JPMORGAN CHASE BANK, N.A. 383 Madison Avenue New York, New York 10179
Exhibit 10.2
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JPMORGAN CHASE BANK, N.A.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
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July 18, 2019
Xxx Xxx Xxxxxxx Xxxx
Xxxxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxx
Ladies and Gentlemen:
Reference is made to (i) the Amended and Restated Three-Year Credit Agreement, dated as of July 19, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among
International Business Machines Corporation, a New York corporation (“IBM”), and its Subsidiary IBM Credit LLC, the Lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and the other agents named therein and (ii) the
Extension Request, dated as of July 11, 2019 (the “Extension Request”), delivered by IBM to the Administrative Agent pursuant to Section 2.21(a) of the Credit Agreement. Capitalized terms used but not defined herein are used with the meanings
assigned to them in the Credit Agreement.
We hereby confirm that, prior to the Extension Request Deadline specified in the Extension Request, we have received executed consents to the extension of the Termination Date requested in the Extension Request from each
of the Lenders listed on Schedule 1 hereto extending the Termination Date with respect to the Revolving Credit Commitments of such consenting Lenders to July 20, 2022. Also listed on Schedule 1 are each Lender’s respective Revolving
Credit Commitment under the Credit Agreement as of the date hereof.
| Very truly yours, | ||||
| JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
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By:
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/s/ Xxxxxxxxx Xxxxx Xxxxx |
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| Name: | Inderject Xxxxx Xxxxx |
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| Title: | Vice President |
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Schedule 1
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Lender
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Revolving Credit
Commitment
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1.
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JPMorgan Chase Bank, N.A.
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$145,000,000
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2.
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BNP Paribas
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$145,000,000
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3.
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Citibank, N.A.
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$145,000,000
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4.
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Royal Bank of Canada
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$145,000,000
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5.
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Mizuho Bank, Ltd.
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$110,000,000
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6.
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Bank of America, N.A.
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$100,000,000
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7.
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Barclays Bank PLC
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$100,000,000
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8.
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Deutsche Bank AG New York Branch
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$100,000,000
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9.
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HSBC Bank USA N.A.
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$100,000,000
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10.
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Xxxxx Fargo Bank, N.A.
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$100,000,000
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11.
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Societe Generale
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$100,000,000
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12.
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Banco Santander, S.A.
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$100,000,000
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13.
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MUFG Bank, Ltd.
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$100,000,000
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14.
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Commerzbank AG, New York Branch
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$75,000,000
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15.
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Credit Suisse, Cayman Islands Branch
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$75,000,000
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16.
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Xxxxxxx Sachs Bank USA
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$75,000,000
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17.
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ING Bank N.V., Dublin Branch
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$75,000,000
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18.
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Sumitomo Mitsui Banking Corporation
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$75,000,000
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|
19.
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Toronto Dominion (New York) LLC
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$75,000,000
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20.
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U.S. Bank National Association
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$75,000,000
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21.
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UniCredit Bank AG, New York Branch
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$75,000,000
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22.
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Bank of China, New York Branch
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$45,000,000
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23.
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Australia and New Zealand Banking Group Limited
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$45,000,000
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24.
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DBS Bank Ltd.
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$45,000,000
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25.
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Standard Chartered Bank
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$45,000,000
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26.
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The Bank of Nova Scotia
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$45,000,000
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27.
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PNC Bank, National Association
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$45,000,000
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28.
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Banco Bilbao Vizcaya Argentaria, S.A., New York Branch
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$20,000,000
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29.
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Banco Bradesco S.A., New York Branch
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$20,000,000
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30.
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Canadian Imperial Bank of Commerce, New York Branch
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$20,000,000
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31.
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Danske Bank A/S
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$20,000,000
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32.
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Lloyds Bank Corporate Markets plc
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$20,000,000
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33.
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The Northern Trust Company
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$20,000,000
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34.
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Raiffeisen Bank International AG
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$20,000,000
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35.
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Total:
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$2,500,000,000
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