TENTH AMENDMENT TO THE AMENDED AND RESTATED REVOLVING TRADE RECEIVABLES PURCHASE AGREEMENT
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (i) NOT MATERIAL AND (ii) WOULD BE LIKELY TO CAUSE COMPETITITVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED. SUCH EXCLUDED INFORMATION IS DENOTED BY ASTERISKS IN BRACKETS [**].
TENTH AMENDMENT TO THE AMENDED AND RESTATED
REVOLVING TRADE
RECEIVABLES PURCHASE AGREEMENT
MEMORANDUM OF AGREEMENT made as of the 23rd day of November, 2018.
BETWEEN:
(hereinafter referred to as the “Servicer”),
- and –
CELESTICA LLC,
CELESTICA HOLDINGS PTE LTD,
CELESTICA XXXXXXXX X.X. (SOCIEDAD UNIPERSONAL),
CELESTICA HONG KONG LTD.,
CELESTICA (ROMANIA) S.R.L.,
CELESTICA JAPAN KK,
CELESTICA OREGON LLC,
CELESTICA ELECTRONICS (M.) SDN.
BHD.,
CELESTICA IRELAND LIMITED
and
CELESTICA INTERNATIONAL LP
(hereinafter referred to collectively as the “Sellers”),
- and -
DEUTSCHE BANK (MALAYSIA) BERHAD
(hereinafter referred to as “Purchaser”, and together with Deutsche Bank, as the “Purchasers”)
- and -
DEUTSCHE BANK AG, NEW YORK BRANCH,
(hereinafter referred to as the “Administrative Agent” and “Deutsche Bank”).
WHEREAS the Sellers, the Servicer, the Purchasers and the Administrative Agent are parties to an Amended and Restated Revolving Trade Receivables Purchase Agreement, dated as of November 4, 2011, as amended by the First Amendment, dated as of November 19, 2012; by the Second Amendment, dated as of January 2, 2013; by the Third Amendment, dated as of November 21, 2013, by the Fourth Amendment, dated as of November 21, 2014, by the Fifth Amendment, dated as of November 23, 2015, by the Sixth Amendment, dated as of November 23, 2016, by the Seventh Amendment, dated as of October 6, 2017, by Eighth Amendment, dated as of November 22, 2017, and by Ninth
Amendment, dated as of March 9, 2018 (as so amended, the “Receivables Purchase Agreement”);
WHEREAS the Sellers, the Servicer, the Purchasers and the Administrative Agent now wish to further amend the Receivables Purchase Agreement by this Tenth Amendment to the Amended and Restated Revolving Trade Receivables Purchase Agreement (this “Amending Agreement”);
AND WHEREAS Section 9.1 of the Receivables Purchase Agreement permits written amendments thereto with the written consent of each of the Sellers, the Servicer, the Required Purchasers and the Administrative Agent;
NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises, covenants and agreements of the parties herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party, the parties hereby covenant and agree as follows:
1. Defined Terms: All capitalized terms and expressions used and not otherwise defined in this Amending Agreement including in the recitals hereto shall have the meanings specified in the Receivables Purchase Agreement.
2. Amendments of Definitions in Section 1.1:
(a) The definition of “Availability Termination Date” is amended and restated in its entirety as follows:
““Availability Termination Date”: the earlier of (i) the date that is the fourteenth anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).”
(b) A new definition of “Tenth Amendment” is hereby included in the correct alphabetical order:
““Tenth Amendment”: the Tenth Amendment to the Amended and Restated Revolving Trade Receivables Purchase Agreement, dated as of November 2018, by and among the Servicer, the Sellers, Deutsche Bank (Malaysia) Berhad and Deutsche Bank AG, New York Branch.”
3. Amendment to the Obligor Limits Schedule 1.2, “Eligible Buyers, Obligor Limits and Applicable Percentages” is deleted and replaced with Schedule 1.2 attached hereto.
4. Representations and Warranties To induce the Administrative Agent and the
Purchasers to enter into this Amending Agreement, the Guarantor and each of the Sellers hereby jointly and severally make the following representations and warranties (provided that Celestica Valencia and Celestica Romania shall only be responsible hereunder for its own representations and warranties):
(a) The Guarantor and each of the Sellers hereby represent and warrant as of the date of this Amending Agreement that no Termination Event or Incipient Termination Event has occurred and is continuing.
(b) The Guarantor and each of the Sellers hereby represent and warrant as of the date of this Amending Agreement and as of the Effective Date (as defined below) that the audited consolidated balance sheets of Celestica Canada and its consolidated Subsidiaries as of December 31, 2017, and the related statements of income and of cash flows of Celestica Canada for the fiscal year ended on such dates, present fairly in all material respects the consolidated financial condition of Celestica Canada and its consolidated Subsidiaries as at such date, and Celestica Canada’s consolidated results of operations and cash flows for the respective fiscal years then ended. All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP, applied consistently throughout the periods involved (except as approved by Celestica Canada’s accountants and disclosed therein).
(c) The Guarantor and each of the Sellers hereby represent and warrant as of the date of this Amending Agreement and as of the Effective Date (as defined below) that since the date of the most recent financial statements made available to the Administrative Agent and the Purchasers there has been no change, development or event that has had or could reasonably be expected to have a Material Adverse Effect.
5. Ratification Except for the specific changes and amendments to the Receivables Purchase Agreement contained herein, the Receivables Purchase Agreement and all related documents are in all other respects ratified and confirmed and the Receivables Purchase Agreement as amended hereby shall be read, taken and construed as one and the same instrument.
6. Counterparts This Amending Agreement may be executed by one or more of the parties to this Amending Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of this Amending Agreement signed by all the parties shall be lodged with the Servicer and the Administrative Agent.
7. Confirmation of Guarantee Guarantor hereby confirms and agrees that (i) the Guarantee is and shall continue to be in full force and effect and is otherwise hereby ratified and confirmed in all respects; and (ii) the Guarantee is and shall continue to be an unconditional and irrevocable guarantee of all of the Obligations (as defined in the Guarantee).
8. Further Assurances Each party shall, and hereby agrees to, acknowledge and deliver or cause to be done, executed, acknowledged and delivered, such further acts, deeds, mortgages, transfers and assurances as are reasonably required for the purpose of accomplishing and effecting the intention of this Amending Agreement.
9. Conditions to Effectiveness This Amending Agreement shall become effective (such date being the “Effective Date”) upon receipt by the Administrative Agent of counterparts (i) hereof, duly executed and delivered by each of the parties hereto and (ii) of the Fee Letter duly executed and delivered by Celestica Canada. The
Administrative Agent shall inform the Guarantor, the Sellers and the Purchasers of the occurrence of the Effective Date.
10. Successors and Assigns This Amending Agreement shall be binding upon and inure to the benefit of the Sellers, the Servicer, the Purchasers, the Administrative Agent, and their respective successors and permitted assigns.
11. Governing Law This Amending Agreement shall be governed and construed in accordance with the laws of the Province of Ontario.
[remainder of this page intentionally left blank]
Schedule 1.2
|
|
|
|
DB |
|
HSBC Canada |
|
Global |
|
|
|
Spread |
|
COMMITMENT |
|
COMMITMENT |
|
COMMITMENT |
|
Cisco Systems Inc |
|
[** |
] |
[** |
] |
|
|
[**] |
|
Google Inc |
|
[** |
] |
|
|
[** |
] |
[**] |
|
Honeywell International Inc |
|
[** |
] |
|
|
[** |
] |
[**] |
|
Honeywell Limited |
|
[** |
] |
|
|
[** |
] |
[**] |
|
IBM Corporation |
|
[** |
] |
[** |
] |
[** |
] |
[**] |
|
IBM Corporation Xxxxxxxx |
|
[** |
] |
|
|
[** |
] |
[**] |
|
Juniper Networks Inc |
|
[** |
] |
[** |
] |
|
|
[**] |
|
NEC Corporation |
|
[** |
] |
[** |
] |
|
|
[**] |
|
AMAT-VMO |
|
[** |
] |
[** |
] |
|
|
[**] |
|
Applied Materials SE Asia PTE |
|
[** |
] |
[** |
] |
|
|
[**] |
|
Orade America, INC. |
|
[** |
] |
[** |
] |
|
|
[**] |
|
Oracle CAPAC Service Ltd |
|
[** |
] |
[** |
] |
|
|
[**] |
|
Orade EMEA Ltd |
|
[** |
] |
[** |
] |
|
|
[**] |
|
IBM Manufacturing Solutions Pte Ltd |
|
[** |
] |
[** |
] |
|
|
[**] |
|
IBM Manufacturing Solutions Pte Ltd |
|
[** |
] |
|
|
[** |
] |
[**] |
|
GE Healthcare Austria GmbH & Co OG |
|
[** |
] |
[** |
] |
|
|
[**] |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
[** |
] |
[** |
] |
[**] |
|
[**] Certain confidential information contained in this document, marked with asterisks in brackets, has been omitted because it is both not material and would be likely to cause competitive harm to the Company if publicly disclosed.
IN WITNESS WHEREOF, the parties hereto have caused this Amending Agreement to be duly executed and delivered by their properly and duly authorized officers as of the day and year first above written.
|
CELESTICA INC., as Servicer and as Guarantor | |
|
|
|
|
By: |
/s/ Xxxxxxx Xxxxxx |
|
|
Name: Xxxxxxx Xxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA LLC | |
|
|
|
|
By: |
/s/ Xxxxxxx Xxxxxx |
|
|
Name: Xxxxxxx Xxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA HOLDINGS PTE LTD | |
|
|
|
|
By: |
/s/ Xxxxxxx Xx |
|
|
Name: Xxxxxxx Xx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA XXXXXXXX X.X. | |
|
(SOCIEDAD UNIPERSONAL) | |
|
|
|
|
By: |
/s/ Xxx Xxxxxxxxx |
|
|
Name: Xxxxxxx Xxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA HONG KONG LTD. | |
|
|
|
|
By: |
/s/ Xxxxxxx Xx |
|
|
Name: Xxxxxxx Xx |
|
|
Title: Authorized Signatory |
|
CELESTICA (ROMANIA) S.R.L. | |
|
|
|
|
By: |
/s/ Xxx Xxxxxxxxx |
|
|
Name: Xxx Xxxxxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA JAPAN KK | |
|
|
|
|
By: |
/s/ Xxxxxxx Xx |
|
|
Name: Xxxxxxx Xx |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA ELECTRONICS (M) SDN. BHD. | |
|
|
|
|
By: |
/s/ C.C. Yong |
|
|
Name: C.C. Yong |
|
|
Title: Authorized Signatory |
|
|
|
|
CELESTICA OREGON LLC | |
|
|
|
|
By: |
/s/ Xxxxxxx Xxxxxx |
|
|
Name: Xxxxxxx Xxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
|
|
|
CELESTICA IRELAND LIMITED | |
|
|
|
|
By: |
/s/ Xxxx Xxxxxxxx |
|
|
Name: Xxxx Xxxxxxxx |
|
|
Title: Authorized Signatory |
|
|
|
|
|
|
|
CELESTICA INTERNATIONAL LP, by its general partner, Celestica International GP Inc. | |
|
|
|
|
By: |
/s/ Xxxxxxx Xxxxxx |
|
|
Name: Xxxxxxx Xxxxxx |
|
|
Title: Authorized Signatory |
|
DEUTSCHE BANK (MALAYSIA) BERHAD, as Purchaser | |
|
|
|
|
|
|
|
By: |
/s/ Chin Xxxxx Xxxx |
|
|
Name: Chin Xxxxx Xxxx |
|
|
Title: Vice President |
|
|
Head of Trade Finance Malaysia |
|
|
|
|
By: |
/s/ Xxxxx Xxx |
|
|
Name: Xxxxx Xxx |
|
|
Title: Vice President |
|
|
|
|
|
|
|
DEUTSCHE BANK AG, NEW YORK BRANCH, as Administrative Agent and as Purchaser | |
|
|
|
|
|
|
|
By: |
/s/ Xxxxxx Xxxxxx |
|
|
Name: Xxxxxx Xxxxxx |
|
|
Title: Vice President |
|
|
|
|
By: |
/s/ Xxxxx Xxxx |
|
|
Name: Xxxxx Xxxx |
|
|
Title: Assistant Vice President |