UNITED STATES
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): February 21, 2012
| Swift Transportation Company |
(Exact name of registrant as specified in its charter)
| Delaware | 001-35007 | 20-5589597 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 2200 South 75th Avenue, Phoenix, Arizona 85043 |
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (602) 269-9700
| N/A |
(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):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On February 21, 2012, Swift Transportation Company issued a press release announcing its intent to reprice and extend the maturities of its existing senior secured credit facilities. A copy of the news release, including information concerning forward-looking statements and factors that may affect our future results, is attached to this Current Report as Exhibit 99 and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K (including the exhibit) is being furnished and shall not be deemed “filed” or purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description | |
| Exhibit 99 | News release dated February 21, 2012, issued by Swift Transportation Company | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SWIFT TRANSPORTATION COMPANY | ||||||
| By: | /s/ VIRGINIA HENKELS | |||||
| Name: VIRGINIA HENKELS | ||||||
| Title: Executive Vice President and Chief Financial Officer | ||||||
Dated: February 21, 2012
INDEX TO EXHIBITS
| Exhibit Number |
Description | |
| Exhibit 99 | News release dated February 21, 2012, issued by Swift Transportation Company | |
EXHIBIT 99
SWIFT TRANSPORTATION COMPANY ANNOUNCES INTENTION TO REPRICE
AND EXTEND MATURITIES OF ITS SENIOR SECURED CREDIT FACILITIES
Swift Transportation Company (NYSE:SWFT) ("Swift" or “the Company”), a leader in transportation solutions and the nation’s largest truckload transportation provider, announced today that it has launched a transaction to reprice and extend the maturities of its existing senior secured credit facilities. “Since our IPO in December 2010, we have reduced our net debt by over $200 million, were recently upgraded by Standard and Poors, and achieved record annual adjusted EBITDA in 2011. The anticipated improvements to our credit facilities are further evidence of management’s commitment to maintain a strong balance sheet,” stated Jerry Moyes, Chief Executive Officer of the Company.
There can be no assurance that the Company will be able to effect the foregoing credit facility changes and the final terms may differ from current expectations.
BofA Merrill Lynch, Morgan Stanley, and Wells Fargo Securities, LLC will serve as Lead Arrangers on the transaction.
This press release contains forward-looking statements. The forward-looking statements contained herein include statements about our intention to reprice and extend the maturities of our senior secured credit facilities. These statements are subject to the general inherent risks in our business and in the credit markets and reflect our current expectations regarding these matters. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Swift’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of Swift, which could result in Swift’s expectations not being realized or otherwise materially affect Swift’s financial condition, results of operations and cash flows. Additional information relating to the uncertainties affecting Swift’s business is contained in its filings with the Securities and Exchange Commission. The forward-looking statements are only made as of the date made, and Swift does not undertake any obligation to and expressly disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.
Contact Info:
Ginnie Henkels, Chief Financial Officer
Jason Bates, Vice President of Finance & IR Officer
Office: 602-269-9700