Document:

Supplemental Indenture

 Exhibit 4.1 

 
  
  

 
 RYERSON HOLDING
CORPORATION,
 as Issuer, 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 Second
Supplemental Indenture 
 Dated as of October 10, 2012 

 
  

14 1/2% Senior Discount Notes due 2015 

 
  
  

 

 SECOND SUPPLEMENTAL INDENTURE 

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 10, 2012, by and between RYERSON
HOLDING CORPORATION, a Delaware corporation (the “Issuer”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Trustee”), as Trustee under the Indenture (as hereinafter defined). 

WHEREAS, the Issuer and the Trustee have as of January 29, 2010 entered into an Indenture, as supplemented by a
supplemental indenture, dated as of April 12, 2010, by and between the Issuer and the Trustee (as supplemented, the “Indenture”), providing for the issuance by the Issuer from time to time of its 14 1/2% Senior Discount Notes due 2015 (the “Outstanding Securities”); 

WHEREAS, Section 9.2 of the Indenture provides, among other things, that the Issuer and the Trustee, with the consent of the Holders
of not less than a majority in aggregate principal amount of the Outstanding Securities, may enter into one or more supplemental indentures for the purpose of adding provisions to or changing or eliminating certain of the provisions of the
Indenture; 
 WHEREAS, the Issuer has received the written consents of the Holders of a majority of the aggregate principal
amount of the Outstanding Securities to amend the Indenture as provided herein and enter into this Supplemental Indenture; 

WHEREAS, the Issuer represents that the consents of the Holders of a majority of the aggregate principal amount of the Outstanding
Securities is sufficient to effect the amendments contained herein; 
 WHEREAS, the Issuer desires to enter into this
Supplemental Indenture, and has duly authorized the execution and delivery of this Supplemental Indenture to modify the Indenture; 
 WHEREAS, concurrent with the execution hereof, the Issuer has delivered to the Trustee an Officers’ Certificate and has caused its counsel to deliver to the Trustee an Opinion of Counsel; and

 WHEREAS, all conditions and requirements of the Indenture necessary to make this Supplemental Indenture a valid, binding and
legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto. 

NOW, THEREFORE: 

For and in consideration of the mutual premises and agreements herein contained, the Issuer and the Trustee covenant and agree, for the
equal and proportionate benefit of all Holders of the Outstanding Securities, as follows: 
 ARTICLE I. 

EFFECTIVENESS AND EFFECT 

Section 1.1    Effectiveness and Effect. 

This Supplemental Indenture shall take effect on the date hereof, provided, however, that the amendments provided for in Article Two
hereof shall only become operative if an aggregate principal amount of the Outstanding Securities exceeding 50% of the aggregate principal amount of the Outstanding Securities is accepted by the Issuer for payment on the Early Settlement Date (as
defined in that certain Offer to Purchase and Consent Solicitation Statement of the Issuer, dated September 25, 2012), and such 

 
amendments provided for in Article Two hereof shall have no force or effect prior to the operative time specified in this Section. Subject to the foregoing, the provisions set forth in this
Supplemental Indenture shall be deemed to be, and shall be construed as part of, the Indenture. All references to the Indenture in the Indenture or in any other agreement, document or instrument delivered in connection therewith or pursuant thereto
shall be deemed to refer to the Indenture as amended by this Supplemental Indenture. Except as amended hereby, the Indenture shall remain in full force and effect. 
 ARTICLE II. 
 AMENDMENT OF THE INDENTURE 

 

	Section 2.1	Deletion of Definitions and Related References 

 Section 101 of the Indenture is hereby amended to delete in their entirety all terms and their respective definitions for which all references are eliminated in the Indenture as a result of the
amendments set forth in Section 2.2 of this Supplemental Indenture. 
  

	Section 2.2	Amendments to Indenture. 

  

	 	(a)	The Indenture is hereby amended by deleting the following sections of the Indenture and all references thereto in the Indenture in their entirety and replacing each
such section with the term “INTENTIONALLY OMITTED”: 

 Section 4.3 (Provision of Financial
Information); 
 Section 4.4 (Compliance Certificate); 

Section 4.5 (Taxes); 
 Section 4.6 (Stay, Extension and Usury Laws); 
 Section 4.7 (Limitation
on Restricted Payments); 
 Section 4.8 (Limitation on Dividends and Other Payments Affecting Restricted Subsidiaries);

 Section 4.9 (Limitation on Incurrence of Debt); 
 Section 4.10 (Limitation on Asset Sales); 
 Section 4.11 (Limitation on
Transactions with Affiliates); 
 Section 4.12 (Limitation on Liens); 

Section 4.13 (Limitation on Sale and Leaseback Transactions); 

Section 4.15 (Corporate Existence); 
 Section 4.17 (Business Activities); 
 Section 4.18 ([Reserved]);

 Section 4.19 (Impairment of Security Interests); 
 Section 4.20 (Future Note Guarantees); 
 Section 4.21 (Limitation on
Creation of Unrestricted Subsidiaries); 
 Section 4.22 (Redemption and Offer to Purchase upon Certain Equity Issuances);

 Section 4.23 (Further Assurances); 
 Section 4.24 (Mandatory Dividend from Ryerson Inc. to the Company and Redemption); 
 Section 5.01 (Consolidation, Merger, Conveyance, Transfer or Lease); and 

Section 6.01(4), (5), (6), (7), (8) (Events of Default). 

 

	 	(b)	Section 3.3 of the Indenture is hereby amended by deleting from the first sentence the phrase “at least 30 days” and replacing it with the phrase
“at least 3 days”. 

 ARTICLE III. 
 MISCELLANEOUS 
  

	Section 3.1	Counterparts. 

 This
Supplemental Indenture may be executed in counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

 

	Section 3.2	Severability. 

 In the
event that any provision in this Supplemental Indenture shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

 

	Section 3.3	Headings. 

 The article
and section headings herein are for convenience only and shall not affect the construction hereof. 
  

	Section 3.4	Successors and Assigns. 

Any covenants and agreements in this Supplemental Indenture by the Issuer and the Trustee shall bind their successors and assigns, whether
so expressed or not. 
  

	Section 3.5	Governing Law. 

 THIS
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 
  

	Section 3.6	Effect of Supplemental Indenture. 

 Except as amended by this Supplemental Indenture, the terms and provisions of the Indenture shall remain in full force and effect. 

 

	Section 3.7	Trustee. 

 The Issuer
hereby acknowledges and agrees to comply with its reporting obligations under the Trust Indenture Act of 1939. The Trustee assumes no responsibility for the correctness of the recitals herein contained, which shall be taken as the statements of the
Issuer, and the Trustee shall not be responsible or accountable in any way whatsoever for or with respect to the validity or execution or sufficiency of this Supplemental Indenture, and the Trustee makes no representation with respect thereto.

  

	Section 3.8	Endorsement and Change of Form of Securities. 

 Any Securities authenticated and delivered after the close of business on the date that this Supplemental Indenture becomes effective may be affixed to, stamped, imprinted or otherwise legended by the
Trustee, with a notation as follows: 
 “Effective as of October 10, 2012, certain restrictive covenants of the Indenture and certain
of the Events of Default have been eliminated and permission for a notice of redemption to Holders whose Notes are to be redeemed to be provided at least three (3) days before a redemption date has been granted, as provided in the Supplemental
Indenture, dated as of October 10, 2012. Reference is hereby made to said Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 

	Section 3.9	Benefits of Supplemental Indenture. 

 Nothing contained in this Supplemental Indenture shall or shall be construed to confer upon any person other than a Holder of the Outstanding Securities, the Issuer and the Trustee any right or interest
to avail itself or himself, as the case may be, of any benefit under any provision of the Indenture or the Supplemental Indenture. 
  

	Section 3.10	Definitions. 

 Capitalized
terms used but not defined herein shall have the respective meanings ascribed to them in the Indenture. 

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

					
	RYERSON HOLDING CORPORATION
		
	By:	 	 /s/ Edward J. Lehner

		 	Name:	 	Edward J. Lehner
		 	Title:	 	Vice President and Chief Financial Officer

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Lynn M. Steiner

		 	Name:	 	Lynn M. Steiner
		 	Title:	 	Vice PresidentAmendment No. 1 to the Rights Agreement

 Exhibit 4.1 
 AMENDMENT NO. 1 TO 
 RIGHTS AGREEMENT 

This Amendment No. 1 (this “Amendment”) is dated as of October 5, 2012 (the “Effective Date”) and amends
that certain Rights Agreement, dated as of June 19, 2012 (the “Rights Agreement”) between Navistar International Corporation, a Delaware corporation (the “Company”), and Computershare Shareowner Services LLC, a New Jersey
limited liability company, as rights agent (the “Rights Agent”). Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Rights Agreement. 

WHEREAS, on October 5, 2012, the Board determined it is in the best interests of the Company and its stockholders to amend the
Rights Agreement on the terms set forth herein; 
 WHEREAS, in accordance with Section 27 of the Rights Agreement, prior to
the Distribution Date, the Company may, and the Rights Agent, if directed by the Company, shall, from time to time supplement or amend this Agreement without the approval of any holders of shares of Common Stock; 

WHEREAS, the Rights Agent is hereby directed to join in this Amendment; and 

WHEREAS, an officer of the Company has delivered to the Rights Agent a certificate as to the compliance of this Amendment with the terms
of Section 27 of the Rights Agreement. 
 NOW, THEREFORE, in consideration of the premises and the respective agreements
set forth herein, the parties hereby agree as follows: 
  

	1.	Amendment of the Rights Agreement. 

  

	 	(a)	Section 1(aa), the definition of “Person”, is hereby amended by replacing it in its entirety with the following: 

“Person” shall mean any individual, firm, corporation, partnership, limited liability company, trust, association, syndicate or
other entity. 
  

	 	(b)	Section 1 is hereby amended by adding the following definitions: 

 “Any Other Agreement” means any agreement or arrangement between the Company and any other Person pursuant to which such Person, or its Affiliates, has the right to designate one or more members
of the Board. 
 “Designating Person” shall mean any Person that is a signatory to either the Icahn Agreement or Any
Other Agreement, or the Affiliates or Associates of such Person; provided that a designee of such signatory is serving as a member of the Board at such time. 
 “Icahn Agreement” means the Settlement Agreement, dated as of October 5, 2012, among the Company and the signatories thereto. 

 “Permitted Activity” means (i) any Permitted Person serving as a director on
the Board or the Company’s Subsidiaries (or as a member of any committee thereof) or voting or taking any action in his capacity as a director of the Company or any of its Subsidiaries (or as a member of any committee thereof), (ii) any
non-public discussion or communication by any Permitted Person with respect to: (A) voting or any action to be taken by any director of the Company or any of its Subsidiaries (or any committee thereof) in his capacity as a director of the
Company or any of its Subsidiaries, (B) any vote or action taken, to be taken or proposed to be taken by any director of the Company or any of its Subsidiaries (or any committee thereof) in his capacity as a director of the Company or any of
its Subsidiaries (or as a member of any committee thereof) or (C) any proposal to be made to the Board (or applicable board of directors of any Company Subsidiary) by any director of the Company or its Subsidiaries (or any committee thereof) in
his capacity as a director of the Company or any of its Subsidiaries, or (iii) any non-public discussion or communication by any Permitted Person with respect to matters related to the Company. For the avoidance of doubt, it is understood that
no agreement, arrangement or understanding shall exist or be deemed to exist between, by or among any Permitted Persons by virtue of: (1) any Permitted Person engaging in any Permitted Activity with any other Permitted Person and subsequently
voting or taking any other action similar to the vote or other action taken by another Permitted Person or (2) any decisions or conclusions of any Permitted Persons: (x) relating to the manner that a director should vote on any matter or
(y) that a director should present any matter to the Board and/or any officer of the Company (it being understood that no such activity can bind a director from his or her right to freely vote and act in accordance with his or her fiduciary
duties as a director). For example, if two Permitted Persons meet (either alone or with any board members) and discuss a matter to be acted on, or that they would like to be acted on, by the Board, and those two Permitted Persons reach a conclusion
as to how they would like directors to vote or act, and those Permitted Persons tell any board members that conclusion and that the Permitted Persons would like the board members to vote or act in accordance with that conclusion, such activity is
“Permitted Activity.” 
 “Permitted Person” shall mean (i) any member of the Board or (ii) any
Affiliate or Associate of a member of the Board, or of any Designating Person or (iii) any employee, officer, director or advisor of any Person referred to in clauses (i), (ii) or (iii). 

 

	 	(c)	The proviso immediately following clause (iv) of Section 1(f), the definition of “Beneficial Owner”, is hereby amended by replacing it in its
entirety with the following:  

 provided, however, that nothing in this paragraph
(f) shall: 

  
 2 

	 	(A)	cause a Person engaged in business as an underwriter of securities to be the “Beneficial Owner” of, or to “beneficially own,” under any clause of
this paragraph (f), any securities acquired through such Person’s participation in good faith in a firm commitment underwriting until the expiration of forty days (40) after the date of such acquisition, and then only if such securities
continue to be owned by such Person as the expiration of forty (40) days; 

  

	 	(B)	cause a Person, who is a member of the Board or who is a Designating Person, to be, or be deemed to be, the “Beneficial Owner” of, or to “beneficially
own,” any securities of any Permitted Person under clauses (ii) or (iii) of this paragraph (f) as a result of engaging in any Permitted Activity; or 

 

	 	(C)	cause a Person to be, or be deemed to be, the “Beneficial Owner” of, or to “beneficially own,” under any clause of this paragraph (f), any
securities beneficially owned by any director of the Company to the extent such securities were acquired directly from the Company by such director as or pursuant to director compensation for serving as a director of the Company.

 2. No Other Amendment; Effect of Amendment. Except as and to the extent expressly modified by this Amendment, the Rights
Agreement and the exhibits thereto shall remain in full force and effect in all respects without any modification. This Amendment shall be deemed an amendment to the Rights Agreement and shall become effective on the Effective Date. 

3. Counterparts. This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be
an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Amendment transmitted electronically shall have the same authority, effect and enforceability as an original signature. 

4. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be
governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State applicable to contracts made and to be performed entirely within such State; provided, however, that all
provisions regarding the rights, duties, obligations and liabilities of the Rights Agent shall be governed and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within the State
of New York, without regard to the principles or rules concerning conflicts of law which might otherwise require application of the substantive laws of another jurisdiction. 
 [Remainder of Page Intentionally Left Blank] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to Rights
Agreement as of the date first above written. 
  

					
	NAVISTAR INTERNATIONAL CORPORATION
		
	By: 	 	/s/ Curt A. Kramer
		 	Name:	 	Curt A. Kramer
		 	Title:	 	Corporate Secretary

  

					
	 COMPUTERSHARE SHAREOWNER
 SERVICES LLC

		
	By: 	 	/s/ Peter Sablich
		 	Name:	 	Peter Sablich
		 	Title:	 	Vice President

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