Re: Termination of the Existing Facility
EXHIBIT 10.2
February 7, 2008
Re: | Termination of the Existing Facility |
Xxxxxxx Xxxxx Credit Partners L.P.,
as Agent under the Existing Facility
described below (the “Existing Facility Agent”)
as Agent under the Existing Facility
described below (the “Existing Facility Agent”)
JPMorgan Chase Bank, N.A.,
as Agent under the New Credit
Facility described below (the “New Facility Agent”)
Ladies and Gentlemen:
as Agent under the New Credit
Facility described below (the “New Facility Agent”)
Ladies and Gentlemen:
Reference is made to the $1,250,000,000 Credit Agreement, dated as of August 30, 2007, among
Western Digital Technologies, Inc. (the “Company”), the lenders, agents and arrangers from
time to time party thereto and Xxxxxxx Xxxxx Credit Partners L.P., as administrative agent (the
“Existing Facility”).
The Company hereby advises the New Facility Agent and the Existing Facility Agent that the
Company expects to establish and cause to become effective on or about February 11, 2008 a new
credit facility with JPMorgan Chase Bank, N.A. as administrative agent (the “New Credit
Facility”), the effectiveness of which is conditioned upon the repayment of the loans and the
termination of the commitments under the Existing Facility.
Pursuant to Sections 2.04 and 2.09 of the Existing Facility, the Company hereby gives the
Existing Facility Agent notice that, concurrently with, and conditioned upon, the effectiveness of
the New Credit Facility, the commitments under the Existing Facility shall be terminated and all
amounts owing by the Company under the Existing Facility shall be paid in full.
[signature follows]
Sincerely,
WESTERN DIGITAL TECHNOLOGIES, INC. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Executive V.P. and CFO | |||