Exhibit 10.19.4

EXECUTION COPY

AMENDMENT NO. 4

Dated as of November 24, 2014

to

CREDIT AGREEMENT

Dated as of March 11, 2011

THIS AMENDMENT NO. 4 (this “Amendment”) is made as of November 24, 2014 by and
among HCP, Inc., a Maryland corporation (the “Borrower”), the financial
institutions listed on the signature pages hereof and Bank of America, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent’) and as
Alternative Currency Fronting Lender (in such capacity, the “Alternative
Currency Fronting Lender”), under that certain Credit Agreement dated as of
March 11, 2011 by and among the Borrower, the Lenders and the Administrative
Agent (as amended, restated, supplemented or otherwise modified prior to the
date hereof, the “Credit Agreement”).  Capitalized terms used herein and not
otherwise defined herein shall have the respective meanings given to them in the
Credit Agreement.

WHEREAS, the Borrower has requested that the Lenders, the Alternative Currency
Fronting Lender and the Administrative Agent agree to an amendment to the Credit
Agreement; and

WHEREAS, the Borrower, the Lenders, the Alternative Currency Fronting Lender and
the Administrative Agent have so agreed on the terms and conditions set forth
herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders, the Alternative Currency Fronting Lender and the Administrative Agent
hereby agree to enter into this Amendment.

1. Amendment to the Credit Agreement.  Effective as of the Amendment No. 4
Effective Date (as defined below), the parties hereto agree that the Credit
Agreement is hereby amended as follows:

(a) Section 1.01 of the Credit Agreement is amended to add the following
definitions thereto in the appropriate alphabetical order, and, where
applicable, replace the corresponding previously existing definitions:

“Alternative Currency Sublimit” means, at any time, an amount equal to the
lesser of (a) the Aggregate Revolving Commitments at such time and (b) (i) at
any time during the period beginning on the Amendment No. 4 Effective Date and
ending on and including the date that six (6) months after the Amendment No. 4
Effective Date, $1,250,000,000 and (ii) at any time thereafter,
$1,000,000,000.  The Alternative Currency Sublimit is part of, and not in
addition to, the Aggregate Revolving Commitments.

“Amendment No. 4 Effective Date” means November 24, 2014.

204311487v.4

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(b) Section 3.01 of the Credit Agreement is amended to add a new clause (g)
thereto to read as follows:

(g)FATCA.  From and after the Amendment No. 4 Effective Date, the Borrower shall
indemnify the Administrative Agent, and hold it harmless from, any and all
losses, claims, damages, liabilities and related expenses, including Taxes and
the fees, charges and disbursements of any counsel for any of the foregoing,
arising in connection with the Administrative Agent’s treating, for purposes of
determining withholding Taxes imposed under FATCA, this Agreement as qualifying
as a “grandfathered obligation” within the meaning of Treasury Regulation
Section 1.1471-2(b)(2)(i).

(c) Schedule 2.02 to the Credit Agreement is amended and restated in its
entirety in the form of Schedule 2.02 attached hereto.

2. Conditions of Effectiveness.  The effectiveness of this Amendment (the
“Amendment No. 4 Effective Date”) is subject to the conditions precedent that:

(a) the Administrative Agent shall have received counterparts of this Amendment
duly executed by the Borrower, the Required Lenders, the Alternative Currency
Fronting Lender and the Administrative Agent; and

(b) the Administrative Agent shall have received payment of all fees and
expenses (including fees and expenses of counsel for the Administrative Agent)
due and payable in connection with this Amendment.

3. Representations and Warranties of the Borrower.  The Borrower hereby
represents and warrants as follows:

(a) This Amendment and the Credit Agreement as modified hereby constitute legal,
valid and binding obligations of the Borrower and are enforceable against the
Borrower in accordance with their 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) As of the date hereof and after giving effect to the terms of this
Amendment, (i) no Default has occurred and is continuing, and (ii) the
representations and warranties of the Borrower set forth in Article V of the
Credit Agreement as amended hereby or in any other Loan Document are true and
correct in all material respects (or, in the case of any representation or
warranty qualified by materiality or Material Adverse Effect, in all respects)
on and as of the date hereof, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date, and except that the representations and
warranties contained in subsections (a) and (b) of Section 5.05 of the Credit
Agreement are deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement.

4. Reference to and Effect on the Credit Agreement.

(a) Upon the effectiveness hereof, each reference to the Credit Agreement in the
Credit Agreement or any other Loan Document shall mean and be a reference to the
Credit Agreement as amended hereby.

 

2

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(b) Each Loan Document and all other documents, instruments and agreements
executed and/or delivered in connection therewith shall remain in full force and
effect and are hereby ratified and confirmed.  Upon the effectiveness hereof,
this Amendment shall for all purposes constitute a Loan Document.

(c) Except with respect to the subject matter hereof, the execution, delivery
and effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of the Administrative Agent or the Lenders, nor constitute a
waiver of any provision of the Credit Agreement, the other Loan Documents or any
other documents, instruments and agreements executed and/or delivered in
connection therewith.

5. Governing Law.  This Amendment shall be construed in accordance with and
governed by the law of the State of New York.

6. Headings.  Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

7. Counterparts.  This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same
instrument.  Signatures delivered by facsimile or PDF shall have the same force
and effect as manual signatures delivered in person.

[Signature Pages Follow]

 

 

3

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

 

 

 

 

HCP, INC.,

as the Borrower

 

 

By:

/s/ Timothy M. Schoen

 

Name:

Timothy M. Schoen

Title:

Executive Vice President and

Chief Financial Officer

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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BANK OF AMERICA, N.A.,

individually as a Lender, as Alternative Currency

Fronting Lender and as Administrative Agent

 

 

By:

/s/ Joseph L. Corah

 

Name:

Joseph L. Corah  

Title:

Director

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender: Royal Bank of Canada

 

 

By

/s/ Joshua Freedman

 

 

Name:  Joshua Freedman  

 

Title:    Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender:

 

Goldman Sachs Bank USA

 

 

 

By

/s/ Michelle Latzoni

 

 

Name:  Michelle Latzoni  

 

Title:    Authorized Signatory

 

 

 

For any Lender requiring a second signature line:

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender: The Royal Bank of Scotland PLC

 

 

 

By

/s/ Jeannine Pascal

 

 

Name:  Jeannine Pascal  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender:

 

Barclays Bank PLC

 

 

 

By

/s/ Christine Aharonian

 

 

Name:  Christine Aharonian  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

 

 

City National Bank,
a national banking association

 

 

 

By

/s/ John Finnigan

 

 

John Finnigan  

 

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender:

 

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

 

 

 

By

/s/ Teuta Ghilaga

 

 

Name:  Teuta Ghilaga  

 

Title:    Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

The Bank of Nova Scotia

 

 

 

By

/s/ Winston Lua

 

 

Name:  Winston Lua  

 

Title:    Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

Branch Banking and Trust Company

 

 

 

By

/s/ Ahaz Armstrong

 

 

Name:  Ahaz Armstrong  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

Morgan Stanley Bank, N.A.

 

 

 

By

/s/ Nick Zangari

 

 

Name:  Nick Zangari  

 

Title:    Authorized Signatory

 

 

 

For any Lender requiring a second signature line:

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

The Bank of New York Mellon

 

 

 

By

/s/ Helga Blum

 

 

Name:  Helga Blum  

 

Title:    Managing Director

 

 

 

For any Lender requiring a second signature line:

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

United Community Bank

 

 

 

By

/s/ Dwight Seeley

 

 

Name:  Dwight Seeley  

 

Title:    Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

UBS AG, Stamford Branch

 

 

 

By

/s/ Lana Gifas

 

 

Name:  Lana Gifas  

 

Title:    Director

 

 

 

For any Lender requiring a second signature line:

 

 

By

/s/ Jennifer Anderson

 

 

Name:   Jennifer Anderson

 

Title:     Associate Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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Name of Lender:

 

KeyBank, N.A.

 

 

 

By

/s/ Joe Schober

 

 

Name:  Joe Schober  

 

Title:    Vice President

 

 

 

For any Lender requiring a second signature line:

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

SunTrust Bank

 

 

 

By

/s/ Joshua Turner

 

 

Name:  Joshua Turner  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

JPMorgan Chase Bank, N.A.

 

 

 

By

/s/ Nadeige Dang

 

 

Name:  Nadeige Dang  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

Wells Fargo Bank, National

Association

 

 

 

By

/s/ Andrea S Chen

 

 

Name:  Andrea S Chen  

 

Title:    Director

 

 

 

For any Lender requiring a second signature line:

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

Citibank, N.A.

 

 

 

By

/s/ John C. Rowland

 

 

Name:  John C. Rowland  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

U.S. Bank, National Association,

 

 

 

By

/s/ Patrick J. Brown

 

 

Name:  Patrick J. Brown  

 

Title:    Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

 

 

 

Name of Lender:

 

Credit Suisse, AG, Cayman Islands

Branch

 

 

 

By

/s/ Mikhail Faybusovich

 

 

Name:  Mikhail Faybusovich  

 

Title:    Authorized Signatory

 

 

 

For any Lender requiring a second signature line:

 

 

By

/s/ Samuel Miller

 

 

Name:    Samuel Miller

 

Title:      Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

--------------------------------------------------------------------------------

 

 

 

`

 

 

Name of Lender:

 

Credit Agricole Corporate and

Investment Bank

 

 

 

By

/s/ Thomas Randolph

 

 

Name:  Thomas Randolph

 

Title:    Managing Director

 

 

 

 

 

By

/s/ Amy Trapp

 

 

Name:   Amy Trapp

 

Title:     Managing Director

 

 

 

 

Signature Page to Amendment No. 4 to

Credit Agreement dated as of March 11, 2011

HCP, Inc.

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SCHEDULE 2.02

ALTERNATIVE CURRENCY
PARTICIPATING LENDER1  

 

 

 

 

 

 

 

Lender

Euro

Sterling

Yen

Canadian Dollars

Australian Dollars

Swiss Francs

Bank of America, N.A.

Yes

Yes

Yes

Yes

Yes

Yes

JPMorgan Chase Bank, N.A.

Yes

Yes

Yes

Yes

Yes

Yes

Citibank, N.A.

Yes

Yes

Yes

Yes

Yes

Yes

UBS AG, Stamford Branch

Yes

Yes

Yes

Yes

Yes

Yes

Wells Fargo Bank, National Association

Yes

Yes

Yes

Yes

Yes

Yes

Credit Agricole Corporate and Investment Bank

Yes

Yes

Yes

Yes

Yes

Yes

Credit Suisse AG, Cayman Islands Branch

Yes

Yes

Yes

Yes

Yes

Yes

Goldman Sachs Bank USA

Yes

Yes

Yes

Yes

Yes

Yes

Morgan Stanley Bank, N.A.

Yes

Yes

Yes

Yes

Yes

Yes

Royal Bank of Canada

Yes

Yes

Yes

Yes

Yes

Yes

The Royal Bank of Scotland plc

Yes

Yes

Yes

Yes

Yes

Yes

Barclays Bank plc

Yes

Yes

Yes

Yes

Yes

Yes

The Bank of New York Mellon

Yes

Yes

Yes

Yes

Yes

Yes

The Bank of Nova Scotia

Yes

Yes

Yes

Yes

Yes

Yes

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Yes

Yes

Yes

Yes

Yes

Yes

PNC Bank, National Association

Yes

Yes

Yes

Yes

Yes

Yes

SunTrust Bank

Yes

Yes

Yes

Yes

Yes

Yes

Regions Bank

Yes

Yes

Yes

Yes

Yes

Yes

KeyBank National Association

Yes

Yes

Yes

Yes

Yes

Yes

Branch Banking & Trust Company

Yes

Yes

Yes

Yes

Yes

Yes

U.S. Bank National Association

Yes

Yes

Yes

Yes

Yes

Yes

City National Bank

Yes

Yes

Yes

Yes

Yes

Yes

Bank Hapoalim B.M.

No

No

No

No

No

No

United Community Bank

No

No

No

No

No

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1  The table indicates each Lender’s ability to fund in a particular currency
(e.g., Bank of America, N.A. can fund each of the six currencies).

 

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