EXECUTION COUNTERPART EXHIBIT 4.13
AMENDMENT NO. 3
TO
SECOND AMENDED AND RESTATED
CREDIT AGREEMENT
AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED CREDIT
AGREEMENT, dated as of March 9, 2000 among: UNITED STATIONERS SUPPLY CO., a
corporation duly organized and validly existing under the laws of the State
of Illinois (together with its successors and assigns, the "COMPANY"); UNITED
STATIONERS INC., a corporation duly organized and validly existing under the
laws of the State of Delaware (together with its successors and assigns, the
"GUARANTOR" and, together with the Company, the "OBLIGORS"); each of the
lenders identified under the caption LENDERS on the signature pages hereto
(individually, a "LENDER" and, collectively, the "LENDERS" ); and THE CHASE
MANHATTAN BANK, as agent for the Lenders (in such capacity, together with its
successors in such capacity, the "ADMINISTRATIVE AGENT").
WHEREAS, the Company, the Guarantor, the Lenders and the
Administrative Agent are parties to a Second Amended and Restated Credit
Agreement dated as of April 3, 1998 (as amended, modified and supplemented
and in effect, the "CREDIT AGREEMENT"), providing, subject to the terms and
conditions thereof, for extensions of credit (by making of loans and issuing
letters of credit) to be made by the Lenders to the Company in an original
aggregate principal amount not exceeding $500,000,000; and
WHEREAS, the Company, the Guarantor, the Lenders and the
Administrative Agent wish to amend the Credit Agreement in certain respects;
NOW, THEREFORE, the parties hereto hereby agree as follows:
Section 1. DEFINITIONS. Terms defined in the Credit
Agreement are used herein as defined therein.
Section 2. AMENDMENT. Effective as provided in Section 3
below, the Credit Agreement shall be amended as follows:
2.01. References in the Credit Agreement (including
references to the Credit Agreement as amended hereby) to "this Agreement"
(and indirect references such as "hereunder", "hereby", "herein" and
"hereof") shall be deemed to be references to the Credit Agreement as amended
hereby.
2.02. Section 9.09(a) of the Credit Agreement shall be
amended by inserting in clause (iii) thereof, immediately after the amount
"$50,000,000", the words "after March 9, 2000".
2.03. Section 9.10 of the Credit Agreement shall be amended
to read in its entirety as follows:
"9.10 NET WORTH. The Guarantor will not permit Net Worth to be
less than the sum of (a) $322,000,000 plus (b) 50% of the sum of Net
Income (if positive) for each fiscal quarter of the Guarantor
commencing with the fiscal quarter ending March 31, 2000 plus (c) 100%
of the amount by which Net Worth shall have been increased as a result
of any Equity Issuance."
2.04. Section 9.14 of the Credit Agreement shall be amended by
(i) deleting the word "and" appearing immediately before clause "(ii)" thereof
and (ii) inserting a new clause (iii) at the end of such Section 9.14 to read as
follows:
"and (iii) the prepayment of up to $100,000,000 aggregate
principal amount of the Senior Subordinated Notes Due 2005
(and the payment of any premium and accrued interest with
respect thereto) from the proceeds of Revolving Credit Loans."
2.05. Section 9.17 of the Credit Agreement shall be amended by
inserting therein a new second sentence to read as follows:
"In addition, the Borrower may use the proceeds of Revolving
Credit Loans to prepay the Senior Subordinated Notes Due 2005
to the extent permitted under Section 9.14(iii) hereof."
Section 3. EFFECTIVENESS. The amendments to the Credit
Agreement set forth in Section 2 above shall become effective as of the date
hereof upon (i) receipt by the Administrative Agent of one or more
counterparts of this Amendment No. 3 executed by each of the Obligors and the
Lenders constituting the Majority Lenders and (ii) payment by the Company of
the amendment fee agreed in writing to be paid in connection with this
Amendment No. 3 to the Administrative Agent for account of each Lender
entitled thereto.
Section 4. MISCELLANEOUS. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 3 may be executed in any number of counterparts, all of which
taken together shall constitute one and the same amendatory instrument and
any of the parties hereto may execute this Amendment No. 3 by signing any
such counterpart. This Amendment No. 3 shall be governed by, and construed in
accordance with, the law of the State of New York.
2
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 3 to be duly executed and delivered as of the day and year
first above written.
UNITED STATIONERS SUPPLY CO.
By
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Title:
UNITED STATIONERS INC.
By
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Title:
3
LENDERS
THE CHASE MANHATTAN BANK
By
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Title:
BANK OF AMERICA, N.A.
By
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Title:
GENERAL ELECTRIC CAPITAL CORP.
By
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Title:
PNC BANK, NATIONAL ASSOCIATION
By
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Title:
ARAB BANKING CORPORATION
(B.S.C.)
By
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Title:
THE BANK OF NEW YORK
By
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Title:
BANK OF SCOTLAND
By
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Title:
4
BANK ONE, NA
By
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Title:
COMERICA BANK
By
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Title:
By
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Title:
THE FIRST NATIONAL BANK OF MARYLAND
By
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Title:
HIBERNIA NATIONAL BANK
By
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Title:
KEY CORPORATE CAPITAL INC.
By
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Title:
MICHIGAN NATIONAL BANK
By
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Title:
5
NATIONAL BANK OF CANADA,
a Canadian Chartered Bank
By
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Title:
By
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Title:
TRANSAMERICA BUSINESS CREDIT
CORPORATION
By
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Title:
UNION BANK OF CALIFORNIA, N.A.
By
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Title:
WACHOVIA BANK, N.A.
By
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Title:
PARIBAS
By
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Title:
By
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Title:
THE DAI-ICHI KANGYO BANK, LTD.
By
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Title:
6
DEUTSCHE FINANCIAL SERVICES
By
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Title:
THE FUJI BANK, LIMITED
By
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Title:
THE MITSUBISHI TRUST AND BANKING
CORPORATION
By
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Title:
NATIONAL CITY BANK
By
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Title:
THE NORTHERN TRUST COMPANY
By
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Title:
7
THE CHASE MANHATTAN BANK,
as Administrative Agent
By
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Title:
8