Contract
EXECUTION VERSION
FIRST AMENDMENT, dated as of May 5, 2015 (this “Amendment”), to the THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 29, 2015 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among HANESBRANDS INC., a Maryland corporation (the “Parent Borrower”), MFB INTERNATIONAL HOLDINGS S.À X.X., a société à responsabilité limitée, incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 00, xxx xx Xxxxx Xxxxxx, X-0000 Xxxxxxxxx and registered with the Luxembourg Trade and Companies Register under number B 182.082 (the “Lux Borrower”, and together with the Parent Borrower, the “Borrowers”), the Lenders party thereto, Branch Banking & Trust Company and SunTrust Bank, as the Co-Documentation Agents, Barclays Bank PLC, HSBC Securities (USA) Inc., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and PNC Bank, National Association, as the Co-Syndication Agents, JPMORGAN CHASE BANK, N.A., as the Administrative Agent and the Collateral Agent (the “Administrative Agent”), and X.X. Xxxxxx Securities LLC, Barclays Bank PLC, HSBC Securities (USA) Inc., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and PNC Capital Markets LLC, as the Joint Lead Arrangers and Joint Bookrunners.
W I T N E S S E T H :
WHEREAS, the Borrowers have requested that the Credit Agreement be amended to amend the definition of “Interest Period” in Section 1.1 of the Credit Agreement;
WHEREAS, the Required Lenders are willing to agree to this Amendment on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, pursuant to Section 10.1 of the Credit Agreement the parties hereto hereby agree as follows:
Section 1.DEFINITIONS.
1.1 Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein.
SECTION 2. AMENDMENT PURSUANT TO SECTION 10.1.
2.1 Amendment of the Definition of “Interest Period”. The definition of “Interest Period” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“Interest Period” means, relative to any LIBO Rate Loan or EURIBOR Rate Loan, the period beginning on (and including) the date on which such Loan is made or continued as, or (if applicable) converted into, a LIBO Rate Loan or EURIBOR Rate Loan pursuant to Sections 2.3 or 2.4 and shall end on (but exclude) (i) the day which numerically corresponds to such date one, two, three or six months and, if agreed by all affected Lenders, twelve months thereafter (or, if any such month has no numerically corresponding day, on the last Business Day of such month) or (ii) any other day as agreed to by all affected Lenders, as the applicable Borrower may select in its relevant notice pursuant to Sections 2.3 or 2.4; provided that,
(a) the Borrowers shall not be permitted to select Interest Periods to be in effect at any one time which have expiration dates occurring on more than twelve different dates; and
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(b) if such Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business Day next preceding such numerically corresponding day).”
2.2 Conditions to Effectiveness of Amendment. This Amendment shall become effective on the date on which the Administrative Agent shall have received this Amendment, executed and delivered by the Borrowers and the Required Lenders.
2.3 Continuing Effect; No Other Waivers or Amendments. This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Loan Documents not expressly referred to herein and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrowers that would require an amendment, waiver or consent of the Administrative Agent, the Collateral Agent or the Lenders except as expressly stated herein. Except as expressly amended, consented to or waived hereby, the provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect in accordance with their terms.
2.4 Loan Documents. This Amendment shall constitute a “Loan Document” for all purposes under the Credit Agreement and the other Loan Documents. Each Loan Party executing this Amendment confirms and agrees that notwithstanding the effectiveness of this Amendment, each Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, in each case as amended by this Amendment.
2.5 Counterparts. This Amendment may be executed in any number of separate counterparts by the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.
2.6 GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.
as Parent Borrower | ||
By | /s/ Xxxxxx X. Xxxx | |
Name: Xxxxxx X. Xxxx | ||
Title: Treasurer | ||
MFB INTERNATIONAL HOLDINGS S.A.R.L., | ||
as Lux Borrower | ||
By | /s/ Xxxxxx X. Xxxx | |
Name: Xxxxxx X. Xxxx | ||
Title: Category A Manager | ||
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JPMORGAN CHASE BANK, N.A., as | ||
Administrative Agent and Lender | ||
By: | /s/ Xxxxx X. Xxxxxx | |
Name: Xxxxx X. Xxxxxx | ||
Title: Vice President | ||
Barclays Bank PLC, | ||
as a Lender | ||
By: | /s/ Xxxxxx Xxxxx | |
Name: Xxxxxx Xxxxx | ||
Title: Vice President | ||
Bank of America, N.A., | ||
as a Lender | ||
By: | /s/ Xxxxx XxXxxxxx | |
Name: Xxxxx XxXxxxxx | ||
Title: Senior Vice President | ||
HSBC Bank USA, National Association, | ||
as a Lender | ||
By: | /s/ Xxxxxxxxx Xxxx | |
Name: Xxxxxxxxx Xxxx | ||
Title: Vice President | ||
PNC BANK, NATIONAL ASSOCIATION, | ||
as a Lender | ||
By: | /s/ Xxxxxxx X. Xxxxxx | |
Name: Xxxxxxx X. Xxxxxx | ||
Title: Senior Vice President | ||
Branch Banking and Trust Company, | ||
as a Lender | ||
By: | /s/ Xxxxx Xxxxxxx | |
Name: Xxxxx Xxxxxxx | ||
Title: Banking Officer | ||
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SunTrust Bank, | ||
as a Lender | ||
By: | /s/ Xxxxxx X. Xxxxxxx | |
Name: Xxxxxx X. Xxxxxxx | ||
Title: Vice President | ||
FIFTH THIRD BANK, an Ohio Banking | ||
Corporation, as a Lender | ||
By: | /s/ Xxxx Xxxxxx | |
Name: Xxxx Xxxxxx | ||
Title: Vice President | ||
The Bank of Nova Scotia, | ||
as a Lender | ||
By: | /s/ Xxxxxxxx Saishio | |
Name: Xxxxxxxx Saishio | ||
Title: Director | ||
XXXXXXX XXXXX BANK USA, | ||
as a Lender | ||
By: | /s/ Xxxxx Xxxxxxx | |
Name: Xxxxx Xxxxxxx | ||
Title: Authorized Signatory | ||
REGIONS BANK, | ||
as a Lender | ||
By: | /s/ Brand Xxxxxxx | |
Name: Brand Xxxxxxx | ||
Title: Vice President | ||
Northern Trust Company, | ||
as a Lender | ||
By: | /s/ Xxxx Xxxxx | |
Name: Xxxx Xxxxx | ||
Title: Senior Vice President | ||
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Citizens Bank of Pennsylvania, | ||
as a Lender | ||
By: | /s/ A. Xxxx Xxxxxx | |
Name: A. Xxxx Xxxxxx | ||
Title: Vice President | ||
U.S. Bank National Association, | ||
as a Lender | ||
By: | /s/ Xxxx X. Xxxxxxx | |
Name: Xxxx X. Xxxxxxx | ||
Title: Vice President | ||
The Bank of Tokyo-Mitsubishi UFJ, Ltd., | ||
as a Lender | ||
By: | /s/ Xxxxxxxx Xxxxx | |
Name: Xxxxxxxx Xxxxx | ||
Title: Vice-President | ||
Xxxxxxx Sachs Bank USA, | ||
as a Lender | ||
By: | /s/ Xxx Xxx | |
Name: Xxx Xxx | ||
Title: Authorized Signatory | ||
CABS: 670349 | ||
5th May 2015 | ||
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