EX-10 5 0005.txt EXHIBIT 10.10 EXHIBIT 10.10 U.S. $1,000,000,000 AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT Dated as of November 30, 2000 Among HONEYWELL INTERNATIONAL INC., as Borrower, and THE INITIAL LENDERS NAMED HEREIN, as Initial Lenders, and CITIBANK, N.A., as Administrative Agent and THE CHASE MANHATTAN BANK DEUTSCHE BANK AG, NEW YORK BRANCH BANK OF AMERICA, N.A. as Syndication Agents and SALOMON SMITH BARNEY INC. as Lead Arranger and Book Manager AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT Dated as of November 30, 2000 HONEYWELL INTERNATIONAL INC., a Delaware corporation (the "Borrower"), the banks, financial institutions and other institutional lenders (collectively, the "Initial Lenders") party hereto, CITIBANK, N.A., as administrative agent (together with any successor thereto appointed pursuant to Article VII of the Existing Credit Agreement referred to below, the "Agent") for the Lenders (as defined in the Existing Credit Agreement referred to below) THE CHASE MANHATTAN BANK, DEUTSCHE BANK AG, NEW YORK BRANCH and BANK OF AMERICA, N.A., as syndication agents, and SALOMON SMITH BARNEY INC., as lead arranger book manager, hereby agree as follows: PRELIMINARY STATEMENTS (1) The Borrower is party to a 364-Day Credit Agreement dated as of December 2, 1999 (the "Existing Credit Agreement") with the banks, financial institutions and other institutional lenders party thereto and Citibank, N.A., as Agent for the Lenders and such other lenders. Capitalized terms not otherwise defined in this Amendment and Restatement shall have the same meanings as specified in the Existing Credit Agreement. (2) The parties to this Amendment and Restatement desire to amend the Existing Credit Agreement as set forth herein and to restate the Existing Credit Agreement in its entirety to read as set forth in the Existing Credit Agreement with the following amendments. (3) The Borrower has requested that the Lenders agree to extend credit to it from time to time in an aggregate principal amount of up to $1,000,000,000 for general corporate purposes of the Borrower and its Subsidiaries not otherwise prohibited under the terms of this Agreement. The Lenders have indicated their willingness to agree to extend credit to the Borrower from time to time in such amount on the terms and conditions of this Amendment and Restatement. SECTION 1. Amendments to the Existing Credit Agreement. (a) Section 1.01 of the Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended by deleting the definitions of "Commitment", "Lenders" and "Termination Date" set forth therein and replacing them, respectively, with the following new definitions thereof: "Commitment" means as to any Lender, (i) the Dollar amount set forth opposite its name on Schedule I hereto, (ii) if such Lender has become a Lender hereunder pursuant to an Assumption Agreement, the Dollar amount set forth as its Commitment in such Assumption Agreement or (iii) if such Lender has entered into any Assignment and Acceptance, the Dollar amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(d), in each case as the same may be terminated or reduced, as the case may be, pursuant to Section 2.05. "Lenders" means, collectively, each Initial Lender and each other Person that shall become a party hereto pursuant to Sections 9.07(a), (b) and (c). "Termination Date" means the earliest of (i) November 29, 2001, (ii) the date that is 90 days after the consummation of a merger of the Borrower with General Electric Co. or any subsidiary of General Electric Co. and (iii) the date of termination in whole of the Commitments pursuant to Section 2.05 or 6.01. 2 (b) Schedule I to the Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, deleted in its entirety and replaced with Schedule I to this Amendment and Restatement. (c) Schedule 3.01(b) to the Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, deleted in its entirety and replaced with Schedule 3.01(b) to this Amendment and Restatement SECTION 2. Conditions of Effectiveness of this Amendment and Restatement. This Amendment and Restatement shall become effective as of the date first above written (the "Restatement Effective Date") when and only if: (a) The Administrative Agent shall have received counterparts of this Amendment and Restatement executed by the Borrower and all of the Initial Lenders or, as to any of the Initial Lenders, advice satisfactory to the Administrative Agent that such Initial Lender has executed this Amendment and Restatement. (b) The Administrative Agent shall have received on or before the Restatement Effective Date the following, each dated such date and (unless otherwise specified below) in form and substance satisfactory to the Administrative Agent and in sufficient copies for each Initial Lender: (i) The Revolving Credit Notes payable to the order of the Lenders, to the extent requested by any Lender pursuant to Section 2.17. (ii) A certificate of the Secretary or an Assistant Secretary of the Borrower certifying (A) that there are no amendments to the resolutions of the Borrower since the date of the certificate delivered pursuant to Section 3.01(e)(ii) of the Existing Credit Agreement and (B) the names and true signatures of the officers of the Borrower authorized to sign this Amendment and Restatement and the Notes, if any, and the other documents to be delivered hereunder by the Borrower. (iii) A favorable opinion of the General Counsel, Deputy General Counsel or Assistant General Counsel of the Borrower, in substantially the form of Exhibit G to the Existing Credit Agreement but with such modifications as are required to address the Existing Credit Agreement, as amended by this Amendment and Restatement. (iv) A favorable opinion of Shearman & Sterling, counsel for the Agent, in form and substance reasonably satisfactory to the Agent. (c) The representations and warranties contained in Section 4.01 of the Existing Credit Agreement shall be correct on and as of the Restatement Effective Date, before and after giving effect to the Restatement Effective Date, as though made on and as of such date. (d) No event shall have occurred and be continuing, or shall occur as a result of the occurrence of the Restatement Effective Date, that constitutes a Default. SECTION 3. Reference to and Effect on the Existing Credit Agreement and the Notes. (a) On and after the effectiveness of this Amendment and Restatement, each reference in the Existing Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Existing Credit Agreement, and each reference in the Notes to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Existing Credit Agreement, shall mean and be a reference to the Existing Credit Agreement, as amended by this Amendment and Restatement. 3 (b) The Existing Credit Agreement and the Notes, as specifically amended by this Amendment and Restatement, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. (c) Without limiting any of the other provisions of the Existing Credit Agreement, as amended by this Amendment and Restatement, any references in the Existing Credit Agreement to the phrases "on the date hereof", "on the date of this Agreement" or words of similar import shall mean and be a reference to the date of the Existing Credit Agreement (which is December 2, 1999). SECTION 4. Costs and Expenses. The Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses of the Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and Restatement, the Notes and the other documents to be delivered hereunder (including, without limitation, the reasonable and documented fees and expenses of counsel for the Agent with respect hereto and thereto) in accordance with the terms of Section 9.04 of the Existing Credit Agreement. SECTION 5. Execution in Counterparts. This Amendment and Restatement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment and Restatement by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment and Restatement. SECTION 6. Governing Law. This Amendment and Restatement shall be governed by, and construed in accordance with, the laws of the State of New York. 4 IN WITNESS WHEREOF, the parties hereto have caused this Amendment and Restatement to be executed by their respective officers thereunto duly authorized, as of the date first above written. THE BORROWER HONEYWELL INTERNATIONAL INC. By /s/ James V. Gelly ------------------------------------- Name: James V. Gelly Title: Vice President and Treasurer THE AGENT CITIBANK, N.A., as Agent By /s/ Carolyn A. Kee ------------------------------------ Name: Carolyn A. Kee Title: Vice President THE INITIAL LENDERS ADMINISTRATIVE AGENT CITIBANK, N.A. By: /s/ Carolyn A. Kee ------------------------------------- Name: Carolyn A. Kee Title: Vice President CO-SYNDICATION AGENTS BANK OF AMERICA, N.A. By: /s/ John Pocalyko ------------------------------------- Name: John Pocalyko Title: Managing Director THE CHASE MANHATTAN BANK By: /s/ Tina Ruyter -------------------------------------- Name: Tina Ruyter Title: Vice President 5 DEUTSCHE BANK AG, NEW YORK AND/OR CAYMAN ISLANDS BRANCH By: /s/ Jean Hannigan -------------------------------------- Name: Jean Hannigan Title: Director By: /s/ Stephanie Strohe -------------------------------------- Name: Stephanie Strohe Title: Associate AGENT BARCLAYS BANK PLC By: /s/ Douglas Bernegger -------------------------------------- Name: Douglas Bernegger Title: Director SENIOR MANAGING AGENTS BANCA NAZIONALE DE LAVORO S.p.A.-NEW YORK BRANCH By: /s/ Giulio Giovine /s/ Leonardo Valentini ------------------------------------------- Name: Giulio Giovine Leonardo Valentini Title: Vice President First Vice President THE BANK OF NEW YORK By: /s/ Ernest Fung ------------------------------------------- Name: Ernest Fung Title: Vice President BANK OF TOKYO-MITSUBISHI TRUST COMPANY By: /s/ Jeffrey K. Stanton -------------------------------------------- Name: Jeffrey K. Stanton Title: Vice President BANK ONE, NA (Main Office Chicago) By: /s/ Tatiana Ross -------------------------------------------- Name: Tatiana Ross Title: Commercial Banking Officer HSBC BANK USA 6 By: /s/ Monisha Khadse -------------------------------------------- Name: Monisha Khadse Title: Vice President MELLON BANK, N.A. By: /s/ Kristen M. Denning -------------------------------------------- Name: Kristen M. Denning Title: Assistant Vice President MORGAN GUARANTY TRUST COMPANY OF NEW YORK By: /s/ Dennis Wilczek -------------------------------------------- Name: Dennis Wilczek Title: Associate CO-AGENTS ABN AMRO BANK N.V. By: /s/ Andre Kel -------------------------------------------- Name: Andre Kel Title: Senior Vice President By: /s/ Juliette Mound -------------------------------------------- Name: Juliette Mound Title: Assistant Vice President BANCA DI ROMA By: /s/ Steven Paley -------------------------------------------- Name: Steven Paley Title: First V.P. By: /s/ William J.Fontana -------------------------------------------- Name: William J. Fontana Title: V.P. 7 BNP PARIBAS By: /s/ Christopher Criswell -------------------------------------------- Name: Christopher Criswell Title: Director By:/s/ William Van Nostrand -------------------------------------------- Name: William Van Nostrand Title: Director NORTHERN TRUST COMPANY By: /s/ Ashish S. Bhagwat -------------------------------------------- Name: Ashish S. Bhagwat Title: Second Vice President THE SUMITOMO BANK, LIMITED By: /s/ Edward D. Henderson, Jr. -------------------------------------------- Name: Edward D. Henderson, Jr. Title: Senior Vice President WELLS FARGO BANK, NATIONAL ASSOCIATION By: /s/ Bradley A. Hardy /s/ Peter M. Angelico -------------------------------------------- Name: Bradley A. Hardy Peter M. Angelico Title: Vice President Vice President LENDERS BANCO BILBAO VIZCAYA By: /s/ Manuel Sanchez John Martini -------------------------------------------- Name: Manuel Sanchez John Martini Title: Global Re. Manager Vice President Corporate Banking Corporate Banking THE FUJI BANK, LIMITED By: /s/ Raymond Ventura -------------------------------------------- Name: Raymond Ventura Title: Vice President & Manager 8 ROYAL BANK OF CANADA By: /s/ Lori A. Ross -------------------------------------------- Name: Lori Ross Title: Manager STANDARD CHARTERED BANK By: /s/ Shafiq Ur Rahman /s/ Peter G.R. Dodds ------------------------------------------------------ Name: Shafiq Ur. Rahman Peter G.R. Dodds Title: Senior Vice President Senior Credit Officer Standard Chartered Bank Coin 98/62 UNICREDITO ITALIANO SPA By: /s/ Christopher J. Eldin /s/ Saiyed A. Abbas ------------------------------------------------------- Name:Christopher J. Eldin Saiyed A. Abbas Title: FVP & Deputy Manager Vice President SCHEDULE I COMMITMENTS AND APPLICABLE LENDING OFFICES
--------------------------------------------------------------------------------------------------------------------------- NAME OF INITIAL LENDER COMMITMENT DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE --------------------------------------------------------------------------------------------------------------------------- Citibank, N.A. $112,000,001 399 Park Avenue 399 Park Avenue New York, NY 10043 New York, NY 10043 Attn: Carolyn Sheridan Attn: Carolyn Sheridan Phone: (212) Phone: (212) 559-3245 Fax: (212) 826-2371 Phone: (212) Fax: (212) 826-2371 --------------------------------------------------------------------------------------------------------------------------- Bank of America, N.A. $85,333,333 101 N. Tryon Street 101 N. Tryon Street Charlotte, NC 28255 Charlotte, NC 28255 Attn: Carrie Cunder Attn: Carrie Cunder Phone: (704) 386-8382 Phone: (704) 386-8382 Fax: (704) 409-0064 Fax: (704) 409-0064 --------------------------------------------------------------------------------------------------------------------------- The Chase Manhattan Bank $85,333,333 One Chase Manhattan Plaza One Chase Manhattan Plaza New York, NY 10081 New York, NY 10081 Attn: Lenora Kiernan Attn: Lenora Kiernan Phone: (212) 552-7309 Phone: (212) 552-7309 Fax: (212) 552-5650 Fax: (212) 552-5650 --------------------------------------------------------------------------------------------------------------------------- Deutsche Bank AG, New York and/or $85,333,333 31 West 52nd Street 31 West 52nd Street Cayman Islands Branch New York, NY 10019 New York, NY 10019 Attn: Colin T. Taylor Attn: Colin T. Taylor Phone: (212) 474-7904 Phone: (212) 474-7904 Fax: (212) 474-8212 Fax: (212) 474-8212 --------------------------------------------------------------------------------------------------------------------------- Barclays Bank PLC $85,333,333 222 Broadway 222 Broadway New York, NY 10038 New York, NY 10038 Attn: Paul Kavanagh Attn: Paul Kavanagh Phone: (212) 412-1547 Phone: (212) 412-1547 Fax: (212) 412-7585 Fax: (212) 412-7585 --------------------------------------------------------------------------------------------------------------------------- Banca Nazionale De Lavoro $50,000,000 25 West 51st Street 25 West 51st Street New York, NY 10019 New York, NY 10019 Attn: Giulio Giovine Attn: Giulio Giovine Phone: (212) 314-0239 Phone: (212) 314-0239 Fax: (212) 765-2978 Fax: (212) 765-2978 --------------------------------------------------------------------------------------------------------------------------- The Bank of New York $50,000,000 One Wall Street One Wall Street New York, NY 10286 New York, NY 10286 Attn: Ernest Fung Attn: Ernest Fung Phone: (212) 635-6805 Phone: (212) 635-6805 Fax: (212) 635-7978 Fax: (212) 635-7978 --------------------------------------------------------------------------------------------------------------------------- The Bank of Tokyo-Mitsubishi $50,000,000 1251 Avenue of the Americas 1251 Avenue of the Americas 12th Floor 12th Floor New York, NY 10020 New York, NY 10020 Attn: William Derasmo Attn: William Derasmo Phone: (212) 782-4359 Phone: (212) 782-4359 Fax: (212) 782-6445 Fax: (212) 782-6445 --------------------------------------------------------------------------------------------------------------------------- Bank One, NA $50,000,000 One Bank One Plaza One Bank One Plaza Chicago, IL 60670 Chicago, IL 60670 Attn: Claudia Kech Attn: Claudia Kech Phone: (312) 732-1031 Phone: (312) 732-1031 Fax: (312) 732-4840 Fax: (312) 732-4840 ---------------------------------------------------------------------------------------------------------------------------
2 --------------------------------------------------------------------------------------------------------------------------- HSBC Bank USA $50,000,000 140 Broadway, 4th Floor 140 Broadway, 4th Floor New York, NY 10005 New York, NY 10005 Attn: Monisha Khadse Attn: Monisha Khadse Phone: (212) 658-5572 Phone: (212) 658-5572 Fax: (212) 658-5109 Fax: (212) 658-5109 --------------------------------------------------------------------------------------------------------------------------- Mellon Bank $50,000,000 3 Mellon Bank Center, 12th Floor 3 Mellon Bank Center, 12th Floor Pittsburgh, PA 15259 Pittsburgh, PA 15259 Attn: Sannford Richards Attn: Sannford Richards Phone: (412) 234-8285 Phone: (412) 234-8285 Fax: (412) 209-6118 Fax: (412) 209-6118 --------------------------------------------------------------------------------------------------------------------------- Morgan Guaranty Trust Company $50,000,000 Morgan Guaranty Trust Company of Morgan Guaranty Trust Company - New York Nassau Bahamas Branch 60 Wall Street c/o JP Morgan Services Inc. New York, NY 10260-0060 500 Stanton Christiana Road Attn: Andrew Lipsett Newark, DE 19713 Phone: (302) 634-1872 Attn: Andrew Lipsett Fax: (302) 634-8177 Phone: (302) 634-1872 Fax: (302) 634-8177 --------------------------------------------------------------------------------------------------------------------------- ABN AMRO Bank N.V. $21,666,667 208 South LaSalle Street 208 South LaSalle Street Suite 1500 Suite 1500 Chicago, IL 60604 Chicago, IL 60604 Attn: Credit Administration Attn: Credit Administration Phone: (312) 992-5110 Phone: (312) 992-5110 Fax: (312) 992-5111 Fax: (312) 992-5111 --------------------------------------------------------------------------------------------------------------------------- Banca di Roma $21,666,667 34 East 51st Street 34 East 51st Street New York, NY 10022 New York, NY 10022 Attn: Lino Caldera Attn: Lino Caldera Phone: (212) 407-1613 Phone: (212) 407-1613 Fax: (212) 407-1684 Fax: (212) 407-1684 --------------------------------------------------------------------------------------------------------------------------- BNP Paribas $21,666,667 499 Park Avenue 499 Park Avenue New York, NY 10022 New York, NY 10022 Attn: Andree Mitton/Robin Attn: Andree Mitton/Robin Jackson-Bogner Jackson-Bogner Phone: (212) 415-9617/9616 Phone: (212) 415-9617/9616 Fax: (212) 415-9606 Fax: (212) 415-9606 --------------------------------------------------------------------------------------------------------------------------- Northern Trust Company $21,666,667 50 S. LaSalle Street 50 S. LaSalle Street Chicago, IL 60675 Chicago, IL 60675 Attn: Linda Honda Attn: Linda Honda Phone: (312) 444-3532 Phone: (312) 444-3532 Fax: (312) 630-1566 Fax: (312) 630-1566 --------------------------------------------------------------------------------------------------------------------------- The Sumitomo Bank, Limited $21,666,667 277 Park Avenue 277 Park Avenue New York, NY 10172 New York, NY 10172 Attn: Edward McColly Attn: Edward McColly Phone: (212) 224-4139 Phone: (212) 224-4139 Fax: (212) 224-4384 Fax: (212) 224-4384 --------------------------------------------------------------------------------------------------------------------------- Wells Fargo (Norwest) $21,666,667 Sixth & Marquette Sixth & Marquette 3rd Floor 3rd Floor Minneapolis, MN 55479 Minneapolis, MN 55479 Attn: Molly S. Van Metre Attn: Molly S. Van Metre Phone: (612) 667-9147 Phone: (612) 667-9147 Fax: (612) 667-2276 Fax: (612) 667-2276 ---------------------------------------------------------------------------------------------------------------------------
3 --------------------------------------------------------------------------------------------------------------------------- Banco Bilbao Vizcaya $13,333,333 1345 Avenue of the Americas 1345 Avenue of the Americas 45th Floor 45th Floor New York, NY 10105 New York, NY 10105 Attn: Anne-Maureen Sarfati Attn: Anne-Maureen Sarfati Phone: (212) 728-1654 Phone: (212) 728-1654 Fax: (212) 333-2904 Fax: (212) 333-2904 --------------------------------------------------------------------------------------------------------------------------- Fuji Bank $13,333,333 Two World Trade Center Two World Trade Center New York, NY 10048 New York, NY 10048 Attn: Tina Catapano Attn: Tina Catapano Phone: (212) 898-2099 Phone: (212) 898-2099 Fax: (212) 488-8216 Fax: (212) 488-8216 --------------------------------------------------------------------------------------------------------------------------- Royal Bank of Canada $13,333,333 One Liberty Plaza, 4th Floor One Liberty Plaza, 4th Floor New York, NY 10006 New York, NY 10006 Attn: Aurora Lanteigne Attn: Aurora Lanteigne Phone: (212) 428-6338 Phone: (212) 428-6338 Fax: (212) 428-2372 Fax: (212) 428-2372 --------------------------------------------------------------------------------------------------------------------------- Standard Chartered $13,333,333 7 World Trade Center 7 World Trade Center New York, NY 10048 New York, NY 10048 Attn: Kevin Fax Attn: Kevin Fax Phone: (212) 667-0341 Phone: (212) 667-0341 Fax: (212) 667-0568 Fax: (212) 667-0568 --------------------------------------------------------------------------------------------------------------------------- Unicredito Italiano $13,333,333 375 Park Avenue Grand Cayman Branch New York, NY 10152 c/o Unicredito Italiano, NY Branch Attn: Christopher Eldin 375 Park Avenue Phone: (212) 546-9611 New York, NY 10152 Fax: (212) 546-9665 Attn: Christopher Eldin Phone: (212) 546-9611 Fax: (212) 546-9665 ---------------------------------------------------------------------------------------------------------------------------