SENIOR SECURED BRIDGE LOAN CREDIT AGREEMENTBridge Loan Agreement |
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You are currently viewing: This Bridge Loan Agreement involves
BANC OF AMERICA SECURITIES LLC | BANK OF AMERICA, N.A. | BERRY PLASTICS CORPORATION | Berry Plastics Group, Inc | Captive Holdings, Inc | Captive Holdings, LLC | Covalence Specialty Materials Corp | Covalence Specialty Materials Holding Corp | LEHMAN BROTHERS COMMERCIAL BANK | LEHMAN BROTHERS INC | Lenders, GOLDMAN SACHS CREDIT PARTNERS LP. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Bridge Loan Agreement by:
EXECUTION VERSION
$520,000,000
SENIOR
SECURED BRIDGE LOAN CREDIT AGREEMENT
Dated
as of February 5, 2008,
Among
BERRY
PLASTICS CORPORATION
(formerly
Berry Plastics Holding Corporation),
as
Borrower,
THE
LENDERS PARTY HERETO,
BANK
OF AMERICA, N.A.,
as
Collateral Agent and Administrative Agent
GOLDMAN
SACHS CREDIT PARTNERS L.P.,
as
Syndication Agent,
LEHMAN
BROTHERS INC.,
as
Documentation Agent,
BANC
OF AMERICA SECURITIES LLC
GOLDMAN
SACHS CREDIT PARTNERS L.P.
LEHMAN
BROTHERS INC.,
as
Joint Bookrunners and
Joint
Lead Arrangers
_________________
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TABLE OF CONTENTS
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ARTICLE
I
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Page |
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Definitions
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SECTION
1.01.
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Defined
Terms
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1
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SECTION
1.02.
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Terms
Generally
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46
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SECTION
1.03.
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Effectuation
of Transactions
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47
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SECTION
1.04.
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Senior
Debt
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47
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ARTICLE
II
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The
Credits
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SECTION
2.01.
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Commitment
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47
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SECTION
2.02.
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Loans
and Borrowings
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49
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SECTION
2.03.
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Requests
for Borrowings
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49
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SECTION
2.04.
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[Reserved]
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50
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SECTION
2.05.
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[Reserved].
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50
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SECTION
2.06.
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Funding
of Borrowings
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50
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SECTION
2.07.
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Interest
Elections
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50
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SECTION
2.08.
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Termination
of Commitment
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51
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SECTION
2.09.
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Repayment
of Loans; Evidence of Debt
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51
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SECTION
2.10.
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Prepayments,
etc.
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52
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SECTION
2.11.
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Change
of Control Prepayment Offer
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53
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SECTION
2.12.
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Fees
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54
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SECTION
2.13.
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Interest
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54
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SECTION
2.14.
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Alternate
Rate of Interest
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55
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SECTION
2.15.
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Increased
Costs
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55
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SECTION
2.16.
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Break
Funding Payments
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56
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SECTION
2.17.
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Taxes
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57
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SECTION
2.18.
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Payments
Generally; Pro Rata Treatment; Sharing of Set
offs
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58
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SECTION
2.19.
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Mitigation
Obligations; Replacement of Lenders
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60
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SECTION
2.20.
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Illegality
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61
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ARTICLE
III
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Representations
and Warranties
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SECTION
3.01.
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Organization;
Powers
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61
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SECTION
3.02.
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Authorization
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61
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SECTION
3.03.
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Enforceability
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62
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SECTION
3.04.
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Governmental
Approvals
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62
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SECTION
3.05.
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Financial
Statements
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62
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SECTION
3.06.
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No
Material Adverse Effect
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63
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SECTION
3.07.
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Title
to Properties; Possession Under Leases
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63
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-i-
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SECTION
3.08.
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Subsidiaries
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64
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SECTION
3.09.
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Litigation;
Compliance with Laws
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64
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SECTION
3.10.
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Federal
Reserve Regulations
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64
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SECTION
3.11.
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Investment
Company Act
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64
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SECTION
3.12.
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Use
of Proceeds
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64
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SECTION
3.13.
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Tax
Returns
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65
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SECTION
3.14.
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No
Material Misstatements
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65
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SECTION
3.15.
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Employee
Benefit Plans
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65
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SECTION
3.16.
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Environmental
Matters
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66
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SECTION
3.17.
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Security
Documents
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66
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SECTION
3.18.
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Location
of Real Property and Leased Premises
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67
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SECTION
3.19.
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Solvency
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68
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SECTION
3.20.
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Labor
Matters
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68
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SECTION
3.21.
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Insurance
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68
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SECTION
3.22.
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No
Default
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68
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SECTION
3.23.
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Intellectual
Property; Licenses, etc.
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68
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SECTION
3.24.
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Senior
Debt
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69
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ARTICLE
IV
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Conditions
of Lending
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ARTICLE
V
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Affirmative
Covenants
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SECTION
5.01.
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Existence;
Businesses and Properties
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72
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SECTION
5.02.
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Insurance
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72
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SECTION
5.03.
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Taxes
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73
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SECTION
5.04.
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Financial
Statements, Reports, etc.
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73
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SECTION
5.05.
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Litigation
and Other Notices
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75
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SECTION
5.06.
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Compliance
with Laws
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75
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SECTION
5.07.
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Maintaining
Records; Access to Properties and Inspections
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76
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SECTION
5.08.
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Use
of Proceeds
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76
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SECTION
5.09.
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Compliance
with Environmental Laws
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76
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SECTION
5.10.
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Further
Assurances; Additional Security
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76
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SECTION
5.11.
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[Reserved]
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78
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SECTION
5.12.
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Securities
Demand
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78
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SECTION
5.13.
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Exchange
Notes
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79
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ARTICLE
VI
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Negative
Covenants
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SECTION
6.01.
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Limitation
on Incurrence of Indebtedness and Issuance of Disqualified
Stock and Preferred Stock
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80
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SECTION
6.02.
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Liens
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85
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SECTION
6.03.
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Asset
Sales
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85
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SECTION
6.04.
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Limitation
on Restricted Payments
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86
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SECTION
6.05.
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Mergers,
Consolidations, Sales of Assets and Acquisitions
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90
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-ii-
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SECTION
6.06.
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Dividend
and Other Payment Restrictions Affecting
Subsidiaries
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92
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SECTION
6.07.
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Transactions
with Affiliates
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94
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SECTION
6.08.
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Amendment
of Security Documents
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96
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SECTION
6.09.
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Termination
and Suspension of Certain Covenants
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97
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ARTICLE
VII
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Events
of Default
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SECTION
7.01.
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Events
of Default
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97
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SECTION
7.02.
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Exclusion
of Immaterial Subsidiaries
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100
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ARTICLE
VIII
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The
Agents
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SECTION
8.01.
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Appointment
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100
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SECTION
8.02.
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Delegation
of Duties
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102
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SECTION
8.03.
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Exculpatory
Provisions
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102
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SECTION
8.04.
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Reliance
by Administrative Agent
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103
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SECTION
8.05.
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Notice
of Default
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103
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SECTION
8.06.
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Non-Reliance
on Agents and Other Lenders
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103
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SECTION
8.07.
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Indemnification
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104
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SECTION
8.08.
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Agent
in Its Individual Capacity
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104
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SECTION
8.09.
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Successor
Administrative Agent
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104
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SECTION
8.10.
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Agents
and Arrangers
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105
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ARTICLE
IX
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Miscellaneous
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SECTION
9.01.
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Notices;
Communications
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