CREDIT AGREEMENT Dated as of December 17, 2012 among PRECISION CASTPARTS CORP., as the Borrower, BANK OF AMERICA, N.A., as Administrative Agent, WELLS FARGO BANK, NATIONAL ASSOCIATION and CITIBANK, N.A., as Syndication Agents, MIZUHO CORPORATE BANK,...Credit Agreement • December 20th, 2012 • Precision Castparts Corp • Iron & steel foundries • New York
This CREDIT AGREEMENT (“Agreement”) is entered into as of December 17, 2012, among PRECISION CASTPARTS CORP., an Oregon corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent.
Precision Castparts Corp. $500,000,000 0.70% Notes Due 2015 $1,000,000,000 1.25% Notes Due 2018 $1,000,000,000 2.50% Notes Due 2023 $500,000,000 3.90% Notes Due 2043 Underwriting AgreementUnderwriting Agreement • December 20th, 2012 • Precision Castparts Corp • Iron & steel foundries • New York
Upon satisfaction of the conditions in the Agreement and Plan of Merger dated as of November 9, 2012 (as amended, the “Merger Agreement”) by and among the Company, ELIT Acquisition Sub Corp., a wholly owned subsidiary of the Company (“Merger Sub”), and Titanium Metals Corporation (“TIMET”), Merger Sub will merge with and into TIMET, on the terms and conditions set forth therein (such transaction, the “Merger”), with TIMET as the surviving corporation. As a result of the Merger, TIMET will become a subsidiary of the Company. The Company intends to use the proceeds of the sale of the Securities for general corporate purposes, which may include purchasing all of the outstanding shares of TIMET pursuant to the Merger Agreement.
