Exhibit 10.1

 

SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

This Sixth Amendment to Amended and Restated Credit Agreement (this “Sixth
Amendment”) is made as of October 3, 2012, by and among GLOBAL OPERATING LLC, a
Delaware limited liability company (“OLLC”), GLOBAL COMPANIES LLC, a Delaware
limited liability company (“Global”), GLOBAL MONTELLO GROUP CORP., a Delaware
corporation (“Montello”), GLEN HES CORP., a Delaware corporation (“Glen Hes”),
CHELSEA SANDWICH LLC, a Delaware limited liability company (“Chelsea LLC”), GLP
FINANCE CORP., a Delaware corporation (“Finance”), GLOBAL ENERGY MARKETING LLC,
a Delaware limited liability company (“GEM”), ALLIANCE ENERGY LLC, a
Massachusetts limited liability company (“Alliance”, and, collectively with
OLLC, Global, Montello, Glen Hes, Chelsea LLC, Finance and GEM, the “Borrowers”
and each a “Borrower”), GLOBAL PARTNERS LP, a Delaware limited partnership (the
“MLP”), GLOBAL GP LLC, a Delaware limited liability company (the “GP” and,
collectively with the MLP, the “Original Guarantors and each individually, an
“Original Guarantor”), each “Lender” (as such term is defined in the Credit
Agreement referred to below) party hereto (each, a “Lender” and collectively,
the “Lenders”) and Bank of America, N.A. as Administrative Agent, Swing Line
Lender and L/C Issuer (as each such term is defined in the Credit Agreement),
amending certain provisions of that certain Amended and Restated Credit
Agreement dated as of May 14, 2010 (as amended and in effect from time to time,
the “Credit Agreement”) by and among the Borrowers, the Original Guarantors, the
Lenders, the Administrative Agent, the L/C Issuer, the Swing Line Lender,
JPMorgan Chase Bank, N.A. as Syndication Agent and Societe Generale, Standard
Chartered Bank, Wells Fargo Bank, N.A. and RBS Citizens, National Association,
as Co-Documentation Agents.  Terms not otherwise defined in the Credit Agreement
shall have the same respective meanings herein as therein.

 

WHEREAS, pursuant to Section 2.13(a) of the Credit Agreement, the Borrowers had
the right at any time from and after the Alliance Acquisition Effective Date, to
request an increase in the Aggregate WC Commitment by an amount not exceeding
$100,000,000;

 

WHEREAS, on September 11, 2012 the Borrowers requested that the Aggregate WC
Commitment be increased by $100,000,000 and in connection therewith, and
pursuant to the terms and conditions of Section 2.13 of the Credit Agreement,
certain Lenders agreed to increase their respective WC Commitments and,
effective October 3, 2012, the Aggregate WC Commitment was so increased by
$100,000,000;

 

WHEREAS, the Borrowers have requested the ability to request additional
increases in the Aggregate WC Commitment from time to time from and after the
date hereof in an aggregate amount not to exceed $100,000,000, subject to
compliance with the terms and conditions of the Credit Agreement, including,
without limitation, the provisions of Section 2.13 thereof;

 

WHEREAS, in connection with such request, the Loan Parties, the Lenders, the
Administrative Agent, the Swing Line Lender and the L/C Issuer desire to amend
certain provisions of the Credit Agreement as provided more fully herein below;

 

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NOW, THEREFORE, in consideration of the premises and the mutual agreements
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

 

§1.  Amendment to Section 2 of the Credit Agreement.  Section 2.13(a) of the
Credit Agreement is hereby amended by deleting the words “the Borrowers may from
time to time from and after the Alliance Acquisition Effective Date, request an
increase in the Aggregate WC Commitments by an amount (for all such requests)
not exceeding $100,000,000” which appear in Section 2.13(a) and substituting in
place thereof the words “the Borrowers may from time to time from and after
October 4, 2012, request an increase in the Aggregate WC Commitments by an
amount (for all such requests) not exceeding $100,000,000”.

 

§2.  Conditions to Effectiveness.This Sixth Amendment will become effective as
of the date hereof upon receipt by the Administrative Agent of fully-executed
original counterparts of this Sixth Amendment executed by the Loan Parties, the
Administrative Agent, the Swing Line Lender, the L/C Issuer and the required
Lenders.

 

§3.                               Representations and Warranties.  Each of the
Loan Parties hereby repeats, on and as of the date hereof, each of the
representations and warranties made by it in Article V of the Credit Agreement,
provided, that all references therein to the Credit Agreement shall refer to
such Credit Agreement as amended hereby.  In addition, each of the Loan Parties
hereby represents and warrants that the execution and delivery by such Loan
Party of this Sixth Amendment and the performance by each such Loan Party of all
of its agreements and obligations under the Credit Agreement as amended hereby
and the other Loan Documents to which it is a party are within the corporate,
partnership and/or limited liability company authority of each of the Loan
Parties and have been duly authorized by all necessary corporate, partnership
and/or membership action on the part of each of the Loan Parties.

 

§4.                               Ratification, Etc.  Except as expressly
amended hereby, the Credit Agreement and all documents, instruments and
agreements related thereto, including, but not limited to the Security
Documents, are hereby ratified and confirmed in all respects and shall continue
in full force and effect.  The Credit Agreement and this Sixth Amendment shall
be read and construed as a single agreement.  All references in the Credit
Agreement or any related agreement or instrument to the Credit Agreement shall
hereafter refer to the Credit Agreement as amended hereby.  This Sixth Amendment
shall constitute a Loan Document.

 

§5.                               No Waiver.  Nothing contained herein shall
constitute a waiver of, impair or otherwise affect any Obligations, any other
obligation of the Loan Parties or any rights of the Administrative Agent, the
L/C Issuer, the Swing Line Lender, the Syndication Agent, the Co-Documentation
Agents or the Lenders consequent thereon.

 

§6.                               Counterparts.  This Sixth Amendment may be
executed in one or more counterparts, each of which shall be deemed an original
but which together shall constitute one and the same instrument.

 

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§7.                               Governing Law.  THIS SIXTH AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(WITHOUT REFERENCE TO CONFLICT OF LAWS).

 

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IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment as a
document under seal as of the date first above written.

 

 

GLOBAL OPERATING LLC

 

By: Global Partners LP, its sole member

 

By: Global GP LLC, its general partner

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

GLOBAL COMPANIES LLC

 

By: Global Operating LLC, its sole member

 

By: Global Partners LP, its sole member

 

By: Global GP LLC, its general partner

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

GLOBAL MONTELLO GROUP CORP.

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

 

 

CHELSEA SANDWICH LLC

 

By: Global Operating LLC, its sole member

 

By: Global Partners LP, its sole member

 

By: Global GP LLC, its general partner

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

 

 

GLEN HES CORP.

 

 

 

 

 

 

By:

/s/ Edward J. Faneuil

 

 

Title:

Executive Vice President

 

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GLP FINANCE CORP.

 

 

 

 

 

By:

/s/ Edward J. Faneuil

 

 

Title:

Executive Vice President

 

 

 

GLOBAL ENERGY MARKETING LLC

 

By: Global Operating LLC, its sole member

 

By: Global Partners LP, its sole member

 

By: Global GP LLC, its general partner

 

 

 

 

 

By:

/s/ Edward J. Faneuil

 

 

Title:

Executive Vice President

 

 

 

 

 

ALLIANCE ENERGY LLC

 

By: Global Operating LLC, its sole member

 

By: Global Partners LP, its sole member

 

By: Global GP LLC, its general partner

 

 

 

 

 

By:

/s/ Edward J. Faneuil

 

 

Title:

Executive Vice President

 

 

 

GLOBAL PARTNERS LP

 

By: Global GP LLC, its general partner

 

 

 

 

 

By:

/s/ Daphne H. Foster

 

 

Title:

Treasurer

 

 

 

GLOBAL GP LLC

 

 

 

 

 

 

By:

/s/ Daphne H. Foster

 

 

Title:

Treasurer

 

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BANK OF AMERICA, N.A., as Administrative Agent

 

 

 

 

By:

/s/ Michelle D. Diggs

 

Name:

Michelle D. Diggs

 

Title:

Agency Management Officer

 

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BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender

 

 

 

 

By:

/s/ Margaret Niekrash

 

Name:

Margaret Niekrash

 

Title:

Vice President

 

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JPMORGAN CHASE BANK, N.A., as a Lender and L/C Issuer

 

 

 

 

By:

/s/ Paul V. Phelan

 

Name:

Paul V. Phelan

 

Title:

Senior Vice President

 

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WELLS FARGO BANK, N.A., as a Lender

 

 

 

 

By:

/s/ Daniel Grondin

 

Name:

Daniel Grondin

 

Title:

Senior Vice President

 

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SOCIETE GENERALE, as a Lender

 

 

 

 

 

 

 

By:

/s/ Chad Clark

 

Name:

Chad Clark

 

Title:

Managing Director

 

 

 

 

 

 

 

By:

/s/ Matt Worstell

 

Name:

Matt Worstell

 

Title:

Vice President

 

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STANDARD CHARTERED BANK, as a Lender

 

 

 

 

By:

/s/ Patricia Doyle

 

Name:

Patricia Doyle

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ Robert K. Peddington

 

Name:

Robert K. Peddington

 

Title:

Credit Documentation Manager

 

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RBS CITIZENS, NATIONAL ASSOCIATION, as a Lender

 

 

 

 

By:

/s/ Donald A. Wright

 

Name:

Donald A. Wright

 

Title:

Senior Vice President

 

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BNP PARIBAS, as a Lender

 

 

 

 

 

 

 

By:

/s/ Matthew L. Rosetti

 

Name:

Matthew L. Rosetti

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ Suzanne Durney

 

Name:

Suzanne Durney

 

Title:

Managing Director

 

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COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND” NEW
YORK BRANCH, as a Lender

 

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

 

 

 

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

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SOVEREIGN BANK, N.A. as a Lender

 

 

 

By:

/s/ Daniela Hofer-Gautschi

 

Name:

Daniela Hofer-Gautschi

 

Title:

Vice President

 

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender

 

 

 

 

By:

/s/ Zali Win

 

Name:

Zali Win

 

Title:

Managing Director

 

 

 

 

 

 

 

By:

/s/ Michel Kermarrec

 

Name:

Michel Kermarrec

 

Title:

Vice President

 

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KEYBANK NATIONAL ASSOCIATION, as a Lender

 

 

 

By:

/s/ Keven D. Smith

 

Name:

Keven D. Smith

 

Title:

Senior Vice President

 

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TORONTO DOMINION (NEW YORK) LLC, as a Lender

 

 

 

By:

/s/ Debbi Brito

 

Name:

Debbi Brito

 

Title:

Authorized Signatory

 

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RB INTERNATIONAL FINANCE (USA) LLC, as a Lender

 

 

 

 

By:

/s/ Astrid Wilke

 

Name:

Astrid Wilke

 

Title:

Group Vice President

 

 

 

 

 

 

 

By:

/s/ Pearl Geffers

 

Name:

Pearl Geffers

 

Title:

First Vice President

 

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ROYAL BANK OF CANADA, as a Lender

 

 

 

By:

/s/ Kristan Spivey

 

Name:

Kristan Spivey

 

Title:

Authorized Signatory

 

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RAYMOND JAMES BANK, FSB, as a Lender

 

 

 

By:

/s/ Scott G. Axelrod

 

Name:

Scott G. Axelrod

 

Title:

Vice President

 

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BARCLAYS BANK PLC, as a Lender

 

 

 

By:

/s/ Michael J. Mozer

 

Name:

Michael J. Mozer

 

Title:

Vice President

 

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WEBSTER BANK NATIONAL ASSOCIATION, as a Lender

 

 

 

 

By:

/s/ Carol Carver

 

Name:

Carol Carver

 

Title:

Vice President

 

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NATIXIS, NEW YORK BRANCH, as a Lender

 

 

 

By:

/s/ Carla Gray

 

Name:

Carla Gray

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ David Pershad

 

Name:

David Pershad

 

Title:

Managing Director

 

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DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK FRANKFURT AM MAIN, as a Lender

 

 

 

 

By:

/s/ Nikolas Voutfug

 

Name:

Nikolas Voutfug

 

Title:

Senior Vice President

 

 

 

 

 

 

 

By:

/s/ Daniel Teschuen

 

Name:

Daniel Teschuen

 

Title:

Vice President

 

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BRANCH BANKING & TRUST COMPANY, as a Lender

 

 

 

By:

/s/ Eric Searls

 

Name:

Eric Searls

 

Title:

Vice President

 

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SUMITOMO MITSUI BANKING CORPORATION, as a Lender

 

 

 

 

By:

/s/ Shuji Yabe

 

Name:

Shuji Yabe

 

Title:

Managing Director

 

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DEUTSCHE BANK, NEW YORK BRANCH, as a Lender

 

 

 

By:

/s/ Chris Chapman

 

Name:

Chris Chapman

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ Juan J. Mejia

 

Name:

Juan J. Mejia

 

Title:

Director

 

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TD BANK, N.A., as a Lender

 

 

 

By:

/s/ Vijay Prasad

 

Name:

Vijay Prasad

 

Title:

Senior Vice President

 

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PEOPLE’S UNITED BANK, as a Lender

 

 

 

By:

/s/ Matthew Leighton

 

Name:

Matthew Leighton

 

Title:

Vice President

 

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FLAGSTAR BANK, FSB, as a Lender

 

 

 

By:

/s/ James B. Daley

 

Name:

James B. Daley

 

Title:

Assistant Vice President

 

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THE HUNTINGTON NATIONAL BANK, as a Lender

 

 

 

By:

/s/ Jared Shaner

 

Name:

Jared Shaner

 

Title:

Authorized Signer

 

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BLUE HILLS BANK, as a Lender

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender

 

 

 

By:

/s/ Chan K Park

 

Name:

Chan K Park

 

Title:

Managing Director

 

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FIRST NIAGARA BANK, N.A. as a Lender

 

 

 

By:

/s/ Robert Dellatorre

 

Name:

Robert Dellatorre

 

Title:

Vice President

 

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RATIFICATION OF GUARANTY

 

Each of the undersigned guarantors (each a “Guarantor”) hereby acknowledges and
consents to the foregoing Sixth Amendment as of October 3, 2012, and agrees that
each of (a) the Amended and Restated Guaranty dated as of May 14, 2010 (as
amended and in effect from time to time, the “Original Guaranty”) from each of
Global Partners LP and Global GP LLC and (b) the Guaranty dated as of March 1,
2012 (as amended and in effect from time to time, the “Alliance Guaranty”) from
each of Alliance Retail LLC and Bursaw Oil LLC remains in full force and effect,
and each of the Guarantors confirms and ratifies all of its obligations
thereunder and under each of the other Loan Documents to which such Guarantor is
a party. Notwithstanding anything to the contrary contained herein, the parties
thereto hereby acknowledge, agree and confirm that as of the date hereof, each
of the Original Guaranty and the Alliance Guaranty remains in full force and
effect.

 

 

GLOBAL PARTNERS LP

 

By:

Global GP LLC, its general partner

 

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

 

 

 

 

 

 

GLOBAL GP LLC

 

 

 

 

 

 

 

 

 

By:

/s/ Thomas J. Hollister

 

 

Title:

Chief Operating Officer and Chief Financial Officer

 

 

 

 

 

ALLIANCE RETAIL LLC

 

 

 

 

 

 

 

 

 

By:

/s/ Daphne H. Foster

 

 

Title:

Treasurer

 

 

 

 

 

BURSAW OIL LLC

 

 

 

 

 

 

 

 

 

By:

/s/ Daphne H. Foster

 

 

Title:

Treasurer

 

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