Exhibit 10.1
EXECUTION COPY
U.S.$200,000,000
FACILITY AGREEMENT
dated 13 March 2007
for
CERTAIN SUBSIDIARIES OF
SIGMA-ALDRICH CORPORATION
and guaranteed by
SIGMA-ALDRICH CORPORATION
arranged by
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
and
WELLS FARGO BANK, NATIONAL ASSOCIATION
as Arrangers
with
WELLS FARGO BANK, NATIONAL ASSOCIATION
acting as Facility Agent
and
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
acting as Syndication Agent
and
BANK OF AMERICA, NATIONAL ASSOCIATION
acting as Documentation Agent
LOGO [g84990logo-sidley.jpg]
TABLE OF CONTENTS
Clause
Page
1.
DEFINITIONS AND INTERPRETATION
1
2.
THE FACILITY
16
3.
PURPOSE
17
4.
CONDITIONS OF UTILISATION
17
5.
UTILISATION
19
5A.
UTILISATION - LETTERS OF CREDIT
20
5B.
LETTERS OF CREDIT
24
5C.
UTILISATION - SWINGLINE LOANS
28
5D.
SWINGLINE LOANS
32
5E.
UTILISATION - EURO SWINGLINE LOANS
34
5F.
EURO SWINGLINE LOANS
38
6.
OPTIONAL CURRENCIES
40
7.
REPAYMENT AND INCREASE OF FACILITY
42
8.
PREPAYMENT AND CANCELLATION
43
9.
INTEREST
45
10.
INTEREST PERIODS
46
11.
CHANGES TO THE CALCULATION OF INTEREST
47
12.
FEES
48
13.
TAX GROSS UP AND INDEMNITIES
49
14.
INCREASED COSTS
55
15.
OTHER INDEMNITIES
56
16.
MITIGATION BY THE LENDERS
57
17.
COSTS AND EXPENSES
57
18.
GUARANTEE AND INDEMNITY
59
19.
REPRESENTATIONS
62
i
20.
INFORMATION UNDERTAKINGS
66
21.
FINANCIAL COVENANTS
71
22.
GENERAL UNDERTAKINGS
71
23.
EVENTS OF DEFAULT
75
24.
CHANGES TO THE LENDERS
79
25.
CHANGES TO THE OBLIGORS
83
26.
ROLE OF THE FACILITY AGENT AND THE ARRANGER
85
27.
CONDUCT OF BUSINESS BY THE FINANCE PARTIES
90
28.
SHARING AMONG THE FINANCE PARTIES
90
29.
PAYMENT MECHANICS
93
30.
SET-OFF
96
31.
NOTICES
96
32.
CALCULATIONS AND CERTIFICATES
98
33.
PARTIAL INVALIDITY
98
34.
REMEDIES AND WAIVERS
99
35.
AMENDMENTS AND WAIVERS
99
36.
COUNTERPARTS
100
37.
GOVERNING LAW
101
38.
ENFORCEMENT
101
39.
CONFIDENTIALITY
102
SCHEDULE 1 THE ORIGINAL PARTIES
103
Part I The Original Obligors
103
Part IIA The Original Lenders -
other than UK Non-Bank Lenders
104
Part IIB The Original Swingline Lenders
104
Part IIC The Original Euro Swingline Lenders
104
Part III The
Original Lenders - UK Non-Bank Lenders
105
Part IV The Issuing Bank
105
ii
SCHEDULE 2 CONDITIONS PRECEDENT
106
Part I Conditions Precedent To Initial Utilisation
106
Part II Conditions precedent required to be delivered by an Additional Obligor
108
SCHEDULE 3 UTILISATION REQUEST
110
Part I Loans
110
Part II Letters of Credit
112
Part III Swingline Loans
113
Part IV Euro Swingline Loans
114
SCHEDULE 4 MANDATORY COST FORMULAE
115
SCHEDULE 5 FORM OF TRANSFER CERTIFICATE
118
SCHEDULE 6 FORM OF ACCESSION LETTER
120
SCHEDULE 7 FORM OF RESIGNATION LETTER
121
SCHEDULE 8 FORM OF COMPLIANCE CERTIFICATE
122
SCHEDULE 9 EXISTING SECURITY
124
SCHEDULE 10 LMA CONFIDENTIALITY LETTERS
125
Part I LMA CONFIDENTIALITY LETTER (SELLER)
125
Part II LMA CONFIDENTIALITY LETTER (PURCHASER)
130
SCHEDULE 11 TIMETABLES
135
SCHEDULE 12 FORM OF LETTER OF CREDIT
139
SCHEDULE 13 PRICING SCHEDULE
142
SCHEDULE 14 SUBSIDIARIES
143
iii
THIS AGREEMENT is dated 13 March 2007 and made between:
(1)