FOURTH AMENDMENT
Exhibit 10.1.4
FOURTH AMENDMENT
FOURTH AMENDMENT, dated as of March 15, 2006 (this “Amendment”), to the Amended and
Restated Credit Agreement, dated as of May 12, 2004 (the “Credit Agreement”), among
INFRASOURCE SERVICES, INC., a Delaware corporation (“Holdings”), INFRASOURCE INCORPORATED,
a Delaware corporation (the “Borrower”), the several banks and other financial institutions
or entities from time to time parties thereto (the “Lenders”), LASALLE BANK NATIONAL
ASSOCIATION, as syndication agent, and BARCLAYS BANK PLC, as administrative agent (the
“Administrative Agent”).
W I T N E S S E T H:
WHEREAS, the Borrower has requested that the Lenders agree to amend certain provisions in the
Credit Agreement upon the terms and subject to the conditions set forth herein; and
WHEREAS, the Lenders have agreed to such amendments only upon the terms and subject to the
conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
in the Credit Agreement, the parties hereto hereby agree as follows:
1. Defined Terms. Unless otherwise defined herein, all capitalized terms used herein shall
have the meanings given to them in the Credit Agreement.
2. Amendment to Section 8 (Events of Default). Section 8 of the Credit Agreement is hereby
amended by deleting clause (i) of paragraph (l) of such Section in its entirety and substituting in
lieu thereof the following:
”(i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), excluding the
Permitted Investors, shall become, or obtain rights (whether by means or warrants, options
or otherwise) to become, the “beneficial owner” (as defined in Rule 13(d)(3) and 13(d)(5) of
the Exchange Act), directly or indirectly, of more than 35% of the outstanding common stock
of Holdings; or”
3. Representations and Warranties. (a) Credit Agreement Representations and
Warranties. On and as of the date hereof and after giving effect to this Amendment, Holdings
and the Borrower hereby confirm, reaffirm and restate the representations and warranties set forth
in Sections 4 of the Credit Agreement mutatis mutandis, except to the extent that such
representations and warranties expressly relate to a specific earlier date in which case Holdings
and the Borrower hereby confirm, reaffirm and restate such representations and warranties as of
such earlier date.
(b) Power; Authorization; Enforceable Obligations. Each Loan Party has the requisite
corporate or other power and authority, and the legal right, to make, deliver and perform the Loan
Documents to which it is a party, as amended, in the case of the Credit Agreement, by this
Amendment. Each Loan Party has taken all necessary steps to authorize the execution, delivery and
performance of Loan Documents to which it is a party, as amended, in the case of the Credit
Agreement, by this Amendment. The Credit Agreement, as amended by this Amendment, continues to
constitute a
legal, valid and binding obligation of each Loan Party party thereto, enforceable
against each such Loan Party in accordance with its terms, except as enforceability maybe limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).
(c) No Legal Bar. The execution, delivery and performance of this Amendment and any
other related documents will not violate any Requirement of Law or any material Contractual
Obligation of any Group Member and will not result in, or require, the creation or imposition of
any Lien on any of their respective properties or revenue pursuant to any Requirement of Law or any
such material Contractual Obligation (other than the Liens created by the Security Documents).
4. Conditions to Effectiveness. This Amendment shall become effective on the date upon
which the Administrative Agent shall have received this Amendment, executed by the Administrative
Agent, the Borrower, Holdings, the Subsidiary Guarantors and the Required Lenders.
5. Continuing Effect. Except as expressly amended hereby, the Credit Agreement shall
continue to be and shall remain in full force and effect in accordance with its terms.
6. Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for all of
its reasonable out-of-pocket costs and expenses incurred in connection with the negotiation,
preparation, execution and delivery of this Amendment, including the reasonable fees and expenses
of counsel.
7. Counterparts. This Amendment may be executed on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed signature page of this Amendment by facsimile transmission
shall be effective as delivery of a manually executed counterpart hereof.
8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written.
INFRASOURCE INCORPORATED | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Chief Financial Officer |
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INFRASOURCE SERVICES, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Chief Financial Officer |
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BARCLAYS BANK PLC, as Administrative Agent and as a Lender |
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By: | /s/ Xxxxx Xxxxxx | |||
Name: Xxxxx Xxxxxx Title: Associate Director |
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LASALLE BANK NATIONAL ASSOCIATION, as Syndication Agent and as a Lender |
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By: | /s/ Xxxx Xxxx | |||
Name: Xxxx Xxxx Title: Commercial Banking Officer |
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Commerce Bank, N.A. | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxxxx X. Xxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxx Title: Vice President |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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XX Xxxxxx Xxxxx Bank N.A. | ||||
By: | /s/ Xxx X. Xxxxxxx | |||
Name: Xxx X. Xxxxxxx Title: Vice President |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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WACHOVIA BANK, NATIONAL ASSOCIATION | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: Xxxxxxx X. Xxxxxx Title: Vice President |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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RZB Finance LLC | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxxxxxx Xxxxx | |||
Name: Xxxxxxxxx Xxxxx Title: Group Vice President |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: Xxxxx Xxxxxxxxxx Title: Vice President |
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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ELF Funding Trust I | ||||
[Name of Lender] | ||||
By: Highland Capital Management, L.P., as Collateral
Manager By: Strand Advisors, Inc., Its General Partner |
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By: | /s/ Xxxx Xxxxxxxx | |||
Name: Xxxx Xxxxxxxx | ||||
Title: Assistant Treasurer | ||||
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Restoration Funding CLO, LTD | ||||
[Name of Lender] | ||||
By: Highland Capital Management, L.P., as Collateral
Manager By: Strand Advisors, Inc., Its General Partner |
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By: | /s/ Xxxx Xxxxxxxx | |||
Name: Xxxx Xxxxxxxx | ||||
Title: Assistant Treasurer |
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Highland Legacy Limited | ||||
[Name of Lender] | ||||
By: Highland Capital Management, L.P., as Collateral
Manager By: Strand Advisors, Inc., Its General Partner |
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By: | /s/ Xxxx Xxxxxxxx | |||
Name: Xxxx Xxxxxxxx | ||||
Title: Assistant Treasurer | ||||
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Gleneagles CLO, Ltd. | ||||
[Name of Lender] | ||||
By: Highland Capital Management, L.P., as Collateral
Manager By: Strand Advisors, Inc., Its General Partner |
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By: | /s/ Xxxx Xxxxxxxx | |||
Name: Xxxx Xxxxxxxx | ||||
Title: Assistant Treasurer | ||||
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Highland Floating Rate LLC | ||||
[Name of Lender] | ||||
By: | /s/ Xxx Xxxxxxxxx | |||
Name: Xxx Xxxxxxxxx Title: Senior Vice President |
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Highland Floating Rate Advantage Fund | ||||
[Name of Lender] | ||||
By: | /s/ Xxx Xxxxxxxxx | |||
Name: Xxx Xxxxxxxxx Title: Senior Vice President |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Oligra 43 | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxx Xxxxxxxx | |||
Name: Xxxxx Xxxxxxxx Title: Loans Officer |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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FOXE BASIN CLO 2003, LTD. | ||||
[Name of Lender] | ||||
By: GSO Capital Partners LP as Collateral Manager | ||||
By: | /s/ Xxx X. Xxxxxxx | |||
Name: Xxx X. Xxxxxxx | ||||
Title: Authorized Signatory | ||||
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Denali Capital LLC, managing member of DC Funding Partners, portfolio manager for DENALI CAPITAL CLO I, LTD, or an affiliate. | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: Xxxxx X. Xxxxx Title: Senior Vice President |
INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Denali Capital LLC, managing member of DC Funding Partners, portfolio manager for DENALI CAPITAL CLO III, LTD, or an affiliate. | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: Xxxxx X. Xxxxx Title: Senior Vice President |
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INFRASOURCE INCORPORATED FOURTH AMENDMENT |
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Denali Capital LLC, managing member of DC Funding Partners, portfolio manager for DENALI CAPITAL CLO VI, LTD, or an affiliate. | ||||
[Name of Lender] | ||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: Xxxxx X. Xxxxx Title: Senior Vice President |
ACKNOWLEDGEMENT AND CONSENT
Each of the undersigned Subsidiary Guarantors hereby acknowledges and consents to the
foregoing Amendment.
INFRASOURCE CORPORATE SERVICES, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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XXXXXXXX HOLDINGS CORPORATION | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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XXXXXXXX LTD | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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DACON GP LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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DACON LTD | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE TEXAS HOLDINGS GP LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE TEXAS HOLDINGS LP LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
X.X. ELECTRIC, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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BLAIR PARK SERVICES, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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OSP CONSULTANTS, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE POWER CALIFORNIA, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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OSP TELCOM, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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RJE TELECOM, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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SUNESYS, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
SUNESYS OF VIRGINIA, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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CHOWNS, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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TRINITY INDUSTRIES, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND SERVICES, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE POWER, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND INSTALLATION, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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MECHANICAL SPECIALTIES, INCORPORATED | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
INFRASOURCE MID-ATLANTIC, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND CONSTRUCTION SERVICES, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND CONSTRUCTION, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND CONSTRUCTION, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE XXXXXXXX, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND CONSTRUCTION CALIFORNIA, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
INFRASOURCE CONCRETE & PAVING SERVICES, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE TRANSMISSION SERVICES COMPANY | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE XXXXXXXX CA, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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IUC IOWA, LLC | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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INFRASOURCE UNDERGROUND SERVICES CANADA, INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |
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EHV POWER USA INC. | ||||
By: | /s/ Xxxxxxx X. Xxxxxxxxxx | |||
Name: Xxxxxxx X. Xxxxxxxxxx Title: Senior Vice President & Treasurer |