News Column

TRAVELCENTERS OF AMERICA LLC FILES (8-K) Disclosing Other Events

April 30, 2014



Item 8.01. Other Events.

On April 30, 2014, TravelCenters of America LLC (the "Company") received a waiver from its lenders under its $200 million credit facility extending until May 31, 2014 and June 30, 2014, respectively, the Company's requirement to furnish to the lenders the Company's financial statements as of and for the year ended December 31, 2013 and as of and for the fiscal quarter ended March 31, 2014. The Company is working towards filing its Annual Report on Form 10-K for the year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 as soon as possible.

Warning Concerning Forward Looking Statements

THIS CURRENT REPORT ON FORM 8-K INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON THE COMPANY'S PRESENT INTENT, BELIEFS, EXPECTATIONS, AND INFORMATION, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY THESE FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE:

THIS FORM 8-K STATES THAT THE COMPANY'S LENDERS HAVE WAIVED, UNTIL MAY 31, 2014 AND JUNE 30, 2014, RESPECTIVELY, THE COMPANY'S REQUIREMENT UNDER ITS CREDIT FACILITY TO FURNISH FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2013 AND AS OF AND FOR THE FISCAL QUARTER ENDED MARCH 31, 2014. THIS MAY IMPLY THAT THE COMPANY WILL FILE ITS ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2013 WITH THE SECURITIES AND EXCHANGE COMMISSION, OR THE SEC, ON OR BEFORE MAY 31, 2014, THAT THE COMPANY WILL FILE ITS QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2014 WITH THE SEC ON OR BEFORE JUNE 30, 2014 AND THAT THE COMPANY WILL REGAIN COMPLIANCE WITH NEW YORK STOCK EXCHANGE LISTING STANDARDS ON OR BEFORE JUNE 30, 2014, OR THAT EXTENDED OR ADDITIONAL WAIVERS WILL BE OBTAINED IF NECESSARY. HOWEVER, THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL BE ABLE TO FILE THE FORM 10-K OR THE FORM 10-Q OR OTHERWISE COMPLETE AND DELIVER ITS FINANCIAL STATEMENTS BY THOSE DATES OR THAT EXTENDED OR ADDITIONAL WAIVERS WILL BE OBTAINED. THESE OUTCOMES COULD OCCUR FOR REASONS WHICH MAY BE UNKNOWN TO THE COMPANY AT THIS TIME AND MAY BE BEYOND THE COMPANY'S CONTROL. ALSO, FAILURE TO COMPLETE AND DELIVER FINANCIAL STATEMENTS OR FILE THE FORM 10-K OR THE FORM 10-Q WITHIN DIFFERENT SPECIFIED PERIODS COULD GIVE RISE TO DEFAULTS UNDER THE COMPANY'S INDENTURE GOVERNING ITS 8.25% NOTES OR OTHER OBLIGATIONS.

FOR THESE REASONS, AMONG OTHERS, INVESTORS IN THE COMPANY'S SECURITIES SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS FORM 8-K.

EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW, THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE FORWARD LOOKING STATEMENTS IN THIS FORM 8-K AS A RESULT OF CHANGED CIRCUMSTANCES, NEW INFORMATION WHICH MAY COME TO THE COMPANY'S ATTENTION OR OTHERWISE.

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Source: Edgar Glimpses