SECOND AMENDED AND RESTATED CREDIT AGREEMENT
SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 23, 2021 (this Agreement), among BRIGHT
HORIZONS FAMILY SOLUTIONS LLC, a Delaware limited liability company (the Borrower), BRIGHT HORIZONS CAPITAL CORP., a Delaware corporation, JPMORGAN CHASE BANK, N.A., as Administrative Agent and L/C Issuer and each lender
from time to time party hereto (collectively, the Lenders and individually, a Lender).
PRELIMINARY STATEMENTS
The Borrower, Bright Horizons Capital Corp., the Lenders, and JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer are parties to
that certain Credit Agreement originally dated as of January 30, 2013 (as amended and restated as of November 7, 2016, as amended by the Amendment Agreement, dated as of May 8, 2017, the Amendment to Credit Agreement, dated as of November
30, 2017, the Third Amendment to Credit Agreement, dated as of May 31, 2018, the Fourth Amendment to Credit Agreement, dated as of April 24, 2020, the Fifth Amendment to Credit Agreement, dated as of May 7, 2020 and the Sixth Amendment to
Credit Agreement, dated as of May 26, 2021 and as further amended, restated, supplemented or otherwise modified prior to the date hereof, the Existing Credit Agreement).
The Borrower, Bright Horizons Capital Corp., the Lenders, and JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer, have entered
into the Amendment Agreement, dated as of November 23, 2021 (the 2021 Amendment Agreement), pursuant to which (i) the 2021 Term B
Lenders (as defined below)certain lenders agreed to make certain term loans
(2021 Term B Loans (as defined below)) constituting Other Term Loans in an aggregate principal amount of $600,000,000 on the 2021 Effective Date (as defined
below), (ii) the Term A Lenders (as defined below) agreed to make Term A Loans (as defined below) in an aggregate principal amount of $400,000,000 on the 2021 Effective Date (iii) the Borrower agreed to use the proceeds of such 2021 Term B
Loans and Term A Loans, together with cash on hand, to prepay in full the outstanding principal amount of the Existing Term B Loans (as defined in the 2021 Amendment Agreement), together with any accrued but unpaid interest, and to pay related fees
and expenses and (iv) the parties thereto have agreed, subject to the terms and conditions thereof, to amend and restate the Existing Credit Agreement to be in the form hereof.
As of the 2021 Effective Date, the Existing Credit Agreement is amended and restated in the form of this Agreement in accordance with the 2021
Amendment Agreement.
In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as
follows:
ARTICLE I
Definitions and Accounting Terms
SECTION 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below:
2016 Effective Date means November 7, 2016.
2021 Effective Date means November 23, 2021.
2021 Amendment Agreement has the meaning specified in the Preliminary Statements.
2021 Term B Loans has the meaning specified in
the Preliminary Statements.
20212024 Term B
Lender means as of any date of determination, any Lender that holds a portion of the outstanding 20212024 Term B Loans on such date.
20212024 Term B Loan Commitments means the 20212024 Term B Commitments, as defined in the 2021Second Amendment Agreement.