General Finance Corporation (GFN) announced that Wells Fargo Bank, National Association, East West Bank (East West), CIT Bank, N.A., CIBC Bank USA, Key Bank, National Association, Bank Hapoalim, B.M., Associated Bank, entered into Amendment No. 8 to the Amended and Restated Credit Agreement dated April 7, 2014 with GFN subsidiaries Pac-Van, Inc. (Pac-Van), Lone Star Tank Rental Inc. (Lone Star), GFN Realty Company, LLC  and Southern Frac, LLC.
 
The Amendment amended the terms and conditions of the Credit Agreement relating to the senior credit facility of the Borrowers. The Amendment amended certain terms of the Credit Agreement, including, without limitation, adjusting the maximum commitments of the Lenders under the Credit Agreement, increasing the maximum amount that may be borrowed by the Borrowers under the Credit Agreement from $237,000,000 to $260,000,000, adding an accordion feature that may be exercised by Borrowers, subject to the terms in the Credit Agreement, to increase the maximum amount that may be borrowed under the Credit Agreement by an additional $25,000,000 and deleting certain terms of the Credit Agreement that related to the $19.5 million “First-In, Last-Out” Loan which bore interest at LIBOR plus a margin of 11% per annum (the “FILO Loan”) following the prepayment in full of the FILO Loan in connection with the execution and delivery of the Amendment.

General Finance Corporation, a Delaware corporation,  is the parent company of businesses in the mobile storage, modular space and liquid containment industries. Subsidiaries include GFN U.S. Australasia Holdings, Inc., a Delaware corporation (GFN U.S.); GFN Insurance Corporation, an Arizona corporation (“GFNI”); GFN North America Leasing Corporation, a Delaware corporation (GFNNA Leasing); GFN North America Corp., a Delaware corporation (GFNNA); GFN Realty Company, LLC, a Delaware limited liability company (“GFNRC”); GFN Manufacturing Corporation, a Delaware corporation “GFNMC), and its subsidiary, Southern Frac, LLC, a Texas limited liability company (collectively “Southern Frac”); Pac-Van, Inc., an Indiana corporation, and its Canadian subsidiary, PV Acquisition Corp., an Alberta corporation (collectively “Pac-Van”); and Lone Star Tank Rental Inc., a Delaware corporation (Lone Star); GFN Asia Pacific Holdings Pty Ltd, an Australian corporation (GFNAPH), and its subsidiary, Royal Wolf Holdings Pty Limited, an Australian corporation (RWH), and its Australian and New Zealand subsidiaries (collectively, Royal Wolf).