Attached files
file | filename |
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8-K - FORM 8-K - TENNECO INC | c61961e8vk.htm |
EX-4.2 - EX-4.2 - TENNECO INC | c61961exv4w2.htm |
EX-4.1 - EX-4.1 - TENNECO INC | c61961exv4w1.htm |
EX-99.1 - EX-99.1 - TENNECO INC | c61961exv99w1.htm |
EXHIBIT 4.3
THIRD SUPPLEMENTAL INDENTURE
Dated as of December 23, 2010
to
INDENTURE
Dated as of November 19, 2004
among
TENNECO INC. (formerly known as Tenneco Automotive Inc.),
as Issuer,
as Issuer,
TENNECO AUTOMOTIVE OPERATING COMPANY INC.,
THE PULLMAN COMPANY,
CLEVITE INDUSTRIES INC.,
TENNECO GLOBAL HOLDINGS INC.,
TMC TEXAS INC.,
TENNECO INTERNATIONAL HOLDING CORP.,
as Guarantors,
THE PULLMAN COMPANY,
CLEVITE INDUSTRIES INC.,
TENNECO GLOBAL HOLDINGS INC.,
TMC TEXAS INC.,
TENNECO INTERNATIONAL HOLDING CORP.,
as Guarantors,
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
(formerly known as The Bank of New York Trust Company, N.A.),
as Trustee
(formerly known as The Bank of New York Trust Company, N.A.),
as Trustee
Providing for an Amendment to the Indenture
THIS THIRD SUPPLEMENTAL INDENTURE (this Third Supplemental Indenture), is dated as of
December 23, 2010, among TENNECO INC. (formerly known as Tenneco Automotive Inc.), a Delaware
corporation (the Company), each of the GUARANTORS listed on Schedule I hereto
(collectively, the Guarantors), and The Bank of New York Mellon Trust Company, N.A.
(formerly known as The Bank of New York Trust Company, N.A.), a national banking association
organized and existing under the laws of the United States of America, as trustee (the
Trustee).
W I T N E S S E T H :
WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee
an Indenture, dated as of November 19, 2004 (as supplemented by the First Supplemental Indenture
thereto, dated March 28, 2005, and the Second Supplemental Indenture thereto, dated October 28,
2005, the Indenture), providing for the issuance of the Companys 8 5/8% Senior
Subordinated Notes due 2014 (the Securities);
WHEREAS, $500,000,000 in aggregate principal amount of the Securities are currently
outstanding;
WHEREAS, Section 9.02 of the Indenture provides that, with the consent of the Holders of at
least a majority in aggregate principal amount of the Securities then outstanding, the Company, the
Guarantors and the Trustee may enter into an indenture supplemental to the Indenture for the
purpose of amending or supplementing the Indenture or the Securities (subject to certain
exceptions);
WHEREAS, the Company desires to enter into, and has requested the Trustee to join with it and
the Guarantors in entering into, this Third Supplemental Indenture for the purpose of amending the
Indenture and the Securities in certain respects as permitted by Section 9.02 of the Indenture;
WHEREAS, the Company has been soliciting consents to this Third Supplemental Indenture upon
the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation
Statement dated December 9, 2010 and the Consent and Letter of Transmittal (which together,
including any amendments, modifications or supplements thereto, constitute the Tender
Offer);
WHEREAS, (a) the Company has received the consent of the Holders of at least a majority in
aggregate principal amount of the outstanding Securities (excluding any Securities owned by the
Company or any of its Affiliates), all as certified by an Officers Certificate delivered to the
Trustee simultaneously with the execution and delivery of this Third Supplemental Indenture, (b)
the Company has delivered to the Trustee simultaneously with the execution and delivery of this
Third Supplemental Indenture an Opinion of Counsel and Officers Certificate relating to this Third
Supplemental Indenture as contemplated by Sections 9.06 and 11.04 of the Indenture and (c) the
Company and the Guarantors have satisfied all other conditions required under Article Nine of the
Indenture to enable the Company, the Guarantors and the Trustee to enter into this Third
Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company, the Guarantors and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Securities as follows:
ARTICLE I
AMENDMENTS TO INDENTURE AND SECURITIES
Section 1.1 AMENDMENTS TO ARTICLES THREE, FOUR, FIVE AND SIX OF THE INDENTURE.
(a) The Indenture is hereby amended by deleting the following Sections or clauses of the
Indenture and all references and definitions related thereto in their entirety:
Section 4.03 (Limitation on Incurrence of Additional Indebtedness);
Section 4.04 (Limitation on Restricted Payments);
Section 4.05 (Corporate Existence);
Section 4.06 (Payment of Taxes and Other Claims);
Section 4.07 (Maintenance of Properties and Insurance);
Section 4.09 (Compliance with Laws);
Section 4.11 (Waiver of Stay, Extension or Usury Laws);
Section 4.12 (Limitation on Asset Sales);
Section 4.13 (Limitation on Dividend and Other Payment Restrictions Affecting Restricted
Subsidiaries);
Section 4.14 (Limitation on Issuances of Capital Stock of Restricted Subsidiaries);
Section 4.15 (Limitation on Liens);
Section 4.16 (Prohibition on Incurrence of Senior Subordinated Debt);
Section 4.17 (Limitation on Transactions with Affiliates);
Section 4.18 (Issuance of Subsidiary Guarantees);
Section 4.20 (Limitation on Designations of Unrestricted Subsidiaries);
Section 4.21 (Change of Control);
All such deleted Sections are replaced with [Intentionally Omitted].
(b) Clause (c) of Section 4.08 (Compliance Certificate; Notice of Default) is hereby deleted
in its entirety and replaced with [Intentionally Omitted] and all references in the Indenture to
such clause are deleted in their entirety.
(c) Clauses (2) and (3) of Section 5.01(a) and clause (3) of Section 5.01(c) (Consolidation,
Merger and Sale of Assets), are hereby deleted in their entirety and replaced with [Intentionally
Omitted], and all references in the Indenture to the clauses so eliminated are deleted in their
entirety.
(d) Clauses (4), (5), (6) and (7) of Section 6.01 (Events of Default), are hereby deleted in
their entirety and replaced with [Intentionally Omitted], and all references in the Indenture to
the clauses so eliminated are deleted in their entirety.
(e) The second sentence of the first unnumbered paragraph of Section 3.01 (Notice to Trustee)
is hereby deleted in its entirety and replaced with the following:
The Company shall give notice of redemption to the Trustee at least 4 Business Days but not
more than 75 days before the Redemption Date (unless a shorter notice shall be agreed to by
the Trustee in writing), together with an Officers Certificate stating that such redemption
will comply with the conditions contained herein.
(f) The first and second sentences of the first unnumbered paragraph of Section 3.03 (Notice
of Redemption) are hereby deleted in their entirety and replaced with the following:
At least 5 days but not more than 75 days before a Redemption Date, the Company shall
mail or cause to be mailed a notice of redemption by first-class mail, postage prepaid, to
each Holder whose Securities are to be redeemed (except that a notice issued in connection
with a redemption referred to in Section 8.01 may be sent more than 75 days before such
Redemption Date). At the Companys request delivered at least 4 Business Days prior to the
proposed date of mailing (unless a shorter notice shall be acceptable to the Trustee), the
Trustee shall give the notice of redemption in the Companys name and at the Companys
expense.
(g) Section 4.10 of the Indenture is hereby amended by deleting Section 4.10 in its entirety
and replacing it with the following:
Section 4.10. Reports to Holders.
The Company shall comply with the provisions of TIA Section 314(a), as applicable.
Section 1.2 AMENDMENTS TO SECURITIES. The phrase upon not less than 30 nor more than 60
days notice, in the first unnumbered paragraph of Paragraph 5 of the Securities is amended in it
entirety to read upon not less than 5 nor more than 75 days notice,. The phrase at least 30
but not more than 60 in the first sentence of the first unnumbered paragraph of Paragraph 7 of the
Securities is amended in its entirety to read at least 5 but not more than 75. The Securities
are hereby further amended to delete all provisions inconsistent with the amendments to the
Indenture effected by this Third Supplemental Indenture.
ARTICLE
II
MISCELLANEOUS PROVISIONS
Section 2.1 CAPITALIZED TERMS. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.
Section 2.2 INDENTURE. Except as amended hereby, the Indenture and the Securities are in all
respects ratified and confirmed and all the terms shall remain in full force and effect. This Third
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound
hereby and all terms and conditions of both shall be read together as though they constitute a
single instrument, except that in the case of conflict the provisions of this Third Supplemental
Indenture shall control.
Section 2.3 NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE
USED TO CONSTRUE THIS THIRD SUPPLEMENTAL INDENTURE.
Section 2.4 SUCCESSORS. All agreements of the Company and the Guarantors in this Third
Supplemental Indenture and the Securities shall bind their respective successors. All agreements
of the Trustee in this Third Supplemental Indenture shall bind its successors.
Section 2.5 COUNTERPARTS. The parties may sign any number of copies of this Third
Supplemental Indenture. Each signed copy shall be an original, but all of them together shall
represent the same agreement.
Section 2.6 SEVERABILITY. In case any one or more of the provisions in this Third
Supplemental Indenture or in the Securities shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the full extent
permitted by law.
Section 2.7 THE TRUSTEE. The Trustee accepts the amendments of the Indenture effected by this
Third Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby
amended, but on the terms and conditions set forth in the Indenture, including the terms and
provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms
and provisions shall in like manner define and limit its liabilities and responsibilities in the
performance of the trust created by the Indenture as hereby amended, and without limiting the
generality of the foregoing, the Trustee shall not be shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Third Supplemental Indenture or
for or in respect of the recitals contained herein, all of which recitals are made solely by the
Company and the Guarantors.
Section 2.8 EFFECTIVENESS. The provisions of this Third Supplemental Indenture shall be
effective only upon execution and delivery of this instrument by the parties hereto.
Notwithstanding the foregoing sentence, the provisions of this Third Supplemental Indenture shall
become operative only upon the purchase by the Company, pursuant to the Tender Offer, of at least a
majority in aggregate principal amount of the outstanding Securities (excluding any Securities
owned by the Company or any of its affiliates), with the result that the amendments to the
Indenture effected by this Third Supplemental Indenture shall be deemed to be revoked retroactive
to the date hereof if such purchase shall not occur. The Company shall notify the Trustee promptly
after the occurrence of such purchase or promptly after the Company shall determine that such
purchase will not occur.
Section 2.9 ENDORSEMENT AND CHANGE OF FORM OF SECURITIES. Any Securities authenticated and
delivered after the close of business on the date that this Third Supplemental Indenture becomes
operative in substitution for Securities then outstanding and all Securities presented or delivered
to the Trustee on and after that date for such purpose shall be stamped, imprinted or otherwise
legended by the Company, with a notation as follows:
Effective as of December 23, 2010, certain restrictive covenants of the Company and
certain Events of Default have been eliminated or limited, as provided in the Third
Supplemental Indenture, dated as of December 23, 2010, by and among the Company, the
Guarantors and the Trustee. Reference is hereby made to such Third Supplemental
Indenture, copies of which are on file with the Trustee, for a description of the
amendments made therein.
Section 2.10 EFFECT OF HEADINGS. The Section headings herein are for convenience only and
shall not affect the construction hereof.
[the remainder of this page intentionally left blank]
IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed as of the day and year written above.
TENNECO INC. |
||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax |
On behalf of each Guarantor named on the attached
Schedule I |
||||
By: | /s/ John E. Kunz | |||
Name: | John E. Kunz | |||
Title: | Vice President, Treasurer and Tax |
The Bank of New York Mellon Trust Company, N.A., as Trustee |
||||
By: | /s/ M. Callahan | |||
Name: | M. Callahan | |||
Title: | Vice President |
[Signature Page to Third Supplemental Indenture]
Schedule I
Tenneco Automotive Operating Company Inc.
The Pullman Company
Clevite Industries Inc.
Tenneco Global Holdings Inc.
TMC Texas Inc.
Tenneco International Holding Corp.
The Pullman Company
Clevite Industries Inc.
Tenneco Global Holdings Inc.
TMC Texas Inc.
Tenneco International Holding Corp.