EXHIBIT 10.1
THIRD AMENDMENT
THIRD AMENDMENT (this "Amendment"), dated as of November 9,
1999, among ACG HOLDINGS, INC., a Delaware corporation ("Holdings"), AMERICAN
COLOR GRAPHICS, INC., a New York corporation (the "Borrower"), the lenders party
to the Credit Agreement referred to below (the "Lenders"), GENERAL ELECTRIC
CAPITAL CORPORATION, as Documentation Agent (in such capacity, the
"Documentation Agent"), XXXXXX XXXXXXX SENIOR FUNDING, INC., as Syndication
Agent (in such capacity, the "Syndication Agent"), and BANKERS TRUST COMPANY, as
Administrative Agent (in such capacity, the "Administrative Agent"). All
capitalized terms used herein and not otherwise defined herein shall have the
respective meanings provided such terms in the Credit Agreement referred to
below.
W I T N E S S E T H :
WHEREAS, Holdings, the Borrower, the Lenders, the
Documentation Agent, the Syndication Agent and the Administrative Agent are
parties to a Credit Agreement, dated as of August 15, 1995, amended and restated
as of May 8, 1998 and further amended as of June 8, 1998 and as of February 3,
1999 (the "Credit Agreement"); and
WHEREAS, the parties hereto wish to amend the Credit Agreement
as herein provided;
NOW, THEREFORE, it is agreed:
1. The definition of "Permitted Acquired Debt" in Section 1.1
of the Credit Agreement is hereby amended by (i) inserting the text "and include
(x)" immediately following the text "shall mean" appearing in said definition
and (ii) inserting the following text at the end of clause (iii) to the proviso
appearing in said definition:
"and (y) Indebtedness assumed or acquired by the Borrower or
a Wholly-Owned Subsidiary of the Borrower pursuant to a
Permitted Acquisition as a result of an acquisition of an
asset securing such Indebtedness; provided that (i) such
Indebtedness was outstanding prior to the consummation of the
Permitted Acquisition and was not incurred in connection with
or in anticipation of such Permitted Acquisition, (ii) such
Indebtedness shall not be secured by any assets of any Person
other than the assets so acquired and serving as security
therefor at the time of the respective Permitted Acquisition
and (iii) no Person other than the Borrower or such
Wholly-Owned Subsidiary, as the case may be, shall have any
liability (contingent or otherwise) with respect to any such
Indebtedness".
2. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.
3. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.
4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.
5. This Amendment shall become effective on the date (the
"Third Amendment Effective Date") when Holdings, the Borrower and the Lenders
constituting the Required Lenders shall have signed a counterpart hereof
(whether the same or different counterparts) and shall have delivered (including
by way of facsimile transmission) the same to the Administrative Agent at its
Notice Office.
6. From and after the Third Amendment Effective Date, all
references in the Credit Agreement and each of the Credit Documents to the
Credit Agreement shall be deemed to be references to the Credit Agreement as
amended hereby.
* * *
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IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Amendment to be duly executed and delivered as of the date
first above written.
ACG HOLDINGS, INC.
By: /s/ Xxxxxx Xxxxxx
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Title: Chief Financial Officer
AMERICAN COLOR GRAPHICS, INC.
By: /s/ Xxxxxx Xxxxxx
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Title: Chief Financial Officer
BANKERS TRUST COMPANY,
Individually and as Administrative Agent
By: /s/ Xxxxx Xxxx
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Title: Principal
GENERAL ELECTRIC CAPITAL CORPORATION,
Individually and as Documentation Agent
By: /s/ Xxxx Xxxxxxxx Xxxxxx
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Title: Manager-Operations
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XXXXXX XXXXXXX SENIOR FUNDING, INC.,
Individually and as Syndication Agent
By: /s/ T Xxxxxx Xxxxxxx XX
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Title: Vice President
CYPRESSTREE INVESTMENT FUND, LLC
By: CypressTree Investment Management
Company, Inc. its Managing Member
By:
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Name:
Title:
DEUTSCHE FINANCIAL SERVICES CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
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Title: Vice President
FINOVA CAPITAL CORPORATION
By:
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Name:
Title:
FLEET BUSINESS CREDIT CORPORATION
By: /s/ Xxxxxx Xxxxxxxxx
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Title: Vice President
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FREMONT FINANCIAL CORPORATION
By: /s/ Xxxxxx X. Xxxx
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Title: Vice President
GENERAL ELECTRIC CAPITAL CORPORATION
By:
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Name:
Title:
HIGHLAND LEGACY LIMITED
By:
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Name:
Title:
KZH CYPRESSTREE-1 LLC
By: /s/ Xxxxx Xxxx
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Title: Authorized Agent
KZH HIGHLAND-2 LLC
By:
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Name:
Title:
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PPM AMERICA SPECIAL INVESTMENTS FUND, L.P.
By: PPM America, Inc.
By:
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Name:
Title:
TRANSAMERICA BUSINESS CREDIT CORPORATION
By: /s/ Xxxxx Xxxxxxxx
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Title: Senior Vice President
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