Document:

Exhibit 4.1

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE JOINING SUCCESSOR COMPANY

 

HERC RENTALS INC.

 

As Issuer

 

and

 

WILMINGTON TRUST, NATIONAL ASSOCIATION

 

as Trustee and Note Collateral Agent

 

 

THIRD SUPPLEMENTAL INDENTURE

 

DATED AS OF JUNE 29, 2016

 

to the

 

INDENTURE

 

DATED AS OF JUNE 9, 2016

 

Providing for the Assumption of Obligations by Herc Rentals Inc.

 

 

THIRD SUPPLEMENTAL INDENTURE, dated as of June 29, 2016 (this “Supplemental Indenture”), among Herc Rentals Inc. (together with its successors and assigns, the “Company”), as issuer, and Wilmington Trust, National Association, as Trustee and Note Collateral Agent under the Indenture referred to below.

 

W I T N E S S E T H:

 

WHEREAS, Herc Spinoff Escrow Issuer, LLC (“Escrow Issuer LLC”) and Herc Spinoff Escrow Issuer, Corp. (“Escrow Issuer Corp”), the Trustee and the Note Collateral Agent are party to the Indenture, dated as of June 9, 2016 (as supplemented by the First Supplemental Indenture, dated as of June 9, 2016, and the Second Supplemental Indenture, dated as of June 9, 2016, and as amended, supplemented or otherwise modified from time to time, the “Indenture”);

 

WHEREAS, pursuant to that certain Agreement and Plan of Merger, dated as of the date hereof, by and between Escrow Issuer LLC and Escrow Issuer Corp, Escrow Issuer Corp merged with and into Escrow Issuer LLC, with Escrow Issuer LLC as the surviving entity continuing its existence as a limited liability company under the laws of the State of Delaware (such merger, the “First Escrow Merger”);

 

WHEREAS, following the First Escrow Merger, pursuant to that certain Agreement and Plan of Merger, dated as of the date hereof, by and between Escrow Issuer LLC and the Company, Escrow Issuer LLC merged with and into the Company, with the Company as the surviving entity continuing its existence as a corporation under the laws of the State of Delaware (such merger, the “Second Escrow Merger”);

 

WHEREAS Section 501(b) of the Indenture provides that Section 501(a) of the Indenture does not apply to the Transactions (including the First Escrow Merger and the Second Escrow Merger);

 

WHEREAS, Section 502 of the Indenture provides that upon any transaction involving Escrow Issuer LLC in accordance with Section 501 in which Escrow Issuer LLC is not the Successor Company (as defined in the Indenture), the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, Escrow Issuer LLC under the Indenture, and thereafter Escrow Issuer LLC shall be relieved of all obligations and covenants under the Indenture;

 

WHEREAS, on June 9, 2016, Escrow Issuer LLC and Escrow Issuer Corp issued $610.0 million aggregate principal amount of 7.50% Senior Secured Second Priority Notes due 2022 and $625.0 million aggregate principal amount of 7.75% Senior Secured Second Priority Notes due 2024; and

 

 

WHEREAS, pursuant to Section 901(2) of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Trustee and the Note Collateral Agent mutually covenant and agree for the benefit of the Holders of the Notes as follows:

 

1.                                      Defined Terms.  As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as so defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

 

2.                                      Assumption of Obligations.  The Company hereby expressly assumes all of the obligations of each of Escrow Issuer LLC and Escrow Issuer Corp under the Notes and the Indenture and agrees to pay, perform and discharge when due each and every debt, obligation covenant and agreement incurred, made or to be paid, performed or discharged by each of Escrow Issuer LLC and Escrow Issuer Corp under the Indenture and the Notes.  The Company hereby agrees to be bound by all the terms, provisions and conditions of the Indenture and the Notes and agrees that it shall be the Successor Company and shall succeed to, and be substituted for, and may exercise every right and power of, each of Escrow Issuer LLC and Escrow Issuer Corp under the Indenture and the Notes.

 

3.                                      Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  THE TRUSTEE, THE NOTE COLLATERAL AGENT, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

 

10.                               Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.  Neither the Trustee nor the Note Collateral Agent makes any

 

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representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.

 

11.                               Counterparts.  The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.  The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

12.                               Headings.  The section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

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

 

	
 
    	
HERC RENTALS INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Scott Massengill
    
	
 
    	
 
    	
Name:
    	
Scott Massengill
    
	
 
    	
 
    	
Title:
    	
Senior Vice President   and Treasurer
    

 

[Signature Page to Third Supplemental Indenture]

 

 

	
 
    	
WILMINGTON TRUST,   NATIONAL ASSOCIATION, as Trustee and Note Collateral Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jane Y. Schweiger
    
	
 
    	
 
    	
Name:
    	
Jane Y. Schweiger
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

[Signature Page to Third Supplemental Indenture]Exhibit 4.2

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE IN RESPECT OF SUBSIDIARY GUARANTEES

 

HERC RENTALS INC.

 

as Issuer,

 

Certain of its Subsidiaries,

 

As Subsidiary Guarantors

 

and

 

WILMINGTON TRUST, NATIONAL ASSOCIATION

 

as Trustee and Note Collateral Agent

 

 

FOURTH SUPPLEMENTAL INDENTURE

 

DATED AS OF JUNE 30, 2016

 

to the

 

INDENTURE

 

DATED AS OF JUNE 9, 2016

 

Providing for the Guarantee of Obligations of Herc Rentals Inc. by the Subsidiary Guarantors

 

 

FOURTH SUPPLEMENTAL INDENTURE, dated as of June 30, 2016 (this “Supplemental Indenture”), among the entities listed on Schedule 1 hereto (the “Subsidiary Guarantors”), Herc Rentals Inc., a corporation duly organized and existing under the laws of the State of Delaware (together with its respective successors and assigns, the “Company”), and Wilmington Trust, National Association, as Trustee and Note Collateral Agent under the Indenture referred to below.

 

W I T N E S S E T H:

 

WHEREAS, the Company, the Trustee and the Note Collateral Agent have heretofore become parties to an Indenture, dated as of June 9, 2016 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of Notes in series;

 

WHEREAS, Section 1308 of the Indenture provides that the Company is required to cause the Subsidiary Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantors shall guarantee the Company’s Subsidiary Guaranteed Obligations under the Notes pursuant to a Subsidiary Guarantee on the terms and conditions set forth herein and in Article XIII of the Indenture;

 

WHEREAS, each Subsidiary Guarantor desires to enter into such supplemental indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of such Subsidiary Guarantor is dependent on the financial performance and condition of the Company, the obligations hereunder of which such Subsidiary Guarantor has guaranteed, and on such Subsidiary Guarantor’s access to working capital through the Company’s access to revolving credit borrowings under the Senior ABL Facility; and

 

WHEREAS, pursuant to Section 901(3) of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder;

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantors, the Company, the Trustee and the Note Collateral Agent mutually covenant and agree for the benefit of the Holders of the Notes as follows:

 

1.                                      Defined Terms.  As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined.  The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular Section hereof.

 

 

2.                                      Agreement to Guarantee.  Each Subsidiary Guarantor hereby agrees, jointly and severally with all other Subsidiary Guarantors and fully and unconditionally, to guarantee the Subsidiary Guaranteed Obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in Article XIII of the Indenture and to be bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Subsidiary Guarantor.

 

3.                                      Termination, Release and Discharge.  Each Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and each Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

 

4.                                      Parties.  Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of each Subsidiary Guarantor’s Subsidiary Guarantee or any provision contained herein or in Article XIII of the Indenture.

 

5.                                      Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  THE TRUSTEE, THE NOTE COLLATERAL AGENT, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

 

6.                                      Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.  The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.

 

7.                                      Counterparts.  The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.  The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes.  Signatures of the parties hereto

 

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transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

8.                                      Headings.  The Section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

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

 

	
 
    	
CINELEASE   HOLDINGS, INC.
    
	
 
    	
HERTZ ENTERTAINMENT   SERVICES CORPORATION
    
	
 
    	
CINELEASE, LLC
    
	
 
    	
CINELEASE, INC.,
    
	
 
    	
each as a Subsidiary   Guarantor
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Scott Massengill
    
	
 
    	
 
    	
Name: 
    	
Scott Massengill
    
	
 
    	
 
    	
Title: 
    	
Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HERC RENTALS INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Scott Massengill
    
	
 
    	
 
    	
Name: 
    	
Scott Massengill
    
	
 
    	
 
    	
Title: 
    	
Senior Vice President   and Treasurer
    

 

[Signature Page to Fourth Supplemental Indenture]

 

 

	
 
    	
WILMINGTON TRUST,   NATIONAL ASSOCIATION, as Trustee and Note Collateral Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jane Y. Schweiger
    
	
 
    	
 
    	
Name: 
    	
Jane Y. Schweiger
    
	
 
    	
 
    	
Title: 
    	
Vice President
    

 

[Signature Page to Fourth Supplemental Indenture]

 

 

Schedule 1
 Subsidiary Guarantors

 

	
Entity Name
    	
 
    	
Jurisdiction
    
	
 
    	
 
    	
 
    
	
Cinelease   Holdings, Inc.
    	
 
    	
Delaware
    
	
 
    	
 
    	
 
    
	
Cinelease, Inc.
    	
 
    	
Nevada
    
	
 
    	
 
    	
 
    
	
Cinelease, LLC
    	
 
    	
Louisiana
    
	
 
    	
 
    	
 
    
	
Hertz Entertainment   Services Corporation
    	
 
    	
Delaware

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