Execution Version

Exhibit 10.1

 

AMENDMENT NO. 6, dated as of August 3, 2017 (this “Amendment”), among US FOODS,
INC. (formerly known as U.S. FOODSERVICE, INC.), a Delaware corporation (the
“Parent Borrower”), each Subsidiary of the Parent Borrower party to the Credit
Agreement (as defined below) from time to time (each a “Borrower,” and together
with the Parent Borrower, the “Borrowers”), the Lenders party hereto, CITICORP
NORTH AMERICA, INC., as ABL Collateral Agent, CITIBANK, N.A. (“Citi”), as
Administrative Agent and an Issuing Lender, and the other Issuing Lenders party
hereto.

WHEREAS, the Borrowers, Citi,  the Lenders from time to time party thereto,
Deutsche Bank Securities Inc., as Syndication Agent and Natixis, as Senior
Managing Agent, have entered into that certain ABL Credit Agreement dated as of
July 3, 2007 (as amended by Amendment No. 1, dated as of May 11, 2011, Amendment
No. 2, dated as of December 15, 2011, Amendment No. 3, dated as of August 15,
2012, Amendment No. 4, dated as of June 19, 2015 and Amendment No. 5, dated as
of October 20, 2015, the “Credit Agreement”);

WHEREAS, the Borrowers desire to amend the Credit Agreement on the terms set
forth herein; and

WHEREAS, the Administrative Agent and Lenders have agreed to amend the Credit
Agreement on the terms set forth herein (as so amended the “Amended Credit
Agreement”).

NOW, THEREFORE, in consideration of the premises contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound hereby, agree as
follows:

Section 1.Amendments.  

The Credit Agreement is, effective as of the Amendment No. 6 Effective Date (as
defined below), hereby amended as follows:

(a)The definition of “L/C Fee Payment Date” in subsection 1.1 of the Credit
Agreement is hereby amended in its entirety as follows:

““L/C Fee Payment Date”:  with respect to any Letter of Credit, the 5th Business
Day following the last day of each March, June, September and December to occur
after the date of issuance thereof to and including the first such day to occur
on or after the date of expiry thereof.”

(b)Subsection 3.3(a) of the Credit Agreement is hereby amended in its entirety
as follows:

“The applicable Borrower agrees to pay to the Administrative Agent, for the
account of the relevant Issuing Lender and the L/C Participants, a letter of
credit commission with respect to each Letter of Credit issued by such Issuing
Lender, computed for the period from and including the date of issuance of such
Letter of Credit through to the expiration date of such Letter of Credit,
computed at a rate per annum equal to the Applicable Margin then in effect for
Eurocurrency Loans that are Tranche A Loans calculated on the basis of a 365-
(or 366-, as the case may be) day year for the actual days elapsed, of the
maximum amount available to be drawn under such Letter of Credit minus the L/C
Facing Fee, payable with respect to each quarter in arrears on each L/C Fee
Payment Date with respect to such Letter of Credit and on the Maturity Date or
such earlier date as the Tranche A Commitments shall terminate as provided
herein.  Such commission shall be payable to the Administrative Agent for the
account of the Lenders to be shared ratably among them in accordance with their
respective Tranche A Commitment Percentages.  The applicable Borrower shall pay
to the Administrative Agent for the account of the relevant Issuing Lender a fee
equal to 1/8 of 1% per annum (but in no event less than $500 per annum for each
Letter of

 

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

 

Credit of the maximum amount available to be drawn under such Letter of Credit)
(the “L/C Facing Fee”), payable with respect to each quarter in arrears on each
L/C Fee Payment Date with respect to such Letter of Credit and on the Maturity
Date or such other date as the Commitments shall terminate.  Such commissions
and fees shall be nonrefundable.  Such fees and commissions shall be payable in
Dollars.”

(c)Subsection 4.5(a) of the Credit Agreement is hereby amended in its entirety
as follows:

“Each Borrower agrees to pay, or cause to be paid, to the Administrative Agent,
for the account of each Lender, a commitment fee for the period from and
including the first day of the Commitment Period to the Maturity Date, computed
based on the Applicable Commitment Fee Percentage on the average daily amount of
the Available Commitment of such Lender during the period for which payment is
made, payable with respect to each quarter in arrears on the 5th Business Day
following the last day of each March, June, September and December and on the
Maturity Date or such earlier date as the Commitments shall terminate as
provided herein.”

Section 2.Interpretation.  For purposes of this Amendment No. 6, all terms used
herein which are not otherwise defined herein, including but not limited to
those terms used in the recitals hereto, shall have the respective meanings
assigned thereto in the Amended Credit Agreement.

Section 3.Representations and Warranties, No Default.  In order to induce the
Lenders party hereto to enter into this Amendment, each Loan Party represents
and warrants to each of the Lenders that as of the Amendment No. 6 Effective
Date:

(a)each Borrower has the corporate or other organizational power and authority
to make, deliver and perform this Amendment and each such Borrower has taken all
necessary corporate or other organizational action to authorize the execution,
delivery and performance of this Amendment on the terms and conditions herein;

(b)the execution, delivery and performance of this Amendment by any Borrower (i)
will not violate any Requirement of Law or Contractual Obligation of such
Borrower in any respect that would reasonably be expected to have a Material
Adverse Effect and (ii) will not result in, or require, the creation or
imposition of any Lien (other than Permitted Liens) on any of its properties or
revenues pursuant to any such Requirement of Law or Contractual Obligation;

(c)this Amendment has been duly executed and delivered by each Borrower.  This
Amendment constitutes a legal, valid and binding obligation of each Borrower,
enforceable against such Borrower in accordance with its terms, except as
enforceability may be limited by applicable domestic or foreign bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law); and

(d)after giving effect to the amendments set forth in this Amendment, (i) no
Default or Event of Default exists and is continuing and (ii) all
representations and warranties contained in the Credit Agreement and in the
other Loan Documents are true and correct in all material 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 were true and correct
in all material respects as of such earlier date.

Section 4.Effectiveness.  Section 1 of this Amendment shall become effective on
the date (such date, if any, the “Amendment No. 6 Effective Date”) that the
Administrative Agent shall have received executed signature pages hereto from
each Lender and each Borrower.  The Administrative Agent shall promptly notify
the Parent Borrower and the Lenders in writing when the Amendment No. 6
Effective Date has occurred.

Section 5.Expenses.  The Borrowers shall pay all reasonable out-of-pocket
expenses of the Administrative Agent incurred in connection with the
preparation, execution and delivery of this Amendment and

-2-

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

 

the other instruments and documents to be delivered hereunder, if any (including
the reasonable fees, disbursements and other charges of Cahill Gordon & Reindel
llp, counsel for the Administrative Agent).

Section 6.Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
of which when taken together shall constitute a single instrument.  Delivery of
an executed counterpart of a signature page of this Amendment by facsimile or
any other electronic transmission shall be effective as delivery of a manually
executed counterpart hereof.

Section 7.Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO
ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR
RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.  EACH PARTY HERETO IRREVOCABLY
AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AMENDMENT AND FOR ANY COUNTERCLAIM THEREIN.

Section 8.Headings.  The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

Section 9.Effect of Amendment.  

(a)This Amendment shall constitute a Loan Document for purposes of the Credit
Agreement and from and after the Amendment No. 6 Effective Date, all references
to the Credit Agreement in any Loan Document and all references in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import
referring to the Credit Agreement, shall, unless expressly provided otherwise,
refer to the Amended Credit Agreement , except for (i) the representations and
warranties made by the Borrowers and the Loan Parties prior to the Amendment No.
6 Effective Date (which representations and warranties made prior to the
Amendment No. 6 Effective Date shall not be superseded or rendered ineffective
by this Amendment as they pertain to the period prior to the Amendment No. 6
Effective Date) and (ii) any action or omission performed or required to be
performed pursuant to the Credit Agreement prior to the Amendment No. 6
Effective Date.  For the avoidance of doubt, any certificate or other document
the form of which is set out in any exhibit attached to the Original Credit
Agreement or any other Loan Document may be revised, as applicable, to refer to
the Amended Credit Agreement.

(b)The Loan Documents (as amended by this Amendment) are ratified and affirmed
in all respects and shall continue in full force and effect.  The Security
Documents and all of the Collateral described therein do and shall continue to
secure the payment of all Obligations of the Loan Parties under the Loan
Documents, in each case, as amended by this Amendment.

(c)On and after the effectiveness of this Amendment, this Amendment shall for
all purposes constitute a Loan Document.

[Remainder of Page Intentionally Left Blank]

 

-3-

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

 

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

US FOODS, INC.

By:/s/ Kristin M. Coleman
Name:  Kristin M. Coleman
Title:  Executive Vice President & Secretary

E & H DISTRIBUTING, LLC

By:/s/ Kristin M. Coleman
Name:  Kristin M. Coleman
Title:  Executive Vice President & Secretary

US FOODS CULINARY EQUIPMENT & SUPPLIES, LLC

By:/s/ Kristin M. Coleman
Name:  Kristin M. Coleman
Title:  Executive Vice President & Secretary

TRANS-PORTE, INC.

By:/s/ Kristin M. Coleman
Name:  Kristin M. Coleman
Title:  Executive Vice President & Secretary

GREAT NORTH IMPORTS, LLC

By:/s/ Kristin M. Coleman
Name:  Kristin M. Coleman
Title:  Executive Vice President & Secretary

 

 

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

CITICORP NORTH AMERICA, INC., as ABL Collateral Agent

By:/s/ Brendan Mackay
Name:  Brendan Mackay
Title:  Vice President and Director

CITIBANK, N.A., as Administrative Agent and Issuing Lender

By:/s/ Brendan Mackay
Name:  Brendan Mackay
Title:  Vice President and Director

 

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

Bank of America, N.A.

By:  /s/ Andrew J. Heinz

Name:  Andrew J. Heinz
Title:  Senior Vice President

 

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

BMO HARRIS BANK N.A.

By:  /s/ Craig Thistlethwaite

Name:  Craig Thistlethwaite
Title:  Managing Director

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

CITIBANK, N.A.

By:  /s/ Brendan Mackay

Name:  Brendan Mackay
Title:  Vice President and Director

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

City National Bank

By:  /s/ David Knoblauch

Name:  David Knoblauch
Title:  Senior Vice President

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

DEUTSCHE BANK AG NEW YORK BRANCH,

As a Lender and Issuing Lender

By:  /s/ Stephen R. Lapidus

Name:  Stephen R. Lapidus
Title:  Director

 

By:  /s/ Philip Saliba

Name:  Philip Saliba
Title:  Director

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

GOLDMAN SACHS LENDING PARTNERS LLC

(Name of Institution)

By:  /s/ David Cirigliano

Name:  David Cirigliano
Title:  Authorized Signatory

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

ING Capital LLC

By:  /s/ Thomas McCaughey

Name:  Thomas McCaughey
Title:  Managing Director

By:  /s/ Michael Kim

Name:  Michael Kim
Title:  Vice President

 

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

JPMorgan Chas Bank, N.A.

By:  /s/ Sabina Lin

Name:  Sabina Lin
Title:  Authorized Officer

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

MORGAN STANLEY SENIOR FUNDING, INC.,

By:  /s/ Jonathan Kerner

Name:  Jonathan Kerner
Title:  Vice President

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

NATIXIS

(Name of Institution)

By:  /s/ Christian Paragot-Rieutort

Name:  Christian Paragot-Rieutort
Title:  Executive Director

 

By:  /s/ Martin S. Avidan, CFA

Name:  Martin S. Avidan, CFA
Title:  Managing Director, Natixis

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

Cooperatieve Rabobank U.A., New York Branch

By:  /s/ Olivia Leong

Name:  Olivia Leong
Title:  Executive Director

 

By:  /s/ Roger Leenhern

Name:  Roger Leenheern
Title:  Managing Director

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

U.S. Bank National Association

By:  /s/ Christopher D. Fudge

Name:  Christopher D. Fudge
Title:  Vice President

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]

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

 

The undersigned hereby consents to the Amendment:

Wells Fargo Capital Finance, LLC

By:  /s/ Maria Quintanilla

Name:  Maria Quintanilla
Title:  Duly Authorized Signer

 

[Signature Page – Amendment No. 6 to the ABL Credit Agreement]