Exhibit 4.9
SIXTH AMENDMENT
SIXTH AMENDMENT, dated as of September 28, 2000 (this "Amendment"),
to the Credit Agreement, dated as of November 19, 1997 (as amended, supplemented
or otherwise modified, the "Credit Agreement"), among FRIENDLY ICE CREAM
CORPORATION, a Massachusetts corporation (the "Borrower"), the several banks and
other financial institutions or entities parties thereto (the "Lenders"), and
SOCIETE GENERALE, as administrative agent (in such capacity, the "Administrative
Agent").
W I T N E S S E T H:
WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed
to make, and have made, extensions of credit to the Borrower; and
WHEREAS, the Borrower has requested, and upon this Amendment
becoming effective, the Lenders will have agreed, that certain provisions of the
Credit Agreement be amended in the manner provided for in this Amendment;
NOW, THEREFORE, in consideration of the premises and the agreements
hereinafter set forth, the parties hereto hereby agree as follows:
SECTION 1. DEFINITIONS. Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement.
SECTION 2. AMENDMENTS TO SECTION 7.1 OF THE CREDIT AGREEMENT.
2.1 Section 7.1(a) of the Credit Agreement is hereby amended by
deleting the number "4.20" appearing directly opposite the third quarter of
fiscal 2000 in the table therein and substituting in lieu thereof the number
"4.70".
2.2 Section 7.1(b) of the Credit Agreement is hereby amended by
deleting the number "1.70" appearing directly opposite the third quarter of
fiscal 2000 in the table therein and substituting in lieu thereof the number
"1.50".
SECTION 3. CONDITIONS TO EFFECTIVENESS. This Amendment shall become
effective as of the date set forth above (the "Amendment Effective Date") on the
date on which (a) the Borrower and the Required Lenders shall have executed and
delivered to the
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Administrative Agent this Amendment, (b) each Guarantor shall have executed the
Acknowledgment and Consent in the form annexed hereto, (c) the Borrower shall
have paid all fees required to be paid, and expenses for which invoices have
been presented (including fees, disbursements and other charges of counsel to
the Administrative Agent) in connection with the Credit Agreement and (d) the
Borrower shall have paid to the Administrative Agent, on behalf of each Lender
that shall have executed and delivered its signature page hereto to counsel to
the Administrative Agent by 5:00 p.m. (New York City time) on Thursday,
September 28, 2000, an amendment fee in an amount equal to 0.125% of the sum of
each such Lender's Revolving Credit Commitment and Term Loans then outstanding.
SECTION 4. REPRESENTATIONS AND WARRANTIES. In order to induce the
Administrative Agent and the Lenders to enter into this Amendment, the Borrower
hereby represents and warrants to the Administrative Agent and the Lenders that
the representations and warranties made by the Loan Parties in the Loan
Documents are true and correct in all material respects on and as of the
Amendment Effective Date, before and after giving effect to the effectiveness of
this Amendment, as if made on and as of the Amendment Effective Date, except to
the extent such representations and warranties expressly relate to a specific
earlier date, in which case such representations and warranties were true and
correct as of such earlier date.
SECTION 5. PAYMENT OF EXPENSES. The Borrower agrees to pay or
reimburse the Administrative Agent for all of its reasonable out-of-pocket costs
and expenses incurred in connection with this Amendment and any other documents
prepared in connection herewith and the transactions contemplated hereby,
including, without limitation, the reasonable fees and disbursements of counsel
to the Administrative Agent.
SECTION 6. REFERENCE TO AND EFFECT ON THE LOAN DOCUMENTS. On and
after the Amendment Effective Date, each reference in the Credit Agreement to
"this Agreement", "hereunder", "hereof" or words of like import referring to the
Credit Agreement, and each reference in the other Loan Documents to "the Credit
Agreement", "thereunder", "thereof" or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby. The execution, delivery and effectiveness of this Amendment
shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any Lender or the Administrative Agent under any of
the Loan Documents. Except as expressly amended herein, all of the provisions of
the Credit Agreement and the other Loan Documents are and shall remain in full
force and effect in accordance with the terms thereof and are hereby in all
respects ratified and confirmed.
SECTION 7. COUNTERPARTS. This Amendment may be executed by one or
more of the parties to this Amendment on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one
and the same instrument. Delivery of an executed signature page of this
Amendment by facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof. A set of the copies of this Amendment signed by all
the parties shall be lodged with the Borrower and the Administrative Agent.
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SECTION 8. GOVERNING LAW. This Amendment and the rights and
obligations of the parties hereto shall be governed by, and construed and
interpreted in accordance with, the law of the State of New York.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their proper and duly authorized officers as
of the day and year first above written.
FRIENDLY ICE CREAM CORPORATION
By: ______________________________________
Title:
SOCIETE GENERALE
By: ______________________________________
Title:
TRANSAMERICA BUSINESS CREDIT
CORPORATION
By: ______________________________________
Title:
BLACK DIAMOND INTERNATIONAL
FUNDING, LTD.
By: ______________________________________
Title:
BLACK DIAMOND CLO, 1998-I LTD.
By: ______________________________________
Title:
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BLACK DIAMOND CLO, 2000-I LTD.
By: ______________________________________
Title:
FLEET NATIONAL BANK
By: ______________________________________
Title:
GENERAL ELECTRIC CAPITAL
CORPORATION
By: ______________________________________
Title:
FIRST SOURCE FINANCIAL LLP
By: First Source Financial, Inc.,
its Agent/Manager
By: ______________________________________
Title:
BANK OF AMERICA, N.A.
By: ______________________________________
Title:
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PAMCO CAYMAN LTD.
By: Highland Capital Management, L.P.,
as Collateral Manager
By: ______________________________________
Title:
PAM CAPITAL FUNDING, L.P.
By: Highland Capital Management, L.P.,
as Collateral Manager
By: ______________________________________
Title:
SENIOR DEBT PORTFOLIO
By: Boston Management and Research, as
Investment Advisor
By: ______________________________________
Title:
FIRST UNION NATIONAL BANK
By: ______________________________________
Title:
FOOTHILL INCOME TRUST, L.P.
By: FIT GP LLC, its General Partner
By: ______________________________________
Title:
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LONG LANE MASTER TRUST IV
By: ______________________________________
Title:
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ACKNOWLEDGMENT AND CONSENT
Each of the undersigned corporations as guarantors under the
Guarantee and Collateral Agreement, dated as of November 19, 1997, made by the
undersigned corporations in favor of the Administrative Agent, for the benefit
of the Lenders, hereby (a) consents to the transactions contemplated by this
Amendment and (b) acknowledges and agrees that the guarantees (and grants of
collateral security therefor) contained in such Guarantee and Collateral
Agreement are, and shall remain, in full force and effect after giving effect to
this Amendment and all prior modifications to the Credit Agreement.
FRIENDLY'S RESTAURANTS FRANCHISE,
INC.
By: ______________________________________
Title:
FRIENDLY'S INTERNATIONAL, INC.
By: ______________________________________
Title: