<SEC-DOCUMENT>0001157523-11-003939.txt : 20110707
<SEC-HEADER>0001157523-11-003939.hdr.sgml : 20110707
<ACCEPTANCE-DATETIME>20110707172819
ACCESSION NUMBER:		0001157523-11-003939
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110630
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20110707
DATE AS OF CHANGE:		20110707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WORLD FUEL SERVICES CORP
		CENTRAL INDEX KEY:			0000789460
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
		IRS NUMBER:				592459427
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09533
		FILM NUMBER:		11957141

	BUSINESS ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		STREET 2:		SUITE 400
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178
		BUSINESS PHONE:		305-428-8001

	MAIL ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		STREET 2:		SUITE 400
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL RECOVERY CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6785203.htm
<DESCRIPTION>WORLD FUEL SERVICES CORP. 8-K
<TEXT>
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      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><font style="font-size: 18pt"><br style="font-size: 18pt"></font><font style="font-family: Times New Roman; font-size: 18pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      DC 20549</b></font><br>
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      <br>
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font><br>
    </p>
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    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>CURRENT
      REPORT</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(D) OF</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of report (Date of earliest event reported): &#160;June 30, 2011</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 20pt"><b>WORLD
      FUEL SERVICES CORPORATION</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      name of registrant as specified in its charter)</b></font><br><br>
    </p>
    <div style="text-align:center">
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        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Florida</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 34%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-9533</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 33%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>59-2459427</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or other jurisdiction of</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>incorporation)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission File Number)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto">
      <tr>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>9800 N.W. 41<sup>st</sup> Street, Suite 400</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Miami, Florida</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 50%; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>33178</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of principal executive offices)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 50%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt"><b>Registrant&#8217;s telephone number,
      including area code: (305) 428-8000</b></font><br>
    </p>
    <hr style="width: 20%; height: 1.0 pt; text-align: center; color: #000000">


    <p style="text-align: center">

    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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:</font>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br>
    </p>
    <hr style="width: 100%; height: 2.0 pt; text-align: center; color: #000000">
    <hr style="width: 100%; height: 1.0 pt; text-align: center; color: #000000">


    <p>

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        <div style="text-align: right">

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    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 1.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Entry into a Material Definitive Agreement.</b>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      On June&#160;30, 2011, World Fuel Services Corporation (&quot;World Fuel&quot;) entered
      into the First Amendment (the &quot;Amendment&quot;) to its existing receivables
      purchase agreement dated as of March&#160;31, 2011 (the &quot;Original Agreement&quot;,
      as amended by the Amendment, the &quot;Agreement&quot;) among World Fuel Services,
      Inc., World Fuel Services Europe, Ltd., and World Fuel Services
      (Singapore) Pte Ltd, each a subsidiary of World Fuel, as sellers, World
      Fuel and Wells Fargo Bank, National Association (&quot;Wells&quot;).&#160;&#160;
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      The Original Agreement allowed the sellers to offer for sale up to $50.0
      million of certain of their accounts receivable.&#160;&#160;The Amendment
      increased the size of this receivables program from $50.0 million to up
      to $100.0 million and added World Fuel Services Trading DMCC, a
      subsidiary of World Fuel, as an additional seller under the Agreement.
      Wells may in its sole discretion decline offers to purchase receivables
      from the sellers.
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      Under the Agreement, the sale price for the accounts receivable will be
      at an amount equal to 90% (and for certain receivables 100%) of the sold
      accounts receivable balance less a discount margin equivalent to a
      floating market rate plus 2% and certain other fees, as applicable.
      Under the Agreement, the sellers retain a 10% beneficial interest in
      certain of the sold accounts receivable.
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      The sellers have been appointed by Wells as its servicer to service and
      administer the sold accounts receivable.
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      The Agreement terminates upon the earliest of (i) April 1, 2012, unless
      the term is extended for subsequent one-year terms at the option of the
      sellers, (ii) the occurrence of a termination event, and (iii) 60 days'
      prior written notice of termination given by the sellers or Wells. The
      Agreement contains customary termination events, including, among other
      things, the failure to make timely payments or deposits under the
      Agreement or the breach of covenants, representations or warranties
      under the Agreement.&#160;&#160;The sellers may also be required to repurchase
      sold accounts receivable if certain customary repurchase events occur.
      The obligations of the sellers under the Agreement are guaranteed by
      World Fuel.
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      Wells and its affiliates have, from time to time, performed, and may in
      the future perform, various financial advisory, commercial banking and
      investment banking services for World Fuel, for which they received or
      will receive customary fees, expenses and indemnities.
    </p>
    <p style="white-space: nowrap">
      <b>Item 2.03.&#160;&#160;&#160;&#160;&#160;Creation of a Direct Financial Obligation or an
      Obligation under an Off-Balance Sheet Arrangement of a Registrant.</b>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      The information set forth above in Item&#160;1.01 of this Form&#160;8-K is
      incorporated herein by reference.
    </p>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt">
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        <div style="text-align: left">

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          2
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    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font><br>
    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font><br><br>
    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 35%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            July 7, 2011
          </p>
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>World Fuel Services Corporation</b>
          </p>
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        </td>
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          &#160;
        </td>
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        <td style="width: 35%">

        </td>
        <td style="width: 50%">

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          &#160;
        </td>
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        </td>
        <td style="width: 35%">

        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; width: 50%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Ira M. Birns
          </p>
        </td>
        <td style="width: 10%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 35%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 50%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Ira M. Birns
          </p>
        </td>
        <td style="width: 10%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Vice President and Chief Financial Officer
          </p>
        </td>
        <td style="width: 10%">

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    <p style="text-align: center">

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    <p style="text-align: center">
      3
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