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): October 23, 2015
| ENVIROSTAR, INC. |
| (Exact name of registrant as specified in its charter) |
| Delaware | 001-14757 | 11-2014231 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
| 290 N.E. 68 Street, Miami, Florida | 33138 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (305) 754-4551
| 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):
[ ] 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 October 23, 2015, EnviroStar, Inc. (the “Company”) received an Extension Notice (the "Extension Notice") from Wells Fargo Bank, National Association ("Wells Fargo"), under that certain Credit Agreement, dated as of November 16, 2011, as amended (the "Credit Agreement"), between the Company and Wells Fargo. Pursuant to the Extension Notice, the maturity date for advances under the Credit Agreement has been extended from November 1, 2015 to November 1, 2016. A copy of the Extension Notice is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits.
Exhibit 10.1 Extension Notice received on October 23, 2015
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.
| ENVIROSTAR, INC, | ||
| Date: October 28, 2015 | ||
| By: | /s/ Venerando J. Indelicato | |
| Venerando J. Indelicato, | ||
| Chief Financial Officer and Treasurer | ||
EXHIBIT INDEX
| Exhibit No. | Description |
| 10.1 | Extension Notice received on October 23, 2015 |
[WELLS FARGO LETTERHEAD]
EXTENSION NOTICE
November 1, 2015
Wells Fargo Bank, National Association
Wholesale Loan Services
7711 Plantation Road R4057-01 R
Roanoke, Virginia 24019
ENVIROSTAR, INC.
290 Northeast 68th Street
Miami, Florida 33138
RE: Notice of Extension of Revolving Line of Credit
Dear BORROWER:
WELLS FARGO BANK, NATIONAL ASSOCIATION is pleased to inform you that your line of credit/loan in the amount of $2,250,000.00 (the "Credit"), has been approved for extension. The new final payment date will be November 1, 2016. Subject to applicable terms of the existing loan documentation, advances under the line of credit will be available until November 1, 2016.
Your credit remains subject to all terms and conditions of existing loan documentation, as modified by this Extension Notice. Payments as set forth in the loan documents will continue to be due during the extension period. Except as expressly provided in this Notice, all terms and conditions of the Credit will remain unchanged.
If you do not desire the extension of the Credit on these terms, you must (i) deliver to Wells Fargo Bank, National Association at MAC Z6204-018, 200 South Biscayne Boulevard, Floor 01, Miami, Florida 33131 a written rejection of the extension within 10 days from the date of this letter, (ii) not draw additional Funds under the Credit, and (iii) promptly make arrangements with your loan officer to pay the matured balance of the Credit.
If you have any questions, please do not hesitate to call Matthew Rapoport at 305-789-5005. We appreciate your business and look forward to continuing to serve as your business bank.