FOURTH SUPPLEMENTAL INDENTURE
Exhibit 4.4
Execution Version
FOURTH SUPPLEMENTAL INDENTURE
FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 1, 2018, among TROPICANA ENTERTAINMENT INC., a Delaware corporation, AZTAR INDIANA GAMING COMPANY, LLC, an Indiana limited liability company, AZTAR RIVERBOAT HOLDING COMPANY, LLC, an Indiana limited liability company, CATFISH QUEEN PARTNERSHIP IN COMMENDAM, a Louisiana partnership, CENTROPLEX CENTRE CONVENTION HOTEL, L.L.C., a Louisiana limited liability company, COLUMBIA PROPERTIES TAHOE, LLC, a Nevada limited liability company, LIGHTHOUSE POINT, LLC, a Mississippi limited liability company, MB DEVELOPMENT, LLC, a Nevada limited liability company, NEW JAZZ ENTERPRISES, L.L.C., a Nevada limited liability company, NEW TROPICANA HOLDINGS, INC., a Delaware corporation, NEW TROPICANA OPCO, INC., a Delaware corporation, TEI (ES), LLC, a Delaware limited liability company, TEI (ST. LOUIS RE), LLC, a Delaware limited liability company, TEI (STLH), LLC, a Delaware limited liability company, TEI MANAGEMENT SERVICES LLC, a Delaware limited liability company, TEI R7 INVESTMENT LLC, a Delaware limited liability company, TLH LLC, a Delaware limited liability company, TROPICANA ATLANTIC CITY CORP., a New Jersey corporation, TROPICANA XXXXXXXX, LLC, a Nevada limited liability company, TROPICANA ST. LOUIS LLC, a Delaware limited liability company, TROPICANA ST. LOUIS RE LLC, a Delaware limited liability company, and TROPWORLD GAMES LLC, a Nevada limited liability company (each, a “Guaranteeing Subsidiary” and, collectively, the “Guaranteeing Subsidiaries”), each a subsidiary of Eldorado Resorts, Inc. (or its permitted successor), a Nevada corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (as amended by that certain Supplemental Indenture dated as of May 1, 2017, that certain Second Supplemental Indenture dated as of June 18, 2018 and that certain Third Supplement Indenture dated as of August 7, 2018 and as may be further amended, supplemented, or otherwise modified, the “Indenture”), dated as of March 29, 2017 providing for the issuance of 6% Senior Notes due 2025 (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 the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note 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 benefit of each other and the equal and ratable benefit of the Holders of the Notes as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. Each of the Guaranteeing Subsidiaries hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof.
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3. NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or the Guarantors, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Note Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.
4. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
5. 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.
The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission 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.
6. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
7. 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 the Guaranteeing Subsidiaries and the Company.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.
TROPICANA ENTERTAINMENT INC.
AZTAR INDIANA GAMING COMPANY, LLC
AZTAR RIVERBOAT HOLDING COMPANY, LLC
CATFISH QUEEN PARTNERSHIP IN COMMENDAM
CENTROPLEX CENTRE CONVENTION HOTEL, L.L.C.
COLUMBIA PROPERTIES TAHOE, LLC
LIGHTHOUSE POINT, LLC
MB DEVELOPMENT, LLC
NEW JAZZ ENTERPRISES, L.L.C.
NEW TROPICANA HOLDINGS, INC.
NEW TROPICANA OPCO, INC.
TEI (ES), LLC
TEI (ST. LOUIS RE), LLC
TEI (STLH), LLC
TEI MANAGEMENT SERVICES LLC
TEI R7 INVESTMENT LLC
TLH LLC
TROPICANA ATLANTIC CITY CORP.
TROPICANA XXXXXXXX, LLC
TROPICANA ST. LOUIS LLC
TROPICANA ST. LOUIS RE LLC
TROPWORLD GAMES LLC
| By: | /s/Xxxxxx X. Xxxxxxxx, Xx. | |||
| Name: | Xxxxxx X. Xxxxxxxx, Xx. | |||
| Title: | Executive Vice President, Chief Legal Officer and Secretary | |||
[Signature Page to Fourth Supplemental Indenture]
| U.S. BANK NATIONAL ASSOCIATION as Trustee | ||
| By: | /s/Xxxxxxx X. Xxxxxxx | |
| Name: Xxxxxxx X. Xxxxxxx | ||
| Title: Vice President | ||
[Signature Page to Fourth Supplemental Indenture]
