as Borrower,
as Lenders,
and
CITIBANK, F.S.B.,
as Syndication Agents,
as Documentation Agent
as
Sole Lead Arranger, Sole Book Runner
and Administrative Agent
Page | ||||
ARTICLE I DEFINITIONS AND ACCOUNTING TERMS | 1 | |||
Section 1.1 Defined Terms | 1 | |||
Section 1.2 Times; Other Definitional Terms; Rules of Interpretation | 23 | |||
ARTICLE II AMOUNT AND TERMS OF CREDIT | 24 | |||
Section 2.1 The Term Credit Facility | 24 | |||
Section 2.2 Revolving Credit Facility | 24 | |||
Section 2.3 Optional Increases of Total Revolving Facility Amount | 25 | |||
Section 2.4 Swingline Credit Facility | 27 | |||
Section 2.5 Minimum Amount of Each Borrowing | 29 | |||
Section 2.6 Notice of Borrowing | 29 | |||
Section 2.7 Disbursement of Funds | 30 | |||
Section 2.8 Notes | 31 | |||
Section 2.9 Conversions | 32 | |||
Section 2.10 Pro Rata Borrowings | 33 | |||
Section 2.11 Interest | 33 | |||
Section 2.12 Interest Periods | 34 | |||
Section 2.13 Increased Costs, Illegality, etc. | 35 | |||
Section 2.14 Compensation | 37 | |||
Section 2.15 Change of Lending Office | 38 | |||
Section 2.16 Replacement of Lenders | 38 | |||
Section 2.17 Limitation on Additional Amounts | 39 | |||
ARTICLE III LETTERS OF CREDIT | 40 | |||
Section 3.1 Letters of Credit | 40 | |||
Section 3.2 Maximum Letter of Credit Outstandings; Final Maturities | 41 | |||
Section 3.3 Letter of Credit Requests; Minimum Stated Amount | 41 | |||
Section 3.4 Letter of Credit Participations | 42 | |||
Section 3.5 Agreement to Repay Letter of Credit Drawings | 44 | |||
Section 3.6 Increased Costs | 45 | |||
ARTICLE IV COMMITMENT FEE; FEES; REDUCTIONS OF FACILITY AMOUNTS | 46 | |||
Section 4.1 Fees | 46 | |||
Section 4.2 Voluntary Termination of Total Unutilized Revolving Facility Amount | 47 | |||
Section 4.3 Mandatory Reduction of Facility Amounts | 47 | |||
ARTICLE V PREPAYMENTS; PAYMENTS; TAXES | 48 | |||
Section 5.1 Voluntary Prepayments | 48 | |||
Section 5.2 Mandatory Prepayment of Revolving Facility | 49 |
Page | ||||
Section 5.3 Term Loan Scheduled Repayment Dates | 49 | |||
Section 5.4 Mandatory Prepayment of Term Loans | 49 | |||
Section 5.5 Application of Mandatory Prepayments | 52 | |||
Section 5.6 Method and Place of Payment | 52 | |||
Section 5.7 Net Payments | 53 | |||
ARTICLE VI CONDITIONS PRECEDENT TO INITIAL CREDIT EVENTS | 55 | |||
Section 6.1 Closing Date | 55 | |||
Section 6.2 Disclosure Letter; Notes | 55 | |||
Section 6.3 Officer’s Certificates | 56 | |||
Section 6.4 Opinion of Counsel | 56 | |||
Section 6.5 Corporate Documents; Proceedings; etc. | 56 | |||
Section 6.6 Plans; Shareholders’ Agreements; Employment Agreements | 57 | |||
Section 6.7 Payment of Fees and Expenses | 57 | |||
Section 6.8 Adverse Change, etc. | 57 | |||
Section 6.9 Litigation | 58 | |||
Section 6.10 Evidence of Perfection, etc. | 58 | |||
Section 6.11 Insurance Policies | 58 | |||
Section 6.12 Financial Statements; Projections | 58 | |||
Section 6.13 Pledge Agreement | 59 | |||
Section 6.14 Security Agreement | 59 | |||
Section 6.15 Subsidiaries Guaranty | 59 | |||
Section 6.16 Solvency Certificate; Insurance Certificates | 59 | |||
Section 6.17 Market Disruption | 59 | |||
ARTICLE VII CONDITIONS PRECEDENT TO ALL CREDIT EVENTS | 59 | |||
Section 7.1 No Default; Representations and Warranties | 60 | |||
Section 7.2 Notice of Borrowing; Letter of Credit Request | 60 | |||
Section 7.3 Effect of Accepting Benefits of Credit Events | 60 | |||
ARTICLE VIII REPRESENTATIONS, WARRANTIES AND AGREEMENTS | 60 | |||
Section 8.1 Organizational Status | 61 | |||
Section 8.2 Power and Authority | 61 | |||
Section 8.3 No Violation | 61 | |||
Section 8.4 Approvals | 62 | |||
Section 8.5 Financial Statements; Financial Condition; Undisclosed Liabilities; Projections; etc. | 62 | |||
Section 8.6 Litigation | 63 | |||
Section 8.7 True and Complete Disclosure | 63 |
Page | ||||
Section 8.8 Use of Proceeds; Margin Regulations | 64 | |||
Section 8.9 Tax Returns and Payments | 64 | |||
Section 8.10 Compliance with ERISA | 64 | |||
Section 8.11 The Security Documents | 66 | |||
Section 8.12 Representations and Warranties in the Credit Documents | 66 | |||
Section 8.13 Properties | 66 | |||
Section 8.14 Capitalization | 67 | |||
Section 8.15 Subsidiaries | 67 | |||
Section 8.16 Compliance with Statutes, etc. | 67 | |||
Section 8.17 Investment Company Act | 67 | |||
Section 8.18 Public Utility Holding Company Act | 67 | |||
Section 8.19 Environmental Matters | 68 | |||
Section 8.20 Labor Relations | 68 | |||
Section 8.21 Patents, Licenses, Franchises and Formulas | 69 | |||
Section 8.22 Existing Indebtedness | 69 | |||
Section 8.23 Insurance | 69 | |||
ARTICLE IX AFFIRMATIVE COVENANTS | 69 | |||
Section 9.1 Information Covenants | 69 | |||
Section 9.2 Books, Records and Inspections; Annual Meetings | 72 | |||
Section 9.3 Maintenance of Property; Insurance | 73 | |||
Section 9.4 Existence; Franchises | 73 | |||
Section 9.5 Compliance with Statutes, etc. | 74 | |||
Section 9.6 Compliance with Environmental Laws | 74 | |||
Section 9.7 ERISA | 75 | |||
Section 9.8 End of Fiscal Years; Fiscal Quarters | 76 | |||
Section 9.9 Performance of Obligations | 76 | |||
Section 9.10 Payment of Taxes | 76 | |||
Section 9.11 Additional Security; Further Assurances | 77 | |||
Section 9.12 Use of Proceeds | 78 | |||
Section 9.13 Foreign Subsidiaries Security | 78 | |||
Section 9.14 Margin Stock | 79 | |||
Section 9.15 Permitted Acquisitions | 79 | |||
ARTICLE X NEGATIVE COVENANTS | 80 | |||
Section 10.1 Liens | 81 | |||
Section 10.2 Consolidation, Merger, Purchase or Sale of Assets, etc. | 83 | |||
Section 10.3 Dividends | 85 | |||
Section 10.4 Indebtedness | 86 |
Page | ||||
Section 10.5 Advances, Investments and Loans | 88 | |||
Section 10.6 Transactions with Affiliates | 90 | |||
Section 10.7 Consolidated Fixed Charge Coverage Ratio | 90 | |||
Section 10.8 Consolidated Total Leverage Ratio | 90 | |||
Section 10.9 Consolidated Net Worth | 91 | |||
Section 10.10 Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements, etc. | 91 | |||
Section 10.11 Limitation on Certain Restrictions on Subsidiaries | 91 | |||
Section 10.12 Limitation on Issuance of Capital Stock | 92 | |||
Section 10.13 Business | 92 | |||
Section 10.14 Limitation on Creation of Subsidiaries | 92 | |||
Section 10.15 Operating Leases | 93 | |||
ARTICLE XI EVENTS OF DEFAULT | 93 | |||
Section 11.1 Events of Default | 93 | |||
Section 11.2 Remedies | 96 | |||
ARTICLE XII THE ADMINISTRATIVE AGENT | 96 | |||
Section 12.1 Appointment | 96 | |||
Section 12.2 Nature of Duties | 97 | |||
Section 12.3 Lack of Reliance on the Administrative Agent | 97 | |||
Section 12.4 Certain Rights of the Administrative Agent | 98 | |||
Section 12.5 Reliance | 98 | |||
Section 12.6 Indemnification | 98 | |||
Section 12.7 The Administrative Agent in its Individual Capacity | 98 | |||
Section 12.8 Holders | 99 | |||
Section 12.9 Resignation by the Administrative Agent | 99 | |||
Section 12.10 Issuing Lender | 100 | |||
ARTICLE XIII MISCELLANEOUS | 100 | |||
Section 13.1 Syndication Agents and Documentation Agent | 100 | |||
Section 13.2 Payment of Expenses, etc. | 100 | |||
Section 13.3 Right of Setoff | 101 | |||
Section 13.4 Notices; Distribution of Information via Electronic Means | 102 | |||
Section 13.5 Benefit of Agreement; Assignments; Participations | 103 | |||
Section 13.6 No Waiver; Remedies Cumulative | 106 | |||
Section 13.7 Payments Pro Rata | 106 | |||
Section 13.8 Calculations; Computations; Accounting Terms | 107 |
Page | ||||
Section 13.9 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL | 108 | |||
Section 13.10 Counterparts | 109 | |||
Section 13.11 Headings Descriptive | 109 | |||
Section 13.12 Amendment or Waiver; etc. | 109 | |||
Section 13.13 Replacement of Non-Consenting Lender | 111 | |||
Section 13.14 Survival of Indemnities | 111 | |||
Section 13.15 Domicile of Loans | 112 | |||
Section 13.16 Register | 112 | |||
Section 13.17 Confidentiality | 112 | |||
Section 13.18 USA Patriot Act Notice | 113 | |||
Section 13.19 Restatement of Earlier Agreement | 113 |
SCHEDULE I | Disclosure Letter | |
EXHIBIT A | Form of Notice of Borrowing | |
EXHIBIT B | Form of Term Note | |
EXHIBIT C | Form of Revolving Note | |
EXHIBIT D | Form of Swingline Note | |
EXHIBIT E | Form of Letter of Credit Request | |
EXHIBIT F | Form ofSection 5.7(b)(ii) Certificate | |
EXHIBIT G | Form of Officer’s Certificate | |
EXHIBIT H | Form of Solvency Certificate | |
EXHIBIT I | Form of Assignment and Assumption Agreement | |
EXHIBIT J | Form of Intercompany Note | |
EXHIBIT K | Form of Subordination Provisions | |
EXHIBIT L | Form of Compliance Certificate |
Level | Consolidated Total Leverage Ratio | Eurodollar Rate Loan | Base Rate Loan | |||||||
I | Greater than or equal to 2.00 to 1 | 2.00 | % | 1.00 | % | |||||
II | Less than 2.00 to 1 | 1.75 | % | 0.75 | % |
Level | Consolidated Total Leverage Ratio | Eurodollar Rate Loan | Base Rate Loan | |||||||
I | Greater than or equal to 2.50 to 1 | 2.00 | % | 1.00 | % | |||||
II | Greater than or equal to 2.00 to 1 but less than 2.50 to 1 | 1.75 | % | 0.75 | % | |||||
III | Greater than or equal to 1.50 to 1 but less than 2.00 to 1 | 1.50 | % | 0.50 | % | |||||
IV | Less than 1.50 to 1 | 1.25 | % | 0.25 | % |
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Level | Consolidated Total Leverage Ratio | Commitment Fee | ||||||
I | Greater than or equal to 2.50 to 1 | 0.450 | % | |||||
II | Greater than or equal to 2.00 to 1 but less than 2.50 to 1 | 0.450 | % | |||||
III | Greater than or equal to 1.50 to 1 but less than 2.00 to 1 | 0.350 | % | |||||
IV | Less than 1.50 to 1 | 0.250 | % |
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(i) | (A) the net income of the Companies on a consolidated basis, determined in accordance with GAAP (“Consolidated Net Income”), excluding |
(B) non-operating gains and losses, and |
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(C) non-cash charges comprising (1) impairment of assets, (2) cumulative effects of changes in accounting principles (all of which are to be in accordance with GAAP), or (3) any non-cash stock compensation,plus |
(ii) | (A) Consolidated Interest Expense,plus |
(B) tax expense,plus | |||
(C) depreciation and amortization expense,plus | |||
(D) transaction expenses incurred in connection with the closing of this Agreement and any Permitted Acquisition that are not capitalized,plus | |||
(E) other extraordinary and non-recurring items approved by the Administrative Agent,plus | |||
(F) unamortized fees related to the Borrower’s indebtedness to be satisfied from the initial Loans made under this Agreement,plus |
(iii) | Acquired EBITDA. |
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Eurodollar Rate = | Eurodollar Base Rate | + Applicable Margin | |||
100% - Eurodollar Reserve Percentage |
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Term Loan | ||||||
Scheduled Repayment Date | Amount | |||||
(i) | the last Business Day of the calendar quarter ending March 31, 2006, and the last Business Day of each calendar quarter thereafter to and including the calendar quarter ending December 31, 2011 | $ | 250,000 | |||
(ii) | on the Term Loan Maturity Date | all remaining principal |
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infoUSA INC. | infoUSA INC. | |
5711 South 86th Circle | ||
Omaha, Nebraska 68127 | ||
Attn: Chief Financial Officer | By: /s/ STORMY L. DEAN | |
Telephone No.: (402) 593-4500 | Name: Stormy L. Dean | |
Telecopier No.: (402) 331-1505 | Title: CFO |
Signature Page to the Second Amended and Restated Credit Agreement
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
LASALLE BANK NATIONAL ASSOCIATION, as Co-Syndication Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
CITIBANK, F.S.B., as Co-Syndication Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., as Documentation Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
FIRST BANK | ||||
By: | ||||
Name: | Keith M. Schmelder | |||
Title: | Senior Vice President |
Signature Page to the Second Amended and Restated Credit Agreement
UNION BANK OF CALIFORNIA, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
FIRST NATIONAL BANK OF OMAHA | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
U.S. BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
COMMERCE BANK, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
THE NORTHERN TRUST COMPANY | ||||
By: | ||||
Name: | ||||
Title: | ||||
Signature Page to the Second Amended and Restated Credit Agreement
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