Revolving Credit Agreement (2014)Full Document 

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EXECUTION VERSION

REVOLVING CREDIT AGREEMENT

DATED AS OF DECEMBER 19, 2014

AMONG

WALGREEN CO.,

WALGREENS BOOTS ALLIANCE, INC.,

THE LENDERS FROM TIME TO TIME PARTIES HERETO,

and

MIZUHO BANK, LTD.,

as Administrative Agent

MIZUHO BANK, LTD.,

HSBC BANK USA, N.A.

and

U.S. BANK NATIONAL ASSOCIATION

as Joint Lead Arrangers


TABLE OF CONTENTS

Page
ARTICLE 1
DEFINITIONS

Section 1.01.

Certain Defined Terms

1

Section 1.02.

References

25

Section 1.03.

Reserved

25

Section 1.04.

Exchange Rates, Basket Calculations

25

Section 1.05.

Additional Foreign Currencies

26

Section 1.06.

Change of Currency

27
ARTICLE 2
THE CREDITS

Section 2.01.

Description of Facility; Commitment

27

Section 2.02.

Facility Termination Date

28

Section 2.03.

Reserved

28

Section 2.04.

Types of Advances

28

Section 2.05.

Fees; Reductions in Aggregate Commitment

28

Section 2.06.

Minimum Amount of Each Advance

29

Section 2.07.

Prepayments

29

Section 2.08.

Method of Selecting Types and Interest Periods for New Advances

30

Section 2.09.

Conversion and Continuation of Outstanding Advances

30

Section 2.10.

Interest Rates

31

Section 2.11.

Rates Applicable After Default

32

Section 2.12.

Method of Payment

32

Section 2.13.

Noteless Agreement; Evidence of Indebtedness

33

Section 2.14.

Telephonic Notices

33

Section 2.15.

Interest Payment Dates; Interest and Fee Basis

34

Section 2.16.

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions; Availability of Revolving Loans

35

Section 2.17.

Lending Installations

35

Section 2.18.

Payments Generally; Administrative Agent’s Clawback

35

Section 2.19.

Replacement of Lender

36

Section 2.20.

Sharing of Payments by Lenders

37

Section 2.21.

Reserved

38

Section 2.22.

Defaulting Lenders

38

Section 2.23.

Designated Borrowers

40


ARTICLE 3
YIELD PROTECTION; TAXES

Section 3.01.

Yield Protection

41

Section 3.02.

Changes in Capital Adequacy Regulations; Certificates for Reimbursement; Delay in Requests

42

Section 3.03.

Illegality

43

Section 3.04.

Compensation for Losses

44

Section 3.05.

Taxes

45

Section 3.06.

Mitigation Obligations

50

Section 3.07.

Inability to Determine Rates

51

Section 3.08.

Survival

51
ARTICLE 4
CONDITIONS PRECEDENT

Section 4.01.

Initial Effectiveness

51

Section 4.02.

Each Request for Credit Extension

54

Section 4.03.

Initial Advance to Each Designated Borrower

54

Section 4.04.

Reserved

56

Section 4.05.

Initial Advance to Walgreens Boots Alliance

56
ARTICLE 5
REPRESENTATIONS AND WARRANTIES

Section 5.01.

Existence and Standing

56

Section 5.02.

Authorization and Validity

57

Section 5.03.

No Conflict; Government Consent

57

Section 5.04.

Financial Statements

57

Section 5.05.

Material Adverse Effect

58

Section 5.06.

Reserved

58

Section 5.07.

Litigation

58

Section 5.08.

Reserved

58

Section 5.09.

Regulation U

58

Section 5.10.

Reserved

58

Section 5.11.

Reserved

58

Section 5.12.

Reserved

58

Section 5.13.

Borrowers

59

Section 5.14.

Investment Company Act

59

Section 5.15.

OFAC, FCPA

59

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ARTICLE 6
COVENANTS

Section 6.01.

Financial Reporting

59

Section 6.02.

Use of Proceeds

61

Section 6.03.

Notice of Default

62

Section 6.04.

Conduct of Business

62

Section 6.05.

Reserved

62

Section 6.06.

Compliance with Laws

62

Section 6.07.

Reserved

62

Section 6.08.

Inspection; Keeping of Books and Records

62

Section 6.09.

Existing Alliance Boots Debt; Holdco Reorganization

63

Section 6.10.

Merger

63

Section 6.11.

Sale of Assets

64

Section 6.12.