Document:

Exhibit 10.7

Execution Version

 

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT dated as of January 20, 2016 (this “Amendment”) to the Bridge Term Loan Credit Agreement dated as of December 18, 2015 (the “Credit Agreement”), among Walgreens Boots Alliance, Inc., as the Borrower, UBS AG, Stamford Branch, as Administrative Agent, and the Lenders from time to time party thereto.

1.          Defined Terms.  Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Credit Agreement as amended hereby (the “Amended Credit Agreement”).

2.          Amendments to the Credit Agreement.  Each of the parties hereto agrees that, effective on the Amendment Effective Date (as defined below): (a) Section 4.02(k)(i) of the Credit Agreement is hereby amended by (i) inserting “with respect to the Borrower under Section 7.05 or Section 7.06” immediately after the words “no Default or Unmatured Default” in clause (x) thereof and (ii) inserting “constituting Specified Representations” immediately after the words “the representations and warranties contained in Article 5” in clause (y) thereof and (b) Exhibit H of the Credit Agreement is hereby amended by (i) inserting “with respect to the Borrower under Section 7.05 or Section 7.06” immediately after the words “no Default or Unmatured Default” in clause (x) of the second paragraph thereof and (ii) inserting “constituting Specified Representations” immediately after the words “the representations and warranties contained in Article 5 of the Credit Agreement” in clause (y) of the second paragraph thereof.

3.          Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Amendment Effective Date”) when the Administrative Agent shall have received counterparts to this Amendment executed by (i) the Borrower, (ii) the Administrative Agent and (iii) the Required Lenders.

4.          Ratification.  Except to the extent hereby amended, the Credit Agreement and each of the Loan Documents remain in full force and effect and are hereby ratified and affirmed.

5.          Indemnities.  The Borrower agrees that this Amendment constitutes a Loan Document and Section 9.06 of the Credit Agreement is hereby incorporated by reference herein and shall extend to the preparation, execution and delivery of this Amendment.

6.          Limitation.  This Amendment shall be limited precisely as written and except as expressly provided herein, shall not be deemed (a) to be a consent granted pursuant to, or a waiver or modification of, any term or condition of the Credit Agreement or any of the instruments or agreements referred to therein or (b) to prejudice any right or rights which the Administrative Agent or the Lenders may now have or have in the future under or in connection with the Credit Agreement or any of the instruments or agreements referred to therein. Unless the context indicates otherwise, on and after the Amendment Effective Date, whenever the Credit Agreement is referred to in the Credit Agreement, the other Loan Documents or any of the instruments, agreements or other documents or papers executed or delivered in connection therewith, such reference shall be deemed to mean the Credit Agreement as amended by this Amendment.

 

7.          Counterparts.  This Amendment may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which shall be an original and all of which, when taken together, shall constitute but one and the same instrument.  A facsimile or .pdf copy of a counterpart signature page shall serve as the functional equivalent of a manually executed copy for all purposes.

8.          Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[SIGNATURE PAGES FOLLOW]

 

2

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

	 	
WALGREENS BOOTS ALLIANCE, INC.

	 
	 	
as the Borrower

	 
	 	 	 
	 	
By:

	
/s/ Jan Stern Reed

	 
	 	 	
Name: 

	Jan Stern Reed	 
	 	 	
Title: 

	SVP, General Counsel, Corp. Sec	 
	 	 	 	 
	 	
By:

	
/s/ Aidan Clare

	 
	 	 	
Name: 

	Aidan Clare	 
	 	 	
Title: 

	Global Treasurer	 

 

	 	
UBS AG, STAMFORD BRANCH

	 
	 	as Administrative Agent	 
	 	 	 
	 	
By:

	
/s/ Houssem Daly

	 
	 	 	
Name: 

	Houssem Daly	 
	 	 	
Title: 

	Associate Director	 
	 	 	 	 
	 	
By:

	
/s/ Craig Pearson

	 
	 	 	
Name: 

	Craig Pearson	 
	 	 	
Title: 

	Associate Director	 
	 	 	 	 

 

	 	
UBS AG, Stamford Branch,

	 
	 	
as Lender

	 
	 	 	 
	 	
By:

	
/s/ Houssem Daly

	 
	 	 	
Name:

	
Houssem Daly

	 
	 	 	
Title:

	
Associate Director

	 
	 	 	 	 
	 	
By:

	
/s/ Craig Pearson

	 
	 	 	
Name:

	
Craig Pearson

	 
	 	 	
Title:

	
Associate Director

	 

 

	 	
Bank of America, N.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ J. Casey Cosgrove

	 
	 	 	
Name:

	
J. Casey Cosgrove

	 
	 	 	
Title:

	
Director

	 

 

	 	
HSBC BANK PLC,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Colette Pithie

	 
	 	 	
Name:

	
Colette Pithie

	 
	 	 	
Title:

	
Associate Director

	 

 

	 	
HSBC Bank USA, N.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Roderick Feltzer

	 
	 	 	
Name:

	
Roderick Feltzer

	 
	 	 	
Title:

	
Vice President

	 

 

	 	
JPMORGAN CHASE BANK, N.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Dawn Lee Lum

	 
	 	 	
Name:

	
Dawn Lee Lum

	 
	 	 	
Title:

	
Executive Director

	 

 

		
LLOYDS BANK PLC,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Erin Doherty

	 
	 	 	
Name:

	
Erin Doherty

	 
	 	 	
Title:

	
Assistant Vice President – D006

	 
	 	 	 	 	 
	 	
By:

	
/s/ Daven Popat

	 
	 	 	
Name:

	
Daven Popat

	 
	 	 	
Title:

	
Senior Vice President – P003

	 

 

	 	
Mizuho Bank, Ltd.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ David Lim

	 
	 	 	
Name:

	
David Lim

	 
	
 

	 	
Title:

	
Authorized Signatory

	 

 

	
 

	
The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Mark Maloney

	 
	 	 	
Name:

	
Mark Maloney

	 
	 	 	
Title:

	
Authorized Signatory

	 

 

	 	
UniCredit Bank AG, London Branch

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ David Vials

	 
	 	 	
Name:

	
David Vials

	 
	 	 	
Title:

	
Managing Director

	 
	 	 	 	 	 
	 	
By:

	
/s/ Michael Cook

	 
	 	 	
Name:

	
Michael Cook

	 
	 	 	
Title:

	
Director

	 

 

	 	
WELLS FARGO BANK, N.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Matthew Olson

	 
	 	 	
Name:

	
Matthew Olson

	 
	 	 	
Title:

	
Director

	 

 

	 	
Banco Santander, S.A.

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Aitor Elustondo

	 
	 	 	
Name:

	
Aitor Elustondo

	 
	 	 	
Title:

	
Managing Director

	 
	 	 	 	 	 
	 	
By:

	
/s/ Federico Robin

	 
	 	 	
Name:

	
Federico Robin

	 
	 	 	
Title:

	
Vice President Senior

	 

 

	 	
Deutsche Bank Luxembourg S.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Philippi

	 
	 	 	
Name:

	
Philippi

	 
	 	 	
Title:

	
AVP

	 
	 	 	 	 	 
	 	
By:

	
/s/ A. Breyer-Simski

	 
	 	 	
Name:

	
A. Breyer-Simski

	 
	 	 	
Title:

	
AVP

	 

 

	 	
Intesa Sanpaolo S.p.A.,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Neil Derfler

	 
	 	 	
Name:

	
Neil Derfler

	 
	 	 	
Title:

	
Vice President

	 
	 	 	 	 	 
	 	
By:

	
/s/ Serena Palumbo

	 
	 	 	
Name:

	
Serena Palumbo, Esq

	 
	 	 	
Title:

	
Vice President

	 

 

	 	
SOCIETE GENERALE,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Alexandre Huet

	 
	 	 	
Name:

	
Alexandre Huet

	 
	 	 	
Title:

	
Head of Strategic and Acquisition Finance

	 

 

	 	
Sumitomo Mitsui Banking Corporation,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/Alan Krouk

	 
	 	 	
Name:

	
Alan Krouk

	 
	 	 	
Title:

	
Managing Director

	 

 

	 	
U.S. BANK NATIONAL ASSOCIATION,

	 
	 	
as a Lender

	 
	 	 	 
	 	
By:

	
/s/ Conan Schleicher

	 
	 	 	
Name:

	
Conan Schleicher

	 
	 	 	
Title:

	
Senior Vice PresidentExhibit 10.9

 

Execution Version

 

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT dated as of January 20, 2016 (this “Amendment”) to the Term Loan Credit Agreement dated as of December 18, 2015 (the “Credit Agreement”), among Walgreens Boots Alliance, Inc., as the Borrower, Bank of America, N.A., as Administrative Agent, and the Lenders from time to time party thereto.

 

1.          Defined Terms.  Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Credit Agreement as amended hereby (the “Amended Credit Agreement”).

2.          Amendments to the Credit Agreement.  Each of the parties hereto agrees that, effective on the Amendment Effective Date (as defined below): (a) Section 4.02(k)(i) of the Credit Agreement is hereby amended by (i) inserting “with respect to the Borrower under Section 7.05 or Section 7.06” immediately after the words “no Default or Unmatured Default” in clause (x) thereof and (ii) inserting “constituting Specified Representations” immediately after the words “the representations and warranties contained in Article 5” in clause (y) thereof and (b) Exhibit H of the Credit Agreement is hereby amended by (i) inserting “with respect to the Borrower under Section 7.05 or Section 7.06” immediately after the words “no Default or Unmatured Default” in clause (x) of the second paragraph thereof and (ii) inserting “constituting Specified Representations” immediately after the words “the representations and warranties contained in Article 5 of the Credit Agreement” in clause (y) of the second paragraph thereof.

3.          Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Amendment Effective Date”) when the Administrative Agent shall have received counterparts to this Amendment executed by (i) the Borrower, (ii) the Administrative Agent and (iii) the Required Lenders.

 

4.          Ratification.  Except to the extent hereby amended, the Credit Agreement and each of the Loan Documents remain in full force and effect and are hereby ratified and affirmed.

 

5.          Indemnities.  The Borrower agrees that this Amendment constitutes a Loan Document and Section 9.06 of the Credit Agreement is hereby incorporated by reference herein and shall extend to the preparation, execution and delivery of this Amendment.

 

6.          Limitation.  This Amendment shall be limited precisely as written and except as expressly provided herein, shall not be deemed (a) to be a consent granted pursuant to, or a waiver or modification of, any term or condition of the Credit Agreement or any of the instruments or agreements referred to therein or (b) to prejudice any right or rights which the Administrative Agent or the Lenders may now have or have in the future under or in connection with the Credit Agreement or any of the instruments or agreements referred to therein. Unless the context indicates otherwise, on and after the Amendment Effective Date, whenever the Credit Agreement is referred to in the Credit Agreement, the other Loan Documents or any of the instruments, agreements or other documents or papers executed or delivered in connection therewith, such reference shall be deemed to mean the Credit Agreement as amended by this Amendment.

 

7.          Counterparts.  This Amendment may be executed in any number of counterparts and by the different parties hereto in separate counterparts, each of which shall be an original and all of which, when taken together, shall constitute but one and the same instrument.  A facsimile or .pdf copy of a counterpart signature page shall serve as the functional equivalent of a manually executed copy for all purposes.

 

8.          Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

[SIGNATURE PAGES FOLLOW]

 

2

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

 

	 	WALGREENS BOOTS ALLIANCE, INC.	 
	 	as the Borrower	 
	 	 	 
		By:	
/s/ Jan Stern Reed

	 
	 		
Name:

	
Jan Stern Reed

	 
	 		
Title:

	
SVP, General Counsel, Corp. Sec.

	 
	 	 	 	 	 
		
By:

	
/s/ Aidan Clare

	 
	 		
Name:

	
Aidan Clare

	 
	 		
Title:

	
Global Treasurer

	 

 

	 	BANK OF AMERICA, N.A.	 
	 	as Administrative Agent	 
	 	 	 
	 	By:	
/s/ J. Casey Cosgrove

	 
	 	 	
Name:

	
J. Casey Cosgrove

	 
	 	 	
Title:

	
Director

	 

 

	 	Bank of America, N.A.,	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ J. Casey Cosgrove

	 
	 	 	
Name:

	
J. Casey Cosgrove

	 
	 	 	
Title:

	
Director

	 

 

	 	HSBC BANK PLC,	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ Colette Pithie

	 
	 	 	
Name:

	
Colette Pithie

	 
	 	 	
Title:

	
Associate Director

	 

 

	 	HSBC BANK USA, N.A.,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Roderick Feltzer

	 
	 	 	
Name:

	
Roderick Feltzer

	 
	 	 	
Title:

	
Vice President

	 

 

	 	UBS AG, Stamford Branch,	 
	 	as Lender	 
	 	 	 
	 	By:	
/s/ Houssem Daly

	 
	 	 	
Name:

	
Houssem Daly

	 
	 	 	
Title:

	
Associate Director

	 
	 	 	 	 	 
	 	
By:

	/s/ Craig Pearson 	 
	 	 	
Name:

	
Craig Pearson

	 
	 	 	
Title:

	
Associate Director

	 

 

	 	JPMORGAN CHASE BANK, N.A.,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Dawn Lee Lum

	 
	 	 	
Name:

	
Dawn Lee Lum

	 
	 	 	
Title:

	
Executive Director

	 

 

	 	LLOYDS BANK PLC,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Erin Doherty

	 
	 	 	
Name:

	
Erin Doherty

	 
	 	 	
Title:

	
Assistant Vice President – D006

	 
	 	 	 	 	 
	 	By:	/s/ Daven Popat	 
	 	 	
Name:

	
Daven Popat

	 
	 	 	
Title:

	
Senior Vice President – P003

	 

 

	 	Mizuho Bank, Ltd.,	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ David Lim

	 
	 	 	
Name:

	
David Lim

	 
	 	 	
Title:

	
Authorized Signatory

	 

 

	 	The Bank of Tokyo-Mitsubishi UFJ, Ltd.	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Mark Maloney

	 
	 	 	
Name:

	
Mark Maloney

	 
	 	 	
Title:

	
Authorized Signatory

	 

 

	 	UniCredit Bank AG, London Branch	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ David Vials

	 
	 	 	
Name:

	
David Vials

	 
	 	 	
Title:

	
Managing Director

	 
	 	 	 	 	 
	 	
By:

	/s/ Michael Cook	 
	 	 	
Name:

	
Michael Cook

	 
	 	 	
Title:

	
Director

	 

 

	 	UniCredit Bank AG, New York Branch	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Marc Fussbahn

	 
	 	 	
Name:

	
Marc Fussbahn

	 
	 	 	
Title:

	
Managing Director

	 
	 	 	 	 	 
	 	
By:

	/s/ Thilo Huber	 
	 	 	
Name:

	
Thilo Huber

	 
	 	 	
Title:

	
Associate Director

	 

 

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

	 
	 	 	 
	 	
By:

	
/s/ Matthew Olson

	 
	 	 	
Name:

	
Matthew Olson

	 
	 	 	
Title:

	
Director

	 

 

	 	Deutsche Bank Luxembourg S.A.,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	
/s/ Philippi

	 
	 	 	
Name:

	
Philippi

	 
	 	 	
Title:

	
AVP

	 
	 	 	 	 	 
	 	
By:

	/s/ A. Breyer-Simski	 
	 	 	
Name:

	
A. Breyer-Simski

	 
	 	 	
Title:

	
AVP

	 

 

	 	Intesa Sanpaolo Bank Luxembourg SA	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ Gian Franco Pizzulto

	 
	 	 	
Name:

	
Gian Franco Pizzulto

	 
	 	 	
Title:

	
CEO

	 
	 	 	 	 	 
	 	By:	/s/ Paolo Elia	 
	 	 	
Name:

	
Paolo Elia

	 
	 	 	
Title:

	
Head of Credit

	 

 

	 	Santander Bank, N.A.,	 
	 	as a Lender	 
	 	 	 
	 	 By:	
/s/ Gonzalo Acha

	 
	 	 	
Name:

	
Gonzalo Acha

	 
	 	 	
Title:

	
Executive Director

	 

 

	 	SOCIETE GENERALE,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ Alexandre Huet	 
	 		
Name:

	
Alexandre Huet

	 
	 		
Title:

	
Head of Strategic and Acquisition Finance

	 

 

	 	Sumitomo Mitsui Banking Corporation,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ David W. Kee	 
	 		
Name:

	
David W. Kee

	 
	 		
Title: 

	
Managing Director

	 

 

	 	U.S. BANK NATIONAL ASSOCIATION,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ Conan Schleicher	 
	 		
Name:

	
Conan Schleicher

	 
	 		
Title:

	
Senior Vice President

	 

 

	 	STATE BANK OF INDIA, NEW YORK,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ Manoranjan Panda	 
	 		
Name:

	
Manoranjan Panda

	 
	 		
Title:

	
VP & Head (Credit Management Cell)

	 

 

	 	Bank of China, Chicago Branch	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ Kefei Xu

	 
	 	 	
Name:

	
Kefei Xu

	 
	 	 	
Title:

	
Senior Vice President & Branch Manager

	 

 

	 	THE NORTHERN TRUST COMPANY	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ Peter J. Hallan	 
	 		
Name:

	
Peter J. Hallan

	 
	 		
Title:

	
Vice President

	 

 

	 	The Royal Bank of Scotland plc,	 
	 	as a Lender	 
	 	 	 
	 	By:	
/s/ M.A. Collins

	 
	 	 	
Name:

	
M.A. Collins

	 
	 	 	
Title:

	
Executive Director

	 
	 	 	 	 	 
	 	By:	/s/ G. R. Parker	 
	 	 	
Name:

	
G. R. Parker

	 
	 	 	
Title:

	
Managing Director

	 

 

	 	BRANCH BANKING AND TRUST COMPANY,	 
	 	as a Lender	 
	 	 	 
	 	
By:

	/s/ John P. Malloy	 
	 		
Name:

	
John P. Malloy

	 
	 		
Title:

	
Senior Vice President

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