• SEC Filings

Item 1.01Entry into a Definitive Material Agreement

On July 31, 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 Amendment No.7 (the “Amendment”) to the Amended and Restated Credit Agreement dated April 7, 2014 (as amended to date, the “Credit Agreement”).

The Amendment, among other things, corrects a scrivener’s error in that certain Amendment No. 1 to the Credit Agreement so that the maximum permitted principal amount of permitted purchase money indebtedness is increased to $10,000,000 and provides the Lenders’ consent to a certain sale-leaseback transaction.

The foregoing description of the Amendment is qualified in its entirety by the Amendment, which is attached hereto as Exhibit 10.1 hereto and is incorporated by reference herein.

Item 1.01Financial Statements and Exhibits

General Finance CORP Exhibit
EX-10.1 2 exhibit_101.htm MATERIAL CONTRACTS Blueprint EXHIBIT 10.1   AMENDMENT NO. 7   TO AMENDED AND RESTATED CREDIT AGREEMENT   This Amendment No. 7 to Amended and Restated Credit Agreement is dated as of July 31,…
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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.