EX-10.16 3 a2041590zex-10_16.txt EXHIBIT 10.16 Exhibit 10.16 CONFORMED COPY THIRD AMENDMENT (this "Amendment") dated as of April 5, 2000 to the Credit Agreement dated as of January 21, 1998 (as previously amended, the "Credit Agreement"), among FISHER SCIENTIFIC INTERNATIONAL INC. (the "Company"), certain Subsidiaries of the Company, the lenders from time to time party thereto, THE CHASE MANHATTAN BANK, as Administrative Agent, THE CHASE MANHATTAN BANK OF CANADA, as Canadian Administrative Agent, CHASE MANHATTAN INTERNATIONAL LIMITED, as U. K. Administrative Agent, MERRILL LYNCH CAPITAL CORPORATION, as Syndication Agent and DLJ CAPITAL FUNDING, INC. as Documentation Agent. A. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. B. Pursuant to the Credit Agreement, the Banks have extended credit to the Borrowers, and have agreed to extend credit to the Borrowers, in each case pursuant to the terms and subject to the conditions set forth therein. C. The Company intends to repurchase shares of its capital stock for an aggregate purchase price not to exceed $10.0 million. D. The Company has requested that the Banks amend the Credit Agreement. E. The Required Banks are willing to agree to such amendment and grant such consent, in each case subject to the terms and conditions set forth herein. Accordingly, the parties hereto agree as follows: SECTION 1. AMENDMENT. (a) Section 8.07 of the Credit Agreement is hereby amended by: (i) deleting the text "and;" following the text "$60,000,000" in Clause (g) thereof; (ii) replacing the period after the words "Fisher Technology Group" with the text "; and" in Clause (h) thereof; and (iii) adding the following new clause at the end thereof: (i) the Company will be permitted to repurchase shares of its capital stock; PROVIDED that such purchases pursuant to this Clause (i) shall not exceed $10,000,000 during the term of this Agreement. SECTION 2. REPRESENTATIONS AND WARRANTIES. Each of the Borrowers hereby represents and warrants to each Bank, on and as of the date hereof, that: (a) This Amendment has been duly authorized, executed and delivered by each Borrower, and each of this Amendment and the Credit Agreement as amended by this Amendment constitutes a legal, valid and binding obligation of each Borrower, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). (b) The representations and warranties of the Borrowers contained in the Credit Agreement are true and correct in all material respects on and as of the date hereof. (c) After giving effect to this Amendment, no Default has occurred and is continuing. SECTION 3. EFFECTIVENESS. This Amendment shall become effective on the date (the "Amendment Effective Date") that each of the following conditions is met: (a) The Administrative Agent shall have received counterparts hereof signed by each Borrower and the Required Banks. (b) The Administrative Agent shall have received interest, fees and other amounts due and payable under this Amendment and the Credit Agreement on or prior to the Amendment Effective Date including, to the extent invoiced, all reasonable out of pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees of Cravath, Swaine & Moore, counsel for the Administrative Agent). SECTION 4. EXPENSES. The Company acknowledges that Section 12.01 of the Credit Agreement applies to this Amendment and hereby agrees to pay all out-of-pocket expenses reasonably incurred by the Administrative Agent, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore, counsel for the Administrative Agent, in connection with the preparation, execution and delivery of this Amendment. SECTION 5. MISCELLANEOUS. (a) This Amendment constitutes the entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. (b) Section headings used herein are for convenience of reference only and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. (c) THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. (d) Each reference to a party hereto shall be deemed to include its successors and assigns, all of whom shall be bound by this Amendment and to whose benefit the provisions of this Amendment shall inure. (e) This Amendment may be executed in any number of counterparts, each of which shall be an original but all of which, when taken together, shall constitute but one instrument. (f) Except as specifically amended or modified hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof. 5 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the date first above written. FISHER SCIENTIFIC INTERNATIONAL INC., By: /s/ Todd M. Duchene ---------------------------------- Name: Todd M. Duchene Title: Vice President, General Counsel, Secretary FISHER SCIENTIFIC U.K., LIMITED, By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER SCIENTIFIC LIMITED, By: /s/ Todd M. Duchene ---------------------------------- Name: Todd M. Duchene Title: Vice President, General Counsel, Secretary ACROS ORGANICS N.V., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER SCIENTIFIC S.A., By: /s/ Denis M. Maiorani ---------------------------------- Name: Denis M. Maiorani Title: Administrator FISHER SCIENTIFIC GmbH, By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER SCIENTIFIC KOREA LTD., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER SCIENTIFIC B.V., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact CASA ROCAS S.A. DE C.V., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER GENETICS ASIA Pte Ltd., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact FISHER SCIENTIFIC Pte Ltd., By: /s/ Richard A. Luhianuk ---------------------------------- Name: Richard A. Luhianuk Title: Attorney-in-Fact WINIGER AG, By: /s/ Denis N. Maiorani ---------------------------------- Name: Denis N. Maiorani Title: Administrator THE CHASE MANHATTAN BANK, as Administrative Agent and as a Bank, By: /s/ Stacey Haimes ---------------------------------- Name: Stacey Haimes Title: Vice President MERRILL LYNCH CAPITAL CORPORATION, as Syndication Agent and as a Bank, By: /s/ Carol J.E. Feeley ---------------------------------- Name: Carol J.E. Feeley Title: Vice President DLJ CAPITAL FUNDING, INC., as Documentation Agent and as a Bank, By: /s/ Dana F. Klein ---------------------------------- Name: Dana F. Klein Title: Senior Vice President ABN AMRO BANK N.V., By: /s/ James S. Aldensharm ---------------------------------- Name: James S. Aldensharm Title: Group Vice President By: /s/ Richard Shrage ---------------------------------- Name: Richard Shrage Title: Vice President ALLIANCE INVESTMENTS LIMITED, By: /s/ James E. Kennedy, Jr. ---------------------------------- Name: James E. Kennedy, Jr. Title: Authorized Signatory ARCHIMEDES FUNDING II, LTD., By: ---------------------------------- Name: Title: AVALON CAPITAL LTD., By: ---------------------------------- Name: Title: BANKBOSTON, N.A., By: /s/ Stephen M. Curran ---------------------------------- Name: Stephen M. Curran Title: Vice President BANK OF AMERICA, N.A., By: /s/ John W. Pocalyko ---------------------------------- Name: John W. Pocalyko Title: Managing Director THE BANK OF NOVA SCOTIA, By: /s/ T. M. Pitcher ---------------------------------- Name: T. M. Pitcher Title: Authorized Signatory BANK OF TOKYO-MITSUBISHI TRUST CO., By: /s/ Paul Malecki ---------------------------------- Name: Paul Malecki Title: Vice President BANK ONE, N.A. (Main Office: Chicago), By: /s/ Robert McMillan ---------------------------------- Name: Robert McMillan Title: Assistant Vice President BANQUE NATIONALE DE PARIS, as Co-Agent, By: /s/ Stephanie Rogers ---------------------------------- Name: Stephanie Rogers Title: Vice President By: /s/ Himanshu Mehta ---------------------------------- Name: Himanshu Mehta Title: Senior Vice President BHF (USA) CAPITAL CORPORATION, By: ---------------------------------- Name: Title: By: ---------------------------------- Name: Title: BALANCED HIGH YIELD FUND II LTD, By: BHF-Bank Aktiengesellschaft, acting through its New York Branch, as attorney-in- fact, By: ---------------------------------- Name: Title: By: ---------------------------------- Name: Title: CAPTIVA III FINANCE, LTD., By: ---------------------------------- Name: Title: CHASE SECURITIES INC., as Agent for THE CHASE MANHATTAN BANK, By: /s/ Stacey Haimes ---------------------------------- Name: Stacey Haimes Title: Vice President CIBC INC., CIBC WORLD MARKETS. CORP., as Agent, By: /s/ Ihor Zaluckyj ---------------------------------- Name: Ihor Zaluckyj Title: Executive Director CITY NATIONAL BANK, By: /s/ George Hayrapetian ---------------------------------- Name: George Hayrapetian Title: Vice President CONTINENTAL ASSURANCE COMPANY, By: ---------------------------------- Name: Title: CREDIT INDUSTRIEL ET COMMERCIAL, By: /s/ Anthony Rock ---------------------------------- Name: Anthony Rock Title: Vice President By: /s/ Marcus Edwards ---------------------------------- Name: Marcus Edwards Title: Vice President THE DAI-ICHI KANGYO BANK, LIMITED, By: ---------------------------------- Name: Title: DLJ CAPITAL FUNDING, INC., By: ---------------------------------- Name: Title: ELC (CAYMAN) LTD., By: /s/ John W. Stelwagon III ---------------------------------- Name: John W. Stelwagon III Title: Director EATON VANCE SENIOR INCOME TRUST, By: Eaton Vance Management as Investment Advisor, By: /s/ Scott H. Page ---------------------------------- Name: Scott H. Page Title: Vice President EATON VANCE INSTITUTIONAL SENIOR LOAN, By: Eaton Vance Management as Investment Advisor, By: /s/ Scott H. Page ---------------------------------- Name: Scott H. Page Title: Vice President ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG, By: /s/ Arcinee Hovanessian ---------------------------------- Name: Arcinee Hovanessian Title: Vice President By: /s/ John S. Runnion ---------------------------------- Name: John S. Runnion Title: First Vice President FIRSTRUST BANK, By: /s/ Bryan T. Denney ---------------------------------- Name: Bryan T. Denney Title: Vice President FLEET NATIONAL BANK, By: /s/ Stephen M. Curran ---------------------------------- Name: Stephen M. Curran Title: Vice President FRANKLIN FLOATING RATE TRUST, By: ---------------------------------- Name: Title: GALAXY CLO 1999-1, LTD., By: ---------------------------------- Name: Title: GENERAL ELECTRIC CAPITAL CORP., By: /s/ Gregory L. Hong ---------------------------------- Name: Gregory L. Hong Title: Duly Authorized Signatory HSBC BANK USA, By: /s/ John B. Lyons ---------------------------------- Name: John B. Lyons Title: Senior Vice President INDOSUEZ CAPITAL FUNDING IV, L.P., By: ---------------------------------- Name: Title: THE INDUSTRIAL BANK OF JAPAN LIMITED, By: /s/ Takuya Honjo ---------------------------------- Name: Takuya Honjo Title: Deputy General Manager PPM AMERICA,INC., as attorney in fact, on behalf of JACKSON NATIONAL LIFE INSURANCE CO., By: /s/ Michael Dire ---------------------------------- Name: Michael DiRe Title: Managing Director KZH CNC LLC, By: /s/ Susan Lee ---------------------------------- Name: Susan Lee Title: Authorized Agent KZH CRESCENT-2 LLC, By: ---------------------------------- Name: Title: KZH CYPRESSTREE-1 LLC, By: /s/ Susan Lee ---------------------------------- Name: Susan Lee Title: Authorized Agent KZH III LLC, By: /s/ Susan Lee ---------------------------------- Name: Susan Lee Title: Authorized Agent KZH LANGDALE LLC, By: /s/ Susan Lee ---------------------------------- Name: Susan Lee Title: Authorized Agent KZH SOLEIL LLC, By: ---------------------------------- Name: Title: MELLON BANK, N.A., By: /s/ R. Jane Westrich ---------------------------------- Name: R. Jane Westrich Title: Vice President MERRILL LYNCH CAPITAL CORPORATION, By: ---------------------------------- Name: Title: MITSUBISHI TRUST & BANKING CORP., By: ---------------------------------- Name: Title: ML CLO XV PILGRIM AMERICA (CAYMAN) LTD., By: Pilgrim Investments, Inc. as its Investment Manager, By: /s/ Mark F. Haak ---------------------------------- Name: Mark F. Haak Title: Assistant Vice President NATEXIS BANQUE BFCE, By: /s/ Frank H. Madden, Jr. ---------------------------------- Name: Frank H. Madden, Jr. Title: Vice President and Group Manager By: /s/ John Stewart ---------------------------------- Name: John Stewart Title: Associate NEW YORK LIFE INSURANCE COMPANY, By: ---------------------------------- Name: Title: NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION, By: New York Life Insurance Company, By: ---------------------------------- Name: Title: NORTH AMERICAN SENIOR FLOATING RATE FUND, By: CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC., as Portfolio Manger, By: ---------------------------------- Name: Title: PILGRIM AMERICA HIGH INCOME INVESTMENTS LTD., By: PILGRIM INVESTMENTS INC., as its Investment Manager, By: /s/ Mark F. Haak ---------------------------------- Name: Mark F. Haak Title: Assistant Vice President SENIOR DEBT PORTFOLIO, By: BOSTON MANAGEMENT AND RESEARCH, as Investment Advisor, By: /s/ Scott H. Page ---------------------------------- Name: Scott H. Page Title: Vice President THE SUMITOMO BANK, LIMITED NEW YORK BRANCH, By: /s/ Greg Aptman ---------------------------------- Name: Greg Aptman Title: Authorized Signatory THE TRAVELERS INSURANCE COMPANY, By: ---------------------------------- Name: Title: VAN KAMPEN CLO I, LIMITED, By: ---------------------------------- Name: Title: VAN KAMPEN PRIME RATE INCOME TRUST, By: ---------------------------------- Name: Title: