EXHIBIT 10.1
AMENDMENT TO LOAN AGREEMENT
THIS AMENDMENT TO LOAN AGREEMENT (this "AMENDMENT") is made and entered
into as of September 22, 1999 by and among CONSOLIDATED GRAPHICS, INC., a Texas
corporation (the "BORROWER"); each of the Lenders which is or may from time to
time become a party to the Loan Agreement (as defined below) (individually, a
"LENDER" and, collectively, the "LENDERS"), BANKONE, TEXAS, N.A., as Co-Agent,
COMERICA BANK-TEXAS, as Co-Agent, FIRST UNION NATIONAL BANK, as Co-Agent, and
CHASE BANK OF TEXAS, NATIONAL ASSOCIATION, a national banking association
(previously known as Texas Commerce Bank National Association), acting as agent
for the Lenders (in such capacity, together with its successors in such
capacity, the "AGENT").
RECITALS
A. The Borrower, the Lenders and the Agent executed and delivered that
certain Loan Agreement dated as of June 4, 1997. Said Loan Agreement, as
amended, supplemented and restated, is herein called the "LOAN Agreement". Any
capitalized term used in this Amendment and not otherwise defined shall have the
meaning ascribed to it in the Loan Agreement.
B. The Borrower, the Lenders and the Agent desire to amend the Loan
Agreement in certain respects.
NOW, THEREFORE, in consideration of the premises and the mutual
agreements, representations and warranties herein set forth, and further good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Borrower, the Lenders and the Agent do hereby agree as
follows:
SECTION 1. AMENDMENT TO LOAN AGREEMENT. The references to "$200,000,000"
in the Loan Agreement are hereby amended to read "$245,000,000." The
$245,000,000 Revolving Loan Commitment shall be allocated to the Lenders as set
forth opposite their respective signatures hereto.
SECTION 2. RATIFICATION. Except as expressly amended by this Amendment,
the Loan Agreement and the other Loan Documents shall remain in full force and
effect. None of the rights, title and interests existing and to exist under the
Loan Agreement are hereby released, diminished or impaired, and the Borrower
hereby reaffirms all covenants, representations and warranties in the Loan
Agreement.
SECTION 3. EXPENSES. The Borrower shall pay to the Agent all reasonable
fees and expenses of its respective legal counsel (pursuant to Section 11.3 of
the Loan Agreement) incurred in connection with the execution of this Amendment.
SECTION 4. CERTIFICATIONS. The Borrower hereby certifies that (a) no
material adverse change in the assets, liabilities, financial condition,
business or affairs of the Borrower has occurred since March 31, 1998, and (b)
no uncured Default or uncured Event of Default has occurred and is continuing or
will occur as a result of this Amendment.
SECTION 5. MISCELLANEOUS. This Amendment (a) shall be binding upon and
inure to the benefit of the Borrower, the Lenders and the Agent and their
respective successors, assigns, receivers and trustees; (b) may be modified or
amended only by a writing signed by the required parties; (c) shall be governed
by and construed in accordance with the laws of the State of Texas and the
United States of America; (d) may be executed in several counterparts by the
parties hereto on separate counterparts, and each counterpart, when so executed
and delivered, shall constitute an original agreement, and all such separate
counterparts shall constitute but one and the same agreement and (e) together
with the other Loan Documents, embodies the entire agreement and understanding
between the parties with respect to the subject matter hereof and supersedes all
prior agreements, consents and understandings relating to such subject matter.
The headings herein shall be accorded no significance in interpreting this
Amendment.
NOTICE PURSUANT TO TEX. BUS. & COMM. CODE SS.26.02
THE LOAN AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND ALL OTHER LOAN
DOCUMENTS EXECUTED BY ANY OF THE PARTIES PRIOR HERETO OR SUBSTANTIALLY
CONCURRENTLY HEREWITH CONSTITUTE A WRITTEN LOAN AGREEMENT WHICH REPRESENTS THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
REMAINDER OF PAGE LEFT BLANK INTENTIONALLY
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IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have caused
this Amendment to be signed by their respective duly authorized officers,
effective as of the date first above written.
CONSOLIDATED GRAPHICS, INC,
a Texas corporation
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇ ▇. ▇▇▇▇▇
Title: CHAIRMAN OF THE BOARD AND CHIEF
EXECUTIVE OFFICER
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CHASE BANK OF TEXAS, NATIONAL
ASSOCIATION, as Agent and as a Lender
By: /s/ ▇▇▇▇▇ ▇. DOLPHIN
Name: ▇▇▇▇▇ ▇. DOLPHIN
Title: SVP
Revolving Loan Commitment:
$35,000,000
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BANKONE, TEXAS, N.A.,
as Co-Agent and as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: SENIOR VICE PRESIDENT
Revolving Loan Commitment:
$45,000,000
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COMERICA BANK-TEXAS,
as Co-Agent and as a Lender
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: VICE PRESIDENT
Revolving Loan Commitment:
$30,000,000
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FIRST UNION NATIONAL BANK,
as Co-Agent and as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: VICE PRESIDENT
Revolving Loan Commitment:
$35,000,000
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CIBC, INC.
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: EXECUTIVE DIRECTOR
CIBC WORLD MARKETS CORP. AS AGENT
Revolving Loan Commitment:
$15,000,000
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BANK OF AMERICA, N.A.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: VICE PRESIDENT
Revolving Loan Commitment:
$30,000,000
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SUNTRUST BANK, ATLANTA
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: VICE PRESIDENT
Revolving Loan Commitment:
$25,000,000
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CREDIT LYONNAIS NEW YORK BRANCH
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: SENIOR VICE PRESIDENT
Revolving Loan Commitment:
$15,000,000
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The undersigned hereby join in this Amendment to evidence their consent to
execution by Borrower of this Amendment, to confirm that each Loan Document now
or previously executed by the undersigned applies and shall continue to apply to
the Loan Agreement, as amended hereby, to acknowledge that without such consent
and confirmation, Lenders would not execute this Amendment and to join in the
notice pursuant to Tex. Bus. & Comm. Code ss.26.02 set forth above.
PRECISION LITHO, INC.,
▇▇▇▇. ▇. ▇▇▇▇▇ COMPANY,
THE ▇▇▇▇▇▇ PRESS, INC.,
CONSOLIDATED GRAPHICS PROPERTIES II,
▇▇▇▇▇▇ PUBLISHING COMPANY,
EMERALD CITY GRAPHICS, INC.,
WESTERN LITHOGRAPH COMPANY,
▇▇▇▇▇▇▇▇ PRINTING COMPANY,
DIRECT COLOR, INC.,
GULF PRINTING COMPANY,
CLEARVISIONS, INC.,
BRIDGETOWN PRINTING CO.,
▇▇▇▇▇▇ ▇▇▇▇▇▇ PRINTING COMPANY,
CONSOLIDATED EAGLE PRESS, INC.,
HERITAGE GRAPHICS, INC.,
▇▇▇▇▇▇ PRINTERS, INC.,
▇▇▇▇▇ PRINTING COMPANY, INC.,
THE ▇▇▇▇ ▇. ▇▇▇▇ COMPANY, INC.,
COURIER PRINTING COMPANY,
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TURSACK, INC.,
SUPERIOR COLOUR GRAPHICS, INC.,
THE ▇▇▇▇▇▇▇▇▇ COMPANY,
IMAGE SYSTEMS, INC.,
▇▇▇▇▇▇ BROTHERS, INC.,
IRONWOOD LITHOGRAPHERS, INC.,
PRINTING CORPORATION OF AMERICA,
PRIDE PRINTERS, INC.,
RUSH PRESS, INC.,
▇▇▇▇▇▇ PRINTING COMPANY
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇ ▇. ▇▇▇▇▇
Title: CHAIRMAN OF THE BOARD AND CHIEF
EXECUTIVE OFFICER
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