-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CUFY+cJ5oMScgR5zVM8g3VNrSCUCOaeHaBezm3rWVJX3S4ye8owX6BWKf+COctsd 2NhzeSo7Z38z+1kmeRlUTQ== 0001104659-05-031933.txt : 20050711 0001104659-05-031933.hdr.sgml : 20050711 20050711153422 ACCESSION NUMBER: 0001104659-05-031933 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050706 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050711 DATE AS OF CHANGE: 20050711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLANTIC EXPRESS TRANSPORTATION CORP CENTRAL INDEX KEY: 0001035423 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 133924567 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24247 FILM NUMBER: 05948038 BUSINESS ADDRESS: STREET 1: 7 NORTH STREET STREET 2: STATEN ISLAND CITY: NEW YORK STATE: NY ZIP: 10302-1205 BUSINESS PHONE: 7184427000 MAIL ADDRESS: STREET 1: 7 NORTH STREET STREET 2: STATEN ISLAND CITY: NEW YORK STATE: NY ZIP: 10302-1205 8-K 1 a05-12058_18k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):

July 11, 2005 (July 6, 2005)

 

Atlantic Express Transportation Corp.

(Exact Name of Registrant as Specified in Charter)

 

New York 

 

4151 

 

13-392-4567 

(State or Other Jurisdiction
of Incorporation)

 

(Primary Standard Industrial
Classification Code Number)

 

(IRS Employer
Identification No.)

 

7 North Street Staten Island, New York 10302-1205

(Address of Principal Executive Offices, including Zip Code)

 

Registrant’s telephone number, including area code: (718) 556-8079

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Please note that Atlantic Express Transportation Corp. (the “Company”) is not a public reporting company and is submitting this Current Report in order to comply with a reporting obligation under an indenture governing its debt securities.

 

Item 2.01.              Completion of Acquisition or Disposition of Assets.

 

On July 6, 2005, 201 West Sotello Realty Inc., a subsidiary of the Company, completed the sale and leaseback of its owned real property located in Los Angeles, California.  The sale and lease back was pursuant to the Agreement and Escrow Instructions for Purchase of Real Estate (the “Agreement and Escrow Instructions”) with S.R. Partners (the “Buyer”).  Pursuant to the Agreement and Escrow Instructions, 201 West Sotello Realty Inc. sold to the Buyer its owned real property located in Los Angeles, California for a gross purchase price of $5,000,000.  In connection with the sale of the property, Atlantic Express of L.A. Inc., a subsidiary of the Company, agreed to leaseback the premises from the Buyer for a term of approximately ten years.  The triple net lease calls for a monthly payments of $39,583 with annual increments of 2.5%.  Atlantic Express of L.A. Inc. will be responsible for all real property taxes and certain insurance costs under the lease.  The Company previously reported entry into the Agreement and Escrow and Instruction and entry into the lease in its Current Report on Form 8-K filed on April 21, 2005.

 

Item 2.03               Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of Registrant.

 

On July 6, 2005, Atlantic Express of L.A. Inc., a subsidiary of the Company, consummated its lease arrangement in connection with the sale and leaseback transaction as described in Item 2.01 hereof, which is incorporated by reference into this Item 2.03.

 

Item 9.01.              Financial Statements and Exhibits.

 

(c) Exhibits:

 

10.1

 

Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate, dated April 12, 2005, for the real property located in Los Angeles, California (filed as Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on April 21, 2005, and incorporated herein by this reference).

 

 

 

10.2

 

Standard Industrial/Commercial Single – Tenant Lease, dated April 12, 2005, for the real property located in Los Angeles, California (filed as Exhibit 10.4 to the Company’s Current Report on Form 8-K filed on April 21, 2005, and incorporated herein by this reference).

 

2


 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: July 11, 2005

 

 

 

 

ATLANTIC EXPRESS TRANSPORTATION CORP.

 

 

 

 

 

 

/s/ Neil J. Abitabilo

 

 

 

Name:

 Neil J. Abitabilo

 

 

Title:

 Chief Financial Officer

 

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