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001-32845
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32-0163571
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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39 East Union Street
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Pasadena, California
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91103
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(Address of Principal Executive Offices)
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(Zip Code)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Page
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Item 1.01
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Entry Into a Material Definitive Agreement
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1
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Item 9.01
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Financial Statements and Exhibits
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2
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10.1
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Omnibus Amendment and Reaffirmation Agreement is dated as of March 24, 2017
among Wells Fargo Bank, National Association ("Wells Fargo"), 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, East West, CIT, Private Bank, Key Bank and BHI, the "Lenders"),
GFN Realty Company, LLC, ("GFNRC"), Lone Star Tank Rental Inc. ("Lone Star"), Pac-Van, Inc. ("Pac-Van"), Southern Frac, LLC ("Southern Frac"), PV Acquisition Corp., ("PV Acquisition"), GFN Manufacturing Corporation ("GFN Manufacturing"), and GFN North America Corp. ("GFNNA" and collectively with GFNRC, Southern Frac, Lone Star, Pac-Van, PV Acquisition and GFN Manufacturing, the "Credit Parties")
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10.2
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Pledge Agreement dated March 24, 2017 by GFN Realty Company, LLC ("GFN Realty"), for the benefit of Wells Fargo, as agent for the Lenders
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10.3
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Master Assignment and Assumption Agreement dated March 24, 2017 among Pac-Van, the Lenders, Capital One Business Corp. and HSBC Bank U.S.A.
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10.4
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Intercreditor Provisions dated March 24, 2017 among the Lenders and the Credit Parties
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GENERAL FINANCE CORPORATION
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Dated: March 31, 2017
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By:
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/s/ CHRISTOPHER A. WILSON
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Christopher A. Wilson
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General Counsel, Vice President and Secretary
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Exhibit Number
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Exhibit Description
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10.1
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Omnibus Amendment and Reaffirmation Agreement is dated as of March 24, 2017
among Wells Fargo Bank, National Association ("Wells Fargo"), 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, East West, CIT, Private Bank, Key Bank and BHI, the "Lenders"),
GFN Realty Company, LLC, ("GFNRC"), Lone Star Tank Rental Inc. ("Lone Star"), Pac-Van, Inc. ("Pac-Van"), Southern Frac, LLC ("Southern Frac"), PV Acquisition Corp., ("PV Acquisition"), GFN Manufacturing Corporation ("GFN Manufacturing"), and GFN North America Corp. ("GFNNA" and collectively with GFNRC, Southern Frac, Lone Star, Pac-Van, PV Acquisition and GFN Manufacturing, the "Credit Parties")
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10.2
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Pledge Agreement dated March 24, 2017 by GFN Realty Company, LLC ("GFN Realty"), for the benefit of Wells Fargo, as agent for the Lenders
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10.3
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Master Assignment and Assumption Agreement dated March 24, 2017 among Pac-Van, the Lenders, Capital One Business Corp. and HSBC Bank U.S.A.
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10.4
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Intercreditor Provisions dated March 24, 2017 among the Lenders and the Credit Parties
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GFN NORTH AMERICA CORP.
By:
/s/ Christopher A. Wilson
Name: Christopher A. Wilson Title: Secretary |
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GFN REALTY COMPANY, LLC
By:
/s/ Christopher A. Wilson
Name: Christopher A. Wilson Title: Secretary |
Pledgor
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Issuer
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Pledged Equity Description
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Percentage of Interests in Issuer
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Certificate Number
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GFN North America Corp.,
a Delaware corporation |
GFN Realty Company, LLC, a Delaware limited liability company
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Membership interests
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100%
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n/a
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Dated:
_______________________________________
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GFN NORTH AMERICA CORP.
By:
_______________________________________
Name: _______________________________________ Title: _______________________________________ |
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WELLS FARGO BANK, NATIONAL ASSOCIATION,
as an Assignor
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By:
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/s/ Brian Hynds
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Name:
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Brian Hynds
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Its Authorized Signatory
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WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Agent
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By:
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/s/ Brian Hynds
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Name:
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Brian Hynds
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Its Authorized Signatory
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HSBC BANK USA, NATIONAL ASSOCIATION,
as an Assignor
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By:
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/s/ Thomas L. Nolan
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Name:
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Thomas L. Nolan
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Its Authorized Signatory
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CAPITAL ONE BUSINESS CREDIT CORP.,
as an Assignor
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By:
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/s/ Laurel Vanney
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Name:
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Laurel Vanney, VP
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Its Authorized Signatory
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EAST WEST BANK,
as an Assignee
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By:
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/s/ Nima Rassouli
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Name:
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Nima Rassouli
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Its Authorized Signatory
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CIT BANK, N.A.,
f/k/a OneWest Bank N.A.,
successor in interest to OneWest Bank, FSB,
as an Assignee
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By:
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/s/ Christopher J. Esposito
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Name:
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Christopher J. Esposito
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Its Authorized Signatory
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THE PRIVATEBANK AND TRUST COMPANY,
as an Assignee
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By:
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/s/ Scott Dvornik
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Name:
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Scott Dvornik
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Its Authorized Signatory
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KEYBANK, NATIONAL ASSOCIATION,
as an Assignee
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By:
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/s/ Nadine M. Eames
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Name:
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Nadine M. Eames
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Its Authorized Signatory
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BANK HAPOALIM B.M.,
as an Assignee
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By:
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/s/ Lenroy Hackett
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Name:
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Lenroy Hackett, Senior Vice President
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Its Authorized Signatory
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By:
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/s/ Elliot Winter
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Name:
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Elliot Winter, Senior Vice President
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Its Authorized Signatory
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PAC-VAN, INC.,
as Administrative Borrower on behalf of Borrowers
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By:
/s/ Christopher A. Wilson
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Name: Christopher A. Wilson
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Title: Secretary
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Assignor
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Assignee
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Assigned amount of Revolving Loans
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Assigned amount of Revolver Commitment (unadjusted)
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Assigned amount of Revolver Commitment (adjusted)
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Purchase Price
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Assignments by Wells Fargo Bank, National Association
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Wells Fargo Bank, National Association
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East West Bank
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$
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584,025.38
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$
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4,863,636.36
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$
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3,890,909.09
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$
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584,025.38
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CIT Bank, N.A.
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$
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180,619.92
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$
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1,215,909.09
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$
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972,727.27
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$
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180,619.92
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The PrivateBank and Trust Company
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$
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74,261.85
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$
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364,772.73
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$
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291,818.18
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$
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74,261.85
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KeyBank, National Association
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$
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292,012.69
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$
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2,431,818.18
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$
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1,945,454.55
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$
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292,012.69
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Bank Hapoalim B.M.
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$
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219,009.52
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$
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1,823,863.64
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$
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1,459,090.91
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$
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219,009.52
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Subtotals
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$
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1,349,929.36
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$
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10,700,000.00
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$
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8,560,000.00
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$
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1,349,929.36
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Assignments by HSBC Bank USA, National Association
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HSBC Bank USA, National Association
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East West Bank
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$
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24,237,114.50
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$
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31,500,000.00
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$
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25,200,000.00
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$
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24,237,114.50
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CIT Bank, N.A.
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$
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7,495,745.54
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$
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7,875,000.00
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$
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6,300,000.00
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$
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7,495,745.54
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The PrivateBank and Trust Company
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$
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3,081,874.47
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$
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2,362,500.00
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$
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1,890,000.00
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$
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3,081,874.47
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KeyBank, National Association
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$
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12,118,557.25
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$
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15,750,000.00
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$
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12,600,000.00
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$
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12,118,557.25
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Bank Hapoalim B.M.
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$
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9,088,917.94
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$
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11,812,500.00
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$
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9,450,000.00
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$
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9,088,917.94
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Subtotals
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$
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56,022,209.70
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$
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69,300,000.00
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$
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55,440,000.00
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$
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56,022,209.70
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Assignments by Capital One Business Credit Corp.
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Capital One Business Credit Corp.
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East West Bank
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$
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10,492,253.60
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$
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13,636,363.64
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$
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10,909,090.91
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$
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10,492,253.60
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CIT Bank, N.A.
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$
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3,244,910.33
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$
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3,409,090.91
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$
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2,727,272.73
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$
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3,244,910.33
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The PrivateBank and Trust Company
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$
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1,334,144.32
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$
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1,022,727.27
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$
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818,181.82
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$
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1,334,144.32
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KeyBank, National Association
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$
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5,246,126.80
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$
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6,818,181.82
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$
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5,454,545.45
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$
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5,246,126.80
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Bank Hapoalim B.M.
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$
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3,934,595.10
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$
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5,113,636.36
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$
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4,090,909.09
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$
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3,934,595.10
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Subtotals
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$
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24,252,030.15
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$
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30,000,000.00
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$
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24,000,000.00
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$
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24,252,030.15
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Wells Fargo Bank, National Association
:
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HSBC Bank USA, National Association
:
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Capital One Business Credit Corp.
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East West Bank
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Notice
Wells Fargo Bank, National Association
10 S. Wacker Drive, 13th Floor MAC N8405-131 Chicago, Illinois 60606 Attn: Loan Portfolio Manager (Pac Van) |
Notice
HSBC Bank USA N.A.
452 Fifth Avenue New York, NY 10018 Attention: Kahy VanRemmen |
Notice
Capital One Bank
275 Broadhollow Road Melville, NY 11747 |
Notice
East West Bank
135 N. Los Robles Avenue, 6th Floor Pasadena, CA 91101 Attention: Nima Michael Rassouli |
Payment instructions
Bank name:
Wells Fargo Bank, N.A.
City/State:
San Francisco, CA
ABA no.:
*
Acct. name:
Wells Fargo Bank, N.A.
Acct. no:
*
Reference:
Pac-Van
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Payment instructions
Bank name:
HSBC Bank USA NA
City/State:
New York, NY
ABA no.:
*
Acct. name:
HSBC Bank USA NA ABL Group
Acct. no:
*
Reference:
Pac Van Inc
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Payment instructions
Bank name:
Capital One
City/State:
Melville, NY
ABA no.:
*
Acct. name:
Capital One Business Credit
Acct. no:
*
Reference:
PAC-VAN
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Payment instructions
Bank name:
East West Bank
City/State:
ABA no.:
*
Acct. name:
Loan Servicing Dept
Acct. no:
*
Reference:
GFN-LN 9034660116
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CIT Bank, N.A.
:
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The PrivateBank and Trust Company
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KeyBank, National Association
:
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Bank Hapoalim B.M.
:
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Notice
CIT Bank, N.A.
11 West 42nd Street, 13th Floor New York, NY 10096 Attention: Craig Hopper |
Notice
The PrivateBank and Trust Company
201 N. Illinois Street, 16th floor Indianapolis, IN 46204 Attention: Scott Dvornik |
Notice
KeyBank, National Association
127 Public Square Cleveland, OH 44114 Attention: Nadine Eames |
Notice
Bank Hapoalim B.M.
555 South Flower Street, #4210 Los Angeles, CA 90071 Attention: Steve Brennan |
Payment instructions
Bank name:
JP Morgan Chase
City/State:
New York, NY
ABA no.:
*
Acct. name:
CIT Bank, N.A.
Acct. no:
*
Reference:
Pac-Van
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Payment instructions
Bank name:
The PrivateBank and Trust Company
City/State:
Chicago, IL
ABA no.:
*
Acct. name:
Loan Control
Acct. no:
*
Reference:
Pac-Van
Attention: Syndication Team |
Payment instructions
Bank name:
KeyBank National Association
City/State:
Cleveland, OH
ABA no.:
*
Acct. name:
Key Agency Services
Acct. no:
*
Reference:
Pac-Van, Inc.
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Payment instructions
Bank name:
BHI
City/State:
New York, NY
ABA no.:
*
Acct. name:
Loan Operations
Acct. no:
*
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