Amendment No. 2 and Waiver to Credit Agreement among Leiner Health Products Inc. and Lenders
This amendment, dated June 22, 2007, modifies the existing Credit Agreement between Leiner Health Products Inc., its guarantors, and a group of lenders led by UBS Securities LLC and Morgan Stanley Senior Funding, Inc. The amendment updates key financial definitions and terms, including the calculation of interest margins and EBITDA, and provides a waiver for certain requirements. The changes are intended to adjust the financial covenants and obligations of the borrower under the credit facility, effective immediately upon execution by all parties.
(a) | Section 1.01 of the Credit Agreement is hereby amended as follows: |
(1) | the definition of Applicable Margin is hereby amended by deleting such definition in its entirety and replacing it with the following: | ||
Applicable Margin shall mean, at any time after the Second Amendment Effective Date, (A) until receipt by the Administrative Agent of the financial statements and certificate required by Section 5.01(a) and Section 5.01(d) for the fiscal year ending |
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March 29, 2008, 4.25 with respect to any Eurodollar Revolving Loan and 3.25 with respect to any ABR Revolving Loan, and 4.50 with respect to any Eurodollar Term Loan and 3.50 with respect to any ABR Term Loan, and (B) thereafter, with respect to any Revolving Loan, the applicable percentage set forth below: |
Eurodollar | ||||
Total Leverage Ratio | ABR Loans | Loans | ||
Level I ³ 5.0:1.0 | 3.25 | 4.25 | ||
Level II < 5.0:1.0 but ³ 4.5:1.0 | 2.75 | 3.75 | ||
Level III < 4.5:1.0 but ³ 4.0:1.0 | 2.25 | 3.25 | ||
Level IV < 4.0:1.0 | 2.00 | 3.00 |
and with respect to any Term Loan, the applicable percentage set forth below: |
Eurodollar | ||||
Total Leverage Ratio | ABR Loans | Loans | ||
Level I ³ 5.0:1.0 | 3.50 | 4.50 | ||
Level II < 5.0:1.0 but ³ 4.5:1.0 | 3.00 | 4.00 | ||
Level III < 4.5:1.0 but ³ 4.0:1.0 | 2.50 | 3.50 | ||
Level IV < 4.0:1.0 | 2.25 | 3.25 |
Each change in the Applicable Margin resulting from a change in the Total Leverage Ratio shall be effective with respect to all Loans and Letters of Credit outstanding on and after the date of delivery to the Administrative Agent of the financial statements |
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and certificates required by Section 5.01(a) or (b) and Section 5.01(d), respectively, indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change. Notwithstanding the foregoing, the Total Leverage Ratio shall be deemed to be in Level I (i) at any time during which Borrower has failed to deliver the financial statements and certificates required by Section 5.01(a) or (b) and Section 5.01(d), respectively, it being understood that the Applicable Margin shall revert to the level set forth on the table above upon the delivery of such financial statements, and (ii) at any time during the existence of an Event of Default. |
(2) | the definition of Consolidated EBITDA is hereby amended by deleting such definition in its entirety and replacing it with the following: | ||
Consolidated EBITDA shall mean, in respect of any four fiscal quarter period ending after March 31, 2007, Consolidated Net Income for any period, adjusted by (x) adding thereto, without duplication and in each case (other than with respect to clauses (g) and (m) below) only to the extent (and in the same proportion) deducted in determining such Consolidated Net Income: |
(a) | Consolidated Interest Expense for such period, | ||
(b) | Consolidated Amortization Expense for such period, | ||
(c) | Consolidated Depreciation Expense for such period, | ||
(d) | Consolidated Tax Expense for such period, | ||
(e) | [Reserved] | ||
(f) | the aggregate amount of all other non-cash items reducing Consolidated Net Income (including non-cash compensation charges resulting from stock options, restricted stock grants or other equity incentive programs, but excluding any non-cash charge that results in an accrual of a reserve for cash charges in any future period) for such period, |
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(g) | proceeds from business interruption insurance, | ||
(h) | (i) management fees to Sponsors or any of their Affiliates in the amounts and at the times specified in the Consulting Agreement, and (ii) consulting fees, advisory fees or similar fees to Sponsors or any of their Affiliates permitted by the terms of the Consulting Agreement and rendered in connection with any Permitted Acquisition or permitted Investment, Equity Issuance, recapitalization, Asset Sale or Indebtedness permitted under Article VI, | ||
(i) | costs, fees, expenses and charges made related to any Permitted Acquisition, any Investment permitted under Sections 6.04(e) and (t), any Equity Issuance made to unrelated third parties through the capital markets, any Asset Sale to an unrelated third party or any Indebtedness issued to an unrelated third party, including, without limitation, one-time compensation charges, stay bonuses paid to existing management and severance costs; provided that all such costs, fees, expenses and charges under this clause (i) shall not exceed $1.5 million per fiscal year of Borrower, | ||
(j) | [Reserved] | ||
(k) | expenses incurred to the extent reimbursed by third parties pursuant to indemnification provisions, | ||
(l) | any non-cash charges outside the ordinary course of business that result in an accrual of a reserve for cash charges in any future period, | ||
(m) | pro forma adjustment for estimated lost contribution margin from the suspension of over-the counter business (OTC) shipments (a portion of which adjustment shall consist of an add-back for unallocated overhead expense) for the fiscal quarters ending June 30, 2007 and September 29, 2007 and December 29, 2007 in the amounts of $16.4 million, $18.8 million, $2.5 million, respectively, for each such quarter, |
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(n) | fees, costs, expenses and charges in connection with Borrowers 483 Response and Remediation Plan, including consulting, legal, product testing, recruiting and relocation costs, to the extent incurred, accrued or recognized during the fiscal quarters ending March 31, 2007, June 30, 2007, September 29, 2007 and December 29, 2007; provided that all such fees, costs, expenses and charges added back under this clause shall not exceed $12.0 million in the aggregate, | ||
(o) | fees, costs, expenses and charges relating to the OTC product recall initiated on April 26, 2007, to the extent incurred, accrued or recognized during the fiscal quarters ending March 31, 2007 and June 30, 2007; provided that all such fees, costs, expenses and charges added back under this clause (o) shall not exceed $4.0 million in the aggregate, | ||
(p) | legal fees, costs and expenses incurred or accrued in connection with Borrowers dispute with Dr. Reddy Laboratories for any period, commencing with the fiscal quarter ending June 30, 2007 and ending with the fiscal quarter ending March 29, 2008; provided that all such fees, costs and expenses added back under this clause (p) shall not exceed $2.0 million in the aggregate, | ||
(q) | write-off or write-down of, or reserve against, OTC inventory as a result of the suspension of OTC shipments, to the extent such write-off, write-down or reserve is recorded during any fiscal quarter ending on or after March 31, 2007; provided that the amount of the write-offs, write-downs or reserves added back under this clause (q) shall not exceed $35.0 million in the aggregate, | ||
(r) | severance, re-training, counseling and support, people and equipment relocation costs and other related expenses arising from the Companys cost reduction program, including the consolidation of its Fort Mill manufacturing and packaging operations (the Fort Mill Consolidation) to the extent incurred, accrued or recognized during the fiscal quarters ending June 30, 2007, |
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September 29, 2007 and December 29, 2007; provided that all such costs and expenses added back under this clause (r) shall not exceed $17.5 million in the aggregate, |
(s) | non-cash charges relating to the write-down of tangible and intangible assets as a result of the Fort Mill Consolidation to the extent incurred, accrued or recognized during the fiscal quarters ending March 31, 2007, June 30, 2007 and September 29, 2007, | ||
(t) | accruals for Fort Mill facility lease-related costs and expenses, including rents, taxes, insurance, real estate brokerage fees and/or other sublease or disposition costs, for any period, commencing with the four fiscal quarter period ending June 30, 2007; provided that all such costs and expenses added back under this clause (t) shall not exceed $11.0 million in the aggregate, | ||
(u) | fees, costs and expenses relating to potential acquisitions, to the extent such fees, costs and expenses were incurred, accrued or recognized during the fiscal quarter ending March 31, 2007 or June 30, 2007; provided that all such fees, costs and expenses added back under this clause (u) shall not exceed $2.0 million in the aggregate, | ||
(v) | fees, costs and expenses in connection the Second Amendment, including amendment fees and fees, costs and expenses of professionals, in each case to the extent such fees, costs and expenses were incurred, accrued or recognized during the fiscal quarters ending June 30, 2007, September 29, 2007 and December 29, 2007; provided that all such fees, costs and expenses of professionals retained by Borrower and added back under this clause (v) shall not exceed $250,000 in the aggregate, and |
(y)subtracting therefrom (a) the aggregate amount of all non-cash items increasing Consolidated Net Income (other than the accrual of revenue or recording of receivables in the ordinary course of business) for such period and (b) the reversal of any reserve or the payment of any amount that was reserved, in each case, as described in clause (l) above. |
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Other than for purposes of calculating Excess Cash Flow, Consolidated EBITDA shall be calculated on a Pro Forma Basis to give effect to any Permitted Acquisition and Asset Sales (other than any dispositions in the ordinary course of business) consummated at any time on or after the first day of the Test Period thereof as if each such Permitted Acquisition had been effected on the first day of such period and as if each such Asset Sale had been consummated on the day prior to the first day of such period. | |||
(3) | the definition of Excluded Issuance is hereby amended by replacing Holdings with LHP Holdings. |
(4) | the definition of Excess Cash Flow is hereby amended by deleting clause (k) of such definition in its entirety and replacing it with the following: | ||
(k) amounts added back to Consolidated EBITDA in clauses (e), (g), (h), (i), (j) and (t) of the definitions thereof, to the extent paid in cash during such Excess Cash Flow Period; | |||
(5) | the following definitions shall be inserted in the appropriate alphabetical order: | ||
OTC Events shall have the meaning set forth in the definition of 483 Response and Remediation Plan. | |||
Qualifying Liquidity Investment shall mean an investment in LHP Holdings in the form of (a) equity securities containing terms no less favorable to the Lenders than the Preferred Stock constituting part of the Equity Financing, except for such more favorable terms as are permitted by Section 6.08(g), (b) unsecured Subordinated Indebtedness having a final maturity date on or after the date that is 91 days after the Tranche B Maturity Date and having a weighted average life to maturity no shorter than that of the Tranche B Loans, or (c) any combination of the investments described in clauses (b) and (c). | |||
Repricing Transaction shall mean the refinancing or repricing by Borrower of the Term Loans under this Agreement (x) with the proceeds of any senior secured bank loan or other similar type of debt financing (including, without limitation, any new or additional term loans under this Agreement) or (y) in |
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connection with any amendment to this Agreement, in either case, resulting in an interest rate margin or weighted average yield (to be determined by the Administrative Agent consistent with generally accepted financial practice after giving effect to, among other factors, margins, upfront or similar fees or original issue discount shared with all lenders or holders thereof, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders or holders thereof) on such financing or the Term Loans as so repriced that is less than the Applicable Margin for, or weighted average yield (to be determined by the Administrative Agent on the same basis) of the Term Loans immediately prior to such refinancing or repricing; provided that Repricing Transaction shall not include (i) any refinancing or repricing of all (and not less than all) of the Term Loans in connection with a transaction constituting a Change of Control or (ii) any such refinancing or repricing occurring in connection with the consummation of any acquisition of all or any portion of the assets of, or all of the Equity Interests in, a Person or division or line of business of a Person by Borrower or any Guarantor. |
Second Amendment Effective Date shall have the meaning assigned to such term in the Amendment No. 2 and Waiver to this Agreement, dated as of June 22, 2007. | |||
483 Response and Remediation Plan shall mean any actions undertaken related to, in connection with, or resulting from, the observations made by the Food and Drug Administration on form 483 received by Borrower on March 16, 2007 (including the events described in Borrowers filing on Form 8-K filed with the Securities and Exchange Commission on March 22, 2007) and the events disclosed in the Form 8-K filed with the Securities and Exchange Commission on April 27, 2007 (including, without limitation, the dispute with Dr. Reddy Laboratories) (such events, and events in connection with, or resulting therefrom, collectively, the OTC Events). |
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Test Period | Total Leverage Ratio | |
June 30, 2007 | 6.15 to 1.0 | |
September 29, 2007 | 6.15 to 1.0 | |
December 29, 2007 | 6.15 to 1.0 | |
March 29, 2008 | 6.15 to 1.0 | |
June 28, 2008 | 6.10 to 1.0 | |
September 27, 2008 | 6.10 to 1.0 | |
December 27, 2008 | 6.00 to 1.0 | |
March 28, 2009 | 5.75 to 1.0 | |
June 28, 2009 | 5.75 to 1.0 | |
September 27, 2009 | 5.50 to 1.0 | |
December 27, 2009 | 5.50 to 1.0 | |
March 28, 2010 | 5.25 to 1.0 | |
June 28, 2010 | 5.00 to 1.0 | |
Any Test Period Thereafter | 4.75 to 1.0 |
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Minimum | ||
Consolidated Interest | ||
Test Period | Coverage Ratio | |
June 30, 2007 | 1.60 to 1.0 | |
September 29, 2007 | 1.60 to 1.0 | |
December 29, 2007 | 1.60 to 1.0 | |
March 29, 2008 | 1.60 to 1.0 | |
June 28, 2008 | 1.60 to 1.0 | |
September 27, 2008 | 1.60 to 1.0 | |
December 27, 2008 | 1.60 to 1.0 | |
March 28, 2009 | 1.65 to 1.0 | |
June 28, 2009 | 1.70 to 1.0 | |
September 27, 2009 | 1.75 to 1.0 | |
December 27, 2009 | 1.80 to 1.0 | |
March 28, 2010 | 1.90 to 1.0 | |
June 28, 2010 | 2.00 to 1.0 | |
Any Test Period Thereafter | 2.15 to 1.0 |
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LEINER HEALTH PRODUCTS INC. | ||||
By: | /s/ Robert K. Reynolds | |||
Name: | Robert K. Reynolds | |||
Title: | President & COO | |||
LHP HOLDING CORP. | ||||
By: | /s/ Robert K. Reynolds | |||
Name: | Robert K. Reynolds | |||
Title: | President & COO | |||
LEINER HEALTH PRODUCTS, LLC | ||||
By: | /s/ Robert K. Reynolds | |||
Name: | Robert K. Reynolds | |||
Title: | President & COO | |||
LEINER HEALTH SERVICES CORP. | ||||
By: | /s/ Robert K. Reynolds | |||
Name: | Robert K. Reynolds | |||
Title: | President & COO | |||
[ ] |
By: | /s/ Robert K. Reynolds | |||
Name: | Robert K. Reynolds | |||
Title: | President & COO |
UBS AG, STAMFORD BRANCH, as Administrative Agent | ||||
By: | /s/ Richard L. Tavrow | |||
Name: | Richard L. Tavrow | |||
Title: | Director |
By: | /s/ Iria R. Otsa | |||
Name: | Iria R. Otsa | |||
Title: | Associate Director |
NAVIGATOR CDO 2003, LTD., as a Lender | ||||||||
By: | Antares Asset Management Inc., as Collateral Manager | |||||||
By: Name: | /s/ Kathleen Brooks | |||||||
Title: | Authorized Signatory |
NAVIGATOR CDO 2004, LTD., as a Lender | ||||||||
By: | Antares Asset Management Inc., as Collateral Manager | |||||||
By: Name: | /s/ Kathleen Brooks | |||||||
Title: | Authorized Signatory |
NAVIGATOR CDO 2005, LTD., as a Lender | ||||||||
By: | Antares Asset Management Inc., as Collateral Manager | |||||||
By: Name: | /s/ Kathleen Brooks | |||||||
Title: | Authorized Signatory |
ANTARES FUNDING, L.P., as a Lender | ||||||||
By: | The Bank of New York Trust Company, N.A., as Trustee of the Antares Funding Trust created under the Trust Agreement dated as of November 30, 1999 | |||||||
By: Name: | /s/ Leslie Hundley | |||||||
Title: | AVP |
Galaxy CLO 2003-1, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Galaxy III CLO, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Galaxy IV CLO, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Galaxy V CLO, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Galaxy VII CLO, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
SunAmerica Life Insurance Company | ||||||
By: AIG Global Investment Corp., | ||||||
Its Investment Adviser, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
SunAmerica Senior Floating Rate Fund | ||||||
By: AIG Global Investment Corp., | ||||||
Investment Sub-Adviser, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
AIG Bank Loan Fund | ||||||
By: AIG Global Investment Corp., | ||||||
Its Investment Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Saturn CLO, Ltd. | ||||||
By: AIG Global Investment Corp., | ||||||
Its Collateral Manager, as Lender | ||||||
By: | /s/ W. Jeffrey Baxter | |||||
Title: Managing Director |
Landmark IV CLO Limited | ||||||
By Aladdin Capital Management, LLC, as Manager | ||||||
By: | /s/ Thomas E. Bancroft | |||||
Title: Designated Signatory |
NORTHWOODS CAPITAL IV, LIMITED | ||||||||
BY: ANGELO, GORDON & CO., L.P., | ||||||||
AS COLLATERAL MANAGER, | ||||||||
as Lender | ||||||||
By: | /s/ Bradley Pattelli | |||||||
Name: | BRADLEY PATTELLI | |||||||
Title | MANAGING DIRECTOR |
NORTHWOODS CAPITAL V, LIMITED | ||||||||
BY: ANGELO, GORDON & CO., L.P., | ||||||||
AS COLLATERAL MANAGER, | ||||||||
as Lender | ||||||||
By: | /s/ Bradley Pattelli | |||||||
Name: | BRADLEY PATTELLI | |||||||
Title | MANAGING DIRECTOR |
NORTHWOODS CAPITAL VI, LIMITED | ||||||||
BY: ANGELO, GORDON & CO., L.P., | ||||||||
AS COLLATERAL MANAGER, | ||||||||
as Lender | ||||||||
By: | /s/ Bradley Pattelli | |||||||
Name: | BRADLEY PATTELLI | |||||||
Title | MANAGING DIRECTOR |
NORTHWOODS CAPITAL VII, LIMITED | ||||||||
BY: ANGELO, GORDON & CO., L.P., | ||||||||
AS COLLATERAL MANAGER, | ||||||||
as Lender | ||||||||
By: | /s/ Bradley Pattelli | |||||||
Name: | BRADLEY PATTELLI | |||||||
Title | MANAGING DIRECTOR |
NORTHWOODS CAPITAL VIII, LIMITED | ||||||||
BY: ANGELO, GORDON & CO., L.P., | ||||||||
AS COLLATERAL MANAGER, | ||||||||
as Lender | ||||||||
By: | /s/ Bradley Pattelli | |||||||
Name: | BRADLEY PATTELLI | |||||||
Title | MANAGING DIRECTOR |
Silver Oak Capital, L.L.C., | ||||||
as Lender | ||||||
By: | /s/ Thomas M. Fuller | |||||
Name: | Thomas M. Fuller | |||||
Title | Authorized Signatory |
Antares Capital Corporation, as Lender | ||||||
By: | /s/ Mork E. Blankstein | |||||
Name: | Mork E. Blankstein | |||||
Title | Duly Authorized Signatory |
Atlas Loan Funding 1, LLC | ||||||||
By: Atlas Capital Funding, Ltd. | ||||||||
By: Structured Asset Investors, LLC Its Investment Manager | ||||||||
By: | /s/ Diana M. Himes | |||||||
Name: | Diana M. Himes | |||||||
Title | Vice President | |||||||
BILL & MELINDA GATES FOUNDATION TRUST, as Lender | ||||||||
By: Babson Capital Management LLC as Investment Adviser | ||||||||
By: | ||||||||
Name: | ||||||||
Title | ||||||||
MAPLEWOOD (CAYMAN) LIMITED, as Lender | ||||||||
By: Babson Capital Management LLC as Investment Manager | ||||||||
By: | ||||||||
Name: | ||||||||
Title |
BABSON CLO LTD. 2003-I | ||||||||
BABSON CLO LTD. 2004-I | ||||||||
BABSON CLO LTD. 2005-I | ||||||||
BABSON CLO LTD. 2005-II | ||||||||
BABSON CLO LTD. 2005-III | ||||||||
BABSON CLO LTD. 2007-I | ||||||||
BABSON CREDIT STRATEGIES CLO, LTD., | ||||||||
as Lenders | ||||||||
By: Babson Capital Management LLC as | ||||||||
Collateral Manager | ||||||||
By: | /s/ Geoffrey Takacs | |||||||
Name: | GEOFFREY TAKACS | |||||||
Title | Director | |||||||
BILL & MELINDA GATES FOUNDATION TRUST, as Lender | ||||||||
By: Babson Capital Management LLC as Investment Adviser | ||||||||
By: | /s/ Geoffrey Takacs | |||||||
Name: | GEOFFREY TAKACS | |||||||
Title | Director | |||||||
MAPLEWOOD (CAYMAN) LIMITED, as | ||||||||
Lender | ||||||||
By: Babson Capital Management LLC as | ||||||||
Investment Manager | ||||||||
By: | /s/ Geoffrey Takacs | |||||||
Name: | GEOFFREY TAKACS | |||||||
Title | Director |
Trimaran CLO IV Ltd By Trimaran Advisors, L.L.C., as Lender | ||||||||
By: | /s/ David M. Millison | |||||||
Name: | David M. Millison | |||||||
Title: | Managing Director |
By: Callidus Debt Partners CLO Fund I, Ltd. | ||||||||
By: Its Collateral Manager, | ||||||||
Callidus Capital Management, LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Peter Bennitt | |||||||
Name: | Peter Bennitt | |||||||
Title | Principal |
By: Callidus Debt Partners CLO Fund II, Ltd. | ||||||||
By: Its Collateral Manager, | ||||||||
Callidus Capital Management, LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Peter Bennitt | |||||||
Name: | Peter Bennitt | |||||||
Title | Principal |
By: Callidus Debt Partners CLO Fund III, Ltd. | ||||||||
By: Its Collateral Manager, | ||||||||
Callidus Capital Management, LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Peter Bennitt | |||||||
Name: | Peter Bennitt | |||||||
Title | Principal |
By: Callidus Debt Partners CLO Fund IV, Ltd. | ||||||||
By: Its Collateral Manager, | ||||||||
Callidus Capital Management, LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Peter Bennitt | |||||||
Name: | Peter Bennitt | |||||||
Title | Principal |
By: Callidus Debt Partners CLO Fund V, Ltd. | ||||||||
By: Its Collateral Manager, | ||||||||
Callidus Capital Management, LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Peter Bennitt | |||||||
Name: | Peter Bennitt | |||||||
Title | Principal |
ECL Funding LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Richard Newcomb | |||||||
Name: | Richard Newcomb | |||||||
Title: | Attorney-in-fact |
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The Bank of New York (successor to J.P. Morgan Trust Company (Cayman) Limited, as Trustee for TORAJI TRUST, By: Its Investment Manager, Citigroup Alternative Investments LLC, as Lender | ||||||||
By: | /s/ Roger Yee | |||||||
Name: | Roger Yee | |||||||
Title: | VP |
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LMP Corporate Loan Fund, Inc., | ||||||||
By: Citigroup Alternative Investments LLC, | ||||||||
as Lender | ||||||||
By: | /s/ Roger Yee | |||||||
Name: | Roger Yee | |||||||
Title: | VP |
CF Special Situation Fund I LP, | ||||||||
as Lender | ||||||||
By: | /s/ [ILLEGIBLE] | |||||||
Name: | [ELLIGIBLE] | |||||||
Title: | Partner |
Credit Suisse, Cayman Islands Branch | ||||||||
as Lender | ||||||||
By: | /s/ Karl Studer | |||||||
Name: | Karl Studer | |||||||
Title: | Director | |||||||
By: | /s/ Alain Schmid | |||||||
Name: | Alain Schmid | |||||||
Title: | Assistant Vice President |
Flagship CLO III | ||||||
By: Deutsche Investment Management Americas, Inc. | ||||||
(as successor in interest to Deutsche Asset Management, Inc.), | ||||||
As Collateral Manager | ||||||
By: | /s/ Eric S. Meyer | |||||
Eric S. Meyer, Director | ||||||
By: | /s/ Shameem R. Kathiwalla | |||||
Name: Shameem R. Kathiwalla | ||||||
Title: Vice President |
Flagship CLO IV | ||||||
By: Deutsche Investment Management Americas, Inc. | ||||||
(as successor in interest to Deutsche Asset Management, Inc.), | ||||||
As Collateral Manager | ||||||
By: | /s/ Eric S. Meyer | |||||
Eric S. Meyer, Director | ||||||
By: | /s/ Shameem R. Kathiwalla | |||||
Name: Shameem R. Kathiwalla | ||||||
Title: Vice President |
Flagship CLO V | ||||||
By: Deutsche Investment Management Americas, Inc. | ||||||
(as successor in interest to Deutsche Asset Management, Inc.), | ||||||
As Collateral Manager | ||||||
By: | /s/ Eric S. Meyer | |||||
Eric S. Meyer, Director | ||||||
By: | /s/ Shameem R. Kathiwalla | |||||
Name: Shameem R. Kathiwalla | ||||||
Title: Vice President |
Flagship CLO VI | ||||||
By: Deutsche Investment Management Americas, Inc. | ||||||
As Collateral Manager | ||||||
By: | /s/ Eric S. Meyer | |||||
Eric S. Meyer, Director | ||||||
By: | /s/ Shameem R. Kathiwalla | |||||
Name: Shameem R. Kathiwalla | ||||||
Title: Vice President |
Aurum CLO 2002-1 Ltd. | ||||||
By: Deutsche Investment Management Americas, Inc. | ||||||
(as successor in interest to Deutsche Asset Management, Inc.), | ||||||
As Collateral Manager | ||||||
By: | /s/ Eric S. Meyer | |||||
Eric S. Meyer, Director | ||||||
By: | /s/ Shameem R. Kathiwalla | |||||
Name: Shameem R. Kathiwalla | ||||||
Title: Vice President |
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SENIOR DEBT PORTFOLIO | ||||||||
By: | Boston Management and Research | |||||||
as Investment Advisor as Lender | ||||||||
By: | /s/ Michael B. Botthof | |||||||
Name: Michael B. Botthof | ||||||||
Title: Vice President |
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EATON VANCE SENIOR INCOME TRUST | ||||||
BY: | EATON VANCE MANAGEMENT | |||||
AS INVESTMENT ADVISOR as Lender | ||||||
By: | /s/ Michael B. Botthof | |||||
Name: Michael B. Botthof | ||||||
Title: Vice President |
S-3
EATON VANCE INSTITUTIONAL SENIOR LOAN FUND | ||||||
BY: | EATON VANCE MANAGEMENT | |||||
AS INVESTMENT ADVISOR as Lender | ||||||
By: | /s/ Michael B. Botthof | |||||
Name: Michael B. Botthof | ||||||
Title: Vice President |
S-3
Eaton Vance CDO VIII, Ltd. | ||||||
By: | Eaton Vance Management | |||||
As Investment Advisor as Lender | ||||||
By: | /s/ Michael B. Botthof | |||||
Name: Michael B. Botthof | ||||||
Title: Vice President |
S-3
Eaton Vance CDO IX Ltd. | ||||||
By: | Eaton Vance Management | |||||
as Investment Advisor as Lender | ||||||
By: | /s/ Michael B. Botthof | |||||
Name: Michael B. Botthof | ||||||
Title: Vice President |
GRAYSON & CO BY: BOSTON MANAGEMENT AND RESEARCH AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
THE NORINCHUKIN BANK, NEW YORK BRANCH as Lender through State Street Bank and Trust Company N.A. as Fiduciary Custodian By: Eston Vance Management, Attorney-in-fact | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
BIG SKY III SENIOR LOAN TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
EATON VANCE VT FLOATING-RATE INCOME FUND BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
EATON VANCE LIMITED DURATION INCOME FUND BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
EATON VANCE SENIOR FLOATING-RATE TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
S-3
EATON VANCE FLOATING-RATE INCOME TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
Eaton Vance Variable Leverage Fund Ltd. | ||||
By: | Eaton Vance Management | |||
As Investment Advisor | ||||
as Lender | ||||
By: | /s/ Michael B. Botthof | |||
Name: | Michael B. Botthof | |||
Title: | Vice President |
General Electric Capital Corporation, as Lender | ||||
By: | /s/ Mark E. Blankstein | |||
Name: | Mark E. Blankstein | |||
Title: | Duly Authorized Signatory |
General Electric Capital Corporation, as Administrator for, Merritt CLO Holding LLC | ||||
By: | /s/ Dwayne L. Colner | |||
Name: | Dwayne L. Colner | |||
Title: Duly Authorized Signer |
General Electric Capital Corporation, as Administrator for, GE Commercial Loan Holding LLC | ||||
By: | /s/ Dwayne L. Colner | |||
Name: | Dwayne L. Colner | |||
Title: Duly Authorized Signer |
GSCP (NJ), L.P., on behalf of each of the following funds, in its capacity as Collateral Manager: GSC PARTNERS CDO FUND V, LIMITED GSC PARTNERS CDO FUND VI, LIMITED GSC PARTNERS CDO FUND VII, LIMITED GSC GROUP CDO FUND VIII, LIMITED GSC GROUP CDO FUND IX, LIMITED GSC CAPITAL CORP. LOAN FUNDING 2005-1 | ||||
By: | /s/ Seth Katzenstein | |||
Name: | Seth Katzenstein | |||
Title: | Authorized Signatory GSC Group | |||
GSC PARTNERS GEMINI FUND LIMITED By: GSCP (NJ), L.P., as Collateral Monitor By: GSCP (NJ), INC., its General Partners | ||||
By: | /s/ Seth Katzenstein | |||
Name: | Seth Katzenstein | |||
Title: | Authorized Signatory GSC Group | |||
Sands Point Funding Ltd., as Lender | ||||
By: | /s/ Michael Damaso | |||
Name: Michael Damaso | ||||
Title: | Managing Director |
1888 Fund, Ltd., as Lender | ||||
By: | /s/ Michael Damaso | |||
Name: Michael Damaso | ||||
Title: | Managing Director |
Copper River CLO Ltd., as Lender | ||||
By: | /s/ Michael Damaso | |||
Name: Michael Damaso | ||||
Title: | Managing Director |
Green Lane CLO Ltd., as Lender | ||||
By: | /s/ Michael Damaso | |||
Name: Michael Damaso | ||||
Title: | Managing Director |
LFC2 Loan Funding LLC, for itself or as agent for Loan Funding Corp. THC, Ltd., as Lender | ||||
By: | /s/ Richard Newcomb | |||
Name: | Richard Newcomb | |||
Title: | Attorney-in-face |
Loan Funding IV LLC By: Highland Capital Management, L.P., As Collateral Manager By: Strand Advisors, Inc., Its General Partner, as Lender | ||||
By: | /s/ Brian Lohnding | |||
Name: | Brian Lohnding, Treasurer | |||
Title: | Strand Advisors, Inc., General Partner of Highland Capital Management, L.P. |
Loan Funding VII LLC By: Highland Capital Management, L.P., As Collateral Manager By: Strand Advisors, Inc., Its General Partner, as Lender | ||||
By: | /s/ Brian Lohnding | |||
Name: | Brian Lohnding, Treasurer | |||
Title: | Strand Advisors, Inc., General Partner of Highland Capital Management, L.P. |
Morgan Stanley Senior Funding, Inc., as Lender | ||||
By: | /s/ [ILLEGIBLE] | |||
Name: | [ILLEGIBLE] | |||
Title: | VP |
PAGE 2 OF 2
Post Leveraged Loan Master Fund, LP By: Post Leveraged Loan Group, LLC Its General Partner By: Post Advisory Group, LLC Its Sole Member | ||||
/s/ Lawrence A. Post | ||||
Lawrence A. Post | ||||
President, Chief Executive Officer and Chief Investment Officer | ||||
UBS AG, Stamford Branch, as Lender | ||||
By: | /s/ Douglas Garvolino | |||
Name: | Douglas Garvolino | |||
Title: | Director Banking Products Services, US |
By: | /s/ Toba Lumbantobing | |||
Name: | Toba Lumbantobing | |||
Title: | Associate Director Banking Products Services, US |
Riviera Funding LLC, as Lender | ||||
By: | /s/ Tara E. Kenny | |||
Name: | Tara E. Kenny | |||
Title: | Assistant Vice President |
Western Asset Floating Rate High Income Fund, LLC, as Lender | ||||
By: | /s/ Kelly Olsen | |||
Name: | Kelly Olsen | |||
Title: | Authorized Signatory |
ENDURANCE CLO I, LTD. BY: West Gate Horizons Advisors, LLC As Portfolio Manager | ||||
By: | /s/ Helen Y. Rhee | |||
Name: | Helen Y. Rhee | |||
Title: | Senior Credit Analyst | |||
ARCHIMEDES FUNDING III, LTD BY: West Gate Horizons Advisors, LLC As Collateral Manager | ||||
By: | /s/ Helen Y. Rhee | |||
Name: | Helen Y. Rhee | |||
Title: | Senior Credit Analyst | |||
ARCHIMEDES FUNDING IV (CAYMAN), LTD. BY: West Gate Horizons Advisors, LLC As Collateral Manager | ||||
By: | /s/ Helen Y. Rhee | |||
Name: | Helen Y. Rhee | |||
Title: | Senior Credit Analyst |
WhiteHorse I, Ltd. By: WhiteHorse Capital Partners, L.P. As Collateral Manager, as Lender | ||||
By: | /s/ Jarred Worley | |||
Name: | Jarred Worley | |||
Title: | Partner |
WhiteHorse II, Ltd. By: WhiteHorse Capital Partners, L.P. As Collateral Manager, as Lender | ||||
By: | /s/ Jarred Worley | |||
Name: | Jarred Worley | |||
Title: | Partner | |||