1
EXHIBIT 10.2
AMENDMENT THREE TO SECOND AMENDED AND RESTATED CREDIT
FACILITY AGREEMENT DATED AS OF APRIL 27, 1999
WHEREAS, Dresdner Bank Lateinamerika Aktiengesellschaft, Miami Agency
as Agent and Lender, and First Union National Bank, Bank of America, NA,
Wachovia Bank, N.A., Bank Leumi USA, Banque Sudameris, Miami Agency, and Israel
Discount Bank Limited, Miami Agency, as Lenders, and Dycom Industries, Inc., as
Borrower, are parties to the Second Amended and Restated Credit Facility
Agreement dated 27 April 1999, as amended (the "Agreement"); and
WHEREAS, the parties have agreed to further modification of the
Agreement;
NOW, THEREFORE, in consideration of the mutual promises and good and
valuable consideration, the sufficiency of which is hereby agreed, the parties
agree as follows:
1. Section 6.02(D) is hereby amended by adding the following
sentence after the sentence ending with "...Standard & Poor's
Corporation.":
"Borrower may, however, repurchase or become
obligated (whether contingently or otherwise) to repurchase
outstanding shares of common stock of Borrower in an amount
of up to an aggregate maximum of $36,000,000 at any time, net
of any amounts received from the resale of shares previously
repurchased."
2. Except as herein modified and amended, the Agreement remains
in full force and effect.
3. The effectiveness of Amendment Three shall be subject to the
following:
a) execution by Borrower and Majority Lenders, as defined in
the Agreement; and
b) receipt by the Agent of a one-time payment of $35,000
from the Borrower, to be shared equally with each of the
other Lenders under The Agreement.
4. The Borrower represents and warrants that it has no cause of
action or claim against the Agent or the Lenders as of the date of this
Amendment, and further waives any claim or cause of action against the Agent or
the Lenders that may have arisen as of the date of this Amendment. Borrower
further acknowledges and agrees that it neither has, nor has had, any defenses,
counterclaims, or setoffs or any rights therefor to its obligations under the
Second Amended and Restated Credit Facility Agreement or any loan documents.
2
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this 13th day of June, 2001:
Borrower:
Dycom Industries, Inc.
By: /s/ Richard L. Dunn
------------------------------
Name: Richard L. Dunn
----------------------------
Title: Senior Vice President
---------------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By: /s/
------------------------------
Name: Frank Huthnance
----------------------------
Title: Vice President
---------------------------
By: /s/ Alan Hills
------------------------------
Name: Alan Hills
----------------------------
Title: Vice President
---------------------------
Lender:
----------------------------------
By:
------------------------------
Name:
----------------------------
Title:
---------------------------
3
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this 14 day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------
Name:
----------------------
Title:
---------------------
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Bank of America, N.A.
By: /s/ Andrew M. Airheart
------------------------
Name: ANDREW M. AIRHEART
----------------------
Title: MANAGING DIRECTOR
---------------------
4
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this ____ day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------------
Name:
----------------------------
Title:
---------------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------------
Name:
----------------------------
Title:
---------------------------
By:
------------------------------
Name:
----------------------------
Title:
---------------------------
Lender:
Bank of Leumi USA
By: /s/ Richard Silverstein
-------------------------------
Name: Richard Silverstein
-----------------------------
Title: Senior Vice President V.P.
----------------------------
5
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this 13 day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------
Name:
----------------------
Title:
---------------------
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Banque Sudameris Miami Agency
By: /s/ Sebastiao Cumba By: /s/ Efrain Lopez
------------------------ ------------------------
Name: Sebastiao Cumba Name: Efrain Lopez
---------------------- ----------------------
Title: Senior VP & Manager Title: Assistant VP
--------------------- ---------------------
6
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this __ day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------
Name:
----------------------
Title:
---------------------
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
First Union National Bank
By: /s/ Donald J. Mathews
------------------------
Name: Donald J. Mathews
----------------------
Title: Vice President
---------------------
7
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this __ day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------
Name:
----------------------
Title:
---------------------
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Wachovia Bank
By: /s/ Richard W. Varaua
------------------------
Name: Richard W. Varaua
----------------------
Title: VP
---------------------
8
IN WITNESS WHEREOF, the parties have executed this Amendment Three to
the Second Amended and Restated Credit Facility Agreement dated as of April 27,
1999 on this 13 day of June, 2001:
Borrower:
Dycom Industries, Inc.
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Dresdner Bank Lateinamerika AG
(also as Agent)
By:
------------------------
Name:
----------------------
Title:
---------------------
By:
------------------------
Name:
----------------------
Title:
---------------------
Lender:
Israel Discount Bank Limited,
Miami Agency
By: /s/ Roberto R. Munoz
------------------------
Name: Roberto R. Munoz
----------------------
Title: Vice President
---------------------