Document:

Exhibit 10.2

 

EXECUTION VERSION

 

SECOND
AMENDMENT TO ABL CREDIT AGREEMENT

 

This SECOND AMENDMENT
TO ABL CREDIT AGREEMENT, dated as of January 21, 2021 (this “Amendment”), among Option Care Health, Inc.
(f/k/a BioScrip, Inc.), a Delaware corporation (the “Parent Borrower” and a “Borrower”),
each Guarantor party hereto, each Lender party hereto and Bank of America, N.A., as administrative agent (in such capacity, the
 “Agent”).

 

WHEREAS, the
Parent Borrower, HC Group Holdings II, LLC, a Delaware limited liability company, the other parties from time to time party thereto,
the Lenders (as defined therein) from time to time party thereto, and the Agent are parties to that certain ABL Credit Agreement,
dated as of August 6, 2019 (as amended by that certain First Amendment to ABL Credit Agreement, dated as of October 5,
2020, and as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing
Credit Agreement” and, the Existing Credit Agreement as amended hereby and as further amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); capitalized terms used
herein without definition shall have the same meanings herein as set forth in the Credit Agreement after giving effect to this
Amendment.

 

WHEREAS, subject
to the conditions set forth in Section II hereof, in accordance with the provisions of Section 10.01 of the Existing
Credit Agreement, the Parent Borrower has requested that the Lenders, agree to amend the Existing Credit Agreement as provided
for in Section I hereof; and

 

WHEREAS, the
Parent Borrower, the Agent and each of the Lenders party hereto wish to amend the Existing Credit Agreement as set forth in Section I
hereof.

 

NOW, THEREFORE,
in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

SECTION I.           AMENDMENTS
TO Existing CREDIT AGREEMENT

 

Subject to the satisfaction
(or waiver) of the conditions precedent set forth in Section II hereof, the Parent Borrower, the Agent and each of
the Lenders party hereto hereby agree to the amendments to the Existing Credit Agreement as set forth below:

 

A.            Credit
Agreement. The Existing Credit Agreement is amended as follows:

 

(a)            Section 1.01
of the Credit Agreement is amended to add the following new defined terms in the appropriate alphabetical order:

 

“Affected Financial
Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

 

“Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Second Amendment
Redemption” means the satisfaction and discharge in full of the Second Lien Notes outstanding as of the Second Amendment
Effective Date.

 

    

     

    

 

“UK Financial Institution”
means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United
Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time)
promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms,
and certain affiliates of such credit institutions or investment firms.

 

“UK Resolution Authority”
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial
Institution.

 

(b)           The
following definitions set forth in Section 1.01 of the Credit Agreement are amended and restated as follows:

 

“Bail-In Action”
means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of
an Affected Financial Institution.

 

“Bail-In Legislation”
means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament
and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EE Member Country from
time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I
of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in
the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or
their affiliates (other than through liquidation, administration or other insolvency proceedings).

 

“Write-Down and Conversion
Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such
EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any
powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability
of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument
is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of
the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 

(c)            Section 5.20
of the Credit Agreement is amended by deleting such Section and inserting the following new Section 5.20 in lieu thereof:

 

“5.20          Affected
Financial Institutions and Covered Party.

 

    

     

    

 

No Loan Party is an Affected Financial Institution
or a Covered Party.”

 

(d)            Section 7.03(k) of
the Credit Agreement is hereby amended and restated in its entirety as follows:

 

(k)            Indebtedness
(i) incurred under the First Lien Credit Agreement, (ii) with respect to any Refinancing Equivalent Debt and (iii) with
respect to any Incremental Equivalent Debt, in each case (x) including guarantee obligations in respect thereof and (y) so
long as (A) any Liens securing such Indebtedness are subject to the ABL Intercreditor Agreement and (B) the aggregate
principal amount of such Indebtedness does not exceed the aggregate principal amount permitted to be incurred under the First Lien
Credit Agreement (as in effect on the Second Amendment Effective Date and whether or not in effect on the relevant date of determination);

 

(e)            Section 7.06(w) of
the Credit Agreement is hereby amended and restated in its entirety as follows:

 

(w)           Restricted
Payments made in connection with the Second Amendment Redemption; and

 

(f)            Section 10.11
of the Credit Agreement is hereby amended to replace the second paragraph thereof with the following:

 

This Agreement and any document,
amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this
Amendment (each a “Communication”), including Communications required to be in writing, may, if agreed by the parties
hereto, be in the form of an Electronic Record and may be executed using Electronic Signatures, including, without limitation,
facsimile and/or .pdf. Each of the Loan Parties hereto agrees that any Electronic Signature (including, without limitation, facsimile
or .pdf) on or associated with any Communication shall be valid and binding on them to the same extent as a manual, original signature,
and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of the
Loan Parties enforceable against them in accordance with the terms thereof to the same extent as if a manually executed original
signature was delivered to the Agent. Any Communication may be executed in as many counterparts as necessary or convenient, including
both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt,
the authorization under this paragraph may include, without limitation, use or acceptance by the Agent of a manually signed paper
Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication
converted into another format, for transmission, delivery and/or retention. The Agent may, at its option, create one or more copies
of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created
in the ordinary course of the Agent’s, business, and destroy the original paper document. All Communications in the form
of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same
legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Agent
shall be under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Agent
pursuant to procedures approved by them; provided, further, without limiting the foregoing, (a) to the extent the Agent has
agreed to accept such Electronic Signature, the Agent shall be entitled to rely on any such Electronic Signature purportedly given
by or on behalf of the Loan Parties without further verification and (b) upon the request of the Agent any Electronic Signature
shall be promptly followed by a manually executed, original counterpart. For purposes hereof, “Electronic Record” and
 “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended
from time to time.

 

    

     

    

 

(g)            Section 10.21
of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“10.21                    Acknowledgement
and Consent to Bail-In of Affected Financial Institutions.

 

Notwithstanding anything to the
contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Lender that is an Affected Financial Institution arising under any Loan Document, to the
extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority
and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)            the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any Lender that is an Affected Financial Institution; and

 

(b)            the
effects of any Bail-in Action on any such liability, including, if applicable:

 

(i)            a
reduction in full or in part or cancellation of any such liability;

 

(ii)           a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may  be
issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or
any other Loan Document; or

 

(iii)          the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable
Resolution Authority.”

 

    

     

    

 

SECTION II.Conditions
to effectiveness of amendments to Existing credit agreement

 

This Amendment shall
become effective upon the satisfaction (or waiver) of all of the following conditions precedent (the date of satisfaction (or waiver)
of such conditions precedent being referred to herein as the “Second Amendment Effective Date”).

 

A.            Execution.
The Agent’s receipt of a counterpart signature page to this Amendment duly
executed by the Lenders (which shall be sufficient to constitute the Required Lenders) and the Parent Borrower, which shall be
original, .pdf or facsimile copies or delivered by other electronic method unless otherwise specified.

 

B.            Fees
and Other Amounts. Payment of all fees and expenses in connection with the Amendment (including
reasonable and documented out-of-pocket legal fees and expenses) payable to the Lenders on or before the Second Amendment Effective
Date shall have been paid to the extent then due; provided, that all such amounts shall be required to be paid, as a condition
precedent to the Second Amendment Effective Date, only to the extent invoiced at least one (1) Business Day prior to the Second
Amendment Effective Date.

 

C.            Representations
and Warranties. Each of the representations and warranties of the Loan Parties contained
herein and in the Loan Documents shall be true and correct in all material respects on and as of the Second Amendment Effective
Date as if made on and as of such date, except for representations and warranties expressly stated to relate to a specific earlier
date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date
(provided, that, in each case such materiality qualifier shall not be applicable to any representations or warranties that
already are qualified or modified by materiality or Material Adverse Effect).

 

D.            Absence
of Event of Default. No Event of Default has occurred and is continuing at the time of
the effectiveness of the Amendment or immediately after giving effect thereto.

 

E.            Redemption
of the Second Lien Notes. Prior to, or substantially concurrently with the effectiveness of this Amendment, the Second Lien
Notes outstanding as of the Second Amendment Effective Date shall have been satisfied and discharged in full and all security interests
and guarantees in connection therewith shall be terminated and released.

 

SECTION III.REAFFIRMATION
OF GUARANTEES AND SECURITY INTERESTS

 

Each of the Loan Parties
party to the Credit Agreement, the Security Agreement and the other Collateral Documents, in each case as amended, restated, amended
and restated, supplemented or otherwise modified from time to time, hereby as of the date hereof (i) acknowledges and agrees
that all of its Obligations under the Credit Agreement, the Security Agreement and the other Collateral Documents to which it
is a party are reaffirmed and remain in full force and effect on a continuous basis, (ii) reaffirms each Lien granted by
each Loan Party to the Agent, its successors and permitted assigns, for the benefit of the Secured Parties and reaffirms the guaranties
made pursuant to the Credit Agreement and (iii) acknowledges and agrees that the grants of security interests by and the
guaranties of the Loan Parties contained in the Credit Agreement and the Security Agreement are, and shall remain, in full force
and effect after giving effect to this Amendment.

 

    

     

    

 

SECTION IV.MISCELLANEOUS

 

A.            Reference
to and Effect on the Credit Agreement and the Other Loan Documents.

 

(i)            On
and after the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
 “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the
other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import
referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment.

 

(ii)            Except
as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect
and are hereby ratified and confirmed and this Amendment shall not be considered a novation.

 

(iii)           This
Amendment shall constitute a “Loan Document”.

 

B.            Limitation
of Amendment and Waiver. Nothing herein shall be deemed to (i) entitle any Loan Party
to a further consent to, or a further waiver, amendment, modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances or (ii) constitute
a modification, limitation, impairment or waiver of any right, power or remedy available to the Agent or the Lenders under the
Credit Agreement or any other Loan Document.

 

C.            Amendment,
Modification and Waiver. This Amendment may not be amended, modified or waived except
by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

 

D.            Severability.
If any provision of this Amendment is held to be illegal, invalid or unenforceable in any jurisdiction, the legality, validity
and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, of
this Amendment and the other Loan Documents shall not be affected or impaired thereby.

 

E.            [Reserved.]

 

F.            Headings.
Section and Subsection headings in this Amendment are included herein for convenience
of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.

 

G.            Costs
and Expenses. Each Borrower hereby reconfirms its obligations pursuant to Section 10.04
of the Credit Agreement to pay and reimburse the Agent for all reasonable out-of-pocket costs and expenses (including, without
limitation, reasonable fees of counsel) incurred in connection with the negotiation, preparation, execution and delivery of this
Amendment and all other documents and instruments delivered in connection herewith.

 

    

     

    

 

H.            Governing
Law; Waiver of Jury Trial. Sections 10.15 and 10.16 of the Credit Agreement are hereby
incorporated herein by reference mutatis mutandis.

 

I.              Counterparts;
Electronic Execution. This Amendment may be executed in any number of counterparts, each
of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one
and the same instrument. This Amendment may be executed in any number of counterparts, each of which shall be an original, and
all of which, when taken together, shall constitute one agreement. This Engagement Letter may be in the form of an Electronic Record
(as defined herein) and may be executed using Electronic Signatures (as defined herein) (including, without limitation, facsimile
and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record.
For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Agent
of a manually signed paper communication which has been converted into electronic form (such as scanned into .pdf format), or an
electronically signed communication converted into another format, for transmission, delivery and/or retention. Notwithstanding
anything contained herein to the contrary, the Agent are under no obligation to accept an Electronic Signature in any form or in
any format unless expressly agreed to by the Agent pursuant to procedures approved by them; provided, further, without limiting
the foregoing, (a) to the extent the Agent has agreed to accept such Electronic Signature, the Agent shall be entitled to
rely on any such Electronic Signature purportedly given by or on behalf of the Borrower without further verification and (b) upon
the request of any Engagement Party, any Electronic Signature shall be promptly followed by a manually executed, original counterpart.
 “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively,
by 15 USC §7006, as it may be amended from time to time.

 

[Remainder of this page intentionally
left blank.]

 

    

     

    

 

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

 

	 	OPTION CARE HEALTH, INC.
	 	(F/K/A BIOSCRIP, INC.),
	 	as the Parent Borrower and a Borrower
	 	 	 
	 	By:	/s/ Michael Shapiro
	 	Name:	Michael Shapiro
	 	Title:	Senior Vice President, Chief Financial Officer and Treasurer

 

Signature Page to

Second Amendment to ABL Credit Agreement

 

    

     

    

 

	GUARANTORS:	APPLIED HEALTH CARE, LLC,
	 	BIOSCRIP INFUSION MANAGEMENT, LLC,
	 	BIOSCRIP INFUSION SERVICES, INC.,
	 	BIOSCRIP INFUSION SERVICES, LLC,
	 	BIOSCRIP MEDICAL SUPPLY SERVICES, LLC,
	 	BIOSCRIP PBM SERVICES, LLC,
	 	BIOSCRIP PHARMACY (NY), INC.,
	 	BIOSCRIP PHARMACY SERVICES, INC.,
	 	BIOSCRIP PHARMACY, INC.,
	 	BRADHURST SPECIALTY PHARMACY, INC.,
	 	CHRONIMED, LLC,
	 	CHS HOLDINGS, INC.,
	 	CRITICAL HOME CARE SOLUTIONS, INC.,
	 	DEACONESS ENTERPRISES, LLC,
	 	DEACONESS HOMECARE, LLC,
	 	EAST GOSHEN PHARMACY, INC.,
	 	HOMECHOICE PARTNERS, INC.,
	 	INFUSAL PARTNERS,
	 	INFUCENTERS, LLC,
	 	INFUSCIENCE HHA, LLC,
	 	INFUSCIENCE, INC.,
	 	INFUSCIENCE SOUTH CAROLINA, LLC,
	 	INFUSCIENCE SUB, INC.,
	 	INFUSION PARTNERS OF BRUNSWICK, LLC,
	 	INFUSION PARTNERS OF MELBOURNE, LLC,
	 	INFUSION PARTNERS, LLC,
	 	INFUSION SOLUTIONS, INC.,
	 	INFUSION THERAPY SPECIALISTS, INC.,
	 	KNOXVILLE HOME THERAPIES, LLC,
	 	NATIONAL HEALTH INFUSION, INC.,
	 	NATURAL LIVING, INC.,
	 	NEW ENGLAND HOME THERAPIES, INC.,
	 	NUTRI USA, INC.,
	 	OPTION HEALTH, LTD.,
	 	PROFESSIONAL HOME CARE SERVICES, INC.,
	 	PHCS ACQUISITION CO., INC.,
	 	REGIONAL AMBULATORY DIAGNOSTICS, INC.,
	 	SCOTT-WILSON, INC.,
	 	SPECIALTY PHARMA, INC.,
	 	WILCOX MEDICAL, INC.,

 

	 	By:	/s/ Michael Shapiro
	 	Name:	Michael Shapiro
	 	Title: 	Senior Vice President, Chief Financial Officer and Treasurer

 

Signature Page to

Second Amendment to ABL Credit Agreement

 

    

     

    

 

	 	CHI HOLDING CORP.,
	 	CLINICAL HOLDINGS, INC.,
	 	CLINICAL SPECIALTIES, INC.,
	 	CLINICAL SPECIALTIES NETWORK SERVICES OF ILLINOIS, INC.,
	 	CRESCENT HEALTHCARE, INC.,
	 	CRESCENT THERAFUSION, INC.,
	 	CRITICAL CARE SYSTEM OF NEW YORK, INC.,
	 	CRITICAL CARE SYSTEMS, INC.,
	 	CSI MANAGED CARE, INC.,
	 	CSI MEDICAL BILLING SERVICES, INC.,
	 	CSI NETWORK SERVICES OF KENTUCKY, INC.,
	 	CSI NETWORK SERVICES OF INDIANA, INC.,
	 	CSI NETWORK SERVICES OF MICHIGAN, INC.,
	 	HC GROUP HOLDINGS III, INC.,
	 	HEALTHY CONNECTIONS HOMECARE SERVICES, INC.,
	 	HOME I.V. SPECIALISTS, INC.,
	 	MEDNOW INFUSION, LLC,
	 	OPTION CARE ENTERPRISES, INC.,
	 	OPTION CARE ENTERPRISES, INC.,
	 	OPTION CARE HOME CARE, INC.,
	 	OPTION CARE HOME HEALTH LLC,
	 	OPTION CARE INFUSION SERVICES, INC.,
	 	OPTION CARE INFUSION SUITES, LLC
	 	OPTION CARE OF NEW YORK, INC.,
	 	OPTION CARE, INC.,
	 	OPTIONET, INC.,
	 	OPTION HOME HEALTH, INC.,
	 	RIVER CITY PHARMACY, INC.,
	 	SPRINGVILLE PHARMACY INFUSION THERAPY, INC.,
	 	TRINITY HOME CARE, LLC,
	 	UNIVERSITY OPTION CARE, LLC,

 

	 	By:	/s/ Michael Shapiro
	 	Name:	Michael Shapiro
	 	Title:	Senior Vice President, Chief Financial Officer and Treasurer

 

Signature Page to

Second Amendment to ABL Credit Agreement

 

    

     

    

 

	 	Bank of America, N.A.,
	 	as the Agent and Lender
	 	 	 
	 	By:	/s/ Brian Scawinski
	 	Name:	Brian Scawinski
	 	Title:	Authorized Signatory

 

Signature Page to

Second Amendment to ABL Credit Agreement

 

    

     

    

 

	 	ACF FINCO I LP,
	 	as a Lender
	 	 	 
	 	By:	/s/ Oleh Sczucpuak
	 	Name:	Brian Scawinski
	 	Title:	Authorized Signer

 

Signature Page to

Second Amendment to ABL Credit Agreementexhibit41seventhsuppleme

Exhibit 4.1    SEVENTH SUPPLEMENTAL INDENTURE    between    NEWTEK BUSINESS SERVICES CORP.    and    U.S. BANK NATIONAL ASSOCIATION,    as Trustee    Dated as of January 22, 2021  RECITALS OF THE COMPANY  

 

ARTICLE I  TERMS OF THE NOTES  Section 1.01. Terms of the Notes     

 

    provided however provided further however     

 

      plus  provided, however           

 

      ARTICLE II  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION  Section 2.01.  Section 2.02.  provided, however 

 

Section 2.03.  ARTICLE III  EXECUTION OF SECURITIES   Section 3.01.  ARTICLE IV  SATISFACTION AND DISCHARGE  Section 4.01.  

 

provided, however ARTICLE V  TRUSTEE  Section 5.01.  

 

ARTICLE VI  COVENANTS  Section 6.01.  

 

ARTICLE VII  REDEMPTION OF SECURITIES  Section 7.01.  

 

pro rata provided provided, however ARTICLE VIII  DEFEASANCE AND COVENANT DEFEASANCE  Section 8.01.  provided, however ARTICLE IX  MEETINGS OF HOLDERS OF SECURITIES  Section 9.01.  provided, however 

 

ARTICLE X  MISCELLANEOUS  Section 10.01.  Section 10.02.  Section 10.03.  Section 10.04.  Section 10.05.  Section 10.06.  Section 10.07.  

 

Section 10.08.       

 

Signature page to Seventh Supplemental Indenture NEWTEK BUSINESS SERVICES  CORP.  U.S. BANK NATIONAL  ASSOCIATION 

 

Exhibit A – Form of Global Note  Newtek Business Services Corp.  

 

provided, however provided, further,  however 

 

NEWTEK BUSINESS SERVICES  CORP.  

 

 

 

Newtek Business Services Corp.  plus  provided, however

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}]]