Document:

exv10w18w7

EXHIBIT 10.18.7

SIXTH AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     This Sixth Amendment to Second Amended and Restated Credit Agreement (this “Sixth
Amendment”) is executed effective as of March 31, 2009 (the “Effective Date”), by and
among Trinity Industries, Inc., a Delaware corporation (the “Borrower”), JPMorgan Chase
Bank, N.A., as the Administrative Agent (the “Administrative Agent”), and the financial
institutions parties hereto as Lenders (individually an “Executing Lender” and collectively
the “Executing Lenders”).

WITNESSETH:

     A. The Borrower, the Administrative Agent, the Syndication Agents, the Documentation Agent and
the lenders named therein are parties to that certain Second Amended and Restated Credit Agreement
dated as of April 20, 2005 as amended by that certain First Amendment to Second Amended and
Restated Credit Agreement dated as of June 9, 2006, that certain Second Amendment to Second Amended
and Restated Credit Agreement dated as of June 21, 2006, that certain Third Amendment to Second
Amended and Restated Credit Agreement dated as of June 22, 2007, that certain Fourth Amendment to
Second Amended and Restated Credit Agreement dated as of October 19, 2007, and that certain Fifth
Amendment to Second Amended and Restated Credit Agreement dated as of February 9, 2009 (as amended,
the “Credit Agreement”) (unless otherwise defined herein, all terms used herein with their
initial letter capitalized shall have the meaning given such terms in the Credit Agreement).

     B. The Borrower has requested that the lenders party to the Credit Agreement amend the Credit
Agreement as set forth herein. Subject to the terms and conditions herein contained, the Executing
Lenders have agreed to the Borrower’s request.

     NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, the Borrower, the Administrative Agent and each Executing Lender
hereby agree as follows:

     Section 1. Amendments. In reliance on the representations, warranties,
covenants and agreements contained in this Sixth Amendment, and subject to the terms and conditions
contained herein, the Credit Agreement is hereby amended effective as of the Effective Date, in the
manner provided in this Section 1.

          1.1 Additional Definition. Section 1.01 of the Credit Agreement is amended to add
thereto in alphabetical order the definition of “Sixth Amendment” which shall read in full
as follows:

     “Sixth Amendment” means that certain Sixth Amendment to Second Amended
and Restated Credit Agreement dated as of March 31, 2009, among the Borrower, the
Administrative Agent and the Executing Lenders defined therein.

          1.2 Amendment to Definitions. The definition of the term “Loan Documents” set
forth in Section 1.01 of the Credit Agreement is amended to read in full as follows:

     “Loan Documents” means this Agreement, the First Amendment, the Second
Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth
Amendment, the Notes, the Subsidiary Guaranties, the Letters of Credit, any
Borrowing Request, any Interest Election Request, any Assignment and Acceptance, the
Fee Letter, and all other agreements (including Hedging Agreements) relating to
this Agreement, the Loans or the Lender Indebtedness entered into from time to time
between

SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 1

 

 

or among the Borrower (or any or all of its Subsidiaries) and the Administrative
Agent or any Lender (or, with respect to the Hedging Agreements, any Affiliates of
any Lender), and any document delivered by the Borrower or any of its Subsidiaries
in connection with the foregoing, as such documents, instruments or agreements may
be amended, modified or supplemented from time to time.

          1.3 Amendment to Indebtedness Covenant. Section 7.01 of the Credit Agreement is
amended to: (i) delete the “and” at the end of clause (k) thereof, (ii) replace the “.” at the end
of clause (l) with “; and”, and (iii) add a new clause (m) thereto which shall read in full as
follows:

     (m) Capital Lease Obligations of TILC arising under leases of rail cars
provided that the aggregate principal amount of Indebtedness
permitted by this clause (m) shall not exceed a Dollar Amount equal to
$60,000,000 at any time outstanding.

          1.4 Amendment to Lien Covenant. Section 7.02 of the Credit Agreement is amended to:
(i) delete the “and” at the end of clause (c) thereof, (ii) replace the “.” at the end of clause
(d) with “; and”, and (iii) add a new clause (e) thereto which shall read in full as follows:

     (e) Liens on rail cars of TILC financed with Indebtedness permitted by
clause (m) of Section 7.01 provided that such Liens do not secure
Indebtedness other than the Indebtedness permitted under clause (m) of
Section 7.01.

     Section 2. Effectiveness of Amendment. This Sixth Amendment shall be
effective automatically and without the necessity of any further action by the Administrative
Agent, the Borrower or any Lender when counterparts hereof have been executed by the Administrative
Agent, the Borrower, the Required Lenders and the Material Subsidiaries (which may include telecopy
or other electronic transmission of a signed signature page of this Sixth Amendment) shall have
been received by the Administrative Agent, and each of the following conditions to the
effectiveness hereof have been satisfied:

     (a) Representations. The representations and warranties contained
herein and in all other Loan Documents, as amended hereby, shall be true and correct
in all material respects as of the Effective Date as if made on the Effective Date,
except for such representations and warranties limited by their terms to a specific
date;

     (b) Default. After giving effect to this Sixth Amendment, no Default
shall exist;

     (c) Fees. Each Lender who approved of this Sixth Amendment by
delivering its executed signature page to the Administrative Agent prior to 5:00
P.M. (Dallas, Texas time) on March 30, 2009 shall have received an amendment fee in
an amount equal to 0.10% of such Lender’s Revolving Commitment; and

     (d) Other Proceedings. All proceedings taken in connection with the
transactions contemplated by this Sixth Amendment and all documentation and other
legal matters incident thereto shall be satisfactory to the Administrative Agent and
its counsel.

SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 2

 

 

     Section 3. Representations and Warranties of the Borrower. To induce the
Executing Lenders and the Administrative Agent to enter into this Sixth Amendment, the Borrower and
each Material Subsidiary (by its execution of this Sixth Amendment below), represent and warrant to
the Administrative Agent and the Lenders as follows:

          3.1 Reaffirmation of Representations and Warranties. Each representation and warranty
of the Borrower and each Material Subsidiary contained in the Credit Agreement and the other Loan
Documents is true and correct in all material respects on the date hereof after giving effect to
the amendments set forth in Section 1 hereof but except for such representations and
warranties limited by their terms to a specific date.

          3.2 Due Authorization, No Conflicts. The execution, delivery and performance by the
Borrower and each Material Subsidiary of this Sixth Amendment and the Loan Documents executed
pursuant hereto are within the Borrower’s and each Material Subsidiary’s corporate powers, have
been duly authorized by all necessary action, require no action by or in respect of, or filing
with, any governmental body, agency or official and do not violate or constitute a default under
any provision of applicable law or any material agreement binding upon the Borrower or any of its
Subsidiaries, or result in the creation or imposition of any Lien upon any of the assets of the
Borrower or any of its Subsidiaries except for Permitted Encumbrances.

          3.3 Validity and Binding Effect. This Sixth Amendment constitutes the valid and
binding obligation of the Borrower enforceable in accordance with its terms, except as (a) the
enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting
creditor’s rights generally and (b) the availability of equitable remedies may be limited by
equitable principles of general application. This Sixth Amendment constitutes the valid and
binding obligations of each Material Subsidiary enforceable in accordance with its terms, except as
(a) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting
creditor’s rights generally and (b) the availability of equitable remedies may be limited by
equitable principles of general application.

          3.4 No Defenses. As of the date hereof, neither the Borrower nor any Material
Subsidiary has any defenses to payment, counterclaim or rights of set-off with respect to their
respective obligations under the Loan Documents.

          3.5 Absence of Defaults. After giving effect to the amendments set forth in
Section 1 hereof, no Default exists.

     Section 4. Miscellaneous.

          4.1 Reaffirmation of Loan Documents. The terms and provisions set forth in this Sixth
Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Credit
Agreement and except as expressly modified and superseded by this Sixth Amendment, the terms and
provisions of the Credit Agreement and the other Loan Documents are ratified and confirmed and
shall continue in full force and effect. Borrower, the Material Subsidiaries, the Administrative
Agent, and the Lenders agree that the Credit Agreement as amended hereby and the other Loan
Documents shall continue to be legal, valid, binding and enforceable in accordance with their
respective terms except as (a) the enforceability thereof may be limited by bankruptcy, insolvency
or similar laws affecting creditor’s rights generally and (b) the availability of equitable
remedies may be limited by equitable principles of
general application. Borrower agrees that the obligations, indebtedness and liabilities of
the Borrower arising under the Credit Agreement, as amended by this Sixth Amendment are
“Obligations” as defined in the Subsidiary Guaranties.

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 3

 

 

          4.2 Parties in Interest. All of the terms and provisions of this Sixth Amendment
shall bind and inure to the benefit of the parties hereto and their respective successors and
assigns.

          4.3 Counterparts. This Sixth Amendment may be executed in counterparts, and all
parties need not execute the same counterpart. Facsimiles or other electronic communications
(e.g., pdf) shall be effective as originals.

          4.4 Complete Agreement. THIS SIXTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF
AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES.

          4.5 Headings. The headings, captions and arrangements used in this Sixth Amendment
are, unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or
modify the terms of this Sixth Amendment, nor affect the meaning thereof.

          4.6 Survival of Representations and Warranties. All representations and warranties
made in this Sixth Amendment shall survive the execution and delivery of this Sixth Amendment, and
no investigation by the Administrative Agent or any Lender or any closing shall affect the
representations and warranties or the right of the Administrative Agent or any Lender to rely upon
them.

          4.7 Reference to Agreement. Each of the Loan Documents, including the Credit
Agreement and any and all other agreements, documents, or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement as amended
hereby, are hereby amended so that any reference in such Loan Documents to the Credit Agreement
shall mean a reference to the Credit Agreement as amended hereby.

          4.8 Expenses of Lender. As provided in the Agreement, Borrower agrees to pay on
demand all costs and expenses incurred by Administrative Agent in connection with the preparation,
negotiation, and execution of this Sixth Amendment and the other Loan Documents executed pursuant
hereto, including without limitation, the costs and fees of Administrative Agent’s legal counsel.

          4.9 Severability. Any provision of this Sixth Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this
Sixth Amendment and the effect thereof shall be confined to the provision so held to be invalid or
unenforceable.

          4.10 Applicable Law. This Sixth Amendment and all other Loan Documents executed
pursuant hereto shall be governed by and construed in accordance with the laws of the State of
Texas and the applicable laws of the United States of America.

          4.11 Required Lenders. Pursuant to Section 10.02 of the Credit Agreement, the Credit
Agreement may be modified as provided in this Sixth Amendment with the agreement of the Required
Lenders which means Lenders having (a) fifty-one percent (51%) or more of the Aggregate Revolving
Commitment or (b) if the Aggregate Revolving Commitment has been terminated, fifty-one
percent (51.0%) or more of the Aggregate Revolving Credit Exposure (such percentage applicable
to a Lender, herein such Lender’s “Required Lender Percentage”). For purposes of
determining the effectiveness of this Amendment, each Lender’s Required Lender Percentage is set
forth on Schedule 4.11 hereto.

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 4

 

 

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

	 	 	 	 	 
	 	TRINITY INDUSTRIES, INC.

 	 
	 	By:  	/s/ William A. McWhirter
 	 
	 	 	William A. McWhirter, Senior Vice President and 	 
	 	 	Chief Financial Officer 	 
	 
	 	JPMORGAN CHASE BANK, N.A., as a Lender, the 

Issuing Bank, the Swingline Lender and as Administrative

Agent

 	 
	 	By:  	/s/ Brian McDougal
 	 
	 	 	Name:  	Brian McDougal 	 
	 	 	Title:  	Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 5

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND plc,

as a Lender and as a Syndication Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 6

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as
 a Lender and
as a Syndication Agent

 	 
	 	By:  	/s/ Scott Powell
 	 
	 	 	Name:  	Scott Powell 	 
	 	 	Title:  	Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 7

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Lender

and as a Syndication Agent

 	 
	 	By:  	/s/ Allison W. Connally
 	 
	 	 	Name:  	Allison W. Connally 	 
	 	 	Title:  	Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 8

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	DRESDNER BANK AG, NEW YORK

AND GRAND CAYMAN BRANCHES,

as a Lender

 	 
	 	By:  	/s/ Brian Smith
 	 
	 	 	Name:  	Brian Smith 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                  /s/ Mark McGuigan
 	 
	 	 	Name:  	Mark McGuigan 	 
	 	 	Title:  	Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 9

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CREDIT SUISSE (FKA CREDIT SUISSE FIRST
 BOSTON),
CAYMAN ISLANDS BRANCH, as a
 Lender

 	 
	 	By:  	/s/ Karl M Studer
 	 
	 	 	Name:  	Karl M Studer 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Jay Chall 	 
	 	 	Title:  	Director 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 10

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AMEGY BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Melinda Jackson
 	 
	 	 	Name:  	Melinda Jackson 	 
	 	 	Title:  	Senior Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 11

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LLOYDS TSB Bank, PLC, as a Lender

 	 
	 	By:  	/s/ Carlos Lopez
 	 
	 	 	Name:  	Carlos Lopez 	 
	 	 	Title:  	Associate Director Corporate Banking USA
L007 	 
	 
	 	 	 
	 	By:  	                                              /s/ Deborah Carlson
 	 
	 	 	Name:  	Deborah Carlson 	 
	 	 	Title:  	Director Corporate Banking USA C103 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 12

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF TEXAS, N.A., as a Lender

 	 
	 	By:  	/s/ Alan Morris
 	 
	 	 	Name:  	Alan Morris 	 
	 	 	Title:  	Vice President 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 13

 

 

	 	 	 	 	 

Material Subsidiary Consent

     Each of the undersigned Material Subsidiaries: (i) consent and agree to this Sixth Amendment
(including, without limitation, the terms of Sections 3 and 4.1); (ii) agree that the Loan
Documents to which it is a party shall remain in full force and effect and shall continue to be the
legal, valid and binding obligation of such Material Subsidiary enforceable against it in
accordance with their respective terms except as (a) the enforceability thereof may be limited by
bankruptcy, insolvency or similar laws affecting creditor’s rights generally and (b) the
availability of equitable remedies may be limited by equitable principles of general application;
and (iii) agree that the obligations, indebtedness and liabilities of the Borrower arising under
the Credit Agreement as amended by the Sixth Amendment are “Obligations” as defined in each
Subsidiary Guaranty.

	 	 	 	 	 
	 	TRANSIT MIX CONCRETE & MATERIALS COMPANY

TRINITY INDUSTRIES LEASING COMPANY

TRINITY MARINE PRODUCTS, INC.

TRINITY RAIL GROUP, LLC

TRINITY TANK CAR, INC.
TRINITY PARTS AND COMPONENTS, LLC (formerly
 Trinity
Rail Components & Repair, Inc.)

TRINITY NORTH AMERICAN FREIGHT CAR, INC. 
(formerly
Thrall Trinity Freight Car, Inc.)

 
	 	By:  	/s/ William A. McWhirter
 	 
	 	 	William A. McWhirter, Senior Vice President of 	 
	 	 	each Material Subsidiary 	 

 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, Page 14

 

 

	 	 	 	 	 

SCHEDULE 4.11

TO

SIXTH AMENDMENT

TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

REQUIRED LENDER PERCENTAGE

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Lenders Agreeing to Sixth
	 	 	 	 	 	 	Amendment (insert % from prior
	 	 	 	 	 	 	column if Lender signs this Sixth
	 	 	Required Lender	 	Amendment then total
	Lender	 	Percentage Held	 	percentages in this column)
	JPMorgan Chase Bank, N.A.
	 	 	18.823529412	%	 	 	18.823529412	%
	The Royal Bank of Scotland plc
	 	 	16.470588235	%	 	 	 	 
	Wachovia Bank, N.A.
	 	 	15.294117647	%	 	 	15.294117647	%
	Bank of America, N.A.
	 	 	15.294117647	%	 	 	15.294117647	%
	Lloyds TSB Bank plc
	 	 	9.411764706	%	 	 	9.411764706	%
	Dresdner Bank AG, New York
and Grand Cayman Branches
	 	 	8.235294118	%	 	 	8.235294118	%
	Credit Suisse (FKA Credit
Suisse First Boston) Cayman
Islands Branch
	 	 	7.058823529	%	 	 	7.058823529	%
	Amegy Bank National
Association
	 	 	4.705882353	%	 	 	4.705882353	%
	Bank of Texas
	 	 	4.705882353	%	 	 	4.705882353	%
	 
	 	 	 	 	 	 	 	 
	TOTAL
	 	 	100	%	 	 	83.529411765	%
	 
	 	 	 	 	 	 	 	 

 SCHEDULE 4.11, Solo Pageexv10w1

Exhibit 10.1

Compensation Plan for 2007 – 2011

Company: Macro International

Employee: Greg Mahnke

This will summarize the proposed compensation plan from January 1, 2007 through December 31, 2011.

It is our philosophy that a Manager who is responsible for the revenue and profits of the Division
think like an Owner. We believe in compensating them based on the growth of the Company and the
profitability of the Company.

Our Compensation Plan is based on the same principle. For the next five years, you will be
rewarded based on profits above a certain level. Following is the summary:

	 	1.	 	Title: Your title will be President of Macro International.
	 
	 	2.	 	Salary: Your salary for 2007 will be $332,000. After 2007, your salary will increase by
the percentage of increase in profitability over the pervious year, but not to exceed 10%.
	 
	 	3.	 	Year-End bonus: Your year-end bonus will be based on 10% of the operating income over
$13 million each year.
	 
	 	4.	 	Non-Compete: Upon leaving the Company, you will not compete with the Company or solicit
employees or customers for one year.

Enclosed is a separate sheet which shows a sample salary and bonus calculation for the next five
years based on a hypothetical example, which will show that if you grow your revenue and you grow
your profits, your bonuses can be substantial.

Again, this is a compensation plan. This is not a guaranteed employment contract. If this meets
with your approval, please sign at the bottom where indicated and return to me.

Sincerely,

/s/ Vinod Gupta

Vinod Gupta

Agreed and accepted to this 18th day of January, 2007.

/s/ Dr. Greg Mahnke

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