AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
Exhibit 10.1
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
This AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of April 19, 2012 (the “Agreement Date”) and effective as of March 31, 2012 (the “Effective Date”) is made by and among SONIC AUTOMOTIVE, INC., a Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States (“Bank of America”), in its capacity as administrative agent for the Lenders (as defined in the Credit Agreement referred to below) (in such capacity, the “Administrative Agent”), and as Swing Line Lender and L/C Issuer and each of the Loan Parties (as defined in the Credit Agreement) signatory hereto.
W I T N E S S E T H:
WHEREAS, the Company, the Administrative Agent, Swing Line Lender and L/C Issuer, Xxxxx Fargo Bank, National Association, as an L/C Issuer, and the lender parties thereto have entered into that certain Second Amended and Restated Credit Agreement dated as of July 8, 2011 (as hereby amended and as from time to time further amended, modified, supplemented, restated, or amended and restated, the “Credit Agreement”; capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings given thereto in the Credit Agreement), pursuant to which the Lenders have made available to the Company a revolving credit facility, including a letter of credit subfacility and a swing line subfacility; and
WHEREAS, each of the Subsidiary Guarantors has entered into the Subsidiary Guaranty pursuant to which each has guaranteed the payment and performance of the obligations of the Company under the Credit Agreement and other Loan Documents; and
WHEREAS, the Company and the respective Loan Parties that are parties thereto have entered into the Security Agreement, the Escrow Security Agreement, the Pledge Agreement and other Security Instruments, securing the Obligations under the Credit Agreement and other Loan Documents; and
WHEREAS, the Company has advised the Administrative Agent and the Lenders that the Loan Parties desire to amend certain provisions of the Credit Agreement as set forth below, and the Administrative Agent and the Lenders signatory hereto are willing to effect such amendment on the terms and conditions contained in this Agreement;
NOW, THEREFORE, in consideration of the premises and further valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Amendments to Credit Agreement. Subject to the terms and conditions set forth herein, Section 7.11(a) of the Credit Agreement is amended, so that, as amended, such section shall read as follows:
| (a) | Consolidated Liquidity Ratio. Permit the Consolidated Liquidity Ratio as of the end of any fiscal quarter (or at the request of the Administrative Agent, as of the end of any calendar month) to be less than 1.05 to 1.00. |
2. Effectiveness; Conditions Precedent. This Agreement and the amendments to the Credit Agreement herein provided shall become effective as of the Effective Date, upon the Administrative Agent’s receipt of counterparts of this Agreement, duly executed by the Company, each Subsidiary Guarantor, Sonic Financial, the Administrative Agent, and Lenders constituting Required Lenders.
3. Consent of the Loan Parties. Each Subsidiary Guarantor hereby consents, acknowledges and agrees to the amendments set forth herein and hereby confirms and ratifies in all respects the Subsidiary Guaranty (including without limitation the continuation of such Subsidiary Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of this Agreement and the amendments contemplated hereby) and the enforceability of such Subsidiary Guaranty against such Subsidiary Guarantor in accordance with its terms. Each Loan Party hereby consents, acknowledges and agrees to the amendments set forth herein and hereby confirms and ratifies in all respects each Security Instrument to which such Loan Party is a party (including without limitation the continuation of the perfection and priority of each Lien thereunder upon and after the effectiveness of this Agreement and the amendments contemplated hereby) and the enforceability of such Security Instrument against such Loan Party in accordance with its terms.
4. Representations and Warranties. In order to induce the Administrative Agent and the Lenders to enter into this Agreement, each Loan Party represents and warrants to the Administrative Agent and the Lenders as follows:
(a) The representations and warranties made by each Loan Party in Article V of the Credit Agreement and in each of the other Loan Documents to which such Loan Party is a party are true and correct on and as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement will be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement;
(b) The Persons appearing as Subsidiary Guarantors on the signature pages to this Agreement constitute all Persons who are required to be Subsidiary Guarantors pursuant to the terms of the Credit Agreement and the other Loan Documents, including without limitation all Persons who became Subsidiaries or were otherwise required to become Subsidiary Guarantors after the Closing Date, and each of such Persons has become and remains a party to a Subsidiary Guaranty as a guarantor thereunder;
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(c) This Agreement has been duly authorized, executed and delivered by the Company and each of the other Loan Parties party hereto and constitutes a legal, valid and binding obligation of each such party, except as may be limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally; and
(d) No Default or Event of Default has occurred and is continuing.
5. Entire Agreement. This Agreement, together with all the Loan Documents (collectively, the “Relevant Documents”), sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among the parties relating to such subject matter. No promise, condition, representation or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation or warranty. Each of the parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other in relation to the subject matter hereof or thereof. None of the terms or conditions of this Agreement may be changed, modified, waived or canceled orally or otherwise, except in writing and in accordance with Section 10.01 of the Credit Agreement.
6. Full Force and Effect of Agreement. Except as hereby specifically amended, modified or supplemented, the Credit Agreement and all other Loan Documents are hereby confirmed and ratified in all respects and shall be and remain in full force and effect according to their respective terms.
7. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or electronic delivery (including by ..pdf) shall be effective as delivery of a manually executed counterpart of this Agreement.
8. Governing Law. This Agreement shall in all respects be governed by, and construed in accordance with, the laws of the State of North Carolina applicable to contracts executed and to be performed entirely within such State, and shall be further subject to the provisions of Section 10.14 of the Credit Agreement.
9. Enforceability. Should any one or more of the provisions of this Agreement be determined to be illegal or unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto.
10. References. All references in any of the Loan Documents to the “Credit Agreement” shall mean the Credit Agreement, as amended hereby.
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11. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company, each of the other Loan Parties, the Administrative Agent, the Lenders, and their respective successors, legal representatives, and assignees to the extent such assignees are permitted assignees as provided in Section 10.06 of the Credit Agreement.
[Signature pages follow.]
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made, executed and delivered by their duly authorized officers as of the day and year first above written.
| COMPANY: | ||
| SONIC AUTOMOTIVE, INC. | ||
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice Chairman and Chief Financial Officer | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| ADI OF THE SOUTHEAST, LLC |
| ANTREV, LLC |
| ARNGAR, INC. |
| AUTOBAHN, INC. |
| AVALON FORD, INC. |
| FAA AUTO FACTORY, INC. |
| FAA XXXXXXX HILLS, INC. |
| FAA CAPITOL N, INC. |
| FAA CONCORD H, INC. |
| FAA CONCORD T, INC. |
| FAA DUBLIN N, INC. |
| FAA DUBLIN VWD, INC. |
| FAA HOLDING CORP. |
| FAA LAS VEGAS H, INC. |
| FAA POWAY H, INC. |
| FAA POWAY T, INC. |
| FAA SAN BRUNO, INC. |
| FAA SANTA XXXXXX V, INC. |
| FAA SERRAMONTE, INC. |
| FAA SERRAMONTE H, INC. |
| FAA SERRAMONTE L, INC. |
| FAA STEVENS CREEK, INC. |
| FAA TORRANCE CPJ, INC. |
| FIRSTAMERICA AUTOMOTIVE, INC. |
| FORT MILL FORD, INC. |
| FORT XXXXX COLLISION CENTER, LLC |
| FRANCISCAN MOTORS, INC. |
| XXXXXX MOTORS INCORPORATED |
| L DEALERSHIP GROUP, INC. |
| XXXXXX XXXXX CORPORATION |
| XXXXXX CADILLAC, INC. |
| MOUNTAIN STATES MOTORS CO., INC. |
| ONTARIO L, LLC |
| SAI AL HC1, INC. |
| SAI AL HC2, INC. |
| By: |
/s/ Xxxxx X. Xxxxxx | |
| Name: |
Xxxxx X. Xxxxxx | |
| Title: |
Vice President and Treasurer |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| SAI XXX ARBOR IMPORTS, LLC |
| SAI ATLANTA B, LLC |
| SAI BROKEN ARROW C, LLC |
| SAI CHARLOTTE M, LLC |
| SAI COLUMBUS MOTORS, LLC |
| SAI COLUMBUS VWK, LLC |
| SAI FL HC2, INC. |
| SAI FL HC3, INC. |
| SAI FL HC4, INC. |
| SAI FL HC7, INC. |
| SAI FORT XXXXX B, LLC |
| SAI FORT XXXXX H, LLC |
| SAI FORT XXXXX M, LLC |
| SAI FORT XXXXX VW, LLC |
| SAI IRONDALE IMPORTS, LLC |
| SAI LONG BEACH B, INC. |
| SAI MD HC1, INC. |
| SAI MONROVIA B, INC. |
| XXX XXXXXXXXXX B, LLC |
| XXX XXXXXXXXXX BCH, LLC |
| XXX XXXXXXXXXX CH, LLC |
| SAI NASHVILLE CSH, LLC |
| SAI NASHVILLE H, LLC |
| SAI NASHVILLE M, LLC |
| SAI NASHVILLE MOTORS, LLC |
| SAI OK HC1, INC. |
| SAI OKLAHOMA CITY C, LLC |
| SAI OKLAHOMA CITY H, LLC |
| SAI ORLANDO CS, LLC |
| SAI RIVERSIDE C, LLC |
| SAI ROCKVILLE IMPORTS, LLC |
| SAI SANTA XXXXX K, INC. |
| SAI TN HC1, LLC |
| SAI TN HC2, LLC |
| SAI TN HC3, LLC |
| SAI TULSA N, LLC |
| SANTA XXXXX IMPORTED CARS, INC. |
| SONIC – 0000 XXXXXXX XX., XXXXXXXXXXX, LLC |
| SONIC – CALABASAS V, INC. |
| By: |
/s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: |
Vice President and Treasurer |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| SONIC – XXXXXX F, INC. |
| SONIC – COAST CADILLAC, INC. |
| SONIC – DENVER T, INC. |
| SONIC – XXXXXX CADILLAC, INC. |
| SONIC – ENGLEWOOD M, INC. |
| SONIC – LAS VEGAS C EAST, LLC |
| SONIC – LAS VEGAS C WEST, LLC |
| SONIC – XXXXX NISSAN, INC. |
| SONIC – XXXXX PONTIAC – CADILLAC, INC. |
| SONIC – LONE TREE CADILLAC, INC. |
| SONIC – LS, LLC |
| SONIC – MANHATTAN FAIRFAX, INC. |
| SONIC – XXXXXX CHEVROLET, INC. |
| SONIC – XXXXXXX CHEVROLET WORLD, INC. |
| SONIC – XXXXXXX OF XXXXXXXX, INC. |
| SONIC – NORTH CHARLESTON DODGE, INC. |
| SONIC – XXXXXXX CADILLAC, INC. |
| SONIC – XXXXXXXXXXX, INC. |
| SONIC – STEVENS CREEK B, INC. |
| SONIC – XXXXXXXX CADILLAC, INC. |
| SONIC AGENCY, INC. |
| SONIC AUTOMOTIVE – 0000 XXXXX XXX., DB, INC. |
| SONIC AUTOMOTIVE – 0000 XXXXX XXX., DB, LLC |
| SONIC AUTOMOTIVE – 0000 X. XXXX XXXXX, XX, INC. |
| SONIC AUTOMOTIVE – 0000 X. XXXXXXXXXXXX, XX, LLC |
| SONIC AUTOMOTIVE 0000 XXXXXXX XX., XXXXXXXXXX, INC. |
| SONIC AUTOMOTIVE 0000 XXXXXXXXX XXXXXXXXXX XXXX., LLC |
| SONIC AUTOMOTIVE F&I, LLC |
| SONIC AUTOMOTIVE OF CHATTANOOGA, LLC |
| SONIC AUTOMOTIVE OF NASHVILLE, LLC |
| SONIC AUTOMOTIVE OF NEVADA, INC. |
| SONIC AUTOMOTIVE SUPPORT, LLC |
| SONIC AUTOMOTIVE WEST, LLC |
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice President and Treasurer |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| SONIC AUTOMOTIVE-3700 WEST BROAD STREET, COLUMBUS, INC. |
| SONIC AUTOMOTIVE-4000 WEST BROAD STREET, COLUMBUS, INC. |
| SONIC CALABASAS M, INC. |
| SONIC DEVELOPMENT, LLC |
| SONIC DIVISIONAL OPERATIONS, LLC |
| SONIC FREMONT, INC. |
| SONIC OF TEXAS, INC. |
| SONIC RESOURCES, INC. |
| SONIC SANTA XXXXXX M, INC. |
| SONIC SANTA XXXXXX S, INC. |
| SONIC TYSONS CORNER H, INC. |
| SONIC TYSONS CORNER INFINITI, INC. |
| SONIC WALNUT CREEK M, INC. |
| SONIC WILSHIRE CADILLAC, INC. |
| SONIC – BUENA PARK H, INC. |
| SONIC – CALABASAS A, INC. |
| SONIC – CAPITOL CADILLAC, INC. |
| SONIC – CAPITOL IMPORTS, INC. |
| SONIC – XXXXXX XX, INC. |
| SONIC – HARBOR CITY H, INC. |
| SONIC – PLYMOUTH CADILLAC, INC. |
| SONIC – SATURN OF SILICON VALLEY, INC. |
| SONIC – SERRAMONTE I, INC. |
| SONIC – VOLVO LV, LLC |
| SONIC – WEST COVINA T, INC. |
| SRE ALABAMA – 2, LLC |
| SRE ALABAMA – 5, LLC |
| SRE CALIFORNIA – 1, LLC |
| SRE CALIFORNIA – 2, LLC |
| SRE CALIFORNIA – 3, LLC |
| SRE CALIFORNIA – 4, LLC |
| SRE CALIFORNIA – 5, LLC |
| SRE CALIFORNIA – 7 SCB, LLC |
| SRE CALIFORNIA – 8 SCH, LLC |
| SRE COLORADO – 1, LLC |
| SRE FLORIDA – 1, LLC |
| SRE FLORIDA – 2, LLC |
| SRE HOLDING, LLC |
| SRE OKLAHOMA – 1, LLC |
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice President and Treasurer |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| SRE OKLAHOMA – 2, LLC |
| SRE OKLAHOMA – 5, LLC |
| SRE SOUTH CAROLINA – 2, LLC |
| SRE SOUTH CAROLINA – 3, LLC |
| SRE SOUTH CAROLINA – 4, LLC |
| SRE TENNESSEE – 4, LLC |
| SRE VIRGINIA – 1, LLC |
| STEVENS CREEK CADILLAC, INC. |
| TOWN AND COUNTRY FORD, INCORPORATED |
| WINDWARD, INC. |
| Z MANAGEMENT, INC. |
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice President and Treasurer |
| SAI GA HC1, LP | ||||||||
| SONIC – STONE MOUNTAIN T, L.P. | ||||||||
| SONIC PEACHTREE INDUSTRIAL BLVD., L.P. | ||||||||
| By: | SAI GEORGIA, LLC, as Sole General Partner | |||||||
| By: |
SONIC AUTOMOTIVE OF NEVADA, INC., as Sole Member | |||||||
| By: | /s/ Xxxxx X. Xxxxxx | |||||||
| Name: | Xxxxx X. Xxxxxx | |||||||
| Title: | Vice President and Treasurer | |||||||
| SONIC – LS CHEVROLET, L.P. | ||||||||
| By: | SONIC – LS, LLC, as Sole General Partner | |||||||
| By: | /s/ Xxxxx X. Xxxxxx | |||||||
| Name: | Xxxxx X. Xxxxxx | |||||||
| Title: | Vice President and Treasurer | |||||||
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: |
| XXXXXXXX MOTORS, LTD. |
| SONIC – CADILLAC D, L.P. |
| SONIC – CAMP FORD, L.P. |
| SONIC – CARROLLTON V, L.P. |
| SONIC – FORT WORTH T, L.P. |
| SONIC – XXXXX XXXXX AUTOPLEX, L.P. |
| SONIC – HOUSTON V, L.P. |
| SONIC – XXXX XXXXX, L.P. |
| SONIC – XXXXXXXXXX F, L.P. |
| SONIC – UNIVERSITY PARK A, L.P. |
| SONIC ADVANTAGE PA, L.P. |
| SONIC AUTOMOTIVE – 0000 X. XXXX, XX, L.P. |
| SONIC AUTOMOTIVE – 0000 X-00 XXXX, XX, L.P. |
| SONIC AUTOMOTIVE OF TEXAS, L.P. |
| SONIC HOUSTON JLR, LP |
| SONIC XXXXXXX XX, L.P. |
| SONIC MOMENTUM B, L.P. |
| SONIC MOMENTUM JVP, L.P. |
| SONIC MOMENTUM VWA, L.P. |
| SONIC – CLEAR LAKE VOLKSWAGEN, L.P. |
| SONIC – JERSEY VILLAGE VOLKSWAGEN, L.P. |
| SRE TEXAS – 1, L.P. |
| SRE TEXAS – 2, L.P. |
| SRE TEXAS – 3, L.P. |
| SRE TEXAS – 4, L.P. |
| SRE TEXAS – 5, L.P. |
| SRE TEXAS – 6, L.P. |
| SRE TEXAS – 7, L.P. |
| SRE TEXAS – 8, L.P. |
| By: | SONIC OF TEXAS, INC., as Sole General Partner | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| SAI CLEARWATER T, LLC | ||||
| By: | SAI FL HC2, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| REVOLVING SUBSIDIARY GRANTORS: | ||||
| SAI COLUMBUS T, LLC | ||||
| By: | SONIC AUTOMOTIVE, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| SAI GEORGIA, LLC | ||||
| By: | SONIC AUTOMOTIVE OF NEVADA, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| SAI IRONDALE L, LLC | ||||
| By: | SAI AL HC2, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| SAI OKLAHOMA CITY T, LLC | ||||
| SAI TULSA T, LLC | ||||
| By: | SAI OK HC1, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| SAI ROCKVILLE L, LLC | ||||
| By: | SAI MD HC1, INC., as Sole Member | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| FLOORPLAN SUBSIDIARY GRANTORS: |
| ARNGAR, INC. |
| FAA CONCORD H, INC. |
| FAA LAS VEGAS H, INC. |
| FAA POWAY H, INC. |
| FAA SANTA XXXXXX V, INC. |
| FAA SERRAMONTE, INC. |
| FAA SERRAMONTE H, INC. |
| FAA STEVENS CREEK, INC. |
| FAA TORRANCE CPJ, INC. |
| FRANCISCAN MOTORS, INC. |
| XXXXXX MOTORS INCORPORATED |
| SAI BROKEN ARROW C, LLC |
| SAI COLUMBUS MOTORS, LLC |
| SAI COLUMBUS VWK, LLC |
| SAI FORT XXXXX H, LLC |
| SAI IRONDALE IMPORTS, LLC |
| XXX XXXXXXXXXX BCH, LLC |
| XXX XXXXXXXXXX CH, LLC |
| SAI NASHVILLE CSH, LLC |
| SAI NASHVILLE H, LLC |
| SAI NASHVILLE MOTORS, LLC |
| SAI OKLAHOMA CITY H, LLC |
| SAI ORLANDO CS, LLC |
| SAI RIVERSIDE C, LLC |
| SAI ROCKVILLE IMPORTS, LLC |
| SAI SANTA XXXXX K, INC. |
| SANTA XXXXX IMPORTED CARS, INC. |
| SONIC – 0000 XXXXXXX XX., XXXXXXXXXXX, LLC |
| SONIC – LAS VEGAS C WEST, LLC |
| SONIC – LONE TREE CADILLAC, INC. |
| SONIC – XXXXXXX CHEVROLET WORLD, INC. |
| SONIC – XXXXXXX OF XXXXXXXX, INC. |
| SONIC – XXXXXXXXXXX, INC. |
| SONIC AUTOMOTIVE – 0000 X. XXXXXXXXXXXX, XX, LLC |
| SONIC AUTOMOTIVE 0000 XXXXXXXXX XXXXXXXXXX XXXX., LLC |
| SONIC TYSONS CORNER H, INC. |
| SONIC TYSONS CORNER INFINITI, INC. |
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice President and Treasurer |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| FLOORPLAN SUBSIDIARY GRANTORS: |
| SONIC – BUENA PARK H, INC. |
| SONIC – CALABASAS A, INC. |
| SONIC – CAPITOL CADILLAC, INC. |
| SONIC – CAPITOL IMPORTS, INC. |
| SONIC – HARBOR CITY H, INC. |
| SONIC – PLYMOUTH CADILLAC, INC. |
| SONIC – VOLVO LV, LLC |
| STEVENS CREEK CADILLAC, INC. |
| WINDWARD, INC. |
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: | Vice President and Treasurer |
| SONIC – LS CHEVROLET, L.P. | ||||
| By: | SONIC – LS, LLC, as Sole General Partner | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
| XXXXXXXX MOTORS, LTD. |
| SONIC – CADILLAC D, L.P. |
| SONIC – HOUSTON V, L.P. |
| SONIC – XXXX XXXXX, L.P. |
| SONIC ADVANTAGE PA, L.P. |
| SONIC AUTOMOTIVE – 0000 X. XXXX, XX, L.P. |
| SONIC HOUSTON JLR, LP |
| SONIC XXXXXXX XX, L.P. |
| SONIC MOMENTUM JVP, L.P. |
| SONIC MOMENTUM VWA, L.P. |
| By: | SONIC OF TEXAS, INC., as Sole General Partner | |||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Vice President and Treasurer | |||
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| SONIC FINANCIAL CORPORATION | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| ADMINISTRATIVE AGENT: | ||
| BANK OF AMERICA, N.A., as Administrative Agent | ||
| By: |
/s/ illegible signature | |
| Name: |
Xxxx X. Xxxxxxx | |
| Title: |
Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| LENDERS: | ||
| BANK OF AMERICA, N.A., as Swing Line Lender, L/C Issuer and as a Lender | ||
| By: | /s/ M. Xxxxxxxx Xxx | |
| Name: | M. Xxxxxxxx Xxx | |
| Title: | Senior Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| JPMORGAN CHASE BANK, N.A., as a Lender | ||
| By: | /s/ illegible signature | |
| Name: | Xxxxxxx X. Xxxxxx | |
| Title: | Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| US BANK, NATIONAL ASSOCIATION, as a Lender | ||
| By: | /s./ Xxxx Xxxxxxx | |
| Name: | Xxxx Xxxxxxx | |
| Title: | Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| XXXXX FARGO BANK, NATIONAL ASSOCIATION, as an L/C Issuer and as a Lender | ||
| By: | /s/ Xxxxxxx Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| MERCEDES-BENZ FINANCIAL SERVICES USA LLC (f/k/a DCFS USA LLC), as a Lender | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: | Xxxxxxx Xxxxx | |
| Title: | Credit Director, National Accounts | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| COMERICA BANK, as a Lender | ||
| By: | /s/ Xxxxx X. Xxxxxxx | |
| Name: | Xxxxx X. Xxxxxxx | |
| Title: | Senior Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| CAPITAL ONE, N.A., as a Lender | ||
| By: | /s/ Xxxx Xxxxx Xxxx | |
| Name: | Xxxx Xxxxx Xxxx | |
| Title: | Vice President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| BMW FINANCIAL SERVICES NA, LLC, as a Lender | ||
| By: | /s/ Xxxxxxx Xxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | GM, Commercial Finance | |
| BMW Group Financial Services | ||
| By: | /s/ illegible signature | |
| Name: | illegible name | |
| Title: | President | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| TOYOTA MOTOR CREDIT CORPORATION, as a Lender | ||
| By: | /s/ illegible signature | |
| Name: | Xxxx Xxx | |
| Title: | National Credit Dealer Manager | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| VW CREDIT, INC., as a Lender | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Regional General Manager | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
| WORLD OMNI FINANCIAL CORP., as a Lender | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: | Xxxxxxx Xxxxx | |
| Title: | VP Portfolio Management | |
AMENDMENT NO. 1 TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT
