Exhibit (10)(a)(3)

 

 

SECOND AMENDMENT

TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is entered into as of August 29, 2003, among ALLTEL CORPORATION, a
Delaware corporation (the "Company"), the BANKS (hereinafter defined), the
CO-SYNDICATION AGENTS (hereinafter defined), and BANK OF AMERICA, N.A., as
Administrative Agent (hereinafter defined) for the Banks.

R E C I T A L S

A.     The Company entered into the Amended and Restated Credit Agreement dated
as of June 28, 2001 (as heretofore amended or modified, the "Agreement"), with
certain Banks (herein so called), certain Co-Syndication Agents (herein so
called), and Bank of America, N.A., as Administrative Agent (herein so called)
for the Banks, providing for revolving credit loans and competitive bid loans in
the aggregate principal amount of up to $1,000,000,000. Unless otherwise
indicated herein, all capitalized terms used herein shall have the meaning set
forth in the Agreement and all Section references herein are to sections in the
Agreement.

B.     Immediately prior to the effectiveness of this Amendment, the Commitment
of National City Bank has been transferred to, and assumed by, Bank One, NA.

C.     The Company has requested that the Agreement be amended to extend to
October 1, 2005 the Commitment assumed by Bank One, NA. The Banks have agreed to
amend the Agreement as set forth herein.

In consideration of the foregoing and the mutual covenants contained herein, the
Company, the Banks, the Co-Syndication Agents, and the Administrative Agent
agree as follows:

1.      Amendments.

The second recital of the Agreement is amended to read in its entirety as
follows:

WHEREAS, the Total Commitments equal $1,000,000,000 as of the Restatement
Effective Date;

b.    Section 1.1(b) is amended to read in its entirety as follows:

> > > (b)         The Termination Date of the Commitment of each Bank has been
> > > extended to, and is now, October 1, 2005.

2.    Representations.     As a material inducement to the Banks and the
Administrative Agent to execute and deliver this Amendment, the Company
represents and warrants to the Banks and the Administrative Agent that (a) the
Company has all requisite corporate authority and power to execute, deliver, and
perform its obligations under this Amendment, which execution, delivery, and
performance have been duly authorized by all necessary corporate action, require
no Governmental Approvals, and do not violate its certificate of incorporation
or its bylaws or the Agreement, (b) upon execution and delivery 

 

1

by the Company, the Administrative Agent, and the Required Banks, this Amendment
will constitute the legal and binding obligation of the Company, enforceable
against it in accordance with this Amendment's terms, except that enforceability
may be limited by general principles of equity or by bankruptcy or insolvency
laws or similar laws affecting creditors' rights generally, and (c) no Default
or Event of Default has occurred and is continuing.

3.

   Conditions Precedent to Effectiveness.    This Amendment shall not become
effective unless and until the Administrative Agent receives counterparts of
this Amendment executed by the Company, Bank One, NA, the Required Banks, and
the Administrative Agent.

4.

   Expenses.    The Company shall pay all reasonable costs, fees, and expenses
paid or incurred by the Administrative Agent incident to this Amendment,
including, without limitation, the reasonable fees and expenses of the
Administrative Agent's counsel in connection with the negotiation, preparation,
delivery, and execution of this Amendment and any related documents.

5.

   Miscellaneous.    Unless stated otherwise herein, (a) the singular number
includes the plural and vice versa and words of any gender include each other
gender, in each case, as appropriate, (b) headings and captions shall not be
construed in interpreting provisions of this Amendment, (c) this Amendment shall
be governed by and construed in accordance with the laws of the State of North
Carolina, (d) if any part of this Amendment is for any reason found to be
unenforceable, all other portions of it shall nevertheless remain enforceable,
(e) this Amendment may be executed in any number of counterparts with the same
effect as if all signatories had signed the same document, and all of those
counterparts shall be construed together to constitute the same document, (f)
this Amendment, the Agreement, as amended by this Amendment, and the other Loan
Documents constitute the entire agreement and understanding among the parties
hereto and supercede any and all prior agreements and understandings, oral or
written, relating to the subject matter hereof, and (g) except as provided in
this Amendment, the Agreement, the Notes, and the other Loan Documents are
unchanged and are ratified and confirmed.

6.

   Parties.    This Amendment binds and inures to the benefit of the Company,
the Administrative Agent, the Banks and their respective successors and assigns,
subject to Section 9.7.

The parties hereto have executed this Amendment in multiple counterparts as of
the date first above written.

[REMAINDER OF PAGE INTENTIONALLY BLANK.

SIGNATURE PAGES FOLLOW.]

 

 

 

 

 

 

 

 

 

2

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

 

ATTEST:

By:        /s/ Scott Settelmyer

             Title: Treasurer

 

[Corporate Seal]

ALLTEL CORPORATION,

as the Company

By:          /s/ Scott T. Ford

              Name:     Scott T. Ford

              Title:        President & CEO

 

   

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

 

> > > > BANK OF AMERICA, N.A.

, in its capacity as Administrative Agent and in its individual capacity as a
Bank

 

By:

/s/ Todd Shipley                                         

Name:  Todd Shipley                                  

Title:     Managing Director                          

> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > > > 
> > > > > > > >  
> > > > > > 
> > > > > >  
> > > > > > 
> > > > > >  

 

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > BANK ONE, NA
> > > > 
> > > > , in its individual capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > >  
> > > > 
> > > > By: /s/ Matthew J. Reilly                                          
> > > > Name:   Matthew J. Reilly                                   Title:     
> > > > Director                                               
> > > > 
> > > > > > > > > > > >  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > CITIBANK, N.A.
> > > > 
> > > > , in its capacity as a Co-Syndication Agent and in its individual
> > > > capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > > > > > > > > > >  
> > > > 
> > > > By:
> > > > 
> > > > /s/ Charles Foster                                               
> > > > 
> > > > 
> > > > 
> > > > Name:   Charles Foster
> > > > 
> > > > 
> > > > 
> > > > Title:      Managing Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > MERRILL LYNCH BANK USA,
> > > > 
> > > > in its individual capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > >  
> > > > 
> > > > By:
> > > > 
> > > > /s/ Louis Alder                                              
> > > > 
> > > > 
> > > > 
> > > > Name:   Louis Alder                                      
> > > > 
> > > > 
> > > > 
> > > > Title:      Vice President                                 
> > > > 
> > > > > > > > > > > >  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > PNC BANK, NATIONAL ASSOCIATION
> > > > 
> > > > , in its individual capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > > > > > > > > > >  
> > > > 
> > > > By: /s/ Philip K. Liebscher                                      
> > > > Name:   Philip K. Liebscher                              Title:     
> > > > Vice President                                    
> > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > UNION BANK OF CALIFORNIA, N.A.,
> > > > 
> > > > in its individual capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > > > > > > > > > >  
> > > > 
> > > > By: /s/ Richard Vian                                                 
> > > > Name:   Richard Vian                                         Title:     
> > > > Assistant Vice President                       
> > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  

> > > > > > > > > >  

 

Signature Page to that certain Second Amendment to Amended and Restated Credit
Agreement dated as of August 29, 2003, among ALLTEL Corporation, certain Banks,
certain Co-Syndication Agents, and Bank of America, N.A., as Administrative
Agent.

> > > > WACHOVIA BANK, NATIONAL ASSOCIATION
> > > > 
> > > > , f/k/a FIRST UNION NATIONAL BANK, in its individual capacity as a Bank
> > > > 
> > > > 
> > > > 
> > > > > > > > > > > >  
> > > > 
> > > > By:
> > > > 
> > > > /s/ Mark L. Cook                                                   
> > > > 
> > > > 
> > > > 
> > > > Name:   Mark L. Cook
> > > > 
> > > > 
> > > > 
> > > > Title:      Director
> > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  

 

 

 

 

> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >  
> > > > > > > > > > 
> > > > > > > > > >