SEC Contract Filing

Filing Date: 2025-02-28

Document Content:
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<TYPE>EX-10.47
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<FILENAME>perrigo-tlbrefinancingxa.htm
<DESCRIPTION>EX-10.47
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<DIV><FONT size="1" style="font-size:1pt;color:white">Execution Version This AMENDMENT NO. 2 (this &#8220;Amendment No. 2&#8221;), dated as of December 13, 2024 and entered into by and among Perrigo Investments, LLC, a Delaware limited liability company (the &#8220;Borrower&#8221;), Perrigo Company PLC, a public limited company organized under the laws of Ireland (the &#8220;Parent&#8221;), the other Guarantors party hereto, the 2024 Refinancing Term B Lenders (as defined below) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the &#8220;Administrative Agent&#8221;), amends and is made pursuant to that certain Credit Agreement, dated as of April 20, 2022 (as amended by Amendment No. 1 and Incremental Assumption Agreement, dated as of December 15, 2023, and as further amended, restated, supplemented, waived or otherwise modified from time to time prior to the date hereof, the &#8220;Credit Agreement&#8221;), by and among the Borrower, the Parent, the lenders from time to time party thereto, the Administrative Agent and the other agents party thereto. W I T N E S S E T H : WHEREAS, the Borrower has requested an amendment to the Credit Agreement pursuant to which certain provisions of the Credit Agreement will be amended as set forth herein; WHEREAS, the Borrower has appointed JPMorgan Chase Bank, N.A. (&#8220;JPM&#8221;) to act as left lead joint arranger and bookrunner, BofA Securities, Inc., Wells Fargo Bank, National Association, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., HSBC Securities (USA) Inc. and Morgan Stanley Senior Funding, Inc. to act as joint lead arrangers and joint bookrunners (in such capacities, together with JPM in its capacity as left lead joint arranger and bookrunner, the &#8220;Amendment No. 2 Arrangers&#8221;) for this Amendment No. 2; WHEREAS, the Borrower has requested pursuant to Section 2.23 of the Credit Agreement, by written notice to the Administrative Agent, to establish a new tranche of Refinancing Term Loans (the &#8220;2024 Refinancing Term B Loans&#8221;) to refinance all Term B Loans (including the Initial Term B Loans and the 2023 Incremental Term B Loans, collectively) outstanding under the Credit Agreement immediately prior to the effectiveness of this Amendment No. 2 (the &#8220;Existing Term B Loans&#8221;) in an aggregate principal amount of $984,721,517.19; WHEREAS, subject to the terms and conditions herein, (i) each Term B Lender with Existing Term B Loans (each, an &#8220;Existing Term B Lender&#8221;) who executes a consent to this Amendment No. 2 (substantially in the form attached hereto as Exhibit A, the &#8220;Consent&#8221;) by 5:00 pm New York City time on December 9, 2024 (the &#8220;Consent Deadline&#8221;) has agreed to convert the entire principal amount (or such lesser amount as determined by the Administrative Agent and the Borrower in their sole discretion) of its Existing Term B Loans outstanding immediately prior to the Amendment No. 2 Effective Date (as defined below) into 2024 Refinancing Term B Loans in accordance with the terms and subject to the conditions set forth herein and Section 2.03(c) of the Credit Agreement (each such Term B Lender, a &#8220;Converting 2024 Refinancing Term B Lender&#8221; and their 2024 Refinancing Term B Loans so converted, the &#8220;Converted 2024 Refinancing Loans&#8221;) and (ii) any Existing Term B Lender who does not execute and deliver a consent to this Amendment No. 2 (each such Term B Lender, a &#8220;Non-Accepting Term B Lender&#8221;) will not have its Existing Term B Loans so converted; WHEREAS, on the Amendment No. 2 Effective Date, the Borrower intends to incur pursuant to Section 2.23 of the Credit Agreement, 2024 Refinancing Term B Loans in an aggregate principal amount of $101,579,957.09 (the &#8220;Additional 2024 Refinancing Term B Loans&#8221;), the proceeds of which will be used to repay, in accordance with Section 2.11(b) of the Credit Agreement, all of the Existing Term B Loans of the Non-Accepting Term B Lenders; WHEREAS, subject to the terms and conditions set forth herein, each Person party hereto who has delivered a signature page as a Term B Lender in the capacity of an Additional 2024 Refinancing </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 Term B Lender is agreeing to provide Additional 2024 Refinancing Term Loans (each such Person, an &#8220;Additional 2024 Refinancing Term B Lender&#8221; and together with the Converting 2024 Refinancing Term B Lenders, the &#8220;2024 Refinancing Term B Lenders&#8221;) and has agreed to provide a commitment (the &#8220;Additional 2024 Refinancing Term B Commitments&#8221;) in an amount set forth next to its name on Schedule A attached hereto; WHEREAS, in furtherance of the foregoing and in accordance with Sections 2.23 and 9.08 of the Credit Agreement, the Parent, the 2024 Refinancing Term B Lenders and the Administrative Agent have agreed to amend the Credit Agreement to effect the incurrence of the Additional 2024 Refinancing Term B Commitments and the 2024 Refinancing Term B Loans as hereinafter set forth and to make certain other changes as set forth herein and in the Amended Credit Agreement; and NOW, THEREFORE, in consideration of the premises contained herein, the parties hereto agr