FIRST AMENDING AGREEMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
Execution Copy
BETWEEN:
PRECISION DRILLING CORPORATION
(as Borrower)
‑ and ‑
THE FINANCIAL INSTITUTIONS SIGNATORY HERETO
IN THEIR CAPACITIES AS LENDERS
(as Lenders)
– and –
ROYAL BANK OF CANADA
(as Administration Agent for the Lenders)
‑ with –
RBC CAPITAL MARKETS and CREDIT SUISSE SECURITIES (USA) LLC
(as Co-Lead Arrangers and Joint Bookrunners)
‑ and –
XXXXX FARGO BANK, N.A., THE TORONTO-DOMINION BANK, HSBC BANK CANADA, BANK OF AMERICA, N.A., CANADA BRANCH AND
XXXXXX XXXXXXX SENIOR FUNDING, INC.
(as Co-Documentation Agents)
XXXXXX XXXXXXX SENIOR FUNDING, INC.
(as Co-Documentation Agents)
Dated as of January 20, 2017
8062864.4
This First Amending Agreement is made as of January 20, 2017.
BETWEEN:
PRECISION DRILLING CORPORATION, as Borrower
AND:
EACH OF THE FINANCIAL INSTITUTIONS NAMED ON THE SIGNATURE PAGES HERETO, in their respective capacities as Lenders (hereinafter collectively referred to as the "Lenders" and individually as a "Lender")
AND:
ROYAL BANK OF CANADA, a Canadian chartered bank having its head office in the City of Xxxxxxx, Xxxxxxx, Xxxxxx, in its capacity as agent of the Lenders (the "Agent")
WHEREAS the Borrower, the Agent and the Lenders are parties to an Amended and Restated Credit Agreement made as of April 15, 2016 (the "Credit Agreement");
AND WHEREAS the Borrower wishes to terminate Xxxxx Fargo Bank, N.A as a Fronting Lender and designate The Toronto-Dominion Bank as a Fronting Lender and the Agent has consented to each of the foregoing;
AND WHEREAS the Borrower, the Lenders and the Agent wish to amend the Credit Agreement on the terms and conditions set forth herein;
NOW THEREFORE in consideration of the mutual agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the Borrower, the Lenders and the Agent agree as follows:
ARTICLE 1
INTERPRETATION
INTERPRETATION
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1.1
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Definitions
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In this Amending Agreement and the recitals hereto, unless something in the subject matter or context is inconsistent therewith:
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(a)
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"Amended Credit Agreement" means the Credit Agreement as amended and supplemented by this Amending Agreement, as the same may be further amended, modified, supplemented or restated from time to time;
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(b)
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"Amending Agreement" means this first amending agreement and includes, for certainty, the Consent and Acknowledgement attached hereto;
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(c)
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"Cancellation Notice" means a written notice from the Borrower to the Agent pursuant to Section 4.4 of the Credit Agreement requesting a cancellation of U.S. $25,000,000 of the Total Commitment as of the date of this Amending Agreement; and
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(d)
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all capitalized terms used but not otherwise defined herein shall have the same meanings ascribed thereto in the Credit Agreement.
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1.2
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Headings
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The headings and the Article and Section titles are inserted for convenience of reference only and shall not affect the construction or interpretation of this Amending Agreement.
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1.3
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References
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Unless something in the subject matter or context is inconsistent therewith, all references to Articles, Sections, subsections and Schedules are to Articles, Sections, subsections and Schedules to this Amending Agreement. The words "hereto", "herein", "hereunder", "herewith" and similar expressions and the term "Agreement" mean and refer to this Amending Agreement.
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1.4
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Time
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Unless otherwise provided herein, all references to a time in this Amending Agreement shall mean local time in Calgary, Alberta.
ARTICLE 2
AMENDMENTS
AMENDMENTS
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2.1
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Reduction in Commitments
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In order to reflect the cancellation of the Total Commitment set forth in the Cancellation Notice:
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(a)
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The reference to "US $550,000,000" on the face page of the Credit Agreement is hereby deleted and replaced with "U.S. $525,000,000".
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(b)
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The definition of "Total Commitment" in Section 1.1 of the Credit Agreement is hereby amended by deleting the reference to "U.S. $550,000,000" and replacing it with "U.S. $525,000,000".
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(c)
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Schedule A to the Credit Agreement is hereby deleted in its entirety and replaced with the form of Schedule A attached hereto as Exhibit 1. Each Lender's Commitment is hereby revised to be as set forth in replacement Schedule A.
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2.2
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Other Amendments
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(a)
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Section 1.1 of the Credit Agreement is hereby amended by:
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(i)
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deleting the definitions of "2019 Notes" and "2019 Note Indenture" in their entirety;
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(ii)
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deleting the reference to "Xxxxx Fargo Bank, N.A" in the definition of "Fronting Lenders" and replacing it with "The Toronto-Dominion Bank";
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(iii)
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deleting the definition of "Equivalent Amount" and replacing it with the following:
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""Equivalent Amount" in one currency (the "First Currency") of an amount in another currency (the "Other Currency") means, as of the date of determination, the amount of the First Currency which would be required to purchase such amount of the Other Currency at the Noon Rate;";
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(iv)
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deleting the definition of "Specified Change of Control" and replacing it with the following:
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""Specified Change of Control" means a "Change of Control" (or any other defined term having a similar purpose substituted in lieu thereof) as defined in the 2020 Note Indenture, the 2021 Note Indenture, the 2023 Note Indenture or the 2024 Note Indenture or a "change of control" (or other term having a similar purpose as that used in the 2020 Note Indenture, the 2021 Note Indenture, the 2023 Note Indenture or the 2024 Note Indenture) under any other note indenture, trust indenture or other document under which any unsecured bonds, notes, debentures or other debt instruments are issued;";
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(v)
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deleting the reference to "the 2019 Notes," in the definition of "Specified Unsecured Debt" and inserting "the 2023 Notes," immediately after the reference to "the 2021 Notes," in such definition; and
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(vi)
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inserting the following new definitions where such definitions would appear alphabetically in Section 1.1 of the Credit Agreement:
|
""2023 Notes" means the U.S. $350,000,000 7.75% senior unsecured notes due November 4, 2023 issued by the Borrower under the 2023 Note Indenture;
"2023 Note Indenture" means the trust indenture dated as of November 4, 2016 entered into by the Borrower, as note issuer, The Bank of New York Mellon, as U.S. trustee, and Computershare Trust Company of Canada, as Canadian trustee;
"Noon Rate" means, in relation to the conversion of one currency into another currency, the spot rate of exchange for such conversion as quoted by the Bank of Canada at approximately 12:00 noon (Toronto, Ontario time) on the Business Day that such conversion is to be made (or, if such conversion is to be made before noon, then at approximately noon (Toronto, Ontario time) on the immediately preceding Business Day); provided that if such rate is no longer quoted at noon (Toronto, Ontario time), it shall mean the spot rate of exchange for such conversion as quoted by the Bank of Canada at the close of business on the Business Day that such conversion is to be made (or, if such conversion is to be made before close of business on such Business Day, then at approximately close of business on the immediately preceding Business Day), and, in either case, if no such rate is quoted, the spot rate of exchange quoted for wholesale transactions by the Agent in Toronto, Ontario on the Business Day such conversion is to be made in accordance with its normal practice;".
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(b)
|
Section 3.4(b) of the Credit Agreement is hereby amended by deleting the reference to "U.S. $800,000,000" and replacing it with "U.S. $775,000,000 during the Covenant Relief Period and U.S. $800,000,000 thereafter".
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(c)
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Section 9.3(b) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
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| "(b) |
Consolidated Interest Coverage Ratio: the Borrower shall maintain a Consolidated Interest Coverage Ratio of at least:
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| (i) |
1.5 to 1.0 as of the last day of the period of four (4) consecutive Fiscal Quarters ending on December 31, 2016;
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| (ii) |
1.25 to 1.0 as of the last day of any period of four (4) consecutive Fiscal Quarters ending on March 31, 2017, June 30, 2017 and September 30, 2017;
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| (iii) |
1.5 to 1.0 as of the last day of any period of four (4) consecutive Fiscal Quarters ending on December 31, 2017 and March 31, 2018; and
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| (iv) |
2.5 to 1.0 as of the last day of any period of four (4) consecutive Fiscal Quarters ending on or after June 30, 2018.".
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2.3
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Amendment Fee
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The Borrower agrees to pay to the Agent on the date hereof for the benefit of each Lender which has consented to the amendments set forth herein a fee of five (5) bps on the Commitment of such Lender after giving effect to the reduction contemplated by Section 2.1(c) of this Amending Agreement.
ARTICLE 3
REPRESENTATIONS AND WARRANTIES
REPRESENTATIONS AND WARRANTIES
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3.1
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Representations and Warranties
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The Borrower represents and warrants to the Agent and each of the Lenders, all of which representations and warranties shall survive the execution and delivery of this Amending Agreement, that:
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(a)
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the representations and warranties contained in Section 2.1 of the Credit Agreement (on the basis that this Amending Agreement is a Loan Document and references to the Credit Agreement being deemed to be references to the Amended Credit Agreement), other than those stated to be made as at a specific date, are true and correct in all material respects with the same effect as if made as of the date hereof;
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(b)
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as at the date of this Amending Agreement, each Subsidiary which is required to be designated as a Material Subsidiary pursuant to the provisions of Section 9.1(u) of the Credit Agreement has been so designated (and for greater certainty, no Subsidiary (other than a Material Subsidiary) has, as at the date of this Amending Agreement, guaranteed the Borrower's obligations under the the 2020 Notes, the 2021 Notes, the 2023 Notes or the 2024 Notes or under any other unsecured bonds, notes, debentures or other debt instruments issued under a note indenture, trust indenture or other similar document and which constitute Specified Unsecured Debt and is included in the computation thereof), and as at the date of this Amending Agreement, the following constitute all of the Material Subsidiaries and their respective governing jurisdictions:
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Governing | |
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Name
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Jurisdiction | |
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Precision Diversified Oilfield Services Corp.
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Alberta | |
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Precision Limited Partnership
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Alberta | |
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Precision Drilling Canada Limited Partnership
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Alberta | |
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Grey Wolf International Drilling Corporation
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Canada | |
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Precision Employment Services Corp.
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Alberta
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Precision Drilling, Inc.
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Delaware | |
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DI Energy, Inc.
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Texas | |
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Grey Wolf International, Inc.
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Texas | |
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Precision Drilling Holdings Company
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Nevada
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Precision Drilling LLC
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Louisiana | |
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Precision Drilling Company, LP
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Texas | |
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Murco Drilling Corporation
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Delaware | |
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DI/Perfensa Inc.
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Texas | |
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PD Supply Inc.
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Texas | |
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Precision Drilling (US) Corporation
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Texas
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Precision Completion & Production Services Ltd.
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Delaware | |
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Precision Directional Services Ltd.
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Alberta
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Precision Directional Services, Inc.
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Texas
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(c)
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Schedule K to the Credit Agreement is accurate in all material respects as at the date of this Amending Agreement;
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(d)
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as at the date of this Amending Agreement, the only Secured Documents (other than the Credit Agreement, any Lender Swaps and any Cash Management Facility Agreements) are the Operating Facility Agreements described in paragraphs (a), (b) and (c) of the definition of Operating Facilities; and
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(e)
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as at the date of this Amending Agreement, all Deposited Cash is held on deposit with (i) RBC, The Bank of Nova Scotia, The Toronto-Dominion Bank, Alberta Treasury Branches, Sumitomo Mitsui Banking Corporation, Canada Branch and Canadian Western Bank in Canada, (ii) Xxxxx Fargo Bank, N.A. and ZB, N.A. dba Amegy Bank in Texas and (iii) certain Affiliates of HSBC Bank Canada in Mexico, Kuwait and United Arab Emirates.
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ARTICLE 4
CONDITIONS PRECEDENT
CONDITIONS PRECEDENT
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4.1
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Conditions Precedent
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The obligation of the Agent and the Lenders to give effect to the provisions of this Amending Agreement is subject to the following conditions precedent being satisfied:
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(a)
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not less than three Business Days' prior to the date hereof, the Agent has received the executed Cancellation Notice;
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(b)
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as of the date hereof, there exists no Default or Event of Default;
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(c)
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as of the date hereof, the representations and warranties referred to in Section 3.1 hereof are true and correct in all material respects;
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(d)
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the Agent has received, in form and substance satisfactory to the Agent and the Lenders, the following:
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(i)
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a duly executed copy of this Amending Agreement in sufficient numbers for distribution to each of the Lenders; and
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(ii)
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such other documents and documentation which the Agent may reasonably request;
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(e)
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the Borrower and the Fronting Lenders (as amended pursuant to this Amending Agreement) have entered into a written agreement in form and substance satisfactory to such Fronting Lenders respecting the Fronting Fee Rate; and
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(f)
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the Agent has received, for its benefit or the benefit of the Lenders, as applicable, payment from the Borrower of the amendment fee contemplated by Section 2.3.
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4.2
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Waiver of a Condition Precedent
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The terms and conditions of Section 4.1 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent with the prior consent of all Lenders in whole or in part, with or without terms or conditions.
ARTICLE 5
MISCELLANEOUS
MISCELLANEOUS
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5.1
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Ratification
|
This Amending Agreement is supplemental to the Credit Agreement and forms part of, and has the same effect as though incorporated in, the Credit Agreement. Except as amended herein, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.
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5.2
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Further Assurances
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The Borrower, the Agent and each of the Lenders shall do all such further acts and things and execute and deliver all such further documents as shall be reasonably required in order to fully perform and carry out the terms of this Amending Agreement.
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5.3
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Governing Law
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This Amending Agreement is conclusively deemed to be made under, and for all purposes to be governed by and construed in accordance with, the laws of the Province of Alberta and of Canada applicable therein.
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5.4
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Time of Essence
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Time shall be of the essence of this Amending Agreement.
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5.5
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Counterpart and Electronic Execution
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This Amending Agreement may be executed in any number of counterparts and by different parties in separate counterparts and by facsimile or electronic signatures, 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 instrument.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF the parties hereto have caused this Amending Agreement to be duly executed as of the date first above written.
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PRECISION DRILLING CORPORATION
Per: /s/ Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: Senior VP and Chief Financial Officer
Per: /s/ Xxxxxx Xxxx
Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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ROYAL BANK OF CANADA, as Agent
Per: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Manager Agency
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ROYAL BANK OF CANADA, as Lender
Per: /s/ Xxx XxxxxXxxxxx
Name: Xxx XxxxxXxxxxx
Title: Authorized Signatory
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CREDIT SUISSE AG, TORONTO BRANCH, as Lender
Per: /s/ Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: Authorized Signatory
Per: /s/ Syzmon Ordys
Name: Syzmon Ordys
Title: Authorized Signatory
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XXXXX FARGO BANK, N.A., as Lender
Per: /s/ Xxxxxxxxx Faith
Name: Xxxxxxxxx Faith
Title: Director
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THE TORONTO-DOMINION BANK, as Lender
Per: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Director
Per: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Associate Vice President, Commercial National Accounts
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HSBC BANK CANADA, as Lender
Per: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Director, Banking, HSBC Bank Canada, Signature #000000(A)
Per: /s/ Xxxx Xxxx
Name: Xxxx Xxxx
Title: Vice President, Global Banking
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BANK OF AMERICA, N.A., CANADA BRANCH, as Lender
Per: /s/ Xxxx Xxxxxx
Name: Xxxx Xxxxxx
Title: Vice President
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XXXXXX XXXXXXX BANK, N.A., as Lender
Per: /s/ Xxxxxxx Xxxxxxx
Name: Xxxxxxx Xxxxxxx
Title: Authorized Signatory
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XXXXXXXXXX XXX XXXXXXX XXXXXXXXXX XX XXXXXX, as Lender
Per: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Director
Per: /s/ Xxxx xxx Xxxxxx
Name: Xxxx xxx Xxxxxx
Title: Managing Director
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THE BANK OF NOVA SCOTIA, as Lender
Per: /s/ Xxxxxx Xxxx
Name: Xxxxxx Xxxx
Title: Director
Per: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Director
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ALBERTA TREASURY BRANCHES, as Lender
Per: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Director, Energy
Per: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Associate Director
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SUMITOMO MITSUI BANKING CORPORATION, CANADA BRANCH, as Lender
Per: /s/ Xxxxxx Xxx
Name: Xxxxxx Xxx
Title: Managing Director
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CANADIAN WESTERN BANK, as Lender
Per: /s/ Xxxx Xxxxx
Name: Xxxx Xxxxx
Title: AVP, Energy Lending
Per: /s/ Xxxxx Xxxxxxxxx
Name: Xxxxx Xxxxxxxxx
Title: Senior Account Manager, Energy & Corporate Banking
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EXPORT DEVELOPMENT CANADA, as Lender
Per: /s/ Xxxxxxxx Xxxxxxxx
Name: Xxxxxxxx Xxxxxxxx
Title: Sr. Asset Manager
Per: /s/ Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Asset Manager
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ZB, N.A. dba AMEGY BANK, as Lender
Per: /s/ Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Vice President
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CONSENT AND ACKNOWLEDGEMENT
The undersigned hereby consent to the terms of the above Amending Agreement and the transactions contemplated thereby and confirm that the Loan Party Guarantee and Security granted by each of the undersigned remain in full force and effect. Without limiting the generality of the foregoing, the undersigned acknowledge that the "Guarantor Obligations" referred to in the Loan Party Guarantee and the "Secured Obligations" referred to in the Security include, without limitation, all obligations of the Borrower under the Amended Credit Agreement (or, as applicable, the Loan Party Guarantee in respect thereof).
Dated as of the date first written above.
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PRECISION DRILLING CORPORATION
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PRECISION DIVERSIFIED OILFIELD SERVICES CORP.
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Per:
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/s/ Xxxxxx Xxxx
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Per:
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/s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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PRECISION LIMITED PARTNERSHIP, by
its General Partner PRECISION DIVERSIFIED OILFIELD SERVICES CORP.
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PRECISION DRILLING CANADA LIMITED PARTNERSHIP, by its General Partner PRECISION DIVERSIFIED OILFIELD SERVICES CORP.
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Per:
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/s/ Xxxxxx Xxxx
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Per:
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/s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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GREY WOLF INTERNATIONAL DRILLING CORPORATION
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PRECISION EMPLOYMENT SERVICES CORP.
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Per:
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/s/ Xxxxxx Xxxx
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Per:
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/s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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PRECISION DIRECTIONAL SERVICES LTD.
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||||
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Per:
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/s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Senior VP, Corporate Services
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PRECISION DRILLING, INC.
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DI ENERGY, INC.
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Vice President
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GREY WOLF INTERNATIONAL, INC.
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PRECISION DRILLING HOLDINGS COMPANY
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Director
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PRECISION DRILLING LLC
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PRECISION DRILLING COMPANY, LP
by its General Partner PRECISION DRILLING HOLDINGS COMPANY
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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|
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Director
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MURCO DRILLING CORPORATION
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DI/PERFENSA INC.
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Director
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PD SUPPLY INC.
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PRECISION DRILLING (US) CORPORATION
|
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Director
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PRECISION COMPLETION & PRODUCTION SERVICES LTD.
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PRECISION DIRECTIONAL SERVICES, INC.
|
|||
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Per:
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/s/ Xxxx Xxxxxxxxx
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Per:
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/s/ Xxxx Xxxxxxxxx
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|
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Name: Xxxx Xxxxxxxxx
Title: Director
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Name: Xxxx Xxxxxxxxx
Title: Director
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EXHIBIT 1 TO THE FIRST AMENDING AGREEMENT
DATED AS OF JANUARY 20, 2017
DATED AS OF JANUARY 20, 2017
Schedule A to the Amended and Restated Credit Agreement dated as of April 15, 2016 between Precision Drilling Corporation, as Borrower, and a syndicate of Lenders with Royal Bank of Canada, as Agent
COMMITMENTS AND ADDRESSES
|
Lender
|
FRONTED LC
COMMITMENT
|
COMMITMENT
|
|
Royal Bank of Canada
Suite 3900, 888 – 3rd Street S.W.
Calgary, Alberta
T2P 5C5
Attention: Director
Fax No.: (000) 000-0000
|
U.S. $56,666,667
|
U.S. $56,538,461.54
|
|
Credit Suisse AG, Toronto Branch
0 Xxxxx Xxxxxxxx Xxxxx, Xxxxx 0000
P.O. Box 301 Toronto Ontario M5X 1C9
Attention: Director
Fax No.: (000) 000-0000
|
U.S. $56,666,667
for Letters of Credit other than documentary letters of credit Nil for Letters of Credit constituting documentary letters of credit.
|
U.S. $56,538,461.54
|
|
Xxxxx Fargo Bank, N.A.
9th Floor, 0000 Xxxxxxxxx Xxxxxx Xxxxxxx, Xxxxx 00000 Attention: Manager
Fax No.: (000) 000-0000 |
Nil
|
U.S. $40,384,615.39
|
|
The Toronto-Dominion Bank
1100, 000 – 0xx Xxxxxx XX
Xxxxxxx, Xxxxxxx
X0X 0X0
Attention: Director
Fax No.: (000) 000-0000
|
U.S. $56,666,666
|
U.S. $40,384,615.39
|
|
Lender
|
FRONTED LC
COMMITMENT
|
COMMITMENT
|
|
HSBC Bank Canada
8th Floor, 407 – 8th Avenue S.W.
Calgary, Alberta
T2P 1E5
Attention: Corporate & Institutional Banking
Fax No.: (000) 000-0000
|
Nil
|
U.S. $40,384,615.39
|
|
Bank of America, N.A., Canada Branch
2620, 000 – 0xx Xxxxxx X.X.
Xxxxxxx, Xxxxxxx
X0X 0X0
Attention: Senior Vice President
Fax No.: (000) 000-0000
|
Nil
|
U.S. $40,384,615.39
|
|
Xxxxxx Xxxxxxx Bank, N.A.
One Utah Center
000 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx Xxxx Xxxx Xxxx, Xxxx 00000
Attention: Documentation Team
Fax No.: (000) 000-0000
|
Nil
|
U.S. $40,384,615.39
|
|
Fédération des caisses Xxxxxxxxxx du Québec
0000, Xxx Xxxx, Xxxxxx 600 Montréal, Québec H3B 0B1 Attention: Senior Manager/Vice-President
Fax No.: (000) 000-0000 |
Nil
|
U.S. $33,923,076.92
|
|
The Bank of Nova Scotia
2000, 000 – 0xx Xxxxxx X.X.
Xxxxxxx, Xxxxxxx
X0X 0X0
Attention: Director
Fax No.: (000) 000-0000
|
U.S. $30,000,000
|
U.S. $33,923,076.92
|
8062864.4
|
Lender
|
FRONTED LC
COMMITMENT
|
COMMITMENT
|
|
Alberta Treasury Branches
000, 000 – 0xx Xxxxxx X.X.
Xxxxxxx, Xxxxxxx
X0X 0X0
Attention: Director, Energy
Fax No.: (000) 000-0000
|
Nil
|
U.S. $33,923,076.92
|
|
Sumitomo Mitsui Banking Corporation, Canada Branch
Xxxxx 0000, Xxxxx & Xxxxx Xxxxx,
Xxxxxxx-Xxxxxxxx Centre, P.O. Box 172, 222 Bay Street Toronto Ontario M5K 1H6 Attention: Managing Director
Fax No.: (000) 000-0000
|
Nil
|
U.S. $30,692,307.69
|
|
Canadian Western Bank
000 – 0xx Xxxxxx X.X.
Xxxxxxx, Xxxxxxx
X0X 0X0
Attention: Energy & Corporate Banking
Fax No.: (000) 000-0000
|
Nil
|
U.S. $30,692,307.69
|
|
Export Development Canada
000 Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxx
X0X 0X0
For Administrative matters:
Attention: Loan Services
Fax No.: (000) 000-0000
For credit related matters:
Attention: Asset Management
Fax No.: (000) 000-0000
|
Nil
|
U.S. $30,692,307.69
|
8062864.4
|
Lender
|
FRONTED LC
COMMITMENT
|
COMMITMENT
|
|
ZB, N.A. dba Amegy Bank
400, 0000 Xxxx Xxx Xxxx
Xxxxxxx, Xxxxx
00000
Attention: Vice President
Fax No.: (000) 000-0000
|
Nil
|
U.S. $16,153,846.14
|
|
Total
|
U.S. $200,000,000
|
U.S. $525,000,000.00
|
8062864.4
