AMENDMENT NO. 8
EXHIBIT 4.6(k)
AMENDMENT XX. 0
XXXXXXXXX XX. 0 dated as of June 3, 2005, among SMITHFIELD FOODS, INC., a corporation duly organized and validly existing under the laws of the State of Virginia (the “Borrower”); each of the Subsidiaries of the Borrower identified under the caption “SUBSIDIARY GUARANTORS” on the signature pages hereto (individually, a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors” and, together with the Borrower, the “Obligors”); each of the lenders identified under the caption “LENDERS” on the signature pages hereto (the “Lenders”); and JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent for the lenders party to the below-referenced Credit Agreement (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
The Borrower, the Subsidiary Guarantors, the lenders named therein and the Administrative Agent, are parties to a Multi-Year Credit Agreement dated as of December 6, 2001 (as heretofore modified and supplemented and in effect on the date hereof, the “Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit to be made by said lenders to the Borrower in an aggregate principal or face amount not exceeding $900,000,000.
Section 1. Definitions. Except as otherwise defined in this Amendment No. 8, terms defined in the Credit Agreement are used herein as defined therein.
Section 2. Amendments. Subject to the satisfaction of the conditions precedent specified in Section 4 below, the Credit Agreement shall be amended effective as of the date hereof as follows:
2.01. References in the Credit Agreement (including references to the Credit Agreement as amended hereby) to “this Agreement” (and indirect references such as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be references to the Credit Agreement as amended hereby.
2.02. Requests for Letters of Credit. Section 2.05(b) of the Credit Agreement shall be amended in its entirety to read as follows:
“(b) Requests for Letters of Credit. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Bank) to the relevant Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section 2.05), the Currency (which shall be Dollars or an Approved Foreign Currency) and
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amount of such Letter of Credit, the name and address of the beneficiary thereof, whether such Letter of Credit is to be made under the Dollar Sub-Commitments or the Multicurrency Sub-Commitments and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the relevant Issuing Bank, the Borrower also shall submit a letter of credit application on the such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Dollar LC Exposure shall not exceed $175,000,000 and the total Revolving Dollar Credit Exposures shall not exceed the Total Dollar Sub-Commitment, (ii) the Multicurrency LC Exposure shall not exceed $10,000,000 or the Foreign Currency Equivalent thereof and the total Revolving Multicurrency Credit Exposures shall not exceed the Total Multicurrency Sub-Commitment, (iii) the Secured Obligations Amount shall not exceed the Borrowing Base at any time before the Borrowing Base Release Date and (iv) the sum of the total Revolving Credit Exposures shall not exceed the Total Commitment.”
Section 3. Representations and Warranties. The Borrower represents and warrants to the Lenders that the representations and warranties set forth in Article III of the Credit Agreement are true and complete on the date hereof as if made on and as of the date hereof and as if each reference in said Article III to “this Agreement” included reference to this Amendment No. 8.
Section 4. Conditions Precedent. The amendments provided for in Section 2 shall become effective upon the execution and delivery of counterparts of this Amendment No. 8 by the Obligors and Lenders constituting the Required Lenders.
Section 5. Miscellaneous. Except as provided herein, the Credit Agreement shall remain unchanged and in full force and effect. This Amendment No. 8 may be executed in any number of counterparts, all of which taken together shall constitute one and the same amendatory instrument and any of the parties hereto may execute this Amendment No. 8 by signing any such counterpart. This Amendment No. 8 shall be governed by, and construed in accordance with, the law of the State of New York.
IN WITNESS WHEREOF, this Amendment No. 8 has been duly executed as of the date first written above.
SMITHFIELD FOODS, INC. | ||
By | /s/ Xxxxxx X. Xxxxxxx | |
Name: | Xxxxxx X. Xxxxxxx | |
Title: | Vice President |
Amendment Xx. 0
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XXXXXXXXXX XXXXXXXXXX
CODDLE ROASTED MEATS, INC. | XXXXX’X OF CAROLINA LLC | |||||
XXXXXXXX OF SMITHFIELD, LTD. | XXXXXXX’X FOODS LLC | |||||
XXXXXXX’X OLD FASHIONED | XXXXXXX’X FOODS OF | |||||
COUNTRY HAM, INC. | VIRGINIA LLC | |||||
IOWA QUALITY MEATS, LTD. | CENTRAL PLAINS FARMS LLC CIRCLE FOUR LLC | |||||
XXXX XXXXXXX & CO. | XXXXXX FARMS LLC | |||||
XXXXX MEAT GROUP, INC. | QUARTER M FARMS LLC, | |||||
XXXXX PACKING COMPANY | XXXXXX-XXXXX HOLDINGS LLC, | |||||
MURCO FOODS, INC. | each a Delaware limited liability company | |||||
NORTH SIDE FOODS CORP. | ||||||
PACKERLAND PROCESSING COMPANY, INC. | ||||||
SMITHFIELD PRODUCTION SYSTEMS, INC. |
By | MURPHYBROWN LLC, a Delaware limited liability company, | ||||
XXXXXXX XXXXXX INCORPORATED | as a sole member of each | |||||
PREMIUM PORK, INC. | ||||||
QUIK-TO-FIX FOODS, INC. | ||||||
XXXXXXX’X COUNTRY HAMS, INC. | By | XXXX XXXXXXX & CO., | ||||
SUN LAND BEEF COMPANY | a Delaware corporation, | |||||
SUNNYLAND, INC. | as its sole member | |||||
THE SMITHFIELD COMPANIES, INC. | ||||||
THE SMITHFIELD PACKING COMPANY, INCORPORATED |
/s/ Xxxxxx X. Xxxxxxx | |||||
STEFANO FOODS, INC. | Name: Xxxxxx X. Xxxxxxx | |||||
THE SMITHFIELD HAM AND PRODUCTS COMPANY, INCORPORATED |
Title: Vice President | |||||
DAKOTA ACQUISITION COMPANY XXXX XXXXXXX OF JAPAN, INC. |
||||||
XXXXXX FARMS OF TEXHOMA, INC. | ||||||
THE OHIO FEED LOT, INC. | ||||||
SHOWCASE FOODS, INC. KRAKUS FOODS INTERNATIONAL, INC. CATTLE PRODUCTION SYSTEMS, INC., for itself and as successor to Great Lakes Cattle Credit Company, LLC |
By | /s/ Xxxxxx X. Xxxxxxx | |
Name: | Xxxxxx X. Xxxxxxx | |
Title: | Vice President |
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XXXXXX-XXXXX LLC,
a Delaware limited liability company
By | XXXX XXXXXXX & CO., a Delaware corporation, as its sole member | |
/s/ Xxxxxx X. Xxxxxxx | ||
Name: Xxxxxx X. Xxxxxxx | ||
Title: Vice President |
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ADMINISTRATIVE AGENT
JPMORGAN CHASE BANK, N.A., | ||
as Administrative Agent | ||
By | /s/ Xxxx Xxxxxxxxx | |
Name: | Xxxx Xxxxxxxxx | |
Title: | Vice President |
Amendment Xx. 0
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XXXXXXX
XXXXXXXX CHASE BANK, N.A. | ||
By: | /s/ Xxxx Xxxxxxxxx | |
Name: | Xxxx Xxxxxxxxx | |
Title: | Vice President | |
COOPERATIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. “RABOBANK INTERNATIONAL”, NEW YORK BRANCH | ||
By: | /s/ Xxxxx X. Kenwood | |
Name: | Xxxxx X. Kenwood | |
Title: | Executive Director | |
By: | /s/ Xxxxxxx X. Xxxxxx | |
Name: | Xxxxxxx X. Xxxxxx | |
Title: | Executive Director | |
ABN AMRO BANK, N.V. | ||
By: | /s/ Xxxxxxxxx X. Xxxxxx | |
Name: | Xxxxxxxxx X. Xxxxxx | |
Title: | Managing Director | |
By: | /s/ Xxxxx Xxxxxxx | |
Name: | Xxxxx Xxxxxxx | |
Title: | AVP | |
GENERAL ELECTRIC CAPITAL CORPORATION | ||
By: | /s/ C. Xxxx Xxxxx | |
Name: | C. Xxxx Xxxxx | |
Title: | Duly Authorized Signatory | |
ING CAPITAL LLC | ||
By: | /s/ Xxxxxx X. Xxxxxxxxx | |
Name: | Xxxxxx X. Xxxxxxxxx | |
Title: | Managing Director |
Amendment Xx. 0
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XXXXXXXX XXXX | ||
By: | /s/ Xxxx X. Xxxxx | |
Name: | Xxxx X. Xxxxx | |
Title: | Vice President | |
GREENSTONE FARM CREDIT SERVICES, ACA/FLCA | ||
By: | /s/ Xxx Xxxxxxx | |
Name: | Xxx Xxxxxxx | |
Title: | AVP/Lending Officer | |
NORTHWEST FARM CREDIT SERVICES, PCA | ||
By: | /s/ Xxx Xxxxx | |
Name: | Xxx Xxxxx | |
Title: | Senior Vice President | |
BNP PARIBAS | ||
By: | /s/ Xxx Xxxxxxx | |
Name: | Xxx Xxxxxxx | |
Title: | Director | |
By: | /s/ Xxxx Xxxxxxxx | |
Name: | Xxxx Xxxxxxxx | |
Title: | Vice President | |
FARM CREDIT SERVICES OF MINNESOTA VALLEY, PCA d/b/a FCS COMMERCIAL FINANCE GROUP | ||
By: | /s/ Xxxx Xxxxxxx | |
Name: | Xxxx Xxxxxxx | |
Title: | Commercial Loan Officer | |
CAPE FEAR FARM CREDIT, ACA | ||
By: | /s/ Xxxxx X. Xxxx | |
Name: | Xxxxx X. Xxxx | |
Title: | Vice President |
Amendment Xx. 0
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XXXX XXXXXX XXXXXXXX XX XXXXXXX | ||
By: | /s/ Xxxx X. Bang | |
Name: | Xxxx X. Bang | |
Title: | Vice President | |
WACHOVIA BANK, NATIONAL ASSOCIATION | ||
By: | /s/ Xxxx Xxx | |
Name: | Xxxx Xxx | |
Title: | AVP | |
FARM CREDIT SERVICES OF MID- AMERICA, PCA | ||
By: | /s/ Xxxxxx X. Xxxxxxxx | |
Name: | Xxxxxx X. Xxxxxxxx | |
Title: | Vice President | |
XXXXXX X.X. | ||
By: | /s/ Xxxx X. Xxxxxx | |
Name: | Xxxx X. Xxxxxx | |
Title: | Vice President | |
SUMITOMO MITSUI BANKING CORPORATION | ||
By: | /s/ Xxxxx X. Xxxx | |
Name: | Xxxxx X. Xxxx | |
Title: | Senior Vice President | |
U.S. AGBANK, FCB | ||
By: | /s/ Xxxxxx X. Xxxx | |
Name: | Xxxxxx X. Xxxx | |
Title: | Vice President | |
BANK OF AMERICA, N.A. | ||
By: | /s/ Xxxxxxx X. Xxxxxxx | |
Name: | Xxxxxxx X. Xxxxxxx | |
Title: | Senior Vice President |
Amendment No. 8
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U.S. BANK NATIONAL ASSOCIATION | ||
By: | /s/ Xxxxx Selimshayev | |
Name: | Xxxxx Selimshayev | |
Title: | Assistant Vice President | |
COBANK, ACB | ||
By: | /s/ Xxx Xxxxxxxx | |
Name: | Xxx Xxxxxxxx | |
Title: | Vice President | |
MIZUHO CORPORATE BANK, LTD. | ||
By: | /s/ Xxxxxx Xxxxxxxxx | |
Name: | Xxxxxx Xxxxxxxxx | |
Title: | Senior Vice President | |
BANK OF TOKYO-MITSUBISHI TRUST COMPANY | ||
By: | /s/ X. Xxxxxxxx | |
Name: | X. Xxxxxxxx | |
Title: | V.P. & Team Leader |
Amendment No. 8