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EX-31.1 - EXHIBIT 31-1 - TEGNA INCc06537exv31w1.htm
EX-32.1 - EXHIBIT 32-1 - TEGNA INCc06537exv32w1.htm
EX-10.1 - EXHIBIT 10-1 - TEGNA INCc06537exv10w1.htm
EX-10.2 - EXHIBIT 10-2 - TEGNA INCc06537exv10w2.htm
EX-10.3 - EXHIBIT 10-3 - TEGNA INCc06537exv10w3.htm
EX-32.2 - EXHIBIT 32-2 - TEGNA INCc06537exv32w2.htm
EX-10.4 - EXHIBIT 10-4 - TEGNA INCc06537exv10w4.htm
EX-31.2 - EXHIBIT 31-2 - TEGNA INCc06537exv31w2.htm
EXCEL - IDEA: XBRL DOCUMENT - TEGNA INCFinancial_Report.xls
10-Q - FORM 10-Q - TEGNA INCc06537e10vq.htm
Exhibit 10-5
FOURTH AMENDMENT
FOURTH AMENDMENT, dated as of August 25, 2010 (this “Amendment”), to the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005, as amended by the First Amendment thereto, dated as of February 28, 2007 and effective as of March 15, 2007, as further amended by the Second Amendment thereto, dated as of October 23, 2008 and effective as of October 31, 2008 and as further amended by the Third Amendment thereto, dated as of September 28, 2009 (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among GANNETT CO., INC., a Delaware corporation (“Gannett”), the several banks and other financial institutions parties to the Credit Agreement (the “Lenders”), BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as syndication agent, and BARCLAYS BANK PLC, as documentation agent, and Banc of America Securities LLC and J.P.Morgan Securities Inc. as joint lead arrangers and joint bookrunners.
W I T N E S S E T H:
WHEREAS, Gannett has requested certain amendments to the Credit Agreement;
WHEREAS, the parties are willing to consent to the requested amendments on the terms and conditions contained herein;
NOW THEREFORE, the parties hereto hereby agree as follows:
1. Defined Terms. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
2. Amendments to Section 1.1. Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions, in proper alphabetical order, as follows:
Fourth Amendment”: the Fourth Amendment to the Agreement dated as of August 25, 2010, among Gannett, the Lenders and the Administrative Agent.
Fourth Amendment Arranger”: J.P. Morgan Securities Inc., solely in its capacity as arranger of the Fourth Amendment.
Fourth Amendment Effective Date”: the date on which the conditions precedent set forth in paragraph 5 of the Fourth Amendment shall have been satisfied or waived.
3. Amendment to Section 6.5 (“Indebtedness”). Clause (i) of Section 6.5(b) of the Credit Agreement is hereby amended in its entirety as follows:
“(i) permit any Guarantor to, directly or indirectly, create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except (A) unsecured Indebtedness, the proceeds of which are used to refinance any of Gannett’s bonds having a maturity date earlier than the Five-Year Termination Date, (B) Indebtedness among Gannett and one or more Guarantors, or among Guarantors, in each case that is contractually subordinated to the Obligations and (C) Indebtedness other than Indebtedness of a type specified in clauses (A) or (B) of this paragraph (i) in an aggregate principal not to exceed $1,443,429,000 at any one time outstanding; or”

 

 


 

4. Amendment to Article VIII. Article VIII (“The Administrative Agent”) of the Credit Agreement is amended by adding a new Section 8.11 (“Fourth Amendment Arranger”) as follows:
Section 8.11 Fourth Amendment Arranger. The rights, privileges, protections, immunities and benefits given to the Administrative Agent, including without limitation its right to be indemnified, are extended to, and shall be enforceable by, J.P. Morgan Securities Inc., solely in its capacity as Fourth Amendment Arranger, on an equivalent basis, as applicable, as the Administrative Agent.
5. Effectiveness. This Amendment shall become effective as of the date (the “Fourth Amendment Effective Date”) on which J.P. Morgan Securities Inc., as arranger of this Fourth Amendment (the “Fourth Amendment Arranger”) shall have received counterparts hereof duly executed by (i) Gannett, (ii) the Administrative Agent and (iii) Lenders constituting Required Lenders.
6. Representations and Warranties. Gannett hereby represents and warrants that, on and as of the Fourth Amendment Effective Date, after giving effect to this Amendment:
(a) No Default or Event of Default has occurred and is continuing; and
(b) Each of the representations and warranties of Gannett in the Credit Agreement and this Amendment is true and correct in all material respects, as if made on and as of the date hereof; and since December 27, 2009 there has been no Material change in the business or financial condition of Gannett and its Subsidiaries taken as a whole that has not been publicly disclosed.
7. Continuing Effect. Except as expressly amended hereby, the Credit Agreement shall continue to be and shall remain in full force and effect in accordance with its terms. From and after the date hereof, all references in the Credit Agreement thereto shall be to the Credit Agreement as amended hereby.
8. Counterparts. This Amendment may be executed by one or more of the parties hereto 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.
9. Headings. Section headings used in this Amendment are for convenience of reference only, are not part of this Amendment and are not to affect the constructions of, or to be taken into consideration in interpreting, this Amendment.
10. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
11. Expenses. Gannett agrees to pay or reimburse each of the Administrative Agent and the Fourth Amendment Arranger for all of their reasonable out-of-pocket costs and expenses incurred in connection with the preparation, negotiation and execution of this Amendment, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and Fourth Amendment Arranger.
[Remainder of page intentionally left blank]

 

2


 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first written above.
         
  GANNETT CO., INC.
 
 
  By:   /s/ Michael A. Hart    
    Name:   Michael A. Hart   
    Title:   Vice President & Treasurer   
 
  BANK OF AMERICA, N.A., as Administrative Agent
 
 
  By:   /s/ Antonika Thomas    
    Name:   Antonika (Toni) Thomas   
    Title:   Assistant Vice President   
         
Consented to and agreed:

J.P. MORGAN SECURITIES INC.,
as Fourth Amendment Arranger
 
   
By:   /s/ David Mallett      
  Name:   David Mallett     
  Title:   Managing Director     
Signature page to Fourth Amendment to Credit Agreement

 

 


 

         
  Bank of America, N.A.    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Peter van der Horst    
    Name:   Peter van der Horst   
    Title:   Senior Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

2


 

         
  Bank of Hawaii    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Marc Adelberger    
    Name:   Marc Adelberger   
    Title:   Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

3


 

         
  The Bank of Tokyo-Mitsubishi UFJ, Ltd.
New York Branch  
 
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ G. Stoecklein    
    Name:   G. Stoecklein   
    Title:   Authorized Signatory   
Signature page to Fourth Amendment to Credit Agreement

 

4


 

         
  Barclays Bank PLC    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Noam Azachi    
    Name:   Noam Azachi   
    Title:   Assistant Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

5


 

         
  Citibank, N.A.    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Elizabeth Gonzalez    
    Name:   Elizabeth Minnella Gonzalez   
    Title:   Vice President and Director   
Signature page to Fourth Amendment to Credit Agreement

 

6


 

         
  Comerica Bank    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Blake Arnett    
    Name:   Blake Arnett   
    Title:   Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

7


 

         
  Fifth Third Bank    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Randolph J. Steirer    
    Name:   Randolph J. Steirer   
    Title:   Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

8


 

         
  First Hawaiian Bank    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Jeffrey N. Higashi    
    Name:   Jeffrey N. Higashi   
    Title:   Senior Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

9


 

         
  JPMorgan Chase Bank, N.A.    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Peter B. Thauer    
    Name:   Peter B. Thauer   
    Title:   Executive Director   
Signature page to Fourth Amendment to Credit Agreement

 

10


 

         
  Lloyds TSB Bank, plc    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Windsor Davies    
    Name:   Windsor Davies   
    Title:   Managing Director, Corporate Banking   
     
  By:   /s/ Deborah Carlson    
    Name:   Deborah Carlson   
    Title:   Senior vice President, Corporate Banking   
Signature page to Fourth Amendment to Credit Agreement

 

11


 

         
  Mizuho Corporate Bank, Ltd.    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Raymond Ventura    
    Name:   Raymond Ventura   
    Title:   Deputy General Manager   
Signature page to Fourth Amendment to Credit Agreement

 

12


 

         
  The Northern Trust Company    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Lisa McDermott    
    Name:   Lisa McDermott   
    Title:   Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

13


 

         
  Suntrust Bank    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Michael Vegh    
    Name:   Michael Vegh   
    Title:   Director   
Signature page to Fourth Amendment to Credit Agreement

 

14


 

         
  US Bank National Association    
  [NAME OF LENDER], as a Lender
 
 
  By:   /s/ Steven L. Sawyer    
    Name:   Steven L. Sawyer   
    Title:   Vice President   
Signature page to Fourth Amendment to Credit Agreement

 

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