SIXTH SUPPLEMENTAL INDENTURE
Exhibit 4.1
SIXTH SUPPLEMENTAL INDENTURE
SIXTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of September 11, 2018, among DCR Storage and Loading LLC, a Delaware limited liability company, Chalmette Logistics Company LLC, a Delaware limited liability company, Toledo Rail Logistics Company LLC, a Delaware limited liability company and Paulsboro Terminaling Company LLC, a Delaware limited liability company (each a “Guaranteeing Subsidiary” and together, the “Guaranteeing Subsidiaries”), PBF Logistics LP, a Delaware limited partnership (“PBFX”), PBF Logistics Finance Corporation, a Delaware corporation (together with PBFX, the “Issuers”), and Deutsche Bank Trust Company Americas, as trustee under the Indenture referred to below (the “Trustee”).
WITNESSETH
WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture dated as of May 12, 2015 (as amended from time to time, the “Indenture”), providing for the issuance of 6.875% Senior Notes due 2023 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which each Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Subsidiary Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
l. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. Each Guaranteeing Subsidiary acknowledges that it has received and reviewed a copy of the Indenture and all other documents it deems necessary to review in order to enter into this Supplemental Indenture, and acknowledges and agrees to (i) join and become a party to the Indenture as indicated by its signature below; (ii) be bound by the Indenture, as of the date hereof, as if made by, and with respect to, each signatory hereto; and (iii) perform all obligations and duties required of a Subsidiary Guarantor pursuant to the Indenture. Each Guaranteeing Subsidiary hereby agrees to provide an unconditional Note Subsidiary Guarantee on the terms and subject to the conditions set forth in the Indenture, including, but not limited to, Article 10 thereof.
KL2 3090238.2
3. EXECUTION AND DELIVERY. Each Guaranteeing Subsidiary agrees that the Note Subsidiary Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Note Subsidiary Guarantee on the Notes.
4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of each Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiary under the Notes, any Note Subsidiary Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
5. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.
6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmissions shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.
7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by each Guaranteeing Subsidiary and the Issuers.
9. BENEFITS ACKNOWLEDGED. Each Guaranteeing Subsidiary’s Note Subsidiary Guarantee is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it pursuant to its Note Subsidiary Guarantee are knowingly made in contemplation of such benefits.
10. SUCCESSORS. All agreements of each Guaranteeing Subsidiary in this Supplemental Indenture shall bind its successors, except as otherwise provided in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors.
2
KL2 3090238.2
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
GUARANTEEING SUBSIDIARY: | |||||
DCR STORAGE AND LOADING LLC | |||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
GUARANTEEING SUBSIDIARY: | |||||
CHALMETTE LOGISTICS COMPANY LLC | |||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
GUARANTEEING SUBSIDIARY: | |||||
TOLEDO RAIL LOGISTICS COMPANY LLC | |||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
KL2 3090238.2
GUARANTEEING SUBSIDIARY: | |||||
PAULSBORO TERMINALING COMPANY LLC | |||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
ISSUERS: | |||||
By: | PBF Logistics GP LLC, its general partner | ||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
PBF LOGISTICS FINANCE CORPORATION | |||||
By: | /s/ Xxxxxx Xxxxx | ||||
Name: Xxxxxx Canty Title: Senior Vice President, General Counsel and Secretary | |||||
KL2 3090238.2
TRUSTEE: | |||||
DEUTSCHE BANK TRUST COMPANY AMERICAS, | |||||
as Trustee | |||||
By: | Deutsche Bank National Trust Company | ||||
By: | /s/ Xxxxx Xxxxxxxxxxxx | ||||
Name: Irina Golovashchuk Title: Vice President | |||||
By: | /s/ Xxxxx Xxxxx | ||||
Name: Xxxxx Niesz Title: Vice President |
KL2 3090238.2