Document:

Exhibit 4.2

 

Execution Version

 

DR PEPPER SNAPPLE GROUP, INC.

EIGHTH SUPPLEMENTAL INDENTURE

 

This Eighth Supplemental Indenture (this “Supplemental Indenture”), dated as of January 31, 2017, among BAI BRANDS LLC, a New Jersey limited liability company, 184 INNOVATIONS INC., a Delaware corporation (together, the “New Guarantors”), DR PEPPER SNAPPLE GROUP, INC., a Delaware corporation (the “Company”), each other then-existing Guarantor under the Indenture referred to below (the “Existing Guarantors”), and WELLS FARGO BANK, N.A., as trustee (in such capacity, the “Trustee”), paying agent and registrar under such Indenture.

 

W I T N E S S E T H:

 

WHEREAS, the Company, the Existing Guarantors and the Trustee have heretofore executed and delivered an Indenture, dated as of December 15, 2009 (the “Base Indenture”), providing for the issuance by the Company from time to time of its debt securities to be issued in one or more series, a First Supplemental Indenture dated as of December 21, 2009 (the “First Supplemental Indenture”), a Second Supplemental Indenture dated as of January 11, 2011 (the “Second Supplemental Indenture”), a Third Supplemental Indenture dated as of November 15, 2011 (the “Third Supplemental Indenture”), a Fourth Supplemental Indenture dated as of November 20, 2012 (the “Fourth Supplemental Indenture”), a Fifth Supplemental Indenture dated as of November 9, 2015 (the “Fifth Supplemental Indenture”), a Sixth Supplemental Indenture dated as of September 16, 2016 (the “Sixth Supplemental Indenture”) and a Seventh Supplemental Indenture dated as of December 14, 2016 (the “Seventh Supplemental Indenture” and together with the First Supplemental Indenture, Second Supplemental Indenture, Third Supplemental Indenture, Fourth Supplemental Indenture, Fifth Supplemental Indenture, Sixth Supplemental Indenture and Seventh Supplemental Indenture, collectively, the “Supplemental Indentures”);

 

WHEREAS, the Base Indenture, as amended and supplemented by the Supplemental Indentures is referred to herein as the “Indenture”;

 

WHEREAS, the Company has established the Company’s outstanding: (i) 2.60% Notes due 2019 (the “2019 Notes”) and 3.20% Notes due 2021 (the “2021 Notes”) pursuant to the Third Supplemental Indenture; (ii) 2.00% Notes due 2020 (the “2020 Notes”) and 2.70% Notes due 2022 (the “2022 Notes”) pursuant to the Fourth Supplemental Indenture; (iii) 3.40% Notes due 2025 (the “2025 Notes”) and 4.50% Notes due 2045 (the “2045 Notes”) pursuant to the Fifth Supplemental Indenture; (iv) 2.55% Notes due 2026 (the “2026 Notes”) pursuant to the Sixth Supplemental Indenture and (v) 2.53% Notes due 2021 (the “Additional 2021 Notes”), 3.13% Notes due 2023 (the “2023 Notes”), 3.43% Notes due 2027 (the “2027 Notes”) and 4.42% Notes due 2046 (the “2046 Notes,” and together with the 2019 Notes, the 2021 Notes, the 2020 Notes, the 2022 Notes, the 2025 Notes, the 2045 Notes, the 2026 Notes, the Additional 2021 Notes, the 2023 Notes and the 2027 Notes, collectively, the “Notes”) pursuant to the Seventh Supplemental Indenture;

 

WHEREAS, Sections 6.03 and 7.03 of the Supplemental Indentures, as applicable, provide that the Company shall cause any Subsidiary of the Company that guarantees, directly or

 

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indirectly, any Indebtedness of the Company (including any Indebtedness under any Credit Agreements) to at the same time, execute and deliver to the Trustee a supplement to the Indenture pursuant to which such Subsidiary will guarantee payment of the Notes on the same terms and conditions as those set forth in the Indenture; and

 

WHEREAS, pursuant to Section 9.1(11) of the Base Indenture, the Trustee, the Company, the Existing Guarantors and the New Guarantors are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture, without the consent of any Holder of Notes.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Company, the Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

ARTICLE I

Definitions

 

SECTION  1.1                  Defined Terms.  As used in this Supplemental Indenture, capitalized terms defined in the Indenture or in the preamble or recitals thereto 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.

ARTICLE II

Agreement to be Bound; Guarantee

 

SECTION 2.1                                 Agreement to be Bound.  The New Guarantors hereby become a party to the Indenture as Guarantors and as such shall have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. The New Guarantors agree to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

 

SECTION 2.2                                 Guarantee. The New Guarantors hereby fully, unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, jointly and severally with each Existing Guarantor, to each Holder of a Note and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the obligations of the Company under the Notes and the other guaranteed obligations of the Company set forth in Article 10 of the Base Indenture. The terms of each Securities Guarantee are more fully set forth in Article 10 of the Base Indenture and the New Guarantors agree to be bound by such terms.

 

ARTICLE III

Miscellaneous

 

SECTION 3.1           Governing Law.  This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 

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SECTION 3.2           Severability Clause.  In case any provision in this Supplemental Indenture shall 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           Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all of 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.

 

SECTION 3.4           Trustee Not Responsible. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company, the Existing Guarantors and the New Guarantors.

 

SECTION 3.5           Multiple Originals.  The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture.

 

SECTION 3.6           Headings.  The headings of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof.

 

[Signatures on following page]

 

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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.

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
DR   PEPPER SNAPPLE GROUP, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Martin M. Ellen
    
	
 
    	
Name:   
    	
Martin   M. Ellen
    
	
 
    	
Title:
    	
Executive   Vice President and Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
TRUSTEE:
    
	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John C. Stohlmann
    
	
 
    	
Name:   
    	
John   C. Stohlmann
    
	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    
	
 
    	
NEW GUARANTORS:
    
	
 
    	
 
    
	
 
    	
BAI   BRANDS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James L. Baldwin
    
	
 
    	
Name:   
    	
James   L. Baldwin
    
	
 
    	
Title:   
    	
Executive   Vice President & Secretary
    
	
 
    	
 
    
	
 
    	
184   INNOVATIONS INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James L. Baldwin
    
	
 
    	
Name:   
    	
James   L. Baldwin
    
	
 
    	
Title:   
    	
Executive   Vice President & Secretary
    

 

[Signature Page to Supplemental Indenture]

 

 

	
 
    	
EXISTING GUARANTORS:
    
	
 
    	
 
    
	
 
    	
234DP   AVIATION, LLC
    
	
 
    	
A &   W CONCENTRATE COMPANY
    
	
 
    	
AMERICAS   BEVERAGES MANAGEMENT GP
    
	
 
    	
AMTRANS, INC.
    
	
 
    	
BERKELEY   SQUARE US, INC.
    
	
 
    	
BEVERAGES   DELAWARE INC.
    
	
 
    	
DP   BEVERAGES INC.
    
	
 
    	
DPS   AMERICAS BEVERAGES LLC
    
	
 
    	
DPS   BEVERAGES, INC.
    
	
 
    	
DPS   FINANCE II, INC.
    
	
 
    	
DPS   HOLDINGS INC.
    
	
 
    	
DR   PEPPER/SEVEN-UP BEVERAGE SALES COMPANY
    
	
 
    	
DR   PEPPER/SEVEN UP MANUFACTURING COMPANY
    
	
 
    	
DR   PEPPER/SEVEN UP, INC.
    
	
 
    	
HIGH   RIDGE INVESTMENTS US, INC.
    
	
 
    	
INTERNATIONAL   INVESTMENTS MANAGEMENT LLC
    
	
 
    	
MOTT’S   GENERAL PARTNERSHIP
    
	
 
    	
MOTT’S   LLP
    
	
 
    	
MSSI   LLC
    
	
 
    	
NANTUCKET   ALLSERVE, INC.
    
	
 
    	
NUTHATCH   TRADING US, INC.
    
	
 
    	
PACIFIC   SNAPPLE DISTRIBUTORS, INC.
    
	
 
    	
ROYAL   CROWN COMPANY, INC.
    
	
 
    	
SNAPPLE   BEVERAGE CORP.
    
	
 
    	
THE   AMERICAN BOTTLING COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Martin M. Ellen
    
	
 
    	
Name:   
    	
Martin   M. Ellen
    
	
 
    	
Title:
    	
Executive   Vice President and Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SPLASH   TRANSPORT, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Arthur Swanson
    
	
 
    	
Name:   
    	
Arthur   Swanson
    
	
 
    	
Title:
    	
Vice   President and Assistant Secretary
    

 

[Signature Page to Supplemental Indenture]Exhibit 10.1

 

ASSUMPTION AGREEMENT

 

This Assumption Agreement, dated as of January 31, 2017, is made by Bai Brands LLC and 184 Innovations, Inc., (each an “Additional Guarantor” and collectively the “Additional Guarantors”), in favor of the Administrative Agent, each Lender (as each such term is defined in the Credit Agreement referred to below) and each holder of a Guaranteed Obligation (as defined in the Guaranty referred to below) in connection with the Credit Agreement and Guaranty referred to below.  All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement or Guaranty, as applicable.

 

W I T N E S S E T H :

 

WHEREAS, pursuant to the Credit Agreement dated as of September 25, 2012 (together with all appendices, exhibits, and schedules thereto and as the same may be amended, restated, increased, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Dr Pepper Snapple Group, Inc., a Delaware corporation (the “Borrower”), the Lenders and Issuing Banks from time to time party thereto, JPMorgan Chase Bank N.A., as Administrative Agent and the other parties from time to time thereto, the Lenders have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein;

 

WHEREAS, in connection with the Credit Agreement, certain Subsidiaries of the Borrower (other than the Additional Guarantors) have entered into the Guaranty, dated as of September 25, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) in favor of the Guaranteed Parties;

 

WHEREAS, the Credit Agreement requires the Additional Guarantor to become a party to the Guaranty;

 

WHEREAS, each Additional Guarantor will receive substantial direct and indirect benefits from the making of the Loans, the issuance of Letters of Credit and the granting of the other financial accommodations to the Borrower under the Credit Agreement; and

 

WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Guaranty;

 

NOW, THEREFORE, IT IS AGREED:

 

1.  Guaranty.  By executing and delivering this Assumption Agreement, each Additional Guarantor (i) agrees hereby that it is and has become a party to the Guaranty as a Guarantor thereunder with the same force and effect as if originally named therein as a Guarantor thereunder and (ii) without in anyway limiting the generality of the foregoing, hereby expressly assumes and agrees to perform all obligations and liabilities of a Guarantor under the Guaranty.

 

 

2.  Representation and Warranties. Each Additional Guarantor makes the following representation and warranties set forth below:

 

(a)         Organization; Powers. Such Additional Guarantor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization.  Such Additional Guarantor has all requisite corporate power, limited liability company power, general partnership power or limited partnership power and authority, as applicable, to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required; and

 

(b)         Authorization; Enforceability.  The Guaranty is within such Additional Guarantor’s corporate (or equivalent) powers and has been duly authorized by all necessary corporate and, if required, stockholder action. This Assumption Agreement has been duly executed and delivered by such Additional Guarantor and constitutes a legal, valid and binding obligation of such Additional Guarantor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

2.  GOVERNING LAW.  THIS ASSUMPTION AGREEMENT AND ANY CLAIM OR CONTROVERSY ARISING HEREUNDER OR RELATED HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, each of the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.

 

	
 
    	
Bai Brands LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James L. Baldwin
    
	
 
    	
 
    	
Name: James L. Baldwin
    
	
 
    	
 
    	
Title: Executive Vice   President & Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
184   Innovations, Inc.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James L. Baldwin
    
	
 
    	
 
    	
Name: James L. Baldwin
    
	
 
    	
 
    	
Title: Executive Vice   President & Secretary
    

 

Signature page to Assumption Agreement

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