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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
Date of Report (Date of earliest event reported) December 20, 2001
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LANDSTAR SYSTEM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 021238 06-1313069
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
13410 Sutton Park Drive South, Jacksonville, Florida 32224
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 398-9400
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Not Applicable
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(Former name or former address, if changed since last report).
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ITEM 5. OTHER EVENTS.
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On December 20, 2001, Landstar System, Inc. (the "Company") entered in
to a new senior credit facility. The senior credit facility is in the form of a
revolving credit agreement, in the amount of $175 million and expires in
January 2005. The initial borrowing under the facility has been used to
refinance the Company's prior credit facility, which has been terminated. The
initial borrowing rate under the new credit facility will bear interest at the
rate of approximately 87.5 basis points over LIBOR.
The new credit facility is attached hereto as Exhibit 4.1 and is
incorporated herein by reference.
ITEM 7. EXHIBITS.
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4.1 The Third Amended and Restated Credit Agreement, dated
December 20, 2001, 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.
Date: December 20, 2001 /s/ Robert C. LaRose
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Robert C. LaRose
Vice President, Chief Financial
Officer and Secretary
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