CANWEST MEDIA INC.
Exhibit 4.48
SENIOR SECURED CREDIT FACILITIES
CANWEST MEDIA INC.
as Borrower
- and -
CANWEST GLOBAL COMMUNICATIONS CORP.
as Guarantor
- and -
THE FINANCIAL INSTITUTIONS IDENTIFIED
ON THE SIGNATURE PAGES HERETO
as Lenders
- and -
CANADIAN IMPERIAL BANK OF COMMERCE
as Co-Lead Arranger, Joint Bookrunner and Syndication Agent
- and -
THE BANK OF NOVA SCOTIA
as Co-Lead Arranger, Joint Bookrunner and Administrative Agent
- and -
BANK OF AMERICA CANADA
as Arranger and Documentation Agent
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AMENDING AGREEMENT
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Dated as of September 5, 2001
AMENDING AGREEMENT
This amending agreement dated as of September 5, 2001 among CanWest
Media Inc. (the "BORROWER"), as borrower, CanWest Global Communications Corp.
(the "GUARANTOR"), as guarantor, the financial institutions identified on the
signature pages hereto as Lenders, and The Bank of Nova Scotia, as
administrative agent.
WHEREAS The Bank of Nova Scotia, as administrative agent (in such
capacity, the "ADMINISTRATIVE AGENT") and such other Persons (as that term is
defined in the Credit Agreement hereinafter defined and referred to) as may from
time to time be parties to the Credit Agreement (collectively, together with The
Bank of Nova Scotia in its capacity as a lender, the "LENDERS") agreed to make
certain credit facilities available to the Borrower upon the terms and
conditions contained in a credit agreement among the Borrower, the Guarantor,
the Administrative Agent and the Lenders dated as of November 7, 2000 (the
"CREDIT AGREEMENT");
AND WHEREAS the Borrower has requested of the Administrative Agent and
the Lenders that the Credit Agreement be amended as hereinafter provided and the
Administrative Agent and the Lenders have agreed to permit such amendments to
the Credit Agreement on the terms and conditions set forth in this amending
agreement;
NOW THEREFORE in consideration of the foregoing premises and other good
and valuable consideration, the receipt and sufficiency of which are
acknowledged, the Borrower, the Guarantor, the Administrative Agent and the
Lenders agree as follows:
1. DEFINED TERMS. Capitalized terms used in this amending agreement and
not otherwise defined shall have the respective meanings attributed to them in
the Credit Agreement.
2. AMENDMENT TO SECTION 1.01. The definition of "Permitted Encumbrances"
in Section 1.01 of the Credit Agreement shall be amended by adding to the end
thereof the following as paragraph (w):
"(w) Encumbrances, not otherwise permitted in this definition, securing
Permitted Debt not in excess of $25 million in the aggregate, provided
such Encumbrances are subordinated to the Security Interests granted to
the Lenders in a manner satisfactory to the Administrative Agent."
3. REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT. On and after this
date, each reference in the Credit Agreement to "this agreement" and each
reference to the Credit Agreement in the Credit Documents and any and all other
agreements, documents and instruments delivered by any of the Lenders, the
Administrative Agent, the Borrower, the Guarantor or any other Person shall mean
and be a reference to the Credit Agreement as amended by this amending
agreement. Except as specifically amended by this amending agreement, the Credit
Agreement shall remain in full force and effect and is hereby ratified and
confirmed.
4. NO WAIVER, ETC. The execution, delivery and effectiveness of this
amending agreement shall not, except as expressly provided, operate as a waiver
of any right, power or remedy of the
Administrative Agent or any of the Lenders under any of the Credit Documents nor
constitute a waiver of any provision of any of the Credit Documents.
5. GOVERNING LAW. This amending agreement shall be governed by and
interpreted and enforced in accordance with the laws of the Province of Ontario
and the laws of Canada applicable therein.
6. COUNTERPARTS. This amending agreement may be executed in any number of
counterparts (including by way of facsimile) and all of such counterparts taken
together shall be deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have caused this amending agreement to
be executed by their respective duly authorized officers as of the date first
above written.
CANWEST MEDIA INC.,
as Borrower
Per: /s/ XXXX XXXXXXX
--------------------------------------
Authorized Signing Officer
Per: /s/ P.A. XXXXXX
--------------------------------------
Authorized Signing Officer
2
CANWEST GLOBAL COMMUNICATIONS CORP.
as Guarantor
Per: /s/ XXXX XXXXXXX
--------------------------------------
Authorized Signing Officer
Per: /s/ P.A. XXXXXX
--------------------------------------
Authorized Signing Officer
THE BANK OF NOVA SCOTIA,
as Administrative Agent
Per: ______________________________________
Authorized Signing Officer
Per: ______________________________________
Authorized Signing Officer
3
Lenders' Signature Pages
Amending Agreement dated as of
September 5,2001, among
CanWest Media Inc.,
CanWest Global Communications Corp.,
the Administrative Agent and the Lender
___________________________________________
Name of Xxxxxx
Per: ______________________________________
Authorized Signing Officer
Per: ______________________________________
Authorized Signing Officer
4
CANWEST GLOBAL COMMUNICATIONS CORP.
as Guarantor
Per: ______________________________________
Authorized Signing Officer
Per: ______________________________________
Authorized Signing Officer
THE BANK OF NOVA SCOTIA,
as Administrative Agent
Per: ______________________________________
Authorized Signing Officer
Per: ______________________________________
Authorized Signing Officer
5
AMMC CDO II, LIMITED
By: American Money Management
Name of Corp., as Collateral Manager
Institution: ------------------------------
Per: /s/ XXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
Xxxxx X. Xxxxx
Vice President
6
AMMC CDO I, LIMITED
By: American Money Management
Corp., as Collateral
Name of Manager
Institution: ------------------------------
Per: /s/ XXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
Xxxxx X. Xxxxx
Vice President
Name of
Institution: Bank of Montreal
------------------------------
Per: /s/ XXXXX XXX
--------------------------------------
Authorized Signing Officer
Xxxxx Xxx
Name of
Institution: Canadian Imperial Bank of Canada
--------------------------------
Per: /s/ XXXXXXXX XXXXXXXX
/s/ X.X. XXXXXX
--------------------------------------
Authorized Signing Officer
Xxxxxxxx Xxxxxxxx
Director
X.X. Xxxxxx
Executive Director
6
Name of
Institution: Xxxxxxxx XXX XX, Limited
------------------------------
Per: /s/ XXXXXXXX XXXXXX
--------------------------------------
Authorized Signing Officer
Xxxxxxxx Xxxxxx
Vice President
6
Name of
Institution: Xxxxxxxx Xxxxxxxx Rate Trust
------------------------------
Per: /s/ XXXXXXXX XXXXXX
--------------------------------------
Authorized Signing Officer
Xxxxxxxx Xxxxxx
Vice President
Name of
Institution: Xxxxxxxx XXX X, Limited
------------------------------
Per: /s/ XXXXXXXX XXXXXX
--------------------------------------
Authorized Signing Officer
Xxxxxxxx Xxxxxx
Vice President
Name of
Institution: Xxxxxxxx Xxxxxxxx Rate Master Series
------------------------------------
Per: /s/ XXXXXXXX XXXXXX
--------------------------------------------
Authorized Signing Officer
Xxxxxxxx Xxxxxx
Vice President
6
INDOSUEZ CAPITAL FUNDING VI, LIMITED
Name of By: Indosuez Capitalas Collateral Manager
Institution: ------------------------------------------
Per: /s/ XXXXXXX XXXXXX
--------------------------------------------
Authorized Signing Officer
Xxxxxxx Xxxxxx
Vice President
6
MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
By: X.X. Xxxxxx & Co., Inc
Name of As Investment Advisor
Institution: ------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
MASS MUTUAL HIGH YIELD PARTNERS II LLC
By: HYP Management, Inc.
Name of As Managing Member
Institution: --------------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
MAPLEWOOD (CAYMAN) LTD
By: X.X. Xxxxxx & Co., Inc
Under Delegated Authority
From Mass Mutual Life
Insurance Co. As Investment
Name of Manager
Institution:------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
OAK HILL CREDIT PARTNERS I, LIMITED
By: Oak Hill CLO Management, LLC
Name of as Investment Manager
Institution: -----------------------------------
Per: /s/ XXXXX X. XXXXX
-------------------------------------------
Authorized Signing Officer
Xxxxx X. Xxxxx
Vice President
6
OAK HILL SECURITIES FUND II, L.P.
By: Oak Hill Securities Gen Par II, L.P.,
its General Partner
By: Oak Hill Securities MGP II, Inc.
its General Partner
Name of
Institution:-------------------------------------
Per: /s/ XXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
Xxxxx X. Xxxxx
Vice President
6
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities Gen Par, L.P.
its General Partner
By: Oak Hill Securities MGR, Inc.
its General Partner
Name of
Institution: -----------------------------------
Per: /s/ XXXXX X. XXXXX
-----------------------------------
Authorized Signing Partner
Xxxxx X. Xxxxx
Vice President
PERSEUS CDO I, LIMITED
By: X.X. Xxxxxx L. Company, Inc.
under delegated authority from
MASS MUTUAL LIFE INSURANCE
Name of CO. As Portfolio Manager
Institution:-------------------------------
Per: /s/ XXXXXX X. XXXXX
---------------------------------------
Authorized Signing Officer
6
Name of
Institution: Royal Bank of Canada
------------------------------
Per: /s/ XXX XXXXXXXXXXX
--------------------------------------
Authorized Signing Officer
6
SAAR HOLDINGS CDO LIMITED
By: Xxxxx X. Xxxxxx & Co., INC
Under Delegated Authority from
Name of MASS MUTUAL LIFE INSURANCE
Institution: CO As Collateral Manager
------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
SIMSBURY CLO LTD
By: X.X. Xxxxxx & Co., INC
Under Delegated Authority
From MASS MUTUAL
Name of LIFE INSURANCE CO
Institution: As Collateral Manager
------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
XXXXXX CDO LIMITED
By: X.X. Xxxxxx & Co., INC
Under Delegated Authority
From MASS MUTUAL LIFE
Name of INSURANCE CO. As Collateral
Institution: Manager
------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
SUFFIELD CDO, LTD
Name of By: X.X. Xxxxxx & Co., INC
Institution: As Collateral Manager
-------------------------------
Per: /s/ XXXXXX X. XXXXX
--------------------------------------
Authorized Signing Officer
6
Xxxxxxx - Xxxxx Xxx Advisor
Floating Rate Advantage Fund
Name of By Xxxxx Xxx & Xxxxxxx
Institution: Incorporated, As Advisor
------------------------------
Per: /s/ XXXXX X. GOOD
--------------------------
Authorized Signing Officer
Xxxxx X. Xxxx
Sr. Vice President & Portfolio Manager
6
Name of Xxxxx Xxx Floating Rate
Institution: Limited Liability Company
---------------------------
Per: /s/ XXXXX X. GOOD
-----------------------------------
Authorized Signing Officer
Xxxxx X. Xxxx
Senior Vice President
Xxxxx Xxx & Xxxxxxx Incorporated,
as Advisor to the Xxxxx Xxx Floating
Rate Limited Liability Company
6
Xxxxx Xxx & Xxxxxxx CLO I Ltd.,
by Xxxxx Xxx & Xxxxxxx
Name of Incorporated As Portfolio
Institution: Manager
------------------------------
Per: /s/ XXXXX X. GOOD
------------------------------
Authorized Signing Officer
Xxxxx X. Xxxx
Sr. Vice President &
Portfolio Manager
Name of Xxxxx Xxx & Xxxxxxx Incorporated,
Institution: As Agent for Keyport Life Insurance Company
------------------------------
Per: /s/ XXXXX X. GOOD
------------------------------
Authorized Signing Officer
Xxxxx X. Xxxx
Sr. Vice President &
Portfolio Manager
Name of
Institution: GIBRALTAR LIMITED
______________________________
Per: /S/ XXXX XXXXXXXX
______________________________________
Authorized Signing Officer
Xxxx Xxxxxxxx
Seneca Capital Management
6
Name of
Institution: SENECA CBO III
______________________________
Per: /s/ XXXX XXXXXXXX
______________________________________
Authorized Signing Officer
Xxxx Xxxxxxxx
Seneca Capital Management
6
Name of
Institution: KZH CNC LLC
______________________________
Per: /s/ XXXXX XXX
______________________________________
Authorized Signing Officer
6
Name of
Institution: KZH Pondview LLC
______________________________
Per: /s/ XXXXX XXX
______________________________________
Authorized Signing Officer
6
Name of
Institution: KZH Shoshone LLC
______________________________
Per: /s/ XXXXX XXX
______________________________________
Authorized Signing Officer
6
Name of
Institution: KZH Waterside LLC
______________________________
Per: /s/ XXXXX XXX
______________________________________
Authorized Signing Officer
6
Name of
Institution: Winged Foot Funding Trust
______________________________
Per: /s/ XXX X. XXXXXX
______________________________________
Authorized Signing Officer
6
Name of
Institution: Bank of America Canada
------------------------------
Per: /s/ XXXX XXXXXXXX
--------------------------------------
Authorized Signing Officer
6
Name of
Institution: Bank of Tokyo-Mitsubishi (Canada)
---------------------------------
Per: /s/ XXXXXX XXXXXXX
-----------------------------------------
Authorized Signing Officer
6
Name of
Institution: Pinehurst Trading, Inc.
------------------------------
Per: /s/ XXX X. XXXXXX
--------------------------------------
Authorized Signing Officer
6
Name of
Institution: TD BANK
------------------------------
Per: /s/ XXXXX XXXXXXXXX
--------------------------------------
Authorized Signing Officer
6
Name of
Institution: CAISSE DE DEPOT ET PLACEMENT
DO QUEBEC
------------------------------
Per: /s/ XXXX-XXXXXX XXXXX
--------------------------------------
Authorized Signing Officer
6
