SEC Contract Filing

Filing Date: 2016-06-20

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d213620dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 1 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT (the &#147;<U>Amendment</U>&#148;), dated as of June&nbsp;20, 2016, by and among
<B>AMERIGAS PROPANE, L.P.</B>, a Delaware limited partnership (the &#147;<U>Borrower</U>&#148;), <B>AMERIGAS PROPANE, INC.</B>, a Pennsylvania corporation (the &#147;<U>General Partner</U>&#148;), the lenders who are party to this Amendment from
time to time (the &#147;<U>Lenders</U>&#148;) and <B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B>, a national banking association, as Administrative Agent for the Lenders. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">WITNESSETH: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the
Borrower, the General Partner, the Agent and the Lenders are parties to that certain Amended and Restated Credit Agreement, dated as of June&nbsp;18, 2014 (as may be further amended, supplemented or otherwise modified from time to time in accordance
with its terms, the &#147;<U>Credit Agreement</U>&#148;; terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Credit Agreement); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, AmeriGas Partners, L.P. (the &#147;<U>MLP</U>&#148;), AmeriGas Finance Corp. (&#147;<U>Finance Corp.</U>&#148;) and/or AmeriGas
Finance LLC want to refinance three separate tranches of senior notes (6.25% senior notes due 2019, 6.75% senior notes due 2020 and 6.50% senior notes due 2021 (the &#147;<U>Existing Notes&#148;</U>) by using the proceeds from the issuance by the
MLP and Finance Corp. of senior notes (the &#147;<U>New Notes</U>&#148;) to purchase the Existing Notes for cash via a tender offer (the &#147;<U>Tender Offer</U>&#148;) and a subsequent call (redemption) pursuant to the terms of the Indenture for
any and all Existing Notes that are not tendered in the Tender Offer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower and the General Partner have requested that
the Agent and the Lenders agree to amend the definition of &#147;Consolidated MLP Total Leverage Ratio&#148; contained in the Credit Agreement in order that the net increase in Consolidated Indebtedness of MLP and its Subsidiaries resulting from the
issuance of the New Notes prior to the purchase or redemption of the Existing Notes will not result in a breach of the Consolidated MLP Total Leverage Ratio for the fiscal quarter ending June&nbsp;30, 2016 in the event the high yield debt issuance
for the New Notes is successfully launched and the Tender Offer is commenced prior to June&nbsp;27, 2016; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Agent and the
Lenders have agreed to make such revisions on the terms and conditions set forth in this Amendment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, the parties hereto
hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Amendment</U>. Effective as of the date hereof, the definition of &#147;Consolidated MLP Total Leverage
Ratio&#148; contained in <U>Section&nbsp;1.1</U> of the Credit Agreement is hereby amended and restated in its entirety as to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Consolidated MLP Total Leverage Ratio</U>&#148; means, as of any date of determination, the ratio of
(a)&nbsp;Consolidated Total Indebtedness of MLP and its Subsidiaries on such date to (b)&nbsp;Consolidated EBITDA of MLP and its Subsidiaries for the period of four (4)&nbsp;consecutive fiscal quarters ending on or
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immediately prior to such date; <U>provided, however</U>, for the fiscal quarter ended June&nbsp;30, 2016 only, in the event the high yield debt issuance for the New Notes (as defined in
Amendment No.&nbsp;1 to the Credit Agreement) is successfully launched and the tender offer for the Existing Notes (as defined in Amendment No.&nbsp;1 to the Credit Agreement) is commenced prior to June&nbsp;27, 2016, Consolidated Total Indebtedness
shall only include the outstanding principal amount of the New Notes to the extent the outstanding principal amount of the New Notes exceeds the sum of, without duplication, (i)&nbsp;the principal amount of the Existing Notes tendered by the
respective holders thereof to the Borrower for payment in full, together with accrued interest thereon, promptly following the issuance of the New Notes and (ii)&nbsp;the principal sum of the Existing Notes that are not so tendered, but have