SUPPLEMENTAL INDENTURE dated as of February 21, 2013 between RITE AID CORPORATION, THE SUBSIDIARY GUARANTORS NAMED HERETO and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. to the INDENTURE dated as of June 12, 2009 between RITE AID CORPORATION, THE...
Exhibit 4.1
dated as of February 21, 2013
between
RITE AID CORPORATION,
THE SUBSIDIARY GUARANTORS NAMED HERETO
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
to the
INDENTURE
dated as of June 12, 2009
between
RITE AID CORPORATION,
THE SUBSIDIARY GUARANTORS NAMED THEREIN
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
as Trustee
9.750% SENIOR SECURED NOTES DUE 2016
THIS SUPPLEMENTAL INDENTURE (the “Supplemental Indenture”), dated as of February 21, 2013, among Rite Aid Corporation, a Delaware corporation (the “Company”), each of the subsidiary guarantors of the Company listed on Schedule I hereto (the “Subsidiary Guarantors”) and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as Trustee under the Indenture referred to below.
W I T N E S S E T H :
WHEREAS, the Company has heretofore executed and delivered an indenture, dated as of June 12, 2009 (the “Indenture”), among the Company, each of the Subsidiary Guarantors and the Trustee, pursuant to which the Company has issued its 9.750% Senior Secured Notes due 2016 (the “Notes”) and such Subsidiary Guarantors have provided Subsidiary Guarantees (the Notes together with the Subsidiary Guarantees, the “Securities”);
WHEREAS, Section 9.02 of the Indenture provides that, subject to certain conditions, the Company, the Subsidiary Guarantors and the Trustee may amend the Indenture or the Securities with the consent of the Holders of at least a majority in aggregate principal amount of the Securities then outstanding;
WHEREAS, the Company and each of the Subsidiary Guarantors are undertaking to execute and deliver this Supplemental Indenture to amend certain terms and covenants in the Indenture in connection with the Offer to Purchase and Consent Solicitation Statement of the Company, dated as of January 31, 2013, and any amendments, modifications or supplements thereto (the “Tender Offer and Solicitation”); and
WHEREAS, the Board of Directors of the Company and the Boards of Directors, Boards of Managers or Partners of the Subsidiary Guarantors have authorized and approved the execution and delivery of this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
ARTICLE I
CAPITALIZED TERMS
Section 1.01 Amendments to the Indenture. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
ARTICLE II
AMENDMENTS AND WAIVERS
Section 2.01 Amendments to the Indenture. Effective at the time of payment or deposit with DTC (the “Payment Date”) of an amount of money sufficient to pay for all Notes validly
tendered and accepted pursuant to the Tender Offer and Solicitation (or at least a majority of outstanding Notes if payment is being made pursuant to any early settlement under the Tender Offer and Solicitation) and to make all consent payments required under the Tender Offer and Solicitation:
(i) The Indenture is hereby amended to delete in their entirety Section 4.02 (SEC Reports), Section 4.03 (Limitation on Debt), Section 4.04 (Limitation on Restricted Payments), Section 4.05 (Limitation on Liens), Section 4.07 (Limitation on Restrictions on Distributions from Restricted Subsidiaries), Section 4.08 (Limitation on Transactions with Affiliates), Section 4.09 (Guarantees by Subsidiaries), Section 4.10 (Limitation on Sale and Leaseback Transactions), Section 4.11 (Designation of Restricted and Unrestricted Subsidiaries) and clauses (4) and (5) of Section 5.01(a) (When Company May Merge or Transfer Assets);
(ii) The failure to comply with the terms of any of the Sections of the Indenture set forth in clause (i) above shall no longer constitute a Default or an Event of Default under the Indenture and shall no longer have any other consequence under the Indenture;
(iii) The Indenture is hereby amended to delete clauses (d), (e) and (h) of Section 6.01 (Events of Default) in their entirety and all references thereto contained in Section 6.01 and elsewhere in the Indenture in their entirety, and the occurrence of the events described in clauses (d), (e) and (h) of Section 6.01 shall no longer constitute Events of Default;
(iv) All definitions set forth in Section 1.01 of the Indenture that relate to defined terms used solely in sections deleted by this Supplemental Indenture are hereby deleted in their entirety; and
(v) All references to Sections 5.01 and 6.01 of the Indenture shall mean Sections 5.01 and 6.01 as amended by this Supplemental Indenture.
ARTICLE III
MISCELLANEOUS
Section 3.01 Ratification of Indenture; Supplemental Indenture Part of Indenture.
(i) Except as expressly supplemented hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the Securities heretofore or hereafter authenticated and delivered shall be bound hereby. In the event of a conflict between the terms and conditions of the Indenture and the terms and conditions of this Supplemental Indenture, then the terms and conditions of this Supplemental Indenture shall prevail.
(ii) The Notes include certain of the foregoing provisions from the Indenture. Upon the operative date of this Supplemental Indenture, such provisions from the Notes shall be deemed deleted or amended as applicable.
(iii) Notwithstanding an earlier execution date, the provisions of this Supplemental Indenture shall not become operative until the time and date upon which the Company has accepted for purchase Securities from all Holders who have validly tendered and not validly withdrawn their Securities pursuant to the terms of the Tender Offer and Solicitation (which may be made on an early settlement date).
Section 3.02 Governing Law.
THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
Section 3.03 Trustee Makes No Representation.
The recitals contained herein are those of the Company and the Subsidiary Guarantors and not the Trustee, and the Trustee assumes no responsibility for the correctness of same. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Supplemental Indenture.
Section 3.04 Counterparts.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
Section 3.05 Effect of Headings.
The section headings herein are for convenience only and shall not affect the construction thereof.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written above.
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RITE AID CORPORATION | ||
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By: |
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/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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Name: |
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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Title: |
Executive Vice President, |
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General Counsel and Secretary |
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EACH OF THE SUBSIDIARY | ||
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By: |
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/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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Name: |
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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Title: |
Authorized Person |
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THE BANK OF NEW YORK MELLON | ||
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By: |
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/s/ ▇▇▇▇▇▇ ▇▇▇▇▇ |
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Name: |
▇▇▇▇▇▇ ▇▇▇▇▇ |
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Title: |
Vice President |
Schedule I
SUBSIDIARY GUARANTORS
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▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, LLC |
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▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, LLC |
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1740 Associates, LLC |
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▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇—▇▇▇▇▇▇▇▇▇▇ Corp. |
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▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇—Warrensville Ohio, Inc. |
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5277 Associates, Inc. |
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5600 Superior Properties, Inc. |
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▇▇▇-▇▇▇ ▇▇▇▇▇ ▇▇. ▇▇▇▇. |
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▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇—Geneva, Ohio, LLC |
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▇▇▇ & Government Streets—Mobile, Alabama, LLC |
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Apex Drug Stores, Inc. |
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Broadview and Wallings—Broadview Heights Ohio, Inc. |
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Central Avenue & Main Street Petal-MS, LLC |
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Eagle Managed Care Corp. |
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Eckerd Corporation |
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EDC Drug Stores, Inc. |
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Eighth and Water Streets—Urichsville, Ohio, LLC |
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England Street—Asheland Corporation |
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Fairground, LLC |
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GDF, Inc. |
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▇▇▇▇▇▇▇▇ Drug Stores, Inc. |
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Gettysburg and Hoover—Dayton, Ohio, LLC |
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Harco, Inc. |
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JCG (PJC) USA, LLC |
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JCG Holdings (USA), Inc. |
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K&B Alabama Corporation |
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K&B Louisiana Corporation |
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K&B Mississippi Corporation |
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K&B Services, Incorporated |
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K&B Tennessee Corporation |
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K&B Texas Corporation |
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K&B, Incorporated |
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Keystone Centers, Inc. |
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Lakehurst and Broadway Corporation |
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Maxi Drug North, Inc. |
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Maxi Drug South, L.P. |
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Maxi Drug, Inc. |
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Maxi Green, Inc. |
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▇▇▇▇▇▇▇▇ & Chillicothe Roads—Chesterland, LLC |
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▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, LLC |
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Name Rite, LLC |
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Northline & ▇▇▇—Toledo—Southgate, LLC |
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P.J.C. Distribution, Inc. |
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P.J.C. Realty Co., Inc. |
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▇▇▇▇▇▇ Drive and Navy Boulevard Property Corporation |
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Paw Paw Lake Road & Paw Paw Avenue-Coloma, Michigan, LLC |
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PDS-1 Michigan, Inc. |
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Perry Distributors, Inc. |
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Perry Drug Stores, Inc. |
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PJC Dorchester Realty LLC |
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PJC East Lyme Realty LLC |
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PJC Haverhill Realty LLC |
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PJC Hermitage Realty LLC |
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PJC Hyde Park Realty LLC |
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PJC Lease Holdings, Inc. |
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PJC Manchester Realty LLC |
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PJC Mansfield Realty LLC |
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PJC New London Realty LLC |
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PJC of Massachusetts, Inc. |
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PJC of Rhode Island, Inc. |
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PJC of Vermont, Inc. |
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PJC Peterborough Realty LLC |
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PJC Providence Realty LLC |
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PJC Realty MA, Inc. |
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PJC Realty N.E. LLC |
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PJC Revere Realty LLC |
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PJC Special Realty Holdings, Inc. |
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Ram—Utica, Inc. |
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RDS Detroit, Inc. |
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READ’s Inc. |
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Rite Aid Drug Palace, Inc. |
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Rite Aid Hdqtrs. Corp. |
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Rite Aid Hdqtrs. Funding, Inc. |
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Rite Aid of Alabama, Inc. |
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Rite Aid of Connecticut, Inc. |
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Rite Aid of Delaware, Inc. |
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Rite Aid of Florida, Inc. |
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Rite Aid of Georgia, Inc. |
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Rite Aid of Illinois, Inc. |
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Rite Aid of Indiana, Inc. |
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Rite Aid of Kentucky, Inc. |
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Rite Aid of Maine, Inc. |
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Rite Aid of Maryland, Inc. |
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Rite Aid of Massachusetts, Inc. |
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Rite Aid of Michigan, Inc. |
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Rite Aid of New Hampshire, Inc. |
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Rite Aid of New Jersey, Inc. |
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Rite Aid of New York, Inc. |
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Rite Aid of North Carolina, Inc. |
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Rite Aid of Ohio, Inc. |
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Rite Aid of Pennsylvania, Inc. |
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Rite Aid of South Carolina, Inc. |
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Rite Aid of Tennessee, Inc. |
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Rite Aid of Vermont, Inc. |
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Rite Aid of Virginia, Inc. |
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Rite Aid of Washington, D.C., Inc. |
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Rite Aid of West Virginia, Inc. |
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Rite Aid Online Store, Inc. |
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Rite Aid Payroll Management, Inc. |
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Rite Aid Realty Corp. |
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Rite Aid Rome Distribution Center, Inc. |
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Rite Aid Services, LLC |
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Rite Aid Specialty Pharmacy, LLC |
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Rite Aid Transport, Inc. |
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Rite Fund, Inc. |
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Rite Investments Corp. |
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Rx Choice, Inc. |
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Seven Mile and Evergreen—Detroit, LLC |
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Silver Springs Road—Baltimore, Maryland/One, LLC |
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Silver Springs Road—Baltimore, Maryland/Two, LLC |
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State & Fortification Streets—Jackson, Mississippi, LLC |
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▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇—▇▇▇▇▇▇, ▇▇▇▇, LLC |
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The ▇▇▇▇ ▇▇▇▇▇ Group (PJC) USA, Inc. |
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The Lane Drug Company |
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Thrift Drug, Inc. |
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Thrifty Corporation |
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Thrifty PayLess, Inc. |
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Tyler and ▇▇▇▇▇▇▇ Roads—Birmingham, Alabama, LLC |