SUPPLEMENTAL INDENTURE Dated as of May 25, 2011 among RETAIL VENTURES, INC., DSW MS LLC and HSBC Bank USA, National Association, as Indenture Trustee
Exhibit 4.4
Dated as of May 25, 2011
among
RETAIL VENTURES, INC.,
DSW MS LLC
and
HSBC Bank USA, National Association, as Indenture Trustee
SUPPLEMENTAL INDENTURE, dated as of May 25, 2011 (this “Supplemental Indenture”), among Retail
Ventures, Inc., an Ohio corporation (the “Initial Issuer”), DSW MS LLC, an Ohio limited liability
company (the “Successor”), and HSBC Bank USA, National Association, a national banking association,
acting as indenture trustee (the “Indenture Trustee”). Capitalized terms used and not otherwise
defined in this Supplemental Indenture shall have the meanings ascribed to such terms in the
Indenture.
RECITALS
WHEREAS, the Initial Issuer and the Indenture Trustee entered into the Indenture, dated as of
August 16, 2006 (the “Indenture”), providing, among other things, for the issuance of the Initial
Issuer’s 6.625% Mandatorily Exchangeable Notes due September 15, 2011, or PIES (Premium Income
Exchangeable SecuritiesSM) (the “Notes”);
WHEREAS, the Initial Issuer, DSW Inc., an Ohio Corporation (“DSW”), and the Successor have
executed definitive documentation, that provides for the merger of the Initial Issuer with and into
the Successor (the “Merger”), in accordance with the applicable provisions of the Ohio General
Corporation Law (the “OGCL”) and the Ohio Limited Liability Company Law (the “OLLCL”);
WHEREAS, the Merger shall become effective upon the filing of a Certificate of Merger with the
Secretary of State of the State of Ohio or at such time thereafter as is agreed upon in writing by
DSW and the Initial Issuer and provided for in the Certificate of Merger (the “Merger Effective
Time”);
WHEREAS, at the Merger Effective Time, the Initial Issuer shall be merged with and into the
Successor and the separate existence of the Initial Issuer shall cease and the Successor shall
continue as the surviving entity in the Merger;
WHEREAS, Section 8.01 of the Indenture provides that the Initial Issuer and the Indenture
Trustee may, without the consent of the Holders of the Notes, enter into a supplemental indenture
for the purpose of evidencing the succession of another Person to the Initial Issuer’s obligations
under the Indenture;
WHEREAS, Section 9.01 of the Indenture provides, among other things, that the Initial Issuer
may merge with or into any other Person if (i) the successor entity (if other than the Initial
Issuer) is a corporation or limited liability company organized and validly existing under the laws
of the United States of America, any state of the United States of America or the District of
Columbia and, upon any such merger, expressly assumes all of the Initial Issuer’s obligations under
the Notes, the Indenture and the Collateral Agreement by supplemental indenture in a form
satisfactory to the Indenture Trustee; (ii) immediately after giving effect to the merger, no
default or Event of Default has occurred or is continuing under the Notes, the Indenture or the
Collateral Agreement, as applicable; and (iii) the Initial Issuer shall have delivered to the
Indenture Trustee an Officers’ Certificate and an Opinion of Counsel;
WHEREAS, Section 10(a)(i) of the Collateral Agreement provides that the Initial Issuer, the
Collateral Agent, the Indenture Trustee and the Securities Intermediary may, without the consent of
the Holders, amend the Collateral Agreement to evidence the succession of another Person to the
Initial Issuer and the assumption by any such successor of the covenants of the Initial Issuer;
WHEREAS, the Merger will comply with the aforementioned requirements of Section 9.01 of the
Indenture, and all documentation required under the Indenture to be delivered to the Indenture
Trustee in connection with the Merger and this Supplemental Indenture has been so delivered;
WHEREAS, each of the Initial Issuer, the Successor and the Indenture Trustee have been duly
authorized to enter into this Supplemental Indenture to evidence the Successor’s succession to the
Initial Issuer’s obligations under the Indenture; and
WHEREAS, all acts, conditions precedent and requirements necessary to make this Supplemental
Indenture a valid, binding and legal agreement enforceable in accordance with its terms for the
purposes expressed herein, have been duly done and performed.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises and the covenants and agreements contained herein,
and for other good and valuable consideration the receipt of which is hereby acknowledged, the
Initial Issuer, the Successor and the Indenture Trustee hereby agree as follows:
ARTICLE I
REPRESENTATIONS AND WARRANTIES
Section 1.01. The Successor represents and warrants to the Indenture Trustee as follows:
| (i) | It is duly organized, validly existing and in good
standing under the laws of the State of Ohio; and |
| (ii) | The execution, delivery and performance by it of this
Supplemental Indenture have been authorized and approved by all necessary
limited liability company action. |
Section 1.02. Each of the Initial Issuer and the Successor represents and warrants to the
Indenture Trustee that the Merger shall become effective at the Merger Effective Time, and the
Successor shall, in accordance with the OGCL and the OLLCL, possess (i) all assets and property of
every description of the Initial Issuer and every interest in the assets and property of the
Initial Issuer, wherever the assets, property, and interests are located; (ii) the rights,
privileges, immunities, powers, franchises, and authority, whether of a public or a private nature,
of the Initial Issuer; and (iii) all obligations belonging or due to the Initial Issuer.
ARTICLE II
ASSUMPTION AND AGREEMENT OF THE SUCCESSOR
Section 2.01. In accordance with Sections 8.01 and 9.01 of the Indenture, effective as of the
Merger Effective Time, the Successor hereby expressly assumes all the obligations of the Initial
Issuer under the Notes, the Indenture and the Collateral Agreement.
Section 2.02. In accordance with Section 9.02 of the Indenture, effective as of the Merger
Effective Time, the Successor shall succeed to, and be substituted for, and may exercise every
right and power of, the Issuer under the Indenture and the Notes with the same effect as if the
Successor had been named as “Issuer” in the Indenture and the Notes.
ARTICLE III
MISCELLANEOUS
Section 3.01. This Supplemental Indenture shall become effective as of the Merger Effective
Time.
Section 3.02. Except as expressly amended hereby, the Indenture and the Notes are in all
respects ratified and confirmed, and all the terms, conditions and provisions thereof shall remain
in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Notes heretofore or hereafter authenticated shall be bound hereby.
Section 3.03. This Supplemental Indenture shall be governed by, and construed in accordance
with, the laws of the State of New York.
Section 3.04. In case any provision in this Supplemental Indenture shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions hereof and
thereof shall not in any way be affected or impaired thereby.
Section 3.05. This Supplemental Indenture may be executed in any number of counterparts by the
parties hereto on separate counterparts, each of which, when so executed and delivered, shall be
deemed an original, but all such counterparts shall together constitute one and the same
instrument.
Section 3.06. The Article and Section headings herein are for convenience only and shall not
affect the construction hereof.
Section 3.07. The Indenture 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 Initial Issuer and the
Successor.
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first written above.
| RETAIL VENTURES, INC. |
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| By: | /s/ Xxxxx X. XxXxxxx | |||
| Name: | Xxxxx X. XxXxxxx | |||
| Title: | Chief Executive Officer, Chief Financial Officer, President and Treasurer |
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| DSW MS LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxx | |||
| Title: | Executive Vice President, General Counsel and Secretary |
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| HSBC BANK USA, NATIONAL ASSOCIATION, as Indenture Trustee |
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| By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxxxx | |||
| Title: | Vice President | |||
