ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement |
On February28, 2017, Roadrunner Transportation Systems, Inc. (the
Company) entered into a Forbearance Agreement and Second
Amendment to Sixth Amended and Restated Credit Agreement (the
Amendment), which was made effective as of February27, 2017. to
the Amendment, the Companys lenders agreed to forbear from
exercising the remedies available under the Companys senior
secured credit agreement in respect of certain disclosed credit
agreement events of default until the earliest to occur of (i)a
breach by the Company of any of its covenants in the Amendment,
(ii)any other default or event of default under the Companys
credit agreement, (iii)March31, 2017, and (iv)certain other
specified events, including a Company material adverse effect.
The Amendment also amends certain credit agreement covenants and
other provisions, requires certain Company reporting and
information, and imposes other obligations on the Company.
The foregoing description of the Amendment is qualified in its
entirety by reference to the full text of such agreement, a copy
of which is filed as Exhibit 10.31 to this Current Report and is
incorporated herein by reference.
| Item7.01. | Regulation FD Disclosure |
On March6, 2017, the Company issued a press release announcing
its entry into the Amendment, a copy of which is furnished as
Exhibit99.1 hereto to Item7.01 of Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the
information furnished to this Item7.01, including Exhibit 99.1
furnished herewith, shall not be deemed filed for purposes of
Section18 of the U.S. Securities Exchange Act of 1934, as amended
(the Exchange Act), nor shall such be deemed incorporated by
reference in any filing under the U.S. Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
| Item9.01. | Financial Statements and Exhibits. |
| (a) | Financial Statements of Business Acquired. |
Not applicable.
| (b) | Pro Forma Financial Information. |
Not applicable.
| (c) | Shell Company Transactions. |
Not applicable.
| (d) | Exhibits. |
|
Exhibit Number |
||
| 10.31 |
Forbearance Agreement and Second Amendment to Sixth Amended and Restated Credit Agreement, effective as of February 27, 2017, by and among Roadrunner Transportation Systems, Inc., the lenders party to the Credit Agreement and U.S. Bank National Association, one of the lenders and as administrative agent for the lenders |
|
| 99.1 |
Press Release entitled Roadrunner Transportation Systems Announces Interim Credit-Facility Amendment |
About ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS)
Roadrunner Transportation Systems, Inc. (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions. The Company operates through three segments: Truckload Logistics, Less-than-Truckload and Global Solutions. The Company utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers. ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Recent Trading Information
ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) closed its last trading session down -0.03 at 7.67 with 451,602 shares trading hands.
