SEC Contract Filing

Filing Date: 2020-04-27

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d907900dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>FOURTH
AMENDMENT TO CREDIT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">This FOURTH AMENDMENT TO CREDIT AGREEMENT, dated as of April 24, 2020 (this
&#147;<B>Amendment</B>&#148;), is entered into by and among BRIGHT HORIZONS FAMILY SOLUTIONS LLC, a Delaware limited liability company (the &#147;<B>Borrower</B>&#148;), BRIGHT HORIZONS CAPITAL CORP., a Delaware corporation
(&#147;<B>Holdings</B>&#148;), the Loan Parties who have delivered signature pages hereto, JPMORGAN CHASE BANK, N.A. (&#147;<B>JPMCB</B>&#148;), as administrative agent (in such capacity, the &#147;<B>Administrative Agent</B>&#148;) and L/C Issuer,
and the Lenders referred to below who have delivered signature pages hereto, amends the Credit Agreement, dated as of January 30, 2013, by and among the Borrower, Holdings, JPMCB, as Administrative Agent and L/C Issuer, the lenders party thereto
(the &#147;<B>Existing Lenders</B>&#148;) and the other parties party thereto from time to time (as amended and restated as of November 7, 2016, as amended by the Amendment Agreement dated as of May 8, 2017, the Amendment to Credit Agreement dated
as of November 30, 2017 and the Third Amendment to Credit Agreement dated as of May 31, 2018, the &#147;<B>Credit Agreement</B>&#148;). Capitalized terms not otherwise defined in this Amendment have the meanings ascribed to such terms in the Credit
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">W I T N E S S E T H: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, pursuant to the Credit Agreement, (a)&nbsp;certain Existing Lenders have made Term B Loans to the Borrower and
(b)&nbsp;certain Existing Lenders have made Revolving Credit Loans and have made the Revolving Credit Commitments to the Borrower (each, an &#147;<B>Existing Revolving Lender</B>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, pursuant to Section&nbsp;2.16 of the Credit Agreement, the Borrower has requested from the Fourth Amendment
Incremental Revolving Credit Lenders (as defined below) a Revolving Commitment Increase under the Credit Agreement in an aggregate principal amount of $160,000,000.00; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Borrower, the Administrative Agent, the L/C Issuer and the Fourth Amendment Incremental Revolving Credit Lenders
desire to amend the Credit Agreement to provide for the Fourth Amendment Revolving Commitment Increase (as defined below), to modify the Applicable Rate applicable to the Revolving Credit Loans and to make other modifications related to the Fourth
Amendment Revolving Commitment Increase on the terms and subject to the conditions set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the
Borrower, the Administrative Agent, the Fourth Amendment Incremental Revolving Credit Lenders and the Existing Revolving Lenders that execute and deliver a signature page to this Amendment on or prior to the Amendment Effective Date (as defined
below) as a &#147;Consenting Revolving Lender&#148; (each, a &#147;<B>Consenting Revolving Lender</B>&#148;), desire to amend the Credit Agreement to provide for the Financial Covenant Amendment (as defined below) on the terms and subject to the
conditions set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, with respect to this Amendment, JPMCB, BofA Securities, Inc., Barclays Bank PLC and
Citizens Bank, National Association have been appointed to act as joint lead arrangers and joint bookrunners (the &#147;<B>Arrangers</B>&#148;). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the premises and the covenants and obligations contained herein, the parties hereto agree
as follows: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1%; text-indent:8%; font-size:11pt; font-family:Times New Roman"><B>SECTION 1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Rules of
Interpretation</I></B>. The rules of interpretation set forth in Section&nbsp;1.02 of the Credit Agreement are hereby incorporated by reference herein, <U>mutatis</U> <U>mutandis</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:11pt; font-family:Times New Roman"><B>SECTION 2.&nbsp;&nbsp;&nbsp;&nbsp;</B><B><I>Incremental Amendment.</I></B><B> </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:1%; text-indent:14%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Section&nbsp;2 constitutes an &#147;Incremental
Amendment&#148; pursuant to Section&nbsp;2.16 of the Credit