Term Loan Credit Agreement (2014)Full Document 

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TERM LOAN CREDIT AGREEMENT

Dated as of August 4, 2014

among

TRIBUNE PUBLISHING COMPANY,

as the Borrower

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent

and

The Lenders Party Hereto

J.P. MORGAN SECURITIES LLC,

DEUTSCHE BANK SECURITIES INC.,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

CITIGROUP GLOBAL MARKETS INC. and

BARCLAYS BANK PLC,

as Joint Lead Arrangers and Joint Bookrunners,

and

DEUTSCHE BANK SECURITIES INC.,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

CITIGROUP GLOBAL MARKETS INC. and

BARCLAYS BANK PLC,

as Co-Documentation Agents.


Table of Contents

Page

ARTICLE I DEFINITIONS AND ACCOUNTING TERMS

1

Section 1.01.

Defined Terms

1

Section 1.02.

Other Interpretive Provisions

77

Section 1.03.

Accounting Terms

78

Section 1.04.

Rounding

78

Section 1.05.

References to Agreements and Laws

78

Section 1.06.

Times of Day

79

Section 1.07.

Timing of Payment or Performance

79

Section 1.08.

Currency Equivalents Generally

79

Section 1.09.

Limited Condition Acquisitions

79

Section 1.10.

Pro Forma Calculations

80

Section 1.11.

Calculation of Baskets

82

Section 1.12.

Time Periods

82

Section 1.13.

Loan Amounts

83

ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS

83

Section 2.01.

The Loans

83

Section 2.02.

Borrowings, Conversions and Continuations of Loans

83

Section 2.03.

[Reserved]

85

Section 2.04.

[Reserved]

85

Section 2.05.

Prepayments

86

Section 2.06.

Termination or Reduction of Commitments

103

Section 2.07.

Repayment of Loans

104

Section 2.08.

Interest

104

Section 2.09.

Fees

105

Section 2.10.

Computation of Interest and Fees

105

Section 2.11.

Evidence of Indebtedness

105

Section 2.12.

Payments Generally; Administrative Agent’s Clawback

106

Section 2.13.

Sharing of Payments

109

Section 2.14.

Incremental Facilities

110

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Page

Section 2.15.

Extension of Term Loans

113

Section 2.16.

Permitted Debt Exchanges

117

Section 2.17.

New Incremental Indebtedness

118

Section 2.18.

[Reserved]

119

Section 2.19.

[Reserved]

120

Section 2.20.

Specified Refinancing Debt

120

ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY

122

Section 3.01.

Taxes

122

Section 3.02.

Illegality

126

Section 3.03.

Inability to Determine Rates

127

Section 3.04.

Increased Cost and Reduced Return; Capital Adequacy

128

Section 3.05.

Funding Losses

129

Section 3.06.

Matters Applicable to All Requests for Compensation

130

Section 3.07.

Replacement of Lenders under Certain Circumstances

131

Section 3.08.

Survival

133

ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

133

Section 4.01.

Conditions to Closing Date

133

Section 4.02.

Conditions to All Credit Extensions

137

ARTICLE V REPRESENTATIONS AND WARRANTIES

137

Section 5.01.

Existence, Qualification and Power; Compliance with Laws

137

Section 5.02.

Authorization; No Contravention

138

Section 5.03.

Governmental Authorization; Other Consents

138

Section 5.04.

Binding Effect

138

Section 5.05.

Financial Statements; No Material Adverse Effect

139

Section 5.06.

Litigation

140

Section 5.07.

Use of Proceeds

140

Section 5.08.

Ownership of Property; Liens

140

Section 5.09.

Environmental Compliance

140

Section 5.10.

Taxes

141

Section 5.11.

Employee Benefit Plans

142

Section 5.12.

Subsidiaries; Equity Interests

143

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Section 5.13.

Margin Regulations; Investment Company Act

143

Section 5.14.

Disclosure

143

Section 5.15.

Compliance with Laws

144

Section 5.16.

Intellectual Property; Licenses, Etc.

144

Section 5.17.

Solvency

144

Section 5.18.

[Reserved]

144

Section 5.19.

Perfection, Etc.

144

Section 5.20.

PATRIOT ACT; Sanctioned Persons

145

ARTICLE VI AFFIRMATIVE COVENANTS

146

Section 6.01.

Financial Statements

146

Section 6.02.

Certificates; Other Information

148

Section 6.03.

Notices

150

Section 6.04.

Payment of Taxes

150

Section 6.05.

Preservation of Existence, Etc.

150

Section 6.06.

Maintenance of Properties

151

Section 6.07.

Maintenance of Insurance

151

Section 6.08.

Compliance with Laws

152

Section 6.09.

Books and Records

152

Section 6.10.

Inspection Rights

152

Section 6.11.

[Reserved]

152

Section 6.12.

Covenant to Guarantee Obligations and Give Security