SECOND AMENDMENT AGREEMENT
Exhibit 10.1
EXECUTION COPY
This SECOND AMENDMENT AGREEMENT, dated as of March 31, 2014 (this “Amendment Agreement”), is entered into by and among ACTAVIS CAPITAL S.À X.X. (f/k/a ACTAVIS WC HOLDING S.À X.X.), a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg having its registered office at 00X, xxxxxx X.X. Xxxxxxx, X-0000 Xxxxxxxxxx, registered with the Luxembourg Registrar of Commerce and Companies under number B 178.410 (the “Borrower”), ACTAVIS, INC., a Nevada corporation (“Actavis”), ACTAVIS PLC, a public limited company organized under the Laws of Ireland (“Parent”), the Lenders under the Existing Term Loan Credit Agreement (as defined below) that are party hereto (such Lenders, the “Consenting Lenders”, and together with the other Lenders, if any, under the Existing Term Loan Credit Agreement that are not party hereto, the “Existing Lenders”) and Tranche A-2 Lenders (as defined below) party hereto that are not Existing Lenders, and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”).
PRELIMINARY STATEMENTS:
(1) The Borrower, Actavis, Parent, the Existing Lenders, the Administrative Agent and the other entities party thereto entered into that certain Amended and Restated Actavis Term Loan and Guaranty Credit Agreement, dated as of October 1, 2013 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Term Loan Credit Agreement”);
(2) The Borrower, Actavis and Parent have requested to amend and restate the Existing Term Loan Credit Agreement in the form of the Second Amended and Restated Actavis Term Loan Credit and Guaranty Agreement attached as Annex A hereto (the “Second Amended ACT Term Loan Credit Agreement”);
(3) Pursuant to Section 11.01 of the Existing Term Loan Credit Agreement, the amendments contemplated by the Second Amended ACT Term Loan Credit Agreement, other than with respect to the Tranche A-2 Commitments and Tranche A-2 Loans (as such terms are defined in the Second Amended ACT Term Loan Credit Agreement), require the consent of the Required Lenders, and the amendments contemplated by the Second Amended ACT Term Loan Credit Agreement with respect to the Tranche A-2 Commitments and Tranche A-2 Loans require the consent of each Tranche A-2 Lender (as defined in the Second Amended ACT Term Loan Credit Agreement);
(4) The Consenting Lenders, the Tranche A-2 Lenders and the Administrative Agent are willing to amend the Existing Term Loan Credit Agreement (including all exhibits and schedules thereto) in the form of the Second Amended ACT Term Loan Credit Agreement upon the terms and conditions set forth herein; and
(5) In accordance with Section 11.01 of the Existing Term Loan Credit Agreement, the Administrative Agent, the Consenting Lenders, the Tranche A-2 Lenders, the Borrower, Actavis and Parent have each agreed, subject to the terms and conditions stated below, to the transactions described herein.
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NOW, THEREFORE, in consideration of the premises and in order to induce the parties hereto to enter into the transactions described herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Administrative Agent, the Consenting Lenders, the Tranche A-2 Lenders, the Borrower, Actavis and Parent, hereby agree as follows:
SECTION 1. Definitions. All capitalized terms not otherwise defined herein shall have the meanings attributed thereto in the Existing Term Loan Credit Agreement.
SECTION 2. Amendment and Restatement of the Existing Term Loan Credit Agreement. The Administrative Agent, each Consenting Lender, each Tranche A-2 Lender, the Borrower, Actavis and Parent hereby agree that, subject solely to satisfaction (or waiver) of the conditions precedent set forth in Section 3 of this Amendment Agreement, the Existing Term Loan Credit Agreement is amended and restated in full as set forth in the form of Second Amended ACT Term Loan Credit Agreement and shall be replaced and superseded in all respects by the terms and provisions of the Second Amended ACT Term Loan Credit Agreement.
SECTION 3. Conditions of Effectiveness. This Amendment Agreement, the amendment and restatement of the Existing Credit Agreement in the form of the Second Amended ACT Term Loan Credit Agreement and the commitment of each Tranche A-2 Lender thereunder shall become effective upon receipt by the Administrative Agent of executed counterparts of this Amendment Agreement by a Responsible Officer of each the Borrower, Actavis and Parent, and a duly authorized officer of (x) the Administrative Agent, (y) the Consenting Lenders constituting at least the Required Lenders under the Existing Term Loan Credit Agreement and (z) each of the Tranche A-2 Lenders.
Upon such effectiveness, this Amendment Agreement and the Second Amended ACT Term Loan Credit Agreement shall be a binding agreement between the parties hereto and thereto. The Administrative Agent shall promptly notify the Parent and the Lenders of the Second Restatement Effective Date (as defined in in the Second Amended ACT Term Loan Credit Agreement) in writing, and such notice shall be conclusive and binding.
SECTION 4. Representations and Warranties. Each of the Borrower, Actavis and Parent hereby represents and warrants, on and as of the date hereof, that (i) the execution, delivery and performance by it of this Amendment Agreement has been duly authorized by all necessary corporate action, and (ii) this Amendment Agreement has been duly executed and delivered by it and constitutes a legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to Debtor Relief Laws and the effect of general principals of equity, whether applied by a court of law or equity.
SECTION 5. Execution in Counterparts. This Amendment Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery by facsimile or other form of written electronic communication of an executed counterpart of a signature page to this Amendment Agreement shall be effective as delivery of an original executed counterpart of this Amendment Agreement.
SECTION 6. Governing Law. This Amendment Agreement will be governed by, and construed in accordance with, the law of the State of New York.
SECTION 7. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
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THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
SECTION 8. Jurisdiction; Consent to Service of Process.
(a) Each party hereto irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any other party hereto or any related party of the foregoing in any way relating to this Amendment Agreement or the transactions relating hereto, in any forum other than the courts of the state of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in and such New York State Court or, to the fullest extent permitted by applicable Law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Nothing in this Amendment Agreement will affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Amendment Agreement or any of the transactions contemplated hereby against the Company or its properties in the courts of any jurisdiction for the purpose of enforcement of a judgment.
(b) Each party hereto irrevocably and unconditionally waives, to the fullest extent permitted by applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Amendment Agreement or any of the transactions contemplated hereby in any court referred to in Section 8(a) above. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.
[Remainder of Page Intentionally Left Blank]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to be duly executed by their respective authorized officers as of the day and year first written above.
ACTAVIS CAPITAL S.À X.X. | ||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Manager | |||
ACTAVIS, INC. | ||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Chief Legal Officer | |||
ACTAVIS PLC | ||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Chief Legal Officer |
Signature Page to Term Loan Amendment Agreement
BANK OF AMERICA, N.A., | ||
as Administrative Agent | ||
By: | /s/ Xxxxxx Xxxxxxxxxxx | |
Name: | Xxxxxx Xxxxxxxxxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
BANK OF AMERICA, N.A., | ||
as Consenting Lender | ||
By: | /s/ Xxxxxx Xxxxxxx | |
Name: | Xxxxxx XxXxxxx | |
Title: | Director |
Signature Page to Actavis Term Loan Amendment Agreement
Mizuho Rank, Ltd., | ||
as Syndication Agent for Tranche A-2 and Consenting Lender | ||
By | /s/ Xxxxxxx X. Xxxx | |
Name: | Xxxxxxx X. Xxxx | |
Title: | Authorized Signatory |
Signature Page to Actavis Term Loan Amendment Agreement
XXXXX FARGO BANK, NATIONAL ASSOCIATION, | ||
as Consenting Lender | ||
By | /s/ Xxxx Xxxxx | |
Name: | Xxxx Xxxxx | |
Title: | Director |
Signature Page to Actavis Term Loan Amendment Agreement
The Bank of Tokyo-Mitsubishi UFJ, Ltd. | ||
as Consenting Lender | ||
By | /s/ Xxxxx Xxxxxxx | |
Name: | Xxxxx Xxxxxxx | |
Title: | VP |
Signature Page to Actavis Term Loan Amendment Agreement
HSBC Bank USA, National Association | ||
as Consenting Lender | ||
By | /s/ Xxxxxx Xxxxxxx | |
Name: | Xxxxxx Xxxxxxx | |
Title: | Senior Relationship Manager |
Signature Page to Actavis Term Loan Amendment Agreement
SUMITOMO MITSUI BANKING CORPORATION, | ||
as Consenting Lender | ||
By | /s/ Xxxxx X. Xxx | |
Name: | Xxxxx X. Xxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
The Royal Bank of Scotland plc | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx XxXxxxx | |
Name: | Xxxxxxx XxXxxxx | |
Title: | Director |
Signature Page to Actavis Term Loan Amendment Agreement
DNB CAPITAL LLC | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx Xx | |
Name: | Xxxxxxx Xx | |
Title: | First Vice President | |
By | /s/ Xxxx Xxxxxxxxxx | |
Name: | Xxxx Xxxxxxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Lloyds Bank plc, | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx Xxxxxxxxx | |
Name: | Xxxxxxx Xxxxxxxxx | |
Title: | Assistant Vice President G011 | |
By | /s/ Xxxxx X. Xxxxxxxx | |
Name: | Xxxxx X. Xxxxxxxx | |
Title: | Vice President F011 |
Signature Page to Actavis Term Loan Amendment Agreement
TD Bank, N.A., | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx Xxxxxxx | |
Name: | Xxxxxxx Xxxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Santander Bank, N.A. | ||
as Consenting Lender | ||
By | /s/ Xxxx X. Xxxxxx | |
Name: | Xxxx X. Xxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
US BANK, NATIONAL ASSOCIATION, | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx Xxxx | |
Name: | Xxxxxxx Xxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
THE METROPOLITAN LIFE INSURANCE COMPANY, | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx X. XxXxxxxx | |
Name: | Xxxxxxx X. XxXxxxxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
FirstMerit Bank, N.A., | ||
as Consenting Lender | ||
By | /s/ Xxx Xxxxxxx | |
Name: | Xxx Xxxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
MANUFACTURERS BANK, | ||
as Consenting Lender | ||
By | /s/ Xxxx Xxxxxx | |
Name: | Xxxx Xxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Sabadell United Bank N.A., | ||
as Consenting Lender | ||
By: | /s/ Xxxxxxx Xxxxx | |
Name: | Xxxxxxx Xxxxx | |
Title: | EVP- Corporate & Commercial Banking |
Signature Page to Actavis Term Loan Amendment Agreement
City National Bank, na | ||
as Consenting Lender | ||
By | /s/ Xxxxxxx Xxxx | |
Name: | Xxxxxxx Xxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
BARCLAYS BANK PLC, | ||
as Tranche A-2 Lender | ||
By | /s/ Xxxxx Xxxxxx | |
Name: | Xxxxx Xxxxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Citibank, N.A. | ||
as Tranche A-2 Lender | ||
By | /s/ Xxxxx XxXxxxx | |
Name: | Xxxxx XxXxxxx | |
Title: | Vice President (Managing Director) |
Signature Page to Actavis Term Loan Amendment Agreement
DEUTSCHE BANK AG NEW YORK BRANCH, | ||
as Tranche A-2 Lender | ||
By | /s/ Xxxx X. Xxx | |
Name: | Xxxx X. Xxx | |
Title: | Vice President | |
By | /s/ Xxxxxxxx Xxxxxxx | |
Name: | Xxxxxxxx Xxxxxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
FIFTH THIRD BANK, | ||
as Tranche A-2 Lender | ||
By | /s/ Xxxx X. XxXxxx | |
Name: | Xxxx X. XxXxxx | |
Title: | Relationship Manager |
Signature Page to Actavis Term Loan Amendment Agreement
PNC Bank, National Association | ||
as Tranche A-2 Lender | ||
By | /s/ Xxxxxxx Xxxxxxx | |
Name: | Xxxxxxx Xxxxxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Compass Bank, as Tranche A-2 Lender | ||
By | /s/ Xxxxxxx Xxxxx | |
Name: | Xxxxxxx Xxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
THE BANK OF NOVA SCOTIA, as Tranche A-2 Lender | ||
By | /s/ Xxxxxxxx X. Xxxxxxxx | |
Name: | Xxxxxxxx X. Xxxxxxxx | |
Title: | Director and Execution Head |
Signature Page to Actavis Term Loan Amendment Agreement
The Governor and Company of the Bank of Ireland as Tranche A-2 Lender | ||
By | /s/ Xxxxx Xxxxxxx | |
Name: | Xxxxx Xxxxxxx | |
Title: | Authorized Signatory | |
By | /s/ Xxxxx Xxxxx | |
Name: | Xxxxx Xxxxx | |
Title: | Director |
Signature Page to Actavis Term Loan Amendment Agreement
ASSOCIATED BANK, N.A., as Tranche A-21 Lender | ||
By | /s/ Xxxxx X. Xxxxx | |
Name: | Xxxxx X. Xxxxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
XXXXXXX XXXXX BANK, NA., as Tranche A-2 Lender | ||
By | /s/ Xxxxxxxxx X. Xxxx | |
Name: | Xxxxxxxxx X. Xxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
STATE BANK OF INDIA, LOS ANGELES AGENCY, as Tranche A-2 Lender | ||
By | /s/ Xxxxxxxxxxxxx Xxxxx | |
Name: | Xxxxxxxxxxxxx Xxxxx | |
Title: | VP & Head (Syndications) |
Signature Page to Actavis Term Loan Amendment Agreement
THE NORTHERN TRUST COMPANY, as Tranche A-2 Lender | ||
By | /s/ Xxxxxx Xxxxx | |
Name: | Xxxxxx Xxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
CRÉDIT INDUSTRIEL ET COMMERCIAL, as Tranche A-2 Lender | ||
By | /s/ Xxxxxx Xxxxxx | |
Name: | Xxxxxx Xxxxxx | |
Title: | Managing Director | |
By | /s/ Xxxxxxxx Xxxxxxxx | |
Name: | Xxxxxxxx Xxxxxxxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
METLIFE REINSURANCE COMPANY OF SOUTH CAROLINA, as Tranche A-2 Lender | ||
By | /s/ Xxxxxxx X. XxXxxxxx | |
Name: | Xxxxxxx X. XxXxxxxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
BNP PARIBAS, as Tranche A-2 Lender | ||
By | /s/ Xxxxxx-Xxxxxx Xxxxx | |
Name: | Xxxxxx-Xxxxxx Xxxxx | |
Title: | Managing Director | |
By | /s/ Xxxxxxxx Xxxxxxxx | |
Name: | Xxxxxxxx Xxxxxxxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
First Commercial Bank, New York Branch as Tranche A-2 Lender | ||
By | /s/ Xxxxx Xxx | |
Name: | Xxxxx Xxx | |
Title: | VP & General Manager |
Signature Page to Actavis Term Loan Amendment Agreement
FIRST HAWAIIAN BANK, as Tranche A-2 Lender | ||
By | /s/ Jan M. Xxx | |
Name: | Jan M. Xxx | |
Title: | Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
BANK OF THE WEST as Tranche A-2 Lender | ||
By | /s/ Xxxxxxxxx Xxxxxxxxxx | |
Name: | Xxxxxxxxx Xxxxxxxxxx | |
Title: | Senior Vice President |
Signature Page to Actavis Term Loan Amendment Agreement
Credit Agricole Corporate and Investment Bank, as Tranche A-2 Lender | ||
By | /s/ Xxx Xxxxx | |
Name: | Xxx Xxxxx | |
Title: | Managing Director | |
By | /s/ Xxxx Xxxxx | |
Name: | Xxxx Xxxxx | |
Title: | Director |
Signature Page to Actavis Term Loan Amendment Agreement
METROPOLITAN TOWER LIFE INSURANCE COMPANY, as Tranche A-2 Lender | ||
By | /s/ Xxxxxxx X. XxXxxxxx | |
Name: | Xxxxxxx X. XxXxxxxx | |
Title: | Managing Director |
Signature Page to Actavis Term Loan Amendment Agreement
Annex A
[Form of Second Amended ACT Term Loan Credit Agreement]
See attached.