EXHIBIT 10.1
FIFTH AMENDMENT TO CREDIT AGREEMENT
THIS FIFTH AMENDMENT TO CREDIT AGREEMENT, dated as of June 4, 2002
(this "Amendment"), is among Venture Holdings Company LLC, a Michigan limited
liability company, as successor Borrower to Venture Holdings Trust under the
Credit Agreement (the "Borrower"), the lenders set forth on the signature pages
hereof (collectively, the "Lenders"), and Bank One, NA, formerly known as The
First National Bank of Chicago, as administrative agent for the Lenders (in such
capacity, the "Administrative Agent").
RECITAL
The Borrower, the Administrative Agent and the Lenders are parties to a
Credit Agreement dated as of May 27, 1999, as amended by a First Amendment to
Credit Agreement dated June 4, 1999, by a Second Amendment to Credit Agreement
dated June 29, 2000, by a Third Amendment to Credit Agreement dated March 29,
2002 and by a Fourth Amendment to Credit Agreement dated May 20, 2002 (the
"Credit Agreement"). The Borrower and the Guarantors desire to amend the Credit
Agreement and the Administrative Agent and the Lenders are willing to do so
strictly in accordance with the terms hereof.
TERMS
In consideration of the premises and of the mutual agreements herein
contained, the parties agree as follows:
ARTICLE 1.
AMENDMENTS
The Credit Agreement is amended as follows:
1.1 The following new definitions are added to Section 1.1 in
appropriate alphabetical order:
"Fifth Amendment" means the Fifth Amendment to Credit
Agreement dated as of June 4, 2002 among the Borrower, the Guarantors, the
Lenders and the Administrative Agent.
"Fifth Amendment Effective Date" means the date of the Fifth
Amendment.
"German Preliminary Proceeding" means the petition filed in
Germany requesting that Venture Germany GmbH, Venture Verwaltungs GmbH, and
Peguform GmbH & Co. KG be placed in preliminary insolvency proceedings by
certain managing directors of certain companies, and the related Court Order
that "Attorney at Law Xx. Xxxxx Xxxxxxxxxx, BlumenstraBe 17, 69115
Heidelberg, is appointed as preliminary receiver in insolvency" and stating that
"The preliminary receiver in insolvency is at the same time commissioned to
examine in his capacity as an expert whether there is good reason to open
insolvency proceedings in line with the legal standing of the debtor and which
would be the prospects in order to continue the operation of the debtor's
business. He/she must also examine whether the assets of the debtor will cover
the costs of the proceedings.[as translated]."
1.2 The following is added to the end of Section 2.1:
The aggregate outstanding principal balance of the Revolving
Credit Loans, Swing Loans and Facility Letters of Credit as of the Fifth
Amendment Effective Date is $163,462,696.00 (the "Existing Revolving Advances"),
all of which constitute Secured Obligations, and prior to the Fifth Amendment
Effective Date, as a result of the German Preliminary Proceeding, the Lenders
had no obligation to make any further Revolving Credit Loans, Swing Loans or
Facility Letters of Credit. Notwithstanding anything herein or in any other Loan
Document to the contrary, (a) on and after any Default (except Existing
Potential Defaults) the amount by which the Revolving Credit Loans, Swing Loans
and Facility Letters of Credit exceed the amount of the Existing Revolving
Advances (any such excess amount defined as the "New Revolving Advances") and
any interest on the New Revolving Advances shall be paid (whether such payments
are made by the Borrower, by any Guarantor, from the proceeds of any Collateral
or otherwise) before any payment is made or applied to the principal or interest
on any other Loan or Facility Letter of Credit, and (b) no New Revolving
Advances shall be made until a new Borrowing Base is determined and approved
(such approval not to be unreasonably delayed) by the consultants for the
Lenders and by the Required Revolving Credit Lenders and a new Borrowing Base
Certificate is delivered to the Revolving Credit Lenders, provided that it is
acknowledged that the amount of any assets in the Borrowing Base on account of
any assets owned by any Foreign Subsidiary shall be set at the amount determined
in the most recent Borrowing Base Certificate delivered prior to the Fifth
Amendment Effective Date.
1.3 Section 6.14 is amended by adding the following to the end thereof:
"Notwithstanding anything in this Section 6.14 or elsewhere in this Agreement to
the contrary, neither the Borrower nor any Guarantor shall make any Investment
(including without limitation, loans and advances to, and other Investments) in
(i) any Foreign Subsidiary subject to the German Preliminary Proceeding at any
time on or after May 28, 2002 or (ii) any other Foreign Subsidiary at any time
on or after May 28, 2002, other than loans in an aggregate outstanding amount
not to exceed $3,000,000 to such other Foreign Subsidiaries which are the
operating companies located in Canada, the United Kingdom or the Czech Republic,
and provided that such loans are required to continue the normal operations of
such other Foreign Subsidiaries and are pledged to the Agent and the Lenders in
a manner satisfactory to the Agent."
1.4 The following new Sections 6.30 and 6.31 are added:
6.30 Consultants. (a) The Borrower agrees that it will make, and will
cause each Subsidiary to make, all of its records available to the
Administrative Agent and the Lenders and any financial or other consultant
retained by them and will make all of its personnel available to the
Administrative Agent and the Lenders and such consultants for inquiry as to its
business, financial condition and prospects, and that they will otherwise fully
cooperate with the Administrative Agent, the Lenders and their consultants in
assisting the Lenders to conduct such analyses as they may wish to make of the
Borrower and its Subsidiaries and their financial condition and operations, in
each case in all reasonable respects. The Borrower further agrees that it will
pay, on a current basis as required by such consultants and professionals, all
the fees and expenses of any financial consultants or other consultants and
professionals retained by the Administrative Agent and the Lenders in connection
herewith.
(b) The Borrower has engaged Xxxxxx XxxXxxxxx & Xxxxxxxx ("CMD") as
business and financial consultants to the Borrower, but not their agent. The
Administrative Agent and the Lenders acknowledge that the retention of CMD by
the Borrower has materially contributed to the willingness of the Administrative
Agent and the Lenders to enter into this Amendment. The Borrower agrees to
promptly provide to the Administrative Agent and the Lenders all financial
reports, projections and other
2
information as may be provided to it by CMD or as may be provided to CMD by the
Borrower (other than information subject to the attorney-client privilege and
other information the Borrower considers confidential), and agrees to cause CMD
to prepare and deliver to the Administrative Agent and the Lenders such other
reports and information concerning the business and financial condition of the
Borrower and its Subsidiaries (other than information subject to the
attorney-client privilege and other information the Borrower considers
confidential), as the Administrative Agent or the Lenders shall from time to
time request. The Borrower acknowledges and agrees that the Administrative
Agent, the Lenders, their consultants and counsel shall have direct access to
CMD, and CMD is authorized to discuss information (other than information
subject to the attorney-client privilege and other information the Borrower
considers confidential) related to the Borrower with the Administrative Agent,
the Lenders or their consultants or counsel.
6.31 Additional Covenants. The Borrower (a) agrees to provide the
Lenders with a legal analysis of the implications of German Preliminary
Proceeding, including an analysis as to whether an event of default is caused
under any Indebtedness of the Borrower or any Guarantor as a result thereof, (b)
has determined, and hereby agrees, that it will not pay the interest on the 1999
Senior Unsecured Notes and the 1999 Subordinated Notes payable on June 3, 2002
until the expiration of the 30-day grace period applicable thereto, which shall
be on July 3, 2002, (c) will use its best efforts to obtain accelerated payments
from its customers during the period from the Fifth Amendment Effective Date
until June 28, 2002, (d) agrees to pay current all fees owing the Lenders and
the Agent or their advisors, and (e) with respect to any bank account maintained
on behalf of the Borrower or any Guarantor at any financial institution other
than the Administrative Agent or one of the Lenders, the Borrower or such
Guarantor, as the case may be, shall promptly close such accounts and maintain
its banking accounts with the Administrative Agent or one or more of the
Lenders, and the Borrower and the Guarantors shall execute, or cause to be
executed, such further agreements and documents requested by the Administrative
Agent to grant to the Administrative Agent and the Lenders a first priority
security interest in all such accounts and execute such blocked account
agreements as may be requested by the Administrative Agent.
ARTICLE 2.
REPRESENTATIONS
The Borrower and each Guarantor represents and warrants to, and agrees
with, the Administrative Agent and the Lenders that:
2.1 The execution, delivery and performance of this Amendment are
within their respective powers, have been duly authorized by the Borrower and
each Guarantor and are not in contravention of any Requirement of Law.
2.2 This Amendment is the legal, valid and binding obligations of the
Borrower and each Guarantor, enforceable against them in accordance with the
terms thereof.
2.3 After giving effect to the amendments and waivers herein contained,
the representations and warranties contained in the Credit Agreement and the
representations and warranties contained in the other Loan Documents are true on
and as of the date hereof with the same force and effect as if made on and as of
the date hereof (except to the extent the existence of the German Preliminary
Proceeding would impact the accuracy thereof), and no Default or Unmatured
Default exists or has occurred and is continuing on the date hereof.
3
ARTICLE 3.
CONDITIONS PRECEDENT.
This Amendment shall be effective as of the date hereof when this
Amendment shall be executed by each of the Borrower, the Guarantors, the
Required Lenders, the Required Revolving Credit Lenders and the Administrative
Agent.
Notwithstanding anything herein to the contrary, the Borrower shall not
be entitled obtain any New Revolving Advances and Section 4.1 shall be void
unless each of the following conditions is satisfied:
3.1 The Borrower and each Guarantor shall provide a certified
resolution with respect to this Amendment satisfactory to the Administrative
Agent.
3.2 The written opinion of the Borrower's and Guarantors' counsel in
form and substance acceptable to the Administrative Agent.
3.3 A written agreement (the "GM Agreement") by General Motors
Corporation under which it agrees, subject to this Amendment becoming effective
and the Administrative Agent providing an acknowledgement of General Motors
Corporation's ownership of tooling to the extent such tooling is fully paid by
General Motors Corporation (and the Administrative Agent will not unreasonably
withhold such acknowledgement subject to its satisfactory review thereof and the
satisfaction of all other conditions in this Amendment), to (a) expedite tooling
payments on approximately $27,600,000 in tooling, (b) retain the existing
General Electric payment program on production receivables (with the approximate
15-day terms) and (c) keep the Borrower and its Subsidiaries off any new
business hold.
3.4 As a condition to the first New Revolving Advances, General Motors
Corporation shall have made an expedited tooling payment to the Borrower under
the GM Agreement in an amount not less than $15,800,000. Subsequent New
Revolving Advances shall require as a condition precedent that the following
minimum benchmark expedited tooling payments are received by the Borrower under
the GM Agreement by the times indicated: (i) $700,000 by June 10, 2002, (ii)
$1,500,000 by June 14, 2002 and (iii) $9,600,000 by June 28, 2002,
3.5 Xxxxx Xxxxxx shall deliver, or cause to be delivered, each in form
and substance acceptable to the Required Lenders: (a) an agreement by Xxxxx
Xxxxxx and any appropriate affiliate companies to defer payment of certain sales
commissions, usage fees and rental fees for 30 days (which payments shall total
approximately $3,100,000) acceptable to the Required Lenders, and to subordinate
the repayment thereof to the Secured Obligations, (b) an agreement to allow
reasonable access to the financial statements and records of Xxxxx Xxxxxx and
each business entity or asset owned directly or indirectly by him to the extent
they have business relationships and transactions with the Borrower and its
Subsidiaries, and (c) a joint and several guarantee of Xxxxx Xxxxxx, Venture
Heavy Machinery Limited Liability Company, a Michigan limited liability company
("Venture Machinery"), Venture Equipment Acquisition Company, a Michigan
corporation ("Equipment Acquisition"), Venture Real Estate Acquisition Company,
a Michigan corporation ("Real Estate Acquisition") and Realven Corporation, a
Michigan corporation ("Realven") (Venture Machinery, Real Estate Acquisition,
Equipment Acquisition and Realven collectively referred to as the "Affiliate
Companies") guaranteeing all Secured Obligations but limited in amount to 100%
of the New Revolving Advances outstanding as of the earlier of the date of the
occurrence of any Default (after giving effect to Section 4.1) or June 28, 2002,
together with collateral documents granting a second priority lien and security
interest in all assets of the Affiliate Companies, second only to the liens and
security interests under an existing line of credit not to exceed $15,000,000 in
aggregate amount, and all resolutions, certificates and opinions requested by
the Administrative Agent
4
in connection therewith and appraisals and financial statements of the Affiliate
Companies satisfactory to the Administrative Agent.
ARTICLE 4.
POTENTIAL EVENTS OF DEFAULT AND TEMPORARY WAIVER.
4.1 The Borrower has requested that the Lenders and the Administrative
Agent temporarily waive any Default (the "Existing Potential Defaults"), if any,
caused solely by the filing or existence of the German Preliminary Proceeding,
by the incurrence of any Indebtedness by the Foreign Subsidiaries subject to the
German Preliminary Proceeding and incurred during the German Preliminary
Proceeding or by the failure to pay interest on the 1999 Senior Unsecured Notes
and the 1999 Subordinated Notes payable on June 3, 2002 prior to the expiration
of the 30-day grace period applicable thereto, subject to the terms and
conditions set forth herein. Pursuant to such request, the Lenders and the
Administrative Agent hereby temporarily waive any Existing Potential Default for
the period prior to the effectiveness of this Amendment and, so long as no other
Default exists and there is no occurrence of a new Default (for purposes hereof,
a new Default includes any Default other an Existing Potential Default and,
without limiting the foregoing, the occurrence of any default under any Material
Indebtedness, the acceleration of any Material Indebtedness or the conversion of
the German Preliminary Proceeding to a formal insolvency proceeding shall be
deemed a new Default), until June 28, 2002, but not at any time on or after June
28, 2002. The Borrower acknowledges and agrees that the waiver contained herein
is a limited, specific and one-time waiver as described above. Such limited
waiver (a) shall not modify or waive any other term, covenant or agreement
contained in any of the Loan Documents, and (b) shall not be deemed to have
prejudiced any present or future right or rights which the Administrative Agent
or the Lenders now have or may have under this Amendment, the Credit Agreement
(as modified hereby) or the other Loan Documents.
ARTICLE 5.
MISCELLANEOUS.
5.1 The Borrower shall pay to the Administrative Agent, for the pro
rata benefit of each Lender based on such Lender's Commitments, an availability
fee of $250,000 on the date hereof and an additional availability fee of
$250,000 on June 15, 2002 on such Lender's Commitments, which fees shall be
distributed to the Lenders within two Business after each such date.
5.2 References in the Credit Agreement or in any other Loan Document to
the Credit Agreement shall be deemed to be references to the Credit Agreement as
amended hereby and as further amended from time to time.
5.3 Except as expressly amended hereby, the Borrower and the Guarantors
agree that the Loan Documents are ratified and confirmed and shall remain in
full force and effect and that they have no set off, counterclaim, defense or
other claim or dispute with respect to any of the foregoing. The terms used but
not defined herein shall have the respective meanings ascribed thereto in the
Credit Agreement.
5.4 This Amendment may be signed upon any number of counterparts with
the same effect as if the signatures thereto and hereto were upon the same
instrument.
5
IN WITNESS WHEREOF, the parties signing this Amendment have caused this
Amendment to be executed and delivered as of the day and year first above
written.
BORROWER:
VENTURE HOLDINGS COMPANY LLC
By: /s/ Xxxxx X. Xxxxxx
---------------------------------------------
Name: Xxxxx X. Xxxxxx
-------------------------------------------
Title: Executive Vice President
------------------------------------------
GUARANTORS:
VEMCO, INC.
VEMCO LEASING, INC.
VENTURE INDUSTRIES CORPORATION
VENTURE HOLDINGS CORPORATION
VENTURE LEASING COMPANY
VENTURE MOLD & ENGINEERING
CORPORATION
VENTURE SERVICE COMPANY
VENTURE EUROPE, INC.
VENTURE EU CORPORATION
EXPERIENCE MANAGEMENT LLC
By: /s/ Xxxxx X. Xxxxxx
---------------------------------------------
Name: Xxxxx X. Xxxxxx
-------------------------------------------
Title: Executive Vice President
------------------------------------------
6
LENDERS:
BANK ONE, NA, as Administrative
Agent and a Lender
By: /s/ Xxxxxxx Xxxxxxx
---------------------------------------------
Name: Xxxxxxx Xxxxxxx
-------------------------------------------
Title: First Vice President
------------------------------------------
THE BANK OF NOVA SCOTIA, as Syndication
Agent and as a Lender
By: /s/ X.X. Xxxxx
---------------------------------------------
Name: X. X. Xxxxx
-------------------------------------------
Title: Agent Operations
------------------------------------------
STANDARD FEDERAL BANK
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
MIZUHO CORPORATE BANK, LTD. f/k/a FUJI BANK,
LTD.
By: /s/ Nobuoki Koiko
---------------------------------------------
Name: Nobuoki Koiko
-------------------------------------------
Title: Senior Vice President
------------------------------------------
BANK AUSTRIA (ZLANDERBANK)
CORPORATE FINANCE, INC.
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
7
XXXXXX TRUST AND SAVINGS
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------------------
Name: Xxxxx X. Xxxxxxxx
-------------------------------------------
Title: Vice President
------------------------------------------
BANK OF SCOTLAND
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
COMERICA BANK (DETROIT)
By: /s/ Xxxxx Xxxxxxxxxx
---------------------------------------------
Name: Xxxxx Xxxxxxxxxx
-------------------------------------------
Title: Account Officer
------------------------------------------
THE BANK OF NEW YORK
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------------------
Name: Xxxxxx X. Xxxxxx
-------------------------------------------
Title: Vice President
------------------------------------------
PROVIDENT BANK
By: /s/ Xxxxxx X. Xxx
---------------------------------------------
Name: Xxxxxx X. Xxx
-------------------------------------------
Title: Vice President
------------------------------------------
FIRSTAR BANK, N.A.
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------------------
Name: Xxxxx X. Xxxxxxxx
-------------------------------------------
Title: Executive Vice President
------------------------------------------
8
NATIONAL BANK OF CANADA
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
FIRSTRUST BANK
By: /s/
---------------------------------------------
Name:
-------------------------------------------
Title: Vice President
------------------------------------------
OCTAGON INVESTMENT PARTNERS II,
LLC
By: OCTAGON CREDIT INVESTORS, LLC
As Sub-Investment Manager
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
OCTAGON INVESTMENT PARTNERS III,
LTD.
By: OCTAGON CREDIT INVESTORS, LLC
As Portfolio Manager
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
MASS MUTUAL LIFE INSURANCE
By: /s/ Xxxxxx X. Xxxx
---------------------------------------------
Name: Xxxxxx X. Xxxx
-------------------------------------------
Title: Second Vice President and Associate
------------------------------------------
General Counsel
------------------------------------------
9
SIMSBURY CLO LTD
By: Massachusetts Mutual Life Insurance
Company as Collateral Manager
By: /s/ Xxxxxx X. Xxxx
---------------------------------------------
Name: Xxxxxx X. Xxxx
-------------------------------------------
Title: Second Vice President and Associate
------------------------------------------
General Counsel
------------------------------------------
PERSEUS CDO I LTD
By: Massachusetts Mutual Life Insurance Co., as
Collateral Manager
By: /s/ Xxxxxx X. Xxxx
---------------------------------------------
Name: Xxxxxx X. Xxxx
-------------------------------------------
Title: Second Vice President and Associate
------------------------------------------
General Counsel
------------------------------------------
ARCHIMEDES FUNDING II, LTD.
By: ING Capital Advisors LLC,
as Collateral Manager
By: /s/ Xxxx X. Xxxxxx
---------------------------------------------
Name: Xxxx X. Xxxxxx CFA
-------------------------------------------
Title: Vice President
------------------------------------------
BLACK DIAMOND CLO 2000 I LTD
By:
---------------------------------------------
Name:
-------------------------------------------
Title:
------------------------------------------
PAMCO CAYMAN LTD.
By: Highland Capital Management, L.P.
As Collateral Manager
By: /s/ Xxxxx Xxxxx
---------------------------------------------
Name: Xxxxx Xxxxx
-------------------------------------------
Title: Executive Vice President CFO
------------------------------------------
Highland Capital Management, L.P.
------------------------------------------
10
XXX CAPITAL FUNDING, L.P.
By: Highland Capital Management, L.P.
As Collateral Manager
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Executive Vice President - CFO
----------------------------------------
Highland Capital Management, L.P.
----------------------------------------
HIGHLAND LEGACY LIMITED
By: Highland Capital Management, L.P.
As Collateral Manager
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Executive Vice President - CFO
----------------------------------------
Highland Capital Management, L.P.
----------------------------------------
ML CBO IV (Cayman) Ltd.
By: Highland Capital Management, L.P.
As Collateral Manager
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Executive Vice President - CFO
----------------------------------------
Highland Capital Management, L.P.
----------------------------------------
ELF Funding Trust I
By: Highland Capital Management, L.P.
As Collateral Manager
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Executive Vice President - CFO
----------------------------------------
Highland Capital Management, L.P.
----------------------------------------
CYPRESS TREE INVESTMENT
MANAGEMENT COMPANY, INC.
As: Attorney-in-Fact and on behalf of First
Allmerica
Financial Life Insurance Company as Portfolio
Manager
By: /s/ Xxxxxxx Xxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxx
-----------------------------------------
Title: Principal
----------------------------------------
11
CYPRESS TREE INVESTMENT PARTNERS I, LTD.
By: Cypress Tress Investment Management Company,
Inc. as Portfolio Manager
By: /s/ Xxxxxxx Xxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxx
-----------------------------------------
Title: Principal
----------------------------------------
XXXXX XXX FLOATING RATE LIMITED
LIABILITY COMPANY
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxx
-----------------------------------------
Title: Senior V.P., Xxxxx Xxx Xxxxxxx Inc.,
as advisor
----------------------------------------
XXXXX XXX & FARNHAM CLO I LTD.,
By: Xxxxx Xxx & Xxxxxxx Incorporated,
As Portfolio Manager
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxx
-----------------------------------------
Title: Sr. Vice President & Portfolio Manager
----------------------------------------
KZH CRESCENT 2 LLC
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
MOUNTAIN CAPITAL CLO I, LTD.
By: /s/ Xxxxxx X. Xxxxx
-------------------------------------------
Name: Xxxxxx X. Xxxxx
-----------------------------------------
Title: Director
----------------------------------------
ORIX FINANCIAL SERVICES, INC
By: /s/ Xxxxxxx X. Xxxxxxxxx
-------------------------------------------
Name: Xxxxxxx X. Xxxxxxxxx
-----------------------------------------
Title: V.P.
----------------------------------------
12
ELC (CAYMAN) LTD. 1999 - II
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Director
----------------------------------------
UNION BANK OF CALIFORNIA NA
By: /s/ Xxxxx X. Xxxxxxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
PILGRIM AMERICA HIGH INCOME INVESTMENTS, LTD.
By: Pilgrim Investments, Inc.
as its investment manager
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
SENIOR DEBT PORTFOLIO
By: Boston Management and Research
as investment Advisor
By: /s/ Xxxxxxx Xxxxxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
SRF TRADING, INC.
By: /s/ Xxxxx X. Xxxxxxx*
-------------------------------------------
Name: Xxxxx X. Xxxxxxx
-----------------------------------------
Title: Asst. Vice President
----------------------------------------
NATEXIS BANQUES POPULAIRES
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------------------
Name: Xxxxxxx X. Xxxxx
-----------------------------------------
Title: V.P.
----------------------------------------
By: /s/ Xxxxx X. Xxxxxx, Xx.
-------------------------------------------
Name: Xxxxx X. Xxxxxx, Xx.
-----------------------------------------
Title: V.P. & Group Manager
----------------------------------------
* Solely in its capacity as a Term Loan B Lender, as more fully set forth in
the accompanying cover letter.
13
ARES III CLO LTD.
By: ARES CLO Management LLC,
Investment Manager
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
ARES IV CLO LTD.
By: ARES CLO Management IV, L.P.,
Investment Manager
By: ARES CLO XX XX, LLC,
Its Managing Member
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
ARES V CLO LTD.
By: ARES CLO Management V, L.P.,
Investment Manager
By: ARES CLO GP V, LLC,
Its Managing Member
By: /s/ Xxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
ENDEAVOR
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
PB CAPITAL CORPORATION, as a Lender
By: /s/ Xxxxxxx Xxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxx
-----------------------------------------
Title: Managing Director/Portfolio Management
----------------------------------------
By: /s/ Xxxxxx Xxxxxxx
-------------------------------------------
Name: Xxxxxx Xxxxxxx
-----------------------------------------
Title: Assistant Vice President/
----------------------------------------
Portfolio Management
----------------------------------------
APEX (IDM) CDO I
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Director
----------------------------------------
14
CYPRESSTREE INVESTMENT PARTNERS II, LTD.
By: Cypress Tree Investment Management Company,
Inc. as Portfolio Manager
By: /s/ Xxxxxxx Xxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxx
-----------------------------------------
Title: Principal
----------------------------------------
ELC CAYMAN CDO SERIES 1999-1
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Director
----------------------------------------
ELC CAYMAN LTD. 2000-1
By: /s/ Xxxxx Xxxxx
-------------------------------------------
Name: Xxxxx Xxxxx
-----------------------------------------
Title: Director
----------------------------------------
XXXXXXX & CO
By: /s/ Xxxxxxx Xxxxxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxxxxx
-----------------------------------------
Title: Vice President
----------------------------------------
XXXXXXX CLO 2001-01 LTD.
By: Bear Xxxxxxx Asset Management Inc. as its
Collateral Manager
By: /s/ Xxxxx X. Xxxxxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Title: Associate Director
----------------------------------------
XX XXXXXXX MARKET VALUE FUND
By: /s/ Xxxx X. Xxxxxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxxxxx
-----------------------------------------
Title: Authorized Signatory
----------------------------------------
KATONAH I, LTD.
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
KATONAH II, LTD.
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
15
KZH PAMCO
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
LIBERTY SR. ADVISORY FLOATING RATE ADVANTAGE
FUND
By: Xxxxx Xxx & Xxxxxxx Incorporated as advisor
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------------
Name: Xxxxx X. Xxxxxxx
-----------------------------------------
Title: Sr. Vice President & Portfolio Manager
----------------------------------------
NEMEAN CLO
By: ING Capital Advisors LLC as Investment
Manager
By: /s/ Xxxx X. Xxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxx CFA
-----------------------------------------
Title: Vice President
----------------------------------------
SRF 2000 LLC
By: /s/ Xxxxx X. Xxxxxxx*
-------------------------------------------
Name: Xxxxx X. Xxxxxxx
-----------------------------------------
Title: Asst. V.P.
----------------------------------------
SRV HIGHLAND
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
UPPER COLUMBIA CAPITAL CO.
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
WHITNEY PRIVATE DEBT FUND
By: /s/ Xxxx X. Xxxxxxxxx
-------------------------------------------
Name: Xxxx X. Xxxxxxxxx
-----------------------------------------
Title: Authorized Signatory
----------------------------------------
SATELLITE SR. INCOME FUND II
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
* Solely in its capacity as a Term Loan B Lender, as more fully set forth in
the accompanying cover letter.
16
CITADEL HILL 2000 LTD.
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
CLYDESDALE CLO 2000-I, LTD
By: Nomura Corporate Research and
Asset Management Inc. as Collateral Manager
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
MASTER SENIOR FLOATING RATE TRUST
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
XXXXXXX XXXXX GLOBAL INVESTMENT
SERIES:
BANK LOAN INCOME PORTFOLIO
By: Xxxxxxx Xxxxx Investment Managers, L.P.,
as Investment Advisors
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
XXXXXXX XXXXX PRIME RATE PORTFOLIO
By: Xxxxxxx Xxxxx Investment Managers, L.P.,
as Investment Advisor
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
XXXXXXX XXXXX SENIOR FLOATING RATE
FUND,INC.
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
17
NOMURA BOND & LOAN FUND
By: UFJ Trust Company of New York, as Trustee
By: Nomura Corporate Research and
Asset Management Inc. Attorney in Fact
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
ORIX FINANCE CORP I
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
SEABOARD CLO 2000 LTD
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
PRESIDENT & FELLOWS OF HARVARD
COLLEGE
By: Regiment Capital Management, LLC
as its Investment Advisor
By: Regiment capital Advisors, LLC
Its Manager and pursuant to delegated authority
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
REGIMENT CAPITAL, LTD
By: Regiment Capital Management, LLC
as its Investment Advisor
By: Regiment Capital Advisors, LLC
Its Manager and pursuant to delegated authority
By:
-------------------------------------------
Name:
-----------------------------------------
Title:
----------------------------------------
Date:
-----------------------------------------
18
