FOURTH SUPPLEMENTAL INDENTURE dated as of May 15, 2012 between RITE AID CORPORATION, THE SUBSIDIARY GUARANTORS NAMED HERETO and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. formerly known as The Bank of New York Trust Company, N.A. to the AMENDED AND RESTATED INDENTURE (As Amended by the First through Third Supplemental Indentures Thereto) dated as of June 4, 2007 between RITE AID CORPORATION and THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee 9.375% SENIOR NOTES DUE 2015
Exhibit 4.3
FOURTH SUPPLEMENTAL INDENTURE
dated as of May 15, 2012
between
RITE AID CORPORATION,
THE SUBSIDIARY GUARANTORS NAMED HERETO
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
formerly known as The Bank of New York Trust Company, N.A.
to the
AMENDED AND RESTATED INDENTURE
(As Amended by the First through Third Supplemental Indentures Thereto)
dated as of June 4, 2007
between
RITE AID CORPORATION
and
THE BANK OF NEW YORK TRUST COMPANY, N.A.,
as Trustee
9.375% SENIOR NOTES DUE 2015
THIS FOURTH SUPPLEMENTAL INDENTURE (the Fourth Supplemental Indenture), dated as of May 15, 2012, among Rite Aid Corporation, a Delaware corporation (the Company), each of the subsidiary guarantors of the Company listed on Schedule I hereto (the Subsidiary Guarantors) and The Bank of New York Mellon Trust Company, N.A. (the Trustee), as Trustee under the Indenture referred to below.
W I T N E S S E T H :
WHEREAS, the Company has heretofore executed and delivered an Amended and Restated Indenture dated as of June 4, 2007, as amended by the First Supplemental Indenture thereto, dated as of July 9, 2008 (the First Supplemental Indenture), the Second Supplemental Indenture thereto, dated as of July 12, 2009 (the Second Supplemental Indenture) and the Third Supplemental Indenture thereto, dated as of June 6, 2011 (the Third Supplemental Indenture) and the Amended and Restated Indenture, as amended by the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the Indenture) between the Company, each of the Subsidiary Guarantors and the Trustee, pursuant to which the Company has issued its 9.375% Senior Notes due 2015 (the Notes) and such Subsidiary Guarantors have provided subsidiary guarantees (the Notes together with the subsidiary guarantees, the Securities);
WHEREAS, Section 9.02 of the Indenture provides that, subject to certain conditions, the Company, the Subsidiary Guarantors and the Trustee may amend the Indenture or the Securities with the consent of the Holders of at least a majority in aggregate principal amount of the Securities then outstanding;
WHEREAS, the Company and each of the Subsidiary Guarantors are undertaking to execute and deliver this Fourth Supplemental Indenture to amend certain terms and covenants in the Indenture in connection with the Offer to Purchase and Consent Solicitation Statement of the Company, dated as of May 3, 2012, and any amendments, modifications or supplements thereto (the Tender Offer and Solicitation);
WHEREAS, the Board of Directors of the Company and the Boards of Directors, Boards of Managers or Partners of the Subsidiary Guarantors have authorized and approved the execution and delivery of this Fourth Supplemental Indenture;
WHEREAS, at least a majority of Holders have consented to this Fourth Supplemental Indenture; and
WHEREAS, all acts and requirements necessary to make this Fourth Supplemental Indenture the legal, valid and binding obligation of the Company and Subsidiary Guarantors have been done.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
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ARTICLE I
CAPITALIZED TERMS
Section 1.01 Amendments to the Indenture. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
ARTICLE II
AMENDMENTS AND WAIVERS
Section 2.01 Amendments to the Indenture. Effective at the time of payment or deposit with DTC (the Payment Date) of an amount of money sufficient to pay for all Notes validly tendered and accepted pursuant to the Tender Offer and Solicitation (or at least a majority of outstanding Notes if payment is being made pursuant to any early settlement under the Tender Offer and Solicitation) and to make all consent payments required under the Tender Offer and Solicitation:
(i) The Indenture is hereby amended to delete in their entirety Section 4.02 (SEC Reports), Section 4.03 (Limitation on Debt), Section 4.04 (Limitation on Restricted Payments), Section 4.05 (Limitation on Liens), Section 4.06 (Limitation on Asset Sales), Section 4.07 (Limitation on Restrictions on Distributions from Restricted Subsidiaries), Section 4.08 (Limitation on Transactions with Affiliates), Section 4.09 (Guarantees by Subsidiaries), Section 4.10 (Limitation on Sale and Leaseback Transactions), Section 4.11 (Designation of Restricted and Unrestricted Subsidiaries), and clauses (4) and (5) of Section 5.01(a) (When Company May Merge or Transfer Assets);
(ii) The failure to comply with the terms of any of the Sections of the Indenture set forth in clause (i) above shall no longer constitute a Default or an Event of Default under the Indenture and shall no longer have any other consequence under the Indenture;
(iii) The Indenture is hereby amended to delete clauses (d), (e) and (h) of Section 6.01 (Events of Default) in their entirety and all references thereto contained in Section 6.01 and elsewhere in the Indenture in their entirety, and the occurrence of the events described in clauses (d), (e) and (h) of Section 6.01 shall no longer constitute Events of Default;
(iv) All definitions set forth in Section 1.01 of the Indenture that relate to defined terms used solely in sections deleted by this Fourth Supplemental Indenture are hereby deleted in their entirety; and
(v) All references to Sections 5.01 and 6.01 of the Indenture shall mean Sections 5.01 and 6.01 as amended by this Fourth Supplemental Indenture.
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ARTICLE III
MISCELLANEOUS
Section 3.01 Ratification of Indenture; Fourth Supplemental Indenture Part of Indenture.
(i) Except as expressly supplemented hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Fourth Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the Securities heretofore or hereafter authenticated and delivered shall be bound hereby. In the event of a conflict between the terms and conditions of the Indenture and the terms and conditions of this Fourth Supplemental Indenture, then the terms and conditions of this Fourth Supplemental Indenture shall prevail.
(ii) The Notes include certain of the foregoing provisions from the Indenture. Upon the operative date of this Fourth Supplemental Indenture, such provisions from the Notes shall be deemed deleted or amended as applicable.
(iii) Notwithstanding an earlier execution date, the provisions of this Fourth Supplemental Indenture shall not become operative until the time and date upon which the Company has accepted for purchase Securities from all Holders who have validly tendered and not validly withdrawn their Securities pursuant to the terms of the Tender Offer and Consent Solicitation (which may be made on an early settlement date).
(iv) The Indenture, as amended by this Fourth Supplemental Indenture, is subject to the mandatory provisions of the TIA, which are incorporated by reference and made a part of the Indenture, as so amended.
Section 3.02 Governing Law.
THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FOURTH SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
Section 3.03 Trustee Makes No Representation.
The recitals contained herein are those of the Company and the Subsidiary Guarantors and not the Trustee, and the Trustee assumes no responsibility for the correctness of same. The Trustee makes no representations as to the validity or sufficiency of this Fourth Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Fourth Supplemental Indenture.
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Section 3.04 Counterparts.
The parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
Section 3.05 Effect of Headings.
The section headings herein are for convenience only and shall not effect the construction thereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed as of the date first written above.
| RITE AID CORPORATION | ||
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| By: | /s/ Marc A. Strassler | |
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| Name: | Marc A. Strassler |
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| Title: | Executive Vice President, |
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| General Counsel and Secretary |
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| EACH OF THE SUBSIDIARY GUARANTORS LISTED ON SCHEDULE I HERETO | ||
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| By: | /s/ Marc A. Strassler | |
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| Name: | Marc A. Strassler |
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| Title: | Authorized Person |
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| THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||
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| By: | /s/ Linda Garcia | |
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| Name: | Linda Garcia |
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| Title: | Vice President |
Schedule I
SUBSIDIARY GUARANTORS
112 Burleigh Avenue Norfolk, LLC |
1515 West State Street Boise, Idaho, LLC |
1740 Associates, LLC |
3581 Carter Hill RoadMontgomery Corp. |
4042 Warrensville Center RoadWarrensville Ohio, Inc. |
5277 Associates, Inc. |
5600 Superior Properties, Inc. |
657-659 Broad St. Corp. |
764 South BroadwayGeneva, Ohio, LLC |
Ann & Government StreetsMobile, Alabama, LLC |
Apex Drug Stores, Inc. |
Broadview and WallingsBroadview Heights Ohio, Inc. |
Central Avenue & Main Street Petal-MS, LLC |
Eagle Managed Care Corp. |
Eckerd Corporation |
EDC Drug Stores, Inc. |
Eighth and Water StreetsUrichsville, Ohio, LLC |
England StreetAsheland Corporation |
Fairground, LLC |
GDF, Inc. |
Genovese Drug Stores, Inc. |
Gettysburg and HooverDayton, Ohio, LLC |
Harco, Inc. |
JCG (PJC) USA, LLC |
JCG Holdings (USA), Inc. |
K&B Alabama Corporation |
K&B Louisiana Corporation |
K&B Mississippi Corporation |
K&B Services, Incorporated |
K&B Tennessee Corporation |
K&B Texas Corporation |
K&B, Incorporated |
Keystone Centers, Inc. |
Lakehurst and Broadway Corporation |
Maxi Drug North, Inc. |
Maxi Drug South, L.P. |
Maxi Drug, Inc. |
Maxi Green, Inc. |
Mayfield & Chillicothe RoadsChesterland, LLC |
Munson & Andrews, LLC |
Name Rite, LLC |
Northline & DixToledoSouthgate, LLC |
P.J.C. Distribution, Inc. |
P.J.C. Realty Co., Inc. |
Patton Drive and Navy Boulevard Property Corporation |
Paw Paw Lake Road & Paw Paw Avenue-Coloma, Michigan, LLC |
PDS-1 Michigan, Inc. |
Perry Distributors, Inc. |
Perry Drug Stores, Inc. |
PJC Dorchester Realty LLC |
PJC East Lyme Realty LLC |
PJC Haverhill Realty LLC |
PJC Hermitage Realty LLC |
PJC Hyde Park Realty LLC |
PJC Lease Holdings, Inc. |
PJC Manchester Realty LLC |
PJC Mansfield Realty LLC |
PJC New London Realty LLC |
PJC of Massachusetts, Inc. |
PJC of Rhode Island, Inc. |
PJC of Vermont, Inc. |
PJC Peterborough Realty LLC |
PJC Providence Realty LLC |
PJC Realty MA, Inc. |
PJC Realty N.E. LLC |
PJC Revere Realty LLC |
PJC Special Realty Holdings, Inc. |
RamUtica, Inc. |
RDS Detroit, Inc. |
READs Inc. |
Rite Aid Drug Palace, Inc. |
Rite Aid Hdqtrs. Corp. |
Rite Aid Hdqtrs. Funding, Inc. |
Rite Aid of Alabama, Inc. |
Rite Aid of Connecticut, Inc. |
Rite Aid of Delaware, Inc. |
Rite Aid of Florida, Inc. |
Rite Aid of Georgia, Inc. |
Rite Aid of Illinois, Inc. |
Rite Aid of Indiana, Inc. |
Rite Aid of Kentucky, Inc. |
Rite Aid of Maine, Inc. |
Rite Aid of Maryland, Inc. |
Rite Aid of Massachusetts, Inc. |
Rite Aid of Michigan, Inc. |
Rite Aid of New Hampshire, Inc. |
Rite Aid of New Jersey, Inc. |
Rite Aid of New York, Inc. |
Rite Aid of North Carolina, Inc. |
Rite Aid of Ohio, Inc. |
Rite Aid of Pennsylvania, Inc. |
Rite Aid of South Carolina, Inc. |
Rite Aid of Tennessee, Inc. |
Rite Aid of Vermont, Inc. |
Rite Aid of Virginia, Inc. |
Rite Aid of Washington, D.C., Inc. |
Rite Aid of West Virginia, Inc. |
Rite Aid Online Store, Inc. |
Rite Aid Payroll Management, Inc. |
Rite Aid Realty Corp. |
Rite Aid Rome Distribution Center, Inc. |
Rite Aid Services, LLC |
Rite Aid Specialty Pharmacy LLC |
Rite Aid Transport, Inc. |
Rite Fund, Inc. |
Rite Investments Corp. |
Rx Choice, Inc. |
Seven Mile and EvergreenDetroit, LLC |
Silver Springs RoadBaltimore, Maryland/One, LLC |
Silver Springs RoadBaltimore, Maryland/Two, LLC |
State & Fortification StreetsJackson, Mississippi, LLC |
State Street and Hill RoadGerard, Ohio, LLC |
The Jean Coutu Group (PJC) USA, Inc. |
The Lane Drug Company |
Thrift Drug, Inc. |
Thrifty Corporation |
Thrifty PayLess, Inc. |
Tyler and Sanders RoadsBirmingham, Alabama, LLC |