Exhibit 10.2

 

THIRD AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

This Third Amendment to Third Amended and Restated Credit Agreement (this
“Amendment”) is made as of this 19th day of April, 2017, among CORESITE, L.P., a
Delaware limited partnership (the “Borrower”), KEYBANK NATIONAL ASSOCIATION, as
Administrative Agent (the “Agent”), on behalf of itself and certain other
lenders (each a “Lender” and collectively, the “Lenders”) and the Lenders party
thereto. Unless otherwise defined herein, terms defined in the Credit Agreement
set forth below shall have the same meaning herein.

 

W I T N E S S E T H:

 

WHEREAS, the Borrower the Agent and the Lenders have entered into a certain
Third Amended and Restated Credit Agreement dated as of June 24, 2015, as
amended pursuant to that certain First Amendment to Third Amended and Restated
Credit Agreement dated as of February 2, 2016 and that certain Second Amendment
to Third Amended and Restated Credit Agreement dated as of June 15, 2016 (as
amended and in effect, the “Credit Agreement”); and

 

WHEREAS, the Borrower, the Agent and the Lenders have agreed to further amend
the Credit Agreement as set forth herein.

 

NOW, THEREFORE, in consideration of the mutual promises and agreements herein
contained, the Credit Agreement is hereby amended as follows:

 

1.                                      The definition of “2014 Term Loan
Agreement” in Section 1.1 of the Credit Agreement is hereby deleted in its
entirety and the following is substituted in its stead:

 

2014 Term Loan Agreement.  That certain Term Loan Agreement dated as of
January 31, 2014, as amended and restated by that certain Amended and Restated
Term Loan Agreement dated as of April 19, 2017 by and among CoreSite, L.P., as
borrower, and the Royal Bank of Canada, as administrative agent for itself and
on behalf of other lenders and the lenders party thereto as amended, restated,
extended, supplemented and otherwise modified from time to time and as
refinanced and replaced from time to time, to the extent such refinancing or
replacement is designated by Parent Borrower in writing to the Agent as a
refinancing or replacement of the 2014 Term Loan Agreement.

 

2.                                      The following definitions are hereby
deleted from Section 1.1 of the Credit Agreement:

 

CoreSite 900.  See § 5.3.

 

CoreSite 2901. See § 5.3.

 

CoreSite McCarthy. See § 5.3.

 

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3.                                      The definition of “Senior Notes” in
Section 1.1 of the Credit Agreement is hereby amended by deleting the “,”
following “2023” and adding the following new clause thereto “and Parent
Borrower’s $175,000,000 aggregate principal amount of 3.91% Senior Notes due
2024, each”.

 

4.                                      The definition of “Subsidiary
Guarantors” in Section 1.1 of the Credit Agreement is hereby amended by
deleting  “CoreSite Real Estate 900 N. Alameda, L.L.C., a Delaware limited
liability company, CoreSite Real Estate 2901 Coronado, L.L.C., a Delaware
limited liability company, CoreSite Real Estate 1656 McCarthy, L.L.C., a
Delaware limited liability company,” and replacing it with “CoreSite Real Estate
900 N. Alameda, L.P., a Delaware limited partnership, CoreSite Real Estate 2901
Coronado, L.P., a Delaware limited partnership, CoreSite Real Estate 1656
McCarthy, L.P., a Delaware limited partnership,”.

 

5.                                      Section 4.4(c) of the Credit Agreement
shall be amended by (i) adding “W-8BEN-E,” in section (x) after “Internal
Revenue Service Form W-8BEN,” and (ii) adding “or W-8BEN-E” in section (y) after
“Internal Revenue Service Form W-8BEN” in both instances.

 

6.                                      Section 5.3 of the Credit Agreement
shall be amended by deleting the proviso “Without limiting the foregoing, each
of CoreSite Real Estate 1656 McCarthy, L.L.C. (“CoreSite McCarthy”), CoreSite
Real Estate 2901 Coronado, L.L.C. (“CoreSite 2901”) and CoreSite Real Estate 900
N. Alameda, L.L.C. (“CoreSite 900”) may transfer any Eligible Real Estate
currently owned by such entities to any Subsidiary of such entities, and upon
any such transfer, such Subsidiary shall become a Subsidiary Guarantor pursuant
to the terms and documentation required under this Section 5.3.”

 

7.                                      Section 5.4 of the Credit Agreement
shall be amended by deleting the proviso “In addition to the foregoing, upon the
transfer of any Eligible Real Estate owned by any of CoreSite McCarthy, CoreSite
2901 or CoreSite 900 to a Subsidiary of any of such entities as provided in
Section 5.3 above, upon the joinder of such Subsidiary as a Subsidiary Guarantor
as provided pursuant to the terms of Section 5.3 above, CoreSite McCarthy,
CoreSite 2901 or CoreSite 900, as applicable, shall be automatically released
from its obligations under the Guaranty and shall no longer be a Subsidiary
Guarantor.”

 

8.                                      Section 8.7(a) of the Credit Agreement
shall be amended by adding “or Treasury Regulations Section 1.337(d)-7” after
“Treasury Regulations Section 1.337(d)-6”.

 

9.                                      Representations and Warranties.

 

(a)                                 The Loan Parties hereby represent, warrant
and covenant with Agent and Lenders that, as of the date hereof:

 

(i)                                     All representations and warranties made
in the Credit Agreement and other Loan Documents remain and continue to be true
and correct in all material respects, except to the extent that such
representations and warranties expressly refer to an earlier date.

 

(ii)                                  To the knowledge of the Loan Parties,
there exists no Default or Event of Default under any of the Loan Documents.

 

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10.                               This Amendment, which may be executed in
multiple counterparts, constitutes the entire agreement of the parties regarding
the matters contained herein and shall not be modified by any prior oral or
written discussions.  Delivery of an executed counterpart of a signature page of
this Amendment by telecopy or other electronic imaging transmission (e.g. PDF by
email) shall be effective as delivery of a manually executed counterpart of this
Amendment.  The Borrower hereby ratifies, confirms and reaffirms all of the
terms and conditions of the Credit Agreement, and each of the other Loan
Documents, and further acknowledges and agrees that all of the terms and
conditions of the Credit Agreement shall remain in full force and effect except
as expressly provided in this Amendment.

 

11.                               Any determination that any provision of this
Amendment or any application hereof is invalid, illegal or unenforceable in any
respect and in any instance shall not affect the validity, legality or
enforceability of such provision in any other instance, or the validity,
legality or enforceability of any other provisions of this Amendment.

 

12.                               This Amendment shall be governed by and
construed in accordance with the laws of the State of New York, including,
without limitation, New York General Obligations Law Section 5-1401.

 

[SIGNATURES ON FOLLOWING PAGE]

 

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It is intended that this Amendment take effect as an instrument under seal as of
the date first written above.

 

 

BORROWER:

 

 

 

CORESITE, L.P., a Delaware limited partnership, by its general partner, CoreSite
Realty Corporation, a Maryland corporation

 

 

 

By:

/s/ Jeffrey S. Finnin

 

Name:

Jeffrey S. Finnin

 

Title:

Chief Financial Officer

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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AGENT AND LENDERS:

 

 

 

KEYBANK NATIONAL ASSOCIATION, individually and as Agent

 

 

 

 

 

 

 

By:

/s/ Jessica Lauerhass

 

Name:

Jessica Lauerhass

 

Title:

Assistant Vice President

 

 

 

 

KeyBank National Association

 

225 Franklin Street

 

Boston, Massachusetts 02110

 

Attention: Gregory W. Lane

 

Telephone:

617-385-6212

 

Facsimile:

617-385-6293

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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BANK OF AMERICA, N.A.

 

 

 

 

 

 

 

By:

/s/ Dennis Kwan

 

Name:

Dennis Kwan

 

Title:

Vice President

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Kevin A. Stacker

 

Name:

Kevin A. Stacker

 

Title:

Senior Vice President

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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ROYAL BANK OF CANADA

 

 

 

 

 

 

 

By:

/s/ Rina Kansagra

 

Name:

Rina Kansagra

 

Title:

Authorized Signatory

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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PNC BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Brandon K. Fiddler

 

Name:

Brandon K. Fiddler

 

Title:

Senior Vice President

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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REGIONS BANK

 

 

 

 

By:

/s/ John Fulton

 

Name:

John Fulton

 

Title:

AVP

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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COBANK, ACB

 

 

 

 

By:

/s/ Jacqueline Bove

 

Name:

Jacqueline Bove

 

Title:

Vice President

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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CITIBANK, N.A.

 

 

 

 

By:

/s/ John C. Rowland

 

Name:

John C. Rowland

 

Title:

Vice President

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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TORONTO DOMINION (TEXAS) LLC

 

 

 

By:

/s/ Lexanne Cooper

 

Name:

Lexanne Cooper

 

Title:

Authorized Signatory

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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THE BANK OF NOVA SCOTIA

 

 

 

By:

/s/ Jason Rinne

 

Name:

Jason Rinne

 

Title:

Director

 

Signature page to Third Amendment to Third Amended and Restated Credit Agreement

 

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