Amendment to Fifth Amended and Restated Credit Agreement among Aurora Foods Inc. and Lenders (May 1, 2002)
Summary
This amendment updates the existing credit agreement between Aurora Foods Inc., its lenders, and agents. It modifies certain financial definitions, adjusts financial ratio requirements for specified periods in 2002, and adds new reporting and cooperation obligations for Aurora Foods. The amendment becomes effective once all parties sign and certain conditions are met, including a commitment from specified entities to purchase subordinated loan participations. Aurora Foods must also provide a revised business plan, make management available for meetings, and cooperate with a financial review by a consultant.
EX-10.2 4 dex102.txt AMENDMENT TO CREDIT AGREEMENT Exhibit 10.2 CONFORMED COPY -------------- AMENDMENT AMENDMENT, dated as of May 1, 2002 (this "Amendment"), to the Fifth --------- Amended and Restated Credit Agreement, dated as of November 1, 1999 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), ---------------- among Aurora Foods Inc. (the "Company"), the financial institutions parties ------- thereto (the "Lenders"), and the Agents. ------- W I T N E S S E T H: - - - - - - - - - - WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to Company; WHEREAS, Company has requested, and, upon this Amendment becoming effective, the Lenders have agreed, that certain provisions of the Credit Agreement be modified as set forth below; NOW, THEREFORE, the parties hereto hereby agree as follows: SECTION 1. Defined Terms. Terms defined in the Credit Agreement and ------------- used herein shall have the meanings given to them in the Credit Agreement. SECTION 2. Amendments to the Credit Agreement. ---------------------------------- (a) Amendments to Section 1.1. (i) The defined term "Consolidated ------------------------- EBITDA" set forth in subsection 1.1 of the Credit Agreement is hereby amended by (A) inserting the phrase "without duplication," immediately before clause (1) thereof, (B) deleting the word "and" immediately before clause (10) thereof and substituting "," in lieu thereof and (C) adding the following new clauses (11) and (12) immediately after clause (10) thereof: " (11) effective as of March 31, 2002, with respect to any period ending March 31, 2002 and thereafter, charges as set forth on the attached Schedule 1.1A in an amount not to exceed $20,130,000 in the aggregate and (12) with respect to the periods ending June 30, 2002 and September 30, 2002 and thereafter, charges relating to the payment of fees and expenses incurred in connection with the Amendment, dated as of May 1, 2002, to this Agreement and the transactions contemplated thereby as reasonably detailed to the Administrative Agent at the time of the delivery of the financial statements for the periods ending June 30, 2002 and September 30, 2002." 2 (ii) Subsection 1.1 of the Credit Agreement is further amended by deleting the existing term "Consolidated Cash Interest Expense" therefrom and substituting in lieu thereof the following: "Consolidated Cash Interest Expense" means, for any period, (i) Consolidated Interest Expense payable in Cash during such period minus (ii) ----- any bank amendment fee included in the charges described in clause (i)(b)(11) or (12) of the definition of Consolidated EBITDA to the extent that such charge is included in Consolidated Interest Expense for such period. (b) Amendments to Subsection 7.6. Subsection 7.6 of the Credit ---------------------------- Agreement is hereby amended as follows: (i) by deleting the portion of the table appearing at the end of subsection 7.6A of the Credit Agreement relating to the period set forth below and substituting in lieu thereof the following: - -------------------------------------------------------------------------------- MINIMUM CONSOLIDATED CASH INTEREST COVERAGE TEST PERIOD RATIO - -------------------------------------------------------------------------------- 4/01/02 - 6/30/02 1.53:1.00 - -------------------------------------------------------------------------------- (ii) by deleting the portion of the first table appearing in subsection 7.6B of the Credit Agreement relating to the periods set forth below and substituting in lieu thereof the following: - -------------------------------------------------------------------------------- MAXIMUM TEST PERIOD LEVERAGE RATIO - -------------------------------------------------------------------------------- 4/01/02 - 6/30/02 6.75:1.00 - -------------------------------------------------------------------------------- 7/01/02 - 9/30/02 6.65:1.00 - -------------------------------------------------------------------------------- (iii) by deleting the portion of the second table appearing in subsection 7.6B of the Credit Agreement relating to the periods set forth below and substituting in lieu thereof the following: - -------------------------------------------------------------------------------- MAXIMUM TEST PERIOD LEVERAGE RATIO - -------------------------------------------------------------------------------- 4/01/02 - 6/30/02 7.05:1.00 - -------------------------------------------------------------------------------- 7/01/02 - 9/30/02 6.95:1.00 - -------------------------------------------------------------------------------- 3 (iv) by deleting the portion of the table appearing at the end of subsection 7.6F of the Credit Agreement relating to the periods set forth below and substituting in lieu thereof the following: - -------------------------------------------------------------------------------- MAXIMUM SENIOR TEST PERIOD LEVERAGE RATIO - -------------------------------------------------------------------------------- 4/01/02 - 6/30/02 4.18:1.00 - -------------------------------------------------------------------------------- 7/01/02 - 9/30/02 4.09:1.00 - -------------------------------------------------------------------------------- (c) Amendments to Schedules. The Schedules to the Credit Agreement are ----------------------- hereby amended by adding a new Schedule 1.1A as attached to this Amendment. SECTION 3. Additional Covenants. On or before June 15, 2002, Company -------------------- shall (a) deliver to the Administrative Agent a revised business plan for the Fiscal Year ending December 31, 2002, (b) make available senior management of Company for a meeting with the Lenders to discuss the financial condition of Company, operational changes, system improvements and timing, general market conditions, significant management changes and other pertinent information that could be expected to affect Company's operating or financial performance, and (c) assist a consultant chosen by the Administrative Agent to complete a review of the accounting systems and financial condition and operations of Company (Company hereby further agrees to pay or reimburse the Administrative Agent for all of its out-of-pocket costs and expenses incurred in connection with such review, including the fees and expenses of such consultant). SECTION 4. Conditions to Effectiveness. This Amendment shall be --------------------------- effective (the "Effective Date") upon receipt by the Administrative Agent of (a) -------------- this Amendment, executed and delivered by a duly authorized officer of each of Company, the Guarantor and the Requisite Lenders and (b) an agreement, in form and substance satisfactory to the Administrative Agent, pursuant to which the MDC Entities, Fenway and/or UBS shall be unconditionally obligated to purchase subordinated participations in up to $10,000,000 of Revolving Loans, which agreement shall be terminated on the date that is 91 days after the last day of any Fiscal Quarter on which the ratio of Consolidated Total Senior Debt as of such last day of such Fiscal Quarter to Consolidated EBITDA for the four-Fiscal Quarter period ending on such last day does not exceed 3.75:1.00; provided that -------- no Event of Default or Potential Event of Default described in Section 8.6, 8.7 or 8.9 of the Credit Agreement has occurred and is continuing. SECTION 5. Representations and Warranties. To induce the Lenders ------------------------------ parties hereto to enter into this Amendment, Company hereby represents and warrants to the Administrative Agent and all of the Lenders that (i) the representations and warranties made by Company in the Loan Documents are true and correct in all material respects on and as of the date hereof, after giving effect to the effectiveness of this Amendment, as if made on and as of the date hereof and (ii) after giving effect to this Amendment, no Event of Default or Potential Event of Default shall have occurred and be continuing. 4 SECTION 6. Effect on the Loan Documents. (a) Except as specifically ---------------------------- waived above, the Credit Agreement and all other Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. (b) The execution, delivery and effectiveness of this Amendment, except as expressly provided herein, shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. SECTION 7. Fee. Company shall pay to each Lender that executes and --- delivers this Amendment prior to 5:00 p.m., New York City time, May 1, 2002, a fee equal to 0.125% of the sum of such Lender's (a) Revolving Credit Commitment, (b) outstanding Tranche A Term Loans and (c) outstanding Tranche B Term Loans, such fee to be earned as of the Effective Date and payable no later than May 2, 2002. SECTION 8. Costs, Expenses and Taxes. Company agrees to pay on demand ------------------------- all actual and reasonable and documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Amendment and the other instruments and documents to be delivered thereunder and hereunder, including, without limitation, the reasonable and documented fees and out-of-pocket expenses of counsel for the Administrative Agent (including allocated costs of internal counsel) with respect thereto and with respect to advising the Administrative Agent as to its rights and responsibilities hereunder and thereunder. Company further agrees to pay on demand all costs and expenses of the Administrative Agent and each of the Lenders, if any (including, without limitation, counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, reasonable counsel fees and expenses (including allocated costs of internal counsel) in connection with the enforcement of rights under this Section 8. SECTION 9. Affirmation of Subsidiary Guaranty, Pledge Agreement and -------------------------------------------------------- Credit Agreement. The Guarantor hereby consents to the modification of the - ---------------- Credit Agreement contemplated hereby and each of Company and the Guarantor hereby acknowledge and agree that the guarantees contained in the Subsidiary Guaranty, the pledge of stock contained in the Pledge Agreement and the obligations contained in the Credit Agreement as modified hereby are, and shall remain, in full force and effect. SECTION 10. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND -------------- OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 11. Execution in Counterparts. This Amendment may be executed -------------------------- by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Any 5 executed counterpart delivered by facsimile transmission shall be effective as for all purposes hereof. A set of the copies of this Amendment signed by all the parties shall be lodged with Company and the Administrative Agent. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written. AURORA FOODS INC. By: /s/ William R. McManaman --------------------------------------------- Name: William R. McManaman Title: EVP & CFO SEA COAST FOODS, INC. By: /s/ William R. McManaman --------------------------------------------- Name: William R. McManaman Title: CFO & Secretary JPMORGAN CHASE BANK, as Administrative Agent and as a Lender By: /s/ Kathy A. Duncan --------------------------------------------- Name: Kathy A. Duncan Title: Vice President ALLIANCE CAPITAL MANAGEMENT L.P., as Manager on behalf of ALLIANCE CAPITAL FUNDING, L.L.C., as Assignee By: Alliance Capital Management Corporation, General Partner of Alliance Capital Management L.P. By: /s/ Joel Serebransky --------------------------------------------- Name: Joel Serebransky Title: Senior Vice President ALLSTATE LIFE INSURANCE COMPANY By: /s/ Jerry D. Zinkula --------------------------------------------- Name: Jerry D. Zinkula Title: Authorized Signatory By: /s/ Chris Goergen --------------------------------------------- Name: Chris Goergen Title: Authorized Signatory AMERICAN EXPRESS CERTIFICATE COMPANY By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Steven B. Staver --------------------------------------------- Name: Steven B. Staver Title: Managing Director APEX (IDM) CDO I, LTD. By: Institutional Debt Management, Inc., as Collateral Manager By: /s/ Michael Audino --------------------------------------------- Name: Michael Audino Title: Vice President ARCHIMEDES FUNDING, LLC. By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------------- Name: Helen Y. Rhee Title: Senior Vice President ARCHIMEDES FUNDING III, LTD. By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------------- Name: Helen Y. Rhee Title: Senior Vice President ARES LEVERAGED INVESTMENT FUND II, L.P. By: ARES Management II, L.P. its General Partner By: /s/ Seth J. Brufsky --------------------------------------------- Name: Seth J. Brufsky Title: Vice President ARES III CLO LTD. By: ARES CLO Management, LLC its Investment Partner By: /s/ Seth J. Brufsky --------------------------------------------- Name: Seth J. Brufsky Title: Vice President ARES IV CLO LTD. By: ARES CLO Management IV, L.P. its Investment Partner By: ARES CLO GP IV, LLC its Managing Manager By: /s/ Seth J. Brufsky --------------------------------------------- Name: Seth J. Brufsky Title: Vice President ARES V CLO LTD. By: ARES CLO Management V, L.P. its Investment Manager By: ARES CLO GP V, LLC its Managing Manager By: /s/ Seth J. Brufsky --------------------------------------------- Name: Seth J. Brufsky Title: Vice President BALANCED HIGH-YIELD FUND I, LTD. By: ING Capital Advisors LLC, as Asset Manager By: /s/ Helen Y. Rhee --------------------------------------------- Name: Helen Y. Rhee Title: Senior Vice President BALANCED HIGH-YIELD FUND II, LTD. By: ING Capital Advisors LLC, as Asset Manager By: /s/ Helen Y. Rhee --------------------------------------------- Name: Helen Y. Rhee Title: Senior Vice President BANCO ESPIRITO SANTO, S.A., NASSAU BRANCH By: /s/ Terry R. Hull --------------------------------------------- Name: Terry R. Hull Title: Senior Vice President By: /s/ Andrew M. Orsen --------------------------------------------- Name: Andrew M. Orsen Title: Vice President BANK OF AMERICA, N.A. By: /s/ Laura T. Sweet --------------------------------------------- Name: Laura T. Sweet Title: Assistant Vice President BAYERISCHE HYPO-UND VEREINSBANK AG NEW YORK BRANCH By: /s/ Francesco Ossino --------------------------------------------- Name: Francesco Ossino Title: Director By: /s/ Timothy L. Harrod --------------------------------------------- Name: Timothy L. Harrod Title: Managing Director BNP PARIBAS By: /s/ Stephanie Rogers --------------------------------------------- Name: Stephanie Rogers Title: Vice President By: /s/ Duane P. Helkowski --------------------------------------------- Name: Duane P. Helkowski Title: Director CALLIDUS DEBT PARTNERS CDO FUND I, LTD By: Callidus Capital Management, LLC as Collateral Manager By: /s/ Jerry Nichols --------------------------------------------- Name: Jerry Nichols Title: Managing Director CENTURION CDO II, LTD. By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Steven B. Staver --------------------------------------------- Name: Steven B. Staver Title: Managing Director CENTURION CDO III, LIMITED. By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Steven B. Staver --------------------------------------------- Name: Steven B. Staver Title: Managing Director CLYDESDALE CLO 2001-1, LTD. By: Nomura Corporate Research and Asset Management Inc. as Collateral Manager By: /s/ Richard W. Stewart --------------------------------------------- Name: Richard W. Stewart Title: Director CONTINENTAL CASUALTY COMPANY By: /s/ Richard W. Dubberke --------------------------------------------- Name: Richard W. Dubberke Title: Vice President CYPRESSTREE INVESTMENT PARTNERS II, LTD., By: CypressTree Investment Management Company, Inc. as Portfolio Manager By: /s/ P. Jeffrey Huth --------------------------------------------- Name: P. Jeffrey Huth Title: Principal CYPRESS TREE INVESTMENT MANAGEMENT COMPANY, INC. As: Attorney-in-Fact, on behalf of, and as Portfolio Manager for First Allmerica Financial Life Insurance Company By: /s/ P. Jeffrey Huth --------------------------------------------- Name: P. Jeffrey Huth Title: Principal DEUTSCHE BANK AG NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCH By: /s/ William W. McGinty --------------------------------------------- Name: William W. McGinty Title: Director By: /s/ Thomas A. Foley --------------------------------------------- Name: Thomas A. Foley Title: Vice President ELC (CAYMAN) LTD. CDO SERIES 1999-I By: Institutional Debt Management, Inc., as Collateral Manager By: /s/ Michael Audino --------------------------------------------- Name: Michale Audino Title: Vice President ELC (CAYMAN) LTD. 1999-III By: Institutional Debt Management, Inc., as Collateral Manager By: /s/ Michael Audino --------------------------------------------- Name: Michale Audino Title: Vice President ELC (CAYMAN) LTD. 2000-1 By: Institutional Debt Management, Inc., as Collateral Manager By: /s/ Michael Audino --------------------------------------------- Name: Michale Audino Title: Vice President EQ ADVISORS TRUST By: Alliance Capital Management L.P., as Advisor By: /s/ Michael Snyder --------------------------------------------- Name: Michael Snyder Title: Portfolio Manager FLEET NATIONAL BANK By: /s/ Peter M. Anzivino --------------------------------------------- Name: Peter M. Anzivino Title: Vice President FRANKLIN FLOATING RATE TRUST By: /s/ Richard D'Addario --------------------------------------------- Name: Richard D'Addario Title: Vice President FRANKLIN FLOATING RATE MASTER SERIES By: /s/ Richard D'Addario --------------------------------------------- Name: Richard D'Addario Title: Vice President FRANKLIN CLO I, LIMITED By: /s/ Richard D'Addario --------------------------------------------- Name: Richard D'Addario Title: Senior Vice President FRANKLIN CLO II, LIMITED By: /s/ Richard D'Addario --------------------------------------------- Name: Richard D'Addario Title: Senior Vice President FRANKLIN CLO III, LIMITED By: /s/ Richard D'Addario --------------------------------------------- Name: Richard D'Addario Title: Senior Vice President GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ Janet K. Williams --------------------------------------------- Name: Janet K. Williams Title: Duly Authorized Signatory GOLDENTREE LOAN OPPORTUNITIES I, LIMITED By: /s/ Fred Haddad --------------------------------------------- Name: Fred Haddad Title: Portfolio Manager HARBOURVIEW CLO IV LTD, FUND By: /s/ David Foxhoven --------------------------------------------- Name: David Foxhoven Title: A.V.P. HARRIS TRUST AND SAVINGS BANK By: /s/ Karen L. Knudsen --------------------------------------------- Name: Karen L. Knudsen Title: Vice President HSBC BANK USA By: /s/ Matthew J. Logan --------------------------------------------- Name: Matthew J. Logan Title: Analyst IDS LIFE INSURANCE COMPANY By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Steven B. Staver --------------------------------------------- Name: Steven B. Staver Title: Managing Director INDOSUEZ CAPITAL FUNDING IIA, LIMITED By: Indosuez Capital as Portfolio Advisor By: /s/ Andrew Brady --------------------------------------------- Name: Andrew Brady Title: Vice President INDOSUEZ CAPITAL FUNDING III, LIMITED By: Indosuez Capital as Portfolio Advisor By: /s/ Andrew Brady --------------------------------------------- Name: Andrew Brady Title: Vice President INDOSUEZ CAPITAL FUNDING IV, L.P. By: RBC Leveraged Capital as Portfolio Advisor By: /s/ Lee M. Shaiman --------------------------------------------- Name: Lee M. Shaiman Title: Managing Director ING PRIME RATE TRUST By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President ING SENIOR INCOME FUND By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President KZH CYPRESSTREE-1 LLC By: /s/ Anthony Iarrobino --------------------------------------------- Name: Anthony Iarrobino Title: Authorized Agent KZH ING-2 LLC By: /s/ Anthony Iarrobino --------------------------------------------- Name: Anthony Iarrobino Title: Authorized Agent KZH PONDVIEW LLC By: /s/ Anthony Iarrobino --------------------------------------------- Name: Anthony Iarrobino Title: Authorized Agent KZH STERLING LLC By: /s/ Anthony Iarrobino --------------------------------------------- Name: Anthony Iarrobino Title: Authorized Agent KZH WATERSIDE LLC By: /s/ Anthony Iarrobino --------------------------------------------- Name: Anthony Iarrobino Title: Authorized Agent MARINER LDC By: /s/ Charles R. Howe IV --------------------------------------------- Name: Charles R. Howe IV Title: Director ML CLO XII PILGRIM AMERICA (CAYMAN) LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President ML CLO XV PILGRIM AMERICA (CAYMAN) LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President ML CLO XX PILGRIM AMERICA (CAYMAN) LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President MONUMENT CAPITAL LTD., as Assignee By: Alliance Capital Management L.P., as Investment Manager By: Alliance Capital Management Corporation, a General Partner By: /s/ Joel Serebransky --------------------------------------------- Name: Joel Serebransky Title: Senior Vice President MORGAN STANLEY PRIME INCOME TRUST By: /s/ Sheila A. Finnerty --------------------------------------------- Name: Sheila A. Finnerty Title: Executive Director NATEXIS BANQUES POPULAIRES By: /s/ Frank H. Madden, Jr. --------------------------------------------- Name: Frank H. Madden, Jr. Title: Vice President & Group Manager By: /s/ Harris Frommer --------------------------------------------- Name: Harris Frommer Title: Assistant Vice President NATIONAL CITY By: /s/ Jennifer R. Hammarlund --------------------------------------------- Name: Jennifer R. Hammarlund Title: Assistant Vice President NEW ALLIANCE GLOBAL CDO, LIMITED By: Alliance Capital Management L.P., as Sub- advisor By: Alliance Capital Management Corporation, as General Partner By: /s/ Joel Serebransky --------------------------------------------- Name: Joel Serebransky Title: Senior Vice President 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: /s/ Richard W. Stewart --------------------------------------------- Name: Richard W. Stewart Title: Director NYLIM HIGH YIELD CDO, 2001, LTD. By: New York Life Investment Management, LLC, as Investment Manager and Attorney-In-Fact By: /s/ F. David Melka --------------------------------------------- Name: F. David Melka Title: Vice President OLYMPIC FUNDING TRUST, SERIES 1999-1 By: /s/ Ann E. Morris --------------------------------------------- Name: Ann E. Morris Title: Authorized Agent OPPENHEIMER SENIOR FLOATING RATE FUND By: /s/ David Foxhoven --------------------------------------------- Name: David Foxhoven Title: A.V.P ORYX CLO, LTD. By: ING Capital Advisors LLC, as Collateral Manager By: /s/ Helen Rhee ---------------------------- Name: Helen Rhee Title: Senior Vice President PACIFICA PARTNERS I, L.P. By: Imperial Credit Asset Management as its Investment Manager By: /s/ Sean Walker --------------------------------------------- Name: Sean Walker Title: Vice President PILGRIM AMERICA HIGH INCOME INVESTMENTS INC. LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President PILGRIM CLO 1999-1 LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President PINEHURST TRADING, INC. By: /s/ Ann E. Morris --------------------------------------------- Name: Ann E. Morris Title: Asst. Vice President PPM SHADOW CREEK FUNDING LLC By: /s/ Ann E. Morris --------------------------------------------- Name: Ann E. Morris Title: Asst. Vice President PPM SPYGLASS FUNDING TRUST By: /s/ Ann E. Morris --------------------------------------------- Name: Ann E. Morris Title: Authorized Agent PROMETHEUS INVESTMENT FUNDING NO. 1 LTD By: CPF Asset Advisory, LLC as Investment Manager By: /s/ Francesco Ossino --------------------------------------------- Name: Francesco Ossino Title: Director By: /s/ Timothy L. Harrod --------------------------------------------- Name: Timothy L. Harrod Title: Managing Director PUTNAM DIVERSIFIED INCOME TRUST By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM FUNDS TRUST - PUTNAM HIGH YIELD TRUST II By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM HIGH YIELD ADVANTAGE FUND By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM HIGH YIELD TRUST By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM MASTER INCOME TRUST By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM MASTER INTERMEDIATE INCOME TRUST By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM PREMIER INCOME TRUST By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President PUTNAM VARIABLE TRUST - PVT DIVERSIFIED INCOME FUND By: /s/ John R. Verani --------------------------------------------- Name: John R. Verani Title: Vice President SENIOR DEBT PORTFOLIO By: Boston Management and Research as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President SEQUILS-CENTURION V, LTD By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Steven B. Staver --------------------------------------------- Name: Steven B. Staver Title: Managing Director SEQUILS PILGRIM-1 LTD. By: ING Investments, LLC as its Investment Manager By: /s/ Jason Groom --------------------------------------------- Name: Jason Groom Title: Vice President SIMSBURY CLO, LIMITED By: David L. Babson & Co. Inc. under delegated authority from MassMutual Life Insurance Company as Collateral Manager By: /s/ Mary S. Law --------------------------------------------- Name: Mary S. Law Title: Managing Director SUNTRUST BANK By: /s/ Thomas G. Hamby --------------------------------------------- Name: Thomas G. Hamby Title: Vice President UBS AG, STAMFORD BRANCH By: /s/ David J. Kalal --------------------------------------------- Name: David J. Kalal Title: Executive Director Recovery Management By: /s/ William A. Roche --------------------------------------------- Name: William A, Roche Title: Executive Director Recovery Management VAN KAMPEN SENIOR INCOME TRUST By: Van Kampen Investment Advisory Corp. By: /s/ Christina Jamieson --------------------------------------------- Name: Christina Jamieson Title: Vice President VAN KAMPEN PRIME RATE INCOME TRUST By: Van Kampen Investment Advisory Corp. By: /s/ Christina Jamieson --------------------------------------------- Name: Christina Jamieson Title: Vice President VAN KAMPEN CLO I, LIMITED By: Van Kampen Investment Advisory Corp, as Collateral Manager By: /s/ Christina Jamieson --------------------------------------------- Name: Christina Jamieson Title: Vice President VAN KAMPEN CLO II, LIMITED By: Van Kampen Investment Advisory Corp as Collateral Manager By: /s/ Christina Jamieson --------------------------------------------- Name: Christina Jamieson Title: Vice President WELLS FARGO BANK, N.A. By: /s/ Hugh Diddy --------------------------------------------- Name: Hugh Diddy Title: Vice President Schedule 1.1A ------------- FIRST QUARTER 2002 ADJUSTMENTS (in thousands) Net sales - trade promotions and other $ 17,700 Cost of sales - inventory disputes 980 General and administration - severance and other 1,125 Interest expense - waiver fee 325 -------- $ 20,130 ========
