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):

July 26, 2007

 

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 Incorporation or Organization)

 

Commission File Number

 

(IRS Employer
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

On July 26, 2007, we sold $200 million of 6.08% Senior Notes (Notes), which are due July 26, 2014, to various purchasers through a private placement offering pursuant to our Master Note Purchase Agreement dated July 15, 2007.  The Agreement describes the terms and conditions of the Notes, which include requirements to maintain certain covenants and financial ratios.  Proceeds from the Notes will be utilized to purchase shares of our common stock, pay down existing debt on our revolving credit facilities and finance capital expenditures for revenue equipment.  The Notes were issued at par value.  Principal payments in the amount of $50 million are due July 26, 2012 and July 26, 2013, with the remainder due upon maturity.  Interest payments are due semi-annually, with the first payment due January 26, 2008.

ITEM 9.01.        FINANCIAL STATEMENTS AND EXHIBITS

(d)     Exhibits.

10.1   Master Note Purchase Agreement

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 30th day of July 2007.

 

 

 

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

 

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