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8-K - FORM 8-K - Alliance Holdings GP, L.P.a15-21551_18k.htm

Exhibit 10.1

 

EXECUTION COPY

 

AMENDMENT NO. 1

 

 

Dated as of October 16, 2015

 

To the banks, financial institutions
and other institutional lenders
(collectively, the “Lenders”) parties
to the Credit Agreement referred to
below and to JPMorgan Chase Bank, N.A.,
as Administrative Agent for the Lenders

 

Ladies and Gentlemen:

 

We refer to the Third Amended and Restated Credit Agreement dated as of May 23, 2012, (as amended, supplemented or otherwise modified through the date hereof, the “Credit Agreement”) among the undersigned and you.  Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

 

You and we have agreed, upon the following terms and conditions, to amend the Credit Agreement in certain respects.  Accordingly, it is hereby agreed by you and us as follows:

 

Section 1.  Amendments to Credit Agreement.  The Credit Agreement is, effective as of the date of this Amendment, hereby amended as follows:

 

(a)                                 Section 5.02(b)(iii)(G) is amended by deleting the figure “$10,000,000” and substituting therefor the figure “$100,000,000”.

 

(b)                                 Section 5.02(e)(iii) is amended by deleting the figure “$10,000,000” and substituting therefor the figure “$100,000,000”.

 

Section 2.  Representation.  The Company represents and warrants that the representations and warranties contained in Section 4.01 of the Credit Agreement are correct in all material respects on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date), before and after giving effect to this Amendment, and no Default has occurred and is continuing.

 

Section 3.  Effectiveness, Etc.  This Amendment shall become effective as of the date first above written when, and only when, the Administrative Agent shall have received counterparts of this Amendment executed by the undersigned and the Required Lenders and the Administrative Agent shall have received the following:

 

(a)                                 The consent of each Guarantor in the form attached hereto.

 

(b)                                 An amendment fee for the account of the Lenders that execute and deliver this Amendment on or before October 16, 2015 equal to 0.05% of (a) in the case of each Term Lender, the aggregate principal amount of the Term Advances owing to such Term Lender and (b) in the case of each Revolving Credit Lender, the Revolving Credit Commitment of such Revolving Credit Lender.

 



 

(c)                                  The fees and expenses of Shearman & Sterling LLP, counsel to the Administrative Agent, to the extent that such fees and expenses have been invoiced at least 24 hours prior to the date hereof.

 

This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement.

 

On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

 

The Credit Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

 

If you agree to the terms and provisions hereof, please evidence such agreement by executing and returning at least one signature page of this Amendment to Susan L. Hobart, Shearman & Sterling LLP, 599 Lexington Avenue, New York, New York  10022.

 

This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by telecopier or other electronic medium shall be effective as delivery of an original executed counterpart of this Amendment.

 

2



 

This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 

 

Very truly yours,

 

 

 

ALLIANCE RESOURCE OPERATING PARTNERS, L.P.

 

 

 

 

By:

ALLIANCE RESOURCE MANAGEMENT GP, LLC,

 

 

its Managing General Partner

 

 

 

 

By

/s/ CARY P. MARSHALL

 

 

 

 

 

Name:

Cary P. Marshall

 

 

Title:

Vice President - Corporate Finance and Treasurer

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

 

 

JPMORGAN CHASE BANK, N.A.

 

 

as Administrative Agent and Lender

 

 

 

 

 

By

/s/ PETER S. PREDUN

 

 

Name:

Peter S. Predun

 

 

 

Title:

Executive Director

 

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

 

 

Citibank, N.A.

 

 

 

 

 

By

/s/ JOHN TUCKER

 

 

Name: John Tucker

 

 

 

Title: Vice President

 

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

As Issuing Bank and Lender

 

 

 

 

 

By

/s/ MICHAEL A. TRIBOLET

 

 

Name: Michael A. Tribolet

 

 

 

Title: Managing Director

 

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

 

 

Branch Banking and Trust Company

 

 

 

 

 

By

/s/ TROY R. WEAVER

 

 

Name: Troy R. Weaver

 

 

 

Title: Senior Vice President

 

 

 



 

Agreed as to the foregoing Amendment of the date first above written:

 

Compass Bank

 

 

 

By

/s/ JAY S. TWEED

 

 

Name: Jay S. Tweed

 

 

Title: Senior Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

BOKF, NA dba Bank of Oklahoma

 

 

 

By

/s/ STEVENS E. WARRICK

 

 

Name: Stevens E. Warrick

 

 

Title: Senior Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Fifth Third Bank

 

 

 

By

/s/ CHRISTOPHER C. MOTLEY

 

 

Name: Christopher C. Motley

 

 

Title: Senior Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

MUFG UNION BANK, N.A. f/k/a UNION BANK, N.A.

 

 

 

By

/s/ ERIC OTIENO

 

 

Name: Eric Otieno

 

 

Title: Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

PNC Bank, National Association

 

 

 

By

/s/ DANIEL SCHERLING

 

 

Name: Daniel Scherling

 

 

Title: Assistant Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

By

/s/ JONATHAN F. LINDVALL

 

 

Name: Jonathan F. Lindvall

 

 

Title: Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

COMERICA BANK

 

 

 

By

/s/ KYLE J. WEISS

 

 

Name: Kyle J. Weiss

 

 

Title: Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Goldman Sachs Bank USA

 

 

 

By

/s/ MICHELLE LATZONI

 

 

Name: Michelle Latzoni

 

 

Title: Authorized Signatory

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Royal Bank of Canada

 

 

 

By

/s/ CALEB ALLEN

 

 

Name: Caleb Allen

 

 

Title: Authorized Signatory

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Santander Bank, N.A.

 

 

 

By

/s/ AIDAN LANIGAN

 

 

Name: Aidan Lanigan

 

 

Title: Senior Vice President

 

 

 

 

 

By

/s/ PUIKI LOK

 

 

Name: Puiki Lok

 

 

Title: Vice President

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Land Bank of Taiwan, New York Branch

 

By

/s/ ARTHUR CHEN

 

 

Name: Arthur Chen

 

 

Title: General Manager

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Chang Hwa Commercial Bank, Ltd.,

Los Angeles Branch

 

By

/s/ KANG YANG

 

 

Name: Kang Yang

 

 

Title: VP & General Manager

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

E.Sun Commercial Bank, Ltd., Los Angeles Branch

 

By

/s/ EDWARD CHEN

 

 

Name: Edward Chen

 

 

Title: Senior VP & General Manager

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

Taiwan Cooperative Bank, Los Angeles Branch

 

By

/s/ MING-CHIH CHEN

 

 

Name: Ming-Chih Chen

 

 

Title: VP & General Manager

 

 



 

Agreed as to the foregoing Amendment as of the date first above written:

 

First Commercial Bank, Ltd., A Republic of China Bank Acting Through Its Los Angeles Branch

 

By

/s/ TERRY YUAN-GAN JU

 

 

Name: Terry Yuan-Gan Ju

 

 

Title: VP & General Manager

 

 



 

CONSENT

 

Dated as of October 16, 2015

 

Each of the undersigned, as Guarantors under the Subsidiary Guaranty dated May 23, 2012 (the “Guaranty”) in favor of the Lenders and the Administrative Agent, each as defined in the Credit Agreement referred to in the foregoing Amendment No. 1, hereby consents to such Amendment and hereby confirms and agrees that (a) notwithstanding the effectiveness of such Amendment, the Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such Amendment, each reference in the Guaranty to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended by such Amendment, and (b) each Guarantor does, and shall continue to, absolutely, unconditionally and irrevocably guarantee the punctual payment when due of all Guaranteed Obligations (as defined in the Guaranty).

 

 

ALLIANCE COAL, LLC

 

 

 

 

 

 

 

 

 

By:

/s/ CARY P. MARSHALL

 

 

Name:

Cary P. Marshall

 

 

Title:

Vice President-Corporate Finance and Treasurer

 

 

 

 

 

 

 

 

 

ALLIANCE RESOURCE PROPERTIES, LLC

 

ALLIANCE DESIGN GROUP, LLC

 

ALLIANCE LAND, LLC

 

ALLIANCE PROPERTIES, LLC

 

ALLIANCE SERVICE, INC.

 

ARP SEBREE, LLC

 

ARP SEBREE SOUTH, LLC

 

ALLIANCE WOR PROPERTIES, LLC

 

HAMILTON COUNTY COAL, LLC

 

BACKBONE MOUNTAIN, LLC

 

EXCEL MINING, LLC

 

GIBSON COUNTY COAL, LLC

 

GIBSON COUNTY COAL (SOUTH), LLC

 

HOPKINS COUNTY COAL, LLC

 

MC MINING, LLC

 

METTIKI COAL, LLC

 

METTIKI COAL (WV), LLC

 

MT. VERNON TRANSFER TERMINAL, LLC

 

PENN RIDGE COAL, LLC

 

PONTIKI COAL, LLC

 

RIVER VIEW COAL, LLC

 

SEBREE MINING, LLC

 

STEAMPORT, LLC

 

TUNNEL RIDGE, LLC

 

WARRIOR COAL, LLC

 

WEBSTER COUNTY COAL, LLC

 



 

 

WHITE COUNTY COAL, LLC

 

MATRIX DESIGN GROUP, LLC

 

WHITE OAK RESOURCES LLC

 

 

 

 

 

 

 

 

 

By:

/s/ CARY P. MARSHALL

 

 

Name:

Cary P. Marshall

 

 

Title:

Vice President-Corporate Finance and Treasurer