AMENDMENT NO. 1 TO THE TERM FACILITY CREDIT AND GUARANTY AGREEMENT
Exhibit 10.74
Execution Version
AMENDMENT NO. 1 TO THE TERM FACILITY CREDIT AND GUARANTY AGREEMENT
Dated as of November 21, 2008
AMENDMENT NO. 1 (this “Amendment”) TO THE TERM FACILITY CREDIT AND GUARANTY AGREEMENT
among Xxxx Holding Corporation, a Delaware corporation (the “Borrower”), the guarantors
listed on the signature pages hereto (the “Guarantors”) and Citicorp USA Inc.
(“CUSA”), as administrative agent (the “Administrative Agent”) for the Lenders
(defined below).
PRELIMINARY STATEMENTS:
(1) The Borrower, the Guarantors, the financial institutions and other institutional lenders
party thereto from time to time (the “Lenders”), the Administrative Agent and the other
agents party thereto have entered into a Term Facility Credit and Guaranty Agreement dated as of
January 31, 2008 (as further amended, supplemented or otherwise modified through the date hereof,
the “Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have
the same meanings as specified in the Credit Agreement.
(2) The Borrower has requested that the Lenders and the Administrative Agent agree to amend
certain provisions of the Credit Agreement as described herein.
(3) The Borrowers, the Lenders and the Administrative Agent have agreed to amend the Credit
Agreement as hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as
follows:
SECTION 1. Amendments to Credit Agreement.
(a) Section 1.01 of the Credit Agreement is hereby amended by inserting the following new
terms in the correct alphabetical order:
“ “Amendment No. 1” means Amendment No. 1 to this Agreement dated as of
November 21, 2008 by and among the Borrower, the Guarantors, the Administrative Agent and
the Required Lenders party thereto.
“Amendment No. 1 Effective Date” has the meaning specified in Amendment No. 1.
“Amendment No. 1 Prepayment” has the meaning specified in Section 2.06(b)(vi).
[Amendment No. 1]
“Amendment No. 1 Specified Asset Sales” means each of the asset sale
transactions described on Schedule 1 to Amendment No. 1.
“Excess Foreign Subsidiary Debt” has the meaning specified in Section
5.02(b)(vii).
“Payment Condition” means immediately after giving effect to any Restricted
Payment, the Total Leverage Ratio, as of the most recently completed fiscal quarter, is
less than or equal to 3.25:1.00.”
(b) The definition of “Asset Sale” contained in Section 1.01 of the Credit Agreement is hereby
amended by inserting therein, immediately after the phrase “clause (ix) of Section 5.02(g)”
contained therein, the phrase “and clause (x) of Section 5.02(g)”.
(c) The definition of “Applicable Margin” contained in Section 1.01 of the Credit Agreement is
hereby amended and restated in its entirety, for the period commencing with the Amendment No. 1
Effective Date, to read as follows:
“ “Applicable Margin” means 4.25% per annum, in the case of Eurodollar Rate
Advances, and 3.25% per annum, in the case of Base Rate Advances.”
(d) The definition of “EBITDA” contained in Section 1.01 of the Credit Agreement is hereby
amended and restated in its entirety for the period commencing with the Amendment No. 1 Effective
Date, to read as follows:
“ “EBITDA” means, for any period, without duplication (a) the sum, determined on a
Consolidated basis, of (i) net income (or net loss), (ii) interest expense and facility
fees, unused commitment fees, letter of credit fees and similar fees, (iii) income tax
expense, (iv) depreciation expense, (v) amortization expense, (vi) non recurring,
transactional or unusual losses deducted in calculating net income less non recurring,
transactional or unusual gains added in calculating net income, (vii) in each case without
duplication, cash Restructuring Charges to the extent deducted in computing net income for
such period and settled or to be settled in cash during such period in an aggregate amount
not to exceed (A) $100,000,000 in each of Fiscal Year 2008, Fiscal Year 2009 and Fiscal
Year 2010 and (B) $50,000,000 in the aggregate in any other Fiscal Year; provided, that
with respect to the period commencing after Fiscal Year 2010, the aggregate amount does not
exceed $100,000,000, in each case of the Borrower and its Subsidiaries, determined in
accordance with GAAP for such period, (viii) non-cash Restructuring Charges and related
non-cash losses or other non-cash charges resulting from the writedown in the valuation of
any assets, in each case of the Borrower and its Subsidiaries, determined in accordance
with GAAP for such period, (ix) non-cash expenses associated with the issuance of equity or
rights to equity, or alternatively, non-cash grants of equity or rights to equity, (x)
amounts associated with stock options or restricted stock expense, (xi) minority interest
expense, (xii) losses or expenses associated with the Agreement Value of Hedge Agreements,
(xiii) post-emergence costs associated with the continued cost of the Reorganization Plan
in an aggregate amount not to exceed $20,000,000 in Fiscal Year 2008 and not to exceed
$5,000,000 in any other
[Amendment No. 1]
2
Fiscal Year, (xiv) non-cash currency losses on intercompany loans or advances, and (xv)
losses of affiliates accounted for on an equity basis; minus (b) (i) earnings of affiliates
accounted for on an equity basis, (ii) interest income, (iii) any income or gain associated
with the Agreement Value of Hedge Agreements, and (iv) non-cash currency income or gains on
intercompany loans or advances. ”
(e) The definitions of “Reinvestment Event”, “Reinvestment Limitation Amount” and
“Reinvestment Notice” contained in Section 1.01 of the Credit Agreement are each hereby amended and
restated in their entirety for the period commencing with the Amendment No. 1 Effective Date, to
read as follows:
“ “Reinvestment Event” shall mean any Asset Sale permitted under Section
5.02(g)(ix) or Recovery Event in respect of which the Borrower has delivered a Reinvestment
Notice.”
“ “Reinvestment Limitation Amount” shall mean (i) with respect to a Recovery
Event, $50,000,000, or (ii) with respect to an Asset Sale permitted under Section
5.02(g)(ix), (a) the Net Cash Proceeds received from any such Asset Sale with respect to
any asset in which the fair value of the assets being sold are less than or equal to
$5,000,000 or (b) any Net Cash Proceeds in respect of the sale of the Borrower’s
headquarters located in Toledo, Ohio.”
“ “Reinvestment Notice” shall mean a written notice executed by a Responsible
Officer of the Borrower stating that no Default has occurred and is continuing or would
result therefrom and that the Borrower (directly or indirectly through a Subsidiary)
intends and expects to use all or a specified portion of the Net Cash Proceeds of a
Reinvestment Event to acquire or repair assets (in the case of any Asset Sale pursuant to
Section 5.02(g)(ix)) or long-term assets (in the case of any Recovery Event), in each case
useful in its business, up to an amount not to exceed the Reinvestment Limitation Amount
for any Fiscal Year; provided that no Reinvestment Notice shall be permitted to be
delivered in respect of any Net Cash Proceeds constituting a Revolving Facility Prepayment
Amount required to be applied to the prepayment of advances under the Revolving Credit
Facility pursuant to the Revolving Facility Loan Documents.”
(f) Section 2.06(b)(i) of the Credit Agreement is hereby amended and restated in its entirety
to read as follows:
(g) “(i) If at any time any Loan Party or any of its Subsidiaries shall receive Net Cash
Proceeds from any (A) Asset Sale or (B) Recovery Event, unless and to the extent that a
Reinvestment Notice, as applicable, shall be delivered in respect thereof, the Borrower shall,
within five Business Days after the date of receipt of such Net Cash Proceeds by such Loan Party or
any of its Subsidiaries, prepay the Term Advances in an amount equal to (x) 100% of such Net Cash
Proceeds less (y) solely in the case of any Net Cash Proceeds in respect of Revolving
Facility Collateral, any Revolving Facility Prepayment Amount required to be applied to the
prepayment of advances under the Revolving Credit Facility pursuant to the Revolving Facility Loan
Documents in connection with such Asset Sale or Recovery Event; provided that the aggregate
amount reinvested does not exceed the applicable Reinvestment
[Amendment No. 1]
3
Limitation Amount in respect of Asset Sales, as applicable or Recovery Events, as the case may
be; and provided, further, that, notwithstanding the foregoing, on each
Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to
the relevant Reinvestment Event shall be applied toward the prepayment of the Term Advances.”
(h) Section 2.06(b) of the Credit Agreement is hereby amended by inserting therein, after the
existing clause (vii) contained therein, a new clause (viii):
“(viii) All prepayments under this Section 2.06(b) shall be made together with accrued
interest to the date of such prepayment on the principal amount prepaid, and, if any such
prepayment is made on a day other than on the last day of the Interest Period applicable
thereto, such prepayment shall be accompanied by the payment of the amounts required by
Section 10.04(c) if the applicable Lender has provided the Borrower with adequate notice of
the amount of the same. Each prepayment of the outstanding Term Advances made under this
Section 2.06(b) shall be applied pro rata to the remaining principal repayment installments
thereof. Notwithstanding the forgoing, any prepayment of Advances pursuant to this Section
2.06(b), other than pursuant to Section 2.06(b)(iv) or Section 2.06(b)(vi), that is made on
or prior to the second anniversary of the Closing Date shall be accompanied by a premium
such that the aggregate amount of such prepayment shall equal the applicable Call Premium.”
(i) Section 2.06(b)(ii) of the Credit Agreement is hereby amended by deleting the
parenthetical contained in such Section 2.06(b)(ii) and substituting in lieu thereof the following
parenthetical:
“(other than any Debt permitted under Section 5.02(b), except with respect to any
Excess Foreign Subsidiary Debt)”
(j) Section 2.06(b)(vi) of the Credit Agreement is hereby amended and restated in its entirety
to read as follows:
“(vi) On the Amendment No. 1 Effective Date, the Borrower shall prepay the outstanding
Term Advances in an aggregate principal amount of $150,000,000 (the “Amendment No. 1
Prepayment”).”
(k) Section 5.01(g) of the Credit Agreement is hereby amended by deleting the “[Reserved]”
appearing therein and substituting in lieu thereof the following new clause (g):
“(g) Within 60 days of the Amendment No. 1 Effective Date (with extensions permitted
in the reasonable discretion of the Administrative Agent), deliver to the Administrative
Agent such amendments as the Administrative Agent may request with respect to any Blocked
Account Agreement (as defined in the Revolving Facility Credit Agreement) in effect on the
Amendment No. 1 Effective Date, as is necessary to satisfy the provisions of Section 2.17
of the Revolving Facility Credit Agreement.”
[Amendment No. 1]
4
(l) Section 5.02(b) of the Credit Agreement is hereby amended by deleting the existing clause
(vii) contained therein and substituting in lieu thereof the following new clause (vii):
“(vii) Debt of Foreign Subsidiaries owing to third parties; provided, that the Net
Cash Proceeds of any Debt incurred by a Foreign Subsidiary in excess of $400,000,000 in the
aggregate of all Debt incurred by Foreign Subsidiaries (any such excess Debt being,
“Excess Foreign Subsidiary Debt”) shall be applied as a prepayment of outstanding
Advances in accordance with Section 2.06(b)(ii).”
(m) Section 5.02(d)(i) of the Credit Agreement is hereby amended by inserting therein, at the
beginning of such Section 5.02(d)(i), the following:
“Subject to the satisfaction of the Payment Condition and”
(n) Section 5.02(g) of the Credit Agreement is hereby amended by (i) deleting the “and”
appearing immediately before clause (ix) contained therein, (ii) deleting the period appearing at
the end of such Section 5.02(g) and substituting in lieu thereof a semi-colon and (iii) inserting
at the end thereof the following new clause (x):
“and (x) for the period commencing with the Amendment No. 1 Effective Date, the
Amendment No. 1 Specified Asset Sales; provided, that in each case, (A) such Amendment No.
1 Specified Asset Sale shall be for fair market value as determined by the Borrower in good
faith, (B) such Loan Party shall receive not less than 75% of the consideration in cash and
(C) no Default or Event of Default exists immediately before or after giving effect to such
Amendment No. 1 Specified Asset Sale.”
(o) Section 5.04 (a) is hereby amended and restated in its entirety, for the period commencing
with the Amendment No. 1 Effective Date, to read as follows:
“Total Leverage Ratio. The Borrower shall not permit the Total Leverage Ratio
on the last day of any Fiscal Quarter during any period set forth below to be greater than
the ratio set forth opposite such period below:
| Test Period Ending | Total Leverage Ratio | |
| December 31, 2008 | 4.25:1.00 | |
| March 31, 2009 | 5.50:1.00 | |
| June 30, 2009 | 6.10:1.00 | |
| September 30, 2009 | 5.10:1.00 | |
| December 31, 2009 | 3.80:1.00 | |
| March 31, 2010 | 3.25:1.00 | |
| June 30, 2010 through December 31, 2010 | 3.10:1.00 |
[Amendment No. 1]
5
| Test Period Ending | Total Leverage Ratio | |
| March 31, 2011 | 3.00:1.00 | |
| June 30, 2011 | 2.80:1.00 | |
| September 30, 2011 and December 31, 2011 | 2.75:1.00 | |
| March 31, 2012 and June 30, 2012 | 2.60:1.00 | |
| September 30, 2012 and thereafter | 2.50:1.00 |
(p) Section 5.04(b) is hereby amended and restated in its entirety, for the period commencing
with the Amendment No. 1 Effective Date, to read as follows:
“Interest Coverage Ratio. The Borrower shall not permit the Interest Coverage
Ratio on the last day of any Fiscal Quarter during any period set forth below to be less
than the ratio set forth opposite such period below:
| Test Period Ending | Interest Coverage Ratio | |
| December 31, 2008 | 2.50:1.00 | |
| March 31, 2009 | 2.00:1.00 | |
| June 30, 2009 | 1.75:1.00 | |
| September 30, 2009 | 2.10:1.00 | |
| December 31, 2009 | 2.80:1.00 | |
| March 31, 2010 | 3.30:1.00 | |
| June 30, 2010 | 3.40:1.00 | |
| September 30, 2010 and December 31, 2010 | 3.50:1.00 | |
| March 31, 2011 | 3.60:1.00 | |
| June 30, 2011 | 3.90:1.00 | |
| September 30, 2011 and December 31, 2011 | 4.00:1.00 | |
| March 31, 2012 | 4.10:1.00 | |
| June 30, 2012 and September 30, 2012 | 4.20:1.00 | |
| December 31, 2012 | 4.30:1.00 | |
| March 31, 2013 and thereafter | 4.50:1.00 |
[Amendment No. 1]
6
SECTION 2. Conditions of Effectiveness. This Amendment shall become effective as of
the date first above written (the “Amendment No. 1 Effective Date”) when, and only when,
the following conditions have been satisfied:
(a) the Administrative Agent shall have received counterparts of this Amendment
executed by each Loan Party and the Required Lenders or, as to any of the Lenders, advice
satisfactory to the Agent that such Lender has executed this Amendment,
(b) the Administrative Agent shall have received a certificate signed by a duly
authorized officer of the Borrower stating that: (i) as of the Amendment No. 1 Effective
Date, the representations and warranties contained in Article IV of the Credit Agreement,
are correct in all material respects, only to the extent that such representation and
warranty is not otherwise qualified by materiality or Material Adverse Effect on and as of
such date, other than any such representations or warranties that, by their terms, refer to
a specific date other than the date hereof, in which case, as of such specific date; and
(ii) no event has occurred and is continuing that constitutes a Default,
(c) the Administrative Agent shall have received a favorable opinion of Xxxxx Day,
counsel to the Borrower, as to the enforceability of the Credit Agreement as amended (and
such other matters as the Administrative Agent may reasonably request in connection
herewith),
(d) all fees and expenses of the Administrative Agent (including all reasonable fees
and expenses of counsel to the Administrative Agent), shall have been paid,
(e) each Lender that executes a counterpart to this Amendment on or before the
Amendment No. 1 Effective Date at 5:00 p.m. eastern shall have been paid an amendment fee
in an amount equal to 1.50% in respect of such Lender’s Term Commitment (after giving
effect to the Amendment No. 1 Prepayment), which fee shall be due and payable on the
Amendment No. 1 Effective Date, and
(f) on or before the Amendment No. 1 Effective Date, the Borrower shall have made the
Amendment No. 1 Prepayment.
SECTION 3. Confirmation of Representations and Warranties. Each of the Loan Parties
hereby represents and warrants, on and as of the date hereof, that the representations and
warranties contained in the Credit Agreement are true and correct in all material respects, only to
the extent that such representation and warranty is not otherwise qualified by materiality or
Material Adverse Effect on and as of such date, before and after giving effect to this Amendment,
as though made on and as of the date hereof, other than any such representations or warranties
that, by their terms, refer to a specific date.
SECTION 4. Affirmation and Consent of Guarantors. Each Guarantor hereby consents to
the amendments to the Credit Agreement effected hereby, and hereby confirms,
[Amendment No. 1]
7
acknowledges and
agrees that, (a) notwithstanding the effectiveness of this Amendment, the obligations of such
Guarantor contained in Article VIII of the Credit Agreement, as amended hereby, or in any other
Loan Documents to which it is a party are, and shall remain, in full force and effect and are
hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this
Amendment, each reference in Article VIII of the Credit Agreement to “this Agreement”, “hereunder”,
“hereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended
by this Amendment, (b) the pledge and security interest in the Collateral granted by it pursuant to
the Collateral Documents to which it is a party shall continue in full force and effect and (c)
such pledge and security interest in the Collateral granted by it pursuant to such Collateral
Documents shall continue to secure the Obligations purported to be secured thereby, as amended or
otherwise affected hereby.
SECTION 5. Reference to and Effect on the Loan Documents. (a) On and after the
effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement and each reference
in the Notes and each of the other Loan Documents to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement shall mean and be a reference
to the Credit Agreement as amended by this Amendment.
(b) The Credit Agreement, the Notes and each of the other Loan Documents, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the
Administrative Agent under the Credit Agreement or any other Loan Document, nor constitute a
waiver of any provision of the Credit Agreement or any other Loan Document.
SECTION 6. Costs, Expenses. The Borrowers agree to pay on demand all costs and
expenses of the Administrative Agent in connection with the preparation, execution, delivery and
administration, modification and amendment of this Amendment and the other instruments and
documents to be delivered hereunder (including, without limitation, the reasonable fees and
expenses of counsel for the Administrative Agent) in accordance with the terms of Section 10.04 of
the Credit Agreement.
SECTION 7. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute but one
and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
by telecopier (or
other electronic transmission) shall be effective as delivery of a manually executed
counterpart of this Amendment.
SECTION 8. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.
[The remainder of this page intentionally left blank.]
[Amendment No. 1]
8
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written.
| XXXX HOLDING CORPORATION, as Borrower |
||||
| By: | /s/ Xxxxx X. Xxxx | |||
| Name: | Xxxxx X. Xxxx | |||
| Title: | Executive Vice President and Chief Financial Officer | |||
| XXXX LIMITED, as a Guarantor |
||||
| By: | /s/ Xxxxx X. Xxxx | |||
| Name: | Xxxxx X. Xxxx | |||
| Title: | Chief Financial Officer | |||
| XXXX AUTOMOTIVE SYSTEMS GROUP, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA DRIVESHAFT PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA DRIVESHAFT MANUFACTURING, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA LIGHT AXLE PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
[Amendment No. 1]
| DANA LIGHT AXLE MANUFACTURING, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA SEALING PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA SEALING MANUFACTURING, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA STRUCTURAL PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA STRUCTURAL MANUFACTURING, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA THERMAL PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
[Amendment No. 1]
| DANA HEAVY VEHICLE SYSTEMS GROUP, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA COMMERCIAL VEHICLE PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA COMMERCIAL VEHICLE MANUFACTURING, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| XXXXXX HEAVY AXLE & BRAKE, INC., as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DANA OFF HIGHWAY PRODUCTS, LLC, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| DTF TRUCKING, INC., as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
[Amendment No. 1]
| DANA WORLD TRADE CORPORATION, as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| XXXX AUTOMOTIVE AFTERMARKET, INC., as a Guarantor |
||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Name: | Xxxx X. Xxxxx | |||
| Title: | Secretary | |||
| XXXX GLOBAL PRODUCTS, INC., as a Guarantor |
||||
| By: | /s/ Xxxxxxx X. Xxxx | |||
| Name: | Xxxxxxx X. Xxxx | |||
| Title: | Vice President & Secretary | |||
[Amendment No. 1]
| AVENUE CLO FUND, LTD. | ||||||
| AVENUE CLO II, LTD. | ||||||
| AVENUE CLO III, LTD. | ||||||
| AVENUE CLO IV, LTD. | ||||||
| AVENUE CLO V, LTD. | ||||||
| AVENUE CLO VI, LTD., as a Lender | ||||||
| By: | /s/ Xxxxxxx X’Xxxxxxx | |||||
| Name: | ||||||
| Title: | SENIOR PORTFOLIO MANAGER |
| THE BANK OF NOVA SCOTIA, as a Lender |
||||
| By: | /s/ X.X. Xxxx | |||
| Name: | X.X. XXXX | |||
| Title: | Managing Director | |||
| Barclays Bank, PLC, as a Lender |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxx | |||
| Title: | ||||
| Citicorp USA, Inc. |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxx | |||
| Title: | Attorney-in-fact | |||
| [Lender], as a Lender LAKESHORE CBNA Loan Funding |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| Export Development Canada, as a Lender |
||||
| By: | /s/ Xxxxx Xxxxxx | |||
| Name: | XXXXX XXXXXX | |||
| Title: | ASSET MANAGER | |||
| /s/ Xxxxx Xxxxxxxxx | ||||
| XXXXX XXXXXXXXX | ||||
| LOAN PORTFOLIO MANAGER |
||||
| Xxxxxxxx Funding 2008-1 Ltd., as a Lender |
||||
| By: | /s/ Xxxxx X. Xxxxx | |||
| Name: | XXXXX X. XXXXX | |||
| Title: | CHIEF FINANCIAL OFFICER | |||
| NAVIGATOR CDO 2004, LTD, as a Lender | ||||||||
| By: | GE Asset Management Inc., as Collateral Manager | |||||||
| By: | /s/ Xxxx Xxxxxx | |||||||
| Name: | ||||||||
| Title: | Authorized Signatory | |||||||
| NAVIGATOR CDO 2005, LTD, as a Lender | ||||||||
| By: | GE Asset Management Inc., as Collateral Manager | |||||||
| By: | /s/ Xxxx Xxxxxx | |||||||
| Name: | ||||||||
| Title: | Authorized Signatory | |||||||
Xxxxxxx Xxxxx Investment Partners Master Fund, LP
By: GS Investment Strategies, LLC, as Investment Manager
, as a Lender
By: GS Investment Strategies, LLC, as Investment Manager
, as a Lender
| By: | /s/ Xxxxxx X. Xxxxxxxxxx | |||
| Name: | Xxxxxx X. Xxxxxxxxxx | |||
| Title: | Authorized Signatory | |||
| SPECIAL SITUATIONS INVESTING GROUP, INC | ||||
| [Lender], as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Name: | XXXXXX XXXXXXXXXX | |||
| Title: | AUTHORIZED SIGNATORY | |||
| XXXXXXX SACHS CREDIT PARTNERS L.P. |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Authorized Signatory | |||
| ING Capital LLC, as a Lender |
||||
| By: | /s/ Xxxxx XxXxxxxx | |||
| Name: | Xxxxx XxXxxxxx | |||
| Title: | Director | |||
| Xxxxxx Brothers Commercial Bank, as a Lender |
||||
| By: | /s/ Xxxxxx X. Xxxx | |||
| Name: | Xxxxxx X. Xxxx | |||
| Title: | Operations Officer | |||
| Xxxxxx Brothers Commercial Paper Inc., as a Lender |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxxx | |||
| Title: | Authorized Signatory | |||
| XXXXXXX XXXXX CAPITAL SERVICES, INC., as a Lender |
||||
| By: | /s/ Xxxxx Xxxxxx | |||
| Name: | XXXXX XXXXXX | |||
| Title: | VICE PRESIDENT | |||
| Xxxxxx Xxxxxxx Senior Funding, Inc., as a Lender |
||||
| By: | /s/ Xxxxx X. Xxxxx | |||
| Name: | Xxxxx X. Xxxxx | |||
| Title: | Vice President | |||
| Onex Debt Opportunity Fund, LTD | ||||||
| By: Onex Credit Partners, LLC its | ||||||
| investment manager | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxxx
|
|||||
| Title: Managing Director | ||||||
SCHEDULE 1
Amendment No. 1 Specified Asset Sales
The assets comprising the thermal, sealing and structural products lines of business.
[Amendment No. 1]
| CITICORP USA, INC., as Administrative Agent and a Lender |
||||
| By: | /s/ Shapleigh X. Xxxxx | |||
| Name: | SHAPLEIGH X. XXXXX | |||
| Title: | Managing Director | |||
| XXXXXX FLOATING RATE INCOME FUND |
||||
| /s/ Xxxx Xxxxx | ||||
| By: | Xxxx Xxxxx | |||
| Title: | V.P. | |||
| THE XXXXXX ADVISORY COMPANY, LLC ON BEHALF OF XX XXXXXX HIGH YIELD INCOME FUND |
||||
| /s/ X. Xxxxxxxx | ||||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | VP | |||
| Grand Central Asset Trust ICN Series, as a Lender |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Name: | Xxxxx Xxxxxxx | |||
| Title: | Attorney-In-Fact | |||
| UBS AG, Stamford Branch, as a Lender |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxxx | |||
| Title: | Director Banking Products Services, US |
|||
| By: | /s/ Xxxxxx Xxxxx | |||
| Name: | Xxxxxx Xxxxx | |||
| Title: | Associate Director Banking Product Services, US |
|||
| GSO Royal Holdings CB LLC, as a
Lender |
||||
| By: | /s/ Xxxxxxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxxxxxx X. Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| Battery Holdco (Onshore) LLC, as a Lender |
||||
| By: | /s/ Xxxxxxx Xxxxxx | |||
| Name: | Xxxxxxx Xxxxxx | |||
| Title: | Director | |||
| Battery Holdco (Offshore) LLC, as a
Lender |
||||
| By: | /s/ Xxxxxxx Xxxxxx | |||
| Name: | Xxxxxxx Xxxxxx | |||
| Title: | Director | |||
| Camulos Loan Vehicle I, LTD., as a Lender By: Camulos Capital LP As collateral manager |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxx | |||
| Title: | Authorized Signatory | |||
| Xxxxxx XXI Leveraged Loan CDO LLC,
as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment | ||||
| Management, Inc. as Collateral Manager | ||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Xxxxxx XVI — Leveraged Loan 2006,
as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Xxxxxx XVIII Leveraged Loan 2007 Ltd.,
as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Xxxxxx XI — Leveraged Loan CDO 2006,
as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| XXXXXX VII LEVERAGED LOAN
CDO 2004, as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Xxxxxx VIII — Leveraged Loan CD
2005, as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| XXXXXX V — LEVERAGED LOAN
CDO 2003, as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as Collateral Manager |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Xxxxxx IX — Senior Loan Fund 2005 p.l.c. as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc., as attorney-in-fact |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| Prudential Retirement Insurance And Annuity Company, as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Prudential Investment Management, Inc., as investment manager |
||||
| Name: | Xxxxxx Xxxxxxx | |||
| Title: | Principal | |||
| GULF STREAM-COMPASS CLO 2003-I LTD By: Gulf Stream Asset Management LLC As Collateral Manager GULF STREAM-COMPASS CLO 2005-II LTD By: Gulf Stream Asset Management LLC As Collateral Manager GULF STREAM-COMPASS CLO 2006-I LTD By: Gulf Stream Asset Management LLC As Collateral Manager NEPTUNE FINANCE CCS LTD By: Gulf Stream Asset Management LLC As Collateral Manager as a Lender |
||||
| By: | /s/ Xxxxx X. Love | |||
| Name: | Xxxxx X. Love | |||
| Title: | Chief Credit Officer | |||
| Xxxxxx’x Island CLO VI, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| Xxxxxx’x Island CLO V, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| Xxxxxx’x Island CLO VI, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| Xxxxxx’x Island CLO IV, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| Xxxxxx’x Island CLO III, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| Xxxxxx’x Island CLO II, Ltd. By: CypressTree Investment Management Company, Inc., As Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
| National City bank, as a Lender |
||||
| By: | /s/ Xxxxxxxxx X. Xxxxx | |||
| Name: | Xxxxxxxxx X. Xxxxx | |||
| Title: | Vice President | |||
| Dresdner Bank AG London Branch |
||||
| By: | /s/ Xxxxx Xx Xxxxxx XxXxxx | |||
| Name: | Xxxxx Xx | |||
| Title: | Director | |||
| Name: | Xxxxxx XxXxxx | |||
| Title: | Vice President | |||
| Institutional Bank Loan Fixed Income Fund of the Prudential Trust Company collective Employee Benefit Trust as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as investment advisor |
||||
| Name: | Xxxxxx Xxxxxxxxxx | |||
| Title: | Principal | |||
| THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |||
| Prudential Investment Management, Inc. as investment Advisor |
||||
| Name: | Xxxxxx Lemanoicz | |||
| Title: | Principal | |||
| ORE HILL HUB FUND LTD. | ||||
| By: Ore Hill Partners LLC | ||||
| Its: Investment Advisor | ||||
| By: | /s/ Xxxxxx X. Xxxx | |||
| Name: | Xxxxxx X. Xxxx, Esq. | |||
| Title: | General Counsel Ore Hill Partners LLC |
|||
| TFP Royal Issuer, LLC, as Lender. |
||||
| By: | /s/ Xxxxxxx Xxxxxx | |||
| Name: | Xxxxxxx Xxxxxx | |||
| Title: | Director | |||
BlackRock Senior High Income Fund, Inc.
Managed Account Series: High Income Portfolio
BlackRock Credit Investors Master fund II, L.P.
BlackRock Global Floating Rate Income Trust
BlackRock Defined Opportunity Credit Trust
BlackRock Strategic Bond Trust
BlackRock High Yield Trust
BlackRock Limited Duration Income Trust
BlackRock High Income Fund
BlackRock High Yield Bond Portfolio
BlackRock Senior Income Series
BlackRock Senior Income Series II
BlackRock Senior Income Series IV
BlackRock Senior Income Series V Limited
BlackRock High Income Portfolio of BlackRock Series Fund, Inc.
BlackRock High Income V.I. Fund of BlackRock Variable Series Funds, Inc.
California State Teachers’ Retirement System
BlackRock Corporate High Yield Fund, Inc.
BlackRock Corporate High Yield Fund III, Inc.
BlackRock Debt Strategies Fund, Inc.
BlackRock Diversified Income Strategies Fund, Inc.
Employees’ Retirement Fund of the City of Dallas
BlackRock Floating Rate Income Strategies Fund, Inc.
BlackRock Floating Rate Income Strategies Fund II, Inc.
BlackRock Global Investment Series: Corporate Loan Income Portfolio
BlackRock Global Investment Series: Income Strategies Portfolio
BlackRock High Income Shares
BlackRock Corporate High Yield Fund VI, Inc.
BlackRock corporate High Yield fund V, Inc.
LGT Multi Manager Bond High Yield (USD)
BlackRock Fixed Income Portable Alpha Master Series Trust
Senior Loan Portfolio
Managed Account Series: High Income Portfolio
BlackRock Credit Investors Master fund II, L.P.
BlackRock Global Floating Rate Income Trust
BlackRock Defined Opportunity Credit Trust
BlackRock Strategic Bond Trust
BlackRock High Yield Trust
BlackRock Limited Duration Income Trust
BlackRock High Income Fund
BlackRock High Yield Bond Portfolio
BlackRock Senior Income Series
BlackRock Senior Income Series II
BlackRock Senior Income Series IV
BlackRock Senior Income Series V Limited
BlackRock High Income Portfolio of BlackRock Series Fund, Inc.
BlackRock High Income V.I. Fund of BlackRock Variable Series Funds, Inc.
California State Teachers’ Retirement System
BlackRock Corporate High Yield Fund, Inc.
BlackRock Corporate High Yield Fund III, Inc.
BlackRock Debt Strategies Fund, Inc.
BlackRock Diversified Income Strategies Fund, Inc.
Employees’ Retirement Fund of the City of Dallas
BlackRock Floating Rate Income Strategies Fund, Inc.
BlackRock Floating Rate Income Strategies Fund II, Inc.
BlackRock Global Investment Series: Corporate Loan Income Portfolio
BlackRock Global Investment Series: Income Strategies Portfolio
BlackRock High Income Shares
BlackRock Corporate High Yield Fund VI, Inc.
BlackRock corporate High Yield fund V, Inc.
LGT Multi Manager Bond High Yield (USD)
BlackRock Fixed Income Portable Alpha Master Series Trust
Senior Loan Portfolio
Magnetite V CLO, Limited
Master Senior Floating Rate Trust
MET Investors Series Trust — BlackRock High Yield Portfolio
Missouri State Employee’s Retirement System
The Galaxite Master Unit Trust
PNC Financial Services Group, Inc.
PPL Sercies Corporation Retirement Master Trust
BlackRock Senior Floating Rate Portfolio
Celfin Capital S.A. Adm. General de Fondos para Ultra Fondo de Inversion
BlackRock Credit Investors Master Fund, L.P.
Master Senior Floating Rate Trust
MET Investors Series Trust — BlackRock High Yield Portfolio
Missouri State Employee’s Retirement System
The Galaxite Master Unit Trust
PNC Financial Services Group, Inc.
PPL Sercies Corporation Retirement Master Trust
BlackRock Senior Floating Rate Portfolio
Celfin Capital S.A. Adm. General de Fondos para Ultra Fondo de Inversion
BlackRock Credit Investors Master Fund, L.P.
| as a Lender |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Name: | Xxxxxx Xxxxxxx | |||
| Title: | Authorized Signatory | |||
