Notice of Commitment Increase
EX-4.1 2 h41439exv4w1.htm NOTICE OF COMMITMENT INCREASE exv4w1
Exhibit 4.1
November 13, 2006
JPMorgan Chase Bank, N.A.
1111 Fannin Street, 10th Floor
Houston, Texas, 77002
1111 Fannin Street, 10th Floor
Houston, Texas, 77002
Ladies and Gentlemen:
The undersigned, Weatherford International Ltd. (WIL), refers to the Second Amended and Restated Credit Agreement dated as of May 2, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the Credit Agreement) among WIL, Weatherford Liquidity Management Hungary Limited Liability Company, Weatherford International, Inc., JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings specified therefor in the Credit Agreement.
WIL hereby notifies you, pursuant to Section 2.15 of the Credit Agreement, that (a) it hereby requests that the aggregate amount of the Commitments under the Credit Agreement be increased and (b) the CI Lenders agree to provide Commitments under the Credit Agreement. Set forth below is the information relating to such proposed Commitment Increase as required by Section 2.15(b) of the Credit Agreement:
(i) | the proposed effective date of such increase of aggregate amount of the Lenders Commitments is November 14, 2006, and such date is not the last day of the Interest Period applicable to each outstanding Eurocurrency Loan (by their execution of this Notice, the Lenders waive the five (5) Business Day notice period set forth in Section 2.15(b)(i) of the Credit Agreement); | ||
(ii) | the aggregate amount of the requested increase of the Commitments is $750,000,000; | ||
(iii) | the CI Lenders that have agreed with WIL to provide their respective Commitments are [not applicable]; | ||
(iv) | the Lenders that have agreed with WIL to increase their respective Commitments are the Lenders identified on Annex I attached hereto with an asterisk; and | ||
(v) | set forth on Annex I attached hereto is the amount of the respective Commitments of all Lenders (including, without limitation, the CI Lenders) as of effective date of such Commitment Increase and after giving effect thereto. |
Delivery of an executed counterpart of this Notice of Commitment Increase by telecopier shall be effective as delivery of an original executed counterpart hereof.
Very truly yours,
WEATHERFORD INTERNATIONAL LTD.
By: /s/ Andrew P. Becnel
Name: Andrew P. Becnel
Title: Senior Vice President
Name: Andrew P. Becnel
Title: Senior Vice President
Approved and Consented to by:
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and Issuing Bank
as Administrative Agent and Issuing Bank
By:/s/ Robert W. Traband
Name: Robert W. Traband
Title: Vice President
Name: Robert W. Traband
Title: Vice President
CI LENDERS:
[Not applicable]
LENDERS INCREASING COMMITMENTS:
[Signatures begin on following page]
LENDERS:
JPMORGAN CHASE BANK, N.A.
By: /s/Robert W. Traband
Name: Robert W. Traband
Title: Vice President
Name: Robert W. Traband
Title: Vice President
Notice Information:
1111 Fannin, 10th Floor
Houston, Texas 77002
Telephone:   ###-###-####
Telecopy:   ###-###-####
Houston, Texas 77002
Telephone:   ###-###-####
Telecopy:   ###-###-####
With a copy to:
600 Travis, 20th Floor
Houston, Texas 77002
Telephone: (713 ###-###-####
Telecopy: (713 ###-###-####
Houston, Texas 77002
Telephone: (713 ###-###-####
Telecopy: (713 ###-###-####
CALYON NEW YORK BRANCH
By: /s/ Dennis E. Petito
Name: Dennis E. Petito
Title: Managing Director
Name: Dennis E. Petito
Title: Managing Director
By: /s/ Tom Byargeon
Name: Tom Byargeon
Title: Managing Director
Name: Tom Byargeon
Title: Managing Director
Notice Information:
1301 Avenue of the Americas
New York, New York 10019
Attention: Gener David
Telephone: (212)  ###-###-####
Telecopier: (917)  ###-###-####
New York, New York 10019
Attention: Gener David
Telephone: (212)  ###-###-####
Telecopier: (917)  ###-###-####
THE ROYAL BANK OF SCOTLAND plc
By: /s/ Matthew J. Main
Name: Matthew J. Main
Title: Managing Director
Name: Matthew J. Main
Title: Managing Director
Notice Information:
600 Travis St., Suite 6500
Houston, Texas 77002
Attention: Stuart Gibson
Telephone: (713)  ###-###-####
Telecopy: (713)  ###-###-####
Houston, Texas 77002
Attention: Stuart Gibson
Telephone: (713)  ###-###-####
Telecopy: (713)  ###-###-####
WELLS FARGO BANK, N.A.
By: /s/ C. David Allman
Name: C. David Allman
Title: Vice President
Name: C. David Allman
Title: Vice President
Notice Information:
1000 Louisiana, 9th Floor
Mail Code: T5002-090
Houston, Texas 77002
Telephone: (713)  ###-###-####
Telecopy: c ***@***
Mail Code: T5002-090
Houston, Texas 77002
Telephone: (713)  ###-###-####
Telecopy: c ***@***
ABN AMRO BANK N.V.
By: /s/ Lizabeth Lary
Name: Lizabeth Lary
Title: Vice President
Name: Lizabeth Lary
Title: Vice President
By: /s/ Todd D. Vaubel
Name: Todd D. Vaubel
Title: Assistant Vice President
Name: Todd D. Vaubel
Title: Assistant Vice President
Notice Information: | ||||
4400 Post Oak Parkway, Suite 1500 | ||||
Houston, Texas 77027 | ||||
Attention: Liz Lary | ||||
Telephone (832)  ###-###-#### | ||||
Telecopy: (832)  ###-###-#### | ||||
With a copy to: | ||||
540 West Madison Street, 26th Floor | ||||
Chicago, Illinois 60661-2591 | ||||
Attention: Kenneth Keck | ||||
Telephone: (312)  ###-###-#### | ||||
Telecopy: (312)  ###-###-#### |
BANK OF AMERICA, N.A.
By: /s/ Zewditu Menelik
Name: Zewditu Menelik
Title: Vice President
Name: Zewditu Menelik
Title: Vice President
Notice Information:
901 Main Street
Dallas, Texas 75202
Telephone: (214)  ###-###-####
Telcopier: (214)  ###-###-####
Attention: Stephen Keilers / Thelma L. Johnson
Dallas, Texas 75202
Telephone: (214)  ###-###-####
Telcopier: (214)  ###-###-####
Attention: Stephen Keilers / Thelma L. Johnson
THE BANK OF TOKYO-MITSUBISHI
UFJ, LTD., HOUSTON AGENCY
UFJ, LTD., HOUSTON AGENCY
By: /s/ K. Glasscock
Name: K. Glasscock
Title: Vice President & Manager
Name: K. Glasscock
Title: Vice President & Manager
By: /s/ J. Fort
Name: J. Fort
Title: Vice President
Name: J. Fort
Title: Vice President
Notice Information:
1100 Louisiana, Suite 2800
Houston, Texas 77002
Attention: Jay Fort
Telephone: (713)  ###-###-####
Telecopy: (713)  ###-###-####
Houston, Texas 77002
Attention: Jay Fort
Telephone: (713)  ###-###-####
Telecopy: (713)  ###-###-####
BAYERISCHE HYPO- UND
VEREINSBANK AG, NEW YORK BRANCH
By: /s/ William W. Hunter
Name: William W. Hunter
Title: Director
Name: William W. Hunter
Title: Director
By: /s/ Kimberly D. Sousa
Name: Kimberly D. Sousa
Title: Director
Name: Kimberly D. Sousa
Title: Director
Notice Information:
150 East 42nd Street
New York, New York 10017
Attention: Tina Chung
Telephone: (212)  ###-###-####
Telecopier: (212)  ###-###-####
New York, New York 10017
Attention: Tina Chung
Telephone: (212)  ###-###-####
Telecopier: (212)  ###-###-####
DEUTSCHE BANK AG NEW YORK BRANCH
By: /s/ Ming K. Chu
Name: Ming K. Chu
Title: Vice President
Name: Ming K. Chu
Title: Vice President
By: /s/ Vincent Wong
Name: Vincent Wong
Title: Vice President
Name: Vincent Wong
Title: Vice President
Notice Information: | ||
60 Wall Street | ||
New York, New York 10005 | ||
Attention: Rainer Meier, Vice President | ||
Telephone: (212)  ###-###-#### | ||
Telecopy: (212)  ###-###-#### |
DNB NOR BANK ASA | ||||
By: /s/ Alfred C. Jones III | ||||
Name: Alfred C. Jones III | ||||
Title: Senior Vice President | ||||
By: /s/ Barbara Gronquist | ||||
Name: Barbara Gronquist | ||||
Title: Senior Vice President | ||||
Notice Information: | ||||
200 Park Avenue, 31st Floor New York, New York 10166-0396 | ||||
Telephone: | (212) 681-3823 | |||
Telecopy: | (212) 681-3900 |
MERRILL LYNCH CAPITAL MARKETS BANK LIMITED | ||
By:/s/ Lee Halla | ||
Name: Lee Halla | ||
Title: Authorised Signatory | ||
By:/s/ Nicolas Lowmass | ||
Name: Nicolas Lowmass | ||
Title: Authorized Signatory |
Notice Information: | ||||
Treasury Building, | ||||
Lower Grand Canal Street, | ||||
Dublin 2, | ||||
Ireland | ||||
Attention: | Stuart Biggar | |||
Telephone: | + 353 1 ###-###-#### | |||
Telecopy: | + 44 207 106 6302 | |||
E-mail: | ***@*** |
MORGAN STANLEY BANK | ||
By:/s/ Daniel Twenge | ||
Name: Daniel Twenge | ||
Title: Authorized Signatory Morgan Stanley Bank |
Notice Information: | ||||
1633 Broadway, 25th Floor New York, New York 10019 | ||||
Telephone: | (212 ###-###-#### | |||
Telecopier: | (212 ###-###-#### |
NORDEA BANK NORGE ASA | ||
By:/s/ Kristine Erdal | ||
Name: Kristine Erdal | ||
Title: Senior Relationship Manager | ||
By:/s/ Irina Bjaroy | ||
Name: Irina Bjaroy | ||
Title: Relationship Manager |
Notice Information: | ||
Postboks 1166 Sentrum | ||
0107 Oslo | ||
Norway | ||
Attention: Shipping department Kristine Erdal / Irina Bjarøy | ||
Telephone: +47 22 48 56 68 / +47 22 48 55 38 | ||
Telecopy: +47 22 48 66 68 |
STANDARD CHARTERED BANK | ||
By: /s/ Michael Gouvion | ||
Name: Michael Gouvion | ||
Title: Director | ||
By: /s/ Andrew Y. Ng | ||
Name: Andrew Y. Ng | ||
Title: Director Standard Chartered Bank NY | ||
Notice Information: | ||
790 East Colorado Blvd, Suite 808 | ||
Pasadena, California 91101 | ||
Attention: John Robinson | ||
Telephone: (626)  ###-###-#### | ||
Telecopier: (626)  ###-###-#### |
SUNTRUST BANK | ||
By:/s/ Sean Roche | ||
Name: Sean Roche | ||
Title: Vice President |
Notice Information: | ||
303 Peachtree Street, 10th Floor | ||
Atlanta, Georgia 30308 | ||
Telephone: (404 ###-###-#### | ||
Telecopy: (404 ###-###-#### |
UBS LOAN FINANCE | ||
By: /s/ Richard L. Tavrow | ||
Name: Richard L. Tavrow | ||
Title: Director Banking Products Services, US | ||
By: /s/ Irja R. Otsa | ||
Name: Irja R. Otsa | ||
Title: Associate Director Banking Products Services, US | ||
Notice Information: | ||
677 Washington Blvd. Stamford, Connecticut 06901 | ||
Attention: Letica Fox-Thomas | ||
Telephone: (203)  ###-###-#### | ||
Telecopier: (203)  ###-###-#### |
Annex I to
Notice of Commitment Increase
Notice of Commitment Increase
COMMITMENTS
(after giving effect to the applicable Commitment Increase)
Bank | Allocation | |||
JPMorgan Chase Bank, N.A.* | 151,000,000.00 | |||
Wells Fargo Bank, N.A.* | 126,000,000.00 | |||
Calyon New York Branch* | 126,000,000.00 | |||
The Royal Bank of Scotland plc* | 126,000,000.00 | |||
UBS Loan Finance* | 126,000,000.00 | |||
Bank of America, N.A.* | 85,000,000.00 | |||
Deutsche Bank AG New York Branch* | 85,000,000.00 | |||
ABN AMRO Bank N.V.* | 85,000,000.00 | |||
The Bank of Tokyo-Mitsubishi UFJ, Ltd., Houston Agency* | 85,000,000.00 | |||
SunTrust Bank* | 72,000,000.00 | |||
Morgan Stanley Bank* | 72,000,000.00 | |||
Nordea Bank Norge ASA* | 72,000,000.00 | |||
Wachovia Bank, National Association | 53,000,000.00 | |||
DnB NOR Bank ASA* | 50,000,000.00 | |||
Bayerische Hypo-Und Vereinsbank AG, New York Branch* | 50,000,000.00 | |||
Merrill Lynch Capital Markets Bank Limited* | 50,000,000.00 | |||
Standard Chartered Bank* | 50,000,000.00 | |||
The Bank of Nova Scotia | 36,000,000.00 | |||
TOTAL | $ | 1,500,000,000.00 | ||
* | Lender that has increased its Commitment |