PlanVista Corporation Letter Agreement Amendment with Lenders and Investors (July 22, 2002)

Summary

PlanVista Corporation entered into this letter agreement with several financial institutions and investors, including Wachovia Bank, Credit Lyonnais, SunTrust Bank, Fleet National Bank, SouthTrust Bank, Rabobank Nederland, Bank of America, AmSouth Bank, Hibernia National Bank, and Fifth Third Bank. The agreement amends a previous letter agreement by extending a specific time period from 120 days to 150 days. All parties acknowledge and accept this amendment by signing the agreement.

EX-4.8(B) 4 dex48b.txt LETTER AGREEMENT DATED JULY 22, 2002 Exhibit 4.8(b) PLANVISTA CORPORATION 4010 Boy Scout Boulevard. Ste. 607 Tampa Florida 33607 ###-###-#### July 22, 2002 The Lenders party from time to time to the Credit Agreement referred to below, in their capacities as such, and to the Investors under the Issuance Agreement referred to below: Ladies and Gentlemen: Reference is made to that certain amended and restated letter agreement dated June 28, 2002 (the "Amended and Restated Letter Agreement"), which amended the letter agreement dated April 12, 2002 (the "Letter Agreement") among PlanVista Corporation and the financial institutions party to that certain Third Amended and Restated Credit Agreement dated April 12, 2002 (the "Credit Agreement") from time to time as Lenders (the "Lenders") and Wachovia Bank, National Association, as Administrative Agent, and to Wachovia Bank, National Association, as agent for the financial institutions listed as Investors under that certain Series C Convertible Preferred Stock Issuance and Restructuring Agreement dated April 12, 2002 (the "Issuance Agreement"). Capitalized terms used herein without definition have the meanings assigned to them by the Credit Agreement. This letter hereby amends the Amended and Restated Letter Agreement by deleting all references to "120 days" in paragraph 3 of the Amended and Restated Letter Agreement and replacing those references with "150 days." Please indicate your agreement with the foregoing by executing a counterpart of this letter agreement and returning it to the Company. PLANVISTA CORPORATION By: /s/ Donald W. Schmeling ------------------------------------ Name: Donald W. Schmeling Title: Chief Financial Officer The foregoing terms are accepted: WACHOVIA BANK, NATIONAL ASSOCIATION, as a Series C Stockholder and as Administrative Agent By: /s/ Matthew Berk -------------------------------------------------- Name: Matthew Berk Title: Authorized Officer CREDIT LYONNAIS, NEW YORK BRANCH By: /s/ John-Charles van Essche -------------------------------------------------- Name: John-Charles van Essche Title: Vice President SUNTRUST BANK By: /s/ Samuel M. Ballesteros ------------------------------------------------ Name: Samuel M. Ballesteros Title: Director FLEET NATIONAL BANK By: /s/ Fred P. Lucy, II ------------------------------------------------- Name: Fred P. Lucy, II Title: Vice President SOUTHTRUST BANK By: /s/ B.E. Dishman ------------------------------------------------- Name: B.E. Dishman Title: Vice President COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEEBANK BA "RABOBANK NEDERLAND", NEW YORK BRANCH By: /s/ John McMahon -------------------------------------------------- Name: John McMahon Title: Vice President BANK OF AMERICA, N.A. By: /s/ Joseph M. Martens -------------------------------------------------- Name: Joseph M. Martens Title: Senior Vice President AMSOUTH BANK By: /s/ William R. Hoog -------------------------------------------------- Name: William R. Hoog Title: Vice President HIBERNIA NATIONAL BANK By: /s/ Tammy Angelety -------------------------------------------------- Name: Tammy Angelety Title: Vice President FIFTH THIRD BANK, CENTRAL OHIO By: /s/ Mark Ransom -------------------------------------------------- Name: Mark Ransom Title: Vice President