SEC Contract Filing

Filing Date: 2018-02-27

Document Content:
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<TYPE>EX-10.B
<SEQUENCE>4
<FILENAME>ex10bdpl_creditxagreementx.htm
<DESCRIPTION>EXHIBIT 10.B
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<div><a name="sD4CB0B64000874F022908BFB930B2B3A"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FIRST AMENDMENT TO CREDIT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">First Amendment to Credit Agreement </font><font style="font-family:inherit;font-size:12pt;">(&#8220;First Amendment&#8221;) is made as of December 15, 2017, by and among DPL Inc. (the &#8220;Borrower&#8221;), AES Ohio Generation, LLC (formerly known as DPL Energy, LLC) (the &#8220;Guarantor&#8221;), the Lenders (as defined below) party hereto and U.S. Bank National Association, as administrative agent for the Lenders (in such capacity, &#8220;Administrative Agent&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Borrower entered into that certain </font><font style="font-family:inherit;font-size:12pt;">Credit Agreement </font><font style="font-family:inherit;font-size:12pt;">(as amended, restated or otherwise modified from time to time, the &#8220;Credit Agreement&#8221;) dated July 31, 2015, with the financial institutions from time to time signatory thereto (each, individually, a &#8220;Lender,&#8221; and any and all such financial institutions collectively the &#8220;Lenders&#8221;) and Administrative Agent.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;">Unless otherwise defined to the contrary herein, all capitalized terms used in this First Amendment shall have the meaning set forth in the Credit Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B.&#160;&#160;&#160;&#160;Borrower has notified the Administrative Agent and the Lenders that it is planning to retire or sell in one or more transactions all of its coal plants and its gas-fired peaking plants, including the Tait and Montpelier units and all other solar, diesel and other generating facilities owned by Guarantor (such sales referred to herein as the &#8220;Transactions&#8221;) and to use the net cash proceeds of such Transactions to repay the Term Loan. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">C.&#160;&#160;&#160;&#160;Borrower has requested that in connection with the proposed Transactions that the Administrative Agent and the Lenders consent to make certain amendments to the Credit Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">D.&#160;&#160;&#160;&#160;Administrative Agent and the Lenders are willing to amend the Credit Agreement as requested by Borrower, but only on the terms and conditions set forth in this First Amendment.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the Recitals and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower, Guarantor, Administrative Agent and Lenders agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;">The following definition(s) are added to Section 1.01 of the Credit Agreement in alphabetical order as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;&#8220;Non-Coal Generation Assets&#8221; means gas-fired peaking plants and all other solar, diesel and other generating facilities that do not use coal as their primary fuel source and are not ancillary to or associated with generation facilities that use coal as their primary fuel source.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The following definition(s) in Section 1.01 of the Credit Agreement are hereby amended and restated as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-lef