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Document Preview Exchange and Registration Rights Agreement |
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Title: |
Exchange and Registration Rights Agreement |
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Entities: |
Lehman Brothers Inc.; Powerbrief Inc; Psychiatric Solutions, Inc.; Wachovia Bank, NA |
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Date: |
2003 |
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Size: |
Preview shows 6KB of 96KB total |
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Price: |
$49 |
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ID: |
#1690407 |
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EXCHANGE AND REGISTRATION RIGHTS AGREEMENT
Dated as of June 30, 2003
among
Psychiatric Solutions, Inc.,
The Subsidiary Guarantors from time to time party hereto, and
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jefferies & Company, Inc.
<PAGE>
EXCHANGE AND REGISTRATION RIGHTS AGREEMENT
This Exchange and Registration Rights Agreement (this
"AGREEMENT") is made and entered into as of June 30, 2003 by and among
Psychiatric Solutions, Inc., a Delaware corporation (the "COMPANY"), the
Subsidiary Guarantors (as defined herein) and Lehman Brothers Inc. on behalf of
Merrill Lynch & Co. and Jefferies & Company Inc. (collectively, the "INITIAL
PURCHASERS").
This Agreement is made pursuant to the Purchase Agreement,
dated June 19, 2003 (the "PURCHASE AGREEMENT"), by and among the Company, the
Existing Subsidiary Guarantors (as defined herein) and the Initial Purchasers,
which provides for the sale by the Company to the Initial Purchasers of
$150,000,000 aggregate principal amount of the Company's 10-5/8% Senior
Subordinated Notes due 2013 (the "NOTES"). The Notes are, and the Exchange Notes
(as defined herein) will be, guaranteed on a senior subordinated basis by the
Subsidiary Guarantors (as defined herein). In order to induce the Initial
Purchasers to purchase the Notes, the Company and the Existing Subsidiary
Guarantors have agreed to provide the registration rights set forth in this
Agreement. The execution and delivery of this Agreement is a condition to the
obligations of the Initial Purchasers set forth in Section 7 of the Purchase
Agreement.
The parties hereby agree as follows:
SECTION 1. DEFINITIONS
As used in this Agreement, the following capitalized terms
shall have the following meanings:
ADDITIONAL INTEREST: As defined in Section 5(a) hereof.
ADDITIONAL SUBSIDIARY GUARANTOR: Any subsidiary of the Company
that executes a Guarantee under the Indenture after the date of this Agreement.
ADVICE: As defined in Section 6(e) hereof.
AGREEMENT: As defined in the preamble hereto.
BLACKOUT PERIOD: As defined in Section 5(a) hereof.
BLUE SKY APPLICATION: As defined in Section 8(a) hereof.
BROKER-DEALER: Any broker or dealer registered under the
Exchange Act.
CLOSING DATE: The date of this Agreement.
COMMISSION: The U.S. Securities and Exchange Commission.
COMPANY: As defined in the preamble hereto.
2
<PAGE>
CONSUMMATE: A Registered Exchange Offer shall be deemed
"Consummated" for purposes of this Agreement upon the occurrence of (i) the
filing and effectiveness under the Securities Act of the Exchange Offer
Registration Statement relating to the Exchange Notes to be issued in the
Exchange Offer, (ii) the maintenance of such Registration Statement continuously
effective and the keeping of the Exchange Offer open for a period not less than
the minimum period required pursuant to Section 3(b) hereof, and (iii) the
delivery by the Company to the Registrar under the Indenture of Exchange Notes
in the same aggregate principal amount as the aggregate principal amount of
Notes that were tendered by Holders thereof pursuant to the Exchange Offer.
DAMAGES PAYMENT DATE: With respect to the Notes, each Interest
Payment Date.
EFFECTIVENESS TARGET DATE: As defined in Section 5(a) hereof.
EXCHANGE ACT: The U.S. Securities Exchange Act of 1934, as
amended.
EXCHANGE NOTES: The Company's 10-5/8% Senior Subordinated
Notes due 2013 to be issued pursuant to the Indenture in the Exchange Offer,
together with the related Guarantees.
EXCHANGE OFFER: The registration by the Company under the
Securities Act of the Exchange Notes on a Registration Statement pursuant to
which the Company offers the Holders of all outstanding Transfer Restricted
Securities the opportunity to exchange all such outstanding Transfer Restricted
Securities held by such Holders for Exchange Notes in an aggregate principal
amount equal to the aggregate principal amount of the Transfer Restricted
Securities validly tendered in such exchange offer by such Holders.
EXCHANGE OFFER REGISTRATION STATEMENT: The Registration
Statement relating to the Exchange Offer, including the related Prospectus.
EXISTING SUBSIDIARY GUARANTORS: The various Subsidiary
Guarantors signatory to the Indenture as of the date hereof.
GUARANTEES: Guarantees by the Subsidiary Guarantors of the
Company's obligations under the Notes, the Exchange Notes and the Indenture.
HOLDER: As defined in Section 2(b) hereof.
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