Credit Agreement

EX-4.7 2 c12738exv4w7.htm CREDIT AGREEMENT exv4w7
 

Exhibit 4.7
October 12, 2006
Re: Newell Rubbermaid Inc.
Credit Agreement dated as of November 14, 2005
     Reference is made to the Credit Agreement dated as of November 14, 2005 (as amended, the “Credit Agreement”) between Newell Rubbermaid Inc. (the “Company”), the Lenders party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent. Capitalized terms used herein without definition shall have the meanings assigned to them in the Credit Agreement.
     Section 2.12 of the Credit Agreement sets forth certain provisions applicable to an extension of the Commitment Termination Date. The parties to the Credit Agreement wish to make certain modifications to such provisions and, accordingly, agree that, notwithstanding the provisions of Section 2.12 of the Credit Agreement, in the event that any Lender shall deny (or be deemed to deny) any Extension Request thereunder, the Company shall have the right to replace such lender at any time thereunder, whether prior to, on or after the relevant Extension Date, with one or more other lenders (which may include any Lender) in each case with the consent of the Administrative Agent and each Issuing Bank (such consent in each case not to be unreasonably withheld), it being understood that any Person that becomes an Additional Commitment Lender shall provide a Commitment having the same Commitment Termination Date as the Lenders which agreed to such Extension Request.
     This letter shall be governed by, and construed in accordance with, the laws of the State of New York. This letter, which shall constitute a modification of the Credit Agreement, shall become effective upon receipt by the Administrative Agent of one or more counterparts hereof by the Company, the Administrative Agent and Lenders constituting the Majority Lenders. This letter may be executed in counterparts, and delivery of a counterpart signature page to this letter by facsimile shall be effective as delivery of an original manually executed counterpart of this letter.
         
  NEWELL RUBBERMAID INC.
 
 
  By:   /s/ Douglas L. Martin    
    Name:   Douglas L. Martin   
    Title:   Vice President - Treasurer   

 


 

         
             
 
           
    LENDERS
 
           
    JPMORGAN CHASE BANK, N.A.
    as a Lender and as the Administrative Agent    
 
           
 
  By:   /s/ Anthony W. White    
 
     
 
Name: Anthony W. White
   
 
      Title:   Vice President    
 
           
    BANK OF AMERICA, N.A.    
 
           
 
  By:   /s/ Sharon Burks Horos    
 
     
 
Name: Sharon Burks Horos
   
 
      Title:   Vice President    
 
           
    BARCLAYS BANK PLC    
 
           
 
  By:   /s/ David Barton    
 
     
 
Name: David Barton
   
 
      Title:   Associate Director    
 
           
    BNP P ARIBAS    
 
           
 
  By:   /s/ Andrew Strait    
 
     
 
Name: Andrew Strait
   
 
      Title:   Managing Director    
 
           
 
  By:   /s/ Tomasz Rydel    
 
     
 
Name: Tomasz Rydel
   
 
      Title:   Vice President    
 
           
    CITICORP USA, INC.    
 
           
 
  By:   /s/ Richard M. Levin    
 
     
 
Name: Richard M. Levin
   
 
      Title:   Director    

 


 

             
 
           
    LEHMAN COMMERCIAL PAPER INC.    
 
           
 
  By:   /s/ Janine M. Shugan    
 
     
 
Name: Janine M. Shugan
   
 
      Title:   Authorized Signatory    
 
           
    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.    
    CHICAGO BRANCH (f/k/a The Bank of Tokyo – Mitsubishi, Ltd., Chicago Branch)
 
           
 
  By:   /s/ Tsuguyuki Umene    
 
     
 
Name: Tsuguyuki Umene
   
 
      Title:   Deputy General Deputy    
 
           
    WILLIAM STREET COMMITMENT CORPORATION (Recourse only to assets of William Street Commitment Corporation)    
 
           
 
  By:   /s/ Mark Walton    
 
     
 
Name: Mark Walton
   
 
      Title:   Assistant Vice President    
 
           
    ING BANK, N.V., DUBLIN BRANCH    
 
           
 
  By:   /s/ Maurice Kenny    
 
     
 
Name: Maurice Kenny
   
 
      Title:   Vice President    
 
           
 
  By:   /s/ Aidan Neill    
 
     
 
Name: Aidan Neill
   
 
      Title:   Vice President    

 


 

             
 
           
    THE NORTHERN TRUST COMPANY    
 
           
 
  By:   /s/ Anu Agarwal    
 
     
 
Name: Anu Agarwal
   
 
      Title:   2nd Vice President    
 
           
    THE BANK OF NEW YORK    
 
           
 
  By:   /s/ Walter C. Parelli    
 
     
 
Name: Walter C. Parelli
   
 
      Title:   Vice President    
 
           
    NATIONAL AUSTRALIA BANK    
 
           
 
  By:   /s/ Eduardo Salazar    
 
     
 
Name: Eduardo Salazar
   
 
      Title:   Senior Vice President and Head of Corporate Banking    
 
           
    U.S. BANK, N.A.    
 
           
 
  By:   /s/ James N. DeVries    
 
     
 
Name: James N. DeVries
   
 
      Title:   Senior Vice President    

 


 

EXTENSION AGREEMENT
JPMorgan Chase Bank, N.A.,
   as Administrative Agent
   under the Credit Agreement
   referred to below
270 Park Avenue
New York, NY 10017
Gentlemen:
     The undersigned hereby agrees to extend, effective October 10, 2006, the Commitment Termination Date under the Credit Agreement dated as of November 14, 2005 (the “Credit Agreement”) among Newell Rubbermaid Inc., a Delaware corporation (the “Company”), the Lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), for one year to November 14, 2011. Terms defined in the Credit Agreement are used herein with the same meaning.
     This Extension Agreement shall be construed in accordance with and governed by the law of the State of New York.
             
 
  By:        
 
     
 
Name:
   
 
      Title:    
         
Agreed and accepted:    
 
       
NEWELL RUBBERMAID INC.    
 
       
By:
  /s/ Douglas L. Martin    
 
 
 
Name: Douglas L. Martin
   
 
  Title:  Vice President – Treasurer    
 
       
JPMORGAN CHASE BANK, N.A., as
      Administrative Agent
   
 
       
By:
  /s/ Anthony W. White    
 
 
 
Name: Anthony W. White
   
 
  Title:  Vice President    

 


 

This Extension Agreement was countersigned by the following parties:
             
 
           
    JPMORGAN CHASE BANK, N.A.    
 
           
 
  By:   /s/ Anthony W. White    
 
     
 
Name: Anthony W. White
   
 
      Title:   Vice President    
 
           
    BANK OF AMERICA, N.A.    
 
           
 
  By:   /s/ Sharon Burks Horos    
 
     
 
Name: Sharon Burks Horos
   
 
      Title:   Vice President    
 
           
    BARCLAYS BANK PLC    
 
           
 
  By:   /s/ David Barton    
 
     
 
Name: David Barton
   
 
      Title:   Associate Director    
 
           
    BNP P ARIBAS    
 
           
 
  By:   /s/ Andrew Strait    
 
     
 
Name: Andrew Strait
   
 
      Title:   Managing Director    
 
           
 
  By:   /s/ Christopher Grumboski    
 
     
 
Name: Christopher Grumboski
   
 
      Title:   Director    
 
           
    CITICORP USA, INC.    
 
           
 
  By:   /s/ Richard M. Levin    
 
     
 
Name: Richard M. Levin
   
 
      Title:   Director    

 


 

             
 
           
    LEHMAN COMMERCIAL PAPER INC.    
 
           
 
  By:   /s/ Janine M. Shugan    
 
     
 
Name: Janine M. Shugan
   
 
      Title:   Authorized Signatory    
 
           
    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.    
    CHICAGO BRANCH (f/k/a The Bank of Tokyo – Mitsubishi, Ltd., Chicago Branch)    
 
           
 
  By:   /s/ Tsuguyuki Umene    
 
     
 
Name: Tsuguyuki Umene
   
 
      Title:   Deputy General Manager    
 
           
    WILLIAM STREET COMMITMENT CORPORATION
(Recourse only to assets of William Street Commitment Corporation)
   
 
           
 
  By:   /s/ Mark Walton    
 
     
 
Name: Mark Walton
   
 
      Title:   Assistant Vice President    
 
           
    ING BANK, N.V., DUBLIN BRANCH    
 
           
 
  By:   /s/ Emma Condon    
 
     
 
Name: Emma Condon
   
 
      Title:   Manager    
 
           
 
  By:   /s/ Aidan Neill    
 
     
 
Name: Aidan Neill
   
 
      Title:   Vice President    

 


 

             
 
           
    THE NORTHERN TRUST COMPANY    
 
           
 
  By:   /s/ Lisa McDermott    
 
     
 
Name: Lisa McDermott
   
 
      Title:   Vice President    
 
           
    NATIONAL AUSTRALIA BANK LIMITED    
 
           
 
  By:   /s/ Eduardo Salazar    
 
     
 
Name: Eduardo Salazar
   
 
      Title:   Senior Vice President    
 
           
    U.S. BANK NATIONAL ASSOCIATION    
 
           
 
  By:   /s/ James N. DeVries    
 
     
 
Name: James N. DeVries
   
 
      Title:   Senior Vice President