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364-Day Revolving Credit Agreement

 

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Title:

364-Day Revolving Credit Agreement

Entities:

ABN AMRO Bank N.V.; Altria Group, Inc.; Citibank, NA; Citigroup Global Markets Inc.; Deutsche Bank Securities Inc.; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; Kraft Foods Inc.; Hunton & Williams; Simpson Thacher & Bartlett

Date:

2004

Size:

Preview shows 6KB of 239KB total

Price:

$55

ID:

#442567

 

 

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                               U.S.$2,500,000,000

364-DAY REVOLVING CREDIT AGREEMENT
Dated as of July 13, 2004
Among
KRAFT FOODS INC.
and
THE INITIAL LENDERS NAMED HEREIN
and
JPMORGAN CHASE BANK
and
CITIBANK, N.A.
AS ADMINISTRATIVE AGENTS
and
CREDIT SUISSE FIRST BOSTON
and
DEUTSCHE BANK SECURITIES INC.
AS SYNDICATION AGENTS
and
ABN AMRO BANK N.V.
and
BNP PARIBAS
and
DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES
and
HSBC BANK USA
AS ARRANGERS AND DOCUMENTATION AGENTS
* * * * * * * * * *
J.P. MORGAN SECURITIES INC., CITIGROUP GLOBAL MARKETS INC.,
CREDIT SUISSE FIRST BOSTON and DEUTSCHE BANK SECURITIES INC.
AS JOINT LEAD ARRANGERS AND BOOKRUNNERS

{Page}

TABLE OF CONTENTS

{Table}
{Caption}
PAGE
{S} {C} {C}
ARTICLE I DEFINITIONS AND ACCOUNTING TERMS............................................................1
Section 1.01. Certain Defined Terms.......................................................................1
Section 1.02. Computation of Time Periods................................................................10
Section 1.03. Accounting Terms...........................................................................10

ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES..........................................................10

Section 2.01. The Pro Rata Advances......................................................................10
Section 2.02. Making the Pro Rata Advances...............................................................11
Section 2.03. Repayment of Pro Rata Advances.............................................................12
Section 2.04. Interest on Pro Rata Advances..............................................................13
Section 2.05. Additional Interest on LIBO Rate Advances..................................................13
Section 2.06. Conversion of Pro Rata Advances............................................................13
Section 2.07. The Competitive Bid Advances...............................................................14
Section 2.08. LIBO Rate Determination....................................................................19
Section 2.09. Fees.......................................................................................20
Section 2.10. Optional Termination, Reduction or Increase of the Commitments and Term-Out Option.........20
Section 2.11. Optional Prepayments of Pro Rata Advances..................................................22
Section 2.12. Increased Costs............................................................................23
Section 2.13. Illegality.................................................................................24
Section 2.14. Payments and Computations..................................................................24
Section 2.15. Taxes......................................................................................25
Section 2.16. Sharing of Payments, Etc...................................................................28
Section 2.17. Evidence of Debt...........................................................................28
Section 2.18. Use of Proceeds............................................................................29

ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING....................................................29

Section 3.01. Conditions Precedent to Effectiveness......................................................29
Section 3.02. Initial Advance to Each Designated Subsidiary..............................................31
Section 3.03. Conditions Precedent to Each Pro Rata Borrowing............................................31
Section 3.04. Conditions Precedent to Each Competitive Bid Borrowing.....................................32
{/Table}

i
{Page}

TABLE OF CONTENTS
(continued)

{Table}

 

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