Fourth Amendment to Amended and Restated Loan Agreement among American Tower, L.P., American Towers, Inc., Verestar, Inc., and Toronto Dominion (Texas), Inc.

Summary

This amendment updates the terms of a loan agreement between American Tower, L.P., American Towers, Inc., Verestar, Inc., several financial institutions, and Toronto Dominion (Texas), Inc. as administrative agent. The changes revise definitions related to capital raise proceeds and debt service, add new definitions for a 2001 interest reserve and senior notes due 2009, and modify restrictions on certain payments by the borrowers. The amendment is effective as of January 23, 2001, and is subject to the conditions set forth in the agreement.

EX-10.5 3 dex105.txt 4TH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT Exhibit 10.5 EXECUTION COPY FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT THIS FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT, dated as of the 23rd of January, 2001 (this "Amendment"), is made by and among AMERICAN --------- TOWER, L.P., a Delaware limited partnership, AMERICAN TOWERS, INC., a Delaware corporation, VERESTAR, INC., a Delaware corporation (collectively, the "Borrowers"), THE FINANCIAL INSTITUTIONS SIGNATORIES HERETO and TORONTO DOMINION --------- (TEXAS), INC., as administrative agent (in such capacity, the "Administrative -------------- Agent"). - ----- W I T N E S S E T H: - - - - - - - - - - WHEREAS, the Borrowers, the Lenders (as defined therein), the Issuing Bank (as defined therein) and the Administrative Agent are all parties to that certain Amended and Restated Loan Agreement dated as of January 6, 2000 (as previously amended and as hereafter amended, modified, restated and supplemented from time to time, the "Loan Agreement"); and -------------- WHEREAS, the Borrowers have requested amendments to certain provisions of the Loan Agreement, and, subject to the terms and conditions set forth herein, the Lenders and the Administrative Agent are willing to amend certain provisions of the Loan Agreement as more specifically set forth herein; NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree that all capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Loan Agreement, and further hereby agree as follows: 1. Amendments to Article 1. ----------------------- (a) Section 1.1 of the Loan Agreement, Definitions, is hereby amended by ----------- deleting the definitions of "Capital Raise Proceeds" and "Pro Forma Debt ---------------------- -------------- Service" in their entireties and by substituting the following definitions in - ------- lieu thereof: " 'Capital Raise Proceeds' shall mean, (a) at any time prior to the ---------------------- Borrowing Base Termination Date, (i) fifty percent (50%) of the net cash proceeds of any public or private sale or issuance of the Capital Stock of the Parent in excess of $100,000,000.00 in the aggregate after the Agreement Date, and (ii) one hundred percent (100%) of the net cash proceeds of any public or private sale or issuance of debt instruments of the Parent, any of the Borrowers or any of the Restricted Subsidiaries (other than (A) net proceeds in an amount not to exceed $2,000,000.00 in the aggregate after the Agreement Date from the sale or issuance of Capital Stock in connection with any employee stock option plan of any such Person, (B) debt among the Borrowers and the Restricted Subsidiaries, or any of them, (C) the Loans, (D) proceeds received from Capital Stock issued in connection with an Acquisition hereunder, and (E) the proceeds of the Senior Notes due 2009), (b) at any time on or after the Borrowing Base Termination Date when the Leverage Ratio is greater than 5.00 to 1.00 fifty percent (50%) of the net proceeds of any public or private sale or issuance of debt instruments of the Parent, any of the Borrowers or any of the Restricted Subsidiaries (other than (A) debt among the Borrowers and the Restricted Subsidiaries, or any of them, or (B) the Loans), or, (c) at any other time, zero (0)." " 'Pro Forma Debt Service' shall mean with respect to the twelve (12) ---------------------- calendar month period following the calculation date, and after giving effect to any Interest Hedge Agreements and LIBOR Advances, the sum of the amount of all of the following with respect to the Borrowers and the Restricted Subsidiaries, on a consolidated basis: (a) scheduled payments of principal on Indebtedness for Money Borrowed (determined, with respect to the Revolving Loans only, as the difference between the outstanding principal amount of the Revolving Loans and Letter of Credit Obligations on the calculation date and the amount the Revolving Loan Commitments will be on the last day of such period) for such period; (b) Interest Expense for such period; (c) fees payable under this Agreement for such period; (d) other payments payable by such Persons during such period in respect of Indebtedness for Money Borrowed (other than voluntary repayments); and (e) after the Interest Reserve and/or the 2001 Interest Reserve, as applicable, has been applied in full pursuant to the terms hereof, all Restricted Payments to be made by the Borrowers to the Parent which will be necessary to make interest payments on the (i) Convertible Notes and/or (ii) Senior Notes due 2009 during such period. For purposes of this definition, where interest payments for the twelve (12) month period immediately succeeding the calculation date are not fixed by way of Interest Hedge Agreements, LIBOR Advances, or otherwise for the entire period, interest shall be calculated on such Indebtedness for Money Borrowed for periods for which interest payments are not so fixed at the lesser of (i) the LIBOR Basis (based on the then current adjustment under Section 2.3(f) hereof) for a LIBOR Advance having an Interest Period of six (6) months as determined on the date of calculation and (ii) the Base Rate Basis as in effect on the date of calculation; provided, however, that if such LIBOR Basis cannot be -------- ------- determined in the reasonable opinion of the Administrative Agent, such interest shall be calculated using the Base Rate Basis as then in effect." (b) Section 1.1 of the Loan Agreement, Definitions, is hereby further ----------- amended by inserting therein the following new definitions of "2001 Interest ------------- Reserve" and "Senior Notes due 2009" in the proper alphabetical order: - ------- --------------------- " '2001 Interest Reserve' shall mean an escrow account (a) maintained --------------------- by the Parent in a manner substantially similar to the Interest Reserve, (b) established with the proceeds of the Senior Notes due 2009 which shall be used to make interest payments on the Senior Notes due 2009 through February 2002." -2- " 'Senior Notes due 2009 ' shall mean the senior notes due 2009 issued ---------------------- on or after January 1, 2001 (a) which are unsecured and not guaranteed, (b) which are issued by the Parent, (c) which have a maturity date which is no earlier than twelve (12) months after the Term Loan B Maturity Date, (d) which have terms and conditions which are substantially similar to those set forth in the Preliminary Confidential Offering Circular dated January 17, 2001, and (e) the net cash proceeds of which (other than amounts required for the 2001 Interest Reserve) are contributed to the Borrowers as equity." 2. Amendments to Article 7. Section 7.7 of the Loan Agreement, Restricted ----------------------- ---------- Payments, is hereby amended by deleting such section in its entirety and by - -------- substituting in lieu thereof the following new section: "Section 7.7 Restricted Payments. The Borrowers shall not, and shall ------------------- not permit any of the Restricted Subsidiaries to, directly or indirectly declare or make any Restricted Payment; provided, however, that so long as -------- ------- no Default or Event of Default hereunder then exists or would be caused thereby, the Borrowers may make, (a) subject to Section 2.7(b)(iv) hereof, cash distributions in an aggregate amount for all Borrowers not to exceed fifty percent (50%) of Excess Cash Flow for the immediately preceding calendar year, on or after April 15th of each calendar year commencing on April 15, 2004; and (b) distributions to the Parent to make scheduled principal and interest payments on the Convertible Notes and the Senior Notes due 2009; provided, however, that (x) all funds in the Interest --------- ------- Reserve shall have been used to make all interest payments on the Convertible Notes due on or prior to October 15, 2001 and (y) all funds in the 2001 Interest Reserve shall have been used in full to make all interest payments on the Senior Notes due 2009 due on or prior to February 15, 2002." 3. Amendment to Article 8. Section 8.1 of the Loan Agreement, Events of ---------------------- --------- Default, is hereby amended by deleting clause (p) thereof in its entirety and - ------- substituting in lieu thereof new clause (p) as follows: "(p) the Parent shall incur or permit to remain outstanding any Indebtedness for Money Borrowed other than (i) the Convertible Notes, (ii) the Senior Notes due 2009 in an aggregate principal amount not to exceed at any time outstanding $1,000,000,000, (iii) any refinancing of the foregoing in an amount not exceeding the outstanding principal amount of the Indebtedness being refinanced on the date of such refinancing and otherwise having terms no less favorable in any material respect to the Lenders than the Indebtedness being refinanced, (iv) that certain Guaranty Agreement dated as of February 10, 2000 made by the Parent in favor of TV Azteca and Television Azteca, S.A. de C.V., a sociedad anonima de capital variable organized under the laws of Mexico, and (v) that certain Guaranty dated November 30, 1999 made by the Parent in favor of ICG Holdings; provided, -------- however, it shall be an Event of Default hereunder unless, ------- contemporaneously with the issuance of the Senior Notes due 2009, the Parent establishes (or causes to be established) the 2001 Interest Reserve from the proceeds of the Senior Notes due 2009 (which amounts shall not be required to be contributed as equity to the Borrowers under Section 8.1(q) hereof or otherwise); or" -3- 4. No Other Amendment. Except for the amendments set forth above, ------------------ the text of the Loan Agreement and all other Loan Documents shall remain unchanged and in full force and effect. No amendment or waiver by the Administrative Agent, the Issuing Bank or the Lenders under the Loan Agreement or any other Loan Document is granted or intended except as expressly set forth herein, and the Administrative Agent, the Issuing Bank and the Lenders expressly reserve the right to require strict compliance in all other respects (whether or not in connection with any Requests for Advance). Except as set forth herein, the amendments agreed to herein shall not constitute a modification of the Loan Agreement or any of the other Loan Documents, or a course of dealing with the Administrative Agent, the Issuing Bank and the Lenders at variance with the Loan Agreement or any of the other Loan Documents, such as to require further notice by the Administrative Agent, the Issuing Bank, the Lenders or the Majority Lenders to require strict compliance with the terms of the Loan Agreement and the other Loan Documents in the future. 5. Representations and Warranties. The Borrowers hereby represent and ------------------------------ warrant to and in favor of the Administrative Agent, for itself and on behalf of the Lenders as follows: (a) Each representation and warranty set forth in Article 4 of the Loan Agreement, as amended hereby, is hereby restated and affirmed as true and correct in all material respects as of the date hereof, except to the extent (i) previously fulfilled in accordance with the terms of the Loan Agreement, as amended hereby, (ii) the Borrowers have provided the Administrative Agent updates to information provided to the Administrative Agent in accordance with the terms of such representations and warranties, or (iii) relating specifically to the Agreement Date or otherwise inapplicable; (b) Each of the Borrowers has the power and authority (i) to enter into this Amendment, and (ii) to do all acts and things as are required or contemplated hereunder to be done, observed and performed by it; (c) This Amendment has been duly authorized, validly executed and delivered by one or more Authorized Signatories of each of the Borrowers, and constitutes the legal, valid and binding obligations of the Borrower, enforceable against each of the Borrowers in accordance with its terms, subject, as to enforcement of remedies, to the following qualifications: (i) an order of specific performance and an injunction are discretionary remedies and, in particular, may not be available where damages are considered an adequate remedy at law, and (ii) enforcement may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws affecting enforcement of creditors' rights generally (insofar as any such law relates to the bankruptcy, insolvency or similar event of the Borrowers); and (d) The execution and delivery of this Amendment and performance by the Borrowers under the Loan Agreement, as amended hereby, does not and will not require the consent or approval of any regulatory authority or governmental authority or agency having jurisdiction over the Borrowers which has not already been obtained, nor be in -4- contravention of or in conflict with the articles of incorporation or by- laws of the Borrowers, or any provision of any statute, judgment, order, indenture, instrument, agreement, or undertaking, to which the Borrowers are party or by which the Borrowers 'assets or properties are bound. 6. Condition Precedent. The effectiveness of this Amendment is subject to ------------------- receipt by the Administrative Agent of (a) executed signature pages to this Amendment from the Majority Lenders and (b) the amendment fee payable by the Borrower to each Lender executing this Amendment. 7. Counterparts. This Amendment may be executed in any number of ------------ counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. 8. Governing Law. This Amendment shall be construed in accordance with ------------- and governed by the laws of the State of New York. 9. Severability. Any provision of this Amendment which is prohibited or ------------ unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction. [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] -5- IN WITNESS WHEREOF, the parties hereto have executed this Amendment or caused it to be executed by their duly authorized officers, all as of the day and year first above written. BORROWERS: AMERICAN TOWER, L.P., a Delaware limited partnership By ATC GP INC., its General Partner By:/s/ Joseph L. Winn ------------------------------------ Name: Joseph L. Winn ------------------------------- Title: CFO ------------------------------- AMERICAN TOWERS, INC., a Delaware corporation By:/s/ Joseph L. Winn ------------------------------------ Name: Joseph L. Winn ------------------------------- Title: CFO ------------------------------- VERESTAR, INC., a Delaware corporation By:/s/ Joseph L. Winn ------------------------------------ Name: Joseph L. Winn ------------------------------- Title: CFO ------------------------------- ADMINISTRATIVE AGENT AND LENDERS: TORONTO DOMINION (TEXAS), INC., as Administrative Agent, for itself, the Issuing Bank and the Lenders, as Issuing Bank and as a Lender By: /s/ Jano Mott --------------------------- Name: Jano Mott ---------------------- Title: Vice President ---------------------- THE BANK OF NEW YORK, as a Lender By: /s/ Geoffrey C. Brooks ---------------------------- Name: Geoffrey C. Brooks ----------------------- Title: Senior Vice President ----------------------- THE CHASE MANHATTAN BANK, as a Lender By: /s/ William E. Rottino ------------------------------- Name: William E. Rottino -------------------------- Title: Vice President -------------------------- CREDIT SUISSE FIRST BOSTON, as Lender By:_______________________________________ Name:__________________________________ Title:_________________________________ By:_______________________________________ Name:__________________________________ Title:_________________________________ ALLFIRST BANK, as a Lender By: /s/ Signature Illegible -------------------------------------- Name: ---------------------------------- Title: Vice President --------------------------------- ALLSTATE LIFE INSURANCE COMPANY, as a Lender By: /s/ Jerry D. Zinkula ---------------------------------- Name: Jerry D. Zinkula ----------------------------- Title: Authorized Signatory ----------------------------- By: /s/ Patricia W. Wilson ---------------------------------- Name: Patricia W. Wilson ----------------------------- Title: Authorized Signatory ----------------------------- AIMCO CDO SERIES 2000-A, as a Lender By: /s/ Jerry D. Zinkula ---------------------------------- Name: Jerry D. Zinkula ----------------------------- Title: Authorized Signatory ----------------------------- By: /s/ Patricia W. Wilson ---------------------------------- Name: Patricia W. Wilson ----------------------------- Title: Authorized Signatory ----------------------------- AMARA-2 FINANCE, LTD., as a Lender By: INVESCO Senior Secured Management, Inc., as Subadvisor By: /s/ Kathleen A. Lenarcic --------------------------------- Name: Kathleen A. Lenarcic ---------------------------- Title: Authorized Signatory ---------------------------- AVALON CAPITAL LTD., as a Lender By: INVESCO Senior Secured Management, Inc., as Portfolio Advisor By: /s/ Kathleen A. Lenarcic --------------------------------- Name: Kathleen A. Lenarcic ---------------------------- Title: Authorized Signatory ---------------------------- AVALON CAPITAL LTD. 2, as a Lender By: INVESCO Senior Secured Management, Inc., as Portfolio Advisor By: /s/ Kathleen A. Lenarcic --------------------------------- Name: Kathleen A. Lenarcic ---------------------------- Title: Authorized Signatory ---------------------------- CERES II FINANCE LTD., as a Lender By: INVESCO Senior Secured Management, Inc., as Sub-Managing Agent (Financial) By: /s/ Kathleen A. Lenarcic --------------------------------- Name: Kathleen A. Lenarcic ---------------------------- Title: Authorized Signatory ---------------------------- CHARTER VIEW PORTFOLIO, as a Lender By: INVESCO Senior Secured Management, Inc., as Investment Advisor By: /s/ Kathleen A. Lenarcic ---------------------------------- Name: Kathleen A. Lenarcic ----------------------------- Title: Authorized Signatory ----------------------------- TRITON CDO IV, LIMITED, as a Lender By: INVESCO Senior Secured Management, Inc., as Investment Advisor By: /s/ Kathleen A. Lenarcic --------------------------------- Name: Kathleen A. Lenarcic ---------------------------- Title: Authorized Signatory ---------------------------- ARCHIMEDES FUNDING, L.L.C., as a Lender By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Steven Gorski --------------------------------- Name: Steven Gorski ---------------------------- Title: Senior Credit Analyst ---------------------------- ARCHIMEDES FUNDING II, LTD., as a Lender By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Steven Gorski --------------------------------- Name: Steven Gorski ---------------------------- Title: Senior Credit Analyst ---------------------------- ARCHIMEDES FUNDING III, LTD., as a Lender By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Steven Gorski --------------------------------- Name: Steven Gorski ---------------------------- Title: Senior Credit Analyst ---------------------------- THE ING CAPITAL SENIOR SECURED HIGH INCOME FUND, L.P., as Assignee By: ING Capital Advisors LLC, as Investment Advisor By: /s/ Steven Gorski --------------------------------- Name: Steven Gorski ---------------------------- Title: Senior Credit Analyst ---------------------------- SEQUILS-ING I (HBDGM), LTD., as Assignee By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Steven Gorski -------------------------------- Name: Steven Gorski --------------------------- Title: Senior Credit Analyst --------------------------- ATHENA CDO, LIMITED, as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar ----------------------------------- Name: Mohan V. Phansalkar ------------------------------ Title: Senior Vice President ------------------------------ BEDFORD CDO, LIMITED, as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar ----------------------------------- Name: Mohan V. Phansalkar ------------------------------ Title: Senior Vice President ------------------------------ CAPTIVA III FINANCE LTD., as a Lender As advised by Pacific Investment Management Company, LLC By: /s/ David Dyer ---------------------------------- Name: David Dyer ----------------------------- Title: Director ----------------------------- CAPTIVA IV FINANCE LTD., as a Lender As advised by Pacific Investment Management Company, LLC By: /s/ David Dyer ---------------------------------- Name: David Dyer ----------------------------- Title: Director ----------------------------- CATALINA CDO LTD., as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar -------------------------------- Name: Mohan V. Phansalkar --------------------------- Title: Senior Vice President --------------------------- DELANO COMPANY, as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar -------------------------------- Name: Mohan V. Phansalkar --------------------------- Title: Senior Vice President --------------------------- JISSEKIKUN FUNDING, LTD., as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar -------------------------------- Name: Mohan V. Phansalkar --------------------------- Title: Senior Vice President --------------------------- ROYALTON COMPANY, as a Lender By: Pacific Investment Management Company, LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar -------------------------------- Name: Mohan V. Phansalkar --------------------------- Title: Senior Vice President --------------------------- TRIGON HEALTHCARE INC. (ACCT 674), as a Lender By: Pacific Investment Management Company, as its Investment Advisor, acting through The Bank of New York in the Nominee Name of Hare & Co. By: /s/ Mohan V. Phansalkar ------------------------------------ Name: Mohan V. Phansalkar ------------------------------- Title: Senior Vice President ------------------------------- BALANCED HIGH YIELD FUND I LTD., as a Lender By: BHF (USA) Capital Corporation Acting as Attorney-in-Fact By:_______________________________________________ Name:__________________________________________ Title:_________________________________________ By:_______________________________________________ Name:__________________________________________ Title:_________________________________________ BALANCED HIGH YIELD FUND II, LTD., as a Lender By: BHF (USA) Capital Corporation Acting as Attorney-in-Fact By:_______________________________________________ Name:__________________________________________ Title:_________________________________________ By:_______________________________________________ Name:__________________________________________ Title:_________________________________________ BANK OF AMERICA, N.A., as a Lender By: /s/ Todd Shipley ---------------------------- Name: Todd Shipley ----------------------- Title: Managing Director ----------------------- BANK OF MONTREAL, as a Lender By: /s/ Sarah Kim ----------------------------- Name: Sarah Kim ------------------------ Title: Director ------------------------ THE BANK OF NOVA SCOTIA, as a Lender By: /s/ Paul A. Weissenberger ------------------------------- Name: Paul A. Weissenberger -------------------------- Title: Authorized Signatory -------------------------- BANK OF SCOTLAND, as a Lender By: /s/ Joseph Fratus --------------------------- Name: Joseph Fratus ---------------------- Title: Vice President ---------------------- BANK UNITED, as a Lender By: /s/ Phil Green ------------------------------- Name: Phil Green Title: Director Commercial Syndications BANKERS TRUST COMPANY, as a Lender By: Signature Illegible ------------------------------------ Name:_______________________________ Title: Director BAYERISCHE HYPO- UND VEREINSBANK AG, NEW YORK BRANCH, as a Lender By:_____________________________________ Name:________________________________ Title:_______________________________ By:_____________________________________ Name:________________________________ Title:_______________________________ BEAR STEARNS CORPORATE LENDING INC., as a Lender By: Signature Illegible ----------------------------------- Name:______________________________ Title:_____________________________ CARAVELLE INVESTMENT FUND, L.L.C., as a Lender By: Caravelle Advisors L.L.C. By: /s/ Dean Criares ------------------------------------- Name: Dean Criares Title: Managing Director CENTURION CDO II, LTD., as a Lender By: American Express Asset Management Group, Inc., as Collateral Manager By: /s/ Steven B. Staver ---------------------------------- Name: Steven B. Staver Title: Managing Director CARLYLE HIGH YIELD PARTNER II, LTD., as a Lender By: /s/ Linda M. Pace ----------------------------------- Name: Linda M. Pace Title: Vice President CITIZENS BANK OF MASSACHUSETTS, as successor to US Trust, as a Lender By: /s/ Daniel G. Eastman ------------------------------------ Name: Daniel G. Eastman Title: Senior Vice President COBANK, ACB, as a Lender By: /s/ Anita Youngblut -------------------------------- Name: Anita Youngblut Title: Vice President COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK NEDERLAND", NEW YORK BRANCH By: /s/ Michael R. Phelan ------------------------------------------ Name: Michael R. Phelan Title: Executive Director By: /s/ W. Pieter Kedde ------------------------------------------ Name: W. Pieter Kedde Title: Managing Director THE CIT GROUP/EQUIPMENT FINANCING, INC., as a Lender By:__________________________________________ Name:_____________________________________ Title:____________________________________ CITICORP USA, INC., as a Lender By: /s/ Suzanne Crymes ------------------------------ Name: Suzanne Crymes Title: Vice President DEXIA PUBLIC FINANCE BANK-NEW YORK AGENCY (f/k/a CREDIT LOCAL DE FRANCE - NEW YORK AGENCY), as a Lender By:__________________________________________ Name:_____________________________________ Title:____________________________________ By:__________________________________________ Name:_____________________________________ Title:____________________________________ CREDIT LYONNAIS NEW YORK BRANCH, as a Lender By: /s/ Patrick McCarthy ------------------------------------- Name: Patrick McCarthy -------------------------------- Title: Authorized Signature ------------------------------- CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC., as a Lender As: Attorney-in-Fact and on behalf of First Allmerica Financial Life Insurance Company as Portfolio Manager By: Signature illegible ----------------------------------------- Name: ------------------------------------ Title: Principal ----------------------------------- CYPRESSTREE INVESTMENT PARTNERS I, LTD., as a Lender By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: Signature illegible ----------------------------------------- Name: ------------------------------------ Title: Principal ----------------------------------- CYPRESSTREE INVESTMENT PARTNERS II, LTD., as a Lender By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: Signature illegible ----------------------------------------- Name: ------------------------------------ Title: Principal ----------------------------------- CYPRESSTREE SENIOR FLOATING RATE FUND, as a Lender By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: Signature illegible ----------------------------------------- Name: ------------------------------------ Title: Principal ----------------------------------- NORTH AMERICAN SENIOR FLOATING RATE FUND, as a Lender By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: Signature illegible ---------------------------------- Name: Title: Principal NIB CAPITAL BANK N.V., as a Lender By: Signature illegible ----------------------------------------- Name: ___________________________________ Title: __________________________________ By: Signature illegible ----------------------------------------- Name:____________________________________ Title:___________________________________ DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES, as a Lender By: /s/ Patrick A. Keleher ----------------------------------------- Name: Patrick A. Keleher Title: First Vice President By: /s/ William E. Lambert ----------------------------------------- Name: William E. Lambert Title: Vice President EATON VANCE CDO III, LTD., as a Lender By: Eaton Vance Management, as Investment Advisor By: /s/ Payson F. Swaffield ----------------------------------------- Name: Payson F. Swaffield Title: Vice President EATON VANCE INSTITUTIONAL SENIOR LOAN FUND, as a Lender By: Eaton Vance Management, as Investment Advisor By: /s/ Payson F. Swaffield ----------------------------------------- Name: Payson F. Swaffield Title: Vice President EATON VANCE SENIOR INCOME TRUST, as a Lender By: Eaton Vance Management, as Investment Advisor By: /s/ Payson F. Swaffield ----------------------------------------- Name: Payson F. Swaffield Title: Vice President GRAYSON & CO., as a Lender By: Boston Management and Research, as Investment Advisor By: /s/ Payson F. Swaffield ----------------------------------------- Name: Payson F. Swaffield Title: Vice President OXFORD STRATEGIC INCOME FUND, as a Lender By: Eaton Vance Management, as Investment Advisor By: /s/ Payson F. Swaffield --------------------------------- Name: Payson F. Swaffield Title: Vice President SENIOR DEBT PORTFOLIO, as a Lender By: Boston Management and Research, as Investment Advisor By: /s/ Payson F. Swaffield --------------------------------- Name: Payson F. Swaffield Title: Vice President ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG, as a Lender By: /s/ John Fay -------------------------------------- Name: John Fay Title: Vice President By: /s/ John S. Bunnion -------------------------------------- Name: John S. Bunnion Title: First Vice President FC-CBO II LIMITED, as a Lender By: Signature illegible ---------------------------------------- Name: __________________________________ Title: Collateral Manager FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR HIGH INCOME FUND, as a Lender By: Signature illegible ------------------------------------------ Name: ____________________________________ Title: ___________________________________ VARIABLE INSURANCE PRODUCTS FUND II: ASSET MANAGER PORTFOLIO, as a Lender By: Signature illegible ------------------------------------------ Name: ____________________________________ Title: ___________________________________ VARIABLE INSURANCE PRODUCTS FUND II: ASSET MANAGER GROWTH PORTFOLIO, as a Lender By: Signature illegible ------------------------------------------ Name: ____________________________________ Title: ___________________________________ FIRST DOMINION FUNDING III, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ FIRST UNION NATIONAL BANK, as a Lender By: /s/ Bruce W. Loftin ------------------------------------ Name: Bruce W. Loftin Title: Senior Vice President FLEET NATIONAL BANK, as a Lender By: /s/ Ellery Willard --------------------------------- Name: Ellery Willard Title: Vice President FRANKLIN FLOATING RATE TRUST, as a Lender By: /s/ Chauncey Lufkin ------------------------------------ Name: Chauncey Lufkin Title: Vice President THE FUJI BANK, LIMITED, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ GALAXY CLO 1999-1, LTD., as a Lender By: SAI Investment Adviser, Inc., its Collateral Agent By: /s/ Thomas G. Brandt ---------------------------------- Name: Thomas G. Brandt Title: Authorized Agent GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender By: /s/ Brian P. Ward --------------------------------------- Name: Brian P. Ward Title: Manager-Operations HOWARD BANK, N.A., as a Lender By: /s/ Michael W. Quinn ------------------------------------- Name: Michael W. Quinn Title: Jr. Vice President IBM CREDIT CORPORATION, as a Lender By: /s/ Thomas S. Curcio ----------------------------------- Name: Thomas S. Curcio Title: Manager of Credit, Commercial and Specialty Financing KEMPER FLOATING RATE FUND, as a Lender By: /s/ Kelly D. Babson --------------------------------- Name: Kelly D. Babson Title: Managing Director KEY CORPORATE CAPITAL INC., as a Lender By: /s/ Jason R. Weaver ------------------------------------ Name: Jason R. Weaver Title: Senior Vice President KZH CYPRESSTREE-1 LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH ING-1 LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH ING-2 LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH ING-3 LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH LANGDALE LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH RIVERSIDE LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH SHOSHONE LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ KZH SOLEIL-2 LLC, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ LEHMAN COMMERCIAL PAPER INC., as a Lender By: /s/ G. Andrew Keith --------------------------------- Name: G. Andrew Keith Title: Authorized Signatory MERRILL LYNCH GLOBAL INVESTMENT SERIES: INCOME STRATEGIES PORTFOLIO, as a Lender By: Merrill Lynch Investment Managers, L.P., as Investment Advisor By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory MERRILL LYNCH PRIME RATE PORTFOLIO, as a Lender By: Merrill Lynch Investment Managers, L.P., as Investment Advisor By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory MASTER SENIOR FLOATING RATE TRUST, as a Lender By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory MERRILL LYNCH SENIOR FLOATING RATE FUND, INC., as a Lender By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory SENIOR HIGH INCOME PORTFOLIO, INC., as a Lender By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory DEBT STRATEGIES FUND, INC., as a Lender By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory LONGHORN CDO (CAYMAN) LTD., as a Lender By: Merrill Lynch Asset Management, L.P., as Attorney In Fact By: /s/ Andrew C. Liggio ------------------------------------- Name: Andrew C. Liggio Title: Authorized Signatory METROPOLITAN LIFE INSURANCE COMPANY, as a Lender By: /s/ Erik V. Savi ------------------------------------ Name: Erik V. Savi Title: Director THE MITSUBISHI TRUST AND BANKING CORPORATION, as a Lender By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ MONY LIFE INSURANCE COMPANY, as a Lender By: /s/ Emilia F. Wiener ------------------------------------- Name: Emilia F. Wiener Title: Managing Director MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST, as a Lender By: /s/ Sheila Finnerty ---------------------------------- Name: Sheila Finnerty Title: Senior Vice President MOUNTAIN CAPITAL CLO I, LTD., as a Lender By:________________________________________ Name:___________________________________ Title:__________________________________ MUIRFIELD TRADING LLC, as a Lender By: /s/ Ann E. Morris ---------------------------------- Name: Ann E. Morris Title: Senior Vice President OLYMPIC FUNDING TRUST, SERIES 1999-1, as a Lender By: /s/ Ann E. Morris ---------------------------------- Name: Ann E. Morris Title: Senior Vice President PPM SPYGLASS FUNDING TRUST, as a Lender By: /s/ Ann E. Morris ---------------------------------- Name: Ann E. Morris Title: Senior Vice President WINGED FOOT FUNDING TRUST, as a Lender By: /s/ Ann E. Morris ---------------------------------- Name: Ann E. Morris Title: Senior Vice President NATEXIS BANQUES POPULAIRES, as a Lender By: /s/ Cynthia E. Sachs ------------------------------------ Name: Cynthia E. Sachs Title: N.P. Group Manager By: /s/ Elizabeth A. Harker ------------------------------------ Name: Elizabeth A. Harker Title: Assistant Vice President NATIONAL CITY BANK, as a Lender By: /s/ Jon W. Peterson ------------------------------- Name: Jon W. Peterson -------------------------- Title: Senior Vice President -------------------------- OCTAGON INVESTMENT PARTNERS II, LLC, as a Lender By: Octagon Credit Investors, LLC, as sub-investment manager By: /s/ Andrew D. Gordon ------------------------------------- Name: Andrew D. Gordon -------------------------------- Title: Portfolio Manager -------------------------------- OCTAGON INVESTMENT PARTNERS III, LTD., as a Lender By: Octagon Credit Investors, LLC, as Portfolio Manager By: /s/ Andrew D. Gordon ------------------------------------- Name: Andrew D. Gordon -------------------------------- Title: Portfolio Manager -------------------------------- OPPENHEIMER SENIOR FLOATING RATE FUND, as a Lender By: /s/ David Farhoven -------------------------------- Name: David Farhoven --------------------------- Title: A.V.P. --------------------------- ING PILGRIM SENIOR INCOME FUND, as a Lender By: ING Pilgrim Investments, Inc., as its investment manager By:____________________________________________________ Name:_______________________________________________ Title:______________________________________________ ML CLO XV PILGRIM AMERICA (CAYMAN) LTD., as a Lender By: Pilgrim Investments, Inc., as its investment manager By:__________________________________________________ Name:_____________________________________________ Title:____________________________________________ ML CLO XX PILGRIM AMERICA (CAYMAN) LTD., as a Lender By: Pilgrim Investments, Inc., as its investment manager By:__________________________________________________ Name:_____________________________________________ Title:____________________________________________ PILGRIM CLO 1999-1 LTD., as a Lender By: Pilgrim Investments, Inc., as its investment manager By:__________________________________________________ Name:_____________________________________________ Title:____________________________________________ PILGRIM PRIME RATE TRUST, as a Lender By: Pilgrim Investments, Inc., as its investment manager By:__________________________________________________ Name:_____________________________________________ Title:____________________________________________ SEQUILS-PILGRIM 1, LTD., as a Lender By: Pilgrim Investments, Inc., as its investment manager By:__________________________________________________ Name:_____________________________________________ Title:____________________________________________ PNC BANK, NATIONAL ASSOCIATION, as a Lender By: /s/ Keith R. White --------------------------------- Name: Keith R. White ---------------------------- Title: Vice President ---------------------------- PUTNAM HIGH YIELD TRUST, as a Lender By: /s/ John R. Verani ------------------------------ Name: John R. Verani ------------------------- Title: Vice President ------------------------- ROYAL BANK OF CANADA, as a Lender By: /s/ John M. Crawford ----------------------------- Name: John M. Crawford ------------------------ Title: ------------------------ SANKATY HIGH YIELD PARTNERS II, L.P., as a Lender under the Loan Agreement By: /s/ Diane J. Exter -------------------------------- Name: Diane J. Exter --------------------------- Title: Portfolio Manager --------------------------- Sankaty Advisors, Inc. as Collateral Manager for GREAT POINT CLO 1999-1 LTD., as Term Lender and as a Lender under the Loan Agreement By: /s/ Diane J. Exter -------------------------------- Name: Diane J. Exter --------------------------- Title: Portfolio Manager --------------------------- SEABOARD CLO 2000 LTD, as a Lender By:_______________________________________ Name:__________________________________ Title:_________________________________ SENECA CBO II, L.P., as a Lender By: /s/ Janice Diamond ------------------------------- Name: Janice Diamond -------------------------- Title: Partner -------------------------- SENECA CBO III, LIMITED, as a Lender By: /s/ Janice Diamond ------------------------------- Name: Janice Diamond -------------------------- Title: Partner -------------------------- SEQUILS-CUMBERLAND I, LTD., as a Lender By: Deerfield Capital Management, L.L.C., as its Collateral Manager By: /s/ Mark E. Wittnebel ---------------------------------- Name: Mark E. Wittnebel ----------------------------- Title: Senior Vice President ----------------------------- SUNTRUST BANK, as a Lender By: Signature Illegible -------------------------------- Name: --------------------------- Title: --------------------------- TEXTRON FINANCIAL CORPORATION, as a Lender By: /s/ Matthew J. Colgan ----------------------------------- Name: Matthew J. Colgan Title: Director UNION BANK OF CALIFORNIA, N.A., as a Lender By: Signature Illegible --------------------------------------- Name:__________________________________ Title:_________________________________ VAN KAMPEN CLO I, LIMITED, as a Lender By: Van Kampen Management, Inc., as Collateral Manager By: /s/ Darvin D. Pierce ---------------------------------- Name: Darvin D. Pierce Title: Principal VAN KAMPEN CLO II, LIMITED, as a Lender By: Van Kampen Management, Inc., as Collateral Manager By: /s/ Darvin D. Pierce ---------------------------------- Name: Darvin D. Pierce Title: Principal VAN KAMPEN SENIOR INCOME TRUST, as a Lender By: Van Kampen Investment Advisory Corp. By: /s/ Darvin D. Pierce ---------------------------------- Name: Darvin D. Pierce Title: Principal WEBSTER BANK, as a Lender By: /s/ Matthew Daly ------------------------------------- Name: Matthew Daly Title: AVP