Exhibit 10.1

 

FIRST AMENDMENT TO
AMENDED AND RESTATED
CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT (the “First
Amendment”), dated as of June     , 2005, is to that certain Amended and
Restated Credit Agreement dated as of March 9, 2005 (as amended, restated,
supplemented and modified from time to time, the “Credit Agreement”; terms used
but not otherwise defined herein shall have the meanings provided in the Credit
Agreement), by and among IMS HEALTH INCORPORATED, a Delaware corporation (the
“Company”), IMS AG, a Swiss corporation (the “Swiss Borrower”), IMS JAPAN K.K.,
a Japanese corporation (the “Japanese Borrower”; and together with the Company
and the Swiss Borrower, each a “Borrower” and collectively, the “Borrowers”),
the several banks and other financial institutions identified therein (the
“Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for
the Lenders thereunder (in such capacity, the “Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Lenders have established a credit facility for the benefit of the
Borrowers pursuant to the terms of the Credit Agreement;

 

WHEREAS, the Borrowers have requested that the Lenders amend certain provisions
of the Credit Agreement by making certain modifications thereto; and

 

WHEREAS, the Lenders have agreed to the requested amendments to the Credit
Agreement on the terms and conditions hereinafter set forth;

 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

A.                                   Amendments to Credit Agreement.  Subject to
the satisfaction of the condition precedent set forth in Paragraph D below, the
Credit Agreement is hereby amended in the following respects:

 

1.                                       Clause (f) in the definition of
“Indebtedness” in Section 1.1 of the Credit Agreement is hereby deleted in its
entirety and replaced with the following

 

(f) all net mark-to-market obligations under Hedging Agreements.

 

2.                                       Section 4.3(b) of the Credit Agreement
is hereby deleted in its entirety and replaced with the following:

 

(b)                                 any Extension of Credit to any Foreign
Borrower is subject to the receipt by the Administrative Agent, prior to such
Extension of Credit, of a certificate executed by a Responsible Officer of the
Company dated as of the date of such Extension of Credit stating that, after
giving effect to such Extension of Credit, the Company and the Foreign Borrowers
would be in compliance with the requirements set forth in Section 6.7, which
certificate shall include a detailed listing of any Indebtedness incurred by the
Foreign Borrowers since the Closing Date (other than any intercompany
Indebtedness or any Extensions of Credit

 

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hereunder) including the aggregate amount outstanding with respect to such
Indebtedness as of such date; and

 

3.                                       Section 6.7 of the Credit Agreement is
hereby deleted in its entirety and replaced with the following:

 

No Subsidiary, other than the Foreign Borrowers, will create, incur, assume, or
suffer to exist any Indebtedness (other than intercompany Indebtedness) that,
when totaled with all other Indebtedness of the Subsidiaries, other than the
Foreign Borrowers, is in excess of $50,000,000; provided, that the Japanese
Borrower and the Swiss Borrower, collectively, may not incur Indebtedness (other
than intercompany Indebtedness) in an aggregate amount in excess of $500,000,000
(including any Extensions of Credit incurred by the Foreign Borrowers
hereunder).

 

B.                                     Effect of Amendment.  Except as modified
hereby, all of the terms and provisions of the Credit Agreement (including the
Schedules and Exhibits) and the other Credit Documents remain in full force and
effect.

 

C.                                     Representations and Warranties of the
Borrowers.  Each of the Borrowers hereby represents and warrants that:

 

(a)                                  The execution and delivery of this First
Amendment does not diminish or reduce its obligations under the Credit Documents
(including, without limitation, the obligations under Section 9.19 of the Credit
Agreement) in any manner, except as specifically set forth herein.

 

(b)                                 The representations and warranties contained
in Article III of the Credit Agreement, as amended hereby are correct in all
material respects on and as of the date hereof as though made on and as of such
date and after giving effect to the amendments contained herein (except to the
extent relating specifically to a prior date in which case such representations
and warranties shall be true and correct as of such prior date).

 

(c)                                  No Default or Event of Default exists on
and as of the date hereof and after giving effect to the amendments contained
herein.

 

D.                                    Conditions Precedent.   This First
Amendment shall become effective upon receipt by the Administrative Agent of
counterparts of this First Amendment, which shall have been duly executed on
behalf of the Company, the Swiss Borrower and the Japanese Borrower and the
Required Lenders under the Credit Agreement.

 

E.                                      Counterparts.  This First Amendment may
be executed in any number of counterparts, each of which when so executed and
delivered shall be deemed an original and it shall not be necessary in making
proof of this First Amendment to produce or account for more than one such
counterpart.

 

F.                                      Governing Law.  This First Amendment and
the Credit Agreement, as amended hereby, shall be deemed to be contracts made
under, and for all purposes shall be construed in accordance with the laws of
the State of New York.

 

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
First Amendment to be duly executed and delivered as of the date and year first
above written.

 

 

COMPANY:

IMS HEALTH INCORPORATED,

 

 

a Delaware corporation

 

 

 

 

 

 

By:

  /s/ Robert H. Steinfeld

 

 

Name:

Robert H. Steinfeld

 

 

Title:

Senior Vice President, General Counsel

 

 

 

and Corporate Secretary

 

 

 

 

 

 

 

 

 

 

By:

  /s/ Jeffrey J. Ford

 

 

Name:

Jeffrey J. Ford

 

 

Title:

Vice President and Treasurer

 

 

 

 

 

 

 

 

 

SWISS BORROWER:

IMS AG,

 

 

a Swiss corporation

 

 

 

 

 

 

 

 

 

 

By:

  /s/ Guido Lehmann

 

/s/

Peter Echser

 

 

Name:

Guido Lehmann

 

Peter Echser

 

Title:

Center Leader

 

Director

 

 

 

 

JAPANESE BORROWER:

IMS JAPAN K.K.,

 

 

a Japanese corporation

 

 

 

 

 

 

 

 

 

 

By:

  /s/ Tatsuyuki Saeki

 

 

Name:

Tatsuyuki Saeki

 

 

Title:

President & Representative Director

 

 

 

 

 

 

 

 

 

 

[Signature pages continue]

 

 

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ADMINISTRATIVE AGENT:

WACHOVIA BANK,

 

NATIONAL ASSOCIATION,

 

 

as Administrative Agent

 

 

 

 

By:

/s/ Robert Sevin

 

 

Name:

Robert Sevin

 

Title:

Director

 

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LENDERS:

 

 

 

 

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION,

 

as Lender

 

 

 

 

By:

/s/ Robert Sevin

 

 

Name:

Robert Sevin

 

Title:

Director

 

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BARCLAYS BANK PLC

 

 

 

 

 

By:

/s/ Nicholas Bell

 

 

Name:

Nicholas Bell

 

Title:

Director

 

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ABN AMRO BANK N.V.

 

 

 

 

 

 

 

By:

/s/ Nancy W. Lanzoni

 

 

Name:

Nancy W. Lanzoni

 

Title:

Director

 

 

 

 

By:

/s/ Eric Oppenheimer

 

 

Name:

Eric Oppenheimer

 

Title:

Director

 

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SUNTRUST BANK

 

 

 

 

 

By:

/s/ Mark D. Mattson

 

 

Name:

Mark D. Mattson

 

Title:

Managing Director

 

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FORTIS CAPITAL CORP.

 

 

 

 

 

By:

/s/ Svein Engh

 

 

Name:

Svein Engh

 

Title:

Managing Director

 

 

 

 

 

 

 

By:

/s/ Christina M. Reynolds

 

 

Name:

Christina M. Reynolds

 

Title:

Senior Vice President

 

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KEYBANK NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Jeff Kalinowski

 

 

Name:

Jeff Kalinowski

 

Title:

Senior Vice President

 

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MIZUHO CORPORATE BANK LIMITED

 

 

 

 

 

By:

/s/ Raymond Ventura

 

 

Name:

Raymond Ventura

 

Title:

Senior Vice President

 

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BNP PARIBAS

 

 

 

 

 

By:

/s/ Shayn March

 

 

Name:

Shayn March

 

Title:

Director

 

 

 

 

By:

/s/ Simone Vinocour

 

 

Name:

Simone Vinocour

 

Title:

Vice President

 

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CITIZENS BANK OF MASSACHUSETTS

 

 

 

 

 

By:

/s/ Daniel G. Eastman

 

 

Name:

Daniel G. Eastman

 

Title:

Senior Vice President

 

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UBS LOAN FINANCE LLC

 

 

 

 

 

By:

/s/ Wilfred V. Saint

 

 

Name:

Wilfred V. Saint

 

Title:

Director

 

 

 

 

By:

/s/ Richard L. Tavrow

 

 

Name:

Richard L. Tavrow

 

Title:

Director

 

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BANK OF AMERICA, N.A.

 

 

 

 

 

By:

/s/ Martin Ollinger

 

 

Name:

Martin Ollinger

 

Title:

Vice President

 

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THE NORTHERN TRUST COMPANY

 

 

 

 

 

By:

/s/ Ashish S. Bhagwat

 

 

Name:

Ashish S. Bhagwat

 

Title:

Vice President

 

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