8-K 1 body8-k20090629.txt FORM 8-K United States SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report: June 29, 2009 PROVIDENCE AND WORCESTER RAILROAD COMPANY -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter Rhode Island 0-16704 05-0344399 -------------------------------------------------------------------------------- (State of incorporation (Commission (IRS Employer Iden- or organization) File Number) tification No.) 75 Hammond Street, Worcester, Massachusetts 01610 -------------------------------------------------------------------------------- (address of principal executive offices) (Zip Code) Registrant's telephone number: 508-755-4000 -------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an ---------------------------------------------------------------------- Off-Balance Sheet Arrangement of a Registrant --------------------------------------------- On June 25, 2009, Providence and Worcester Railroad Company consummated with Commerce Bank & Trust Company a $5 Million unsecured line of credit facility (the "Loan Facility") pursuant to a Promissory Note and a Business Loan Agreement. The Loan Facility matures on June 25, 2011. No amounts are outstanding under the Loan Facility as of this date. The Loan Facility replaces another credit facility in the same amount which matured on May 31, 2009. Signature Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized. Providence and Worcester Railroad Company By: /s/ Marie A. Angelini --------------------- Marie A. Angelini, Secretary and General Counsel Date: June 29, 2009 2