Fabrib
Forumer storico
PASADENA, Calif., Oct. 16, 2018 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ: GFN) (the “Company”) announced today that it is soliciting consents from holders of its 8.125% Senior Notes due 2021 (the “Notes”) to approve certain amendments (the “Proposed Amendments”) to the indenture governing the Notes.
The Proposed Amendments would permit the Company and its restricted subsidiaries to incur additional indebtedness from time to time, including pursuant to the Company’s existing credit agreement and existing master capital lease agreement, or such new capital lease obligations as the Company and its restricted subsidiaries may enter into from time to time.
The consent solicitation is being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated October 16, 2018 (as may be amended or supplemented from time to time, the “Consent Solicitation Statement”). The Company, in its sole discretion, may terminate, extend or amend the consent solicitation at any time as described in the Consent Solicitation Statement.
The consent solicitation will expire at 5:00 p.m., New York City time, on October 31, 2018 (“Expiration Time”), unless extended. Only holders of record of the Notes as of 5:00 p.m., New York City time, on October 15, 2018 (the “Record Date”), are eligible to deliver consents to the Proposed Amendments in the consent solicitation. The consent of the holders of at least a majority in principal amount of Notes outstanding as of the Record Date is required to approve the Proposed Amendments.
Upon the terms and subject to the conditions described in the Consent Solicitation Statement, if the Requisite Consents are received and the other conditions to the consent solicitation are satisfied or waived, the Company will execute a supplemental indenture to the indenture governing the Notes to give effect to the Proposed Amendments and, as promptly as practicable after the Expiration Time, the Company will make a cash payment of $0.10 per $25.00 in principal amount of Notes held by each holder of the Notes as of the Record Date who has validly delivered and not validly revoked a consent at or prior to the Expiration Time. Once the supplemental indenture is effective, holders of Notes may not revoke consents.
The Proposed Amendments would permit the Company and its restricted subsidiaries to incur additional indebtedness from time to time, including pursuant to the Company’s existing credit agreement and existing master capital lease agreement, or such new capital lease obligations as the Company and its restricted subsidiaries may enter into from time to time.
The consent solicitation is being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated October 16, 2018 (as may be amended or supplemented from time to time, the “Consent Solicitation Statement”). The Company, in its sole discretion, may terminate, extend or amend the consent solicitation at any time as described in the Consent Solicitation Statement.
The consent solicitation will expire at 5:00 p.m., New York City time, on October 31, 2018 (“Expiration Time”), unless extended. Only holders of record of the Notes as of 5:00 p.m., New York City time, on October 15, 2018 (the “Record Date”), are eligible to deliver consents to the Proposed Amendments in the consent solicitation. The consent of the holders of at least a majority in principal amount of Notes outstanding as of the Record Date is required to approve the Proposed Amendments.
Upon the terms and subject to the conditions described in the Consent Solicitation Statement, if the Requisite Consents are received and the other conditions to the consent solicitation are satisfied or waived, the Company will execute a supplemental indenture to the indenture governing the Notes to give effect to the Proposed Amendments and, as promptly as practicable after the Expiration Time, the Company will make a cash payment of $0.10 per $25.00 in principal amount of Notes held by each holder of the Notes as of the Record Date who has validly delivered and not validly revoked a consent at or prior to the Expiration Time. Once the supplemental indenture is effective, holders of Notes may not revoke consents.