EX-10.2 3 s105014_ex10-2.htm EXHIBIT 10-2

Exhibit 10.2

 

AMENDMENT TO BACKSTOP AGREEMENT

 

THIS AMENDMENT dated as of December 20, 2016 (this “Amendment”) is entered into by and among:

 

(i) CHC Group Ltd. (the “Company”); and

 

(ii) each of the undersigned parties identified on the signature pages hereto (each an “Investor” and collectively, the “Investors”).

 

The Company and the Investors are referred to herein as the “Amendment Parties” and each individually as an “Amendment Party.” Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Backstop Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Amendment Parties entered into that certain Backstop Agreement dated as of October 11, 2016 (as amended, supplemented or otherwise modified from time to time, the “Backstop Agreement”);

 

WHEREAS, the Amendment Parties wish to amend certain provisions of the Backstop Agreement; and

 

WHEREAS, the Amendment Parties wish to take such actions necessary to give effect to such amendments.

 

AMENDMENTS

 

NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein and in the Backstop Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Amendment Parties agree as follows:

 

Section 1.  Amendments. Subsection (F) of Section 10(a)(ii) of the Backstop Agreement is hereby amended and restated in its entirety as follows:

 

“(F)     obtain the entry by the Bankruptcy Court of the Final Cash Collateral Order (as defined in the Plan Support Agreement) by no later than January 9, 2017, which order is reasonably acceptable in all respects to the Requisite Plan Sponsors and the Debtors;”

 

 

 

 

Section 2.  Effectiveness. This Amendment shall become effective and binding on the Amendment Parties in accordance with the terms of the Backstop Agreement upon the execution and delivery by the Company and the Requisite Investors of an executed signature page hereto.

 

Section 3.  Miscellaneous.

 

3.1     Except as specifically set forth herein, the terms of the Backstop Agreement shall remain in full force and effect and are hereby ratified and confirmed.

 

3.2     This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same agreement. Execution copies of this Amendment delivered by facsimile, PDF or otherwise shall be deemed to be an original for the purposes of this paragraph.

 

[Signature Page Follows]

 

 

 

 

IN WITNESS WHEREOF, the Amendment Parties have caused this Amendment to be duly executed and delivered as of the day and year first written above.

 

  COMPANY
   
  CHC Group Ltd.
     
  By: /s/ Hooman Yazhari
    Name: Hooman Yazhari
    Title: Senior Vice President, Legal & Administration

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

INVESTORS  
   
ALLIANCEBERNSTEIN LP  
     
By: /s/ Robert Schwartz  
     
Name: Robert Schwartz  
     
Title: Senior Vice President  

 

Future Fund Board of Guardians
By: Bain Capital Credit, LP, as Investment Manager
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Credit Opportunities (F), L.P    
       
By: /s/ Andrew S. Viens    
       
Name: Andrew S. Viens    
       
Title: Executive Vice President    

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Sankaty Credit Opportunities V AIV II (Master), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Credit Opportunities VI-A, L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Credit Opportunities VI-B (Master), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Sankaty Managed Account (CalPERS), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Bain Capital High Income Partnership, L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Managed Account (E), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Managed Account (FSS), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Sankaty Managed Account (PSERS), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Managed Account (TCCC), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Rio Grande FMC, L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sears Holdings Pension Trust
By: Bain Capital Credit, LP, as Investment Manager
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Sankaty Credit Opportunities VI-EU (Master), L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Sankaty Credit Opportunities VI-G, L.P.
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Los Angeles County Employees Retirement Association
By: Bain Capital Credit, LP, as Manager
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

American Century Capital Portfolios, Inc. – AC Alternatives Income Fund
By: Bain Capital Credit, LP, as Subadvisor
     
By: /s/ Andrew S. Viens  
     
Name: Andrew S. Viens  
     
Title: Executive Vice President  

 

Carl Marks Strategic Investments, L.P.
     
By: /s/ James F. Wilson  
     
Name: James F. Wilson  
     
Title: Authorized Signatory  

 

Carl Marks Strategic Opportunities Fund II, L.P.
     
By: /s/ James F. Wilson  
     
Name: James F. Wilson  
     
Title: Authorized Signatory  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Tennenbaum Special Situations IX-O, LP
By: Tennenbaum Capital Partners, LLC
Its: Investment Manager
     
By: /s/ David Hollander  
     
Name: David Hollander  
     
Title: Managing Partner  

 

Tennenbaum Special Situations Fund IX-C, LP
By: Tennenbaum Capital Partners, LLC
Its: Investment Manager
     
By: /s/ David Hollander  
     
Name: David Hollander  
     
Title: Managing Partner  

 

Tennenbaum Special Situations Fund IX, LLC
By: Tennenbaum Capital Partners, LLC
Its: Investment Manager
     
By: /s/ David Hollander  
     
Name: David Hollander  
     
Title: Managing Partner  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Tennenbaum Opportunities Fund, VI, LLC
By: Tennenbaum Capital Partners, LLC
Its: Investment Manager
     
By: /s/ David Hollander  
     
Name: David Hollander  
     
Title: Managing Partner  

 

Tennenbaum Special Situations IX-S, LP
By: Tennenbaum Capital Partners, LLC
Its: Investment Manager
     
By: /s/ David Hollander  
     
Name: David Hollander  
     
Title: Managing Partner  

 

Wayzata Opportunities Fund III, L.P.
By: WOF III GP, L.P., its General Partner
By: WOF III GP, LLC, its General Partner
     
By: /s/ Joseph M. Deignan  
     
Name: Joseph M. Deignan  
     
Title: Authorized Signatory  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Wayzata Opportunities Fund Offshore III, L.P.
By: Wayzata Offshore GP III, LLC, its General Partner
     
By: /s/ Joseph M. Deignan  
     
Name: Joseph M. Deignan  
     
Title: Authorized Signatory  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Marble Ridge Capital L.P.
     
By: /s/ Dan Kamensky  
     
Name: Dan Kamensky  
     
Title: Authorized Signatory  

 

[ Signature Page to Amendment to Backstop Agreement ]

 

 

 

 

Solus Alternative Asset Management LP
     
By: /s/ Chris Pucillo  
     
Name: Chris Pucillo  
     
Title: CEO/CIO  

 

[ Signature Page to Amendment to Backstop Agreement ]