Document:

Exhibit 10.24

 

EXECUTION VERSION

 

EIGHTH AMENDMENT TO

NOTE PURCHASE AGREEMENT

 

THIS EIGHT

AMENDMENT TO NOTE PURCHASE AGREEMENT, dated as of May 3, 2002 (this “Eighth

Amendment”), is entered into by and among WLFC FUNDING CORPORATION, as issuer

(the “Issuer”), WILLIS LEASE FINANCE CORPORATION, as servicer (the “Servicer”),

VARIABLE FUNDING CAPITAL CORPORATION, as a purchaser (“VFCC”), the Investors,

FIRST UNION SECURITIES, INC., as deal agent (the “Deal Agent”) and WACHOVIA

BANK, NATIONAL ASSOCIATION, as liquidity agent (formerly known as First Union

National Bank) (“WB”).  Capitalized

terms used and not otherwise defined herein are used as defined in the

Agreement (as defined below).

 

WHEREAS, the

parties hereto entered into that certain Note Purchase Agreement, dated as

February 11, 1999, as amended by a First Amendment, dated as of May 12, 1999, a

Second Amendment, dated as of February 9, 2000, a Third Amendment, dated as of

February 7, 2001, a Fourth Amendment, dated as of May 31, 2001, a Fifth

Amendment, dated as of February 5, 2002, a Sixth Amendment, dated as of March

5, 2002 and a Seventh Amendment, dated as of April 5, 2002 (the “Agreement”);

and

 

WHEREAS, the

parties hereto desire to amend the Agreement in certain respects as provided

herein;

 

NOW THEREFORE,

in consideration of the premises and the other mutual covenants contained

herein, the parties hereto agree as follows:

 

SECTION

1.  Amendments.

 

(a)           The definition of “Commitment

Termination Date” in Section 1.1 of the Agreement is hereby modified, amended

and restated to read in its entirety as follows:

 

“Commitment

Termination Date: February 5, 2003 or such later date to which the

Commitment Termination Date may be extended (if extended) in the sole

discretion of the Purchases in accordance with the terms of Section 2.3(b).”

 

(b)           The following definition is hereby

added in its entirety to Section 1.1 of the Agreement:

 

 

 

 

“Eighth

Amendment Date: The date on which the Eighth Amendment to the Agreement

shall become effective.”

 

(c)           Section 2.4(c) of the Note Purchase

Agreement is deleted.

 

SECTION 2. Agreement

in Full Force and Effect as Amended. 

Except as specifically amended hereby, the Agreement shall remain in

full force and effect.  All references

to the Agreement shall be deemed to mean the Agreement as modified hereby.  This Eighth Amendment shall not constitute a

novation of the Agreement, but shall constitute an amendment thereof.  The parties hereto agree to be bound by the

terms and conditions of the Agreement, as amended by this Eighth Amendment, as

though such terms and conditions were set forth herein.

 

SECTION 3. Miscellaneous.

 

(a)           This Eighth Amendment may be executed

in any number of counterparts, and by the different parties hereto on the same

or separate counterparts, each of which shall be deemed to be an original

instrument but all of which together shall constitute one and the same

agreement.

 

(b)           The descriptive headings of the

various sections of this Eighth Amendment are inserted for convenience of

reference only and shall not be deemed to affect the meaning or construction of

any of the provisions hereof.

 

(c)           This Eighth Amendment may not be

amended or otherwise modified except as provided in the Agreement.

 

(d)           THIS

EIGHTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS

EIGHTH AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN

ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS

CONFLICT OF LAWS PROVISIONS.

 

[Remainder of Page Intentionally left Blank]

 

2

 

IN WITNESS WHEREOF,

the parties have caused this Eighth Amendment to the Agreement to be executed

by their respective officers thereunto duly authorized as, of the date first

above written.

 

	

  THE ISSUER:

  	

   

  	

  WLFC FUNDING

  CORPORATION

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Donald

  A. Nunemaker

  	

   

  
	

   

  	

   

  	

  Title: 

  	

  DONALD A.

  NUNEMAKER

  EXECUTIVE VICE PRESIDENT

  CHIEF OPERATING OFFICER

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  THE

  SERVICER:

  	

   

  	

  WILLIS LEASE

  FINANCE CORPORATION

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Donald

  A. Nunemaker

  	

   

  
	

   

  	

   

  	

  Title: 

  	

  DONALD A. NUNEMAKER

  EXECUTIVE VICE PRESIDENT

  CHIEF OPERATING OFFICER

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  THE

  INVESTOR:

  	

   

  	

  WACHOVIA

  BANK, NATIONAL ASSOCIATION

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

   /s/ Bill A. Shirley

  	

   

  
	

   

  	

   

  	

  Title:

  	

   

  	

  BILL

  A.SHIRLEY

  SENIOR VICE PRESIDENT

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Wachovia

  Bank, National Association

  
	

   

  	

   

  	

  One First

  Union Center, TW-9

  
	

   

  	

   

  	

  Charlotte,

  North Carolina 28288

  
	

   

  	

   

  	

  Attention:

  Credit Administration

  
	

   

  	

   

  	

  Facsimile

  No.: (704) 374-6355

  
	

   

  	

   

  	

  Confirmation

  No.: (704) 374-4001

  
															

 

S-1

 

	

  VFCC:

  	

   

  	

  VARIABLE FUNDING

  CAPITAL CORPORATION

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  First Union

  Securities, Inc.,

  
	

   

  	

   

  	

   

  	

  as

  attorney-in-fact

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Douglas

  R. Wilson

  	

   

  
	

   

  	

   

  	

  Title: 

  	

  DOUGLAS R.

  WILSON, SR.

  VICE PRESIDENT

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Variable

  Funding Capital Corporation

  
	

   

  	

   

  	

  c/o First

  Union Securities, Inc.

  
	

   

  	

   

  	

  One First

  Union Center, TW-9

  
	

   

  	

   

  	

  Attention:

  Conduit Administration

  
	

   

  	

   

  	

  Facsimile

  No.: (704) 383-6036

  
	

   

  	

   

  	

  Confirmation

  No.: (704) 383-9343

  
	

   

  	

   

  	

   

  
	

   

  	

  with a copy

  to:

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Lord

  Securities Corp.

  
	

   

  	

   

  	

  2 Wall

  Street, 19th Floor

  
	

   

  	

   

  	

  New York,

  New York

  
	

   

  	

   

  	

  Attention:

  Vice President

  
	

   

  	

   

  	

  Facsimile

  No.: (212) 346-9012

  
	

   

  	

   

  	

  Confirmation

  No.: (212) 346-9008

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  THE DEAL

  AGENT:

  	

   

  	

  FIRST UNION

  SECURITIES, INC.

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Daniel

  Miller

  	

   

  
	

   

  	

   

  	

  Title: 

  	

  DANIEL

  MILLER.

  DIRECTOR

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  First Union

  Securities, Inc.

  
	

   

  	

   

  	

  One First

  Union Center, TW-9

  
	

   

  	

   

  	

  Charlotte,

  North Carolina 28288

  
	

   

  	

   

  	

  Attention:

  Conduit Administration

  
	

   

  	

   

  	

  Facsimile

  No.: (704) 383-6036

  
	

   

  	

   

  	

  Telephone

  No.: (704) 383-9343

  
													

 

S-2

 

	

  THE

  LIQUIDITY AGENT:

  	

   

  	

  WACHOVIA

  BANK, NATIONAL ASSOCIATION

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/  Bill A. Shirley

  	

   

  
	

   

  	

   

  	

  Title: 

  	

  BILL A.

  SHIRLEY

  SENIOR VICE PRESIDENT

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Wachovia

  Bank, National Association

  
	

   

  	

   

  	

  One First

  Union Center, TW-9

  
	

   

  	

   

  	

  Charlotte,

  North Carolina 28288

  
	

   

  	

   

  	

  Attention;

  Credit Administration

  
	

   

  	

   

  	

  Facsimile

  No.: (704) 374-6355

  
	

   

  	

   

  	

  Telephone

  No.: (704) 374-4001

  
						

 

S-3Exhibit 4.1

THIRD SUPPLEMENTAL INDENTURE

 

THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as

of June 6, 2002, among ATK INTERNATIONAL SALES INC., a Delaware corporation

(the “New Guarantor”), a subsidiary of ALLIANT TECHSYSTEMS INC., a Delaware

corporation (the “Company”), ALLIANT AMMUNITION SYSTEMS COMPANY LLC, a Delaware

limited liability company, NEW RIVER ENERGETICS, INC., a Delaware corporation,

ALLIANT HOLDINGS LLC, a Delaware limited liability company, ALLIANT PROPULSION

AND COMPOSITES LLC, a Delaware limited liability company, ALLIANT SOUTHERN

COMPOSITES COMPANY LLC, a Delaware limited liability company, ATK AMMUNITION

AND RELATED PRODUCTS LLC (f/k/a Alliant Defense LLC), a Delaware limited

liability company, ALLIANT AMMUNITION AND POWDER COMPANY LLC, a Delaware

limited liability company, ALLIANT PRECISION FUZE COMPANY LLC, a Delaware

limited liability company, ALLIANT INTEGRATED DEFENSE COMPANY LLC, a Delaware

limited liability company, ALLIANT INTERNATIONAL HOLDINGS INC., a Minnesota

corporation, ATK TACTICAL SYSTEMS COMPANY LLC (f/k/a Alliant Missile Products

Company LLC), a Delaware limited liability company, ALLIANT LAKE CITY SMALL

CALIBER AMMUNITION COMPANY LLC, a Delaware limited liability company, ATK

AEROSPACE COMPANY INC. (f/k/a Thiokol Propulsion Corp.), a Delaware

corporation, THIOKOL TECHNOLOGIES INTERNATIONAL, INC., a Delaware

corporation,  ATK COMMERCIAL AMMUNITION

HOLDINGS INC., a Delaware corporation, ATK COMMERCIAL AMMUNITION COMPANY INC.,

a Delaware corporation, FEDERAL CARTRIDGE COMPANY, a Minnesota corporation,

SIMMONS OUTDOOR CORPORATION, a Delaware corporation, ESTATE CARTRIDGE, INC., a

Texas corporation, AMMUNITION ACCESSORIES INC., a Delaware corporation, ATK

LOGISTICS AND TECHNICAL SERVICES LLC, a Delaware limited liability company, ATK

PRECISION SYSTEMS LLC, a Delaware limited liability company, ATK Gun Systems

Company LLC, a Delaware limited liability company, and BNY MIDWEST TRUST

COMPANY, an Illinois banking corporation, as trustee under the indenture

referred to below (the “Trustee”).

 

W I T N E S S E T H:

 

WHEREAS the Company and Alliant Ammunition Systems Company LLC, New

River Energetics, Inc., Alliant 

Holdings LLC,

Alliant Propulsion and Composites LLC, Alliant Southern Composites Company LLC,

ATK Ammunition and Related Products LLC (f/k/a Alliant Defense LLC), Alliant

Ammunition and Powder Company LLC, Alliant Precision Fuze Company LLC, Alliant

Integrated Defense Company LLC, Alliant International Holdings Inc., ATK

Tactical Systems Company LLC (f/k/a Alliant Missile Products Company LLC),

Alliant Lake City Small Caliber Ammunition Company LLC, ATK Aerospace Company

Inc. (f/k/a Thiokol Propulsion Corp.), Thiokol Technologies International, Inc.

ATK  Commercial Ammunition Holdings

Inc., ATK Commercial Ammunition Company Inc., Federal Cartridge Company,

Simmons Outdoor Corporation, Estate Cartridge, Inc., Ammunition Accessories

Inc. and ATK Logistics and Technical Services LLC, ATK Precision Systems LLC

and ATK Gun Systems Company LLC (the “Existing Guarantors”) have heretofore

executed and 

 

 

delivered to

the Trustee an Indenture (as amended and supplemented by the First Supplemental

Indenture, dated as of December 19, 2001, and as further amended and

supplemented by the Second Supplemental Indenture, dated as of April 5, 2002)

dated as of May 14, 2001 (collectively, the “Indenture”), providing for the

issuance of an aggregate principal amount of up to $600,000,000 of 81⁄2% Senior

Subordinated Notes due 2011 (the “Securities”);

 

WHEREAS Section 4.11 of the Indenture provides that under certain

circumstances the Company is required to cause the New Guarantor to execute and

deliver to the Trustee a supplemental indenture pursuant to which the New

Guarantor shall unconditionally guarantee all the Company’s obligations under

the Securities pursuant to a Subsidiary Guarantee on the terms and conditions

set forth herein; and

 

WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the

Company and the Existing Guarantors are authorized to execute and deliver this

Supplemental Indenture;

 

NOW THEREFORE, in consideration of the foregoing and for other good and

valuable consideration, the receipt of which is hereby acknowledged, the New

Guarantor, the Company, the Existing Guarantors and the Trustee mutually

covenant and agree for the equal and ratable benefit of the holders of the

Securities as follows:

 

1.  Agreement to Guarantee.  The New Guarantor hereby agrees, jointly and

severally with all the Existing Guarantors, to unconditionally guarantee the

Company’s obligations under the Securities on the terms and subject to the

conditions set forth in Articles 11 and 12 of the Indenture and to be bound by

all other applicable provisions of the Indenture and the Securities.

 

2.  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 Securities heretofore or hereafter authenticated

and delivered shall be bound hereby.

 

3.  Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND

CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT

WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE

EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE

REQUIRED THEREBY.

 

4.  Trustee Makes No

Representation.  The Trustee makes

no representation as to the validity or sufficiency of this Supplemental

Indenture.

 

5.  Counterparts.  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.

 

6.  Effect of Headings.  The Section headings herein are for

convenience only and shall not effect the construction thereof.

 

IN WITNESS

WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly

executed as of the date first above written.

 

2

 

ATK

INTERNATIONAL SALES INC.,

 

	

   

  	

  By:

  
	

   

  	

   

  	

  /s/ Perri A.

  Hite

  	

   

  
	

   

  	

  Name:  Perri A. Hite

  
	

   

  	

  Title:  Vice President and Secretary

  
	

   

  	

   

  
	

   

  	

  ALLIANT

  TECHSYSTEMS INC.,

  
	

   

  	

   

  
	

   

  	

  By:

  
	

   

  	

   

  	

  /s/ Robert

  J. McReavy

  	

   

  
	

   

  	

  Name:  Robert J. McReavy

  
	

   

  	

  Title:  Vice President and Treasurer

  
					

 

3

 

	

   

  	

   

  	

  ALLIANT

  AMMUNITION SYSTEMS

  
	

   

  	

   

  	

   

  	

  COMPANY LLC,

  
	

   

  	

   

  	

  NEW RIVER

  ENERGETICS, INC.,

  
	

   

  	

   

  	

  ALLIANT

  HOLDINGS LLC,

  
	

   

  	

   

  	

  ALLIANT

  PROPULSION AND

  
	

   

  	

   

  	

   

  	

  COMPOSITES

  LLC,

  
	

   

  	

   

  	

  ALLIANT

  SOUTHERN COMPOSITES

  
	

   

  	

   

  	

   

  	

  COMPANY LLC,

  
	

   

  	

   

  	

  ATK

  AMMUNITION AND RELATED

  
	

   

  	

   

  	

   

  	

  PRODUCTS

  LLC,

  
	

   

  	

   

  	

  ALLIANT

  AMMUNITION AND

  
	

   

  	

   

  	

   

  	

  POWDER

  COMPANY LLC,

  
	

   

  	

   

  	

  ALLIANT

  PRECISION FUZE COMPANY LLC,

  
	

   

  	

   

  	

  ALLIANT

  INTEGRATED DEFENSE

  
	

   

  	

   

  	

   

  	

  COMPANY LLC,

  
	

   

  	

   

  	

  ALLIANT

  INTERNATIONAL HOLDINGS INC.,

  
	

   

  	

   

  	

  ATK TACTICAL

  SYSTEMS COMPANY LLC,

  
	

   

  	

   

  	

  ALLIANT LAKE

  CITY SMALL CALIBER

  
	

   

  	

   

  	

   

  	

  AMMUNITION

  COMPANY LLC,

  
	

   

  	

   

  	

  ATK

  AEROSPACE COMPANY INC.,

  
	

   

  	

   

  	

  THIOKOL

  TECHNOLOGIES

  
	

   

  	

   

  	

   

  	

  INTERNATIONAL,

  INC.,

  
	

   

  	

   

  	

  ATK

  COMMERCIAL AMMUNITION

  
	

   

  	

   

  	

   

  	

  HOLDINGS

  INC.,

  
	

   

  	

   

  	

  ATK

  COMMERCIAL AMMUNITION

  
	

   

  	

   

  	

   

  	

  COMPANY

  INC.,

  
	

   

  	

   

  	

  FEDERAL

  CARTRIDGE COMPANY,

  
	

   

  	

   

  	

  SIMMONS

  OUTDOOR CORPORATION,

  
	

   

  	

   

  	

  ESTATE

  CARTRIDGE, INC.,

  
	

   

  	

   

  	

  AMMUNITION

  ACCESSORIES INC.,

  
	

   

  	

   

  	

  ATK

  LOGISTICS AND TECHNICAL SERVICES

  
	

   

  	

   

  	

   

  	

  LLC

  
	

   

  	

   

  	

  ATK PRECISION

  SYSTEMS LLC

  
	

   

  	

   

  	

  ATK GUN

  SYSTEMS COMPANY LLC

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  By:

  
	

   

  	

   

  	

   

  	

  /s/ Robert J. McReavy

  	

   

  
	

   

  	

   

  	

   

  	

  Name:

  	

  Robert J.

  McReavy

  
	

   

  	

   

  	

   

  	

  Title:

  	

  Authorized

  Signatory

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  BNY MIDWEST

  TRUST COMPANY, as Trustee,

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  By:

  
	

   

  	

   

  	

   

  	

  /s/ D.G. Donovan

  	

   

  
	

   

  	

   

  	

   

  	

  Name:

  	

  D.G. Donovan

  
	

   

  	

   

  	

   

  	

  Title:

  	

  Assistant

  Vice President

  
							

 

4

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