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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/05/15 Tesla, Inc. 10-Q 9/30/15 59:6.4M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 532K
2: EX-10.1 Material Contract HTML 48K
3: EX-31.1 Certification -- §302 - SOA'02 HTML 28K
4: EX-31.2 Certification -- §302 - SOA'02 HTML 28K
5: EX-32.1 Certification -- §906 - SOA'02 HTML 23K
39: R1 Document and Entity Information HTML 41K
29: R2 Consolidated Balance Sheets (Unaudited) HTML 119K
37: R3 Consolidated Balance Sheets (Parenthetical) HTML 42K
41: R4 Consolidated Statements of Operations (Unaudited) HTML 74K
54: R5 Consolidated Statements of Comprehensive Loss HTML 41K
(Unaudited)
31: R6 Consolidated Statements of Cash Flows (Unaudited) HTML 134K
36: R7 Overview of the Company HTML 24K
26: R8 Summary of Significant Accounting Policies HTML 212K
18: R9 Fair Value of Financial Instruments HTML 82K
55: R10 Inventory HTML 47K
43: R11 Property, Plant, and Equipment HTML 68K
42: R12 Accrued Liabilities HTML 46K
47: R13 Customer Deposits HTML 22K
48: R14 Convertible and Long-term Debt Obligations HTML 154K
46: R15 Equity Incentive Plans HTML 71K
49: R16 Commitments and Contingencies HTML 26K
38: R17 Summary of Significant Accounting Policies HTML 248K
(Policies)
40: R18 Summary of Significant Accounting Policies HTML 190K
(Tables)
45: R19 Fair Value of Financial Instruments (Tables) HTML 76K
59: R20 Inventory (Tables) HTML 45K
51: R21 Property, Plant, and Equipment (Tables) HTML 63K
33: R22 Accrued Liabilities (Tables) HTML 44K
44: R23 Convertible and Long-term Debt Obligations HTML 137K
(Tables)
35: R24 Equity Incentive Plans (Tables) HTML 58K
15: R25 Overview of the Company - Additional Information HTML 28K
(Detail)
52: R26 Summary of Significant Accounting Policies - HTML 87K
Additional Information (Detail)
56: R27 Summary of Significant Accounting Policies - HTML 61K
Schedule of Account Activity Related to Resale
Value Guarantee Program (Detail)
22: R28 Summary of Significant Accounting Policies - HTML 31K
Schedule of Accrued Warranty Activity (Detail)
21: R29 Summary of Significant Accounting Policies - HTML 33K
Schedule of Potential Weighted Common Shares
Outstanding that were Excluded from Computation of
Diluted Net Loss per Share of Common Stock
(Detail)
24: R30 Fair Value of Financial Instruments - Additional HTML 39K
Information (Detail)
25: R31 Fair Value of Financial Instruments - Schedule of HTML 32K
Fair Value Hierarchy of Financial Assets Carried
at Fair Value (Detail)
27: R32 Inventory - Schedule of Inventory (Detail) HTML 32K
14: R33 Property Plant and Equipment - Schedule of HTML 45K
Property, Plant and Equipment, Net (Detail)
50: R34 Property Plant and Equipment - Additional HTML 48K
Information (Detail)
32: R35 Accrued Liabilities - Schedule of Accrued HTML 31K
Liabilities (Detail)
34: R36 Customer Deposits - Additional Information HTML 22K
(Detail)
17: R37 Convertible and Long-term Debt Obligations - 0.25% HTML 92K
and 1.25% Convertible Senior Notes and Bond Hedge
and Warrant Transactions - Additional Information
(Detail)
58: R38 Convertible and Long-term Debt Obligations - 1.50% HTML 87K
Convertible Senior Notes and Bond Hedge and
Warrant Transactions - Additional Information
(Detail)
12: R39 Convertible and Long-term Debt Obligations - HTML 54K
Schedule of Debt Discounts (Detail)
28: R40 Convertible and Long-term Debt Obligations - HTML 44K
Warehouse Line of Credit - Additional Information
(Detail)
53: R41 Convertible and Long-term Debt Obligations - HTML 41K
Asset-Based Credit Agreement - Additional
Information (Detail)
16: R42 Convertible and Long-term Debt Obligations - HTML 23K
Pledged Assets - Additional Information (Detail)
20: R43 Convertible and Long-term Debt Obligations - HTML 31K
Schedule of Aggregate Amount of Interest Expense
Recognized (Detail)
23: R44 Equity Incentive Plans - Additional Information HTML 59K
(Detail)
30: R45 Equity Incentive Plans - Summary of Stock-Based HTML 32K
Compensation Expense (Detail)
57: XML IDEA XML File -- Filing Summary XML 106K
13: EXCEL IDEA Workbook of Financial Reports XLSX 65K
6: EX-101.INS XBRL Instance -- tsla-20150930 XML 1.85M
8: EX-101.CAL XBRL Calculations -- tsla-20150930_cal XML 150K
9: EX-101.DEF XBRL Definitions -- tsla-20150930_def XML 390K
10: EX-101.LAB XBRL Labels -- tsla-20150930_lab XML 887K
11: EX-101.PRE XBRL Presentations -- tsla-20150930_pre XML 676K
7: EX-101.SCH XBRL Schema -- tsla-20150930 XSD 142K
19: ZIP XBRL Zipped Folder -- 0001564590-15-009741-xbrl Zip 127K
Exhibit 10.1
Execution Version
FIRST AMENDMENT TO CREDIT AGREEMENT
FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”), dated as of November 3, 2015, to that certain ABL Credit Agreement, dated as of June 10, 2015 (as amended, supplemented or otherwise modified through the date hereof, the “Credit Agreement”), among Tesla Motors, Inc. (the “Company”, and together with each Wholly-Owned Domestic Subsidiary of the Company that becomes a U.S. Borrower pursuant to the terms of the Credit Agreement, collectively, the “U.S. Borrowers”), Tesla Motors Netherlands B.V. (“Tesla B.V.”, and together with each Wholly-Owned Dutch Subsidiary of Tesla B.V. that becomes a Dutch Borrower pursuant to the terms of the Credit Agreement, collectively, the “Dutch Borrowers”; and the Dutch Borrowers, together with the U.S. Borrowers, collectively, the “Borrowers”), the lenders from time to time party thereto (the “Lenders”), Deutsche Bank AG New York Branch, as Administrative Agent (the “Administrative Agent”) and as Collateral Agent, and the other agents party thereto.
RECITALS:
WHEREAS, pursuant to Section 13.12 of the Credit Agreement, (i) the Credit Agreement may be amended with the written consent of the Required Lenders and each Credit Party party to the Credit Agreement and (ii) Section 3 of the Credit Agreement may only be amended with the written consent of each Issuing Lender; and
WHEREAS, the parties now wish to amend the Credit Agreement in certain respects.
AGREEMENT:
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows:
Section 1. Defined Terms. Unless otherwise specifically defined herein, each term used herein (including in the recitals above) has the meaning assigned to such term in the Credit Agreement.
Section 2. Amendments.
2.1 Amendments to Section 1.1 of the Credit Agreement.
2.1.1 The following definition shall be inserted into Section 1.1 in appropriate alphabetical order:
““First Amendment Effective Date” shall mean November 3, 2015.”
2.1.2 Clause (b) of the definition of Permitted Ratio Indebtedness shall be amended by inserting the word “Permitted” immediately after “Ratio-Related”.
2.2 Amendment to Section 2.14(e) of the Credit Agreement.
Section 2.14(e) of the Credit Agreement shall be amended by inserting immediately prior to the “.” at the end thereof:
“; provided that the foregoing clause (e) shall not apply (including in respect of any Incremental Commitments incurred prior to the First Amendment Effective Date) to the dollar thresholds set forth in the definition of “Convertible Notes Maturity Default”
2.3 Amendment to Section 3.02(a)(i) of the Credit Agreement.
Section 3.02(a)(i) shall be amended by deleting “$100,000,000” therein and inserting “$200,000,000” in lieu thereof.
2.4 Amendment to Section 10.03(c) of the Credit Agreement.
Clause (x) of Section 10.03(c) of the Credit Agreement shall be amended by deleting the words “redemptions and repurchases” and inserting the words “redemptions, repurchases and other acquisitions” in lieu thereof.
2.5 Amendment to Section 10.03(o) of the Credit Agreement.
Section 10.03(o) of the Credit Agreement shall be amended by deleting “10.08(a)(iv)” and inserting “10.08(a)(v)” in lieu thereof.
2.6 Amendment to Section 10.08(a)(iv) of the Credit Agreement.
Section 10.08(a)(iv) of the Credit Agreement shall be amended by deleting “the Company” and inserting “the applicable Subsidiary” in lieu thereof.
Section 3. Conditions. This Agreement shall become effective on the date on which the following conditions precedent have been satisfied or waived (the date on which such conditions shall have been so satisfied or waived, the “Amendment Effective Date”):
(a) The Administrative Agent shall have received a counterpart of this Agreement, executed and delivered by the Credit Parties, the Administrative Agent, the Required Lenders and the Issuing Lenders.
(b) All fees required to be paid to the Administrative Agent and the Lenders in connection herewith, accrued reasonable and documented out-of-pocket costs and expenses (including, to the extent invoiced in advance, reasonable legal fees and out-of-pocket expenses of counsel) and other compensation due and payable to the Administrative Agent and the Lenders on or prior to the Amendment Effective Date shall have been paid.
(c) Each of the representations and warranties made by the Credit Parties in or pursuant to the Credit Agreement or in or pursuant to the other Credit Documents shall be true and correct in all material respects (except that any representation and warranty that is qualified or subject to “Material Adverse Effect” shall be true and correct in all respects) on and as of the Amendment Effective Date as if made on and as of such date except for such representations and warranties expressly stated to be made as of an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date).
(d) No Default or Event of Default shall exist on the Amendment Effective Date.
(e) The Administrative Agent shall have received an officer’s certificate from an Authorized Officer of the Company and dated as of the Amendment Effective Date, certifying that each condition set forth in Sections 3(c) and (d) hereof have been satisfied on and as of the Amendment Effective Date.
Section 4. Representations and Warranties, etc. The Borrowers hereby confirm, reaffirm and restate that each of the representations and warranties made by any Credit Party in the Credit Documents is true and correct in all material respects on and as of the Amendment Effective Date (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date and (y) any representation or warranty that is qualified by “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects). The Borrowers represent and warrant that, immediately after giving effect to the occurrence of the Amendment Effective Date, no Default or Event of Default has occurred and is continuing. The Borrowers represent and warrant that each Credit Party (i) has the Business power and authority to execute, deliver and perform the terms and provisions of the Agreement and has taken all necessary Business action to authorize the execution, delivery and performance by thereof and (ii) has duly executed and delivered this Agreement, and that this Agreement constitutes a legal, valid and binding obligation of the Borrowers enforceable against each Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).
Section 5. Governing Law. This Agreement and the rights of the parties hereunder shall be governed by and construed in accordance with the laws of the State of New York (without regard to conflicts of law principles that would result in the application of any law other than the law of the State of New York).
Section 6. Effect of This Agreement. Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of any Lender or Agent under the Credit Agreement or any other Credit Document, and 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 Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in similar or different circumstances.
Section 7. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or electronic transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart hereof.
Section 8. Miscellaneous. This Agreement shall constitute a Credit Document for all purposes of the Credit Agreement. The Borrowers shall pay all reasonable fees, costs and expenses of the Administrative Agent incurred in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby.
[remainder of page intentionally left blank]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.
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TESLA MOTORS, INC. |
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By: |
/s/ Deepak Ahuja |
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Name: Deepak Ahuja Title: Chief Financial Officer |
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TESLA MOTORS NETHERLANDS, B.V. |
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By: |
/s/ Todd A. Maron |
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Name: Todd A. Maron Title: Managing Director |
[Amendment to Credit Agreement – Signature Page]
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DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent, Collateral Agent, an Issuing Lender and a Lender |
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/s/ Michael Shannon |
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Name: Peter Cucchiara Title: Vice President |
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/s/ Peter Cucchiara |
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Name: Peter Cucchiara Title: Vice President |
[Amendment to Credit Agreement – Signature Page]
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JPMORGAN CHASE BANK, N.A., as an Issuing Lender and a Lender |
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By: |
/s/ Annaliese Fisher |
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Name: Annaliese Fisher Title: Authorized Officer |
[Amendment to Credit Agreement – Signature Page]
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MORGAN STANLEY SENIOR |
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By: |
/s/ Jason Lipschitz |
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Name: Jason Lipschitz Title: Vice President |
[Amendment to Credit Agreement – Signature Page]
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By: |
/s/ Robert M. Dalton |
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Name: Robert M. Dalton Title: Senior Vice President |
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[Amendment to Credit Agreement – Signature Page]
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By: |
/s/ K. Kelly Gunness |
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Name: K. Kelly Gunness Title: Vice President and Director |
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[Amendment to Credit Agreement – Signature Page]
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By: |
/s/ Krista Mize |
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Name: Krista Mize Title: Authorized Signatory |
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[Amendment to Credit Agreement – Signature Page]
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By: |
/s/ Vipul Dhadda |
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Name: Vipul Dhadda Title: Authorized Signatory |
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By: |
/s/ Sean MacGregor |
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Name: Sean MacGregor Title: Authorized Signatory |
[Amendment to Credit Agreement – Signature Page]
[Amendment to Credit Agreement – Signature Page]
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 11/5/15 | 4 | ||
| 11/3/15 | 8-K | |||
| For Period end: | 9/30/15 | |||
| 6/10/15 | 8-K | |||
| List all Filings | ||||