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| VTNC > SEC Filings for VTNC > Form 8-K on 2-Jan-2013 | All Recent SEC Filings |
2-Jan-2013
Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial S
(1) On December 28, 2012, the Company and certain of its subsidiaries entered into a real estate term agreement with a real estate mortgage lender.
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 $17 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.
· The real estate term agreement is secured by a first mortgage on 18 transportation facilities located throughout the United States.
· The interest rate is fixed at 4.875% with an interest rate adjustment period of five years.
On December 28, 2012 the Registrant issued the attached news release entitled "Vitran Obtains Credit Facility Secured by U.S. Real Estate" announcing that it has entered into the credit real estate term agreement described in Item 1.01 of this Report. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in Item
7.01 of this Report, including the exhibits attached hereto which are
incorporated herein by reference, shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), nor shall such information be deemed incorporated by reference in any
filing under the Securities Act or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
(d) Exhibits.
The following exhibits are attached to this Current Report on Form 8-K:
Exhibit No. Description
99.1 News Release dated December 28, 2012. (1)
(1) Filed as an exhibit hereto
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