Exhibit 10.1
EXECUTION COPY
          FIRST AMENDMENT dated as of April 24, 2006 (this “Amendment”), to the
CREDIT AGREEMENT dated as of September 9, 2003, as amended and restated as of
January 31, 2006 (as amended. supplemented or otherwise modified from time to
time, the “Credit Agreement”), among DEX MEDIA, INC., DEX MEDIA WEST, INC., DEX
MEDIA WEST LLC (the “Borrower”), the lenders from time to time party thereto
(the “Lenders”), JPMORGAN CHASE BANK, N.A., as administrative agent and
collateral agent (in such capacities, the “Agent”), and the other agents parties
thereto.
          A. Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement.
          B. The Borrower, the Parent and Holdings have requested that the
Credit Agreement be amended so as to provide for (i) a new tranche of term loans
thereunder (the “New Tranche B-2 Term Loans”), the proceeds of which, together,
if necessary, with other available funds of the Borrower, will be used to
refinance all currently outstanding Tranche B Term Loans and which, except as
revised hereby, will have the same terms as the currently outstanding Tranche
B-1 Term Loans under the Credit Agreement, (ii) modifications to the Applicable
Rate for New Tranche B-2 Term Loans.
          C. Each existing Tranche B Lender (an “Existing Tranche B Term
Lender”) that executes and delivers a signature page to this Amendment (a
“Lender Addendum”) and agrees to convert its outstanding Tranche B Term Loans to
New Tranche B-2 Term Loans (a “Converting Tranche B-2 Term Lender”) will be
deemed (i) to have agreed to the terms of this Amendment, (ii) to have agreed to
convert its Tranche B Term Loans (“Existing Tranche B Term Loans”) outstanding
on the Amendment Effective Date (as defined herein) into New Tranche B-2 Term
Loans in an aggregate principal amount up to, but not in excess of, the
aggregate principal amount of such Existing Tranche B Term Loans, and (iii) upon
the Amendment Effective Date, to have converted such amount of its Existing
Tranche B Term Loans as is determined by J.P. Morgan Securities Inc., as sole
lead arranger and bookrunner for this Amendment (in such capacity, the “Lead
Arranger”), and the Borrower and notified to such Existing Tranche B Term Lender
into New Tranche B-2 Term Loans in an equal principal amount.
          D. Each Person (other than a Converting Tranche B-2 Term Lender in its
capacity as such) that executes and delivers a Lender Addendum and agrees to
make New Tranche B-2 Term Loans (an “Additional Tranche B-2 Term Lender”),
including any Existing Tranche B Term Lender that notifies the Lead Arranger
that it does not want to be a Converting Tranche B-2 Term Lender but is willing
to undertake a commitment to make and fund New Tranche B-2 Term Loans, will be
deemed (i) to have agreed to the terms of this Amendment and (ii) to have
committed to make New Tranche B-2 Term Loans to the Borrower on the Amendment
Effective Date (“Additional Tranche B-2 Term Loans”), in such amounts (not in
excess of any such commitment) as are determined by the Lead Arranger and the
Borrower and notified to such Additional Tranche B-2 Term Lender. The proceeds
of such Additional Tranche B-2 Term Loans will be used by the Borrower,
together, if necessary, with other available cash, to repay in full the
outstanding principal amount of Existing Tranche B Term Loans that are not
converted by Converting Tranche B-2 Term Lenders into New Tranche B-2 Term
Loans.

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          E. Each Lender other than a Converting Tranche B-2 Term Lender or an
Additional Tranche B-2 Term Lender, including any Existing Tranche B Term Lender
that executes and delivers a Lender Addendum solely in the capacity of an
Existing Tranche B Term Lender and not specifically as a Converting Tranche B-2
Term Lender or an Additional Tranche B-2 Term Lender, will be deemed to have
agreed to the terms of this Amendment but will not be deemed thereby to have
agreed to convert Existing Tranche B Term Loans into New Tranche B-2 Term Loans
or to have made any commitment to make New Tranche B-2 Term Loans.
          F. The Lenders are willing, subject to the terms and conditions set
forth in this Amendment, to effect such amendments to the Credit Agreement.
          G. The Converting Tranche B-2 Term Lenders and the Additional Tranche
B-2 Term Lenders (collectively, the “New Tranche B-2 Term Lenders”) are
severally willing to convert their Existing Tranche B Term Loans into New
Tranche B-2 Term Loans or to make New Tranche B-2 Term Loans, as the case may
be, subject to the terms and conditions set forth in this Amendment.
          Accordingly, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:
          SECTION 1. Amendments to the Credit Agreement. Effective as of the
Amendment Effective Date:
          (a) the definition of each of the following terms in Section 1.01 of
the Credit Agreement is amended to read in its entirety as follows:
          “Applicable Rate” means, for any day:
     (a) with respect to any Tranche B-1 Term Loan or Tranche B-2 Term Loan,
0.50% per annum, in the case of an ABR Loan, and 1.50% per annum, in the case of
a Eurodollar Loan;
     (b) with respect to any Revolving Loan or Tranche A Term Loan, 0.25% per
annum, in the case of an ABR Loan, and 1.25% per annum, in the case of a
Eurodollar Loan;
     (c) with respect to the commitment fees payable hereunder, 0.375% per
annum.
     “Interest Payment Date” means (a) with respect to any ABR Loan (including
any Swingline Loan), the last day of each March, June, September and December
and (b) with respect to any Eurodollar Loan, the last day of the Interest Period
applicable to the Borrowing of which such Loan is a part and, in the case of a
Eurodollar Borrowing with an Interest Period of more than three months’
duration, each day prior to the last day of such Interest Period that occurs at
intervals of three months’ duration after the first day of such Interest Period.

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     “Tranche B-2 Term Loans” means a Loan made pursuant to clause (c) of
Section 2.01.
          (b) Section 1.01 of the Credit Agreement is amended to add definitions
of the following terms in appropriate alphabetical order:
     “First Amendment” means the First Amendment dated as of April 24, 2006, to
this Agreement.
     “Refinancing Date” means the date on which Tranche B-2 Term Loans are made
pursuant to Section 3 of the First Amendment.
     “Tranche B-2 Undertaking” means, with respect to each Lender, the
agreement, if any, of such Lender to make, or convert an existing term loan
into, a Tranche B-2 Term Loan pursuant to Section 3 of the First Amendment on
the Refinancing Date. The amount of each Lender’s Tranche B-2 Undertaking is set
forth on Schedule 2.01. The aggregate amount of the Lenders’ Tranche B-2
Undertakings on the Refinancing Date was $834,325,808.99.
          (c) Section 2.01 of the Credit Agreement is amended by relettering
paragraph (c) thereof as paragraph (d) and by inserting the following new
paragraph (c):
     “(c) Subject to the terms and conditions set forth in the First Amendment,
each Lender has agreed to make, or acquire through conversion of existing term
loans, a Tranche B-2 Term Loan to the Borrower on the Refinancing Date in a
principal amount equal to its Tranche B-2 Undertaking.”
          (d) Section 2.02(c) of the Credit Agreement is amended by restating
the third sentence thereof as follows:
     “Each Swingline Loan shall be in an amount that is an integral multiple of
$500,000.”
          (e) Section 2.04 of the Credit Agreement is amended by restating
paragraph (a)(i) to read as follows:
     “(i) the aggregate principal amount of outstanding Swingline Loans
exceeding $25,000,000 or”
     (f) Section 2.08(a) of the Credit Agreement is amended to read as follows:
     “Section 2.08. Termination and Reduction of Commitments. (a) To the extent
not previously terminated, the Tranche B-1 Commitments shall terminate at 5:00
p.m., New York City time, on June 30, 2006, The Tranche B Undertakings shall
terminate at 5:00 p.m., New York City time, on the Refinancing Date, and the
Revolving Commitments shall terminate on the Revolving Maturity Date.”

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          (g) Section 2.11 of the Credit Agreement is amended by (i) replacing
the proviso to the second sentence of paragraph (f) thereof with the following
proviso:
     “provided that, (i) the proceeds of the Tranche B-2 Term Loans made on the
Refinancing Date, together with such additional amounts as may be necessary,
shall be applied to the repayment of all Tranche B Term Loans outstanding
immediately prior to the Refinancing Date and (ii) so long as and to the extent
that any Tranche A Term Borrowings remain outstanding, any Tranche B-1 Lender or
Tranche B-2 Lender, as the case may be, may elect, by notice to the
Administrative Agent by telephone (confirmed by telecopy) at least one Business
Day prior to the prepayment date (with reference to any prepayment after the
Refinancing Date), to decline all or any portion of any prepayment of its
Tranche B-1 Term Loans or Tranche B-2 Term Loans pursuant to this Section (other
than an optional prepayment pursuant to paragraph (a) of this Section, which may
not be declined), in which case the aggregate amount of the prepayment that
would have been applied to prepay Tranche B-1 Term Loans or Tranche B-2 Term
Loans, as the case may be, but was so declined shall be applied to prepay
Tranche A Term Borrowings.”
     (ii) restating the first sentence of paragraph (g) thereof as follows:
     “(g) The Borrower shall notify the Administrative Agent (and, in the case
of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed
by telecopy) of any prepayment hereunder (i) in the case of prepayment of a
Eurodollar Borrowing, not later than 2:00 p.m., New York City time, three
Business Days before the date of prepayment, (ii) in the case of prepayment of
an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of
prepayment or (iii) in the case of prepayment of a Swingline Loan, not later
than 3:00 p.m., New York City time, on the date of prepayment.”
     (iii) inserting new paragraph (h) as follows:
     “Any prepayment of the Tranche B-1 Term Loans or Tranche B-2 Term Loans
effected on or prior to the first anniversary of the “Amendment Effective Date”
under the First Amendment with the proceeds of a substantially concurrent
issuance or incurrence of new term loans which both (x) are incurred for the
primary purpose of refinancing such Term Loans and decreasing the Applicable
Rate with respect thereto, and (y) otherwise have terms and conditions (and are
in an aggregate principal amount) substantially the same as those of such Term
Loans, shall be accompanied by a prepayment fee equal to 1% of the amount
prepaid.”
          (h) Section 5.01(e) of the Credit Agreement is amended by deleting the
words “broken down by month and” from the parenthetical contained therein.
          (i) Section 5.11 of the Credit Agreement is amended by inserting the
following sentence after the first sentence thereof: “The proceeds of the
Tranche B-2 Term Loans made on the Refinancing Date will be used only to
refinance Tranche B Term Loans

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outstanding immediately prior to the Refinancing Date and to pay fees and
expenses in connection therewith.”
          (j) Section 6.05 of the Credit Agreement is amended by (i) deleting
the word “and” after paragraph (h) thereof, (ii) inserting the word “and” after
paragraph (i) thereof and (iii) adding the following new paragraph (j):
     “(j) Other Dispositions of assets (including to Affiliates without regard
to the requirements of Section 6.09) not otherwise permitted by this section;
provided that the aggregate cumulative fair market value of all assets sold,
transferred or otherwise disposed of in reliance upon this clause (j) shall not
exceed $5,000,000 in any year;
          (k) Section 6.05 of the Credit Agreement is amended by deleting the
first parenthetical in the proviso at the end of the first such Section and
inserting the following in lieu thereof:
          “(other than pursuant to clauses (a)(y), (b), (e) and (j) above)”
          (l) Schedule 2.01 of the Credit Agreement is deleted and replaced in
its entirety with a new Schedule 2.01 that will, upon completion of the
allocations of Tranche B-2 Undertakings in accordance with the terms hereof, set
forth each Lender’s Tranche A Commitment, Tranche B-1 Commitment, Tranche B-2
Undertaking and Revolving Commitment, and shall be furnished to each New Tranche
B-2 Term Lender promptly upon the completion of such allocations.
          SECTION 2. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, each of the Borrower, the Parent and
Holdings represents and warrants to each of the Lenders, the Additional Tranche
B-2 Term Lenders and the Agent that, as of the Amendment Effective Date:
          (a) This Amendment has been duly authorized, executed and delivered by
it and this Amendment and the Credit Agreement, as amended hereby, constitutes
its valid and binding obligation, enforceable against it in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other 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 representations and warranties set forth in Article III of the
Credit Agreement are true and correct in all material respects on and as of the
Amendment Effective Date with the same effect as though made on and as of the
Amendment Effective Date, except to the extent such representations and
warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as
of such earlier date); provided that the foregoing representation is made by the
Parent only in respect of the representations and warranties set forth in
Sections 3.01, 3.02, 3.03. 3.08. 3.09 and 3.12 of the Credit Agreement.
          (c) No Default or Event of Default has occurred and is continuing.

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          SECTION 3. New Tranche B-2 Term Loans. (a) Subject to the terms and
conditions set forth herein, (i) each Converting Tranche B-2 Term Lender agrees
to convert its Existing Tranche B Term Loans into New Tranche B-2 Term Loans on
the Amendment Effective Date in amounts equal to its Tranche B-2 Undertaking and
(ii) each Additional Tranche B-2 Term Lender agrees to make New Tranche B-2 Term
Loans to the Borrower on the Amendment Effective Date in amounts equal to its
Tranche B-2 Undertaking. Each Additional Tranche B-2 Term Lender will make New
Tranche B-2 Term Loans on the Amendment Effective Date by transferring to the
Agent, in the manner contemplated by Section 2.06 of the Credit Agreement, an
amount equal to the amount of its Tranche B-2 Undertaking. Any portion of an
Existing Tranche B Term Loan converted by a Converting Tranche B-2 Term Lender
into a New Tranche B-2 Term Loan as contemplated hereby is referred to herein as
a “Converted Loan”. The “Tranche B-2 Undertaking” (i) of any Converting Tranche
B-2 Term Lender will be such amount of its Existing Tranche B Term Loans to be
converted into an equal amount of New Tranche B-2 Term Loans, as is determined
by the Lead Arranger and the Borrower and notified to such Lender prior to the
Amendment Effective Date, and (ii) of any Additional Tranche B-2 Term Lender
will be the amount (not exceeding any commitment offered by such Additional
Tranche B-2 Term Lender) allocated to it by the Lead Arranger and the Borrower
and notified to it prior to the Amendment Effective Date. The new Schedule 2.01
of the Credit Agreement contemplated by Section 1(k) hereof will separately set
forth (i) the Tranche B-2 Undertaking of each Converting Tranche B-2 Term Lender
and (ii) the Tranche B-2 Undertaking of each Additional Tranche B-2 Term Lender.
The commitments of the Additional Tranche B-2 Term Lenders and the conversion
undertakings of the Converting Tranche B-2 Term Lenders are several and no such
Lender will be responsible for any other Lender’s failure to make or acquire by
conversion New Tranche B-2 Term Loans.
          (b) Notwithstanding anything herein or in the Credit Agreement to the
contrary, the aggregate principal amount of the New Tranche B-2 Term Loans will
not exceed the aggregate principal amount of the Existing Tranche B Term Loans
immediately prior to the Amendment Effective Date.
          (c) The obligation of each New Tranche B-2 Term Lender to make or
acquire by conversion New Tranche B-2 Term Loans on the Amendment Effective Date
is subject to the satisfaction of the following conditions:
     (i) The conditions set forth in Section 4.01 of the Credit Agreement shall
be satisfied on and as of the Amendment Effective Date, and the Agent shall have
received a certificate of a Financial Officer, dated the Amendment Effective
Date, to such effect.
     (ii) The Agent shall have received a favorable legal opinion of Jones Day,
counsel to the Borrower, Holdings and the Parent, addressed to the Agent and the
New Tranche B-2 Term Lenders and dated the Amendment Effective Date, covering
such matters relating to the New Tranche B-2 Term Loans, this Amendment, the
Credit Agreement as amended hereby, and the other Loan Documents and security
interests thereunder as the Agent may reasonably request, and such opinion shall
be reasonably satisfactory to the Agent.

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     (iii) The Agent shall have received such documents and certificates as the
Agent or its counsel may reasonably request relating to the organization,
existence and good standing of each Loan Party, the authorization of this
Amendment and the transactions contemplated hereby and any other legal matters
relating to the Loan Parties, this Amendment, the other Loan Documents and the
transactions contemplated hereby, all in form and substance reasonably
satisfactory to the Agent.
     (iv) To the extent deemed necessary or appropriate by the Agent, each
Security Document shall have been amended to provide the benefits thereof to the
New Tranche B-2 Term Lenders on the same basis as such benefits are provided to
the Existing Tranche B Term Lenders.
     (v) Each Loan Party that has not executed and delivered this Amendment
shall have entered into a written instrument reasonably satisfactory to the
Agent pursuant to which it confirms that it consents to this Amendment and the
New Tranche B-2 Term Loans and that the Security Documents to which it is party
will continue to apply in respect of the Credit Agreement, as amended hereby,
and the Obligations of such Loan Party.
     (vi) The aggregate amount of the Tranche B-2 Undertakings of the Additional
Tranche B-2 Term Lenders, plus the amount of any cash available to be used to
prepay Existing Tranche B Term Loans, shall equal or exceed the aggregate
principal amount of the Existing Tranche B Term Loans other than Converted
Loans.
     (vii) The Agent shall have received evidence that the Borrower has made the
payments referred to in Section 3(e) or is making such payments on the Amendment
Effective Date with the proceeds of the Additional Term Loans and such other
funds as may be required.
     (viii) The conditions to effectiveness of this Amendment set forth in
Section 4 hereof shall have been satisfied.
          (d) All New Tranche B-2 Term Loan Eurocurrency Borrowings made on the
Amendment Effective Date shall have initial Interest Periods ending on the same
dates as the Interest Periods applicable to the Existing Tranche B Term Loan
Borrowings being refinanced, and the Adjusted LIBOR Rates applicable to such New
Tranche B-2 Term Loan Borrowings during such initial Interest Periods shall be
the same as those applicable to the Existing Tranche B Term Loan Borrowings
being refinanced. For purposes of the foregoing, such Interest Periods shall be
assigned to the Additional Tranche B-2 Term Loans of each Additional Tranche B-2
Term Lender in the same proportion that such Interest Periods applied to the
Existing Tranche B Term Loans on the Amendment Effective Date. The Borrower will
not be required to make any payments to Converting Tranche B-2 Term Lenders
under Section 2.16 of the Credit Agreement in connection with the conversion of
their Existing Tranche B Term Loans into New Tranche B-2 Term Loans.

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          (e) On the Amendment Effective Date, the Borrower shall apply the
proceeds of the Additional Tranche B-2 Term Loans and such other amounts as may
be necessary to (i) prepay in full all Existing Tranche B Term Loans (other than
Converted Loans), (ii) pay all accrued and unpaid interest on all Existing
Tranche B Term Loans and (iii) pay to each Existing Tranche B Term Lender all
amounts payable pursuant to Section 2.16 of the Credit Agreement as a result of
the prepayment of such Lender’s Existing Tranche B Term Loans (other than
Converted Loans) and all other Obligations then due and owing to such Lenders
under the Credit Agreement in their capacities as such.
          (f) On and after the Amendment Effective Date, each reference in the
Credit Agreement to “Tranche B Term Loans” (other than the definition of
“Tranche B Term Loan”) shall be deemed a reference to the New Tranche B-2 Term
Loans contemplated hereby. Notwithstanding the foregoing, the provisions of the
Credit Agreement with respect to indemnification, reimbursement of costs and
expenses, increased costs and break funding payments shall continue in full
force and effect with respect to, and for the benefit of each Lender that was an
Existing Tranche B Term Lender prior to the Amendment Effective Date, but that
is not a New Tranche B-2 Lender.
          SECTION 4. Effectiveness of Amendment. This Amendment shall become
effective as of the first date (the “Amendment Effective Date”) on which the
following conditions have been satisfied:
     (i) The Agent (or its counsel) shall have received duly executed
counterparts hereof that, when taken together, bear the signatures of (A) the
Borrower, the Parent and Holdings, (B) the Required Lenders, (C) each Converting
Tranche B-2 Term Lender and (D) each Additional Tranche B-2 Term Lender.
     (ii) The conditions set forth in Section 3(c) hereof shall have been
satisfied and the Borrower shall have made the payments required to be made by
Section 3(e) hereof.
     (iii) To the extent invoiced, the Agent shall have received payment or
reimbursement of its reasonable out-of-pocket expenses in connection with this
Amendment and any other out-of-pocket expenses of the Agent required to be paid
or reimbursed pursuant to the Credit Agreement, including the reasonable fees,
charges and disbursements of counsel for the Agent.
          SECTION 5. Effect of Amendment. (a) 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
Lenders or the Agent under the Credit Agreement or any other Loan Document, and
shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other provision of the Credit Agreement or of any other Loan
Document, 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 the
Borrower to a consent to, or a waiver, amendment, modification or

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other change of, any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other Loan Document in
similar or different circumstances.
          (b) On and after the Amendment Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words
of like import, and each reference to the Credit Agreement in any other Loan
Document shall be deemed a reference to the Credit Agreement as amended hereby.
This Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.
          SECTION 6. Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.
          SECTION 7. Costs and Expenses. The Borrower agrees to reimburse the
Agent for its reasonable out of pocket expenses in connection with this
Amendment, including the reasonable fees, charges and disbursements of counsel
for the Agent.
          SECTION 8. Counterparts. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument.
Delivery of any executed counterpart of a signature page of this Amendment by
facsimile or electronic transmission shall be as effective as delivery of a
manually executed counterpart hereof.
          SECTION 9. Headings. The headings of this Amendment are for purposes
of reference only and shall not limit or otherwise affect the meaning hereof.

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

                          DEX MEDIA WEST LLC,           by   /s/ Robert J. Bush
                       
 
          Name:   Robert J. Bush    
 
          Title:   Vice President and Secretary    
 
                        DEX MEDIA WEST, INC.,         by   /s/ Robert J. Bush  
                     
 
          Name:   Robert J. Bush    
 
          Title:   Vice President and Secretary    
 
                        DEX MEDIA, INC.,         by   /s/ Robert J. Bush        
               
 
          Name:   Robert J. Bush    
 
          Title:   Vice President and Secretary    
 
                        JPMORGAN CHASE BANK, N.A.         by   /s/ Peter B.
Thauer                        
 
          Name:   Peter B. Thauer    
 
          Title:   Vice President    

Signature Page to First Amendment