SEC Contract Filing

Filing Date: 2016-08-04

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>gldd-ex102_99.htm
<DESCRIPTION>EX-10.2
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<p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT NO. 8<br>TO CREDIT AGREEMENT</p>
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Amendment is entered into as of June 30, 2016 by and among Great Lakes Dredge &amp; Dock Corporation (the <font style="font-weight:bold;">&#8220;Borrower&#8221;</font>), the other <font style="font-weight:bold;">&#8220;Credit Parties&#8221;</font> from time to time party to the Credit Agreement referred to and defined below (together with the Borrower, the <font style="font-weight:bold;">&#8220;Credit Parties&#8221;</font>), the Lenders (as defined below) signatory hereto and Wells Fargo Bank, National Association, as Swingline Lender, an Issuing Lender and the Administrative Agent (in such capacity, the <font style="font-weight:bold;">&#8220;Administrative Agent&#8221;</font>). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement referred to and defined below.</p>
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Borrower, the other Credit Parties, the financial institutions from time to time party thereto (collectively, the <font style="font-weight:bold;">&#8220;Lenders&#8221;</font>) and the Administrative Agent are parties to a Credit Agreement, dated as of June 4, 2012 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the <font style="font-weight:bold;">&#8220;Credit Agreement&#8221;</font>).</p>
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Borrower has requested various modifications to the Credit Agreement, and the Administrative Agent and the Required Lenders are willing to grant the Borrower&#8217;s request on the terms and subject to the conditions set forth herein.</p>
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ACCORDINGLY, in consideration of the foregoing premises, the terms and conditions stated herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Borrower, the other Credit Parties, the Required Lenders and the Administrative Agent, such parties hereby agree as follows: </p>
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="Amendments"></a>1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Amendments to the Credit Agreement.</font> Subject to the satisfaction of each of the conditions set forth in Section 3, the Credit Agreement is hereby amended as follows:</p>
<p style="margin-bottom:10pt;text-align:justify;margin-top:10pt;margin-left:7.69%;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;">The table in the definition of &#8220;Applicable Margin&#8221; in Section 1.1 of the Credit Agreement is hereby amended in its entirety to read as</font> follows:</p>
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