EXHIBIT 4.7
[Execution Copy]
SUPPLEMENTAL INDENTURE NO. 1 (this "Supplement"), dated as of August 21,
2001, is entered into by and among CONSTELLATION BRANDS, INC., a Delaware
corporation (the "Company"), RAVENSWOOD WINERY, INC., a California corporation
and an indirect wholly-owned subsidiary of the Company (the "New Guarantor"),
and BNY MIDWEST TRUST COMPANY (successor to Xxxxxx Trust and Savings Bank), an
Illinois banking corporation, as trustee (the "Trustee").
RECITALS OF THE COMPANY AND THE NEW GUARANTOR
WHEREAS, the Company, the Guarantors and the Trustee have executed and
delivered an Indenture, dated as of February 21, 2001 (the "Indenture"),
providing for the issuance by the Company of $200,000,000 aggregate principal
amount of the Company's 8% Senior Notes due 2008, pursuant to which the
Guarantors have agreed to guarantee, jointly and severally, the full and
punctual payment and performance when due of all Indenture Obligations;
WHEREAS, the New Guarantor has become a Subsidiary and, pursuant to Section
4.15 of the Indenture, is obligated to enter into this Supplement thereby
guaranteeing the punctual payment and performance when due of all Indenture
Obligations;
WHEREAS, pursuant to Section 8.01 of the Indenture, the Company, the New
Guarantor and the Trustee may enter into this Supplement without the consent of
any Holder;
WHEREAS, the execution and delivery of this Supplement have been duly
authorized by a Board Resolution of the respective Boards of Directors of the
Company and the New Guarantor, and;
WHEREAS, all conditions and requirements necessary to make the Supplement
valid and binding upon the Company and the New Guarantor, and enforceable
against the Company and the New Guarantor in accordance with its terms, have
been performed and fulfilled;
NOW, THEREFORE, in consideration of the above premises, each of the parties
hereto agrees, for the benefit of the others and for the equal and proportionate
benefit of the Holders of the Securities, as follows:
ARTICLE ONE
THE NEW GUARANTEE
Section 1.01. For value received, the New Guarantor hereby absolutely,
unconditionally and irrevocably guarantees (the "New Guarantee"), jointly and
severally among itself and the Guarantors, to the Trustee and the Holders, as if
the New Guarantor was the principal debtor, the punctual payment and performance
when due of all Indenture Obligations (which for purposes of the New Guarantee
shall also be deemed to include all commissions, fees, charges, costs and other
expenses (including reasonable legal fees and disbursements of one counsel)
arising out of or incurred by the Trustee or the Holders in connection with the
enforcement of this New Guarantee). The agreements made and obligations assumed
hereunder by the New Guarantor shall constitute and shall be deemed to
constitute a Guarantee under the Indenture and for all purposes of the
Indenture, and the New Guarantor shall be considered a Guarantor for all
purposes of the Indenture as if the New Guarantor was originally named therein
as a Guarantor.
-2-
Section 1.02. The New Guarantee shall be released upon the occurrence of
the events as provided in the Indenture.
Section 1.03. The New Guarantor hereby waives, and will not in any manner
whatsoever claim or take the benefit or advantage of any rights of
reimbursement, indemnity or subrogation or any other rights against the Company
or any other Subsidiary as a result of any payment by the New Guarantor under
its Guarantee under the Indentures.
ARTICLE TWO
MISCELLANEOUS
Section 2.01. Except as otherwise expressly provided or unless the context
otherwise requires, all terms used herein which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. Except as
supplemented hereby, the Indenture (including the Guarantees incorporated
therein) and the notes issued pursuant thereto are in all respects ratified and
confirmed and all the terms and provisions thereof shall remain in full force
and effect.
Section 2.02. This Supplement shall be effective as of the close of
business on July 2, 2001.
Section 2.03. The recitals contained herein shall be taken as the
statements of the Company and the New Guarantor, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Supplement.
Section 2.04. This Supplement shall be governed by and construed in
accordance with the laws of the jurisdiction which governs the Indenture and its
construction.
Section 2.05. This Supplement may be executed in any number of
counterparts each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be
duly executed and attested all as of the day and year first above written.
CONSTELLATION BRANDS, INC.
By: /S/ Xxxxxx X. Summer
-------------------------
Name: Xxxxxx X. Summer
Title: Executive Vice President & Chief
Financial Officer
Attest:
/s/ Xxxxx X. Xxxxx
------------------------
Title:
RAVENSWOOD WINERY, INC.
By: /s/ Xxxxxx X. Summer
-------------------------
Name: Xxxxxx X. Summer
Title: Vice President & Treasurer
Attest:
/s/ Xxxxx X. Xxxxx
------------------------
Title:
BNY MIDWEST TRUST COMPANY
By: /s/ X. Xxxxxxxxx
--------------------------
Name: X. Xxxxxxxxx
Title: Vice President
Attest:
/s/ Signature illegible
------------------------
Title: Assistant Secretary
