FIRST SUPPLEMENTAL INDENTURE
Exhibit 4.02
EXECUTION VERSION
This First Supplemental Indenture (this “Supplemental Indenture”) is made and entered into as of this 4th day of April, 2018, among Federal-Mogul LLC, a Delaware limited liability company (the “Company”) and Federal-Mogul Financing Corporation, a Delaware corporation (together with the Company, the “Issuers”), the guarantors party hereto, Wilmington Trust, National Association, as trustee (the “Trustee”) and Bank of America, N.A. and Citibank, N.A., as co-collateral trustees (the “Co-Collateral Trustees”).
RECITALS
WHEREAS, Section 9.01(ix) of the Indenture, dated as of March 30, 2017 (the “Indenture”), by and among the Issuers, the guarantors from time to time party thereto, the Trustee, The Bank of New York Mellon, London Branch, as paying agent, and The Bank of New York Mellon (Luxembourg) S.A., as registrar, governing the Issuers’ outstanding 4.875% Senior Secured Notes due 2022 and the Floating Rate Senior Secured Notes due 2024 (collectively, the “Notes”) and Section 13 of the Notes provide that the Issuers, the guarantors party thereto, the Trustee and the Co-Collateral Trustees may amend or supplement the Indenture or the Notes without the consent of any Holder to conform the text of the Indenture or the Notes to any provision of the Offering Memorandum related to the offering of the Notes (the “Offering Memorandum”) under the caption “Description of Notes” to the extent that such provision in the “Description of Notes” was intended to be a verbatim recitation of a provision of this Indenture or the Notes, as certified by the Issuers;
WHEREAS, the Issuers have requested that the Trustee and Co-Collateral Trustees execute and deliver this Supplemental Indenture for the purpose of amending the Notes as permitted by Section 9.01(ix) of the Indenture and Section 13 of the Notes;
WHEREAS, the Issuers have delivered to the Trustee and the Co-Collateral Trustees simultaneously with the execution and delivery of this Supplemental Indenture an Officer’s Certificate and an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Sections 9.01(ix), 9.05 and 13.02 of the Indenture; and
WHEREAS, pursuant to Section 9.01(ix) of the Indenture and Section 13(ix) of the Notes, the Trustee and the Co-Collateral Trustees are authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
SECTION 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
SECTION 2. Amendment to the Notes.
1
a. | The second sentence of Section 5(a) of the Fixed Rate Notes is hereby deleted in its entirety and replaced with the following: |
“At any time prior to April 15, 2019, the Issuers may redeem Notes, at their option, in whole at any time or in part from time to time, upon notice as described under Section 3.04, at a redemption price equal to 100% of the principal amount of the Fixed Rate Notes plus the Applicable Fixed Rate Premium as of, and accrued and unpaid interest, if any, to, but not including, the date of redemption, subject to the rights of Holders of record at the close of business on the relevant record date to receive interest due on the relevant interest payment date falling prior to or on the redemption date.”
b. | The second sentence of 5(a) of the Floating Rate Notes is hereby deleted in its entirety and replaced with the following: |
“At any time prior to April 15, 2018, the Issuers may redeem Notes, at their option, in whole at any time or in part from time to time, upon notice as described under Section 3.04, at a redemption price equal to 100% of the principal amount of the Floating Rate Notes plus the Applicable Floating Rate Premium as of, and accrued and unpaid interest, if any, to, but not including, the date of redemption, subject to the rights of Holders of record at the close of business on the relevant record date to receive interest due on the relevant interest payment date falling prior to or on the redemption date.”
SECTION 3. Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
SECTION 4. Ratification of Indenture and Notes; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. Every reference in the Indenture and the Notes to the Indenture or the Notes shall hereby be deemed to mean the Indenture and the Notes as supplemented by this Supplemental Indenture. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity, adequacy or sufficiency of this Supplemental Indenture.
SECTION 5. Certification. The Issuers do hereby certify that the amendments to the Notes provided for herein conform with the corresponding provision of the “Description of Notes” in the Offering Memorandum which was intended to be a verbatim recitation of such provision.
SECTION 6. 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. Delivery of an executed counterpart of a signature page to this Supplemental Indenture by facsimile, email or other electronic means shall be effective as delivery of a manually executed counterpart of this Supplemental Indenture.
2
SECTION 7. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
SECTION 8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity, adequacy or sufficiency of this Supplemental Indenture or for or in respect of the recitals or statements contained herein, all of which recitals and statements are made solely by the Issuers and the Trustee assumes no responsibility for their correctness.
SECTION 9. The Co-Collateral Trustees. Neither Citibank, N.A., in its capacity as Retiring Collateral Trustee and as Co-Collateral Trustee, in each case under and as defined in that certain Collateral Trustee Resignation and Appointment Agreement dated as of February 23, 2018 by and among the Issuers, the Trustee, Bank of America, N.A., as Co-Collateral Trustee, Successor Collateral Trustee and ABL Agent, Citibank, N.A., as Co-Collateral Trustee and Retiring Collateral Trustee and the other parties thereto (as amended, supplemented or otherwise modified from time to time, the “CT Resignation Agreement”) nor Bank of America, N.A. shall be responsible in any manner whatsoever for or in respect of the validity, adequacy or sufficiency of this Supplemental Indenture or for or in respect of the recitals or statements contained herein, all of which recitals and statements are made solely by the Issuers. Without limitation of the foregoing, Citibank, N.A., in its capacity as Retiring Collateral Trustee and as Co-Collateral Trustee, shall be entitled to all the benefits of the Surviving Provisions (as defined in the CT Resignation Agreement) with respect to this Supplemental Indenture.
[SIGNATURE PAGES FOLLOW]
3
IN WITNESS WHEREOF, each of the parties hereto has caused this Supplemental Indenture to be executed by its duly authorized officers as of the date first written above.
ISSUERS | ||||
FEDERAL-MOGUL LLC | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Vice President of Investor Relations and Treasurer | |||
FEDERAL-MOGUL FINANCING CORPORATION | ||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Treasurer |
Signature Page to First Supplemental Indenture (March Indenture)
GUARANTORS | ||||
XXXXXX AUTOMOTIVE COMPANY LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Taigman | |||
Name: | Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Title: | Vice President and Secretary | |||
FEDERAL-MOGUL IGNITION COMPANY | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
FEDERAL-MOGUL PISTON RINGS, LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
FEDERAL-MOGUL POWERTRAIN LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
FEDERAL-MOGUL POWERTRAIN IP LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
FEDERAL-MOGUL PRODUCTS, INC. | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President |
FEDERAL-MOGUL MOTORPARTS LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Taigman | |||
Name: | Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Title: | Senior Vice President, General Counsel and Secretary | |||
FEDERAL-MOGUL WORLD WIDE LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Taigman | |||
Name: | Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Title: | Vice President and Secretary | |||
FELT PRODUCTS MFG. CO. LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
XXXXX-XXXX AUTO PARTS LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx Taigman | |||
Title: | Vice President and Secretary | |||
FEDERAL-MOGUL CHASSIS LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx Taigman | |||
Title: | Vice President and Secretary | |||
F-M MOTORPARTS TSC LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx Taigman | |||
Title: | Vice President and Secretary |
F-M TSC REAL ESTATE HOLDINGS LLC | ||||
By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | President | |||
FEDERAL-MOGUL VALVE TRAIN INTERNATIONAL LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
FEDERAL-MOGUL SEVIERVILLE, LLC | ||||
By: | /s/ Xxxxx XxXxxxx | |||
Name: | Xxxxx XxXxxxx | |||
Title: | Senior Vice President | |||
XXXX ARNLEY HOLDINGS LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Taigman | |||
Name: | Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Title: | Vice President and Secretary | |||
FEDERAL-MOGUL FILTRATION LLC | ||||
By: | /s/ Xxxxxxxx Xxxxxxx Taigman | |||
Name: | Xxxxxxxx Xxxxxxx Xxxxxxx | |||
Title: | Vice President and Secretary |
TRUSTEE | ||||
WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee | ||||
By: | /s/ Xxxx X. Xxxxxxxxx | |||
Name: | Xxxx X. Xxxxxxxxx | |||
Title: | Vice President |
CO-COLLATERAL TRUSTEES | ||||
BANK OF AMERICA, N.A. | ||||
By: | /s/ Xxxxxx X. Xxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxx | |||
Title: | Vice President | |||
CITIBANK, N.A. | ||||
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Attorney in Fact |