FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
Exhibit 99.4
This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is
effective as of April 28, 2008 by and among GENERAL CABLE INDUSTRIES, INC., a Delaware corporation
(“Borrower”), the Guarantors (such term and each other capitalized term used but not defined herein
having the meaning given to it in Article I of the Credit Agreement referenced below), the Lenders
signatory hereto, and GE BUSINESS FINANCIAL SERVICES INC. (formerly known as Xxxxxxx Xxxxx Business
Financial Services Inc.), as administrative agent (the “Administrative Agent”) for the Lenders and
as collateral agent and security trustee (the “Collateral Agent”; and together with the
Administrative Agent, the “Agents”) for the Secured Parties.
RECITALS
WHEREAS, Borrower, Guarantors, the Administrative Agent, the Collateral Agent and Lenders
entered into that certain Third Amended and Restated Credit Agreement dated as of October 31, 2007
(as amended, supplemented, restated or otherwise modified from time to time, the “Credit
Agreement”);
WHEREAS, the parties to the Credit Agreement have agreed to amend the Credit Agreement, all as
set forth herein.
NOW THEREFORE, in consideration of the foregoing recitals, mutual agreements contained herein
and for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Agents, Lenders, Borrower and the other Loan Parties agree as follows:
Section 1. Amendments. The Credit Agreement is hereby amended as follows:
1.1 Definition of the term “Issuing Bank” is amended and restated to read in its entirety as
follows:
“Issuing Bank” shall mean, as the context may require, (a) Xxxxxxx Xxxxx Bank with respect
to Letters of Credit issued by it, (b) General Electric Capital Corporation, a Delaware
corporation, or a Subsidiary thereof or, with the consent of the Borrower, which consent
shall not be unreasonably withheld or delayed, a bank or other legally authorized Person
selected by or acceptable to Administrative Agent in its sole discretion, in such Person’s
capacity as an issuer of Letters of Credit hereunder (including, without limitation, with
respect to Letters of Credit issued by such Persons prior to the First Amendment Date), (c)
any other Lender that may become an Issuing Bank pursuant to Section 2.18(i), with respect
to Letters of Credit issued by such Lender; or (d) collectively, all of the foregoing,
and/or individually, any of the foregoing, as applicable.
1.2 The following defined term is added to Article I of the Credit Agreement in its proper
alphabetical order:
“First Amendment Date” shall mean April 28, 2008.
Section 2. Conditions to Effectiveness. This Amendment shall be effective on the date this
Amendment shall have been executed and delivered by the Required Lenders and the Loan Parties.
Section 3. Representations and Warranties of Loan Parties.
3.1 The execution, delivery and performance by each Loan Party of this Amendment has been duly
authorized by all necessary corporate action and this Amendment is a legal, valid and binding
obligation of such Loan Party enforceable against such Loan Party in accordance with its terms,
except as the enforcement thereof may be subject to (i) the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and
(ii) general principles of equity (regardless of whether such enforcement is sought in a proceeding
in equity or at law);
3.2 Each of the representations and warranties contained in the Credit Agreement is true and
correct in all material respects on and as of the date hereof as if made on the date hereof, except
to the extent that such representations and warranties expressly relate to an earlier date; and
3.3 Neither the execution, delivery and performance of this Amendment by each Loan Party nor
the consummation of the transactions contemplated hereby does or shall contravene, result in a
breach of, or violate (i) any provision of such Loan Party’s certificate or articles of
incorporation or bylaws, (ii) any law or regulation, or any order or decree of any court or
government instrumentality, or (iii) any indenture, mortgage, deed of trust, lease, agreement or
other instrument to which such Loan Party or any of its Subsidiaries is a party or by which such
Loan Party or any of its Subsidiaries or any of their property is bound, except in any such case to
the extent such conflict or breach has been waived by a written waiver document, a copy of which
has been delivered to the Agents on or before the date hereof.
Section 4. Reference to and Effect upon the Credit Agreement.
4.1 Except as specifically set forth above, the Credit Agreement and the other Loan Documents
shall remain in full force and effect and are hereby ratified and confirmed.
4.2 The execution, delivery and effectiveness of this Amendment shall not operate as a waiver
of any right, power or remedy of any Agent or any Lender under the Credit Agreement or any other
Loan Document, nor constitute an amendment of any provision of the Credit Agreement or any other
Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment,
each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or
words of similar import shall mean and be a reference to the Credit Agreement as amended hereby.
4.3 Each Loan Party acknowledges and agrees that the execution and delivery by Agents and
Required Lenders of this Amendment shall not be deemed (i) to create a course of dealing or
otherwise obligate Agents or Lenders to forbear, waive, consent or execute similar amendments under
the same or similar circumstances in the future, or (ii) to amend, relinquish or
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impair any right of Agents or Lenders to receive any indemnity or similar payment from any Person
or entity as a result of any matter arising from or relating to this Amendment.
4.4 Each Loan Party affirms and acknowledges that this Amendment constitutes a Loan Document
under the Credit Agreement and any reference to the Loan Documents under the Credit Agreement
contained in any notice, request, certificate or other document executed concurrently with or after
the execution and delivery of this Amendment shall be deemed to include this Amendment unless the
context shall otherwise specify.
Section 5. Costs and Expenses. As provided in Section 11.03 of the Credit
Agreement, Borrower agrees to reimburse Agents for all fees, costs and expenses, including the
fees, costs and expenses of counsel or other advisors for advice, assistance, or other
representation in connection with this Amendment.
Section 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF NEW YORK.
Section 7. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other
purposes.
Section 8. Counterparts. This Amendment may be executed in any number of counterparts,
each of which when so executed shall be deemed an original, but all such counterparts shall
constitute one and the same instrument. In the event that any signature is delivered by facsimile
transmission, such signature shall create a valid and binding obligation of the party executing (or
on whose behalf the signature is executed) the same with the same force and effect as if such
facsimile signature page were an original thereof, and such party shall promptly follow its
facsimile signature page by mailing of a hard copy original.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.
BORROWER: GENERAL CABLE INDUSTRIES, INC., as the Borrower |
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By: | /s/ Xxxxx X. Xxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxx | |||
Title: | EVP, CFO & Treasurer | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
AGENTS: GE BUSINESS FINANCIAL SERVICES INC. (formerly known as Xxxxxxx Xxxxx Business Financial Services Inc.), as a Lender, Swingline Lender, Administrative Agent and Collateral Agent |
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By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Duly Authorized Signatory | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
LENDERS: Bank of America, NA, as a Lender |
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By: | /s/ Xxxxxxx Xxxx | |||
Name: | Xxxxxxx Xxxx | |||
Title: | Senior Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
CALYON NEW YORK BRANCH as a Lender |
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By: | /s/ Xxxxxx Xxxxxxx | |||
Name: | Xxxxxx Xxxxxxx | |||
Title: | Director | |||
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Managing Director | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
LENDERS: THE CIT GROUP / BUSINESS CREDIT INC., as a Lender |
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By: | /s/ Xxxx Xxxx | |||
Name: | Xxxx Xxxx | |||
Title: | Vice President | |||
Signature Page to the First Amendment to
Second Amended and Restated Credit agreement
Second Amended and Restated Credit agreement
LENDERS: GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender |
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By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Duly Authorized Signatory | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
LENDERS: THE HUNTINGTON NATIONAL BANK
as a Lender |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
LENDERS: |
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XX Xxxxxx Chase Bank, N.A. | , | |||
as a Lender |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: Xxxxxxx X. Xxxxxx | ||||
Title: Assistant Vice President | ||||
Signature Page to the First Amendment to
Third Amended and Restated Credit agreement
Third Amended and Restated Credit agreement
LENDERS: | ||||
PNC Bank, National Association
|
, |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
LENDERS: | ||||
RZB Finance LLC
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, |
By: | /s/ Xxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxx Xxxxx | |||
Title: | Group Vice President |
By: | /s/ Xxxx X. Xxxxxxx | |||
Name: | Xxxx X. Xxxxxxx | |||
Title: | First Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
LENDERS: | ||||
Standard Chartered Bank
|
, |
By: | /s/ Xxxxx Xxxxxx | |||
Name: Xxxxx Xxxxxx | ||||
Title: DIRECTOR METALS & MINING | ||||
By: | /s/ Xxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxx X. Xxxxxxxxxx | ||||
Title: | AVP/CREDIT DOCUMENTATION CREDIT RISK CONTROL STANDARD CHARTERED BANK N.Y. | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
LENDERS: | ||
UPS CAPITAL CORPORATION, | ||
as a Lender |
By: | /s/ Xxxx X. Xxxxxxxx | |||
Name: | Xxxx X. Xxxxxxxx | |||
Title: | Director of Portfolio Management | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
LENDERS: | ||||
WACHOVIA CAPITAL FINANCE | ||||
CORPORATION | ||||
(CENTRAL)
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By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
The following Persons are signatories to this | ||
Amendment in their capacity as Loan Parties. | ||
GENERAL CABLE COMPANY | ||
GENERAL CABLE CORPORATION | ||
GK TECHNOLOGIES, INCORPORATED, | ||
GENERAL CABLE INDUSTRIES, LLC | ||
GENERAL CABLE TECHNOLOGIES CORPORATION, | ||
each as a Loan Party, Borrowing Base Guarantor and Guarantor |
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Executive Vice President | |||
GENERAL CABLE TEXAS OPERATIONS,
L.P., as a Loan Party, Borrowing Base Guarantor
and Guarantor
L.P., as a Loan Party, Borrowing Base Guarantor
and Guarantor
By: GENERAL CABLE INDUSTRIES, INC., its
general partner
general partner
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Executive Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement
MARATHON MANUFACTURING HOLDINGS, INC. |
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GENERAL CABLE OVERSEAS HOLDINGS, LLC |
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GENERAL CABLE MANAGEMENT LLC DIVERSIFIED CONTRACTORS, INC. MLTC COMPANY |
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MARATHON STEEL COMPANY, each
as a XXXXXX DODGE INTERNATIONAL CORPORATION |
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XXXXXX DODGE ENFIELD CORPORATION PD WIRE & CABLE SALES CORPORATION GENCA CORPORATION |
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GENERAL CABLE
CANADA LTD. GC GLOBAL HOLDINGS, INC., |
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each as a Loan Party and Guarantor |
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Executive Vice President | |||
XXXXXX DODGE NATIONAL CABLES
CORPORATION, as a Loan Party and Guarantor
CORPORATION, as a Loan Party and Guarantor
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Executive Vice President | |||
XXXXXX DODGE AFRICA CABLE
CORPORATION, as a Loan Party and Guarantor
CORPORATION, as a Loan Party and Guarantor
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Executive Vice President | |||
Signature Page to the First Amendment to
Third Amended and Restated Credit Agreement
Third Amended and Restated Credit Agreement