Exhibit 10.8
Execution Version
AMENDMENT TO FIRST LIEN CREDIT AGREEMENT
AMENDMENT, dated as of June 30, 2014 (this “Amendment”), to that certain First Lien Credit Agreement, dated as of December 18, 2013 (as amended, restated, supplemented or otherwise modified on or prior to the date hereof prior to giving effect to this Amendment, the “Existing Credit Agreement”; and as amended hereby, the “Credit Agreement”) among Garden Acquisition Holdings, Inc. (“Holdings”), The Brickman Group Ltd. LLC (the “Borrower”), the lending institutions from time to time parties thereto (the “Lenders”) and Morgan Stanley Senior Funding, Inc., as the Administrative Agent and the Collateral Agent.
WITNESSETH :
WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may establish New Term Loan Commitments and New Revolving Credit Commitments by, among other things, entering into one or more Joinder Agreements with New Term Loan Lenders and New Revolving Loan Lenders, as applicable;
WHEREAS, the Borrower, the Administrative Agent and Collateral Agent, and the Lenders party thereto have entered into an Amended and Restated Joinder Agreement, dated as of June [23], 2014 (the “Joinder Agreement”), pursuant to which the Borrower has obtained New Term Loan Commitments in an aggregate principal amount of $725,000,000 and New Revolving Credit Commitments in an aggregate principal amount of $100,000,000;
WHEREAS, Section 13.1 of the Existing Credit Agreement provides that the Credit Agreement and the other Credit Documents may be amended to effect an incremental facility pursuant to Section 2.14 and the Administrative Agent and the Borrower may effect such amendments to the Credit Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the terms of any such incremental facility;
WHEREAS, the amendments to the Credit Agreement effected by the Joinder Agreement are necessary or appropriate and permitted under the Credit Agreement (including pursuant to Section 2.14(f) and Section 13.1 thereof);
WHEREAS, Section 13.1 of the Existing Credit Agreement provides that the Borrower and the Administrative Agent may amend the Existing Credit Agreement and the other Credit Documents for certain purposes, including to effect technical changes;
WHEREAS, the parties hereto wish to amend the Existing Credit Agreement on the terms set forth herein;
NOW, THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows:
1.Defined Terms. Unless otherwise defined in this Amendment, each capitalized term used in this Amendment has the meaning assigned to such term in the Credit Agreement
2.Amendments. The following definitions in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety as follows:
“Letter of Credit Commitment” shall mean $100,000,000, as the same may be reduced from time to time pursuant to Section 3.1.