SUPPLEMENTAL INDENTURE – BERRY ASSUMPTION
EXHIBIT 4.2
SUPPLEMENTAL INDENTURE – XXXXX ASSUMPTION
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of July 1, 2019, among Xxxxx Global, Inc., a Delaware corporation (the “Company”), each of the parties identified as a
Subsidiary Guarantor on the signature pages hereto (each a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors”), each a subsidiary of the Company, Xxxxx Global Group, Inc., a Delaware corporation (the “Parent
Guarantor”) and U.S. Bank National Association, a national banking association, as trustee under the indenture referred to below (the “Trustee”).
W I T N E S S E T H :
WHEREAS Xxxxx Global Escrow Corporation (the “Escrow Issuer”) has heretofore entered into that certain indenture with the Trustee, dated as of June 5, 2019 (as amended, supplemented or
otherwise modified, the “Indenture”), providing initially for the issuance of $500,000,000 in aggregate principal amount of the Escrow Issuer’s 5.625% Second Priority Senior Secured Notes due 2027 (the “Securities”);
WHEREAS, the Escrow Issuer , the Company, the Parent Guarantor and each Subsidiary Guarantor that is a signatory hereto is executing this Supplemental Indenture pursuant to which (i) the Company
shall become a party to the Indenture and assume all of the rights and be subject to all of the obligations and agreements of the “Issuer” under the Securities and the Indenture, (ii) the Parent Guarantor shall become a party to the Indenture and
assume all of the rights and be subject to all of the obligations and agreements of the “Parent Guarantor” under the Indenture, and (iii) each Subsidiary Guarantor shall become a party to the Indenture and assume all of the rights and be subject to
all of the obligations and agreements of a “Subsidiary Guarantor” under the Indenture;
WHEREAS Sections 4.11 and 12.06 of the Indenture provide that under certain circumstances the Issuer is required to cause the Parent Guarantor and each Subsidiary Guarantor to execute and deliver to
the Trustee a supplemental indenture pursuant to which such Parent Guarantor and Subsidiary Guarantor, respectively, shall unconditionally guarantee all the Issuer’s Obligations under the Securities and the Indenture pursuant to a Parent Guarantee
and a Subsidiary Guarantee, respectively, on the terms and conditions set forth herein; and
WHEREAS Sections 4.18 and 9.01 of the Indenture provide that the Escrow Issuer and the Company may execute and deliver to the Trustee a supplemental indenture pursuant to which the Company shall
unconditionally assume all of the Escrow Issuer’s Note Obligations under the Securities and the Indenture on the terms and conditions herein set forth;
WHEREAS Sections 4.11, 4.18, 9.01 and 12.06 of the Indenture provide that the Parent Guarantor and the Subsidiary Guarantors may execute and deliver to the Trustee a supplemental indenture pursuant
to which each guarantees the Note Obligations; and
WHEREAS Section 4.18 of the Indenture provides that upon the assumption by the Company of all of the Escrow Issuer’s Note Obligations under the Securities and the Indenture, the Escrow Issuer shall
be released from all Note Obligations under the Securities and the Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, Escrow Issuer, the Company, the Subsidiary Guarantors, the
Parent Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
1. Defined Terms. Capitalized terms used herein have the meanings assigned to
them in the Indenture referred to below unless otherwise indicated. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in
this Supplemental Indenture shall refer to the term “Holders” as defined in the Indenture, and the Trustee and the Collateral Agent acting on behalf of and for the benefit of such Holders. The words “herein,” “hereof” and “hereby” and other words of
similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.
2. Agreement to be Bound. The Company hereby unconditionally assumes the Escrow
Issuer’s Note Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in the Indenture and agrees to be bound by all other applicable provisions of the Indenture and the Securities and to perform all of
the obligations and agreements of the Escrow Issuer under the Indenture. The Company hereby becomes party to the Indenture as the “Issuer” for all purposes thereof and as such will have all of the rights and be subject to all of the obligations and
agreements of the “Issuer” under the Indenture.
3. Agreement to Guarantee. (i) The Parent Guarantor hereby agrees to
unconditionally guarantee the Issuer’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article 14 of the Indenture and to be bound by all other applicable provisions of the Indenture and the
Securities and to perform all of the obligations and agreements of the Parent Guarantor under the Indenture. (ii) Each Subsidiary Guarantor hereby agrees, jointly and severally with all existing Subsidiary Guarantors (if any), to unconditionally
guarantee the Issuer’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article 12 of the Indenture and to be bound by all other applicable provisions of the Indenture and the Securities and
to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture.
4. Notices. All notices or other communications to the Parent Guarantor and the
Subsidiary Guarantors shall be given as provided in Section 13.02 of the Indenture.
5. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except
as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.
6. Release of Obligations of Escrow Issuer. Upon execution of this Supplemental
Indenture by the Company, the Escrow Issuer, the Parent Guarantor, the Subsidiary Guarantors and the Trustee, the Escrow Issuer is released and discharged from all Note Obligations under the Indenture and the Securities.
7. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.
8. Trustee Makes No Representation. The Trustee makes no representation as to
the validity or sufficiency of this Supplemental Indenture. The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture, but on the terms and conditions set forth in the Indenture, including the terms and provisions
defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements
contained herein, or for or with respect to (i) the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Company by action or otherwise, (iii) the due execution
hereof by the Company or (iv) the consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters.
9. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
10. Effect of Headings. The Section headings herein are for convenience only
and shall not affect the construction thereof.
[Signature Pages Follow]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.
XXXXX GLOBAL, INC., as Issuer | |
By:
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/s/Xxxx X. Xxxxx |
Name: Xxxx X. Xxxxx |
|
Title: Chief Financial Officer and Treasurer |
XXXXX GLOBAL GROUP, INC., as Parent Guarantor | |
By:
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/s/Xxxx X. Xxxxx |
Name: Xxxx X. Xxxxx |
|
Title: Chief Financial Officer and Treasurer |
XXXXX GLOBAL ESCROW CORPORATION | |
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
|
Title: Executive Vice President, General Counsel and Secretary |
SUBSIDIARY GUARANTORS:
AEROCON, LLC
AVINTIV ACQUISITION CORPORATION
AVINTIV INC.
AVINTIV SPECIALTY MATERIALS INC.
XXXXX FILM PRODUCTS ACQUISITION COMPANY, INC.
XXXXX FILM PRODUCTS COMPANY, INC.
XXXXX PLASTICS ACQUISITION CORPORATION V
XXXXX PLASTICS ACQUISITION CORPORATION XII
XXXXX PLASTICS ACQUISITION CORPORATION XIII
XXXXX GLOBAL FILMS, LLC
XXXXX PLASTICS ACQUISITION LLC X
XXXXX PLASTICS DESIGN, LLC
XXXXX PLASTICS FILMCO, INC.
XXXXX PLASTICS 1K, LLC
XXXXX PLASTICS OPCO, INC.
XXXXX PLASTICS SP, INC.
XXXXX PLASTICS TECHNICAL SERVICES, INC.
XXXXX SPECIALTY TAPES, LLC
XXXXX XXXXXXXX CORPORATION
BPREX BRAZIL HOLDING INC.
BPREX CLOSURE SYSTEMS, LLC
BPREX CLOSURES KENTUCKY INC.
BPREX CLOSURES, LLC
BPREX DELTA INC.
BPREX HEALTHCARE BROOKVILLE INC.
BPREX HEALTHCARE PACKAGING INC.
BPREX PLASTIC PACKAGING INC.
BPREX PLASTICS SERVICES COMPANY INC.
BPREX PRODUCT DESIGN AND ENGINEERING INC.
BPREX SPECIALTY PRODUCTS PUERTO RICO INC.
CAPLAS LLC
CAPLAS NEPTUNE, LLC
CAPTIVE PLASTICS HOLDINGS, LLC
CAPTIVE PLASTICS, LLC
CARDINAL PACKAGING, INC.
CHICOPEE, INC.
COVALENCE SPECIALTY ADHESIVES LLC
COVALENCE SPECIALTY COATINGS LLC
CPI HOLDING CORPORATION
DOMINION TEXTILE (USA), L.L.C.
FABRENE, L.L.C.
FIBERWEB GEOS, INC.
FIBERWEB, LLC
XXXX GROUP, LLC
KNIGHT PLASTICS, LLC
OLD HICKORY STEAMWORKS, LLC
PACKERWARE, LLC
PESCOR, INC.
PGI EUROPE, INC.
PGI POLYMER, INC.
PLIANT INTERNATIONAL, LLC
PLIANT, LLC
POLY-SEAL, LLC
PRIME LABEL & SCREEN INCORPORATED
PRISTINE BRANDS CORPORATION
PROVIDENCIA USA, INC.
ROLLPAK CORPORATION
SAFFRON ACQUISITION, LLC
SETCO, LLC
SUN COAST INDUSTRIES, LLC
UNIPLAST HOLDINGS, LLC
UNIPLAST U.S., INC.
VENTURE PACKAGING, INC.
VENTURE PACKAGING MIDWEST, INC.
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
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Title: Executive Vice President, General Counsel and Secretary |
LADDAWN, INC.
DUMPLING ROCK, LLC
ESTERO PORCH, LLC
LAMB’S GROVE, LLC
XXXXXXX, LLC
XXXXXX, LLC
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
|
Title: Executive Vice President, General Counsel and Secretary |
GRAFCO INDUSTRIES LIMITED PARTNERSHIP | |
By: |
Caplas Neptune, LLC, its General Partner |
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
|
Title: Executive Vice President, General Counsel and Secretary |
CHOCKSETT ROAD LIMITED PARTNERSHIP | |
By: |
Xxxxx Global, Inc., its General Partner |
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
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Title: Executive Vice President, General Counsel and Secretary |
CHOCKSETT ROAD REALTY TRUST | |
By: |
Laddawn, Inc., its Trustee |
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
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Title: Executive Vice President |
SEAL FOR LIFE INDUSTRIES, LLC |
|
By:
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/s/Xxxxx X. Xxxxxx |
Name: Xxxxx X. Xxxxxx |
|
Title: Executive Vice President, General Counsel and Secretary |
U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE | |
By:
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/s//Xxxxxxx X. Xxxxxxx |
Name: Xxxxxxx X. Xxxxxxx | |
Title: Vice President |