SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
J.B. HUNT TRANSPORT SERVICES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Arkansas |
|
0-11757 |
|
71-0335111 |
|
(STATE OR OTHER JURISDICTION OF |
|
Commission File Number |
|
(IRS EMPLOYER |
|
INCORPORATION OR ORGANIZATION |
|
|
|
IDENTIFICATION NO.) |
|
615 J.B. Hunt Corporate Drive |
|
|
|
|
|
Lowell, Arkansas |
|
72745 |
|
(479) 820-0000 |
|
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) |
|
(ZIP CODE) |
|
(Registrant’s telephone number) |
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
On May 19, 2006, we executed a new, $200 million short term revolving credit facility (the Credit Facility) with LaSalle Bank National Association. Proceeds from this Credit Facility may be used to repurchase shares of our stock, for capital expenditures, working capital or other general corporate purchases. This Credit Facility expires on August 17, 2006 and any outstanding borrowings under this Credit Facility will be repaid with proceeds from longer-term financing. The applicable interest rate under this agreement is the same as our existing revolving line of credit and is based on either the prime rate or LIBOR, depending upon the specific type of borrowing, plus a margin based on the level of borrowings and our credit rating. We anticipate executing a new, long-term financing arrangement prior to August 17, 2006.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
10.1 Bridge Loan Agreement
10.2 Revolving Note
10.3 Continuing Unconditional Guaranty
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, in the city of Lowell, Arkansas, on the 19th day of May 2006.
|
|
J.B. HUNT TRANSPORT SERVICES, INC. |
||
|
|
|
|
|
|
|
|
|
|
|
|
BY: |
/s/ Kirk Thompson |
|
|
|
|
Kirk Thompson |
|
|
|
|
President and Chief Executive Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
BY: |
/s/ Jerry W. Walton |
|
|
|
|
Jerry W. Walton |
|
|
|
|
Executive Vice President, Finance and |
|
|
|
|
Administration, |
|
|
|
|
Chief Financial Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
BY: |
/s/ Donald G. Cope |
|
|
|
|
Donald G. Cope |
|
|
|
|
Senior Vice President, Controller, |
|
|
|
|
Chief Accounting Officer |
|
2