Exhibit 10.2

 

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

 

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”),
dated as of July 5, 2018, among ALLIANCE DATA SYSTEMS CORPORATION, a Delaware
corporation (the “Borrower”), the Guarantors (as defined in the Credit Agreement
referred to below) party hereto, the Banks party hereto (the “Consenting
Banks”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent
(the “Administrative Agent”). Unless otherwise indicated, all capitalized terms
used herein and not otherwise defined herein shall have the respective meanings
provided such terms in the Credit Agreement referred to below.

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, the Guarantors party thereto, the lenders party
thereto from time to time (the “Banks”) and the Administrative Agent have
entered into that certain Amended and Restated Credit Agreement, dated as of
June 14, 2017  (as amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower has requested, and subject to the terms and conditions set
forth herein, the Administrative Agent and the Consenting Banks have agreed, to
certain amendments to the Credit Agreement as more specifically set forth
herein;

 

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is agreed as follows:

 

SECTION 1.     Amendments to Credit Agreement.   Effective as of the date hereof
and subject to the terms and conditions set forth herein and in reliance upon
representations and warranties set forth herein, the Credit Agreement is hereby
amended as follows:

 

(a)     by adding the following new definition in Section 1.1 in proper
alphabetical order:

 

““Cash Management Arrangement” means any agreement or other arrangement
governing the provision of treasury or cash management services, including
deposit accounts, overdraft, funds transfer, automated clearinghouse, zero
balance accounts, cash pooling (including notional cash pooling), returned
check, concentration, controlled disbursement, lockbox, account reconciliation
and reporting, trade finance services, commercial credit cards, merchant card
services, purchase or debit cards (including non-card e-payables services), and
any other deposit or operating account relationships or other treasury, cash
management or similar services, and in each case including any associated lines
or extensions of credit and related customary collateral and security
arrangements.”

 

(b)     by (i) deleting the word “and” after clause (v) in the definition of the
term “Debt” in Section 1.1 and (ii) adding the following new clause (vii)
immediately after clause (vi) of such definition and before the proviso:

 

“, and (vii) obligations under or in connection with Cash Management
Arrangements entered into in the ordinary course of business that might
otherwise constitute Debt of such Person;”

 

(c)     by amending and restating clause (d) of Section 5.1 to read in its
entirety as follows:

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“(d)     [Intentionally Omitted];”

 

(d)     by (i) deleting the word “or” after Section 5.9(j)(1) and (ii) adding
the following new Section 5.9(j)(3) immediately after Section 5.9(j)(2):

 

“or (3) made to secure obligations under or in connection with Cash Management
Arrangements in the ordinary course of business;”

 

SECTION 2.     Conditions of Effectiveness of this Amendment.   This Amendment
shall become effective upon the Administrative Agent’s receipt of this
Amendment, duly executed by an authorized officer of each signing Credit Party,
 the Consenting Banks constituting Required Banks and the Administrative Agent.

 

SECTION 3.     Acknowledgement and Confirmation.  Each of the Credit Parties
party hereto hereby agrees that with respect to each Credit Document to which it
is a party, after giving effect to this Amendment and the transactions
contemplated hereunder, all of its obligations, liabilities and indebtedness
under such Credit Document, including guarantee obligations, shall, except as
expressly set forth herein or in the Credit Agreement, remain in full force and
effect on a continuous basis.

 

SECTION 4.     Limited Effect.  By its execution of this Amendment, each
Consenting Bank hereby waives any non-compliance by the Borrower with Section
5.1(d) of the Credit Agreement prior to the date of this Amendment.  Except as
expressly provided herein, the Credit Agreement and the other Credit Documents
shall remain unmodified and in full force and effect.  This Amendment shall not
be deemed (a) to be a waiver of, or consent to, or a modification or amendment
of, any other term or condition of the Credit Agreement or any other Credit
Document other than as expressly set forth herein, (b) to prejudice any right or
rights that the Administrative Agent or the Banks may now have or may have in
the future under or in connection with the Credit Agreement or the other Credit
Documents or any of the instruments or agreements referred to therein, as the
same may be amended, restated, supplemented or modified from time to time, or
(c) to be a commitment or any other undertaking or expression of any willingness
to engage in any further discussion with the Borrower, any of its Subsidiaries
or any other Person with respect to any other waiver, amendment, modification or
any other change to the Credit Agreement or the Credit Documents or any rights
or remedies arising in favor of the Banks or the Administrative Agent, or any of
them, under or with respect to any such documents. 

 

SECTION 5.     Costs and Expenses. The Borrower hereby reconfirms its
obligations pursuant to Section 10.3(a) of the Credit Agreement to pay and
reimburse the Administrative Agent in accordance with the terms thereof.

 

SECTION 6.     Representations and Warranties.  To induce the Administrative
Agent and the Consenting Banks to enter into this Amendment, the Borrower
represents and warrants to the Administrative Agent and the Consenting Banks
that:  (a) the representations and warranties contained in the Credit Agreement
are true and correct in all material respects (where not already qualified by
materiality, otherwise in all respects) on and as of the date hereof immediately
after giving effect to this Amendment with the same effect as though made on the
date hereof (it being understood and agreed that any representation or warranty
which by its terms is made as of a specified date shall be required to be true
and correct in all material respects (where not already qualified by
materiality, otherwise in all respects) only as of such specified date);
(b) immediately after giving effect to this Amendment no Default or Event of
Default exists; (c) this Amendment has been duly authorized by all necessary
corporate proceedings and duly executed and delivered by the Borrower and each
other Credit Party, and the Credit Agreement, as amended by this Amendment, is
the legal, valid and binding obligation of the Borrower and each other Credit
Party, enforceable against the Borrower and each other Credit Party in

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accordance with its terms; and (d) no consent, approval, authorization, order,
registration or qualification with any Governmental Authority is required for,
the absence of which would materially adversely affect, the legal and valid
execution and delivery or performance by the Borrower or any other Credit Party
of this Amendment or the performance by the Borrower or any other Credit Party
of the Credit Agreement, as amended by this Amendment.  Each Guarantor hereby
ratifies and reaffirms:  (i) the validity, legality and enforceability of its
obligations under Article 9 of the Credit Agreement; (ii) that its reaffirmation
of such obligations is a material inducement to the Administrative Agent and the
Consenting Banks to enter into this Amendment; and (iii) that its obligations
under Article 9 of the Credit Agreement shall remain in full force and effect in
accordance with its terms until all the Guaranteed Obligations have been paid in
full.

 

SECTION 7.     Reference to and Effect on the Credit Agreement and the Credit
Documents.  

 

(a)     On and after the date hereof, each reference in the Credit Agreement to
“this Agreement,” “herein,” “hereto”, “hereof” and “hereunder” or words of like
import referring to the Credit Agreement, and each reference in the Notes and
each of the other Credit Documents to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, shall mean
and be a reference to the Credit Agreement, as amended by this Amendment.

 

(b)     Except as specifically provided above, the Credit Documents shall remain
in full force and effect and are hereby ratified and confirmed in all
respects.  The execution, delivery, and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power, or remedy of the Administrative Agent or any Bank under the Credit
Agreement or any other Credit Document, nor constitute a waiver or modification
of any provision of the Credit Agreement or any other Credit Document. This
Amendment is a Credit Document and is subject to the terms and conditions of the
Credit Agreement.

 

SECTION 8.     Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY  AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 9.     Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. Delivery of an
executed counterpart to this Amendment by facsimile transmission or by
electronic mail in pdf format shall be as effective as delivery of a manually
executed counterpart hereto.

 

[The remainder of this page is intentionally left blank.]

 

 

 

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IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first above
written.

 

 

 

 

ALLIANCE DATA SYSTEMS CORPORATION, as Borrower

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:   J. Jeffrey Chesnut

 

Title:     Senior Vice President and Treasurer

 

 

 

 

 

 

 

ADS ALLIANCE DATA SYSTEMS, INC., as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:     Senior Vice President and Treasurer

 

 

 

 

 

 

 

EPSILON DATA MANAGEMENT, LLC, as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:    Vice President and Assistant Treasurer

 

 

 

 

 

 

 

ALLIANCE DATA FOREIGN HOLDINGS, INC., as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:    Treasurer

 

 

 

 

 

 

 

ADS foreign holdings, INC., as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:    Treasurer

 

 

 

 

 

 

 

 

 

 

 

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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comenity llc, as Guarantor

 

 

 

By:  /s/ Jeffrey L. Fair 

 

Name:  Jeffrey L. Fair

 

Title:    Vice President, Tax

 

 

 

 

 

 

 

Aspen marketing services, llc, as Guarantor

 

 

 

By:  /s/ Jeffrey L. Fair

 

Name:  Jeffrey L. Fair

 

Title:    Vice President, Tax

 

 

 

 

 

 

 

comenity servicing llc, as Guarantor

 

 

 

By:  /s/ Jeffrey L. Fair

 

Name:  Jeffrey L. Fair

 

Title:    Vice President, Tax

 

 

 

 

 

 

 

comMISSION JUNCTION llc, as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:    Vice President and Assistant Treasurer

 

 

 

 

 

 

 

coNVERSANT llc, as Guarantor

 

 

 

By:  /s/ J. Jeffrey Chesnut

 

Name:  J. Jeffrey Chesnut

 

Title:    Vice President and Assistant Treasurer

 

 

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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wells fargo bank, national association,

 

as Administrative Agent and a Bank

 

 

 

By:  /s/ Justin Arena 

 

Name:  Justin Arena

 

Title:    Director

 

 

 

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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BANK OF AMERICA, N.A., as a Lender

 

 

 

By:  /s/ Molly Daniello 

 

Name:  Molly Daniello

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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MUFG Bank, Ltd. (formerly known as The Bank of

 

Tokyo-Mitsubishi UFJ, Ltd), as a Lender

 

 

 

By:  /s/ Lillian Kim

 

Name:  Lillian Kim

 

Title:    Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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MIZUHO BANK, LTD., as a Lender

 

 

 

By:  /s/ John Davies

 

Name:  John Davies

 

Title:    Authorized Signatory

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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JPMORGAN CHASE BANK, N.A.

 

 

 

By:  /s/ Christine Lathrop

 

Name:  Christine Lathrop

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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SUNTRUST BANK, as a Lender

 

 

 

By:  /s/ Justin Lien

 

Name:  Justin Lien

 

Title:    Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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BNP PARIBAS, as a Lender

 

 

 

By:  /s/ Mathew Harvey

 

Name:  Mathew Harvey

 

Title:    Managing Director

 

 

 

By:  /s/ Liz Cheng

 

Name:  Liz Cheng

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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FIFTH THIRD BANK, as a Lender

 

 

 

By:  /s/ Matthew Lewis

 

Name:  Matthew Lewis

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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ROYAL BANK OF CANADA

 

 

 

By:  /s/ Kamran Khan

 

Name:  Kamran Khan

 

Title:    Authorized Signatory

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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SUMITOMO MITSUI BANKING CORPORATION, as

 

a Lender

 

 

 

By:  /s/ Katsuyuki Kubo

 

Name:  Katsuyuki Kubo

 

Title:    Managing Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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THE BANK OF NOVA SCOTIA, as a Lender

 

 

 

By:  /s/ Kevin Chan

 

Name:  Kevin Chan

 

Title:    Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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CANADIAN IMPERIAL BANK OF COMMERCE,

 

NEW YORK BRANCH, as a Lender

 

 

 

By:  /s/ Andrew Campbell

 

Name:  Andrew Campbell

 

Title:    Authorized Signatory

 

 

 

By:  /s/ Melissa E. Brown 

 

Name:  Melissa E. Brown

 

Title:    Authorized Signatory

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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CITIZENS BANK, N.A., as a Lender

 

 

 

By:  /s/ Tyler Stephens 

 

Name:  Tyler Stephens

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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COMPASS BANK D/B/A BBVA COMPASS, as a

 

Lender

 

 

 

By:  /s/ Raj Nambiar 

 

Name:  Raj Nambiar

 

Title:    Sr. Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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KEYBANK NATIONAL ASSOCIATION, as a Lender

 

 

 

By:  /s/ Geoff Smith 

 

Name:  Geoff Smith

 

Title:    Senior Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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REGIONS BANK, as a Lender

 

 

 

By:  /s/ Kyle Husted 

 

Name:  Kyle Husted

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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U.S. BANK N.A., as a Lender

 

 

 

By:  /s/ David J. Michalski

 

Name:  David J. Michalski

 

Title:    Senior Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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DEUTSCHE BANK AG, NEW YORK BRANCH, as a

 

Lender

 

 

 

By:  /s/ Alicia Schug

 

Name:  Alicia Schug

 

Title:    Vice President

 

 

 

By:  /s/ Marguerite Sutton

 

Name:  Marguerite Sutton

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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RAYMOND JAMES BANK, N.A., as a Lender

 

 

 

By:  /s/ Joseph A. Ciccolini

 

Name:  Joseph A. Ciccolini

 

Title:    Senior Vice President – Corporate Banking

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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THE NORTHERN TRUST COMPANY, as a Lender

 

 

 

By:  /s/ Wicks Barkhausen

 

Name:  Wicks Barkhausen

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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ING BANK N.V., DUBLIN BRANCH, as a Lender

 

 

 

By:  /s/ Shaun Hawley

 

Name:  Shaun Hawley

 

Title:    Director

 

 

 

By:  /s/ Barry Fehily

 

Name:  Barry Fehily

 

Title:    Managing Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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SYNOVUS BANK, as a Lender

 

 

 

By:  /s/ W. Spencer Ragland

 

Name:  W. Spencer Ragland

 

Title:    Senior Director

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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CADENCE BANK, N.A., as a Lender

 

 

 

By:  /s/ Melinda N. Jackson

 

Name:  Melinda N. Jackson

 

Title:    Executive Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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ASSOCIATED BANK N.A., as a Lender

 

 

 

By:  /s/ Dean Rosencrans

 

Name:  Dean Rosencrans

 

Title:    Senior Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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TAIWAN BUSINESS BANK, LTD., NEW YORK

 

BRANCH, as a Lender

 

 

 

By:  /s/ Sandy Chen

 

Name:  Sandy Chen

 

Title:    General Manager

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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WOODFOREST NATIONAL BANK,

 

as a Lender

 

 

 

By:  /s/ Jacob McGee

 

Name:  Jacob McGee

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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FIRST NATIONAL BANK OF OMAHA, as a Lender

 

 

 

By:  /s/ Nathan Johns

 

Name:  Nathan Johns

 

Title:    Vice President

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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THE HUNTINGTON NATIONAL BANK, as a Lender

 

 

 

By:  /s/ Dan Swanson

 

Name:  Dan Swanson

 

Title:    Assistant Vice President

 

 

Alliance Data Systems Corporation

Second Amendment to Amended and Restated Credit Agreement

Signature Page

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