SEC Contract Filing

Filing Date: 2024-04-25

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>gldd-ex10_1.htm
<DESCRIPTION>EX-10.1
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 <div class="section-group" style="margin:auto;padding-left:1in;width:6.5in;padding-right:1in;"><div class="page" style="flex-direction:column;display:flex;min-height:11in;"><div style="margin-left:-1in;position:relative;"><div style="transform:translate(0px, 0px) rotate(0.0deg);z-index:1;overflow:hidden;top:11.63in;left:0;width:6.5in;position:absolute;height:0.30000000000000004in;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:8.5pt;font-family:Arial;min-width:fit-content;"> IF &#34;&#34; = &#34;2&#34; &#34;</font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:8.5pt;font-family:Arial;min-width:fit-content;">Error! Unknown document property name.</font><font style="color:#000000;white-space:pre-wrap;font-size:8.5pt;font-family:Arial;min-width:fit-content;">&#34; &#34;&#34;</font><font style="color:#000000;white-space:pre-wrap;font-size:8.5pt;font-family:Arial;min-width:fit-content;"> </font></p></div></div><div style="padding-top:0.5in;min-height:1in;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">Exhibit 10.1</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><img src="img215423967_0.jpg" alt="img215423967_0.jpg" style="width:172px;height:17px;">&#160;</p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">SECOND LIEN CREDIT AGREEMENT<br><br>dated as of April 24, 2024<br><br>by and among<br><br>GREAT LAKES DREDGE &amp; DOCK CORPORATION<br>as Borrower,<br><br>GREAT LAKES DREDGE &amp; DOCK COMPANY, LLC<br>NASDI HOLDINGS, LLC</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:center;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">GREAT LAKES ENVIRONMENTAL &amp; INFRASTRUCTURE SOLUTIONS, LLC<br>GREAT LAKES U.S. FLEET MANAGEMENT, LLC and<br>DREWS SERVICES LLC<br>as Guarantors,<br><br><br>VARIOUS LENDERS FROM TIME TO TIME PARTY HERETO,<br><br></font><font style="color:#000000;white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">and<br><br></font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">GUGGENHEIM CREDIT SERVICES, LLC,<br>as Administrative Agent, Collateral Agent, and Lead Arranger</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations under this Agreement, the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of April 24, 2024, (as amended, restated, supplemented, or otherwise modified from time to time, the &#x201c;</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Intercreditor Agreement</font><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#x201d;), by and between PNC Bank, National Association, as First Lien Agent, and Guggenheim Credit Services, LLC, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control.</font></p><div style="flex-grow:1;"></div><div style="flex-direction:column;display:flex;padding-bottom:0.5in;min-height:1in;justify-content:flex-end;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p></div></div>
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