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Credit Agreement

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Title:

Credit Agreement

Entities:

Bank of Ireland; Citibank, NA; Graphic Packaging International Corp.; Morgan Stanley Senior Funding Inc.; U.S. Bank, NA; Wachovia Bank, NA; Wells Fargo Bank Minnesota, NA; Wells Fargo Bank, NA; Bank of America, NA; Bank of New York; Holme Roberts & Owen; Mayer, Brown, Rowe & Maw

Date:

2002

Size:

Preview shows 37KB of 323KB total

Price:

$62

ID:

#367420

► Loans ► Credit Agreements
► Financial
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Start of Preview

CREDIT AGREEMENT,

dated as of February 28, 2002

among

GRAPHIC PACKAGING INTERNATIONAL CORPORATION,

GRAPHIC PACKAGING CORPORATION,

as the Borrower,

VARIOUS FINANCIAL INSTITUTIONS FROM TIME TO TIME

PARTIES HERETO,

as the Lenders,

MORGAN STANLEY SENIOR FUNDING, INC.,

as the Administrative Agent for the Lenders

CREDIT SUISSE FIRST BOSTON,

as the Syndication Agent for the Lenders

and

LASALLE BANK NATIONAL ASSOCIATION,

US BANK NATIONAL ASSOCIATION,

and

WELLS FARGO BANK, N.A.

as Co-Documentation Agents

MORGAN STANLEY SENIOR FUNDING, INC., and

CREDIT SUISSE FIRST BOSTON

as Lead Arrangers and Book Runners.

TABLE OF CONTENTS

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

SECTION 1.1.	Defined Terms	2
SECTION 1.2.	Use of Defined Terms	28
SECTION 1.3.	Cross-References	28
SECTION 1.4.	Accounting and Financial Determinations	28

ARTICLE II

COMMITMENTS, BORROWING AND ISSUANCE

PROCEDURES, NOTES AND LETTERS OF CREDIT

SECTION 2.1.	Commitments	29
SECTION 2.1.1.	Revolving Loan Commitment and Swing Line Loan Commitment	29
SECTION 2.1.2.	Letter of Credit Commitment	30
SECTION 2.1.3.	Term Loan Commitment	30
SECTION 2.1.4.	Additional Term Loan Commitments	30
SECTION 2.2.	Reduction of Commitment Amounts	31
SECTION 2.2.1.	Optional Reductions	31
SECTION 2.2.2.	Mandatory Reductions	31
SECTION 2.3.	Borrowing Procedures	31
SECTION 2.3.1.	Revolving Loans and Term Loans	31
SECTION 2.3.2.	Swing Line Loans	32
SECTION 2.4.	Continuation and Conversion Elections	33
SECTION 2.5.	Funding	33
SECTION 2.6.	Issuance Procedures, etc	33
SECTION 2.6.1.	Other Lenders Participation	34
SECTION 2.6.2.	Disbursements	34
SECTION 2.6.3.	Reimbursement	35
SECTION 2.6.4.	Deemed Disbursements	35
SECTION 2.6.5.	Nature of Reimbursement Obligations	35
SECTION 2.7.	Notes	36

ARTICLE III

REPAYMENTS, PREPAYMENTS, INTEREST AND FEES

SECTION 3.1.	Repayments and Prepayments; Application	37
SECTION 3.1.1.	Repayments and Prepayments	37
SECTION 3.1.2.	Application	41
SECTION 3.2.	Interest Provisions	42
SECTION 3.2.1.	Rates	42

-i-

TABLE OF CONTENTS

(continued)

		Page
SECTION 3.2.2.	Post-Default Rates	42
SECTION 3.2.3.	Payment Dates	42
SECTION 3.3.	Fees	43
SECTION 3.3.1.	Commitment Fee	43
SECTION 3.3.2.	Letter of Credit Fee	43

ARTICLE IV

CERTAIN LIBO RATE AND OTHER PROVISIONS

SECTION 4.1.	LIBO Rate Lending Unlawful	44
SECTION 4.2.	Deposits Unavailable	44
SECTION 4.3.	Increased LIBO Rate Loan Costs, etc	44
SECTION 4.4.	Funding Losses	45
SECTION 4.5.	Increased Capital Costs	45
SECTION 4.6.	Taxes	45
SECTION 4.7.	Payments, Computations, etc	47
SECTION 4.8.	Sharing of Payments	49
SECTION 4.9.	Setoff	49
SECTION 4.10.	Mitigation	49

ARTICLE V

CONDITIONS TO CREDIT EXTENSIONS

SECTION 5.1.	Initial Credit Extension	50
SECTION 5.1.1.	Resolutions, etc	50
SECTION 5.1.2.	Closing Date Certificate	50
SECTION 5.1.3.	Consummation of Transactions	50
SECTION 5.1.4.	Closing Fees, Expenses, etc	51
SECTION 5.1.5.	Financial Information, etc	51

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