Exhibit 10.1
Execution Copy
AMENDMENT NO. 1 TO CREDIT AGREEMENT
     This Amendment (this “Amendment”) is entered into as of May 17, 2007 by and
among Wm. Wrigley Jr. Company, a Delaware corporation (the “Borrower”), JPMorgan
Chase Bank, N. A., individually and as administrative agent (the “Administrative
Agent”), and the other financial institutions signatory hereto.
RECITALS
     A. The Borrower, the Administrative Agent and the Lenders are party to that
certain credit agreement dated as of July 14, 2005 (the “Credit Agreement”).
Unless otherwise specified herein, capitalized terms used in this Amendment
shall have the meanings ascribed to them by the Credit Agreement.
     B. The Borrower, the Administrative Agent and the Lenders wish to amend the
Credit Agreement on the terms and conditions set forth below.
     Now, therefore, in consideration of the mutual execution hereof and other
good and valuable consideration, the parties hereto agree as follows:
          1. Amendment of Credit Agreement. The Credit Agreement is hereby
amended as follows:
          (a) Section 5.4 of the Credit Agreement is amended in its entirety to
read as follows:
Financial Statements. The December 31, 2006 consolidated financial statements of
the Borrower and its Subsidiaries heretofore delivered to the Lenders were
prepared in accordance with generally accepted accounting principles in effect
on the date such statements were prepared and fairly present in all material
respects the consolidated financial conditions and their operations of the
Borrower and its Subsidiaries at such date and the consolidated results of their
operation for the period then ended.
          (b) Section 6.13 of the Credit Agreement is amended in its entirety to
read as follows:
Leverage Ratio. The Borrower will not permit the Leverage Ratio at any time to
be greater than 0.65 to 1.00.
          (c) The Pricing Schedule is hereby amended in its entirety to read as
the pricing schedule attached hereto.
          (d) Schedule 1 to the Credit Agreement is hereby amended in its
entirety to read as attached hereto.
          2. Representations and Warranties of the Borrower. The Borrower
represents and warrants that:

 

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          (a) The Borrower has the corporate power and authority and legal right
to execute and deliver this Amendment and to perform its obligations hereunder.
The execution and delivery by the Borrower of this Amendment and the performance
of its obligations hereunder have been duly authorized by proper corporate
proceedings, and this Amendment constitutes the legal, valid and binding
obligation of the Borrower enforceable against the Borrower in accordance with
its terms, except as enforceability may be limited by bankruptcy, insolvency 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);
          (b) Treating this Amendment and the Credit Agreement as amended hereby
as “Loan Documents” for purposes thereof, each of the representations and
warranties contained in Article V of the Credit Agreement is true and correct in
all material respects on and as of the date hereof as if made on the date
hereof; and
          (c) No Default or Unmatured Default has occurred and is continuing.
          3. Effective Date. This Amendment shall become effective upon the
execution and delivery hereof by the Borrower, the Administrative Agent and the
Lenders identified on the signature pages hereto.
          4. Reference to and Effect Upon the Credit Agreement.
          (a) Except as specifically amended above, the Credit Agreement and the
other Loan Documents shall remain in full force and effect and are hereby
ratified and confirmed.
          (b) 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 any Lender under the Credit Agreement or any Loan Document, nor
constitute a waiver of any provision of the Credit Agreement or any Loan
Document, except as specifically set forth herein. Upon the effectiveness of
this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof, “herein” or words of similar import shall mean and be a
reference to the Credit Agreement as amended hereby.
          5. Costs and Expenses. The Borrower hereby affirms its obligation to
reimburse the Administrative Agent for all reasonable out-of-pocket expenses
incurred by the Administrative Agent in connection with this Amendment as set
forth in Section 9.5 of the Credit Agreement.
          6. Exiting Lender Consent. Dresdner Bank AG (the “Exiting Lender”)
hereby consents to the foregoing Amendment solely for purposes of meeting the
requirements of Section 8.2 of the Credit Agreement. Exiting Lender agrees that,
upon the effectiveness of this Amendment and the payment to the Exiting Lender
of all Obligations due it, the Commitment of the Exiting Lender shall be reduced
to zero and the Exiting Lender shall cease to have any rights or duties as a
Lender under either the Credit Agreement or this Amendment except for rights or

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duties in respect of indemnification obligations which by their terms would
survive termination of the Credit Agreement.
          7. Governing Law. This Agreement shall be construed in accordance with
and governed by the laws (without regard to choice of law rules, other than
section 5-1401 of the New York General Obligations Law) of the State of New
York.
          8. 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 purposes.
          9. Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed an original but all
such counterparts shall constitute one and the same instrument.
[signature pages follow]

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     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
and year first above written.

                  WM. WRIGLEY JR. COMPANY    
 
           
 
  By :   /s/ Alan J. Schneider
 
        Name: Alan J. Schneider         Title: Vice President and Treasurer    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  JPMORGAN CHASE BANK, N.A., Individually and as Administrative
Agent    
 
           
 
  By:   /s/ Jason A. Rastovski
 
        Name: Jason A. Rastovski         Title: Vice President    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  WILLIAM STREET COMMITMENT CORPORATION (Recourse only to assets
of William Street Commitment Corporation)    
 
           
 
  By:   /s/ Mark Walton
 
        Name: Mark Walton         Title: Assistant Vice-President    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  MERRILL LYNCH BANK USA    
 
           
 
  By:   /s/ Louis Alder
 
        Name: Louis Alder         Title: Director    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  CITIBANK, N.A.    
 
           
 
  By:   /s/ Andrew Kreeger
 
        Name: Andrew Kreeger         Title: Vice President    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  THE NORTHERN TRUST COMPANY    
 
           
 
  By:   /s/ Peter J. Hallan
 
        Name: Peter J. Hallan         Title: Vice President    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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                  DRESDNER BANK AG, NEW YORK
AND GRAND CAYMAN BRANCHES, as
Exiting Lender    
 
           
 
  By:   /s/ Brian M. Smith
 
        Name: Brian M. Smith         Title: Managing Director    
 
           
 
  By:   /s/ Thomas R. Brady
 
        Name: Thomas R. Brady         Title: Director    

[SIGNATURE PAGE TO WM. WRIGLEY JR. COMPANY AMENDMENT NO. 1]

 

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PRICING SCHEDULE

                                  Applicable           Level II   Level III    
Margin   Level I Status   Status   Status   Level IV Status
Eurodollar Loans
    .135 %     .155 %     .19 %     .23 %
Floating Rate Loans
    0 %     0 %     0 %     0 %

                                  Applicable Facility                     Fee
Rates           Level II   Level III   Level IV     Level I Status   Status  
Status   Status
Facility Fee
    .04 %     .045 %     .06 %     .07 %
Utilization Fee
    .05 %     .05 %     .05 %     .05 %

For the purposes of this Schedule, the following terms have the following
meanings, subject to the final paragraph of this Schedule:
     “Level I Status” exists at any date if, on such date, the Borrower’s
Moody’s Rating is Aa3 or better or the Borrower’s S&P Rating is AA- or better.
     “Level II Status” exists at any date if, on such date, (i) the Borrower has
not qualified for Level I Status and (ii) the Borrower’s Moody’s Rating is Al or
better or the Borrower’s S&P Rating is A+ or better.
     “Level III Status” exists at any date if, on such date, (i) the Borrower
has not qualified for Level I Status or Level II Status and (ii) the Borrower’s
Moody’s Rating is A2 or better or the Borrower’s S&P Rating is A or better.
     “Level IV Status” exists at any date if, on such date, the Borrower has not
qualified for Level I Status, Level II Status or Level III Status.
     “Moody’s Rating” means, at any time, the rating issued by Moody’s and then
in effect with respect to the Borrower’s senior unsecured long-term debt
securities without third-party credit enhancement.
     “S&P Rating” means, at any time, the rating issued by S&P and then in
effect with respect to the Borrower’s senior unsecured long-term debt securities
without third-party credit enhancement.
     “Status” means Level I Status, Level II Status, Level III Status or Level
IV Status.
     The Applicable Margin and Applicable Facility Fee Rate shall be determined
in accordance with the foregoing table based on the Borrower’s Status as
determined from its then-current Moody’s and S&P Ratings. The credit rating in
effect on any date for the purposes of this Schedule is that in effect at the
close of business on such date. If at any time the Borrower has no

 

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Moody’s Rating or no S&P Rating, Level IV Status shall exist. In the event of a
difference in the equivalent “rating level” from S&P and Moody’s resulting in a
split of only one level, then the Level Status shall be determined by reference
to the higher of the two ratings. In the event of a difference in the equivalent
“rating level” from S&P and Moody’s resulting in a split of greater than one
level, then the Level Status shall be that Level Status one below the Level
Status determined by reference to the higher of the two ratings.

 

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SCHEDULE 1
COMMITMENTS

          Lender   Commitment  
JPMorgan Chase Bank, N.A.
  $ 150,000,000  
William Street Commitment Corporation
  $ 150,000,000  
Merrill Lynch Bank USA
  $ 150,000,000  
Citibank, N.A.
  $ 75,000,000  
The Northern Trust Company
  $ 75,000,000    
Total
  $ 600,000,000