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World Fuel Services 8-K 2015

Documents found in this filing:

  1. 8-K
  2. Ex-10.1
  3. Ex-10.1
int_Current folio_8K

 

 

 

 

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 (Date of earliest event reported):  January 30, 2015

 

 

WORLD FUEL SERVICES CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

Florida

1-9533

59-2459427

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

 

9800 N.W. 41st Street, Suite 400
Miami, Florida

 


33178

(Address of principal executive offices)

 

(Zip Code)

 

Registrant's telephone number, including area code: (305) 428-8000

 

 

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 January 30, 2015, World Fuel Services Corporation (the “Company”) entered into Amendment No. 1 to the Fourth Amended and Restated Credit Agreement and Joinder Agreement (the Amendment) by and among the Company and certain of its subsidiaries, as borrowers, Bank of America, N.A., as administrative agent, and the financial institutions named therein as lenders.  The Amendment amended certain terms and conditions of the Company’s Fourth Amended and Restated Credit Agreement, dated as of October 10, 2013, including to: (i) increase the size of the revolving credit facility to approximately $1.26 billion (which may be increased by up to an additional $150 million); (ii) add a new $100 million term loan facility,   thereby increasing the aggregate outstanding term loans to approximately $340 million; and (iii) modify certain financial and other covenants to provide greater operating flexibility.

The above description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Certain of the lenders party to the Amendment and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Company, for which they received or will receive customary fees and expenses.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. 

The information set forth above in Item 1.01 of this Form 8-K is incorporated herein by reference.

 

 

Item 9.01.Financial Statements and Exhibits.

 

(d)Exhibits

Exhibit Number


Description

10.1

Amendment No. 1 to the Fourth Amended and Restated Credit Agreement, and Joinder Agreement, dated as of January 30, 2015, among World Fuel Services Corporation, World Fuel Services Europe, Ltd. and World Fuel Services (Singapore) Pte Ltd, as borrowers, Bank of America, N.A., as administrative agent, and the financial institutions named therein as lenders.

 

 

2


 

 

SIGNATURE

 

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.

 

 

 

 

Date:  February 4, 2015

World Fuel Services Corporation

 

 

 

 

 

 

 

/s/ Ira M. Birns

 

Ira M. Birns,

 

Executive Vice President and

 

Chief Financial Officer

 

3


 

 

EXHIBIT INDEX

 

 

 

Exhibit Number


Description

10.1

Amendment No. 1 to the Fourth Amended and Restated Credit Agreement, and Joinder Agreement, dated as of January 30, 2015, among World Fuel Services Corporation, World Fuel Services Europe, Ltd. and World Fuel Services (Singapore) Pte Ltd, as borrowers, Bank of America, N.A., as administrative agent, and the financial institutions named therein as lenders.

 

 

 

 

4


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