Wells Fargo Bank, N.A. Financial Products Telephone: (415) 222-2216 SECONDAMENDED AND RESTATED ISDA CONFIRMATION To: American Reprographics Company, L.L.C. and American Reprographics Company 700 North Central Avenue Suite 550 Glendale, CA 91203 Attention: Steve Biernbaum Telephone: (818) 500-0225 Fax: (818) 500-0195 From: Wells Fargo Bank, N.A. 550 California Street MAC A0112-121 San Francisco, CA 94104 Telephone: (415) 222-2216 Fax: (415) 986-2604 Re: USD 271,562,500.00 Interest Rate Swap Transaction (251987) Date: October 2, 2009

EX-10.2 4 c90789exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
Exhibit 10.2
     
Wells Fargo Bank, N.A.
  
Financial Products
 

Telephone: (415) 222-2216
  
SECOND AMENDED AND RESTATED
ISDA CONFIRMATION
     
To:
  American Reprographics Company, L.L.C. and American Reprographics Company
 
  700 North Central Avenue — Suite 550
 
  Glendale, CA 91203
 
  Attention: Steve Biernbaum
 
  Telephone: (818)  ###-###-####
 
  Fax: (818) 500-0195
 
    
From:
  Wells Fargo Bank, N.A.
 
  550 California Street
 
  MAC A0112-121
 
  San Francisco, CA 94104
 
  Telephone: (415)  ###-###-####
 
  Fax: (415) 986-2604
 
    
Re:
  USD 271,562,500.00 Interest Rate Swap Transaction (251987)
 
    
Date:
  October 2, 2009
Ladies and Gentlemen:
This Confirmation amends, supersedes and otherwise replaces in its entirety that certain Confirmation executed by Wells Fargo Bank, N.A. and sent to you with respect to the Transaction between Wells Fargo Bank, N.A. and American Reprographics Company, L.L.C. and American Reprographics Company dated October 2, 2009, as referenced by Trade ID Number 251987. The Schedule I field has been changed.
The purpose of this letter agreement is to confirm the terms and conditions of the transaction (“Transaction”) entered into between Wells Fargo Bank, N.A. (“Party A”) and American Reprographics Company, L.L.C., a California limited liability company and American Reprographics Company, a Delaware limited liability company (jointly and severally, “Party B”). This Transaction is effective at, and as of 12:01 a.m., California time, on the Trade Date specified below.
The definitions and provisions contained in the 2000 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc. (“ISDA”)), including the Annex to the 2000 ISDA Definitions (the “Definitions”), are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.
1. This confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of December 19, 2007, (as the same may be amended, modified or supplemented from time to time, the “Agreement”) between Party A and Party B. This communication itself constitutes a binding agreement setting forth the essential terms of the Transaction described herein. All provisions contained in the Agreement shall govern this Confirmation except as expressly modified below.
2. The terms of the particular Transaction to which this Confirmation relates are as follows:
     
Notional Amount:
  USD 271,562,500.00 (Initial Notional Amount — please refer to the attached Schedule I).
 
Trade Date:
  December 19, 2007.
 
Effective Date:
  March 31, 2008.
 
Termination Date:
  December 6, 2012, subject to adjustment in accordance with the Modified Following Business Day Convention.
 
Fixed Amounts
   
 
Fixed Rate Payer:
  Party B
Wells Fargo [251987]-[1374412]-[914977] page 1 of 5

 

 

 

     
Wells Fargo Bank, N.A.
  
Financial Products
 

Telephone: (415) 222-2216
  
     
Fixed Rate Payer Payment Dates:
 
The last day of each March, June, September, and December, beginning with June 30, 2008, continuing up to and including the Termination Date, subject to adjustment in accordance with the designated Business Day Convention.
 
    
Calculation Period:
  From the last day of each March, June, September, and December, up to the last day of the following quarter, continuing until the Termination Date, subject to adjustment in accordance with the designated Business Day Convention. The first Calculation Period will be March 31, 2008 to June 30, 2008.
 
    
Fixed Rate:
  4.1375%
 
    
Fixed Rate Day Count Fraction:
  Actual/360
 
    
Business Day Convention:
  Modified Following
               
Fees:
            
             
Fixed Amount Payer   Fixed Amount Payer Payment Date   Fixed Amount
 
Party B   10/05/2009   USD 795,200.00
     
Floating Amounts
    
 
    
Floating Rate Payer:
   Party A
 
    
Floating Rate Payer Payments Dates:
  
The last day of each March, June, September, and December, beginning with June 30, 2008, continuing up to and including the Termination Date, subject to adjustment in accordance with the designated Business Day Convention.
 
    
Calculation Period:
   From the last day of each March, June, September, and December, up to the last day of the following quarter, continuing until the Termination Date, subject to adjustment in accordance with the designated Business Day Convention. The first Calculation Period will be March 31, 2008 to June 30, 2008.
 
    
Floating Rate Option:
   USD-LIBOR-BBA
 
    
Rounding:
   The Floating Rate in effect for each Calculation Period shall be rounded up, if necessary, to the nearest 16th of one percent.
 
    
Designated Maturity:
   3 Month
 
    
Spread:
   None
 
    
Floating Rate Day Count Fraction:
   Actual/360
 
    
Floating Rate for Initial Calculation Period:
   To be determined.
 
    
Reset Dates:
   The last day of each March, June, September, and December, subject to adjustment in accordance with the designated Business Day Convention. The first Reset Date is March 31, 2008.
 
    
Rate Cut-off Date:
   Not Applicable.
 
    
Method of Averaging:
   Not Applicable.
 
    
Compounding:
   Not Applicable.
 
    
Business Day Convention:
   Modified Following
 
    
Business Days:
   London and New York City
 
    
Credit Support Document:
   As set forth in and pursuant to the Agreement.
 
    
Credit Support Provider for
Party B:
   As set forth in and pursuant to the Agreement.
Wells Fargo [251987]-[1374412]-[914977] page 2 of 5

 

 

 

     
Wells Fargo Bank, N.A.
  
Financial Products
 

Telephone: (415) 222-2216
  
     
Account Details:
    
 
Payments due to Party A:
   Party A will debit payment(s) to the following DDA account:
 
   ABA Number: 121000248
 
   DDA Number: 4038174405
 
    
Payments due to Party B:
   Party A will credit payment(s) to the following DDA account:
 
   ABA Number: 121000248
 
   DDA Number: 4038174405
 
    
Calculation Agent:
   Party A
3. Please confirm that the foregoing correctly sets forth the terms of our agreement by having an authorized officer sign one copy of this telecopy Confirmation and returning it to us by telecopier to:
Wells Fargo Bank, N.A.
Attention: Documentation Group
Fax: (415) 986-2604
4. Each party represents to the other party hereto that (i) it is not acting as a fiduciary or a financial or investment advisor for the other party; (ii) it is not relying upon any advice, counsel or representations (whether written or oral) of the other party other than the representations expressly set forth in the Master Agreement, any Credit Support Document and herein; (iii) the other party hereto has not given to it any advice or counsel as to the expected or projected success, return, performance, result, consequence or benefit (either legal, regulatory, tax, financial, accounting, or otherwise) of this Transaction; (iv) it has consulted with its own legal, regulatory, tax, business, investment financial and accounting advisors to the extent it has deemed necessary and has made its own investment, hedging, and trading decisions (including decisions regarding the suitability of this Transaction) based upon its own judgment and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the other party hereto; (v) it has determined that the rates, prices, or amounts and other terms of this Transaction in the indicative quotations (if any) provided by the other party hereto reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arms length negotiations between the parties; (vi) it is entering into this Transaction with a full understanding of all of the terms, conditions and risks thereof (economic and otherwise), and it is capable of assuming and willing to assume (financially and otherwise) those risks; and (vii) it is a sophisticated investor.
Wells Fargo [251987]-[1374412]-[914977] page 3 of 5

 

 

 

     
Wells Fargo Bank, N.A.
  
Financial Products
 
 
 
Telephone: (415) 222-2216
  
Yours sincerely,
         
 
       
Wells Fargo Bank, N.A.    
 
        
By: 
/s/ Mark Khalil    
 
     
 
Name:  Mark Khalil    
 
Its: Authorized Signatory    
 
        
Accepted and confirmed as of the Trade Date:    
 
        
American Reprographics Company, L.L.C.,
a California limited liability company		    
 
        
By: 
/s/ Jonathan Mather    
 
     
 
Name:  Jonathan Mather    
Its: CFO    
 
        
American Reprographics Company,
a Delaware limited liability company		    
 
        
By: 
/s/ Jonathan Mather    
 
     
 
Name:  Jonathan Mather    
Its:  CFO    
Wells Fargo [251987]-[1374412]-[914977] page 4 of 5

 

 

 

     
Wells Fargo Bank, N.A.
  
Financial Products
 

Telephone: (415) 222-2216
  
Schedule I for Transaction 251987:
Net Cash Flows
                                         
Start Date   End Date     Rate Fix Date     Payment Date     Notional   Notional Change
03/31/2008
     06/30/2008       03/27/2008       06/30/2008     USD 271,562,500.00    
06/30/2008
     09/30/2008       06/26/2008       09/30/2008     USD 268,125,000.00   USD 3,437,500.00
09/30/2008
     12/31/2008       09/26/2008       12/31/2008     USD 264,687,500.00   USD 3,437,500.00
12/31/2008
     03/31/2009       12/29/2008       03/31/2009     USD 261,250,000.00   USD 3,437,500.00
03/31/2009
     06/30/2009       03/27/2009       06/30/2009     USD 256,093,750.00   USD 5,156,250.00
06/30/2009
     09/30/2009       06/26/2009       09/30/2009     USD 250,937,500.00   USD 5,156,250.00
09/30/2009
     12/31/2009       09/28/2009       12/31/2009     USD 210,781,250.00   USD 40,156,250.00
12/31/2009
     03/31/2010       12/29/2009       03/31/2010     USD 205,625,000.00   USD 5,156,250.00
03/31/2010
     06/30/2010       03/29/2010       06/30/2010     USD 203,541,666.00   USD 2,083,334.00
06/30/2010
     09/30/2010       06/28/2010       09/30/2010     USD 201,458,332.00   USD 2,083,334.00
09/30/2010
     12/31/2010       09/28/2010       12/31/2010     USD 199,374,998.00   USD 2,083,334.00
12/31/2010
     03/31/2011       12/29/2010       03/31/2011     USD 185,625,000.00   USD 13,749,998.00
03/31/2011
     06/30/2011       03/29/2011       06/30/2011     USD 177,455,357.00   USD 8,169,643.00
06/30/2011
     09/30/2011       06/28/2011       09/30/2011     USD 169,285,714.00   USD 8,169,643.00
09/30/2011
     12/30/2011       09/28/2011       12/30/2011     USD 161,116,071.00   USD 8,169,643.00
12/30/2011
     03/30/2012       12/28/2011       03/30/2012     USD 152,946,428.00   USD 8,169,643.00
03/30/2012
     06/29/2012       03/28/2012       06/29/2012     USD 123,727,678.00   USD 29,218,750.00
06/29/2012
     09/28/2012       06/27/2012       09/28/2012     USD 94,508,928.00   USD 29,218,750.00
09/28/2012
     12/06/2012       09/26/2012       12/06/2012     USD 65,290,178.00   USD 29,218,750.00
Wells Fargo [251987]-[1374412]-[914977] page 5 of 5