A.M. CASTLE & CO. - 8-K


Exhibit 4.4


 


FIRST
SUPPLEMENTAL INDENTURE


 


 



 


DATED
DECEMBER 8, 2016


 


 





  


SUPPLEMENTAL
INDENTURE (this “Supplemental Indenture”), dated as of December 8, 2016, among HY-Alloy Steels Company, a Delaware
corporation (“HY-Alloy”), Keystone Service, Inc., an Indiana corporation (“Keystone” and
together with HY-Alloy, the “Guaranteeing Subsidiaries”), A. M. CASTLE & CO., a Maryland corporation and
the parent of the Guaranteeing Subsidiaries (the “Company”), the other Guarantors (as defined in the Indenture
referred to herein) and U.S. BANK NATIONAL ASSOCIATION, as trustee under the Indenture referred to below (the “Trustee”).


 


WITNESSETH


 


WHEREAS,
the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of
May 19, 2016 providing for the issuance of 5.25% Convertible Senior Secured Notes due 2019 (the “Notes”);


 


WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee
a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s
Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”);
and


 


WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.


 


NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of
the Notes as follows:


 


1.          CAPITALIZED
TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.


 


2.          AGREEMENT
TO GUARANTEE. The Guaranteeing Subsidiaries hereby agree to provide an unconditional Guarantee on the terms and subject to the
conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 13 thereof.


 


4.          NO
RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such,
will have any liability for any obligations of the Company or the Guarantors under the Notes, the Indenture or the Note Guarantees
or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting
a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
The waiver may not be effective to waive liabilities under the federal securities laws.


 






     


     

    

 


5.          NEW
YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE, AND THE HOLDERS BY THEIR PURCHASE OF NOTES UNDER THE INDENTURE,
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.


 


6.          COUNTERPARTS.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement.


 


7.          OF HEADINGS. The Section headings herein have been inserted for convenience of reference only, are not intended to be considered
a part hereof and shall not modify or restrict any of the terms or provisions hereof.


 


8.          THE
TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiaries and the Company.


 


[Signature
pages follow]



 






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IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written
above.


 


	 	A.
    M. CASTLE & CO.
	 	 
	 	By:  /s/
    Patrick R. Anderson
	 	Name:  Patrick
    R. Anderson
	 	Title:  Chief
    Financial Officer
	 	 
	 	TOTAL
    PLASTICS, INC.
	 	 
	 	By:  /s/
    Patrick R. Anderson
	 	Name:  Patrick
    R. Anderson
	 	Title:  Vice
    President and Treasurer
	 	 
	 	KEYSTONE
    TUBE COMPANY, LLC
	 	 
	 	By:  /s/
    Patrick R. Anderson
	 	Name:  Patrick
    R. Anderson
	 	Title:  Treasurer
	 	 
	 	HY-Alloy
    Steels Company
	 	 
	 	By:  /s/
    Patrick R. Anderson
	 	Name:  Patrick
    R. Anderson
	 	Title:  Vice
    President and Treasurer
	 	 
	 	Keystone
    Service, Inc. 
	 	 
	 	By:  /s/
    Patrick R. Anderson
	 	Name:  Patrick
    R. Anderson
	 	Title:  Treasurer



 






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IN
WITNESS WHEREOF, the undersigned, being duly authorized, has executed this Supplemental Indenture as of the date first above
written.


	 	 	 
	 	U.S.
    BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee
	 	 	 
	 	By:	/s/
    Raymond S. Haverstock
	 	Name:	Raymond
    S. Haverstock
	 	Title:	Vice
    President
	 	 	 
	 	U.S.
    BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Collateral Agent
	 	 	 
	 	By:	/s/
    Raymond S. Haverstock
	 	Name:	Raymond
    S. Haverstock
	 	Title:	Vice
    President


  



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