Exhibit 10.1
EXECUTION VERSION
AMENDMENT NO. 1 TO FIVE-YEAR CREDIT AGREEMENT, JOINDER AND INCREASE AND EXTENSION AGREEMENT
THIS AMENDMENT NO. 1 TO FIVE-YEAR CREDIT AGREEMENT, JOINDER AND INCREASE AND EXTENSION AGREEMENT (this “Agreement”), dated as of October 19, 2018, is entered into by and among ENERGY TRANSFER PARTNERS, L.P., a Delaware limited partnership (the “Borrower”), SUNOCO LOGISTICS PARTNERS OPERATIONS L.P., a Delaware limited partnership (the “Guarantor”), the Lenders (as defined below) party hereto constituting the Increasing Lenders (as defined below), the Lenders party hereto constituting the Consenting Lenders (as defined below), the Joining Lender (as defined below) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”).
WITNESSETH
WHEREAS, the Borrower, the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent are parties to a Credit Agreement, dated as of December 1, 2017 (as amended, restated, supplemented or otherwise modified prior to the Increase Effective Date (as defined below), the “Existing Credit Agreement”, and the Existing Credit Agreement, as amended by the amendments set forth inSection 3 of this Agreement, the “Credit Agreement”);
WHEREAS, the Borrower, Energy Transfer Partners, L.L.C., Energy Transfer Equity, L.P. (“ETE”), Streamline Merger Sub, LLC (“Merger Sub”) and the other parties thereto entered into an Agreement and Plan of Merger dated as of August 1, 2018 (the “Merger Agreement”), pursuant to which, upon the terms and conditions set forth in the Merger Agreement, the Merger Sub will merge with and into the Borrower, with the Borrower continuing as the surviving entity and a subsidiary of ETE (the “Merger”);
WHEREAS, in connection with the Merger, (i) the Borrower desires to increase the Aggregate Commitments under the Credit Agreement by $1,000,000,000 pursuant toSection 2.16 of the Credit Agreement, such increase to be effective as of the Increase Effective Date (the “Subject Increase”) and (ii) BMO Harris Bank N.A. (the “Joining Lender”) desires to join the Credit Agreement as a Lender by assuming a Commitment as a part of the Subject Increase (the Commitment of the Joining Lender, the “Joining Lender Commitment”), each on the Increase Effective Date, as more specifically detailed on Annex I attached hereto;
WHEREAS, each Lender party hereto as an “Increasing Lender” (including, for the avoidance of doubt, the Joining Lender) is willing to increase its Commitment on the Increase Effective Date in the amount set forth herein (with respect to each Increasing Lender, its “Subject Increase Amount”), subject to the terms and conditions set forth in the Credit Agreement and below;
WHEREAS, the Borrower also desires to extend the Maturity Date for a period of one (1) year pursuant toSection 2.17 of the Credit Agreement, such extension to be effective as of the First Extension Effective Date (as defined below);
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