SECOND AMENDMENT SECOND AMENDMENT (this "Amendment"), dated as of June 15, 2001, among FLOWERS FOODS, INC., a Georgia corporation (the "Borrower"), the Lenders party to the Credit Agreement referred to below (the "Lenders"), SUNTRUST BANK, as...
1
EXHIBIT 10.2
SECOND AMENDMENT
SECOND AMENDMENT (this "Amendment"), dated as of June 15,
2001, among FLOWERS FOODS, INC., a Georgia corporation (the "Borrower"), the
Lenders party to the Credit Agreement referred to below (the "Lenders"),
SUNTRUST BANK, as syndication agent (the "Syndication Agent"), and BANKERS TRUST
COMPANY, as administrative agent (the "Administrative Agent" and, together with
the Syndication Agent, the "Agents" and each, an "Agent"). All capitalized terms
used herein and not otherwise defined herein shall have the respective meanings
provided such terms in the Credit Agreement referred to below.
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders and the Agents are parties
to the Credit Agreement, dated as of March 26, 2001 (as amended, modified,
restated and/or supplemented through, but not including, the date hereof, the
"Credit Agreement");
WHEREAS, the Borrower has requested, and the Agents and the
Lenders have agreed to, the amendments and waivers provided herein on the terms
and conditions set forth herein;
NOW, THEREFORE, it is agreed:
1. Section 11 of the Credit Agreement is hereby amended
by amending the definition of "Test Period" appearing therein by (i) deleting
the first reference to "April 1, 2002" appearing therein and inserting a
reference to "July 1, 2002" in lieu thereof and (ii) deleting the first
reference to "March 31, 2001" appearing therein and inserting a reference to
"June 30, 2001" in lieu thereof.
2. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.
3. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.
4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.
5. This Amendment shall become effective on the date
(the "Second Amendment Effective Date") when the Borrower and the Required
Lenders shall have signed a
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counterpart hereof (whether the same or different counterparts) and shall have
delivered (including by way of facsimile transmission) the same to the
Administrative Agent at the Notice Office.
6. In order to induce the Lenders to enter into this
Amendment, the Borrower hereby represents and warrants that (i) no Default or
Event of Default exists as of the Second Amendment Effective Date, after giving
effect to this Amendment, and (ii) on the Second Amendment Effective Date, after
giving effect to this Amendment, all representations and warranties contained in
the Credit Agreement and in the other Credit Documents are true and correct in
all material respects (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be true and
correct in all material respects only as of such specified date).
7. From and after the Second Amendment Effective Date,
all references in the Credit Agreement and each of the Credit Documents to the
Credit Agreement shall be deemed to be references to the Credit Agreement as
modified hereby. This Amendment shall constitute a Credit Document for all
purposes under the Credit Agreement and the other Credit Documents.
* * *
-2-
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IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Amendment to be duly executed and delivered as of the date
first above written.
FLOWERS FOODS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇.
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇.
Title: Treasurer
BANKERS TRUST COMPANY,
Individually and as Administrative Agent
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
SUNTRUST BANK, Individually and as
Syndication Agent
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President
AG FIRST FARM CREDIT BANK
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇.
---------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇.
Title: Vice President
4
LANDMARK CDO LIMITED
By: Aladdin Asset Management LLC
as Manager
By: /s/ T. Egsochacik
---------------------------------------------
Name: T. Egsochacik
Title: Vice President
5
AIB GROUP
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: Vice President
6
ALLSTATE LIFE INSURANCE COMPANY
By:
---------------------------------------------
Name:
Title:
By:
----------------------------------------------
Name:
Title:
7
ARES LEVERAGED INVESTMENT FUND II, L.P.
By: Ares Management II L.P.
its General Partner
By: /s/ ▇▇▇▇▇ Sail
----------------------------------------------
Name: ▇▇▇▇▇ Sail
Title: Unknown
ARES IV CLO, LTD.
By: ARES CLO Management IV, L.P.,
as Investment Manager
By: ARES CLO ▇▇ ▇▇, LLC,
its Investment Manager
By: /s/ ▇▇▇▇▇ Sail
---------------------------------------------
Name: ▇▇▇▇▇ Sail
Title: Unknown
8
BAVARIA TRR CORPORATION
By:
---------------------------------------------
Name:
Title:
9
GRAYSTON CLO 2001-1 LTD.
By: Bear Streans Asset Management, Inc.
as its Collateral Manager
By:
---------------------------------------------
Name:
Title:
10
BANK HAPOALIM B.M.
By:
---------------------------------------------
Name:
Title:
▇▇
▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Managing Director
12
CHEVY CHASE FEDERAL SAVINGS BANK
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Assistant Vice President
13
ELT LTD.
By:
---------------------------------------------
Name:
Title:
14
COBANK
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
15
CREDIT LYONNAIS
By:
---------------------------------------------
Name:
Title:
By:
---------------------------------------------
Name:
Title:
16
▇▇▇▇▇ ▇▇▇▇▇ CDO III
By: ▇▇▇▇▇ ▇▇▇▇▇ Management,
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇▇▇ CDO IV
By: ▇▇▇▇▇ ▇▇▇▇▇ Management,
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇▇▇ CDO V
By: ▇▇▇▇▇ ▇▇▇▇▇ Management,
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇▇▇ SENIOR INCOME TRUST
By: ▇▇▇▇▇ ▇▇▇▇▇ Management,
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ & CO.
By: Boston Management and Research,
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
17
SENIOR DEBT PORTFOLIO
By: Boston Management and Research
as Investment Advisor
By:
---------------------------------------------
Name:
Title:
▇▇
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇
Title: Assistant Vice President
▇▇
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
20
FLAGSHIP CLO-2001-1
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Managing Director
21
FRANKLIN CLO II, LTD.
By:
---------------------------------------------
Name:
Title:
FRANKLIN FLOAT RATE MASTER SERIES
By:
---------------------------------------------
Name:
Title:
FRANKLIN FLOATING RATE DAILY ACCESS FUND
By:
---------------------------------------------
Name:
Title:
22
APEX (IDM) CDO I, LTD.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Managing Director
23
FIRST UNION NATIONAL BANK
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President
24
HARCH CLO I LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Signatory
25
▇▇▇▇▇▇ TRUST AND SAVINGS BANK
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
26
THE INDUSTRIAL BANK OF JAPAN, LTD.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Senior Vice President
27
RIVIERA FUNDING LLC
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Assistant Vice President
28
FLEET NATIONAL BANK
As Trust Administrator For Long Lane
Master Trust IV
By:
---------------------------------------------
Name:
Title:
29
THE MITSUBISHI TRUST AND BANKING
CORPORATION
By:
---------------------------------------------
Name:
Title:
30
NATEXIS BANQUE POPULARIES
By:
---------------------------------------------
Name:
Title:
31
NUVEEN FLOATING RATE FUND
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Managing Partner
32
OAK HILL CLO MANAGEMENT I, LLC
as Investment Manager for Oak Hill Credit
Partners I, Limited
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Authorized Signatory
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities GenPar, L.P.
its General Partner
By: Oak Hill Securities MGP, Inc.,
its General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
OAK HILL SECURITIES FUND II, L.P.
By: Oak Hill Securities GenPar II, L.P.
its General Partner
By: Oak Hill Securities MGP II, Inc.,
its General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
33
▇▇▇▇▇▇▇▇▇▇▇ SENIOR FLOATING RATE FUND
By:
---------------------------------------------
Name:
Title:
34
PILGRIM PRIME RATE TRUST
By: Pilgrim Investments Inc.,
as its Investment Manager
By:
---------------------------------------------
Name:
Title:
PILGRIM SENIOR INCOME FUND
By: Pilgrim Investments, Inc.,
as its investment manager
By:
---------------------------------------------
Name:
Title:
35
KZH LANGDALE LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Authorized Agent
▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long
---------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Long
Title: Vice President
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Managing Director
37
REGIONS BANK
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President
38
SANKATY HIGH YIELD PARTNER II, LP
By: /s/ ▇▇▇ ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇ ▇▇▇▇▇▇
Title: Vice President
SANKATY HIGH YIELD PARTNER III, LP
By: /s/ ▇▇▇ ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇ ▇▇▇▇▇▇
Title: Vice President
GREAT POINT CLO 1999-1 LTD
By: Sankaty Advisors, Inc. as Collateral
Manager
By:
---------------------------------------------
Name:
Title:
39
▇▇▇▇▇▇▇▇▇ CLO, LTD.
By: ▇▇▇▇▇▇▇▇▇ Capital Partners LLC
as its Collateral Manager
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Partner
▇▇▇▇▇▇▇▇▇ ARBITRAGE CDO, LTD.
By: ▇▇▇▇▇▇▇▇▇ Capital Partners LLC
as its Collateral Manager
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Partner
40
▇▇▇▇▇ ▇▇▇ FLOATING RATE LIMITED
LIABILITY COMPANY
By:
---------------------------------------------
Name:
Title:
LIBERTY - ▇▇▇▇▇ ▇▇▇ ADVISOR
FLOATING RATE ADVANTAGE FUND
By:
---------------------------------------------
Name:
Title:
SRF TRADING, INC.
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇ - SRF 2000 LLC
By:
---------------------------------------------
Name:
Title:
▇▇▇▇▇ ▇▇▇ & FARNHAM CLO I LTD.
By:
---------------------------------------------
Name:
Title:
THE SUMITOMO TRUST & BANKING CO,
LTD.
By:
---------------------------------------------
Name:
Title:
41
THERMOPYLAE FUNDING CORP.
By:
---------------------------------------------
Name:
Title:
42
TORONTO DOMINION (NEW YORK), INC.
By:
---------------------------------------------
Name:
Title:
43
TRANSAMERICA BUSINESS CREDIT
By:
---------------------------------------------
Name:
Title:
44
COLUMBUS LOAN FUNDING LTD.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Second Vice President
TRAVELERS CORPORATE LOAN FUND, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Second Vice President
THE TRAVELERS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Second Vice President
45
▇▇▇▇▇ CLO LTD. 2000-1
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Managing Director
TYLER TRADING, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President