Tank Rental Inc. (Lone Star), and the manufacturing operations of GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac). As of June 30, 2016, the Company provided its storage solutions to over 41,000 customers across a range of industries, including commercial, construction, retail, transportation, education and others.

General Finance Corporation (NASDAQ:GFN) Recent Trading Information

General Finance Corporation (NASDAQ:GFN) closed its last trading session down -0.10 at 4.85 with 5,902 shares trading hands.