0001171843-13-000827.txt : 20130301 0001171843-13-000827.hdr.sgml : 20130301 20130301112548 ACCESSION NUMBER: 0001171843-13-000827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130226 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20130301 DATE AS OF CHANGE: 20130301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VITRAN CORP INC CENTRAL INDEX KEY: 0000946823 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32449 FILM NUMBER: 13655502 BUSINESS ADDRESS: STREET 1: 185 THE WEST MALL STREET 2: SUITE 701 CITY: TORONTO STATE: A6 ZIP: M9C 5L5 BUSINESS PHONE: 416-596-7664 MAIL ADDRESS: STREET 1: 185 THE WEST MALL STREET 2: SUITE 701 CITY: TORONTO STATE: A6 ZIP: M9C 5L5 8-K 1 f8k_030113.htm FORM 8-K f8k_030113.htm
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 26, 2013
 
Vitran Corporation Inc.
(Exact name of registrant as specified in its charter)

         
ONTARIO, CANADA
  
001-32449
  
98-0358363
(State or other jurisdiction of
incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
         
185 The West Mall, Suite 701, Toronto, Ontario, Canada
      
M9C 5L5
(Address of principal executive offices)
      
(Zip code)
 
(Registrant’s telephone number, including area code)
416-596-7664

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:
 
[  ]  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

(1)  
On February 26, 2013, the Company and certain of its subsidiaries entered into an additional $6 million real estate term agreement with a real estate mortgage lender.  This is in addition to the $17 million real estate term agreement entered into on December 28, 2012, and described on Form 8-K under Item 1.01 filed on January 2, 2013 and the $7 million real estate term loan agreement entered into on January 22, 2012, and described on Form 8-K under Item 1.01 filed on January 23, 2013.

The following is a summary of the material terms of the real estate term agreement:

·  
The real estate term agreement is for a total of $6 million as a first freehold mortgage on the land and buildings.  The tenure of the agreement is 15 years and the amortization period is 15 years.  Including the previous real estate term agreements entered into on December 28, 2012 and January 22, 2013, the total funding to date is $30 million.

·  
The real estate term agreement is secured by a first mortgage on an additional 4 transportation facilities located throughout the United States, bringing the total facilities secured to 27.

·  
The interest rate is fixed at 4.625% to 4.875% with an interest rate adjustment period of every three to five years.

 

 
 
 
 
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, thereunto duly authorized.
 
     
 
VITRAN CORPORATION INC.
     
 
By:
/s/ Fayaz D. Suleman
 
Name: Fayaz D. Suleman
Date:  March 1, 2013
Title: Vice President Finance and Chief Financial Officer