General Finance Corporation (NASDAQ:GFN) Files An 8-K Other Events
Item 8.01
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Other Events
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Item 9.01
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Financial Statements and Exhibits
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Exhibit 99.1
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Press Release of GFN dated March 28, 2017
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extension of its North American Senior Secured Revolving Credit
Facility (the “Facility”), with a syndicate led by Wells Fargo
Bank, National Association (“Wells Fargo”) that also includes
East West Bank, CIT Bank, N.A., the Private Bank and Trust
Company, KeyBank, National Association and Bank Hapoalim B.M. The
Facility now totals $230,000,000 and is scheduled to mature on
March 24, 2022, assuming the Company’s 8.125% Senior Unsecured
Notes due July 31, 2021 are extended at least 90 days past this
scheduled maturity date; otherwise the Facility would mature on
March 24, 2021.
entered into a separate loan agreement with Great American
Capital Partners (“GACP”) where GACP provided a First In Last
Out (“FILO”) Term Loan within the North American Senior Secured
Credit Facility, in the amount of $20,000,000.
attached as Exhibit 99.1 and is incorporated by reference herein.
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Exhibit
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Exhibit Description
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99.1
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Press Release of GFN dated March 28, 2017
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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. General Finance Corporation (NASDAQ:GFN) Recent Trading Information
General Finance Corporation (NASDAQ:GFN) closed its last trading session up +0.02 at 5.07 with 22,674 shares trading hands.