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Exhibit 10.1.4
AMENDMENT NO. 5 TO THE CREDIT AGREEMENT
Dated as of January 6, 1997
AMENDMENT NO. 5 TO THE CREDIT AGREEMENT among Federated
Department Stores, Inc., a Delaware corporation (the "BORROWER"), the banks,
financial institutions and other institutional lenders parties to the Credit
Agreement referred to below (collectively, the "LENDER PARTIES"), Citibank,
N.A., as administrative agent (the "ADMINISTRATIVE AGENT") for the Lender
Parties and The Chase Manhattan Bank, N.A. (formerly known as Chemical Bank), as
agent (the "AGENT").
PRELIMINARY STATEMENTS:
(1) The Borrower, the Lender Parties, the Administrative Agent
and the Agent have entered into a Credit Agreement dated as of December 19, 1994
(such Credit Agreement, as amended, supplemented or otherwise modified through
the date hereof, the "CREDIT AGREEMENT"). Capitalized terms not otherwise
defined in this Amendment have the same meanings as specified in the Credit
Agreement.
(2) The Borrower and the Required Lenders have agreed to
further amend the Credit Agreement as hereinafter set forth.
SECTION 1. AMENDMENTS TO THE CREDIT AGREEMENT. The Credit
Agreement is, effective as of the date hereof and subject to the satisfaction of
the conditions precedent set forth in Section 2 below, hereby amended as
follows:
(a) The definition of "RECEIVABLES FINANCING FACILITY"
contained in Section 1.01 is hereby amended by inserting immediately
after the words "replacement thereof" occurring in the second line of
such definition, the phrase "or other receivables financing".
(b) Section 5.02(d)(v) is hereby amended by deleting the
phrase "substantially as conducted on the date hereof" occurring in the
third line thereof.
SECTION 2. CONDITIONS OF EFFECTIVENESS. This Amendment shall
become effective as of the date first above written when, and only when, on or
before January 15, 1997 (or such later date as the Administrative Agent and the
Borrower shall agree), the Administrative Agent shall have received counterparts
of this Amendment executed by the Borrower and the Required Lenders and each of
the consents attached hereto executed by each Guarantor and each Pledgor, as
applicable. This Amendment is subject to the provisions of Section 8.01 of the
Credit Agreement.
SECTION 3. REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT AND
THE LOAN DOCUMENTS. (a) On and after the effectiveness of this Amendment, 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
any outstanding Notes and each of 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 by this Amendment.
(b) The Credit Agreement, any outstanding Notes and each of
the other Loan Documents, as specifically amended by this Amendment, are and
shall continue to be in full force and effect and are hereby in all respects
ratified and confirmed. Without limiting the
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generality of the foregoing, the Collateral Documents and all of the Collateral
described therein do and shall continue to secure the payment of all Obligations
of the Loan Parties under the Loan Documents, in each case as amended by this
Amendment.
(c) 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, nor constitute a waiver of any provision of any of the
Loan Documents.
SECTION 4. EXECUTION IN COUNTERPARTS. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this Amendment.
SECTION 5. GOVERNING LAW. This Amendment shall be governed
by, and construed in accordance with, the laws of the State of New York.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.
FEDERATED DEPARTMENT STORES, INC.
By: /s/ Karen M. Hoguet
-------------------------------------------
Name: Karen M. Hoguet
Title: Senior Vice President and Treasurer
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CITIBANK, N.A.,
as Administrative Agent and as Lender
By: /s/ Allen Fisher
-------------------------------------------
Name: Allen Fisher
Title: Vice President
THE CHASE MANHATTAN BANK, N.A.
(formerly known as Chemical Bank), as
Agent and as Lender
By: /s/ Ellen L. Gertzog
-------------------------------------------
Name: Ellen L. Gertzog
Title: Vice President
ALLIED IRISH BANKS, PLC
By: /s/ William I. Strickland
-------------------------------------------
Name: William I. Strickland
Title: Senior Vice President
By: /s/ Marcia Meeker
-------------------------------------------
Name: Marcia Meeker
Title: Vice President
AERIES FINANCE LTD.
By: /s/
-------------------------------------------
Name:
Title:
ARAB BANK PLC, GRAND CAYMAN
By: /s/
-------------------------------------------
Name:
Title:
ARAB BANKING CORPORATION
By: /s/ Grant E. McDonald
-------------------------------------------
Name: Grant E. McDonald
Title: Vice President
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THE ASAHI BANK, LTD.
By: /s/
-------------------------------------------
Name:
Title:
PT. BANK NEGARA INDONESIA (PERSERO)
By: /s/Debra Sothapa
-------------------------------------------
Name: Debra Sothapa
Title: General Manager
BANK OF AMERICA ILLINOIS
By: /s/ M A Detrick
-------------------------------------------
Name: M A Detrick
Title: Vice President
BANK OF IRELAND
By
-------------------------------------------
Name:
Title:
BANK OF MONTREAL
By: /s/ Thomas H. Peer
-------------------------------------------
Name: Thomas H. Peer
Title: Director
THE BANK OF NEW YORK
By: /s/ Paula DiPonzio
-------------------------------------------
Name: Paula DiPonzio
Title: Vice President
BANK ONE, COLUMBUS, N.A.
By: /s/ Wendy Mayhew Kephart
-------------------------------------------
Name: Wendy Mayhew Kephart
Title: Vice President
BANK POLSKA KASA OPIEKI, S.A.,
NEW YORK BRANCH
By: /s/ Hussein B. El-Tawil
-------------------------------------------
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Name: Hussein B. El-Tawil
Title: Vice President
BANK OF SCOTLAND
By: /s/ Catherine M. Oniferey
-------------------------------------------
Name: Catherine M. Oniferey
Title: Vice President
THE BANK OF TOKYO - MITSUBISHI LTD.
By: /s/ Noboru Kobayashi
-------------------------------------------
Name: Noboru Kobayashi
Title: Deputy General Manager
BANKERS TRUST
By
-------------------------------------------
Name:
Title:
BANQUE PARIBAS
By: /s/ Mary T. Finnegan
-------------------------------------------
Name: Mary T. Finnegan
Title: Group Vice President
By: /s/ Heather Zimmermann
-------------------------------------------
Name: Heather Zimmermann
Title: Assistant Vice President
BARCLAYS BANK PLC
By: /s/ Paresh Kanaw
-------------------------------------------
Name: Paresh Kanaw
Title: Associate Director
BEAR STEARNS & CO. INC.
By: /s/
-------------------------------------------
Name:
Title:
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BHF BANK AKTIENGESELLSCHAFT
Grand Cayman Branch
(f/k/a Berliner Handels-Und Frankfurter
Bank)
By: /s/ John Sykes
-------------------------------------------
Name: John Sykes
Title: Assistant Vice President
By: /s/ Evon Contos
-------------------------------------------
Name: Evon Contos
Title: Vice President
CAISSE NATIONALE DE CREDIT AGRICOLE
By: /s/ David Bouhl
-------------------------------------------
Name: David Bouhl
Title: Head of Corporate Banking - Chicago
CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ Cheryl L. Root
-------------------------------------------
Name: Cheryl L. Root
Title: Director, CIBC Wood Gundy Securities
Corp., as Agent
CAPTIVA FINANCE LTD.
By: /s/
-------------------------------------------
Name:
Title:
CERES FINANCE LTD.
By: /s/
-------------------------------------------
Name:
Title:
THE CHASE MANHATTAN BANK
By: /s/ Ellen L. Gertzog
-------------------------------------------
Name: Ellen L. Gertzog
Title: Vice President
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CITICORP SECURITIES, INC.
By: /s/ Allen Fisher
-------------------------------------------
Name: Allen Fisher
Title: Vice President
COMERICA BANK
By: /s/ Hugh G. Porter
-------------------------------------------
Name: Hugh G. Porter
Title: Vice President
COMMERZBANK AKTIENGESELLSCHAFT,
GRAND CAYMAN BRANCH
By: /s/ Mark Monson
-------------------------------------------
Name: Mark Monson
Title: Vice President
By: /s/ William J. Binder
-------------------------------------------
Name: William J. Binder
Title: Assistant Vice President
CREDIT LYONNAIS CAYMAN ISLAND BRANCH
By: /s/
-------------------------------------------
Name:
Title:
CREDIT SUISSE
By: /s/
-------------------------------------------
Name:
Title:
DEUTSCHE BANK AG NEW YORK
AND/OR CAYMAN ISLAND BRANCHES
By: /s/ David H. Kahn
-------------------------------------------
Name: David H. Kahn
Title: Assistant Vice President
By: /s/ Jean Hannigan
-------------------------------------------
Name: Jean Hannigan
Title: Vice President
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DLJ CAPITAL FUNDING, INC.
By: /s/ Stephen P. Hickey
-------------------------------------------
Name: Stephen P. Hickey
Title: Managing Director
THE FIFTH THIRD BANK
By: /s/ Robert C. Ries
-------------------------------------------
Name: Robert C. Ries
Title: Vice President
THE FIRST NATIONAL BANK OF BOSTON
By: /s/
-------------------------------------------
Name:
Title:
THE FIRST NATIONAL BANK OF CHICAGO
By: /s/ Tara W. Clark
-------------------------------------------
Name: Tara W. Clark
Title: Vice President
THE FIRST NATIONAL BANK OF MARYLAND
By: /s/ Clinton S. Lucas
-------------------------------------------
Name: Clinton S. Lucas
Title: Vice President
FLEET NATIONAL BANK
By: /s/ Richard Seafert
-------------------------------------------
Name: Richard Seafert
Title: Vice President
FLEET BANK N.A.
By: /s/ Richard Seafert
-------------------------------------------
Name: Richard Seafert
Title: Vice President
THE FUJI BANK, LIMITED, NEW YORK BRANCH
By: /s/ Teiji Teramoto
-------------------------------------------
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Name: Teiji Teramoto
Title: Vice President and Manager
GULF INTERNATIONAL BANK
By: /s/ Abdel-Fattah Tahoun
-------------------------------------------
Name: Abdel-Fattah Tahoun
Title: Senior Vice President
By: /s/ Thomas E. Fitzherbert
-------------------------------------------
Name: Thomas E. Fitzherbert
Title: Vice President
THE INDUSTRIAL BANK OF JAPAN, LTD.
By: /s/ Takuya Honjo
-------------------------------------------
Name: Takuya Honjo
Title: Senior Vice President
INTERNATIONALE NEDERLANDEN BANK (U.S.) CAPITAL
CORP.
By: /s/
-------------------------------------------
Name:
Title:
KEYBANK NATIONAL ASSOCIATION
By: /s/
-------------------------------------------
Name:
Title:
LEHMAN COMMERCIAL PAPER
By: /s/
-------------------------------------------
Name:
Title:
MELLON BANK, N.A.
By: /s/ Joan W. Bird
-------------------------------------------
Name: Joan W. Bird
Title: Vice President
MERITA BANK, LTD.
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By: /s/
-------------------------------------------
Name:
Title:
MERRILL LYNCH PRIME RATE PORTFOLIO
By: Merrill Lynch Asset Management, L.P.,
as Investment Advisor
By: /s/ Gilles Marchand
-------------------------------------------
Name: Gilles Marchand, CFA
Title: Authorized Signatory
MERRILL LYNCH SENIOR FLOATING RATE FUND, INC.
By: /s/ Gilles Marchand
-------------------------------------------
Name: Gilles Marchand, CFA
Title: Authorized Signatory
SENIOR HIGH INCOME PORTFOLIO, INC.
By: /s/ Gilles Marchand
-------------------------------------------
Name: Gilles Marchand, CFA
Title: Authorized Signatory
MITSUBISHI TRUST
By: /s/ Patricia Loret De Mola
-------------------------------------------
Name: Patricia Loret De Mola
Title: Senior Vice President
THE MITSUI TRUST & BANKING CO., LTD.
By: /s/ Margaret Holloway
-------------------------------------------
Name: Margaret Holloway
Title: Vice President and Manager
MS SENIOR FUNDING, INC.
By: /s/
-------------------------------------------
Name:
Title:
NATIONAL WESTMINSTER BANK PLC
By: /s/ W. Wakefield Smith
-------------------------------------------
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Name: W. Wakefield Smith
Title: Vice President
NATIONSBANK, N.A.
By: /s/ Michael D. McKay
-------------------------------------------
Name: Michael D. McKay
Title: Senior Vice President
THE NIPPON CREDIT BANK, LTD.
By: /s/ Barry S. Fein
-------------------------------------------
Name: Barry S. Fein
Title: Assistant Vice President
PNC BANK, OHIO, NATIONAL ASSOCIATION
By: /s/ Bruce A. Kintner
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Name: Bruce A. Kintner
Title: Vice President
RESTRUCTURED OBLIGATIONS BACKED BY
SENIOR ASSETS B.V.
By: Chancellor LGT Senior Secured Management, Inc.
as Portfolio Advisor
By: /s/ Stephen M. Alfieri
-------------------------------------------
Name: Christopher E. Jansen
Title: Managing Director
STICHTING RESTRUCTURED OBLIGATIONS
BACKED BY SENIOR ASSETS2 (ROSA2)
By: Chancellor LGT Senior Secured Management, Inc.
as Portfolio Advisor
By: /s/ Stephen M. Alfieri
-------------------------------------------
Name: Stephen M. Alfieri
Title: Managing Director
THE SANWA BANK, LIMITED, NEW YORK BRANCH
By: /s/ Jean-Michel Fatovic
-------------------------------------------
Name: Jean-Michel Fatovic
Title: Vice President
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SENIOR DEBT PORTFOLIO
By Boston Management and Research, as
Investment Advisor
By: /s/ Payson F. Swaffield
-------------------------------------------
Name: Payson F. Swaffield
Title: Vice President
SOCIETE GENERALE
By: /s/ E. Bellaiche
-------------------------------------------
Name: E. Bellaiche
Title: Vice President
STAR BANK, N.A.
By: /s/ William J. Goodwin
-------------------------------------------
Name: William J. Goodwin
Title: Senior Vice President
STRATA FUNDING LTD.
By: /s/
-------------------------------------------
Name:
Title:
THE SUMITOMO BANK, LTD. NEW YORK BRANCH
By: /s/ Yoshinori Kawamura
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Name: Yoshinori Kawmura
Title: Joint General Manager, Management
THE SUMITOMO TRUST & BANKING
CO., LTD., NEW YORK BRANCH
By: /s/ Suraj P. Bhatia
-------------------------------------------
Name: Suraj P. Bhatia
Title: Manager, Corporate Finance Department
SUNTRUST BANK
CENTRAL FLORIDA, N.A.
By: /s/ Janet P. Sammons
-------------------------------------------
Name: Janet P. Sammons
Title: Vice President
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THE TRAVELER'S INSURANCE COMPANY
By: /s/
-------------------------------------------
Name:
Title:
UNION BANK OF CALIFORNIA
By: /s/ Timothy P. Sterb
-------------------------------------------
Name: Timothy P. Sterb
Title: Vice President
VAN KAMPEN AMERICAN CAPITAL PRIME RATE INCOME TRUST
By: /s/ Jeffrey W. Maillet
-------------------------------------------
Name: Jeffrey W. Maillet
Title: Senior Vice President & Director
WACHOVIA BANK OF GEORGIA, N.A.
By: /s/
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Name:
Title:
MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
By: /s/ Mark A. Ahmed
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Name: Mark A. Ahmed
Title: Managing Director
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CONSENT
Dated as of January 6, 1997
Each of the undersigned, as a Guarantor under the
Guaranty dated as of December 19, 1994 (the "GUARANTY") in favor of the
Administrative Agent, for its benefit and the benefit of the Lender
Parties party to the Credit Agreement referred to in the foregoing
Amendment, hereby consents to such Amendment and hereby confirms and
agrees that notwithstanding the effectiveness of such Amendment, the
Guaranty is, and shall continue to be, in full force and effect and is
hereby ratified and confirmed in all respects, except that, on and
after the effectiveness of such Amendment, each reference in the
Guaranty to the "Credit Agreement", "thereunder", "thereof" or words of
like import shall mean and be a reference to the Credit Agreement, as
amended by such Amendment.
BLOOMINGDALE'S, INC.
BLOOMINGDALE'S BY MAIL LTD.
THE BON, INC.
BROADWAY STORES, INC.
BULLOCK'S, INC.
BURDINES, INC.
FEDERATED REAL ESTATE, INC.
FEDERATED RETAIL HOLDINGS, INC.
LAZARUS, INC.
LAZARUS PA, INC.
MACY'S CLOSE-OUT, INC.
MACY'S EAST, INC.
MACY'S REAL ESTATE, INC.
MACY'S SPECIALTY STORES, INC.
MACY'S WEST, INC.
RICH'S DEPARTMENT STORES, INC.
STERN'S DEPARTMENT STORES, INC.
By: /s/ Karen M. Hoguet
-----------------------------------------------
Name: Karen M. Hoguet
Title: Senior Vice President and Treasurer
Address of Chief Executive Office and for Notices:
7 West Seventh Street
Cincinnati, OH 45202
Attention: Chief Financial Officer
(with a copy to General Counsel)
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CONSENT
Dated as of January 6, 1997
Each of the undersigned, as a Pledgor under the Security
Agreement dated as of December 19, 1994 (the "SECURITY AGREEMENT") in favor of
the Administrative Agent, for its benefit and the benefit of the Lender Parties
party to the Credit Agreement referred to in the foregoing Amendment, hereby
consents to such Amendment and hereby confirms and agrees that (a)
notwithstanding the effectiveness of such Amendment, the Security Agreement is,
and shall continue to be, in full force and effect and is hereby ratified and
confirmed in all respects, except that, on and after the effectiveness of such
Amendment, each reference in the Security Agreement to the "Credit Agreement",
"thereunder", "thereof" or words of like import shall mean and be a reference to
the Credit Agreement, as amended by such Amendment, and (b) the Collateral
Documents to which such Pledgor is a party and all of the Collateral described
therein do, and shall continue to, secure the payment of all of the Secured
Obligations (in each case, as defined therein).
FEDERATED DEPARTMENT STORES, INC.
By: /s/ Karen M. Hoguet
-----------------------------------------------
Name: Karen M. Hoguet
Title: Senior Vice President and Treasurer
Address of Chief Executive Office and for Notices:
7 West Seventh Street
Cincinnati, OH 45202
Attention:Chief Financial Officer
(with a copy to General Counsel)
FEDERATED RETAIL HOLDINGS, INC.
By: /s/ Karen M. Hoguet
-----------------------------------------------
Name: Karen M. Hoguet
Title: Senior Vice President and Treasurer
Address of Chief Executive Office and for Notices:
7 West Seventh Street
Cincinnati, OH 45202
Attention: Chief Financial Officer
(with a copy to General Counsel)