Dean Foods Company entered into a credit agreement, dated as of March 26, 2015, by and among the company, the subsidiary guarantors thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent pursuant to which the company established a five-year senior secured revolving credit facility in a principal amount up to $450 million with an option to request an increase in the aggregate commitments under the facility by up to $200 million. On January 4, 2017, the company and the subsidiary guarantors party thereto entered into a second amendment to the credit agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto. Terms modified by the amendment apply to all lenders under the credit agreement, including the lenders added pursuant to the amendment, and include the following: extension of the maturity date of the revolving credit facility to January 4, 2022; modification of the leverage ratio covenant to add a requirement that the Company comply with a maximum total net leverage ratio (which, for purposes of calculating indebtedness, excludes borrowings under the company's receivables securitization facility) not to exceed 4.25 to 1.00 and to eliminate the maximum senior secured net leverage ratio requirement; modification of the definition of Consolidated EBITDA to permit certain pro forma cost savings add-backs in connection with permitted acquisitions and dispositions; modification of the definition of Applicable Rate to reduce the interest rate margins such that loans outstanding under the revolving credit facility will bear interest, at the Company's option, at either (i) the LIBO Rate (as defined in the Credit Agreement) plus a margin of between 1.75% and 2.50% (initially 2.00%) based on the Company's total net leverage ratio, or (ii) the Alternate Base Rate (as defined in the Credit Agreement) plus a margin of between 0.75% and 1.50% (initially 1.00%) based on the Company's total net leverage ratio; modification of certain negative covenants to provide additional flexibility for the incurrence of debt, the payment of dividends and the making of certain permitted acquisitions and other investments; elimination and release of all real property as collateral for loans under the revolving credit facility; and addition to provide the Company the ability to request that increases in the aggregate commitments under the revolving credit facility be made available as either revolving loans or term loans.