EX-99.2 4 dp70790_ex9902.htm EXHIBIT 99.2

Exhibit 99.2

Image result for barclays logo

 

 

 

5 The North Colonnade

Canary Wharf

London E14 4BB

United Kingdom

Tel +44 (0)20 7623 2323

barclays.com

 

PRIVATE AND CONFIDENTIAL

 

Shire plc (the “Company”)
5 Riverwalk
Citywest Business Campus
Dublin 24
Ireland

 

For the attention of: Thomas Greene

 

21 November 2016

 

SHIRE PLC – CONSENT REQUEST

 

1.We refer to:

 

(A)the US$2,100,000,000 revolving credit facilities agreement dated 12 December 2014 (as amended on 25 November 2015) between, among others, Shire plc as an Original Borrower and an Original Guarantor and Barclays Bank PLC as Facility Agent (the “Facilities Agreement”); and

 

(B)your letter to us dated 8 November 2016 in which you requested that the Majority Lenders consent to certain amendments to schedule 9 (Existing Security), to schedule 10 (Existing Loans) and to schedule 11 (Existing Financial Indebtedness) of the Facilities Agreement (the “Consent Request”).

 

2.Unless otherwise defined, terms and expressions defined in the Facilities Agreement or in the Consent Request shall have the same meanings when used in this letter and references to Clauses in this letter are references to the relevant clauses of the Facilities Agreement.

 

3.We confirm that we have received the consent of the Majority Lenders to the Requested Amendments and consequently that the Requested Amendments shall, provided that you and the other Obligor sign, date and return to us a copy of this letter in accordance with paragraph 1.3 of the Consent Request become effective immediately and automatically, and from that date the Facilities Agreement and the Consent Request shall be read and construed as one document.

 

4.Please confirm your agreement to the terms of this letter by signing, dating and returning a copy thereof.

 

5.This letter may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this letter.

 

6.This letter is a Finance Document.

 

 

Barclays Bank PLC Authorised by the Prudential Regulation Authority and regulated by the financial Conduct Authority and the Prudential Regulation Authority.

Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place. London E14 SHP

 

 

7.The provisions of Clause 46 (Governing law) and Clause 47 (Enforcement) are incorporated into this letter as though they were set out in full, except that references to the Facilities Agreement are to be construed as references to this letter.

 

 

 

Yours faithfully

 

 

/s/ Nick Williams

……………………………
for and on behalf of
Barclays Bank PLC
as Facility Agent, for itself and on behalf of each of the Finance Parties

 

 

 

Acknowledged and agreed

 

 

/s/ Jeffrey Poulton

……………………………
for and on behalf of
Shire plc

 

 

/s/ Michael Garry

……………………………
for and on behalf of
Shire Acquisitions Investments Ireland DAC

 

 

Date: 1 December 2016

 

 

APPENDIX 2

 

SCHEDULE 9
EXISTING SECURITY

 

Name of
member of the Group
Security Total Principal Amount of Indebtedness Secured

Pharma International Insurance Limited DAC

 

Collateral against letters of credit

US$ 5,000,000

 

US$ 15,000,000

 

NPS Pharmaceuticals, Inc.

Security interest in certain patents and intellectual property

 

US$ 81,350,000

 

 

aPPENDIX 3

 

Schedule 10
Existing Loans

 

Name of
member of the Group
Loan

Total Principal Amount
of Existing Loan

s

Shire Human Genetic Therapies, Inc Supplier loan

EUR7,500,000

 

Shire Pharmaceutical Holdings Ireland Limited

 

Supplier loan EUR12,000,000

 

 

APPENDIX 4

 

Schedule 11
Existing Financial Indebtedness

 

Name of
member of the Group
Financial Indebtedness

Total Principal Amount
of Existing Financial Indebtednes

s

Pharma International Insurance Limited DAC

 

Counter indemnity obligations related to bank issued letters of credit

US$ 5,000,000

 

US$ 15,000,000

 

Shire Italy Italia S.p.A. /  Shire Global Finance / Shire Pharmaceutical Holdings Ireland Limited

Counter indemnity obligations related to bank issued guarantees

 

EUR 27,132,000

 

Up to EUR 90,000,000

 

Shire HGT Inc. US property capital lease

US$ 7,737,000

 

Shire ViroPharma Incorporated US property capital lease

US$ 5,255,000

 

NPS Pharmaceuticals, Inc. Secured non-recourse debt

US$ 81,350,000

 

Multiple Subsidiaries of the Company

Uncommitted overdraft and money market lines to the extent drawn

 

Up to US$185,000,000

 

Multiple Subsidiaries of Baxalta Incorporated

Property capital leases

 

 US$ 335,500,000