FIRST AMENDMENT TO
Exhibit 10.2
FIRST AMENDMENT
TO
$3,250,000,000
FIVE-YEAR CREDIT AGREEMENT
Viacom Inc.
THIS FIRST AMENDMENT dated as of December 11, 2009 (this “Amendment”) to the Five-Year Credit Agreement, entered into as of December 8, 2005 (as amended from time to time, the “Credit Agreement”), by and among VIACOM INC. (previously named New Viacom Corp.), a Delaware corporation, (“Viacom”); each Subsidiary Borrower (as therein defined); the lenders whose names appear on Schedule 1.1 thereto or who subsequently become parties thereto as provided therein (the “Lenders”); JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”); CITIBANK, N.A., a national banking association, as syndication agent for the Lenders (in such capacity, the “Syndication Agent”); and BANK OF AMERICA, N.A., DEUTSCHE BANK SECURITIES INC. and THE BANK OF TOKYO-MITSUBISHI, LTD., NEW YORK BRANCH, as co-documentation agents for the Lenders (in such capacity, the “Co-Documentation Agents”). Capitalized terms used in this Amendment and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.
RECITALS
WHEREAS, the Borrowers and the Required Lenders desire to make certain modifications to the Credit Agreement as provided herein;
NOW THEREFORE, in consideration of the premises and the agreements contained herein, the parties hereto hereby agree as follows:
SECTION 1. Amendments to Credit Agreement. The definition of “Indebtedness” in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
“Indebtedness” of any Person shall mean at any date, without duplication, (i) all obligations of such Person for borrowed money (including, without limitation, in the case of any Borrower, the obligations of such Borrower for borrowed money under this Agreement), (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of Property or services, except as provided below, (iv) all obligations of such Person as lessee under Capital Lease Obligations, (v) all Indebtedness of others secured by a Lien on any Property of such Person, whether or not such Indebtedness is assumed by such Person, (vi) all Indebtedness of others directly or indirectly guaranteed or otherwise assumed by such Person, including any obligations of others endorsed (otherwise than for collection or deposit in the ordinary course of business) or discounted or sold with recourse by such Person, or in respect of which such Person is otherwise directly or indirectly liable, including, without limitation, any Indebtedness in effect guaranteed by such Person through any agreement (contingent or otherwise) to purchase,
repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation, or to maintain the solvency or any balance sheet or other financial condition of the obligor of such obligation, provided that Indebtedness of Viacom and its Subsidiaries shall not include guarantees of Indebtedness that are identified on Schedule 1.1(a) hereto, and (vii) all obligations of such Person as issuer, customer or account party under letters of credit or bankers’ acceptances that are either drawn or that back financial obligations that would otherwise be Indebtedness; provided, however, that in each of the foregoing clauses (i) through (vii), Indebtedness shall not include (i) obligations (other than under this Agreement) specifically with respect to the production, distribution and acquisition of motion pictures or other programming rights, talent or publishing rights or (ii) financings by way of sales or transfers of receivables or inventory, which will be accounted for as indebtedness in accordance with SFAS No. 166 and SFAS No. 167.
SECTION 2. Credit Agreement in Full Force and Effect as Amended. Except as specifically stated herein, all of the terms and conditions of the Credit Agreement shall remain in full force and effect. All references to the Credit Agreement in any other document or instrument shall be deemed to mean the Credit Agreement, as amended by this Agreement. This Amendment shall not constitute a novation of the Credit Agreement, but shall constitute an amendment thereto. The parties hereto agree to be bound by the terms and obligations of the Credit Agreement, as amended by this Amendment, as though the terms and obligations of this Credit Agreement were set forth herein.
SECTION 3. Effectiveness. The amendments provided for by this Amendment shall become effective, as of the date first above written, upon receipt by the Administrative Agent of a fully executed copy of this Amendment.
SECTION 4. Counterparts. This Amendment may be executed in any number of counterparts and by separate parties hereto on separate counterparts, each of which when executed shall be deemed an original, but all such counterparts taken together shall constitute one and the same instrument.
SECTION 5. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
[Signature Page to Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the date hereof.
| VIACOM INC. | ||
| By: | /s/ George S. Nelson | |
| Name: George S. Nelson | ||
| Title: Senior Vice President and Treasurer | ||
| JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender | ||
| By: | /s/ Tina L. Ruyter | |
| Name: Tina L. Ruyter | ||
| Title: Vice President | ||
| CITIBANK, N.A., as Syndication Agent and as a Lender | ||
| By: | ||
|
Name: | ||
| Title: | ||
| BANK OF AMERICA, N.A., as Co-Documentation Agent and as a Lender | ||
| By: |
| |
| Name: | ||
| Title: | ||
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| DEUTSCHE BANK SECURITIES INC., as Co-Documentation Agent | ||
| By: |
| |
| Name: | ||
| Title: | ||
| By: |
| |
| Name: | ||
| Title: | ||
| THE BANK OF TOKYO-MITSUBISHI, LTD., NEW YORK BRANCH, as Co-Documentation Agent and as a Lender | ||
| By: | /s/ Lillian Kim | |
| Name: Lillian Kim | ||
| Title: Authorized Signatory | ||
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SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: CITIBANK NA |
| By | /s/ Kate H. Kang | |
| Name: Kate Kang | ||
| Title: Vice President |
| Name of Institution:1 |
| by |
| |
| Name: | ||
| Title: |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| DEUTSCHE BANK SECURITIES INC., as Co-Documentation Agent: |
| by | /s/ Andreas Neumeier | |
| Name: Andreas Neumeier | ||
| Title: Managing Director | ||
| by | /s/ Stefan Freckmann | |
| Name: Stefan Freckmann | ||
| Title: Vice President | ||
| DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender: |
| by | /s/ Andreas Neumeier | |
| Name: Andreas Neumeier | ||
| Title: Managing Director | ||
| by | /s/ Stefan Freckmann | |
| Name: Stefan Freckmann | ||
| Title: Vice President | ||
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: BNP Paribas |
| by | /s/ Nuala Marley | |
| Name: Nuala Marley | ||
| Title: Managing Director |
| Name of Institution:1 BNP Paribas |
| by | /s/ Berangere Allen | |
| Name: Berangere Allen | ||
| Title: Vice President |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: | COMMERZBANK AG, NEW YORK AND GRAND CAYMENT BRANCHES |
| By | /s/ Alina Parizianu | |
| Name: Alina Parizianu | ||
| Title: Assistant Treasurer |
| Name of Institution:1 | COMMERZBANK AG, NEW YORK AND GRAND CAYMENT BRANCHES |
| By | /s/ Claudia Rost | |
| Name: Claudia Rost | ||
| Title: Vice President |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Credit Suisse AG, Cayman Islands Branch |
| by | /s/ Doreen Barr | |
| Name: Doreen Barr | ||
| Title: Vice President | ||
| by | /s/ Christopher Reo Day | |
| Name: Christopher Reo Day | ||
| Title: Associate | ||
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Lloyds TSB Bank plc Member of Lloyds Banking Group 1095 Avenue of the Americas New York, NY 10036 |
| by | /s/ Deborah Carlson | |
| Name: Deborah Carlson | ||
| Title: Senior Vice President | ||
| by | /s/ Carlos Lopez | |
| Name: Carlos Lopez | ||
| Title: Vice President | ||
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: Mizuho Corporate Bank Ltd. |
| by | /s/ Bertram H. Tang | |
| Name: Bertram H. Tang | ||
| Title: Authorized Signatory |
| Name of Institution:1 |
| by |
| |
| Name: | ||
| Title: |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: NATIONAL AUSTRALIA BANK LTD. | ||||
| by | /s/ Nathan Gooley | |
| Name: Nathan Gooley | ||
| Title: Director |
| Name of Institution:1 | ||||
| by |
| |
| Name: | ||
| Title: |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: SCOTIABANC INC. | ||||||
| by | /s/ J.F. Todd | |
| Name: J.F. Todd | ||
| Title: Managing Director |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: Sumitomo Mitsui Banking Corporation |
| by | /s/ William M. Ginn | |
| Name: William M. Ginn | ||
| Title: Executive Officer |
| Name of Institution:1 |
| by |
| |
| Name: | ||
| Title: |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| The Bank of New York Mellon: |
| by | /s/ Thomas J. Tarasovich, Jr. | |
| Name: Thomas J. Tarasovich, Jr. | ||
| Title: Vice President |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: The Northern Trust Company |
| by | /s/ Ashish S. Bhagwat | |
| Name: Ashish S. Bhagwat | ||
| Title: Senior Vice President |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: The Royal Bank of Scotland plc |
| by | /s/ Alex Daw | |
| Name: Alex Daw | ||
| Title: Vice President |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: U.S. Bank, N. A. |
| by | /s/ Colleen McEvoy | |
| Name: Colleen McEvoy | ||
| Title: VP |
| Name of Institution:1 |
| by |
| |
| Name: | ||
| Title: |
| 1 | For any Lender requiring a second signature line. |
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: UBS AG, STAMFORD BRANCH |
| by | /s/ Marie Haddad | |
| Name: Marie Haddad | ||
| Title: Associate Director | ||
| by | /s/ Irja R. Otsa | |
| Name: Irja R. Otsa | ||
| Title: Associate Director | ||
SIGNATURE PAGE TO
FIRST AMENDMENT TO
FIVE-YEAR CREDIT AGREEMENT OF
VIACOM INC.
| Name of Institution: Wells Fargo Bank |
| by | /s/ Donald Schwartz | |
| Name: Donald Schwartz | ||
| Title: Senior Vice President |
| Name of Institution:1 |
| by |
| |
| Name: | ||
| Title: |
| 1 | For any Lender requiring a second signature line. |
