EXHIBIT 10.4

[Execution]

AMENDMENT NO. 3 TO
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

AMENDMENT NO. 3 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, dated as of
November 21, 2017 (this “Amendment No. 3”), by and among SpartanNash Company, a
Michigan corporation, formerly known as Spartan Stores, Inc. (“Parent”), Spartan
Stores Distribution, LLC, a Michigan limited liability company (“Stores
Distribution”), Market Development, LLC, a Michigan limited liability company
(“MDC”), SpartanNash Associates, LLC, a Michigan limited liability company
(“Associates”), Family Fare, LLC, a Michigan limited liability company (“Family
Fare”), MSFC, LLC, a Michigan limited liability company (“MSFC”), Seaway Food
Town, Inc., a Michigan corporation (“Seaway”), The Pharm of Michigan, Inc., a
Michigan corporation (“Pharm”), Valley Farm Distributing Co., an Ohio
corporation (“Valley Farm”), Gruber’s Real Estate, LLC, a Michigan limited
liability company (“Gruber RE”), Prevo’s Family Markets, Inc., a Michigan
corporation (“Prevo”), Custer Pharmacy, Inc., a Michigan corporation (“Custer”),
Spartan Properties Management, Inc. (formerly known as Buckeye Real Estate
Management Co.), an Ohio corporation (“SPM”), Spartan Stores Fuel, LLC, a
Michigan limited liability company (“Spartan Fuel”), Nash-Finch Company, a
Delaware corporation, as surviving corporation of the merger with SS Delaware,
Inc. (“Nash-Finch”), Pique Brands, Inc., a Delaware corporation, formerly known
as Nash Brothers Trading Company, a Delaware corporation (“Pique”), T.J. Morris
Company, a Georgia corporation (“T.J. Morris”), Super Food Services, Inc., a
Delaware corporation (“Super Food”), U Save Foods, Inc., a Nebraska corporation
(“U Save”), Hinky Dinky Supermarkets, Inc., a Nebraska corporation (“Hinky
Dinky”), GTL Truck Lines, Inc., a Nebraska corporation (“GTL”), Erickson’s
Diversified Corporation, a Wisconsin corporation (“Erickson’s”), MDV
SpartanNash, LLC, a Delaware limited liability company (“MDV”, and together with
Parent, Stores Distribution, MDC, Associates, Family Fare, MSFC, Seaway, Pharm,
Valley Farm, Gruber RE, Prevo, Custer, SPM, Spartan Fuel, Nash-Finch, Pique,
T.J. Morris, Super Food, U Save, Hinky Dinky, GTL and Erickson’s, each
individually a “Borrower” and collectively, “Borrowers”) and any Person that at
any time becomes a party to the Loan Agreement as a guarantor (each individually
a “Guarantor” and collectively, “Guarantors”), the parties to the Loan Agreement
(as hereinafter defined) from time to time as lenders (each individually, a
“Lender” and collectively, “Lenders”) and Wells Fargo Capital Finance, LLC, a
Delaware limited liability company, in its capacity as agent for Lenders (in
such capacity, “Administrative Agent”).

W I T N E S S E T H :

WHEREAS, Borrowers and Guarantors have entered into financing arrangements with
Agent and Lenders pursuant to which Lenders (or Administrative Agent on behalf
of Lenders) have made and may make loans and advances and provide other
financial accommodations to Borrowers as set forth in the Amended and Restated
Loan and Security Agreement, dated as of November 19, 2013, by and among
Borrowers, Guarantors, Agent and Lenders, as amended by Amendment No. 1 to
Amended and Restated Loan and Security Agreement, dated January 9, 2015, and
Amendment No. 2 to Amended and Restated Loan and Security Agreement, dated

 

 

 

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December 20, 2016 (as the same now exists and is amended and supplemented
pursuant hereto and may hereafter be further amended, modified, supplemented,
extended, renewed, restated or replaced, the “Loan Agreement”) and the other
Financing Agreements; and

WHEREAS, Borrowers and Guarantors have requested that Administrative Agent and
Lenders agree to certain amendments to the Loan Agreement, and Administrative
Agent and Lenders are willing to agree to such amendments, subject to the terms
and conditions herein; and

WHEREAS, by this Amendment No. 3, Borrowers, Guarantors, Administrative Agent
and Lenders desire and intend to evidence such amendments;

NOW THEREFORE, in consideration of the foregoing, the mutual agreements and
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

1.Definitions.

(a)Additional Definitions.  The Loan Agreement and the other Financing
Agreements are hereby amended to include, in addition and not in limitation,
each of the following definitions:

(i)“Amendment No. 3” shall mean Amendment No. 3 to Amended and Restated Loan and
Security Agreement, dated as of November 21, 2017, by and among Borrowers,
Guarantors, Administrative Agent and Lenders, as amended, modified,
supplemented, extended, renewed, restated or replaced.  

(ii)“Investment Grade” means ratings of BBB- and Baa3 or better by Standard &
Poor’s Rating Group and Moody’s Investors Service, Inc., respectively, of
long-term non-enhanced senior unsecured debt.

(b)Amendments to Definitions.

(i)The definition of “Eligible Accounts” set forth in the Loan Agreement is
hereby amended by deleting clause (m) thereof in its entirety and replacing it
with the following:

“(m) (i) the aggregate amount of such Accounts owing by a single Account Debtor
that is not an Investment Grade Account Debtor do not constitute more than
twenty (20%) percent of the aggregate amount of all otherwise Eligible Accounts
and Eligible Military Receivables of Borrowers, and (ii) the aggregate amount of
such Accounts owing by a single Investment Grade Account Debtor do not
constitute more than twenty-five (25%) percent of the aggregate amount of all
otherwise Eligible Accounts and Eligible Military Receivables of Borrowers (but,
in each case, the portion of such Accounts not in excess of the applicable
percentages may be deemed Eligible Accounts);”

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(ii)The definition of “Eligible Military Receivables” set forth in the Loan
Agreement is hereby amended by deleting each of clauses (g) and (n) thereof in
its entirety and replacing the respective clause with the following:

“(g)  Military Receivables which are owed by any Affiliate of any Borrower or
Guarantor;”

“(n)  (i) Military Receivables due from an Account Debtor and its Affiliates
that is not an Investment Grade Account Debtor, the aggregate of which Military
Receivables and Non-Military Receivables due from such Account Debtor and its
Affiliates represents more than twenty (20%) percent of all then outstanding
Military Receivables and Non-Military Receivables owed to the Borrowers and (ii)
Military Receivables due from a single Investment Grade Account Debtor and its
Affiliates, the aggregate of which Military Receivables and Non-Military
Receivables due from such Account Debtor and its Affiliates represents more than
twenty-five (25%) percent of all then outstanding Military Receivables and
Non-Military Receivables owed to the Borrowers (but, in each case, the portion
of such Military Receivables of Borrowers not in excess of the applicable
percentages may be deemed Eligible Military Receivables);”

(c)Interpretation.  For purposes of this Amendment No. 3, unless otherwise
defined herein, all capitalized terms used herein shall have the respective
meanings assigned to such terms in the Loan Agreement.

2.Representations and Warranties.  Each Borrower and Guarantor hereby represents
and warrants to Administrative Agent and Lenders the following (which shall
survive the execution and delivery of this Amendment No. 3), the truth and
accuracy of which are a continuing condition of the making of Loans and
providing Letter of Credit Accommodations to Borrowers:

(a)This Amendment No. 3 and each other agreement or instrument to be executed
and delivered by the Borrowers and Guarantors pursuant hereto have been duly
authorized, executed and delivered by all necessary action on the part of each
of the Borrowers and Guarantors which is a party hereto and thereto and, if
necessary, their respective stockholders, members and managers and is in full
force and effect as of the date hereof, as the case may be, and the agreements
and obligations of each of the Borrowers and Guarantors, as the case may be,
contained herein and therein, constitute the legal, valid and binding
obligations of each of the Borrowers and Guarantors, respectively, enforceable
against them in accordance with their terms, except as enforceability is limited
by bankruptcy, insolvency, reorganization, moratorium or other laws relating to
or affecting generally the enforcement of creditors’ rights and except to the
extent that availability of the remedy of specific performance or injunctive
relief is subject to the discretion of the court before which any proceeding
therefor may be brought.

(b)The execution, delivery and performance of this Amendment No. 3 (a) are all
within each Borrower’s and Guarantor’s corporate or limited liability company
powers and (b)

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are not in contravention of law or the terms of any Borrower’s or Guarantor’s
certificate or articles of incorporation, by laws, or other organizational
documentation, or any indenture, agreement or undertaking to which any Borrower
or Guarantor is a party or by which any Borrower or Guarantor or its property
are bound.

(c)All of the representations and warranties set forth in the Loan Agreement and
the other Financing Agreements are true and correct in all material respects
(except that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by
materiality in the text thereof) on and as of the date hereof, as if made on the
date hereof, except to the extent any such representation or warranty is made as
of a specified date, in which case such representation or warranty shall have
been true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof) as of such
date.

(d)Each Borrower and each Guarantor, as debtor, grantor, pledgor, guarantor,
assignor, or in any other similar capacity in which such Borrower or Guarantor
grants liens or security interests in its property or otherwise acts as
accommodation party or guarantor, as the case may be, hereby (i) ratifies and
reaffirms all of its payment and performance obligations, contingent or
otherwise, under each of the Financing Agreements to which it is a party (after
giving effect hereto) and (ii) to the extent such Borrower or Guarantor granted
liens on or security interests in any of its property pursuant to any such
Financing Agreement as security for or otherwise guaranteed the Obligations
under or with respect to the Financing Agreements, ratifies and reaffirms such
guarantee and grant of security interests and liens and confirms and agrees that
such security interests and liens hereafter secure all of the Obligations as
amended hereby.

(e)No Default or Event of Default exists or has occurred and is continuing as of
the date of this Amendment No. 3, or would result after giving effect thereto.

3.Condition Precedent.  The amendments contained herein shall only be effective
upon the satisfaction of each of the following conditions precedent in a manner
satisfactory to Administrative Agent:

(a)receipt by Administrative Agent of counterparts of this Amendment No. 3, duly
authorized, executed and delivered by the parties hereto (including all Lenders
required for the amendments provided for herein);

(b)receipt by Administrative Agent of a true and correct copy of any consent,
waiver or approval (if any) to or of this Amendment No. 3, which any Borrower is
required to obtain from any other Person; and

(c)no Default or Event of Default shall exist or have occurred and be continuing
as of the date of this Amendment No. 3, or would result after giving effect
thereto.

4.Effect of this Amendment.  Except as expressly amended pursuant hereto, no
other changes or modifications to the Financing Agreements are intended or
implied, and, in all other respects, the Financing Agreements are hereby
specifically ratified, restated and confirmed by all

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parties hereto as of the effective date hereof.  To the extent that any
provision of the Loan Agreement or any of the other Financing Agreements are
inconsistent with the provisions of this Amendment No. 3, the provisions of this
Amendment No. 3 shall control.  By executing this Amendment No. 3, each Borrower
and each Guarantor is deemed to execute the Loan Agreement and to be bound by
the terms and conditions thereof.

5.Further Assurances.  Borrowers and Guarantors shall execute and deliver such
additional documents and take such additional action as may be reasonably
requested by Administrative Agent to effectuate the provisions and purposes of
this Amendment No. 3.

6.Governing Law.  The validity, interpretation and enforcement of this Amendment
No. 3 and the other Financing Agreements (except as otherwise provided therein)
and any dispute arising out of the relationship between the parties hereto,
whether in contract, tort, equity or otherwise, shall be governed by the
internal laws of the State of Illinois but excluding any principles of conflicts
of law or other rule of law that would cause the application of the law of any
jurisdiction other than the laws of the State of Illinois.

7.Binding Effect.  This Amendment No. 3 shall be binding upon and inure to the
benefit of each of the parties hereto and their respective successors and
assigns.

8.Headings.  The headings listed herein are for convenience only and do not
constitute matters to be construed in interpreting this Amendment No. 3.

9.Counterparts.  This Amendment No. 3 may be executed in any number of
counterparts, each of which shall be an original, but all of which taken
together shall constitute one and the same agreement.  Delivery of an executed
counterpart of this Amendment No. 3 by telefacsimile or other electronic method
of transmission shall have the same force and effect as the delivery of an
original executed counterpart of this Amendment No. 3.  Any party delivering an
executed counterpart of this Amendment No. 3 by telefacsimile or other
electronic method of transmission shall also deliver an original executed
counterpart, but the failure to do so shall not affect the validity,
enforceability or binding effect of such agreement.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be
duly executed and delivered by their authorized officers as of the day and year
first above written.

ADMINISTRATIVE AGENT

WELLS FARGO CAPITAL FINANCE, LLC, as Administrative Agent

By:__________________________________

Title:________________________________

 

 

 

 

 

 

 

 

 

 

BORROWERS

SPARTANNASH COMPANY, formerly known as Spartan Stores, Inc.

By: /s/Mark E. Shamber

Title: Executive Vice President and CFO

 

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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SPARTAN STORES DISTRIBUTION, LLC
MARKET DEVELOPMENT, LLC
SPARTANNASH ASSOCIATES, LLC
FAMILY FARE, LLC
MSFC, LLC
SEAWAY FOOD TOWN, INC.
THE PHARM OF MICHIGAN, INC.
VALLEY FARM DISTRIBUTING CO.
GRUBER’S REAL ESTATE, LLC
PREVO’S FAMILY MARKETS, INC.
CUSTER PHARMACY, INC.
SPARTAN PROPERTIES MANAGEMENT, INC.
SPARTAN STORES FUEL, LLC

By: /s/Mark E. Shamber

Title: Executive Vice President and CFO

 

NASH-FINCH COMPANY

PIQUE BRANDS, INC.

T.J. MORRIS COMPANY

SUPER FOOD SERVICES, INC.

U SAVE FOODS, INC.

HINKY DINKY SUPERMARKETS, INC.

GTL TRUCK LINES, INC.

ERICKSON’S DIVERSIFIED CORPORATION

MDV SPARTANNASH, LLC

 

By: /s/Mark E. Shamber

Title: Executive Vice President and CFO

 

 

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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LENDERS

WELLS FARGO CAPITAL FINANCE, LLC, as a Lender

By:__________________________________

Title:________________________________

 

 

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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BANK OF AMERICA, N.A.,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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PNC BANK, NATIONAL ASSOCIATION,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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BMO HARRIS BANK N.A.,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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FIFTH THIRD BANK,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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JPMORGAN CHASE BANK, N.A.,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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CITIZENS BUSINESS CAPITAL, A DIVISION OF CITIZENS BANK, N.A.,
as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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MUFG UNION BANK, N.A., as a Lender

 

By:

Name:

Title:

 

[Signature Page to Amendment No. 3 (Spartan)]

 

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U.S. BANK NATIONAL ASSOCIATION,
as a Lender

 

By:

Name:

Title:

 

 

[Signature Page to Amendment No. 3 (Spartan)]