SEC Contract Filing

Filing Date: 2021-02-03

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d13603dex101.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>E<SMALL>XECUTION</SMALL> V<SMALL>ERSION</SMALL> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO AMENDED AND RESTATED 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">SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this &#147;<U>Amendment</U>&#148;), dated as of February&nbsp;1,
2021, among SILGAN HOLDINGS INC., a Delaware corporation (&#147;<U>Silgan</U>&#148;), SILGAN CONTAINERS LLC, a Delaware limited liability company (&#147;<U>Containers</U>&#148;), SILGAN PLASTICS LLC, a Delaware limited liability company
(&#147;<U>Plastics</U>&#148;), SILGAN CONTAINERS MANUFACTURING CORPORATION, a Delaware corporation (&#147;<U>Manufacturing</U>&#148;), SILGAN PLASTICS CANADA INC., an Ontario corporation (&#147;<U>Silgan Canada</U>&#148;), SILGAN INTERNATIONAL
HOLDINGS B.V., a private company with limited liability incorporated under the laws of The Netherlands (&#147;<U>Silgan International B.V.</U>&#148;, and together with Silgan, Containers, Plastics, Manufacturing and Silgan Canada, the
&#147;<U>Borrowers</U>&#148; and each individually, &#147;<U>Borrower</U>&#148;), the Guarantors (as defined in the Credit Agreement referred to below) party hereto, the Lenders (as defined below) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent (the &#147;<U>Administrative Agent</U>&#148;). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in the Credit Agreement (after
giving effect to this Amendment, the &#147;<U>Amended Credit Agreement</U>&#148;) referred to below. </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, the Borrowers, the lenders party thereto (the &#147;<U>Lenders</U>&#148;), the Administrative Agent and the other
parties thereto have entered into that certain Amended and Restated Credit Agreement, dated as of March&nbsp;24, 2017 (as amended prior to the date hereof, the &#147;<U>Credit Agreement</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Borrowers have requested, and subject to the terms and conditions set forth herein, the Administrative Agent and
each of the undersigned Lenders have agreed, to certain modifications of the Credit Agreement as 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">NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is agreed as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">SECTION&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to Credit Agreement</U>. As of the Second Amendment Effective Date
(defined below), and subject to and in accordance with the terms and 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">(a)&nbsp;&nbsp;&nbsp;&nbsp;The body of the Credit Agreement is hereby amended to (a)&nbsp;delete the stricken text (indicated
textually in the same manner as the following example: <FONT STYLE="font-family:Times New Roman; font-size:11pt" COLOR="#ff4338"><STRIKE>stricken text</STRIKE></FONT><FONT STYLE="font-family:Times New Roman">), (b) to add the double-underlined text
(indicated textually in the same manner as the following example: </FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt" COLOR="#1f3864"><U STYLE="border-bottom:1pt double; padding-bottom:1pt">double-underlined text</U></FONT><FONT
STYLE="font-family:Times New Roman">) and (c)&nbsp;move the green double-underlined text (indicated textually in the same manner as the following example:
</FONT><FONT STYLE="font-family:Times New Roman; font-size:11pt" COLOR="#00c000"><U STYLE="border-bottom:1pt double; padding-bottom:1pt">double-underlined text</U></FONT><FONT STYLE="font-family:Times New Roman">), in each case, as set forth in the
Amended Credit Agreement attached hereto as <U>Annex A</U>. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Schedules to the Credit
Agreement are amended to add a new <U>Schedule XIII</U> (Restructuring Transactions) thereto, as set forth on <U>Annex B</U> attached hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">SECTION&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Acknowledgement and Confirmation</U>. Each of the Credit Parties party hereto hereby
agrees that with respect to each Credit Document to which it is a party, after giving effect to the Amendment and the transactions contemplated hereunder: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;all of its obligations, liabilities and indebtedness under such Credit Document, including
gu