0001193125-13-097797.txt : 20130308 0001193125-13-097797.hdr.sgml : 20130308 20130308115432 ACCESSION NUMBER: 0001193125-13-097797 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130307 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20130308 DATE AS OF CHANGE: 20130308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SWIFT TRANSPORTATION Co CENTRAL INDEX KEY: 0001492691 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 205589597 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35007 FILM NUMBER: 13676020 BUSINESS ADDRESS: STREET 1: 2200 SOUTH 75TH AVENUE CITY: PHOENIX STATE: AZ ZIP: 85043 BUSINESS PHONE: 602-269-9700 MAIL ADDRESS: STREET 1: 2200 SOUTH 75TH AVENUE CITY: PHOENIX STATE: AZ ZIP: 85043 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT TRANSPORTATION CO DATE OF NAME CHANGE: 20101209 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT TRANSPORTATION Co DATE OF NAME CHANGE: 20101129 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT HOLDINGS CORP. DATE OF NAME CHANGE: 20100524 8-K 1 d498896d8k.htm FORM 8-K FORM 8-K

 

 

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): March 7, 2013

 

 

Swift Transportation Company

(Exact name of Registrant as specified in charter)

 

 

 

Delaware   001-35007   20-5589597

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification Number)

2200 South 75th Avenue, Phoenix, Arizona   85043
(Address of principal executive offices)   (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:

 

¨ 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 1.01 Entry into a Material Definitive Agreement.

On March 7, 2013, we entered into a Second Amended and Restated Credit Agreement (the “Agreement”) replacing our previous Amended and Restated Credit Agreement dated March 6, 2012 (the “Credit Agreement”). The Agreement replaces our previous first lien term loan B-1 and B-2 tranches with outstanding principal balances of $152.0 million and $508.0 million, respectively, and increases the total outstanding principal balance of the first lien term loan B-1 tranche by $98.0 million to $250.0 million while reducing the balance of the first lien term loan B-2 tranche by the same amount to $410.0 million. In addition, the Agreement reduces the interest rate applicable to the first lien term loan B-1 tranche to the LIBOR rate plus 2.75% with no LIBOR floor, down from LIBOR plus 3.75% with no LIBOR floor, and reduces the interest rate applicable to the first lien term loan B-2 tranche to the LIBOR rate plus 3.00% with a 1.00% LIBOR floor, down from LIBOR plus 3.75% with a 1.25% LIBOR floor.

In addition to the pricing changes described above, the Agreement increased the availability pursuant to the accordion feature from $250 million to $350 million, subject to the satisfaction of certain conditions and the participation of lenders. The covenants, maturity dates, and amortization schedules prior to maturity are unaffected by this Agreement.

The foregoing description of the Second Amended and Restated Credit Agreement and the Credit Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the Second Amended and Restated Credit Agreement, which will be filed as an exhibit to our next Quarterly Report on Form 10-Q and is incorporated herein by reference and the Credit Agreement, which is filed as Exhibit 10.1 to our Quarterly Report on Form 10-Q filed on May 8, 2012 and is incorporated herein by reference.

 

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: March 8, 2013