Credit Agreement Existing Maturity Date Extension Consent, dated February 1, 2024, among the Company, the Lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent
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EX-10.1 2 nfg-3312024xexhibit101.htm EX-10.1 Document
Exhibit 10.1
February 1, 2024
JPMorgan Chase Bank, N.A.,
as Administrative Agent
JPMorgan Chase Bank, N.A.
10 South Dearborn, Floor L2S
Chicago, IL 60603-2300
Attention: Haley Ripich
National Fuel Gas Company:
Existing Maturity Date Extension Consent
Existing Maturity Date Extension Consent
Ladies and Gentlemen:
Reference is made to the Credit Agreement dated as of February 28, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among National Fuel Gas Company (the “Borrower”), the Lenders party thereto, and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent for the Lenders (in such capacity, and together with its branches and affiliates, the “Administrative Agent”). Terms used herein and not otherwise defined herein have the same meanings ascribed to such terms in the Credit Agreement.
Pursuant to Section 2.21(a) of the Credit Agreement, the Borrower has requested to extend the Existing Maturity Date from February 26, 2027 to February 25, 2028, and each of the Lenders party hereto hereby notifies the Administrative Agent as follows:
Effective as of February 7, 2024, the Lender named below desires to extend the Existing Maturity Date with respect to its Commitment for a period of one year, expiring February 25, 2028.
Notwithstanding the requirements of Section 2.21(a) and (d) of the Credit Agreement, each Lender named below hereby agrees that (i) such Lender shall be an Extending Lender, (ii) the effective date of the extension of such Lender’s Existing Maturity Date shall be February 7, 2024, (iii) the Response Date in connection with this extension shall be February 1, 2024 and (iv) the certificate required to be delivered by the Borrower pursuant to Section 2.21(d)(i) of the Credit Agreement shall be dated as of February 7, 2024. For the avoidance of doubt, each Lender party hereto agrees that the request delivered by the Borrower in connection with this extension on January 18, 2024 satisfies the notice requirement in Section 2.21(a) of the Credit Agreement, and that this extension constitutes the first of two permitted extensions of the Maturity Date under Section 2.21(a) of the Credit Agreement.
[Remainder of Page Intentionally Left Blank]
This notice is subject in all respects to the terms of the Credit Agreement and is irrevocable.
Very truly yours,
JPMORGAN CHASE BANK, N.A., as | |||||
Administrative Agent, as Lender, as Swingline | |||||
Lender and as an Issuing Bank | |||||
By:_____/s/Hadrien Chain_______ | |||||
Name: Hadrien Chain | |||||
Title: Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
BANK OF AMERICA, N.A., as Lender and as an | |||||
Issuing Bank | |||||
By:___/s/Matt Smith_______ | |||||
Name: Matt Smith | |||||
Title: Senior Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
HSBC BANK USA,NATIONAL ASSOCIATION, | |||||
as Lender and as an Issuing Bank | |||||
By:___/s/Jay Fort_______ | |||||
Name: Jay Fort | |||||
Title: Director | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
WELLS FARGO BANK, NATIONAL | |||||
ASSOCIATION, as Lender and as an Issuing Bank | |||||
By:___/s/Patrick Engel_______ | |||||
Name: Patrick Engel | |||||
Title: Managing Director | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
CANADIAN IMPERIAL BANK OF | |||||
COMMERCE, NEW YORK BRANCH, as Lender | |||||
By:___/s/Amit Vasani_______ | |||||
Name: Amit Vasani | |||||
Title: Authorized Signatory | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
KEYBANK NATIONAL ASSOCIATION, as | |||||
Lender | |||||
By:___/s/ Peter Leonard_______ | |||||
Name: Peter Leonard | |||||
Title: Senior Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
PNC NATIONAL ASSOCIATION, as | |||||
Lender | |||||
By:___/s/ Denise Davis_______ | |||||
Name: Denise Davis | |||||
Title: Managing Director | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
U.S. BANK NATIONAL ASSOCIATION, as | |||||
Lender | |||||
By:___/s/ Luke Fernie_______ | |||||
Name: Luke Fernie | |||||
Title: Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
COMERICA BANK, N.A., as Lender | |||||
By:___/s/ Robert Wilson_______ | |||||
Name: Robert Wilson | |||||
Title: Senior Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
M&T BANK CORPORATION, as Lender | |||||
By:___/s/ Marc DeGiulio_______ | |||||
Name: Marc DeGiulio | |||||
Title: Senior Vice President | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
THE TORONTO-DOMINION BANK, NEW | |||||
YORK BRANCH, as Lender | |||||
By:___/s/ Evans Swann_______ | |||||
Name: Evans Swann | |||||
Title: Authorized Signatory | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)
Accepted and agreed as of February 1, 2024:
NATIONAL FUEL GAS COMPANY, | |||||
as Borrower | |||||
By:___/s/Timothy J. Silverstein_________ | |||||
Name: Timothy J. Silverstein | |||||
Title: Treasurer and Principal Financial Officer | |||||
Signature Page to Existing Maturity Date Extension Consent
(National Fuel Gas Company)