Document:

Exhibit 4.6

 

Execution Version

 

	
 
    	
 
    	
 
    

 

HELMERICH & PAYNE INTERNATIONAL DRILLING CO.,

as Issuer,

 

and

 

HELMERICH & PAYNE, INC.,

as Guarantor,

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of December 20, 2018

 

to

 

INDENTURE

 

Dated as of March 19, 2015, as previously amended and supplemented

 

 

4.65% SENIOR NOTES DUE 2025

 

	
 
    	
 
    	
 
    

 

 

This Second Supplemental Indenture, dated as of December 20, 2018 (this “Second Supplemental Indenture”), supplements and amends the Indenture, dated as of March 19, 2015 (as supplemented by the First Supplemental Indenture thereto, dated as of March 19, 2015, the “Indenture”), among Helmerich & Payne International Drilling Co., a Delaware corporation (the “Company”), Helmerich & Payne, Inc., a Delaware corporation and the parent entity of the Company (“Parent”), as a Guarantor, and Wells Fargo Bank, National Association, a national banking association organized under the laws of the United States of America, as trustee (the “Trustee”).

 

RECITATIONS OF THE COMPANY

 

WHEREAS, the Company has issued its 4.65% Senior Notes due 2025 (the “Notes”) pursuant to the Indenture;

 

WHEREAS, the Company has solicited consents (the “Consent Solicitation”) to enter into this Second Supplemental Indenture upon the terms and subject to the conditions set forth in its Offering Memorandum and Consent Solicitation Statement, dated November 19, 2018, and the related Letter of Transmittal and Consent (such documents collectively, the “Consent Documents”);

 

WHEREAS, Section 8.02 of the Indenture provides that the Company, each Guarantor and the Trustee may amend or supplement the Indenture with the consent of the Holders of at least a majority in aggregate principal amount of the outstanding Securities of each series of Securities then outstanding affected by such supplemental indenture, voting separately as a class (including consents obtained in connection with a tender offer or a solicitation of consents), subject to certain exceptions;

 

WHEREAS, the Holders of at least a majority in aggregate principal amount of the outstanding Notes have duly consented to the proposed modifications set forth in this Second Supplemental Indenture in accordance with the Indenture (including Section 8.02 thereof) and such consents have not been withdrawn;

 

WHEREAS, the Company has heretofore delivered, or is delivering contemporaneously herewith, to the Trustee (i) a copy of resolutions of the Board of Directors of the Company authorizing the execution of this Second Supplemental Indenture, (ii) evidence of the consent of the Holders set forth in the immediately preceding paragraph and (iii) the Officers’ Certificate and the Opinion of Counsel described in Section 8.06 of the Indenture; and

 

WHEREAS, all conditions necessary to authorize the execution and delivery of this Second Supplemental Indenture and to make this Second Supplemental Indenture valid and binding have been complied with or have been done or performed.

 

NOW, THEREFORE, in consideration of the foregoing and notwithstanding any provision of the Indenture which, absent this Second Supplemental Indenture, might operate to limit such action, the parties hereto, intending to be legally bound hereby, agree as follows:

 

1

 

ARTICLE ONE

AMENDMENTS

 

SECTION 1.01                                   Amendments.

 

(a)                                 Subject to Section 2.02 of this Second Supplemental Indenture and with respect to the Notes:

 

(i)                                   The following sections of the Indenture are hereby deleted in their entirety and each of the following is hereby replaced with the following text: “[Intentionally Omitted]”;

 

(1)                                 Section 3.05 (Corporate Existence);

 

(2)                                 Section 3.07 (Limitation on Liens);

 

(3)                                 Section 3.08 (Limitation on Sale and Lease-Back Transactions);

 

(4)                                 Section 4.01 (Limitations on Mergers and Consolidations); and

 

(5)                                 Section 4.03 (Offer to Repurchase Upon Change of Control).

 

(ii)                                Section 3.03 (SEC Reports; Financial Statements) of the Indenture is hereby deleted and replaced in its entirety by the following:

 

“SECTION 3.03.   Reports. The Company shall comply with the provisions of Section 314(a) of the TIA to the extent applicable.”

 

(iii)                             Section 9.01(b) of the Indenture is hereby modified by deleting the second and third sentences of such section.

 

(iv)                            The Indenture is hereby amended by deleting from the Indenture any definitions for defined terms that are used solely in sections deleted by this Second Supplemental Indenture.

 

(v)                               The Indenture is hereby amended by deleting from the Indenture any section references to sections deleted by this Second Supplemental Indenture.

 

(vi)                            All references in the Indenture to Section 3.03 and Section 9.01(b) shall mean references to such sections as amended by this Second Supplemental Indenture.

 

(vii)                         Any of the terms or provisions present in the Indenture, the Notes or the Guarantee that relate to any of the provisions of the Indenture amended by Section 1.01(a) of this Second Supplemental Indenture shall also be amended so as to be consistent with the amendments made in this Second Supplemental Indenture.

 

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(b)                                 Subject to the effectiveness and operability of the aforementioned amendments in accordance with Section 2.02 of this Second Supplemental Indenture, any failure by the Company or Parent to comply with the terms of any of the sections of the Indenture deleted by this Second Supplemental Indenture (whether before or after the execution of this Second Supplemental Indenture) shall no longer constitute a Default or an Event of Default under the Indenture and shall no longer have any other consequences under the Indenture, in each case with respect to the Notes.

 

ARTICLE TWO

MISCELLANEOUS

 

SECTION 2.01                                   Trust Indenture Act Controls. Any reference to a requirement under the TIA shall apply to this Second Supplemental Indenture irrespective of whether or not this Second Supplemental Indenture is then qualified thereunder. If any provision of this Second Supplemental Indenture limits, qualifies or conflicts with another provision which is required to be included in this Second Supplemental Indenture by the TIA (or in any other indenture qualified thereunder), the provision required by the TIA shall control.

 

SECTION 2.02                                   Effectiveness. The provisions of this Second Supplemental Indenture shall be effective only upon execution and delivery of this instrument by the parties hereto. Notwithstanding the foregoing sentence, the provisions of this Second Supplemental Indenture shall become operative only upon the payment by the Company of the Exchange Consideration or the Total Exchange Consideration (each as defined in the Consent Documents), as applicable, to the consenting Holders in accordance with the terms of the Consent Documents, with the result that the amendments to the Indenture effected by this Second Supplemental Indenture shall be deemed to be revoked retroactively to the date hereof if such payment shall not occur. The Company shall give prompt written notice to the Trustee of (a) whether payment of the Exchange Consideration or the Total Exchange Consideration, as applicable, has been made to the consenting Holders and (b)(i) whether such payment is with respect to at least a majority in principal amount of the outstanding Notes pursuant to the Consent Solicitation and the provisions of this Second Supplemental Indenture shall become operative with respect to the Notes or (ii) whether the provisions of this Second Supplemental Indenture shall not become operative and the amendments to the Indenture effected by this Second Supplemental Indenture shall be deemed revoked retroactively to the date hereof with respect to the Notes.

 

SECTION 2.03                                   Second Supplemental Indenture Incorporated into Indenture. The terms and conditions of this Second Supplemental Indenture shall be deemed to be part of the Indenture for all purposes relating to the Notes and the Guarantee. The Indenture is hereby incorporated by reference herein and, as further supplemented by this Second Supplemental Indenture, is in all respects adopted, ratified and confirmed. Parent hereby confirms that its Guarantee pursuant to the Indenture shall apply to the Notes and the Indenture, as amended by this Second Supplemental Indenture, in accordance with the terms of the Notes.

 

SECTION 2.04                                   Notes Deemed Conformed. As of the date hereof, the provisions of the Notes and the Guarantee of Parent pursuant to the Indenture shall be deemed to be conformed, without the necessity for any reissuance or exchange of such Notes or any other action on the part of the Holders of the Notes, the Company, Parent or the Trustee, so as to reflect this Second Supplemental Indenture.

 

3

 

SECTION 2.05                                   Benefits of Second Supplemental Indenture. Nothing in this Second Supplemental Indenture, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Second Supplemental Indenture or the Indenture.

 

SECTION 2.06                                   Governing Law. This Second Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 

SECTION 2.07                                   Trustee Disclaimer. The recitals herein contained are made by the Company and Parent, and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture, and the Trustee assumes no responsibility for the correctness of same. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Second Supplemental Indenture.

 

SECTION 2.08                                   Successors. All agreements of the Company and Parent in this Second Supplemental Indenture, the Indenture, the Notes and the Guarantee shall bind their respective successors. All agreements of the Trustee in this Second Supplemental Indenture, the Indenture, the Notes and the Guarantee shall bind its successor.

 

SECTION 2.09                                   Severability. In case any provision in this Second Supplemental Indenture, the Indenture, the Notes or the Guarantee 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 2.10                                   Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture by manual or facsimile signature. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Second 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.

 

SECTION 2.11                                   Definitions. Each capitalized term used but not defined in this Second Supplemental Indenture shall have the meaning assigned to such term in the Indenture.

 

SECTION 2.12                                   Headings. The headings of the Articles and Sections of this Second Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof.

 

[Signatures on following page]

 

4

 

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

 

 

	
 
    	
Company:
    
	
 
    	
 
    
	
 
    	
HELMERICH &   PAYNE INTERNATIONAL DRILLING CO.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark W. Smith
    
	
 
    	
 
    	
Name:
    	
Mark   W. Smith
    
	
 
    	
 
    	
Title:
    	
Vice   President and Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Parent:
    
	
 
    	
 
    
	
 
    	
HELMERICH &   PAYNE, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark W. Smith
    
	
 
    	
 
    	
Name:
    	
Mark   W. Smith
    
	
 
    	
 
    	
Title:
    	
Vice   President and Chief Financial Officer
    

 

[Signature Page to Second Supplemental Indenture]

 

 

	
 
    	
Trustee:
    
	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Patrick Giordano
    
	
 
    	
 
    	
Name:
    	
Patrick   Giordano
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Second Supplemental Indenture]Exhibit 10.1

 

FIRST AMENDMENT AND TRANCHE INCREASE AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS FIRST AMENDMENT AND TRANCHE INCREASE AMENDMENT TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as of December 18, 2018 by and among Middleby Marshall, Inc., a Delaware corporation (the “Company”), the Lenders (as defined below) signatory hereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

 

WHEREAS, The Middleby Corporation, a Delaware corporation (“Parent”), the Company, the other Borrowers from time to time party thereto, the various financial institutions from time to time party thereto (the “Lenders”) and the Administrative Agent are parties to that certain Sixth Amended and Restated Credit Agreement, dated as of July 28, 2016 (as amended, restated, amended and restated or supplemented from time to time, the “Credit Agreement”; capitalized terms used but not defined herein have the meanings set forth in the Credit Agreement);

 

WHEREAS, the Company has requested from the Lenders party hereto an increase in Commitments pursuant to the request attached as Exhibit A hereto and in accordance with the terms of Section 6.2.2 of the Credit Agreement and Section 1 hereof in an aggregate principal amount equal to $500,000,000.00 (the “First Amendment Tranche Increase”); and

 

WHEREAS, in order to effectuate the First Amendment Tranche Increase, the parties hereto desire to amend the Credit Agreement as more fully set forth herein and to have this Amendment executed in lieu of Annex I to Exhibit G to the Credit Agreement;

 

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

 

SECTION 1                               Increase.

 

1.1                               On the First Amendment Effective Date (as defined below), pursuant to the terms hereof and of Section 6.2.2 of the Credit Agreement, each Lender with a First Amendment Tranche Increase Commitment (as defined below) (such Lenders, the “First Amendment Tranche Increase Lenders”), severally and not jointly, agrees to provide the portion of the First Amendment Tranche Increase to the Borrowers in the aggregate principal amount set forth opposite such Lender’s name on Exhibit B attached hereto (each, a “First Amendment Tranche Increase Commitment” and, collectively, the “First Amendment Tranche Increase Commitments”), on the terms set forth herein and in the Credit Agreement (as amended hereby), and subject to the conditions set forth herein.  Each First Amendment Tranche Increase Commitment shall be deemed to be a “Commitment” as defined in the Credit Agreement (as amended hereby) for all purposes of the Loan Documents and shall have terms and provisions identical to those applicable to the Commitments outstanding immediately prior to the First Amendment Effective Date.

 

1.2                               With effect from and including the First Amendment Effective Date, after giving effect to  the increase in the Commitments as contemplated hereby, each Lender with a Commitment (other than any First Amendment Tranche Increase Lender), immediately prior to such increase will automatically and without further act be deemed to have assigned to each First Amendment Tranche Increase Lender, and each First Amendment Tranche Increase Lender will automatically and without further act be deemed to have assumed, a portion of such Lender’s participations under the Credit Agreement in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations under the

 

 

Credit Agreement in Letters of Credit held by each Lender and (ii) participations under the Credit Agreement in Swing Line Loans held by each Lender will equal the percentage of the aggregate Commitments (after giving effect to the First Amendment Tranche Increase Commitments) represented by such Lender’s Commitment (after giving effect to the First Amendment Tranche Increase Commitments, if applicable).

 

SECTION 2                               Amendments.  As of the First Amendment Effective Date, the Credit Agreement is hereby amended as follows:

 

2.1                               The following new definitions are hereby added to Section 1.1 of the Credit Agreement in proper alphabetical sequence:

 

Beneficial Ownership Certification means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry and Financial Markets Association.

 

Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

 

First Amendment means that certain First Amendment and Tranche Increase Amendment to Sixth Amended and Restated Credit Agreement, dated as of the First Amendment Effective Date, by and among the Company, the Lenders party thereto and the Administrative Agent.

 

First Amendment Effective Date means December 18, 2018.

 

First Amendment Tranche Increase Commitment has the meaning ascribed to such term in the First Amendment.

 

2.2                               The definitions below and set forth in Section 1.1 of the Credit Agreement are hereby amended and restated as follows:

 

Commitment means, as to any Lender, such Lender’s commitment to make Revolving Loans, and to issue or participate in Letters of Credit and to participate in Swing Line Loans, under this Agreement (and, for the avoidance of doubt, shall include the First Amendment Tranche Increase Commitments).  The amount of the Commitment of each Lender as of the First Amendment Effective Date is set forth across from such Lender’s name on Schedule 2.1 (as amended pursuant to the First Amendment).

 

Commitment Amount means $3,000,000,000, as such amount may be changed from time to time pursuant to the terms hereof.

 

2.3                               Section 10.1.8 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

10.1.8              Other Information.  From time to time such other information concerning the Parent and its Subsidiaries as the Administrative Agent or any Lender may reasonably request, including without limitation, promptly following any request therefor, information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” requirements under the USA Patriot Act, the Beneficial Ownership Regulation or other applicable anti-money laundering laws.

 

2

 

2.4                               Schedule 2.1 (Lenders and Initial Commitments and Percentages) to the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Exhibit C attached hereto.

 

SECTION 3                               Representations and Warranties.  The Company represents and warrants to the Administrative Agent and the Lenders that, before and after giving effect to the Amendment and the First Amendment Tranche Increase, (a) the representations and warranties of the Borrowers contained in Section 9 of the Credit Agreement and of the Loan Parties in the other Loan Documents (deeming this Amendment as a Loan Document) are true and correct in all material respects on and as of the date of such increase, except (I) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (II) the representations and warranties contained in subsections (a) and (b) of Section 9.4 of the Credit Agreement are deemed to refer to the most recent statements furnished pursuant to Section 10.1.1 and 10.1.2 of the Credit Agreement, (b) no Event of Default or Unmatured Event of Default will exist and (c) as of the First Amendment Effective Date, the information included in any Beneficial Ownership Certification delivered in connection with the First Amendment is true and correct in all material respects.

 

SECTION 4                               Effectiveness.  This Amendment shall become effective as of the date hereof (the “First Amendment Effective Date”) upon the satisfaction of the following conditions precedent:

 

4.1                               The Administrative Agent shall have received counterparts of this Amendment executed by the Company and the Required Lenders (which shall include each of the First Amendment Tranche Increase Lenders).

 

4.2                               The Administrative Agent shall have received a certificate, in form and substance reasonably satisfactory to it, executed by each Loan Party (a) certifying and attaching resolutions of such Loan Party approving or consenting to the First Amendment Tranche Increase and (b) certifying that, before and after giving effect to the First Amendment Tranche Increase, (i) the representations and warranties set forth in Section 3 of this Amendment are true and correct and (ii) the Parent is in compliance (on a pro forma basis) with the covenants contained in Section 10.6 of the Credit Agreement.

 

4.3                               At least five days prior to the First Amendment Effective Date, the Company shall cause any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation to deliver a Beneficial Ownership Certification in relation to such Borrower to the Administrative Agent and each Lender party hereto that so requests.

 

4.4                               Borrower shall have paid (i) to the Administrative Agent an upfront fee in the aggregate amount of $375,000 for the ratable benefit of each First Amendment Tranche Increase Lender, and (ii) without duplication of the fees set forth in the foregoing clause, in accordance with the Credit Agreement, the reasonable and documented out-of-pocket costs and expenses (including legal fees) of Administrative Agent incurred by it in connection with the transactions contemplated hereby to the extent invoiced prior to the date hereof.

 

SECTION 5                               Miscellaneous.

 

5.1                               Continuing Effectiveness, etc.  As amended hereby, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. After the effectiveness of this Amendment, all references in the Credit Agreement and the other Loan Documents to “Credit Agreement” or similar terms shall refer to the Credit Agreement as amended hereby.  This Amendment shall be deemed a Loan Document.

 

3

 

5.2                               Confirmation.  The Company confirms to the Administrative Agent and the Lenders that after giving effect to the Amendment and the transactions contemplated thereby, each Loan Document to which the Company is a party continues in full force and effect (and hereby reaffirms its obligations thereunder, including any Liens granted therein) and is the legal, valid and binding obligation of such undersigned, enforceable against such undersigned in accordance with its terms, subject to bankruptcy, insolvency, and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

 

5.3                               Counterparts.  This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original but all such counterparts shall together constitute one and the same Amendment. Delivery of an executed counterpart hereof, or a signature page hereto, by facsimile or in a .pdf or similar file shall be effective as delivery of an originally executed counterpart hereof.

 

5.4                               Governing Law.  This Amendment and the rights and obligations of the parties hereunder shall be governed by, and construed and interpreted in accordance with, the laws of the State of Illinois without regard to principles of conflicts of law (except 725 Ill. Comp. Stat. §105/5-5).

 

5.5                               Successors and Assigns.  This Amendment shall be binding upon the Parent, the Borrowers, the Lenders and the Administrative Agent and their respective successors and assigns, and shall inure to the benefit of the Parent, the Borrowers, the Lenders and the Administrative Agent and the respective successors and assigns of the Lenders and the Administrative Agent.

 

5.6                               Captions.  The captions and headings of this Amendment are for convenience of reference only and shall not affect the interpretation of this Amendment.

 

5.7                               Severability.  The illegality or unenforceability of any provision of this Amendment or any instrument or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the remaining provisions of this Amendment or any instrument or agreement required hereunder.

 

5.8                               Entire Agreement.  This Amendment, including all attachments and exhibits hereto, shall constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes all other understandings, oral or written, with respect to the subject matter hereof.

 

[Signature pages follow]

 

4

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the day and year first above written.

 

	
 
    	
MIDDLEBY MARSHALL INC.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Timothy J.   FitzGerald
    
	
 
    	
Name: Timothy J.   FitzGerald
    
	
 
    	
Title: Vice President   and Chief Financial Officer
    

 

 

	
 
    	
BANK OF AMERICA, N.A.   as Administrative Agent
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jason E. Guerra
    
	
 
    	
Name: Jason E. Guerra
    
	
 
    	
Title: Senior Vice   President
    
	
 
    	
 
    
	
 
    	
BANK OF AMERICA, N.A.,   as an Issuing Lender, as Swing Line Lender and as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jason E. Guerra
    
	
 
    	
Name: Jason E. Guerra
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
First Bank of Highland Park
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lynn Rosinsky
    
	
 
    	
Name: Lynn Rosinsky
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
BRANCH BANKING AND TRUST COMPANY
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kurt W. Anstaett
    
	
 
    	
Name: Kurt W. Anstaett
    
	
 
    	
Title: Senior Vice President
    

 

 

	
 
    	
Northern Trust
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Timothy S. McDonald
    
	
 
    	
Name: Timothy S.   McDonald
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
SUNTRUST BANK
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Lisa Garling
    
	
 
    	
Name: Lisa Garling
    
	
 
    	
Title: Director
    

 

 

	
 
    	
BANK OF MONTREAL,
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas Hasenauer
    
	
 
    	
Name: Thomas Hasenauer
    
	
 
    	
Title: Director
    

 

 

	
 
    	
BANK OF MONTREAL, LONDON   BRANCH,
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Tom Woolgar
    
	
 
    	
Name: Tom Woolgar
    
	
 
    	
Title: Managing   Director, Corporate Banking
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Scott Matthews
    
	
 
    	
Name: Scott Matthews
    
	
 
    	
Title: Managing   Director
    

 

 

	
 
    	
KeyBank National Association
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas A. Crandell
    
	
 
    	
Name: Thomas A. Crandell
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
U.S. Bank National Association,
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ James N. DeVries
    
	
 
    	
Name: James N. DeVries
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
CITIZENS BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas Lass
    
	
 
    	
Name: Thomas Lass
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
Wells Fargo Bank, National   Association
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peg Laughlin
    
	
 
    	
Name: Peg Laughlin
    
	
 
    	
Title: Senior Vice   President
    

 

 

	
 
    	
HSBC BANK USA, NATIONAL   ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Graeme Robertson
    
	
 
    	
Name: Graeme Robertson
    
	
 
    	
Title: Director
    

 

 

	
 
    	
PNC BANK, NATIONAL ASSOCIATION
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert G. Stevens
    
	
 
    	
Name: Robert G. Stevens
    
	
 
    	
Title: Vice President
    

 

 

	
 
    	
FIFTH THIRD BANK
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert R. Mangers
    
	
 
    	
Name: Robert R. Mangers
    
	
 
    	
Title: Director
    

 

 

	
 
    	
COÖPERATIEVE RABOBANK U.A., NEW   YORK BRANCH
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Piet Hein Knook
    
	
 
    	
Name: Piet Hein Knook
    
	
 
    	
Title: Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ William Binder
    
	
 
    	
Name: William Binder
    
	
 
    	
Title: Executive   Director
    

 

 

	
 
    	
JPMorgan Chase Bank, N.A.
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Justin Martin
    
	
 
    	
Name: Justin Martin
    
	
 
    	
Title: Authorized   Officer
    

 

 

EXHIBIT A

 

INCREASE REQUEST

 

DECEMBER 3, 2018

 

Bank of America, N.A., as Administrative Agent

under the Credit Agreement referred to below

135 South LaSalle Street

Chicago, Illinois 60603

 

Ladies/Gentlemen:

 

Please refer to the Sixth Amended and Restated Credit Agreement dated as of July 27, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) initially among Middleby Marshall Inc. (the “Company”), The Middleby Corporation, the Initial Subsidiary Borrowers, various financial institutions and Bank of America, N.A., as Administrative Agent. Capitalized terms used but not defined herein have the meanings set forth in the Credit Agreement.

 

In accordance with Section 6.2.2 of the Credit Agreement, the Company hereby requests an increase in the Commitment Amount from $2,500,000,000 to $3,000,000,000 as set forth in the letter attached hereto. Such increase shall be effective three Business Days after the date that the Administrative Agent acknowledges receipt of the letter attached hereto or such other date as is agreed among the Company, the Administrative Agent and the increasing Lender.

 

	
 
    	
Very truly yours,
    
	
 
    	
 
    
	
 
    	
MIDDLEBY MARSHALL INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Martin M. Lindsay
    
	
 
    	
Name: Martin M. Lindsay
    
	
 
    	
Title: Vice President,   Treasurer and
    
	
 
    	
Assistant Secretary
    

 

 

EXHIBIT B

 

First Amendment Tranche Increase Commitments

 

	
Lender
    	
 
    	
First Amendment Tranche Increase
   Commitment
    	
 
    
	
Bank of America,   N.A.
    	
 
    	
$
    	
125,000,000
    	
 
    
	
JP Morgan Chase   Bank, N.A
    	
 
    	
$
    	
40,000,000
    	
 
    
	
PNC Bank,   National Association
    	
 
    	
$
    	
62,500,000
    	
 
    
	
SunTrust Bank
    	
 
    	
$
    	
25,000,000
    	
 
    
	
Bank of Montreal
    	
 
    	
$
    	
75,000,000
    	
 
    
	
HSBC Bank USA,   N.A.
    	
 
    	
$
    	
46,500,000
    	
 
    
	
US Bank,   National Association
    	
 
    	
$
    	
30,000,000
    	
 
    
	
Citizens Bank,   N.A.
    	
 
    	
$
    	
18,500,000
    	
 
    
	
KeyBank National   Association
    	
 
    	
$
    	
12,500,000
    	
 
    
	
Cooperative   Rabobank UA
    	
 
    	
$
    	
17,500,000
    	
 
    
	
Fifth Third Bank
    	
 
    	
$
    	
12,500,000
    	
 
    
	
Wells Fargo   Bank, N.A.
    	
 
    	
$
    	
25,000,000
    	
 
    
	
The Northern   Trust Company
    	
 
    	
$
    	
5,000,000
    	
 
    
	
First Bank of Highland   Park
    	
 
    	
$
    	
5,000,000
    	
 
    
	
TOTALS
    	
 
    	
$
    	
500,000,000
    	
 
    

 

 

EXHIBIT C

 

SCHEDULE 2.1

LENDERS AND COMMITMENTS AND PERCENTAGES

 

	
Lender
    	
 
    	
Commitment
    	
 
    	
Percentage
    	
 
    	
Jurisdiction of tax
   residence*
    	
 
    	
HMRC Double Tax
   Treaty Passport
   Number (if
   applicable)*
    	
 
    
	
Bank of America,   N.A.(1)
    	
 
    	
$
    	
520,000,000
    	
 
    	
17.333333333
    	
%
    	
USA
    	
 
    	
13/B/7418/DTTP
    	
 
    
	
JPMorgan Chase Bank,   N.A.(2)
    	
 
    	
$
    	
365,000,000
    	
 
    	
12.166666667
    	
%
    	
USA
    	
 
    	
13/M/0268710/DTTP
    	
 
    
	
PNC Bank, National   Association
    	
 
    	
$
    	
312,500,000
    	
 
    	
10.416666667
    	
%
    	
USA
    	
 
    	
13/P/63904/DTTP
    	
 
    
	
Wells Fargo Bank, N.A.
    	
 
    	
$
    	
250,000,000
    	
 
    	
8.333333333
    	
%
    	
USA
    	
 
    	
13/W/61173/DTTP
    	
 
    
	
Bank of Montreal
    	
 
    	
$
    	
250,000,000
    	
 
    	
8.333333333
    	
%
    	
N/A(3)
    	
 
    	
 
    	
 
    
	
Citizens Bank, N.A.
    	
 
    	
$
    	
168,500,000
    	
 
    	
5.616666667
    	
%
    	
USA
    	
 
    	
13/C/356159/DTTP
    	
 
    
	
US Bank, National   Association
    	
 
    	
$
    	
180,000,000
    	
 
    	
6.000000000
    	
%
    	
USA
    	
 
    	
13/U/62184/DTTP
    	
 
    
	
Branch   Banking & Trust Company
    	
 
    	
$
    	
150,000,000
    	
 
    	
5.000000000
    	
%
    	
USA
    	
 
    	
13/B/357522/DTTP
    	
 
    
	
Fifth Third Bank
    	
 
    	
$
    	
132,500,000
    	
 
    	
4.416666667
    	
%
    	
USA
    	
 
    	
13/F/24267/DTTP
    	
 
    
	
Cooperatieve Rabobank   U.A.
    	
 
    	
$
    	
117,500,000
    	
 
    	
3.916666667
    	
%
    	
The Netherlands
    	
 
    	
1/C/70166/DTTP
    	
 
    
	
KeyBank National   Association
    	
 
    	
$
    	
107,500,000
    	
 
    	
3.583333333
    	
%
    	
USA
    	
 
    	
16/K/216274/DTTP
    	
 
    
	
HSBC Bank USA, N.A.
    	
 
    	
$
    	
121,500,000
    	
 
    	
4.050000000
    	
%
    	
USA
    	
 
    	
13/H/314375/DTTP
    	
 
    
	
HSBC Bank PLC
    	
 
    	
$
    	
75,000,000
    	
 
    	
2.500000000
    	
%
    	
 
    	
 
    	
 
    	
 
    
	
The Huntington National   Bank
    	
 
    	
$
    	
50,000,000
    	
 
    	
1.666666667
    	
%
    	
USA
    	
 
    	
12/H/216/377/DTTP
    	
 
    
	
SunTrust
    	
 
    	
$
    	
100,000,000
    	
 
    	
3.333333333
    	
%
    	
USA
    	
 
    	
13/S.67712/DTTP
    	
 
    
	
Associated Bank,   National Association
    	
 
    	
$
    	
40,000,000
    	
 
    	
1.333333333
    	
%
    	
 
    	
 
    	
 
    	
 
    
	
The Northern Trust   Company
    	
 
    	
$
    	
35,000,000
    	
 
    	
1.166666667
    	
%
    	
USA
    	
 
    	
13/N/60122/DTTP
    	
 
    
	
First Bank Highland   Park
    	
 
    	
$
    	
25,000,000
    	
 
    	
0.833333333
    	
%
    	
 
    	
 
    	
 
    	
 
    
	
TOTALS
    	
 
    	
$
    	
3,000,000,000
    	
 
    	
100.000000000
    	
%
    	
 
    	
 
    	
 
    	
 
    

 

* Only required for Lenders who wish to use the HMRC Double Tax Treaty Passport scheme in relation to Loans to UK Borrowers.

 

(1) Loans in Canadian Dollars will be held by Bank of America, N.A. Canada Branch.

(2) Loans in Canadian Dollars will be held by JPMorgan Chase Bank, N.A. Toronto Branch.

(3) Multi-currency loans will be held by Bank of Montreal, London Branch.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]