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Axalta Coating Systems Ltd. – IPO: ‘S-1’ on 8/20/14 – EX-10.2

On:  Wednesday, 8/20/14, at 5:06pm ET   ·   Accession #:  1193125-14-315910   ·   File #:  333-198271

Previous ‘S-1’:  None   ·   Next:  ‘S-1/A’ on 9/25/14   ·   Latest:  ‘S-1/A’ on 8/10/15   ·   8 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/20/14  Axalta Coating Systems Ltd.       S-1                   69:14M                                    RR Donnelley/FA

Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML   2.71M 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML    701K 
                          Liquidation or Succession                              
 3: EX-2.2      Plan of Acquisition, Reorganization, Arrangement,   HTML     53K 
                          Liquidation or Succession                              
 4: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    708K 
12: EX-4.10     Instrument Defining the Rights of Security Holders  HTML     46K 
13: EX-4.11     Instrument Defining the Rights of Security Holders  HTML    740K 
14: EX-4.13     Instrument Defining the Rights of Security Holders  HTML     33K 
15: EX-4.14     Instrument Defining the Rights of Security Holders  HTML     43K 
16: EX-4.15     Instrument Defining the Rights of Security Holders  HTML     36K 
17: EX-4.16     Instrument Defining the Rights of Security Holders  HTML     55K 
18: EX-4.17     Instrument Defining the Rights of Security Holders  HTML     35K 
19: EX-4.18     Instrument Defining the Rights of Security Holders  HTML     35K 
20: EX-4.19     Instrument Defining the Rights of Security Holders  HTML     34K 
21: EX-4.20     Instrument Defining the Rights of Security Holders  HTML     47K 
 5: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     33K 
 6: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     43K 
 7: EX-4.5      Instrument Defining the Rights of Security Holders  HTML     36K 
 8: EX-4.6      Instrument Defining the Rights of Security Holders  HTML     55K 
 9: EX-4.7      Instrument Defining the Rights of Security Holders  HTML     34K 
10: EX-4.8      Instrument Defining the Rights of Security Holders  HTML     34K 
11: EX-4.9      Instrument Defining the Rights of Security Holders  HTML     33K 
22: EX-10.1     Material Contract                                   HTML   1.00M 
31: EX-10.10    Material Contract                                   HTML    179K 
32: EX-10.11    Material Contract                                   HTML     55K 
33: EX-10.12    Material Contract                                   HTML     70K 
34: EX-10.13    Material Contract                                   HTML     76K 
35: EX-10.14    Material Contract                                   HTML    102K 
36: EX-10.15    Material Contract                                   HTML    138K 
37: EX-10.16    Material Contract                                   HTML    144K 
38: EX-10.17    Material Contract                                   HTML     70K 
39: EX-10.18    Material Contract                                   HTML     57K 
40: EX-10.19    Material Contract                                   HTML     71K 
23: EX-10.2     Material Contract                                   HTML     26K 
41: EX-10.20    Material Contract                                   HTML    125K 
42: EX-10.21    Material Contract                                   HTML    111K 
43: EX-10.22    Material Contract                                   HTML    109K 
44: EX-10.23    Material Contract                                   HTML    114K 
45: EX-10.24    Material Contract                                   HTML    114K 
46: EX-10.25    Material Contract                                   HTML    116K 
47: EX-10.26    Material Contract                                   HTML    122K 
48: EX-10.27    Material Contract                                   HTML    100K 
49: EX-10.28    Material Contract                                   HTML    101K 
50: EX-10.29    Material Contract                                   HTML    110K 
24: EX-10.3     Material Contract                                   HTML     78K 
51: EX-10.30    Material Contract                                   HTML    111K 
52: EX-10.31    Material Contract                                   HTML    121K 
53: EX-10.32    Material Contract                                   HTML    110K 
54: EX-10.33    Material Contract                                   HTML    111K 
55: EX-10.34    Material Contract                                   HTML     61K 
56: EX-10.35    Material Contract                                   HTML     60K 
57: EX-10.36    Material Contract                                   HTML     86K 
58: EX-10.37    Material Contract                                   HTML     87K 
59: EX-10.38    Material Contract                                   HTML     75K 
60: EX-10.39    Material Contract                                   HTML    167K 
25: EX-10.4     Material Contract                                   HTML    130K 
61: EX-10.40    Material Contract                                   HTML    160K 
62: EX-10.41    Material Contract                                   HTML    110K 
63: EX-10.42    Material Contract                                   HTML    104K 
64: EX-10.43    Material Contract                                   HTML    163K 
65: EX-10.44    Material Contract                                   HTML    155K 
66: EX-10.45    Material Contract                                   HTML    111K 
67: EX-10.46    Material Contract                                   HTML    105K 
26: EX-10.5     Material Contract                                   HTML    138K 
27: EX-10.6     Material Contract                                   HTML     31K 
28: EX-10.7     Material Contract                                   HTML     31K 
29: EX-10.8     Material Contract                                   HTML     95K 
30: EX-10.9     Material Contract                                   HTML     80K 
68: EX-21.1     Subsidiaries of the Registrant                      HTML     22K 
69: EX-23.2     Consent of Experts or Counsel                       HTML     18K 


EX-10.2   —   Material Contract


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.2  

Exhibit 10.2

AMENDMENT NO. 1 AGREEMENT, dated as of May 24, 2013 (this “Amendment”), to the Credit Agreement dated as of February 1, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among FLASH DUTCH 2 B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized and established under the laws of the Netherlands, (the “Dutch Borrower”), AXALTA COATING SYSTEMS U.S. HOLDINGS, INC. (as successor in interest to U.S. Coatings Acquisition Inc.), a corporation organized under the laws of Delaware (the “U.S. Borrower” and together with the Dutch Borrower, collectively, the “Borrowers”), AXALTA COATING SYSTEMS U.S., INC. (as successor in interest to Coatings Co. U.S. Inc.), a corporation organized under the laws of Delaware (“U.S. Holdings”), FLASH DUTCH 1 B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized and established under the laws of the Netherlands, (“Holdings”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), BARCLAYS BANK PLC, as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer and the other parties thereto. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement.

WHEREAS, Section 10.01 of the Credit Agreement provides that the Credit Agreement and any other Loan Documents may be waived, amended, supplemented or modified with the consent of the Borrowers and the Administrative Agent to cure a defect, error or omission of a technical nature;

WHEREAS, the Borrowers and the Administrative Agent desire to amend the Credit Agreement and the Security Agreement, for the avoidance of doubt, to cure a possible defect, error or omission of a technical nature on the terms set forth herein;

NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

Section 1. Amendments.

(a) Section 6.01(a) of the Credit Agreement is hereby amended by adding immediately following the phrase “a consolidated balance sheet of the Dutch Borrower and its Subsidiaries, the phrase “(or, for the avoidance of doubt, solely in the case of the fiscal year ended December 31, 2012, the carve-out financials for DuPont Performance Coatings)”;

(b) Schedule 5.08(b) is hereby amended as set forth in Exhibit A hereto; and

(c) Schedule 5.16 and Schedule III to the Security Agreement are each hereby amended as set forth in Exhibit B hereto.

Section 2. Effectiveness. Section 1 of this Amendment shall become effective on the date that the Administrative Agent shall have received this Amendment, duly executed by the Borrowers and the Administrative Agent.

Section 3. Counterparts. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when


so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

Section 4. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

Section 5. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

Section 6. Effect of Amendment. Except as expressly set forth herein, (i) this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or the L/C Issuers, in each case under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document. Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document (for avoidance of doubt, in each case, as altered, modified or amended as expressly set forth herein) is hereby ratified and reaffirmed in all respects and shall continue in full force and effect.

 

-2-


IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

 

FLASH DUTCH 2 B.V., as Dutch Borrower
By:  

/s/ Marco Besseling

  Name:  Marco Besseling
  Title:    Managing Director A
By:  

/s/ Annemiek Schriek-Van Leuven

  Name:  Annemiek Schriek-Van Leuven
  Title:    Managing Director B
AXALTA COATING SYSTEMS U.S. HOLDINGS, INC., as U.S. Borrower
By:  

/s/ Robert W. Bryant

  Name:  Robert W. Bryant
  Title:    Treasurer

[Signature Page to Amendment]


BARCLAYS BANK PLC, as Administrative Agent
By:  

/s/ Vanessa A. Kurbatskiy

  Name:  Vanessa A. Kurbatskiy
  Title:    Vice President

[Signature Page to Amendment]


Dates Referenced Herein

This ‘S-1’ Filing    Date    Other Filings
Filed on:8/20/14None on these Dates
5/24/13
2/1/13
12/31/12
 List all Filings


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/15/24  Axalta Coating Systems Ltd.       10-K       12/31/23  135:16M
 2/16/23  Axalta Coating Systems Ltd.       10-K       12/31/22  134:18M
 2/18/22  Axalta Coating Systems Ltd.       10-K       12/31/21  136:18M
 2/18/21  Axalta Coating Systems Ltd.       10-K       12/31/20  136:19M
11/04/14  SEC                               UPLOAD10/06/17    1:39K  Axalta Coating Systems Ltd.
10/21/14  SEC                               UPLOAD10/06/17    1:136K Axalta Coating Systems Ltd.
10/09/14  SEC                               UPLOAD10/06/17    1:173K Axalta Coating Systems Ltd.
 9/17/14  SEC                               UPLOAD10/06/17    1:209K Axalta Coating Systems Ltd.
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Filing Submission 0001193125-14-315910   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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