Exhibit 10.2

 

AMENDMENT NO. 3

 

AMENDMENT NO. 3 dated as of May 2, 2003 among HISPANIC BROADCASTING CORPORATION,
formerly known as Heftel Broadcasting Corporation (the “Borrower”); the
SUBSIDIARY GUARANTORS listed on the signature pages hereto; and the LENDERS
listed on the signature pages hereto (the “Lenders”).

 

The Borrower, the Subsidiary Guarantors, the Lenders and The Chase Manhattan
Bank, as administrative agent, are parties to a Credit Agreement dated as of
February 14, 1997 (as heretofore modified and supplemented and in effect on the
date hereof, the “Credit Agreement”) providing, subject to the terms and
conditions thereof, for extensions of credit to be made by said Lenders to the
Borrower.  The Borrower, the Subsidiary Guarantors and the Lenders wish to amend
the Credit Agreement in certain respects, and accordingly, the parties hereto
hereby agree as follows:

 

Section 1.  Definitions.  Except as otherwise defined in this Amendment No. 3,
terms defined in the Credit Agreement (as amended hereby) are used herein as
defined therein.

 

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent
specified in Section 4 below, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

 

2.01.  References in the Credit Agreement (including references to the Credit
Agreement as amended hereby) to “this Agreement” (and indirect references such
as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be
references to the Credit Agreement as amended hereby.

 

2.02.  Clause (vi) of the definition of “Permitted Lien” in Section 1.01 of the
Credit Agreement shall be amended by replacing the dollar amount of “$5,000,000”
therein with the dollar amount “$35,000,000”.

 

2.03.  Section 7.01(d) shall be amended by by replacing dollar amount of
“$5,000,000” therein with the dollar amount “$35,000,000”.

 

Section 3.  Representations and Warranties.  The Borrower represents and
warrants to the Lenders that the representations and warranties set forth in
Article IV of the Credit Agreement are true and complete on the date hereof as
if made on and as of the date hereof and as if each reference in said Article IV
to the Credit Agreement included reference to the Credit Agreement as amended by
this Amendment No. 3.

 

Section 4.  Conditions Precedent.  As provided in Section 2 above, the
amendments to the Credit Agreement set forth in said Section 2 shall become
effective, as of the date hereof, upon the execution and delivery by each of the
Borrower, the Subsidiary Guarantors, and Lenders representing Required Lenders.

 

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Section 5.    Miscellaneous.  Except as herein provided, the Credit Agreement
shall remain unchanged and in full force and effect.  This Amendment No. 3 may
be executed in any number of counterparts, all of which taken together shall
constitute one and the same amendatory instrument and any of the parties hereto
may execute this Amendment No. 3 by signing any such counterpart.  This
Amendment No. 3 shall be governed by, and construed in accordance with, the law
of the State of New York.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be
duly executed and delivered as of the day and year first above written.

 

 

 

HISPANIC BROADCASTING
CORPORATION (formerly known as Heftel
Broadcasting Corporation)

 

 

 

 

 

 

 

By

      /s/ Tim P. Ward

 

 

 

Title:

Vice President and

 

 

 

Treasurer

 

SUBSIDIARY GUARANTORS

 

 

 

HBC BROADCASTING TEXAS, L.P.

 

By HBC GP Texas, Inc.,
its general partner

 

HBC FLORIDA, INC.

 

HBC HOUSTON LICENSE CORP.

 

HBC INVESTMENTS, INC.

 

HBC-LAS VEGAS, INC.

 

HBC LICENSE CORP.

 

HBC LOS ANGELES, INC.

 

HBC NETWORK, INC.

 

HBC NEW YORK, INC.

 

HBC PHOENIX, INC.

 

HBC SAN DIEGO, INC.

 

HBC TOWER COMPANY, INC.

 

HBCi, INC.

 

KCYT-FM LICENSE CORP.

 

KECS-FM LICENSE CORP.

 

KESS-AM LICENSE CORP.

 

KESS-TV LICENSE CORP.

 

KHCK-FM LICENSE CORP.

 

KICI-AM LICENSE CORP.

 

KICI-FM LICENSE CORP.

 

KLSQ-AM LICENSE CORP.

 

KLVE-FM LICENSE CORP.

 

KMRT-AM LICENSE CORP.

 

KTNQ-AM LICENSE CORP.

 

LA OFERTA, INC.

 

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LICENSE CORP. NO. 1

 

LICENSE CORP. NO. 2

 

MI CASA PUBLICATIONS, INC.

 

MOMENTUM RESEARCH, INC.

 

SPANISH COAST-TO-COAST, LTD.

 

TC TELEVISION, INC.

 

TICHENOR LICENSE CORPORATION

 

TMS ASSETS CALIFORNIA, INC.

 

TMS LICENSE CALIFORNIA, INC.

 

WADO RADIO, INC.

 

WADO-AM LICENSE CORP.

 

WLXX-AM LICENSE CORP.

 

WPAT-AM LICENSE CORP.

 

WQBA-AM LICENSE CORP.

 

WQBA-FM LICENSE CORP.

 

 

 

 

 

By

 

/s/  Tim P. Ward

 

 

 

 

 

Tim Ward

 

 

 

 

Vice President and Treasurer

 

 

 

 

All above entities

 

 

 

 

 

 

 

 

HBC ILLINOIS, INC.

 

 

 

 

 

 

 

 

By

 

/s/ Jerry Ryan

 

 

 

 

 

Jerry Ryan

 

 

 

 

President

 

 

 

 

HBC ILLINOIS, INC.

 

 

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LENDERS

 

ABN AMRO BANK N.V.

BANK OF HAWAII

 

 

 

 

By

 

 

By

 

 

 

Title:

 

Title:

 

 

 

 

By

 

 

 

 

Title:

 

 

 

BANK OF MONTREAL

THE BANK OF NEW YORK

 

 

 

 

By

     /s/  Bruce R. Pietka

 

By

     /s/  Kristen E. Talaber

 

 

Title: Vice President

 

Title: Vice President

 

 

THE BANK OF NOVA SCOTIA

THE CHASE MANHATTAN BANK

 

 

 

 

By

     /s/  John W. Campbell

 

By

 

 

 

Title: Authorized Signatory

 

Title:

 

 

CIBC, INC.

CREDIT AGRICOLE INDOSUEZ

 

 

 

 

By

     /s/  Joan S. Griffin

 

By

     /s/  Laurence F. Grant

 

 

Title: Executive Director

 

Title: Vice President

 

 

 

 

 

By

     /s/  Phillip J. Salter

 

 

 

Title: Vice President

 

 

FLEET BANK, N.A.

MELLON BANK, N.A.

 

 

 

 

By

     /s/  Dennis Hamboyan

 

By

 

 

 

Title: Managing Director

 

Title:

 

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MICHIGAN NATIONAL BANK

SUNTRUST BANK

 

 

 

 

By

 

 

By

     /s/  William C. Washburn, Jr.

 

 

Title:

 

Title: Vice President

 

 

TORONTO DOMINION (TEXAS), INC.

UNION BANK OF CALIFORNIA, N.A.

 

 

 

 

By

     /s/  Carol Brandt

 

By

 

 

 

Title: Vice President

 

Title:

 

 

 

 

BANK OF SCOTLAND

 

 

 

 

 

 

 

 

 

 

By

     /s/  Joseph Fratus

 

 

 

 

Title: First Vice President

 

 

 

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