SECURITIES AND EXCHANGE COMMISSION
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) July 8, 2004
LANDSTAR SYSTEM, INC.
| Delaware | 021238 | 06-1313069 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 13410 Sutton Park Drive South, Jacksonville, Florida | 32224 | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant’s telephone number, including area code | (904) 398-9400 |
Not Applicable
Item 5. Other Events.
On July 8, 2004, Landstar System, Inc. (the “Company”) entered into a new senior credit facility. The senior credit facility is in the form of a revolving credit agreement, in the amount of $225 million and expires in July 2009. The initial borrowing of $70,000,000 under the facility has been used to refinance the Company’s prior credit facility, which has been terminated. The initial borrowings under the new credit facility will bear interest at the rate of approximately 75.0 basis points over LIBOR.
The new credit facility is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Exhibits.
99.1
|
The Fourth Amended and Restated Credit Agreement, dated July 8, 2004, among Landstar System Holdings, Inc., the Company, the lenders named therein and JPMorgan Chase Bank as administrative agent (including exhibits and schedules thereto). |
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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.
| LANDSTAR SYSTEM, INC. |
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| Date: July 9, 2004 | /s/ Robert C. LaRose | |||
| Robert C. LaRose | ||||
| Vice President, Chief Financial Officer and Secretary | ||||
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