Contract
Exhibit 4.1
AMENDMENT NO. 1 and REAFFIRMATION AGREEMENT dated as of August 17, 2012 (this “Agreement”), relating to the Amended and Restated Guarantee and Collateral Agreement, dated as of July 25, 2007, as amended and restated as of November 5, 2010 and further supplemented heretofore (the “Collateral Agreement”), among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Company”), COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Parent”), the other Subsidiaries party hereto (collectively, and together with the Company and Parent, the “Grantors” or the “Reaffirming Parties”) and Credit Suisse AG, as collateral agent (in such capacity, the “Collateral Agent”).
WHEREAS, the Company, the guarantors party thereto (the “Guarantors”) and Credit Suisse Securities (USA) LLC, as representative of the underwriters (the “Underwriters”), entered into an Underwriting Agreement, dated as of August 8, 2012 (the “Underwriting Agreement”), relating to the sale by the Company of $1.6 billion aggregate principal amount of its 5.125% Senior Secured Notes due 2018 (the “Securities”) and the guarantees thereon (the “Guarantees”) to be issued under an Indenture dated the date hereof (the “Indenture”), among the Company, the Guarantors, the Collateral Agent and Regions Bank, an Alabama banking corporation, as trustee (the “Trustee”);
WHEREAS, pursuant to Section 7.09(c) of the Collateral Agreement, the Company has delivered to the Collateral Agent an officer’s certificate as contemplated thereby (the “Designation Certificate”) designating the Securities, the Guarantees, the other obligations under the Indenture and the notes evidencing the Securities as “Pari Passu Debt Obligations” for purposes of the Collateral Agreement (the “Pari Passu Designation”);
WHEREAS, the Grantors and the Collateral Agent desire that certain provisions of the Collateral Agreement be amended as provided in Article I hereof (the “Amendment”) and intend that the Collateral Agreement, as so amended and after giving effect to the Designation Certificate, shall continue to secure, or secure, and otherwise benefit the Obligations, including, for the avoidance of doubt, the Pari Passu Debt Obligations contemplated by the Designation Certificate;
WHEREAS, each Reaffirming Party expects to realize substantial direct and indirect benefits from the issuance of the Securities pursuant to the Indenture and the execution and delivery of this Agreement is a condition precedent to the obligations of the several Underwriters to purchase and pay for such Securities; and
WHEREAS, capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Agreement.
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NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
ARTICLE I
Amendments to the Collateral Agreement
SECTION 1.01. Section 3.01(b) of the Collateral Agreement is hereby amended and restated in its entirety to read as follows:
“(b) Notwithstanding anything herein to the contrary, in the event that any Series of Pari Passu Debt Obligations is issued pursuant to a registration statement that has been filed with the SEC (including pursuant to any exchange offer subsequent to the initial private issuance of such Series), the “Pledged Stock” securing any such Series shall automatically be deemed not to include any Equity Interests or other securities of a subsidiary of Parent which, if pledged to secure such Series, would require the Borrower to file separate financial statements for any Subsidiary with the SEC or any other U.S. federal government agency (in each case solely to the extent necessary to not be subject to such filing requirements). The limitation provided for in this paragraph (b) shall not be applied to the Bank Loan Obligations or to any Series of Pari Passu Debt Obligations that is not issued pursuant to such a registration statement.”
SECTION 1.02. Section 4.01(a)(X) of the Collateral Agreement is hereby amended and restated in its entirety to read as follows:
“(X) in the event that any Series of Pari Passu Debt Obligations is issued pursuant to a registration statement that has been filed with the SEC (including pursuant to any exchange offer subsequent to the initial private issuance of such Series), solely with respect to such Series, any Equity Interests which, if part of the Collateral securing the Series, would require the Borrower to file separate financial statements for any Subsidiary with the SEC or any other U.S. federal government agency (in each case solely to the extent necessary to not be subject to such filing requirements) (but, for the avoidance of doubt, such Equity Interests shall at all times continue to secure the Bank Loan Obligations and all other Series of Pari Passu Debt Obligations to the extent provided for in this Agreement).”
ARTICLE II
Reaffirmation
Each Reaffirming Party hereby acknowledges its receipt and review of a copy of the Designation Certificate and related Indenture, and hereby accepts and consents to the Pari Passu Designation and the resulting grant of security and other benefits to the Pari Passu Debt Obligations referenced in the Designation Certificate.
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Each Reaffirming Party hereby further (a) affirms and confirms its guarantees, pledges, grants of security and other commitments and obligations under the Collateral Agreement (as amended hereby and modified by the Pari Passu Designation), (b) affirms and confirms its indemnification obligations and other commitments and obligations under the Collateral Agreement (as amended hereby and modified by the Pari Passu Designation) and (c) agrees that, after giving effect to the amendments contemplated hereby and the Pari Passu Designation, (i) the Collateral Agreement shall continue to be in full force and effect and (ii) all guarantees, pledges, grants of security and other commitments thereunder shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties, including, for the avoidance of doubt, the holders of the Securities and the Trustee. Each of the Reaffirming Parties hereby confirms and agrees that, after giving effect to the Pari Passu Designation, (i) the Securities shall constitute “Pari Passu Debt Obligations” and “Obligations” under the Collateral Agreement (as amended hereby) and (ii) the holders of any Securities and the Trustee shall be “Pari Passu Secured Parties” and “Secured Parties” under the Collateral Agreement (as amended hereby) and shall have all the rights and privileges of a Secured Party thereunder.
ARTICLE III
Representations and Warranties
SECTION 3.01. Authority; Enforcement. Each Grantor hereby represents and warrants as of the date hereof that the execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of each Grantor and that this Agreement has been duly executed and delivered by each Grantor and is the legally valid and binding obligation of such Grantor, enforceable against such Grantor in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to limiting creditors’ rights generally or by equitable principles relating to enforceability.
SECTION 3.02. Amendment. The Company hereby represents and certifies that the Amendment is permitted under Section 7.09 of the Collateral Agreement.
SECTION 3.03. Grantors. Each of the Parent and the Company hereby represents and warrants as of the date hereof that the Grantors that are signatories hereto constitute all of the Grantors and Guarantors under the Collateral Agreement.
ARTICLE IV
Miscellaneous
SECTION 4.01. Effect of this Agreement. (a) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Collateral Agent or any other Secured Party under the Collateral Agreement or any other Loan
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Document (as defined in the Credit Agreement) or Notes Collateral Document (as defined in the Indenture), and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Collateral Agreement or any other Loan Document or any other Notes Collateral Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Grantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Collateral Agreement or any other Loan Document or any other Notes Collateral Document in similar or different circumstances. This Agreement shall apply and be effective only with respect to the provisions of the Collateral Agreement specifically referred to herein.
(b) After the date hereof, any reference to the Collateral Agreement shall mean the Collateral Agreement after giving effect to the Amendment and the Pari Passu Designation.
(c) This Amendment shall constitute a “Loan Document” for all purposes of the Collateral Agreement and the other Loan Documents and a “Notes Collateral Document” for all purposes of the Indenture and the other Collateral Documents.
SECTION 4.02. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and permitted assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor that are contained in this Agreement shall bind and inure to the benefit of their respective successors and permitted assigns.
SECTION 4.03. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which, when taken together, shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission or electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement.
SECTION 4.04. No Novation. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Collateral Agreement, which shall remain in full force and effect except as modified by the Amendment and supplemented by the Designation Certificate.
SECTION 4.05. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
[Signature Pages Follow]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
CHS/COMMUNITY HEALTH SYSTEMS, INC. | ||||||
by | ||||||
/s/ Xxxxxx X. Xxxxxxx | ||||||
Name: | Xxxxxx X. Xxxxxxx | |||||
Title: | Executive Vice President, Secretary and General Counsel |
ABILENE HOSPITAL, LLC | CLEVELAND TENNESSEE HOSPITAL COMPANY, LLC | |
ABILENE MERGER, LLC | CLINTON HOSPITAL CORPORATION | |
XXXX HOSPITAL CORPORATION | COATESVILLE HOSPITAL CORPORATION | |
BERWICK HOSPITAL COMPANY, LLC | COLLEGE STATION HOSPITAL, L.P. | |
BIG BEND HOSPITAL CORPORATION | COLLEGE STATION MEDICAL CENTER, LLC | |
BIG SPRING HOSPITAL CORPORATION | COLLEGE STATION MERGER, LLC | |
BIRMINGHAM HOLDINGS II, LLC | COMMUNITY GP CORP. | |
BIRMINGHAM HOLDINGS, LLC | COMMUNITY HEALTH INVESTMENT COMPANY, LLC | |
BLUEFIELD HOLDINGS, LLC | COMMUNITY HEALTH SYSTEMS, INC. | |
BLUEFIELD HOSPITAL COMPANY, LLC | COMMUNITY LP CORP. | |
BLUFFTON HEALTH SYSTEM, LLC | CP HOSPITAL GP, LLC | |
BROWNSVILLE HOSPITAL CORPORATION | CPLP, LLC | |
BROWNWOOD HOSPITAL, L.P. | CRESTWOOD HOSPITAL, LLC | |
BROWNWOOD MEDICAL CENTER, LLC | CRESTWOOD HOSPITAL, LP, LLC | |
BULLHEAD CITY HOSPITAL CORPORATION | CSMC, LLC | |
BULLHEAD CITY HOSPITAL INVESTMENT CORPORATION | CSRA HOLDINGS, LLC | |
CARLSBAD MEDICAL CENTER, LLC | DEACONESS HOLDINGS, LLC | |
CENTRE HOSPITAL CORPORATION | DEACONESS HOSPITAL HOLDINGS, LLC | |
CHHS HOLDINGS, LLC | XXXXXX HOSPITAL CORPORATION | |
CHS KENTUCKY HOLDINGS, LLC | DESERT HOSPITAL HOLDINGS, LLC | |
CHS PENNSYLVANIA HOLDINGS, LLC | XXXXX HOSPITAL, LLC | |
CHS VIRGINIA HOLDINGS, LLC | DHFW HOLDINGS, LLC | |
CHS WASHINGTON HOLDINGS, LLC | DHSC, LLC | |
CLARKSVILLE HOLDINGS, LLC | XXXXX HEALTH SYSTEM, LLC | |
CLEVELAND HOSPITAL CORPORATION | DYERSBURG HOSPITAL CORPORATION |
By: | /s/ Xxxxxx X. Xxxxxxx |
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Name: | Xxxxxx X. Xxxxxxx | |||||||
Title: | Executive Vice President | |||||||
Acting on behalf of each of the Guarantors set forth above |
EMPORIA HOSPITAL CORPORATION | XXX COUNTY HOSPITAL CORPORATION | |
EVANSTON HOSPITAL CORPORATION | XXX COUNTY OKLAHOMA HOSPITAL COMPANY, LLC | |
FALLBROOK HOSPITAL CORPORATION | KIRKSVILLE HOSPITAL COMPANY, LLC | |
XXXXX HOSPITAL CORPORATION | LAKEWAY HOSPITAL CORPORATION | |
FORREST CITY ARKANSAS HOSPITAL COMPANY, LLC | LANCASTER HOSPITAL CORPORATION | |
XXXXXXX CITY HOSPITAL CORPORATION | LAS CRUCES MEDICAL CENTER, LLC | |
FORT XXXXX HOSPITAL CORPORATION | LEA REGIONAL HOSPITAL, LLC | |
FRANKFORT HEALTH PARTNER, INC. | LEXINGTON HOSPITAL CORPORATION | |
FRANKLIN HOSPITAL CORPORATION | LONGVIEW MERGER, LLC | |
GADSDEN REGIONAL MEDICAL CENTER, LLC | LRH, LLC | |
GALESBURG HOSPITAL CORPORATION | LUTHERAN HEALTH NETWORK OF INDIANA, LLC | |
GRANBURY HOSPITAL CORPORATION | XXXXXX HOSPITAL CORPORATION | |
GRANITE CITY HOSPITAL CORPORATION | XXXXXX HOSPITAL CORPORATION | |
GRANITE CITY ILLINOIS HOSPITAL COMPANY, LLC | MASSILLON COMMUNITY HEALTH SYSTEM LLC | |
GREENVILLE HOSPITAL CORPORATION | MASSILLON HEALTH SYSTEM LLC | |
GRMC HOLDINGS, LLC | MASSILLON HOLDINGS, LLC | |
HALLMARK HEALTHCARE COMPANY, LLC | XXXXXXXX TENNESSEE HOSPITAL COMPANY, LLC | |
XXXXX MEDCO, LLC | MCNAIRY HOSPITAL CORPORATION | |
HOSPITAL OF BARSTOW, INC. | MCSA, L.L.C. | |
HOSPITAL OF XXXXXX, INC. | MEDICAL CENTER OF BROWNWOOD, LLC | |
HOSPITAL OF LOUISA, INC. | MERGER LEGACY HOLDINGS, LLC | |
HOSPITAL OF MORRISTOWN, INC. | MMC OF NEVADA, LLC | |
XXXXXXX HOSPITAL CORPORATION (KY) | XXXXXXX HOSPITAL COMPANY, LLC | |
XXXXXXX HOSPITAL CORPORATION (TN) | MWMC HOLDINGS, LLC | |
JOURDANTON HOSPITAL CORPORATION | NANTICOKE HOSPITAL COMPANY, LLC |
By: | /s/ Xxxxxx X. Xxxxxxx |
|||||||
Name: | Xxxxxx X. Xxxxxxx | |||||||
Title: | Executive Vice President | |||||||
Acting on behalf of each of the Guarantors set forth above |
NATIONAL HEALTHCARE OF LEESVILLE, INC. | QHG OF XXXXXXX COUNTY, INC. | |
NATIONAL HEALTHCARE OF MT. XXXXXX, INC. | QHG OF FORT XXXXX COMPANY, LLC | |
NATIONAL HEALTHCARE OF NEWPORT, INC. | QHG OF HATTIESBURG, INC. | |
XXXXXXX HOSPITAL, L.P. | QHG OF MASSILLON, INC. | |
XXXXXXX REGIONAL, LLC | QHG OF SOUTH CAROLINA, INC. | |
NC-DSH, LLC | QHG OF SPARTANBURG, INC. | |
NORTHAMPTON HOSPITAL COMPANY, LLC | QHG OF SPRINGDALE, INC. | |
NORTHWEST HOSPITAL, LLC | QHG OF WARSAW COMPANY, LLC | |
NOV HOLDINGS, LLC | QUORUM HEALTH RESOURCES, LLC | |
NRH, LLC | RED BUD HOSPITAL CORPORATION | |
OAK HILL HOSPITAL CORPORATION | RED BUD ILLINOIS HOSPITAL COMPANY, LLC | |
ORO VALLEY HOSPITAL, LLC | REGIONAL HOSPITAL OF LONGVIEW, LLC | |
XXXXXX-WASILLA HEALTH SYSTEM, LLC | RIVER REGION MEDICAL CORPORATION | |
PAYSON HOSPITAL CORPORATION | ROSWELL HOSPITAL CORPORATION | |
PECKVILLE HOSPITAL COMPANY, LLC | RUSTON HOSPITAL CORPORATION | |
PENNSYLVANIA HOSPITAL COMPANY, LLC | RUSTON LOUISIANA HOSPITAL COMPANY, LLC | |
XXXXXXXX HOSPITAL CORPORATION | SACMC, LLC | |
PHOENIXVILLE HOSPITAL COMPANY, LLC | SALEM HOSPITAL CORPORATION | |
POTTSTOWN HOSPITAL COMPANY, LLC | SAN XXXXXX COMMUNITY MEDICAL CENTER, LLC | |
QHG GEORGIA HOLDINGS II, LLC | SAN XXXXXX MEDICAL, LLC | |
QHG GEORGIA HOLDINGS, INC. | SAN XXXXXX HOSPITAL CORPORATION | |
QHG GEORGIA, XX | XXXXXXXX HOLDINGS, LLC | |
QHG OF BLUFFTON COMPANY, LLC | SCRANTON HOSPITAL COMPANY, LLC | |
QHG OF CLINTON COUNTY, INC. | SCRANTON QUINCY HOLDINGS, LLC | |
QHG OF ENTERPRISE, INC. | SCRANTON QUINCY HOSPITAL COMPANY, LLC |
By: | /s/ Xxxxxx X. Xxxxxxx |
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Name: | Xxxxxx X. Xxxxxxx | |||||||
Title: | Executive Vice President | |||||||
Acting on behalf of each of the Guarantors set forth above |
SHELBYVILLE HOSPITAL CORPORATION | VIRGINIA HOSPITAL COMPANY, LLC | |
SILOAM SPRINGS ARKANSAS HOSPITAL COMPANY, LLC | WARREN OHIO HOSPITAL COMPANY, LLC | |
SILOAM SPRINGS HOLDINGS, LLC | WARREN OHIO REHAB HOSPITAL COMPANY, LLC | |
SOUTHERN TEXAS MEDICAL CENTER, LLC | WATSONVILLE HOSPITAL CORPORATION | |
SPOKANE VALLEY WASHINGTON HOSPITAL COMPANY, LLC | WAUKEGAN HOSPITAL CORPORATION | |
SPOKANE WASHINGTON HOSPITAL COMPANY, LLC | WAUKEGAN ILLINOIS HOSPITAL COMPANY, LLC | |
TENNYSON HOLDINGS, LLC | XXXXXXXXXXX HOSPITAL CORPORATION | |
TOMBALL TEXAS HOLDINGS, LLC | WEATHERFORD TEXAS HOSPITAL COMPANY, LLC | |
TOMBALL TEXAS HOSPITAL COMPANY, LLC | XXXX HOSPITAL CORPORATION | |
TOOELE HOSPITAL CORPORATION | XXXX HOSPITAL HOLDINGS, LLC | |
TRIAD HEALTHCARE CORPORATION | XXXXXX HEALTH SYSTEM, LLC | |
TRIAD HOLDINGS III, LLC | WEST GROVE HOSPITAL COMPANY, LLC | |
TRIAD HOLDINGS IV, LLC | WHMC, LLC | |
TRIAD HOLDINGS V, LLC | XXXXXX-XXXXX BEHAVIORAL HOSPITAL COMPANY, LLC | |
TRIAD NEVADA HOLDINGS, LLC | XXXXXX-XXXXX HOLDINGS, LLC | |
TRIAD OF ALABAMA, LLC | XXXXXX-XXXXX HOSPITAL COMPANY, LLC | |
TRIAD OF OREGON, LLC | WILLIAMSTON HOSPITAL CORPORATION | |
TRIAD-ARMC, LLC | WOMEN & CHILDREN’S HOSPITAL, LLC | |
TRIAD-EL DORADO, INC. | WOODLAND HEIGHTS MEDICAL CENTER, LLC | |
TRIAD-XXXXXXX REGIONAL HOSPITAL SUBSIDIARY, LLC | XXXXXXXX HEALTH SYSTEM, LLC | |
TUNKHANNOCK HOSPITAL COMPANY, LLC | YOUNGSTOWN OHIO HOSPITAL COMPANY, LLC | |
VHC MEDICAL, LLC | BLUE ISLAND HOSPITAL COMPANY, LLC | |
VICKSBURG HEALTHCARE, LLC | BLUE ISLAND ILLINOIS HOLDINGS, LLC | |
VICTORIA HOSPITAL, LLC | LONGVIEW CLINIC OPERATIONS COMPANY, LLC | |
VICTORIA OF TEXAS, L.P. | LONGVIEW MEDICAL CENTER, L.P. | |
AFFINITY HEALTH SYSTEMS, LLC | AFFINITY HOSPITAL, LLC |
By: | /s/ Xxxxxx X. Xxxxxxx |
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Name: | Xxxxxx X. Xxxxxxx | |||||||
Title: | Executive Vice President | |||||||
Acting on behalf of each of the Guarantors set forth above |
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Collateral Agent, | ||||||
by | ||||||
/s/ Xxxxxx Xxxx | ||||||
Name: | Xxxxxx Xxxx | |||||
Title: | Managing Director |
by | ||||||
/s/ Xxxxx Xxxxxx | ||||||
Name: | Xxxxx Xxxxxx | |||||
Title: | Associate |