$2,000,000,000 AMENDMENT NO. 2 dated as of May 7, 2007 to the Five-Year Credit Agreement dated as of May 20, 2004 among

EX-4.1 2 a07-19298_1ex4d1.htm EX-4.1

 

Exhibit 4.1

$2,000,000,000

AMENDMENT NO. 2

dated as of May 7, 2007

to the Five-Year Credit Agreement

dated as of May 20, 2004

among

Marathon Oil Corporation

The Co-Agents and Other Lenders Party Hereto

Bank of America, N.A.,
as Syndication Agent

Citibank, N.A. and
Morgan Stanley Bank,
as Documentation Agents,

and

JPMorgan Chase Bank, N.A.,
as Administrative Agent




 

AMENDMENT NO. 2 TO FIVE-YEAR CREDIT AGREEMENT

AMENDMENT dated as of May 7, 2007 to the Five-Year Credit Agreement dated as of May 20, 2004 (as heretofore amended, the “Credit Agreement”) among MARATHON OIL CORPORATION (the “Borrower”), the CO-AGENTS and other LENDERS (the “Lenders”) party hereto, BANK OF AMERICA, N.A., as Syndication Agent, CITIBANK, N.A. and MORGAN STANLEY BANK, as Documentation Agents and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”).

W I T N E S S E T H :

WHEREAS, the Borrower has requested an extension of the term of the Credit Agreement pursuant to Section 2.19 of the Credit Agreement; and

WHEREAS, the parties desire to memorialize such extension through this Amendment rather than through the documentary procedures set out in Section 2.19 of the Credit Agreement; and

WHEREAS, the parties hereto desire to amend Section 2.16(b) of the Credit Agreement as set forth herein;

NOW, THEREFORE, the parties hereto agree as follows:

Section 1Defined Terms; References.  Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Amendment becomes effective, refer to the Credit Agreement as amended hereby.

Section 2.  Amendment.  Section 2.16(b) of the Credit Agreement is amended by changing the amount specified therein from $2,500,000,000 to $3,000,000,000.

Section 3.  Extension of Termination Date.    The Termination Date is extended for a period of one-year to May 4, 2012, with respect to each Lender executing and delivering a counterpart hereof.

Section 4Representations of Borrower.  The Borrower represents and warrants that (i) the representations and warranties of the Borrower set forth in Article 4 of the Credit Agreement will be true on and as of the Amendment Effective Date and (ii) no Event of Default will have occurred and be continuing on such date.




 

Section 5.  Effect of Amendments.  Except as expressly set forth herein, the amendments contained herein shall not constitute a waiver or amendment of any term or condition of the Credit Agreement, and all such terms and conditions shall remain in full force and effect and are hereby ratified and confirmed in all respects.

Section 6Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

Section 7Counterparts.  This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

Section 8. Effectiveness. This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”), subject to satisfaction of the following conditions:

(a)           the Administrative Agent shall have received from the Borrower and from Lenders comprising the Required Lenders a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof; and

(b)           the Administrative Agent shall have received an opinion of the General Counsel or Assistant General Counsel of the Borrower dated as of the Amendment Effective Date, in form and substance satisfactory to the Administrative Agent.

 

3




IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

MARATHON OIL CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ P.C. Reinbolt

 

 

 

 

Name:

 

P.C. Reinbolt

 

 

 

 

Title:

 

VP Finance & Treasurer

 

 

 

Administrative Agent

 

 

 

 

 

 

 

 

 

JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Lender

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kevin J. Utsey

 

 

 

 

Name:

 

Kevin J. Utsey

 

 

 

 

Title:

 

Vice President

 

 

 

Syndication Agent

 

 

 

 

 

 

 

 

 

BANK OF AMERICA, N.A., as Syndication Agent and as Lender

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Ronald E. McKaig

 

 

 

 

Name:

 

Ronald E. McKaig

 

 

 

 

Title:

 

Senior Vice President

 

 

 

Documentation Agent

 

 

 

 

 

 

 

 

 

MORGAN STANLEY BANK, as a Documentation Agent and as Lender

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Daniel Twenge

 

 

 

 

Name:

 

Daniel Twenge

 

 

 

 

Title:

 

Authorized Signatory

 




 

 

CITIBANK, N.A., as a Documentation Agent and as Lender

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Amy Pincu

 

 

 

 

Name:

 

Amy Pincu

 

 

 

 

Title:

 

Attorney-in-Fact

 

 

 

Lenders

 

 

 

 

 

 

 

 

 

ABN AMRO BANK N.V.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Sheldon Stoughton

 

 

 

 

Name:

 

Sheldon Stoughton

 

 

 

 

Title:

 

Managing Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Joshua Wolf

 

 

 

 

Name:

 

Joshua Wolf

 

 

 

 

Title:

 

Director

 

 

 

BNP PARIBAS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Polly Schott

 

 

 

 

Name:

 

Polly Schott

 

 

 

 

Title:

 

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Robert Long

 

 

 

 

Name:

 

Robert Long

 

 

 

 

Title:

 

Vice President

 

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kelton Glasscock

 

 

 

 

Name:

 

Kelton Glasscock

 

 

 

 

Title:

 

Vice President & Manager

 




 

 

DEUTSCHE BANK AG NEW YORK BRANCH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Marcus Tarkington

 

 

 

 

Name:

 

Marcus Tarkington

 

 

 

 

Title:

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Rainer Meier

 

 

 

 

Name:

 

Rainer Meier

 

 

 

 

Title:

 

Vice President

 

 

 

LEHMAN BROTHERS BANK, FSB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Janine M. Shugan

 

 

 

 

Name:

 

Janine M. Shugan

 

 

 

 

Title:

 

Authorized Signatory

 

 

 

NATIONAL CITY BANK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Thomas E. Redmond

 

 

 

 

Name:

 

Thomas E. Redmond

 

 

 

 

Title:

 

Senior Vice President

 

 

 

THE BANK OF NOVA SCOTIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Andrew Ostrov

 

 

 

 

Name:

 

Andrew Ostrov

 

 

 

 

Title:

 

Director

 




 

 

SOCIETE GENERALE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kevin C. Joyce

 

 

 

 

Name:

 

Kevin C. Joyce

 

 

 

 

Title:

 

Vice President

 

 

 

FIFTH THIRD BANK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Mike Mondenav

 

 

 

 

Name:

 

Mike Mondenav

 

 

 

 

Title:

 

Vice President

 

 

 

THE BANK OF NEW YORK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ John-Paul Marotta

 

 

 

 

Name:

 

John-Paul Marotta

 

 

 

 

Title:

 

Managing Director

 

 

 

COMERICA BANK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Chuck Johnson

 

 

 

 

Name:

 

Chuck Johnson

 

 

 

 

Title:

 

Vice President

 

 




 

 

CREDIT SUISSE, Cayman Islands Branch,
formerly known as CREDIT SUISSE FIRST BOSTON

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Dodd

 

 

 

 

Name:

 

David Dodd

 

 

 

 

Title:

 

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Mikhail Faybusovich

 

 

 

 

Name:

 

Mikhail Faybusovich

 

 

 

 

Title:

 

Associate

 

 

 

DNB NOR BANK ASA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Erlend Bryn

 

 

 

 

Name:

 

Erlend Bryn

 

 

 

 

Title:

 

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Barbara Gronquist

 

 

 

 

Name:

 

Barbara Gronquist

 

 

 

 

Title:

 

Senior Vice President

 

 

 

MIZUHO CORPORATE BANK, LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ L. Mo

 

 

 

 

Name:

 

L. Mo

 

 

 

 

Title:

 

Senior Vice President

 

 

 

THE ROYAL BANK OF SCOTLAND PLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lucy Walker

 

 

 

 

Name:

 

Lucy Walker

 

 

 

 

Title:

 

Vice President

 




 

 

STANDARD CHARTERED BANK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Michael Gouvion

 

 

 

 

Name:

 

Michael Gouvion

 

 

 

 

Title:

 

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Robert K. Reddington

 

 

 

 

Name:

 

Robert K. Reddington

 

 

 

 

Title:

 

AVP Credit Documentation Credit Risk Control

 

 

 

SUMITOMO MITSUI BANKING CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ William M. Ginn

 

 

 

 

Name:

 

William M. Ginn

 

 

 

 

Title:

 

General Manager

 

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Allison Newman

 

 

 

 

Name:

 

Allison Newman

 

 

 

 

Title:

 

Vice President

 

 

 

WILLIAM STREET COMMITMENT CORPORATION (Recourse only to assets of William Street Commitment Corporation)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Mark Walton

 

 

 

 

Name:

 

Mark Walton

 

 

 

 

Title:

 

Assistant Vice-President

 




 

 

US BANK, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Frances W. Josephic

 

 

 

 

Name:

 

Frances W. Josephic

 

 

 

 

Title:

 

Vice President

 

 

 

BAYERISCHE LANDESBANK, acting through its Cayman Islands Branch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Nikolai von Mengden

 

 

 

 

Name:

 

Nikolai von Menden

 

 

 

 

Title:

 

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Donna M. Quilty

 

 

 

 

Name:

 

Donna M. Quilty

 

 

 

 

Title:

 

Vice President

 

 

 

RIYAD BANK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ William B. Shepard

 

 

 

 

Name:

 

William B. Shepard

 

 

 

 

Title:

 

General Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Paul N. Travis

 

 

 

 

Name:

 

Paul N. Travis

 

 

 

 

Title:

 

Vice President & Head of Corporate Finance

 




 

 

BANCO BILBAO VIZCAYA ARGENTARIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Emilio de las Heras

 

 

 

 

Name:

 

Emilio de las Heras

 

 

 

 

Title:

 

Head of New York

 

 

 

AMEGY BANK NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ W. Bryan Chapman

 

 

 

 

Name:

 

W. Bryan Chapman

 

 

 

 

Title:

 

Senior Vice President

 

 

 

ARAB BANKING CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Thomas Cahalane

 

 

 

 

Name:

 

Thomas Cahalane

 

 

 

 

Title:

 

Asst. GM/Admin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Rami El Rifai

 

 

 

 

Name:

 

Rami El Rifai

 

 

 

 

Title:

 

Vice President