SEC Contract Filing

Filing Date: 2022-11-25

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d292461dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November&nbsp;22, 2022 (this &#147;<U>Amendment</U>&#148;), among
LEVI STRAUSS&nbsp;&amp; CO., a Delaware corporation (the &#147;<U>U.S. Borrower</U>&#148;), LEVI STRAUSS&nbsp;&amp; CO. (CANADA) INC., an Ontario corporation (the &#147;<U>Canadian Borrower</U>&#148; and together with the U.S. Borrower, the
&#147;<U>Borrowers</U>&#148;), the Lenders party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, and JPMORGAN CHASE BANK, N.A. TORONTO BRANCH, as Multicurrency Administrative Agent. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W I T N E S S E T H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrowers, the other Loan Parties party thereto, the Administrative Agent, the Multicurrency Administrative Agent and each lender
from time to time party thereto (the &#147;<U>Lenders</U>&#148;) have entered into a Second Amended and Restated Credit Agreement, dated as of May&nbsp;23, 2017 and as amended as of October&nbsp;23, 2018, January&nbsp;5, 2021, July&nbsp;22, 2021 and
September&nbsp;20, 2021 (as it may be amended, amended and restated, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;) (capitalized terms not otherwise defined in this Amendment have the same meanings as
specified in the Credit Agreement, as amended by this Amendment (the &#147;<U>Amended Credit Agreement</U>&#148;)); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, on the date
hereof, the Borrowers, the Administrative Agent, the Multicurrency Administrative Agent and the Lenders party hereto desire to amend the Credit Agreement on the terms set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, JPMorgan Chase Bank, N.A., Bank of America, N.A., BNP Paribas and HSBC Bank USA, National Association will act as joint lead
arrangers and joint bookrunners in connection with this Amendment (the &#147;<U>Amendment No.</U><U></U><U>&nbsp;5 Arrangers</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, Section&nbsp;9.02(b) of the Credit Agreement provides that this Amendment may become effective with the consent of the parties hereto
(which, for the avoidance of doubt, includes the Required Lenders and/or affected Lenders (as applicable)) under the Credit Agreement immediately prior to the effectiveness of this Amendment), subject to the conditions set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, certain loans, commitments and/or other extensions of credit (the &#147;<U>Loans</U>&#148;) under the Credit Agreement denominated in
Dollars (the &#147;<U>Affected Currency</U>&#148;) incur or are permitted to incur interest, fees or other amounts based on the London Interbank Offered Rate as administered by the ICE Benchmark Administration (&#147;<U>LIBOR</U>&#148;) in
accordance with the terms of the Credit Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Administrative Agent, the Borrowers and the Lenders party hereto
comprising the requisite Lenders of the affected Class&nbsp;have determined in accordance with the Credit Agreement that LIBOR for the Affected Currency should be replaced with the applicable Benchmark Replacement for all purposes under the Credit
Agreement and any Loan Document and the parties to this Agreement hereby agree that such changes shall become effective on the Amendment No.&nbsp;5 Effective Date (as defined below); and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrowers have requested, by written notice to the Administrative Agent, an
incremental increase in commitments of up to $150,000,000 (the &#147;<U>Amendment No.</U><U></U><U>&nbsp;5 Incremental Increase</U>&#148;) under the Credit Agreement pursuant to <U>Section</U><U></U><U>&nbsp;2.09</U> of the Credit Agreement on the
terms set forth in this Amendment and certain financial institutions party hereto (the &#147;<U>Incremental Increase Lenders</U>&#148;) shall have agreed to provide the commitments in respect of the Amendment No.&nbsp;5 Incremental Increase set
forth opposite their name on Schedule 1 to this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the sufficiency and receipt of all of which is hereby acknowledged, the parties hereto hereby agree as follows: </P>