DTE ENERGY COMPANY
AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
TRUSTEE
SUPPLEMENTAL INDENTURE
DATED AS OF MAY 1, 2009
SUPPLEMENTING THE AMENDED AND
RESTATED INDENTURE
DATED AS OF APRIL 9, 2001
2009 SERIES A 7.625% SENIOR NOTES
DUE 2014
SUPPLEMENTAL
INDENTURE, dated as of the 1st day of May, 2009, between DTE ENERGY
COMPANY, a corporation organized and existing under the laws of the
State of Michigan (the “Company”), and The Bank of New
York Mellon Trust Company, N.A., having its principal office in
Chicago, Illinois, as successor trustee (the
“Trustee”);
WHEREAS, the
Company has heretofore executed and delivered to the Trustee an
Amended and Restated Indenture, dated as of April 9, 2001 (the
“Original Indenture”), as amended, supplemented or
modified (as so amended, supplemented or modified, the
“Indenture”) providing for the issuance by the Company
from time to time of its debt securities; and
WHEREAS, the
Company now desires to provide for the issuance of a series of its
unsecured, senior debt securities pursuant to the Original
Indenture; and
WHEREAS, the
Company, in the exercise of the power and authority conferred upon
and reserved to it under the provisions of the Original Indenture,
including Section 901 thereof, and pursuant to appropriate
resolutions of the Board of Directors, has duly determined to make,
execute and deliver to the Trustee this Supplemental Indenture to
the Original Indenture as permitted by Section 201 and
Section 301 of the Original Indenture in order to establish
the form or terms of, and to provide for the creation and issue of,
a series of its debt securities under the Original Indenture, which
shall be known as the “2009 Series A 7.625% Senior Notes
due 2014”; and
WHEREAS, all
things necessary to make such debt securities, when executed by the
Company and authenticated and delivered by the Trustee or any
Authenticating Agent and issued upon the terms and subject to the
conditions hereinafter and in the Original Indenture set forth
against payment therefor, the valid, binding and legal obligations
of the Company and to make this Supplemental Indenture a valid,
binding and legal agreement of the Company, have been
done;
NOW, THEREFORE,
THIS SUPPLEMENTAL INDENTURE WITNESSETH that, in order to establish
the terms of a series of debt securities, and for and in
consideration of the premises and of the covenants contained in the
Original Indenture and in this Supplemental Indenture and for other
good and valuable consideration the receipt and sufficiency of
which are hereby acknowledged, it is mutually covenanted and agreed
as follows:
DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION
SECTION 101.
Definitions . Each capitalized term that is used herein and
is defined in the Original Indenture shall have the meaning
specified in the Original Indenture unless such term is otherwise
defined herein. The following terms shall have the respective
meanings set forth below:
“Business
Day” means any day other than a Saturday or Sunday or a day
on which commercial banks in The City of New York are required or
authorized by law or executive order to be closed.
SECTION 102.
Section References . Each reference to a particular
section set forth in this Supplemental Indenture shall, unless the
context otherwise requires, refer to this Supplemental
Indenture.
TITLE AND TERMS OF THE
SECURITIES
SECTION 201.
Title of the Securities; Stated Maturity . This Supplemental
Indenture hereby establishes a series of Securities, which shall be
known as the Company’s “2009 Series A 7.625%
Senior Notes due 2014” (the “Notes”). The Stated
Maturity on which the principal of the Notes shall be due and
payable will be May 15, 2014.
SECTION 202.
Rank . The Notes shall rank equally with all other unsecured
and unsubordinated indebtedness of the Company from time to time
outstanding.
SECTION 203.
Variations from the Original Indenture . Section 1009
of the Original Indenture shall be applicable to the Notes.
Section 403(2) and Section 403(3) shall be applicable to
the Notes; the Company’s obligations under Section 1009,
without limitation, shall be subject to defeasance in accordance
with Section 403(3).
SECTION 204.
Amount and Denominations; DTC . (a) The aggregate
principal amount of the Notes that may be issued under this
Supplemental Indenture is limited initially to $300,000,000 (except
as provided in Section 301(2) of the Original Indenture);
provided that the Company may, without the consent of the Holders
of the Outstanding Notes, “reopen” the Notes so as to
increase the aggregate principal amount of the Notes Outstanding in
compliance with the procedures set forth in the Original Indenture,
including Section 301 and Section 303 thereof, so long as
any such additional Notes have the same tenor and terms (including,
without limitation, rights to receive accrued and unpaid interest)
as the Notes then Outstanding. No additional Notes may be issued if
an Event of Default has occurred. The Notes shall be issuable only
in fully registered form and, as permitted by Section 301 and
Section 302 of the Original Indenture, in denominations of
$1,000 and integral multiples thereof. The Notes will initially be
issued in global form (the “Global Notes”) under a
book-entry system, registered in the name of The Depository Trust
Company, as depository (“DTC”), or its nominee, which
is hereby designated as “Depositary” under the
Indenture.
(b) Further
to Section 305 of the Original Indenture, any Global Note
shall be exchangeable for Notes registered in the name of, and a
transfer of a Global Note may be registered to, any Person other
than the Depositary for such Note or its nominee only if
(i) such Depositary notifies the Company that it is unwilling
or unable to continue as Depositary for such Global Note or if at
any time such Depositary ceases to be a clearing agency registered
under the Exchange Act, and, in either such case, the Company does
not appoint a successor Depositary within 90 days thereafter,
(ii) the Company executes and delivers to the Trustee a
Company Order that such Global Note shall be so exchangeable and
the transfer thereof so registrable or (iii) there shall have
occurred and be continuing an Event of Default or an event which,
with the giving of notice or lapse of time, or both, would
constitute an Event of Default with respect to the Notes. Upon the
occurrence in respect of a Global Note of any or more of the
conditions
2
specified in
clause (i), (ii) or (iii) of the preceding sentence, such
Global Note may be exchanged for Notes registered in the name of,
and the transfer of such Global Note may be registered to, such
Persons (including Persons other than the Depositary and its
nominees) as such Depositary, in the case of an exchange, and the
Company, in the case of a transfer, shall direct.
SECTION 205.
Terms of the Notes .
(a) The Notes
shall bear interest at the rate of 7.625% per annum on the
principal amount thereof from May 13, 2009, or from the most
recent Interest Payment Date to which interest has been paid or
duly provided for, until the principal of the Notes becomes due and
payable, and on any overdue principal and premium and (to the
extent that payment of such interest is enforceable under
applicable law) on any overdue installment of interest at the same
rate per annum during such overdue period. Interest on the Notes
will be payable semiannually in arrears on May 15 and
November 15 of each year (each such date, an “Interest
Payment Date”), commencing November 15, 2009. The amount
of interest payable for any period shall be computed on the basis
of twelve 30-day months and a 360-day year.
(b) In the
event that any Interest Payment Date, redemption date or other date
of Maturity of the Notes is not a Business Day, then payment of the
amount payable on such date will be made on the next succeeding day
which is a Business Day (and without any interest or other payment
in respect of any such delay), in each case with the same force and
effect as if made on such date. The interest installment so
payable, and punctually paid or duly provided for, on any Interest
Payment Date with respect to any Note will, as provided in the
Original Indenture, be paid to the person in whose name the Note
(or one or more Predecessor Securities, as defined in said
Indenture) is registered at the close of business on the relevant
record date for such interest installment, which shall be the
fifteenth calendar day (whether or not a Business Day) prior to the
relevant Interest Payment Date (the “Regular Record
Date”). Any such interest installment not punctually paid or
duly provided for shall forthwith cease to be payable to the
registered Holders on such Regular Record Date, and may either be
paid to the person in whose name the Note (or one or more
Predecessor Securities) is registered at the close of business on a
Special Record Date to be fixed by the Trustee for the payment of
such defaulted interest, notice whereof shall be given to the
registered Holders of the Notes not less than ten days prior to
such Special Record Date, or may be paid at any time in any other
lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such
notice as may be required by such exchange, all as more fully
provided in the Original Indenture. The principal of, and premium,
if any, and the interest on the Notes shall be payable at the
office or agency of the Company maintained for that purpose in the
Borough of Manhattan, The City of New York, in any coin or currency
of the United States of America which at the time of payment is
legal tender for payment of public and private debts; provided,
however, that payment of interest may be made at the option of the
Company by check mailed to the registered Holder at the close of
business on the Regular Record Date at such address as shall appear
in the Security Register.
(c) The Notes
are not subject to repayment at the option of the Holders thereof
and are not subject to any sinking fund. As provided in the form of
Note attached hereto as Exhibit A, the Notes are subject to
optional redemption, as a whole or in part, by the Company prior to
Stated Maturity of the principal thereof on the terms set forth
therein. Except as modified in the
3
form of the
Note, redemption shall be effected in accordance with
Article Eleven of the Original Indenture.
(d) The Notes
shall have such other terms and provisions as are set forth in the
form of Note attached hereto as Exhibit A (which is
incorporated by reference in and made a part of this Supplemental
Indenture as if set forth in full at this place).
SECTION 206.
Form of Notes . Attached hereto as Exhibit A is the
form of the Notes.
The Trustee makes
no undertaking or representations in respect of, and shall not be
responsible in any manner whatsoever for and in respect of, the
validity or sufficiency of this Supplemental Indenture or the
proper authorization or the due execution hereof by the Company or
for or in respect of the recitals and statements contained herein,
all of which recitals and statements are made solely by the
Company.
Except as
expressly amended hereby, the Original Indenture shall continue in
full force and effect in accordance with the provisions thereof and
the Original Indenture is in all respects hereby ratified and
confirmed. This Supplemental Indenture and all its provisions shall
be deemed a part of the Original Indenture in the manner and to the
extent herein and therein provided.
This Supplemental
Indenture shall be governed by, and construed in accordance with,
the laws of the State of New York.
This Supplemental
Indenture may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same
instrument.
4
IN WITNESS
WHEREOF, the parties hereto have caused this Supplemental Indenture
to be duly executed, all as of the day and year first above
written.
|
|
|
|
|
|
|
|
DTE ENERGY
COMPANY
|
|
|
|
By:
|
/s/ N.A. Khouri
|
|
|
|
|
Name:
|
N.A.
Khouri
|
|
|
|
|
Title:
|
Vice President
and Treasurer
|
|
|
|
|
|
|
|
|
|
|
ATTEST:
|
|
|
|
By:
|
/s/ Sandra Kay
Ennis
|
|
|
|
|
Name:
|
Sandra Kay
Ennis
|
|
|
|
|
Title:
|
Corporate
Secretary
|
|
|
|
|
|
|
|
|
|
|
|
|
THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A.
|
|
|
|
By:
|
/s/ Roxane
Ellwanger
|
|
|
|
|
Name:
|
Roxane
Ellwanger
|
|
|
|
|
Title:
|
Assistant Vice
President
|
|
|
|
5
THIS NOTE IS A
GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY
(“DTC”), TO A NOMINEE OF DTC OR BY D
|