To: Unicredit Bank AG Milan Branch (the "Agent")
To: Unicredit Bank AG Milan Branch (the "Agent")
From: Indesit Company S.p.A. (on behalf of each of the Borrowers and the Guarantor)
26 November, 2012
Dear Sirs,
EURO 400,000,000 facility agreement dated 29 July 2011 ("Facility Agreement") between, inter alia, Unicredit Bank AG Milan Branch as agent and Indesit Company S.p.A. as borrower and guarantor.
Terms defined in the Revolving Loan Facility Agreement shall have the same meaning in this letter
Further to our recent correspondence, we hereby confirm our agreement with respect to the following amendments to be made to the Facility Agreement for the purposes of correcting a manifest error:
Schedule 00 ( Xxxxxxxx Xxxxxxxxxxxx ) of the Facility Agreement shall be deleted and replaced in its entirety with Schedule 1 to this Letter.
All other clauses and conditions of the Facility Agreement remain unchanged.
This letter is a Finance Document for the purposes of the Facility Agreement and shall be governed by and construed in accordance with English law.
Delivery of an executed signature page to this letter by facsimile will be as effective as delivery of a manual executed signature page.
Please confirm your agreement to the foregoing by signing and then returning an original (or facsimile) of this letter to us.
Yours faithfully
/s/ Xxxxxxxxxx X’Xxxxxxx
For and on behalf of
Indesit Company S.p.A. (on behalf of each of the Borrowers and the Guarantor)
By: Xxxxxxxxxx X’Xxxxxxx For Acceptance
UniCredit Bank AF, Milan Branch
/s/ Stefano Xxxxxxxx, Xxxxxxxx Baschier
lndesit Company X.xX
Xxxxx Xxxxxxxx Xxxxxxx, 00 x 00000 Xxxxxxxx (XX) -
Xxxxxx Telephone (x00) 0000 0000 |
xxxxxxxxxxxxxx.xxx
Schedule 1 Existing Indebtedness | ||||||||||||||||
Subsidiaries (other than the Borrowers) | ||||||||||||||||
Indesit Company International Business SA | Indesit Company Beyaz Esya Sanayl ve Ticaret A.S. | Indesit Ukraine LLC | Indesit Company SpA | Indesit Company Luxembourg SA | Indesit Company France Sas | Group | ||||||||||
As of June 30, 2011 | ||||||||||||||||
Financial Indebtedness | -1.8 | -0.3 | -0.3 | -207.4 | -222.3 | -0.2 | -432.3 | |||||||||
a) | Moneys borrowed | -1.8 | -0.3 | -207.4 | -209.5 | |||||||||||
b) | The deferred purchase price | |||||||||||||||
c) | Any amount raised by acceptance under credit facility | |||||||||||||||
d) | Any amount raised pursuant to any note purchase facility or bonds… | -222.3 | -222.3 | |||||||||||||
e) | The amount of any liability in respect of any lease | -0.3 | -0.2 | -0.5 | ||||||||||||
f) | Receivable sold or discounted… | |||||||||||||||
g) | Any derivative instrument… | |||||||||||||||
h) | The net present value of the purchase price of property | |||||||||||||||
I) | Amounts drawn down under letters of credit or instruments… | |||||||||||||||
j) | Amount raised by the issue of redeemable shares | |||||||||||||||
k) | (without double counting) the amount of any liability… | |||||||||||||||
