General Finance Corporation (NASDAQ:GFN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Entry into a Definitive Material Agreement
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Item 1.01
Financial Statements and Exhibits
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General Finance Corporation (NASDAQ:GFN) Files An 8-K Entry into a Material Definitive Agreement
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Exhibit 10.1 |
Increase and Joinder Agreement dated as of June 30, 2017 among Wells Fargo Bank, National Association, Associated Bank, N.A., East West Bank, CIT Bank, N.A., the Private Bank and Trust Company, Key Bank, National Association, Bank Hapoalim, N.A., GACP I, L.P., GFNRealty Company,LLC, Lone Star Tank Rental Inc., Pac-Van, Inc. and Southern Frac,LLC |
Item 1.01Entry into a Definitive Material Agreement
On June 30, 2017, Wells Fargo Bank, National Association ("Wells Fargo"), Associated Bank, N.A. (“Associated”), East West Bank ("East West"), CIT Bank, N.A. (“CIT”), the Private Bank and Trust Company (the "Private Bank"), Key Bank, National Association (“Key Bank”), Bank Hapoalim, N.A. (“BHI”) and GACP I, L.P. (“Great American” and collectively with Wells Fargo, Associated, East West, CIT, Private Bank, Key Bank and BHI, the "Lenders"), GFNRealty Company,LLC, (“GFNRC”), Lone Star Tank Rental Inc. (“Lone Star”), Pac-Van, Inc. (“Pac-Van”) and Southern Frac,LLC (“Southern Frac” and collectively with GFNRC, Lone Star and Pac-Van, the “Borrowers”) entered into that certain Increase and Joinder Agreement (the “Agreement”).
The Agreement, among other things, adds Associated Bank, N.A. as a lender and increases by $7 million from $210 million to $217 million the Maximum Revolver Amount under that certain Amended and Restated Credit Agreement dated April 7, 2014 (as amended to date, the “Credit Agreement”).
The foregoing description of the Agreement is qualified in its entirety by the Agreement, which is attached hereto as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 1.01Financial Statements and Exhibits
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Exhibit |
Exhibit Description |
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10.1 |
Increase and Joinder Agreement dated as of June 30, 2017 among Wells Fargo Bank, National Association, Associated Bank, N.A., East West Bank, CIT Bank, N.A., the Private Bank and Trust Company, Key Bank, National Association, Bank Hapoalim, N.A., GACP I, L.P., GFNRealty Company,LLC, Lone Star Tank Rental Inc., Pac-Van, Inc. and Southern Frac,LLC |
General Finance CORP ExhibitEX-10.1 2 exhibit_101.htm MATERIAL CONTRACTS Blueprint EXHIBIT 10.1 INCREASE AND JOINDER AGREEMENT This Increase and Joinder Agreement is dated as of June 30,…To view the full exhibit click here
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.
