Termination Notice for $400 Million Revolving Credit Facility between Smith International, Inc., M-I LLC, and Comerica Bank
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Summary
Smith International, Inc. and M-I LLC have notified Comerica Bank of their decision to terminate their $400 million revolving credit facility, effective December 10, 2009. This notice formally ends the credit agreement originally established on May 5, 2005, with Comerica Bank acting as the administrative agent for the lenders. The termination means the borrowers will no longer have access to the revolving credit line after the specified date.
EX-10.2 3 h69033exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
December 10, 2009
Comerica Bank
Attn: William B. Murdock
500 Woodward Avenue
9th Floor
Detroit, MI. 48226
Attn: William B. Murdock
500 Woodward Avenue
9th Floor
Detroit, MI. 48226
| Re: | Termination Notice - $400.0 Million Smith International, Inc and M-I LLC Revolving Credit Facility |
Dear William,
We refer to the Credit Agreement dated May 5, 2005 between Smith International, Inc. and M-I LLC as Borrower(s), and Comerica Bank as Administrative Agent for the Lenders. Please be advised that the Borrower(s) request termination of the Revolving Credit Facilities in their entirety, effective December 10, 2009.
Feel free to contact me if you have any questions on the above.
/s/ William Restrepo
William Restrepo
Senior Vice President,
Chief Financial Officer and Treasurer
William Restrepo
Senior Vice President,
Chief Financial Officer and Treasurer
