SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>9
<FILENAME>swx123118ex1030.htm
<DESCRIPTION>EXHIBIT 10.30
<TEXT>
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<div><a name="sBD8D7CE8379AF5460BCF26D4282C013E"></a></div><div><div style="line-height:130%;padding-bottom:10px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EXECUTION VERSION</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">FIRST AMENDMENT TO CREDIT AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Dated as of November 30, 2018</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This FIRST AMENDMENT TO CREDIT AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is by and among CENTURI CONSTRUCTION GROUP, INC., a Nevada corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;), NPL CONSTRUCTION CO., a Nevada corporation, MERITUS GROUP, INC., a Nevada corporation and VISTUS CONSTRUCTION GROUP LLC, a Nevada limited liability company, as US Borrowers, LYNXUS CONSTRUCTION GROUP INC., a corporation organized under the laws of the Province of Ontario, Canada,</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:11pt;">as Canadian Borrower, the other Credit Parties party hereto, the lenders party hereto (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Statement of Purpose</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company, the lenders party thereto (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Existing Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the other Credit Parties party thereto and the Administrative Agent are parties to the Amended and Restated Credit Agreement dated as of November 7, 2017 (as amended, restated, supplemented or otherwise modified from time to time to date, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), pursuant to which the Existing Lenders have extended certain credit facilities to the Borrowers, including the Initial US Term Loan to Meritus. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, Meritus proposes to acquire a majority of the Equity Interests of Linetec pursuant to the Linetec Purchase Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company has requested that the Administrative Agent and the Lenders agree to amend the Credit Agreement as more specifically set forth herein, </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">inter alia</font><font style="font-family:inherit;font-size:11pt;">, to provide for (a) a new term loan to Meritus in an aggregate principal amount of $170,000,000 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Initial US Term-2 Loan</font><font style="font-family:inherit;font-size:11pt;">&#8221;) to be funded on the Effective Date (as defined below), (b) an increase to the aggregate Revolving Commitments to an aggregate principal amount of $325,000,000, (c) an extension of the maturity date of the Credit Facilities as set forth herein and (d) certain other modifications set forth herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the proceeds of the Initial US Term-2 Loan will be used to (a) refinance in full the outstanding principal amount of the Initial US Term Loan and (b) finance a portion of the purchase price of the Linetec Acquisition. The effectiveness of this Amendment, the consummation of the Linetec Acquisition, the funding of the Initial US Term-2 Loan and payment of fees and expenses in connection with each of the foregoing are hereafter referred to as the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">First Amendment Transactions</font><fon