SEC Contract Filing

Filing Date: 2025-01-06

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<TYPE>EX-10.4
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<DESCRIPTION>EX-10.4
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<DIV><FONT size="1" style="font-size:1pt;color:white">Execution Version AMENDMENT NO. 3 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT AMENDMENT dated as of January 2, 2025 (this &#8220;Amendment&#8221;) to the Amended and Restated Revolving Credit Agreement dated as of December 6, 2021 (as amended by that certain Amendment No. 1 to Amended and Restated Revolving Credit Agreement, dated as of March 30, 2023, that certain Commitment Extension Agreement and Amendment No. 2 to Amended and Restated Revolving Credit Agreement, dated as of February 29, 2024, and as further amended, amended and restated or otherwise modified prior to the date hereof, the &#8220;Existing Credit Agreement&#8221; and as amended hereby, the &#8220;Amended Credit Agreement&#8221;) among KENTUCKY UTILITIES COMPANY (the &#8220;Borrower&#8221;), the LENDERS party thereto (the &#8220;Lenders&#8221;) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and Swingline Lender (the &#8220;Agent&#8221;). W I T N E S S E T H : WHEREAS, (i) pursuant to Section 9.05 of the Existing Credit Agreement, the Borrower desires to amend the Existing Credit Agreement to (x) extend the scheduled Termination Date of certain Commitments to December 6, 2029 (the &#8220;Commitment Extension&#8221;) and (y) make certain other amendments as set forth in Section 2 below and (ii) pursuant to Section 2.19 of the Existing Credit Agreement, the Borrower requests to increase the aggregate Lenders&#8217; Commitments from $400,000,000 to $600,000,000 (the &#8220;Commitment Increase&#8221;). WHEREAS, the Lenders immediately prior to the Amendment No. 3 Effective Date (as defined below) (for the avoidance of doubt, after giving effect to the Assignment (as defined below)) that are party hereto signing as a Consenting Lender (the &#8220;Consenting Lenders&#8221;) constitute the Required Lenders and each agree to (i) extend the Termination Date with respect to its Commitments pursuant to the Commitment Extension, (ii) increase its aggregate Commitments pursuant to the Commitment Increase and agrees that, following the Amendment No. 3 Effective Date, such Consenting Lender&#8217;s aggregate Commitments shall be in the amounts set forth on Appendix A to the Amended Credit Agreement and (iii) make the amendments to the Existing Credit Agreement as set forth in Section 2 below, in each case, subject to the terms and conditions set forth herein (the amendments referred to in this clause (iii), the &#8220;Amendments). NOW, THEREFORE, the parties hereto agree as follows: Section 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein that is defined in the Amended Credit Agreement has the meaning assigned to such term in the Amended Credit Agreement. Each reference to &#8220;hereof&#8221;, &#8220;hereunder&#8221;, &#8220;herein&#8221; and &#8220;hereby&#8221; and each other similar reference and each reference to &#8220;this Agreement&#8221; and each other similar reference contained in the Existing Credit Agreement shall, after this Amendment becomes effective, refer to the Amended Credit Agreement. Exhibit 10.4 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 Section 2. Credit Agreement Amendments. With effect from and including the Amendment No. 3 Effective Date, the Existing Credit Agreement, including the schedules and appendices thereto, shall be amended to read in its entirety as set forth in the document attached as Exhibit A hereto. Section 3. Effectiveness. This Amendment shall become effective as of the first date when each of the following conditions are met (the &#8220;Amendment No. 3 Effective Date&#8221;): (a) the Agent shall have received from the Borrower, each Consenting Lender and the Non-Extending Lender (as defined below) a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Agent) that such party has signed a counterpart hereof; provided that notwithstanding the foregoing, the amendments set forth in Exhibit A shall not be effective on the Amendment No. 3 Effective Date unless the Agent shall have received from each Consenting Lender and the Non-Extending Lender a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Agent) that such party has signed a counterpart hereof; (b) the Agent shall have received a duly executed revised Note for the account of each Lender requesting delivery of such Note pursuant to Section 2.05 of the Amended Credit Agreement; (c) the Agent shall have received satisfactory opinions of counsel for the Borrower, dated the Amendment No. 3 Effective Date; (d) the Agent shall have received a certificate dated the Amendment No. 3 Effective Date signed on behalf of the Borrower by any Responsible Officer of the Borrower stating that (A) on the Amendment No. 3 Effective Date, before and after giving effect to this Amendment, no Default shall have occurred and be continuing, (B) the representations and warranties contained in the Amended Credit Agreement are true and correct on and as of the Amendment No. 3 Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct as of such earlier date