THIRD AMENDMENT TO CREDIT AGREEMENT

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 c73523exv10w1.htm EXHIBIT 10.1 Filed by Bowne Pure Compliance
EXHIBIT 10.1
THIRD AMENDMENT TO CREDIT AGREEMENT
THIS THIRD AMENDMENT TO CREDIT AGREEMENT dated as of May 22, 2008 (this “Amendment”) is entered into among MedAssets, Inc., a Delaware corporation (the “Borrower”), the Guarantors, the Lenders party hereto and Bank of America, N.A., as Administrative Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below).
RECITALS
WHEREAS the Borrower, the Guarantors, the Lenders and Bank of America, N.A., in its capacity as Administrative Agent, Swing Line Lender and L/C Issuer, entered into that certain Credit Agreement dated as of October 23, 2006 (as amended or modified from time to time, the “Credit Agreement”); and
WHEREAS the Borrower has requested that the Lenders consent to the Borrower’s purchase of the outstanding capital stock of Accuro Healthcare Solutions, Inc. and make other amendments to the Credit Agreement as set forth below;
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Amendments to Credit Agreement. The Credit Agreement is hereby amended as follows:
(a) The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order and shall read as follows:
Accuro” means Accuro Healthcare Solutions, Inc., a Delaware corporation.
Accuro Acquisition” means the Acquisition by the Borrower of all of the Equity Interests of Accuro; provided that the Borrower shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating that, upon giving effect to such Acquisition on a Pro Forma Basis, the Loan Parties would be in compliance with the financial covenants set forth in Section 8.11 as of the most recent fiscal quarter for which the Borrower was required to deliver financial statements pursuant to Section 7.01(a) or (b). The parties hereto acknowledge and agree that the $20,000,000 deferred payment (the “Deferred Payment”) required to be paid by the Borrower in connection with the Accuro Acquisition on a date no sooner than one year from the date of consummation of the Accuro Acquisition may be paid by the Borrower and considered part of the consideration for the Accuro Acquisition provided, that, if the Borrower elects to pay the Deferred Payment with immediately available funds, the Borrower shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating that, upon giving effect to such Deferred Payment on a Pro Forma Basis, the Loan Parties would be in compliance with the financial covenants set forth in Section 8.11 as of the most recent fiscal quarter for which the Borrower was required to deliver financial statements pursuant to Section 7.01(a) or (b).

 

 


 

Deferred Payment” has the meaning specified in the definition of “Accuro Acquisition”.
Third Amendment Effective Date” means the first date on which the conditions precedent set forth in Section 2 are satisfied.
(b) The following definitions in Section 1.01 of the Credit Agreement are hereby amended to read as follows:
Aggregate Revolving Commitment” means the Revolving Commitments of all the Lenders. The aggregate principal amount of the Aggregate Revolving Commitments in effect on the Third Amendment Effective Date is ONE HUNDRED TWENTY FIVE MILLION DOLLARS ($125,000,000).
Applicable Rate” means (a) with respect to the Incremental Term Loan, the percentage(s) per annum set forth in the Incremental Term Loan Lender Joinder Agreement, (b) with respect to Revolving Loans, Swing Line Loans, Letters of Credit and the Commitment Fee, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.02(b):
                                     
Pricing   Consolidated   Commitment     Letter of     Eurodollar     Base Rate  
Tier   Leverage Ratio   Fee     Credit Fee     Loans     Loans  
1
  > 3.5:1.0     0.50 %     3.50 %     3.50 %     2.50 %
2
  > 3.0:1.0 but <                                
 
  3.5:1.0     0.375 %     3.25 %     3.25 %     2.25 %
3
  > 2.5:1.0 but <                                
 
  3.0:1.0     0.375 %     2.75 %     2.75 %     1.75 %
4
  > 2.0:1.0 but <                                
 
  2.5:1.0     0.30 %     2.50 %     2.50 %     1.50 %
5
  < 2.0:1.0     0.25 %     2.25 %     2.25 %     1.25 %
and (c) with respect to the Term Loan, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.02(b):
                     
Pricing   Consolidated   Eurodollar     Base Rate  
Tier   Leverage Ratio   Loans     Loans  
1
  > 3.0:1.0     4.00 %     3.00 %
2
  < 3.0:1.0     3.75 %     2.75 %

 

2


 

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then applicable Pricing Tier 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business Day immediately following the date a Compliance Certificate is delivered in accordance with Section 7.02(b), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate. The Applicable Rate in effect from the Third Amendment Effective Date through the first Business Day immediately following the date a Compliance Certificate is required to be delivered pursuant to Section 7.02(b) for the fiscal quarter ending September 30, 2008 shall be determined based upon the applicable Pricing Tier 1.
Term Loan” has the meaning specified in Section 2.01(b). For the avoidance of doubt, it is understood and agreed that the Term Loan consists of the term loan advance made by the Lenders on the Closing Date, the term loan advance made by the Lenders on the Second Amendment Effective Date and the term loan advance made by the Lenders on the Third Amendment Effective Date.
Term Loan Commitment” means, as to each Lender, its obligation to make its portion of the Term Loan to the Borrower pursuant to Section 2.01(b). The aggregate principal amount of the Term Loan Commitments to be funded on the Third Amendment Effective Date is FIFTY MILLION DOLLARS ($50,000,000). Such Term Loan Commitments to be funded on the Third Amendment Effective Date are set forth on Addendum II to Schedule 2.01.
(c) Clause (c)(vii) in the definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended to add the following new clauses (C), (D) and (E)after clause (B) at the end thereof:
(C)(i) all one-time cash charges of Accuro in any period prior to March 31, 2008 so long as such one-time cash charges added back to Consolidated Net Income do not exceed $3,000,000 in the aggregate, (ii) all non-cash charges related to the Accuro Acquisition (including any charges in connection with discounted deferred revenue, in-process research and development, write-downs or write-offs of software development costs and write-downs or write-offs of intangible assets) during such period, in each case, that do not represent a cash item in such period or any future period and (iii) all integration, severance and other one-time cash charges related to the Accuro Acquisition so long as such one-time cash charges related to the Accuro Acquisition do not exceed $5,000,000 in the aggregate during such period,

 

3


 

(D) cash charges during such period resulting from the termination of the Borrower’s interest rate Swap Contracts in existence on the Third Amendment Effective Date and (E)(i) for the period ending September 30, 2008 up to $7,500,000 of the costs that would have been saved if the Accuro Acquisition had occurred as of the first day of such period due to synergies with Accuro, (ii) for the period ending December 31, 2008, an amount equal to 75% of the amount added back to Consolidated Net Income pursuant to clause (E)(i) above, (iii) for the period ending March 31, 2009, an amount equal to 50% of the amount added back to Consolidated Net Income pursuant to clause (E)(i) above and (iv) for the period ending June 30, 2009, an amount equal to 25% of the amount added back to Consolidated Net Income pursuant to clause (E)(i) above,
(d) The following sentence is hereby added at the end of the definition of “Funded Indebtedness” in Section 1.01 of the Credit Agreement to read as follows:
It is understood and agreed that the Deferred Payment shall not be considered Funded Indebtedness.
(e) A new sentence is hereby added at the end of the definition of “Permitted Acquisition” in Section 1.01 of the Credit Agreement to read as follows:
Notwithstanding the foregoing, the Accuro Acquisition shall be considered a Permitted Acquisition for all purposes of this Agreement; provided, however, the consideration paid for the Accuro Acquisition shall not count toward the baskets for Permitted Acquisitions contained in subclause (ix) above.
(f) Section 2.01(b) of the Credit Agreement is hereby amended to read as follows:
(b) Term Loan. On the Closing Date and the Second Amendment Effective Date, the Lenders advanced term loans (collectively, the “Term Loan”) to the Borrower in Dollars in an aggregate principal amount of THREE HUNDRED TWENTY MILLION DOLLARS ($320,000,000). Immediately prior to the Third Amendment Effective Date, the principal balance of the Term Loan was ONE HUNDRED NINETY-SEVEN MILLION FORTY-NINE THOUSAND EIGHT HUNDRED FIFTY-TWO DOLLARS ($197,049,852.00). On the Third Amendment Effective Date, an additional FIFTY MILLION DOLLARS ($50,000,000) under the Term Loan is being advanced hereunder, such that after giving effect thereto, the aggregate principal amount of the Term Loan on the Third Amendment Effective Date will be TWO HUNDRED FORTY-SEVEN MILLION FORTY-NINE THOUSAND EIGHT HUNDRED FIFTY-TWO DOLLARS ($247,049,852.00). On the Third Amendment Effective Date, each Lender with an existing Term Loan Commitment (as indicated on Addendum II to Schedule 2.01) on the Third Amendment Effective Date severally agrees to make its portion of such third advance of the Term Loan to the Borrower in Dollars on the Third Amendment Effective Date in an amount not to exceed such Lender’s Term Loan Commitment. Amounts repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

 

4


 

(g) Section 2.07(c) of the Credit Agreement is hereby amended to read as follows:
(e) Term Loan. The Borrower shall repay the outstanding principal amount of the Term Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02:
     
Payment Dates   Principal Amortization Payment
     
June 30, 2008   $624,700.34
September 30, 2008   $624,700.34
December 31, 2008   $624,700.34
March 31, 2009   $624,700.34
June 30, 2009   $624,700.34
September 30, 2009   $624,700.34
December 31, 2009   $624,700.34
March 31, 2010   $624,700.34
June 30, 2010   $624,700.34
September 30, 2010   $624,700.34
December 31, 2010   $624,700.34
March 31, 2011   $624,700.34
June 30, 2011   $624,700.34
September 30, 2011   $624,700.34
December 31, 2011   $624,700.34
March 31, 2012   $624,700.34
June 30, 2012   $624,700.34
September 30, 2012   $624,700.34
December 31, 2012   $624,700.34
March 31, 2013   $624,700.34
June 30, 2013   $624,700.34
September 30, 2013   $624,700.34
Term Loan Maturity Date   Outstanding Principal Balance of Term Loan
(h) A new sentence is hereby added at the end of Section 7.11 of the Credit Agreement to read as follows:
For the avoidance of doubt, the proceeds of the Credit Extensions shall also be permitted to finance the Accuro Acquisition.

 

5


 

(i) Section 8.02 of the Credit Agreement is hereby amended by deleting the period at the end thereof and replacing it with the following text “; and” and by adding a new Section 8.02(n) at the end thereof which shall read as follows:
(n) Investments of the Loan Parties consisting of purchases of accounts receivable from customers in an aggregate amount not to exceed $30,000,000 at any time outstanding.
(j) The Revolving Commitments identified on Schedule 2.01 of the Credit Agreement are hereby amended to read as provided on Schedule 2.01 attached hereto, and an Addendum II is hereby added to Schedule 2.01 of the Credit Agreement and shall read as provided on Addendum II attached hereto.
2. Conditions Precedent. This Amendment shall be effective upon satisfaction of the following conditions precedent:
(a) Receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Borrower, the Guarantors, the Required Lenders, Lenders holding a majority of the Revolving Commitments and Bank of America, N.A., as Administrative Agent;
(b) Receipt by the Administrative Agent of a certificate of a Responsible Officer of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, (i) certifying that the Organizational Documents of each Loan Party delivered on the Closing Date have not been amended, supplemented or otherwise modified since the Closing Date except as otherwise disclosed to the Administrative Agent directly, and remain in full force and effect as of the Third Amendment Effective Date and (ii) attaching resolutions of each Loan Party approving and adopting this Amendment, the transactions contemplated herein and authorizing the execution and delivery of this Amendment and any documents, agreements or certificates related thereto and certifying that such resolutions have not been amended, supplemented or otherwise modified and remain in full force and effect as of the Third Amendment Effective Date and are the only resolutions of such Loan Party relating to this Amendment.
(c) Receipt by the Administrative Agent of favorable opinions of legal counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, dated as of the Third Amendment Effective Date, in form and substance satisfactory to the Administrative Agent.
(d) Receipt by the Administrative Agent of satisfactory evidence that the Borrower’s acquisition of all of the Equity Interests of Accuro Healthcare Solutions, Inc. will be consummated simultaneously with the funding of the Term Loan on the Third Amendment Effective Date.
(e) Receipt by the Administrative Agent and the Lenders of all fees due and payable to the Administrative Agent and the Lenders in connection with this Amendment.

 

6


 

3. Miscellaneous.
(a) The Credit Agreement, and the obligations of the Loan Parties thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall remain in full force and effect according to their terms.
(b) Each Guarantor (i) acknowledges and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its obligations under the Loan Documents and (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents.
(c) Each Loan Party hereby represents and warrants as follows:
(i) Each Loan Party has taken all necessary action to authorize the execution, delivery and performance of this Amendment.
(ii) This Amendment has been duly executed and delivered by the Loan Parties and constitutes each of the Loan Parties’ legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
(iii) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Loan Party of this Amendment.
(d) The Loan Parties represent and warrant to the Lenders that (i) the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in each other Loan Document are true and correct in all material respects as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default.
(e) This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Amendment by telecopy shall be effective as an original and shall constitute a representation that an executed original shall be delivered.
(f) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

7


 

(g) Upon execution of this Amendment by the Required Lenders and the Lenders holding a majority of the Revolving Commitments, this Amendment supersedes and replaces that certain Third Amendment to Credit Agreement dated as of May 9, 2008 entered into among the Borrower, the Guarantors, the Lenders party thereto and Bank of America, N.A., as Administrative Agent, and such prior Third Amendment is now null and void.
[remainder of page intentionally left blank]

 

8


 

Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.
             
BORROWER:   MEDASSETS, INC.,    
    a Delaware corporation    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Executive Vice President    
 
      Chief Legal and Administrative Officer    
 
           
GUARANTORS:   ASPEN HEALTHCARE METRICS LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Vice President and Secretary    
 
           
    MEDASSETS ANALYTICAL SYSTEMS, LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Vice President and Secretary    
 
           
    AVEGA HEALTH SYSTEMS, LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Vice President and Secretary    

 

 


 

             
    MEDASSETS NET REVENUE SYSTEMS, LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Secretary    
 
           
    MEDASSETS SUPPLY CHAIN SYSTEMS, LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Executive Vice President and Secretary    
 
           
    RADIOLOGY PARTNERS LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Secretary    
 
           
    DOMINIC & IRVINE, LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Secretary    
 
           
    MEDASSETS FINANCIAL SERVICES LLC,    
    a Delaware limited liability company    
 
           
 
  By:
Name:
  /s/ Jonathan H. Glenn
 
Jonathan H. Glenn
   
 
  Title:   Secretary    

 

 


 

             
ADMINISTRATIVE AGENT:   BANK OF AMERICA, N.A.,    
  as Administrative Agent    
 
           
 
  By:
Name:
  /s/ Anne M. Zeschke
 
Anne M. Zeschke
   
 
  Title:   Assistant Vice President    
 
           
LENDERS:   BANK OF AMERICA, N.A.,    
    as a Lender, Swing Line Lender and L/C Issuer    
 
           
 
  By:
Name:
  /s/ R. Shawn Janko
 
R. Shawn Janko
   
 
  Title:   Senior Vice President    
 
           
    RIVERSIDE PARK CLO LTD.    
    By: GSO Debt Funds Management LLC    
    as Collateral Manager    
 
           
 
  By:
Name:
  /s/ Dean T. Criares
 
Dean T. Criares
   
 
  Title:   Senior Managing Director    
 
           
    FM Leveraged Capital Fund II    
    By: GSO Debt Funds Management LLC as    
    Subadviser to FriedbergMilstein LLC    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    Gail Force 1 CLO, Ltd.    
    By: GSO Debt Funds Management LLC as    
    Collateral Manager    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    Gail Force 2 CLO, Ltd.    
    By: GSO Debt Funds Management LLC as    
    Collateral Manager    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    

 

 


 

             
    Gail Force 3 CLO, Ltd.    
    By: GSO Debt Funds Management LLC as    
    Collateral Manager    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    Gail Force 4 CLO, Ltd.    
    By: GSO Debt Funds Management LLC as    
    Collateral Manager    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    HUDSON STRAITS CLO 2004, LTD.    
    By: GSO Debt Funds Management LLC as    
    Collateral Manager    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    Sun Life Assurance Company of Canada (US)    
    By: GSO CP Holdings LP as Sub-Advisor    
 
           
 
  By:
Name:
  /s/ Sanjai Bhonsle
 
Sanjai Bhonsle
   
 
  Title:   Authorized Signatory    
 
           
    Denali Capital LLC, managing member of    
    DC Funding Partners LLC, portfolio manager for    
    DENALI CAPITAL CLO IV, LTD., or an affiliate    
 
           
 
  By:
Name:
  /s/ Kelli C. Marti
 
Kelli C. Marti
   
 
  Title:   Senior Vice President    

 

 


 

             
    Denali Capital LLC, managing member of    
    DC Funding Partners LLC, portfolio manager for    
    DENALI CAPITAL CLO VI, LTD., or an affiliate    
 
           
 
  By:
Name:
  /s/ Kelli C. Marti
 
Kelli C. Marti
   
 
  Title:   Senior Vice President    
 
           
    Denali Capital LLC, managing member of    
    DC Funding Partners LLC, portfolio manager for    
    DENALI CAPITAL CLO VII, LTD., or an affiliate    
 
           
 
  By:
Name:
  /s/ Kelli C. Marti
 
Kelli C. Marti
   
 
  Title:   Senior Vice President    
 
           
    Denali Capital LLC, managing member of    
    DC Funding Partners LLC, portfolio manager for    
    DENALI CAPITAL CREDIT OPPORTUNITY    
    FUND FINANCING, LTD., or an affiliate    
 
           
 
  By:
Name:
  /s/ Kelli C. Marti
 
Kelli C. Marti
   
 
  Title:   Senior Vice President    
 
           
    LIGHTPOINT CLO III, LTD    
    LIGHTPOINT CLO IV, LTD    
    LIGHTPOINT CLO VII, LTD    
    LIGHTPOINT CLO VIII, LTD    
 
           
 
  By:
Name:
  /s/ Timothy S. Van Kirk
 
Timothy S. Van Kirk
   
 
  Title:   Managing Director    
 
           
    Stanfield Daytona CLO, Ltd    
    By: Stanfield Capital Partners, LLC    
    as its Collateral Manager    
 
           
 
  By:
Name:
  /s/ Stephen M. Alfieri
 
Stephen M. Alfieri
   
 
  Title:   Managing Partner    

 

 


 

             
    Stanfield Arnage CLO, Ltd
By: Stanfield Capital Partners, LLC
as its Collateral Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    
 
           
    Stanfield Modena CLO, Ltd
By: Stanfield Capital Partners, LLC
as its Asset Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    
 
           
    Stanfield AZURE CLO, Ltd.
By: Stanfield Capital Partners, LLC
as its Collateral Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    
 
           
    Stanfield Bristol CLO, Ltd.
By: Stanfield Capital Partners, LLC
as its Collateral Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    
 
           
    Stanfield Carrera CLO, Ltd.
By: Stanfield Capital Partners, LLC
as its Asset Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    
 
           
    Stanfield Vantage CLO, Ltd
By: Stanfield Capital Partners, LLC
as its Asset Manager
   
 
           
 
  By:   /s/ Stephen M. Alfieri    
 
           
 
  Name:   Stephen M. Alfieri    
 
  Title:   Managing Partner    

 


 

             
    Stanfield Veyron CLO, Ltd    
 
  By: Stanfield Capital Partners, LLC    
    as its Collateral Manager    
 
           
 
  By:
Name:
  /s/ Stephen M. Alfieri
 
Stephen M. Alfieri
   
 
  Title:   Managing Partner    
 
           
    Eagle Loan Trust    
 
  By: Stanfield Capital Partners, LLC    
    as its Collateral Manager    
 
           
 
  By:
Name:
  /s/ Stephen M. Alfieri
 
Stephen M. Alfieri
   
 
  Title:   Managing Partner    
 
           
    Stanfield McLaren CLO, Ltd.    
 
  By: Stanfield Capital Partners, LLC    
    as its Collateral Manager    
 
           
 
  By:
Name:
  /s/ Stephen M. Alfieri
 
Stephen M. Alfieri
   
 
  Title:   Managing Partner    
 
           
    XL Re Europe Limited    
 
  By: Stanfield Capital Partners, LLC    
    as its Collateral Manager    
 
           
 
  By:
Name:
  /s/ Stephen M. Alfieri
 
Stephen M. Alfieri
   
 
  Title:   Managing Partner    
 
           
    Grand Central Asset Trust, EAP Series    
 
           
 
  By:
Name:
  /s/ Valerie Opperman
 
Valerie Opperman
   
 
  Title:   As Attorney-In-Fact    
 
           
    Grand Central Asset Trust, CAMERON I Series    
 
           
 
  By:
Name:
  /s/ Bernard Marasa
 
Bernard Marasa
   
 
  Title:   As Attorney-In-Fact    

 

 


 

             
    As agent for AIB Debt Management Limited    
 
       
 
  By:
Name:
  /s/ Des Brennan
 
Des Brennan
   
 
  Title:   Assistant Vice President    
 
      Investment Advisor to    
 
      AIB Debt Management, Limited    
 
           
    As Agent for AIB Debt Management Limited    
 
           
 
  By:
Name:
  /s/ Norbet Galligan
 
Norbet Galligan
   
 
  Title:   Vice President    
 
      Investment Advisor to    
 
      AIB Debt Management, Limited    
 
           
    Bismarck CBNA Loan Funding LLC    
 
           
 
  By:
Name:
  /s/ Emilie Roviaro
 
Emilie Roviaro
   
 
  Title:   As Attorney-In-Fact    
 
           
    ColumbusNova CLO Ltd. 2006-I    
    as a Lender    
 
           
 
  By:
Name:
  /s/ Paul L. Cal
 
Paul L. Cal
   
 
  Title:   Associate Director    
 
           
    ColumbusNova CLO Ltd. 2006-II    
    as a Lender    
 
           
 
  By:
Name:
  /s/ Paul L. Cal
 
Paul L. Cal
   
 
  Title:   Associate Director    
 
           
    ColumbusNova CLO Ltd. 2007-I    
    as a Lender    
 
           
 
  By:
Name:
  /s/ Paul L. Cal
 
Paul L. Cal
   
 
  Title:   Associate Director    

 

 


 

             
    ColumbusNova CLO IV Ltd. 2007-II    
    as a Lender    
 
           
 
  By:
Name:
  /s/ Paul L. Cal
 
Paul L. Cal
   
 
  Title:   Associate Director    
 
           
    DEUTSCHE BANK TRUST COMPANY AMERICAS    
 
           
 
  By:
Name:
  /s/ Carin Keegan
 
Carin Keegan
   
 
  Title:   Director    
 
           
 
  By:
Name:
  /s/ Omayra Laucella
 
Omayra Laucella
   
 
  Title:   Vice President    
 
           
    General Electric Capital Corporation    
 
           
 
  By:
Name:
  /s/ Peter B. Zone
 
Peter B. Zone
   
 
  Title:   Its Duly Authorized Signatory    
 
           
    GE Business Financial Services Inc.    
    (formerly known as Merrill Lynch Business    
    Financial Services Inc.)    
 
           
 
  By:
Name:
  /s/ Peter B. Zone
 
Peter B. Zone
   
 
  Title:   Its Duly Authorized Signatory    
 
           
    CIT Healthcare LLC    
 
           
 
  By:
Name:
  /s/ R. T. Roller
 
R. T. Roller
   
 
  Title:   Authorized Signatory    

 

 


 

             
    ARTUS LOAN FUND 2007-I, LTD.    
    BABSON CLO LTD. 2003-I    
    BABSON CLO LTD. 2004-I    
    BABSON CLO LTD. 2004-II    
    BABSON CLO LTD. 2005-I    
    BABSON CLO LTD. 2005-II    
    BABSON CLO LTD. 2005-III    
    BABSON CLO LTD. 2006-I    
    BABSON CLO LTD. 2006-II    
    BABSON CLO LTD. 2007-I    
    BABSON MID-MARKET CLO LTD. 2007-II    
    BABSON LOAN OPPORTUNITY CLO, LTD.    
    SAPPHIRE VALLEY CDO I, LTD.    
 
  By: Babson Capital Management LLC as Collateral Manager    
 
           
 
  By:
Name:
  /s/ Arthur J. McMahan, Jr.
 
Arthur J. McMahan, Jr.
   
 
  Title:   Director    
 
           
    C.M. LIFE INSURANCE COMPANY    
 
  By: Babson Capital Management LLC as    
    Investment Sub-Adviser    
 
           
 
  By:
Name:
  /s/ Arthur J. McMahan, Jr.
 
Arthur J. McMahan, Jr.
   
 
  Title:   Director    
 
           
    MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY    
 
  By: Babson Capital Management LLC as    
    Investment Adviser    
 
           
 
  By:
Name:
  /s/ Arthur J. McMahan, Jr.
 
Arthur J. McMahan, Jr.
   
 
  Title:   Director    
 
           
    JEFFERIES FINANCE CP FUNDING LLC    
 
           
 
  By:
Name:
  /s/ Charlie J. Franklin
 
Charlie J. Franklin
   
 
  Title:   Closing Manager    

 

 


 

             
    JFIN CLO 2007 LTD.    
    By: Jefferies Finance LLC as Collateral Manager    
 
           
 
  By:   /s/ Charlie J. Franklin    
 
           
 
  Name:   Charlie J. Franklin    
 
  Title:   Closing Manager    
 
           
    WatchTower CLO I PLC    
    By: Citadel Limited Partnership, Collateral Manager    
    By: Citadel Investment Group, L.L.C., its General Partner    
 
           
    as a Lender, Swing Line Lender and L/C Issuer    
 
           
 
  By:   /s/ Erica L. Tarpey    
 
           
 
  Name:   Erica L. Tarpey    
 
  Title:   Authorized Signatory    
 
           
    GoldenTree Loan Opportunities III, Limited    
    By: GoldenTree Asset Management, LP    
 
           
 
  By:   /s/ Karen A. Weber    
 
           
 
  Name:   Karen A. Weber    
 
  Title:   Director — Bank Debt    
 
           
    GoldenTree Loan Opportunities IV, Limited    
    By: GoldenTree Asset Management, LP    
 
           
 
  By:   /s/ Karen A. Weber    
 
           
 
  Name:   Karen A. Weber    
 
  Title:   Director — Bank Debt    
 
           
    GoldenTree Loan Opportunities V, Limited    
    By: GoldenTree Asset Management, LP    
 
           
 
  By:   /s/ Karen A. Weber    
 
           
 
  Name:   Karen A. Weber    
 
  Title:   Director — Bank Debt    
 
           
    Madison Capital Funding LLC    
 
           
 
  By:   /s/ Faraaz Kamran    
 
           
 
  Name:   Faraaz Kamran    
 
  Title:   Senior Vice President    

 

 


 

             
    Founders Grove CLO, Ltd.
By: Tall Tree Investment Management, LLC
as Collateral Manager
   
 
           
 
  By:   /s/ Douglas L. Winchell    
 
           
 
  Name:   Douglas L. Winchell    
 
  Title:   Officer    
 
           
    Grant Grove CLO, Ltd.
By: Tall Tree Investment Management, LLC
as Collateral Manager
   
 
           
 
  By:   /s/ Douglas L. Winchell    
 
           
 
  Name:   Douglas L. Winchell    
 
  Title:   Officer    
 
           
    Muir Grove CLO, Ltd.
By: Tall Tree Investment Management, LLC
as Collateral Manager
   
 
           
 
  By:   /s/ Douglas L. Winchell    
 
           
 
  Name:   Douglas L. Winchell    
 
  Title:   Officer    
 
           
    Avenue CLO Fund, Ltd.    
    Avenue CLO II, Ltd.    
    Avenue CLO III, Ltd.    
    Avenue CLO IV, Ltd.    
    Avenue CLO V, Ltd.    
    Avenue CLO VI, Ltd.    
 
           
 
  By:   /s/ Richard D’Addario    
 
           
 
  Name:   Richard D’Addario    
 
  Title:   Senior Portfolio Manager    
 
           
    Eagle Master Fund Ltd.    
    By: Citigroup Alternative Investments LLC, as    
    Investment Manager for and on behalf of Eagle Master Fund Ltd.    
 
           
 
  By:   /s/ Melanie Hanlon    
 
           
 
  Name:   Melanie Hanlon    
 
  Title:   Director    

 

 


 

             
    REGATTA FUNDING LTD.
By: Citigroup Alternative Investments LLC,
as attorney-in-fact
   
 
           
 
  By:   /s/ Melanie Hanlon    
 
           
 
  Name:   Melanie Hanlon    
 
  Title:   Director    
 
           
    LMP Corporate Loan Fund, Inc.    
    By: Citigroup Alternative Investments LLC    
 
           
 
  By:   /s/ Melanie Hanlon    
 
           
 
  Name:   Melanie Hanlon    
 
  Title:   Director    
 
           
    LEHMAN COMMERCIAL PAPER INC    
 
           
 
  By:   /s/ Ahuva Schwager    
 
           
 
  Name:   Ahuva Schwager    
 
  Title:   Authorized Signatory    
 
           
    EMPORIA PREFERRED FUNDING I, LTD.
By: Emporia Capital Management, LLC
   
 
           
 
  By:   /s/ Steven Alexander    
 
           
 
  Name:   Steven Alexander    
 
  Title:   Director    
 
           
 
  By:   /s/ Peter Burton    
 
           
 
  Name:   Peter Burton    
 
  Title:   Vice President    
 
           
    EMPORIA PREFERRED FUNDING III, LTD.    
    By: Emporia Capital Management, LLC    
 
           
 
  By:   /s/ Steven Alexander    
 
           
 
  Name:   Steven Alexander    
 
  Title:   Director    
 
           
 
  By:   /s/ Peter Burton    
 
           
 
  Name:   Peter Burton    
 
  Title:   Vice President    

 

 


 

             
    EMPORIA PREFERRED FUNDING IV, LTD.
By: Emporia Capital Management, LLC
   
 
           
 
  By:   /s/ Steven Alexander    
 
           
 
  Name:   Steven Alexander    
 
  Title:   Director    
 
           
 
  By:   /s/ Peter Burton    
 
           
 
  Name:   Peter Burton    
 
  Title:   Vice President    
 
           
    LATITUDE CLO I, LTD    
 
           
 
  By:   /s/ Kirk Wallace    
 
           
 
  Name:   Kirk Wallace    
 
  Title:   Senior Vice President    
 
           
    LATITUDE CLO II, LTD    
 
           
 
  By:   /s/ Kirk Wallace    
 
           
 
  Name:   Kirk Wallace    
 
  Title:   Senior Vice President    
 
           
    LATITUDE CLO III, LTD    
 
           
 
  By:   /s/ Kirk Wallace    
 
           
 
  Name:   Kirk Wallace    
 
  Title:   Senior Vice President    
 
           
    GLADSTONE BUSINESS INVESTMENT, LLC    
 
           
 
  By:   /s/ John Sateri    
 
           
 
  Name:   John Sateri    
 
  Title:   Managing Director    
 
           
    OAK HILL CREDIT PARTNERS II, LIMITED    
 
           
    By: Oak Hill CLO Management II, LLC    
    As Investment Manager    
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    

 

 


 

             
    OAK HILL CREDIT PARTNERS III, LIMITED    
 
           
    By: Oak Hill CLO Management III, LLC    
    As Investment Manager    
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    
 
           
    OAK HILL CREDIT PARTNERS IV, LIMITED    
 
           
    By: Oak Hill CLO Management IV, LLC
As Investment Manager
   
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    
 
           
    OAK HILL CREDIT PARTNERS V, LIMITED    
 
           
    By: Oak Hill CLO Management V, LLC
As Investment Manager
   
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    
 
           
    CRP V    
 
           
    By: Oak Hill Advisors, L.P.
As Portfolio Manager
   
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    
 
           
    SMBC MVI SPC, on behalf of and for the account of Segregated Portfolio No. 1    
 
           
    By: Oak Hill Separate Account Management I, LLC    
    As Investment Manager    
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    

 

 


 

             
    OHA PARK AVENUE CLO I, LTD.    
 
           
    By: Oak Hill Advisors, L.P.    
    As Investment Manager    
 
           
 
  By:   /s/ Scott D. Krase    
 
           
 
  Name:   Scott D. Krase    
 
  Title:   Authorized Person    
 
           
    GOLDMAN SACHS BANK USA    
 
           
 
  By:   /s/ William Yarbenet    
 
           
 
  Name:   William Yarbenet    
 
  Title:   Vice President    
 
           
    BNP PARIBAS    
 
           
 
  By:   /s/ Kandice Gu    
 
           
 
  Name:   Kandice Gu    
 
  Title:   Vice President    
 
           
 
  By:   /s/ Claire d’Ussel    
 
           
 
  Name:   Claire d’Ussel    
 
  Title:   Vice President    
 
           
    MERRILL LYNCH CAPITAL SERVICES, INC.    
 
           
 
  By:   /s/ Neyda Darias    
 
           
 
  Name:   Neyda Darias    
 
  Title:   Vice President    
 
           
    Wachovia Bank, National Association    
 
           
 
  By:   /s/ Kirk Tesch    
 
           
 
  Name:   Kirk Tesch    
 
  Title:   Vice President    
 
           
    CIT CLO I LTD.    
 
           
 
  By:   /s/ Roger M. Burns    
 
           
 
  Name:   Roger M. Burns    
 
  Title:   President, CIT Asset Management    

 

 


 

             
    WhiteHorse II, Ltd.    
    By: WhiteHorse Capital Partners, L.P.    
    As Collateral Manager    
 
           
 
  By:   /s/ Jay Carvell    
 
           
 
  Name:   Jay Carvell, CFA    
 
  Title:   Portfolio Manager    
 
           
    WhiteHorse IV, Ltd.    
    By: WhiteHorse Capital Partners, L.P    
    As Collateral Manager    
 
           
 
  By:   /s/ Jay Carvell    
 
           
 
  Name:   Jay Carvell, CFA    
 
  Title:   Portfolio Manager    
 
           
    WhiteHorse V, Ltd.    
    By: WhiteHorse Capital Partners, L.P    
    As Collateral Manager    
 
           
 
  By:   /s/ Jay Carvell    
 
           
 
  Name:   Jay Carvell, CFA    
 
  Title:   Portfolio Manager    
 
           
    GRAND HORN CLO LTD.
By: Seix Investment Advisors LLC,
as Collateral Manager
   
 
           
 
  By:   /s/ George Goudelias    
 
           
 
  Name:   George Goudelias    
 
  Title:   Managing Director    
 
           
    ROSEDALE CLO II LTD.    
    By: Princeton Advisory Group, Inc.,
as Collateral Manager
   
 
           
 
  By:   /s/ Scott O’Connell    
 
           
 
  Name:   Scott O’Connell    
 
  Title:   Vice President