Exhibit 10.6

SECOND AMENDMENT AND WAIVER TO CREDIT AGREEMENT

This SECOND Amendment AND WAIVER to Credit Agreement (this “Amendment”),
effective as of the 31st day of January, 2014, is entered into by and among
SYSCO CORPORATION, a Delaware corporation (the “Company”), SYSCO INTERNATIONAL,
ULC, a British Columbia unlimited liability company (the “Canadian Borrower”
and, together with the Company, the “Borrowers”), the Guarantors party hereto
(the “Guarantors”), the Lenders party hereto (the “Lenders”), JPMorgan Chase
Bank, N.A., as U.S. Administrative Agent (the “U.S. Administrative Agent”) and
as Issuing Bank (the “Issuing Bank”) and JPMorgan Chase Bank, N.A., TORONTO
BRANCH, as Canadian Administrative Agent (the “Canadian Administrative Agent”).

RECITALS

WHEREAS, the Borrowers, the Guarantors, the Lenders, the U.S. Administrative
Agent and the Canadian Administrative Agent entered into that certain Credit
Agreement dated as of December 29, 2011 (as amended hereby and as otherwise
amended or restated from time to time, including by the Waiver referenced below,
the “Credit Agreement”); and

WHEREAS, pursuant to Section 2.21(a) of the Credit Agreement, the Company
delivered written notice to the U.S. Administrative Agent on November 26, 2013,
requesting an extension of the Maturity Date to December 29, 2018 (the
“Extension”); and

WHEREAS, pursuant to that certain Limited Waiver dated as of January 30, 2014 by
and among the Company, the Lenders party thereto and the U.S. Administrative
Agent (the “Waiver”), the parties thereto agreed to waive compliance with the
requirement in Section 2.21(b) of the Credit Agreement with respect to the
timing of each Lender’s decision to agree or withhold agreement to the Extension
until January 31, 2014; and

WHEREAS, the Company desires to increase the U.S. Commitments pursuant to
Section 2.20 of the Credit Agreement (the “2014 Increase”); and

WHEREAS, certain Lenders (each an “Exiting Lender” and collectively the “Exiting
Lenders”) have elected not to participate in the Extension or the 2014 Increase;
and

WHEREAS, the Exiting Lenders no longer desire to be Lenders under the Credit
Agreement and wish to reallocate their Commitments among the other Lenders; and

WHEREAS, in connection with the 2014 Increase, certain banks and financial
institutions named on Annex I hereto have requested to join the Credit Agreement
as Lenders (each a “New Lender” and collectively, the “New Lenders”); and

WHEREAS, the Company has requested the Lenders, the U.S. Administrative Agent,
the Canadian Administrative Agent and the Issuing Bank to amend certain
provisions of the Credit Agreement in order to effect the Extension and the 2014
Increase; and

 

 

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WHEREAS, the U.S. Administrative Agent, the Canadian Administrative Agent, the
Issuing Bank and the Lenders are willing to so amend the Credit Agreement
subject to the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set
forth in this Amendment, the Borrowers, the Guarantors, the Lenders, the U.S.
Administrative Agent, the Canadian Administrative Agent and the Issuing Bank
agree as follows:

1.Defined Terms.  Unless otherwise defined herein, capitalized terms used herein
have the meanings assigned to them in the Credit Agreement.

2.Amendments to Section 1.01. 

(a)The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is
hereby deleted in its entirety and replaced with the following definition: 

“Maturity Date” means, subject to extension pursuant to Section 2.21, December
29, 2018.

(b)The definition of “Second Amendment Effective Date” as set forth below is
hereby added in alphabetical order to Section 1.01 of the Credit Agreement:

“Second Amendment Effective Date” means January 31, 2014.

(c)The last sentence in the definition of “U.S. Commitment” in Section 1.01 of
the Credit Agreement is hereby deleted in its entirety and replaced with the
following sentence:

“The aggregate amount of the Lenders’ U.S. Commitments as of the Second
Amendment Effective Date is $1,400,000,000.”

3.Amendment to Schedule 2.01.  Schedule 2.01 of the Credit Agreement, which
reflects the Commitments, is hereby deleted in its entirety and replaced with
Schedule 2.01 attached hereto.

4.Amendment to Section 5.09.  A new paragraph (d) as set forth below is hereby
added to Section 5.09 of the Credit Agreement. 

“In the event that the Company provides a guarantee of those certain 8.5% senior
notes due 2019 issued by USF Holding Corp., a Delaware corporation, the Company
shall, within thirty (30) days thereof, cause USF Holding Corp. to be a
Guarantor by causing USF Holding Corp. to execute and deliver a Joinder to the
U.S. Administrative Agent (to the extent not prohibited by applicable law or
contract; provided that if so prohibited and such prohibition is subsequently
removed, such Joinder shall be executed and delivered by USF Holding Corp. at
such time).  If at any time (x) the Company ceases to be a guarantor of such
notes

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and (y) USF Holding Corp. is released from its guarantees (if any) of other
Indebtedness of the Company, (i) USF Holding Corp. shall be automatically
released from its obligations hereunder, without any need for any formal action
by the U.S. Administrative Agent or any Lender, and (ii) the Company shall
provide notice of any such event to the U.S. Administrative Agent.   Upon the
written request of the Company, the U.S. Administrative Agent shall execute any
documents reasonably requested by the Company in order to acknowledge the
release of USF Holding Corp. from its obligations as a Guarantor.”

5.New Lenders.

(a)By its execution of this Amendment, each New Lender shall become a party to
the Credit Agreement as of the Second Amendment Effective Date and shall have
all the rights and obligations, severally and not jointly, of a “Lender” under
the Credit Agreement as if each were an original signatory thereto, and shall
agree, and does hereby agree, severally and not jointly, to be bound by the
terms and conditions set forth in the Credit Agreement as if each were an
original signatory thereto; and

(b)Each New Lender hereby advises each other party hereto that its respective
address for notices and its respective lending office shall be as set forth in
Annex I attached hereto.

6..Reallocation of Commitments.  Upon the Second Amendment Effective Date, (i)
the Commitments of the Exiting Lenders shall be reallocated among the Lenders to
reflect the Commitments set forth on Schedule 2.01 attached hereto and (ii) each
Exiting Lender shall cease to be a “Lender” under the Credit Agreement and the
Credit Agreement shall have no further force and effect as to such Exiting
Lenders other than such provisions that expressly survive termination of the
Commitments.  Each Exiting Lender joins in the execution of this Amendment
solely for the purpose of evidencing its agreement to this Section 6 and for no
other purpose. 

7.Limited Waiver Regarding 2014 Increase.  Subject to the terms and conditions
set forth herein, the parties signatory hereto hereby waive compliance with the
requirements contained in Section 2.20(a)  and Section 2.20 (d) of the Credit
Agreement with respect to the notice and other deliverables required to effect
the 2014 Increase.  The waiver set out in this Section 7  is limited to the
extent specifically set forth above and no other terms, covenants or provisions
of the Credit Agreement are intended to be affected hereby.  The waiver
contained in this Section 7 is granted only with respect to the 2014 Increase
and shall not apply to any other Increase.

8.Representations and Warranties.

(a)Each of the Borrowers and Guarantors hereby represents and warrants to the
U.S. Administrative Agent, the Canadian Administrative Agent, the Issuing Bank
and the Lenders that (i) the execution, delivery and performance of this
Amendment has been duly authorized by each of the Borrowers and Guarantors and
(ii) the Credit Agreement constitutes a legal, valid and

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binding obligation of each Borrower and Guarantor, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding
in equity or at law;

(b)The Company hereby represents and warrants to the U.S. Administrative Agent,
the Canadian Administrative Agent, the Issuing Bank and the Lenders that, as of
the Second Amendment Effective Date and immediately after giving effect to this
Amendment, (i) the representations and warranties of the Company set forth in
the Credit Agreement are true and correct in all material respects (without
duplication of any materiality qualifier) unless expressly made as of another
date, in which case such representations and warranties shall be true and
correct in all material respects (without duplication of any materiality
qualifier) and (ii) no Default has occurred and is continuing.

9.Conditions to Effectiveness.  This Amendment shall be effective as of the date
on which each of the following conditions shall have been satisfied:

(a)the receipt by the U.S. Administrative Agent of counterparts of this
Amendment duly executed by the Borrowers, the Guarantors, the Lenders (including
the New Lenders), the Issuing Bank and the Exiting Lenders;

(b)receipt by (i) each Lender that was a Lender prior to the Second Amendment
Effective Date (each, an “Existing Lender”) of an amended and restated
promissory note payable to the order of such Existing Lender and (ii) each New
Lender of a promissory note payable to the order of such New Lender, in each
case, to the extent requested not less than two Business Days prior to the date
hereof in accordance with Section 2.10(e) of the Credit Agreement; and

(c)payment by the Borrowers (i) to the U.S. Administrative Agent and the Lenders
of all amounts due and payable pursuant to that certain Extension Fee Letter
dated January 29, 2014 among the U.S. Administrative Agent, J.P. Morgan
Securities LLC and the Company and (ii) to the Applicable Agent of all amounts
outstanding immediately prior to the Second Amendment Effective Date under the
Credit Agreement in respect of each Exiting Lender.

10.Effect of this Agreement.  Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the U.S. Administrative
Agent, the Canadian Administrative Agent, the Issuing Bank and the Lenders under
the Credit Agreement, and shall not alter, modify, amend or in any way affect
any of the terms, conditions obligations, covenants or agreements of the
Borrowers and the Guarantors contained in the Credit Agreement, all of which are
ratified and affirmed in all respects and shall continue in full force and
effect.  Nothing herein shall be deemed to entitle any Borrower to a consent to,
or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement in similar or different circumstances.  As used in the Credit
Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar import shall,
from and after the Second Amendment Effective Date, unless the context otherwise
requires, mean the Credit Agreement after giving effect to this Amendment.

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11.Counterparts.  This Amendment may be signed in any number of counterparts,
which may be delivered in original, facsimile or other electronic form (i.e.,
“PDF”) each of which shall be construed as an original, but all of which
together shall constitute one and the same instrument.

12.Governing Law.  This Amendment shall be construed, and the rights of the
parties hereto determined, in accordance with and governed by the law of the
State of New York.

13.Final Agreement of the Parties.  Any previous agreement among the parties
with respect to the subject matter hereof is superseded by the Credit Agreement,
as amended by this Amendment.  Nothing in this Amendment, express or implied is
intended to confer upon any party other than the parties hereto any rights,
remedies, obligations or liabilities under or by reason of this Amendment.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized as of the date first
above written.

COMPANY:SYSCO CORPORATION

 

 

 

 

 

 

 

 

By:

/s/ Russell T. Libby

 

 

Name:

Russell T. Libby

 

 

Title:

Sr. Vice President, General Counsel & Corporate Secretary

 

 

 

 

 

 

Signature Page to Second Amendment to Credit Agreement

 

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CANADIAN BORROWER:SYSCO INTERNATIONAL, ULC

 

 

 

 

 

 

 

 

By:

/s/ Russell T. Libby

 

 

Name:

Russell T. Libby

 

 

Title:

President and Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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GUARANTORS:Lincoln Poultry & Egg Co.;

Sysco Albany, LLC;

Sysco Atlanta, LLC;

Sysco Baltimore, LLC;

Sysco Baraboo, LLC;

Sysco Boston, LLC;

Sysco Central Alabama, Inc.;

Sysco Central California, Inc.;

Sysco Central Florida, Inc.;

Sysco Central Illinois, Inc.;

Sysco Central Pennsylvania, LLC;

Sysco Charlotte, LLC;

Sysco Chicago, Inc.;

Sysco Cincinnati, LLC;

Sysco Cleveland, Inc.;

Sysco Columbia, LLC;

Sysco Connecticut, LLC;

Sysco Detroit, LLC;

Sysco Eastern Maryland, LLC;

Sysco Eastern Wisconsin, LLC;

Sysco Grand Rapids, LLC;

Sysco Gulf Coast, Inc.;

Sysco Hampton Roads, Inc.;

Sysco Indianapolis, LLC;

Sysco Intermountain, Inc.;

Sysco Iowa, Inc.;

Sysco Jackson, LLC;

Sysco Jacksonville, Inc.;

Sysco Kansas City, Inc.;

Sysco Knoxville, LLC;

Sysco Lincoln, Inc.;

Sysco Long Island, LLC;

Sysco Los Angeles, Inc.;

Sysco Louisville, Inc.;

Sysco Memphis, LLC;

Sysco Metro New York, LLC;

Sysco Minnesota, Inc.;

Sysco Montana, Inc.;

Sysco Nashville, LLC;

Signature Page to Second Amendment to Credit Agreement

 

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Sysco New Mexico, LLC;

Sysco North Dakota, Inc.;

Sysco Northern New England, Inc.;

Sysco Philadelphia, LLC;

Sysco Pittsburgh, LLC;

Sysco Portland, Inc.;

Sysco Raleigh, LLC;

Sysco Sacramento, Inc.;

Sysco San Diego, Inc.;

Sysco San Francisco, Inc.;

Sysco Seattle, Inc.;

Sysco South Florida, Inc.;

Sysco Southeast Florida, LLC;

Sysco Spokane, Inc.;

Sysco St. Louis, LLC;

Sysco Syracuse, LLC;

Sysco USA I, Inc.;

Sysco USA II, LLC;

Sysco Ventura, Inc.;

Sysco Virginia, LLC; and

Sysco West Coast Florida, Inc.

 

 

 

 

 

 

 

 

By:

/s/ Russell T. Libby

 

 

Name:

Russell T. Libby

 

 

Title:

Sr. Vice President and Secretary

 

 

Signature Page to Second Amendment to Credit Agreement

 

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JPMORGAN CHASE BANK, N.A.,
individually and as U.S. Administrative Agent and as Issuing Bank

 

 

 

 

 

 

 

 

By:

/s/ Barry Bergman

 

 

Name:

Barry Bergman

 

 

Title:

Managing Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,
individually and as Canadian Administrative Agent

 

 

 

 

 

 

 

 

By:

/s/ Barry Bergman

 

 

Name:

Barry Bergman

 

 

Title:

Managing Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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BANK OF AMERICA, N.A.

 

 

 

 

 

 

 

 

By:

/s/ Darren Bielawski

 

 

Name:

Darren Bielawski

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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BANK OF AMERICA, N.A. (CANADA BRANCH)

 

 

 

 

 

 

 

 

By:

/s/ Medina Sales de Andrade

 

 

Name:

Medina Sales de Andrade

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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WELLS FARGO BANK, N.A.

 

 

 

 

 

 

 

 

By:

/s/ Nathan R. Rantala

 

 

Name:

Nathan R. Rantala

 

 

Title:

Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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Wells Fargo Bank, N.A., Canadian Branch

 

 

 

 

 

 

 

 

By:

/s/ Marc Philippe Piche

 

 

Name:

Marc Philippe Piche

 

 

Title:

Regional Vice President & Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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TORONTO DOMINION (TEXAS) LLC

 

 

 

 

 

 

 

 

By:

/s/ Marie Fernandes

 

 

Name:

Marie Fernandes

 

 

Title:

Authorized Signatory

 

 

Signature Page to Second Amendment to Credit Agreement

 

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THE TORONTO-DOMINION BANK

 

 

 

 

 

 

 

 

By:

/s/ Marie Fernandes

 

 

Name:

Marie Fernandes

 

 

Title:

Authorized Signatory

 

 

Signature Page to Second Amendment to Credit Agreement

 

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GOLDMAN SACHS BANK USA

 

 

 

 

 

 

 

 

By:

/s/ Mark Walton

 

 

Name:

Mark Walton

 

 

Title:

Authorized Signatory

 

 

Signature Page to Second Amendment to Credit Agreement

 

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THE NORTHERN TRUST COMPANY

 

 

 

 

 

 

 

 

By:

/s/ Keith L. Burson

 

 

Name:

Keith L. Burson

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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BRANCH BANKING AND TRUST COMPANY

 

 

 

 

 

 

 

 

By:

/s/ Matt McCain

 

 

Name:

Matt McCain

 

 

Title:

Senior Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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COMERICA BANK

 

 

 

 

 

 

 

 

By:

/s/ L.J. Perenvi

 

 

Name:

L.J. Perenyi

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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PNC BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

By:

/s/ John Berry

 

 

Name:

John Berry

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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ZIONS FIRST NATIONAL BANK

 

 

 

 

 

 

 

 

By:

/s/ Thomas C. Etzel

 

 

Name:

Thomas C. Etzel

 

 

Title:

Senior Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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U.S. BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

By:

/s/ Jonathan F. Lindvall

 

 

Name:

Jonathan F. Lindvall

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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HSBC BANK USA, N.A.

 

 

 

 

 

 

 

 

By:

/s/ Sarah S Knudsen

 

 

Name:

Sarah S Knudsen

 

 

Title:

Vice President

 

 

Signature Page to Second Amendment to Credit Agreement

 

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THE BANK OF NEW YORK MELLON

 

 

 

 

 

 

 

 

By:

/s/ Robert Besser

 

 

Name:

Robert Besser

 

 

Title:

Managing Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. “RABOBANK NEDERLAND”, NEW
YORK BRANCH

 

 

 

 

 

 

 

By:

/s/ Jeff Geisbauer

 

 

Name:

Jeff Geisbauer

 

 

Title:

Executive Director

 

 

 

 

 

 

 

 

 

By:

/s/ D. Shane Bownds

 

 

Name:

D. Shane Bownds

 

 

Title:

Executive Director

 

 

Signature Page to Second Amendment to Credit Agreement

 

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SANTANDER BANK, N.A.

 

 

 

 

 

 

 

 

 

By:

/s/ Scott Wollard

 

 

Name:

Scott Wollard

 

 

Title:

Managing Director

 

 

 

 

 

Signature Page to Second Amendment to Credit Agreement

 

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ANNEX I

 

New Lenders

 

Name

Address

Primary Credit Contact Information

Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank Nederland”, New
York Branch

245 Park Avenue

New York, NY  10167

Jeff Geisbauer

Rabobank Nederland

Executive Director

15305 N. Dallas Parkway, Suite 1250

Addison, TX  75001

Telephone: (972) 419-5273

Facsimile: (972) 419-6315

E-mail:jeff.geisbauer@rabobank.com

Santander Bank, N.A.

45 E. 53rd Street

New York, NY  10022

Scott Wollard

Santander Bank, N.A.

Managing Director

45 E. 53rd Street

New York, NY  10022

Telephone: (212) 692-2514

E-mail:  scott.wollard@santander.us

 

 

 

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Schedule 2.01

 

COMMITMENTS

 

Lender

USD Facility

CAD Facility

Total

JPMorgan Chase Bank, N.A.

$
155,000,000 

--

$
155,000,000 

JPMorgan Chase Bank, N.A., Toronto Branch

--

$
30,000,000 
$
30,000,000 

Goldman Sachs Bank USA

$
175,000,000 
$
10,000,000 
$
185,000,000 

Toronto Dominion (Texas) LLC

$
170,000,000 

--

$
170,000,000 

The Toronto-Dominion Bank

--

$
15,000,000 
$
15,000,000 

Wells Fargo Bank, N.A.

$
170,000,000 

--

$
170,000,000 

Wells Fargo Bank, N.A., Canadian Branch

--

$
15,000,000 
$
15,000,000 

HSBC Bank USA, N.A.

$
120,000,000 

--

$
120,000,000 

U.S. Bank, N.A.

$
120,000,000 

--

$
120,000,000 

PNC Bank, National Association

$
70,000,000 
$
10,000,000 
$
80,000,000 

Santander Bank, N.A.

$
80,000,000 

--

$
80,000,000 

The Northern Trust Company

$
80,000,000 

--

$
80,000,000 

Branch Banking and Trust Company

$
50,000,000 
$
10,000,000 
$
60,000,000 

The Bank of New York Mellon

$
60,000,000 

--

$
60,000,000 

Zions First National Bank

$
60,000,000 

--

$
60,000,000 

Comerica Bank

$
40,000,000 
$
10,000,000 
$
50,000,000 

Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,"Rabobank Nederland" N.Y.
Branch

$
50,000,000 

--

$
50,000,000 

Total

$
1,400,000,000 
$
100,000,000 
$
1,500,000,000 

 

 

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