AMENDMENT NO. 2
Exhibit 10.28
AMENDMENT NO. 2
This Amendment No. 2 (this “Agreement”) to the Credit Agreement (as defined below) is dated as of November 10, 2023, among XXXXXX XXXXXX INTERNATIONAL INC., a Virginia corporation (“PMI”), the Lenders party hereto and CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent.
WHEREAS, PMI, the Lenders and the Facility Agent are parties to that certain Term Loan Credit Agreement, dated as of June 23, 2022 (as amended by that certain Amendment No. 1 to the Credit Agreement, dated as of September 2, 2022, and as further amended or modified from time to time prior to the date hereof, the “Credit Agreement”); and
WHEREAS, PMI, the Lenders party hereto and Facility Agent desire to amend certain provisions under the Credit Agreement.
NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Definitions. Capitalized terms used and not defined in this Agreement shall have the respective meanings given them in the Credit Agreement.
2.Amendment to Credit Agreement. Section 9.7(a)(i) of the Credit Agreement is amended and restated in its entirety as follows:
“each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under one or more Tranches under this Agreement;”
3.Limited Effect. Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and other related documents are and shall remain in full force and effect and are hereby ratified and confirmed. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or other related documents or for any purpose except as expressly set forth herein.
4.Condition Precedent. This Agreement shall become effective on and as of the first date this Agreement shall have been duly executed and delivered by PMI, the Required Lenders and the Facility Agent.
5.Headings. Section headings included herein are for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect.
6.Binding Effect. This Agreement shall be binding upon and inure to the benefit of PMI, the Facility Agent and each Lender party hereto, and each of their respective successors and assigns.
7.Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
8.Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement in .PDF format or by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.
XXXXXX XXXXXX INTERNATIONAL INC. | |||||
By: | /s/ FRANK DE ROOIJ | ||||
Name: Frank de Rooij | |||||
Title: Vice President Treasury and Corporate Finance |
[Signature Page to Term Loan Amendment No. 2]
CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent | |||||
By: | /s/ XXXXXX X. XXXXXXX | ||||
Name: Xxxxxx X. Xxxxxxx | |||||
Title: Vice President |
CITIBANK N.A., as Facility Agent | |||||
By: | |||||
Name: | |||||
Title: |
[Signature Page to Term Loan Amendment No. 2]
CITIBANK EUROPE PLC, UK BRANCH, as Facility Agent | |||||
By: | |||||
Name: | |||||
Title: |
CITIBANK, N.A., as Lender | |||||
By: | /s/ XXXXX XXXX | ||||
Name: Xxxxx Xxxx Title: Managing Director |
[Signature Page to Term Loan Amendment No. 2]
BANK OF AMERICA, N.A., LONDON BRANCH, as Lender | |||||
By: | /s/ XXXXX XXXXX | ||||
Name: Xxxxx Xxxxx Title: Vice President |
[Signature Page to Term Loan Amendment No. 2]
MIZUHO BANK, LTD., as Lender | |||||
By: | /s/ XXXXX XXXX | ||||
Name: Xxxxx Xxxx Title: Executive Director |
[Signature Page to Term Loan Amendment No. 2]
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, as Lender | |||||
By: | /s/ XXXX XXXXXXX | ||||
Name: Xxxx Xxxxxxx Title: Managing Director | |||||
By: | /s/ XXXXX XXXXXXXX | ||||
Name: Xxxxx Xxxxxxxx Title: Managing Director |
[Signature Page to Term Loan Amendment No. 2]
SUMITOMO MITSUI BANKING CORPORATION, as Lender | |||||
By: | /s/ XXXXXXXX XXXXXXX | ||||
Name: Xxxxxxxx Xxxxxxx Title: Managing Director | |||||
By: | /s/ XXXXXX XXXXXXXX | ||||
Name: Xxxxxx Xxxxxxxx Title: Managing Director |
[Signature Page to Term Loan Amendment No. 2]
XXXXX FARGO BANK, N.A., LONDON BRANCH, as Lender | |||||
By: | /s/ XXXXXXXX XXXXXX | ||||
Name: Xxxxxxxx Xxxxxx Title: Director |
[Signature Page to Term Loan Amendment No. 2]
CREDIT SUISSE AG, NEW YORK BRANCH, as Lender | |||||
By: | /s/ XXXXX XXXXXX | ||||
Name: Xxxxx Xxxxxx Title: Authorized Signatory | |||||
By: | /s/ HEESU SIN | ||||
Name: Heesu Sin Title: Authorized Signatory |
CREDIT SUISSE (SWITZERLAND) LTD., as Lender | |||||
By: | /s/ XXXXXX XXXXXXXXXXXXXXX | ||||
Name: Xxxxxx Xxxxxxxxxxxxxxx Title: Authorized Signatory | |||||
By: | /s/ XXXXXXXXX XXXXXXXXXXXXX | ||||
Name: Xxxxxxxxx Xxxxxxxxxxxxx Title: Authorized Signatory |
[Signature Page to Term Loan Amendment No. 2]
DEUTSCHE BANK AG NEW YORK BRANCH, as Lender | |||||
By: | /s/ XXXX X. XXX | ||||
Name: Xxxx X. Xxx Title: Director | |||||
By: | /s/ XXXXXX XXXX | ||||
Name: Xxxxxx Xxxx Title: Vice President |
[Signature Page to Term Loan Amendment No. 2]
BARCLAYS BANK PLC, as Lender | |||||
By: | /s/ XXXXX XXXXXXX | ||||
Name: Xxxxx Xxxxxxx Title: Vice President |
[Signature Page to Term Loan Amendment No. 2]
HSBC CONTINENTAL EUROPE, as Lender | |||||
By: | /s/ XXXX XXXXXXXXX | ||||
Name: Xxxx Xxxxxxxxx Title: Director Head of Multinationals France HSBC Continental Europe | |||||
By: | /s/ XXXXXXXX XX XXXXXXX | ||||
Name: Xxxxxxxx xx Xxxxxxx Title: Vice President Multinationals Coverage HSBC Continental Europe |
HSBC BANK PLC, as Lender | |||||
By: | |||||
Name: Title: |
[Signature Page to Term Loan Amendment No. 2]
HSBC CONTINENTAL EUROPE, as Lender | |||||
By: | |||||
Name: Title: | |||||
By: | |||||
Name: Title: |
HSBC BANK PLC, as Lender | |||||
By: | /s/ XXX XXXXXX | ||||
Name: Xxx Xxxxxx Title: Vice President |
[Signature Page to Term Loan Amendment No. 2]
BANCO SANTANDER, S.A., as Lender | |||||
By: | /s/ XXXXXX DEL XXXXXX XXXXX | ||||
Name: Xxxxxx del Xxxxxx Xxxxx Title: Authorized Signature | |||||
By: | /s/ XXXXXXXX XXXXX XXXXXX | ||||
Name: Xxxxxxxx Xxxxx Xxxxxx Title: |
[Signature Page to Term Loan Amendment No. 2]
COMMERZBANK AG, NEW YORK BRANCH, as Lender | |||||
By: | /s/ XXXXX XXXX | ||||
Name: Xxxxx Xxxx Title: Managing Director | |||||
By: | /s/ XXXXXX XXXXXXXX | ||||
Name: Xxxxxx Xxxxxxxx Title: Vice President |
[Signature Page to Term Loan Amendment No. 2]
STANDARD CHARTERED BANK, as Lender | |||||
By: | /s/ X.X. XXXXXXXXX | ||||
Name: X.X. XxXxxxxxx Title: Head UK Corporates |
[Signature Page to Term Loan Amendment No. 2]
MUFG BANK, LTD., as Lender | |||||
By: | /s/ XXXXX XXXXX | ||||
Name: Xxxxx Xxxxx Title: Managing Director, Co-head of UKI Coverage |
[Signature Page to Term Loan Amendment No. 2]
BANK OF CHINA (EUROPE) S.A., as Lender | |||||
By: | /s/ XXXX XX | ||||
Name: Xxxx Xx Title: Assistant General Manager |
[Signature Page to Term Loan Amendment No. 2]
BANKINTER S.A., as Lender | |||||
By: | /s/ XXXXX XXXXX | ||||
Name: Xxxxx Xxxxx Title: | |||||
By: | /s/ XXXX X. XXXXXXXXX | ||||
Name: Xxxx X. Xxxxxxxxx |
[Signature Page to Term Loan Amendment No. 2]