EX-4.4 6 w52052ex4-4.txt AMEND #1 TO AMENDED & RESTATED CREDIT AGREEMENT... 1 Exhibit 4.4 AMENDMENT NO. 1 TO THE AMENDED AND RESTATED CREDIT AGREEMENT AMENDMENT NO. 1, dated as of June 29, 2001, to the Amended and Restated Credit Agreement dated as of March 30, 2001 (the "Credit Agreement") among Amkor Technology, Inc. a Delaware corporation (the "Borrower"), the lenders and issuing banks party thereto (collectively the "Lenders"), Salomon Smith Barney Inc. ("SSBI") as sole book manager, Citicorp USA, Inc. as administrative agent (the "Administrative Agent") for the Lenders and as collateral agent (the "Collateral Agent"), SSBI and DEUTSCHE BANC ALEX. BROWN INC. ("DBAB"), as arrangers and DBAB as syndication agent. PRELIMINARY STATEMENTS: (1) The parties to this Amendment are party to the Credit Agreement. Capitalized terms defined in the Credit Agreement and not otherwise defined in this Amendment are used herein as therein defined. (2) The parties hereto have agreed to amend the Credit Agreement as hereinafter set forth. SECTION 1. AMENDMENTS. Subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Credit Agreement is hereby amended, effective as of the date hereof, as follows: (a) Amendments to Article I (Definitions and Accounting Terms). The following new definition is inserted in Section 1.1 of the Credit Agreement in the appropriate place to preserve the alphabetical order of the definitions in such section: ""Senior Secured Leverage Ratio" means, at any date of determination, the ratio of (a) the aggregate amount of the Advances together with all Indebtedness in respect of Capitalized Leases and any other Debt for Borrowed Money which is not Subordinated Debt and is secured by a Lien of the Borrower and its Restricted Subsidiaries at such date to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recent Measurement Period ending on or prior to such date." (b) Amendments to Article V (Covenants of the Borrower). (i) Section 5.4(b) is hereby amended by deleting the existing Section 5.4(b) in its entirety and inserting the following revised Section 5.4(b) in lieu thereof: "(b) Leverage Ratio. Maintain at all times a Leverage Ratio of not more than the amount set forth below for each period set forth below: 2
------------------------------------------- QUARTER ENDING RATIO ------------------------------------------- March 31, 2001 3.25:1 ------------------------------------------- June 30, 2001 4.00:1 ------------------------------------------- September 30, 2001 5.25:1 ------------------------------------------- December 31, 2001 3.25:1 ------------------------------------------- March 31, 2002 3.00:1 ------------------------------------------- June 30, 2002 3.00:1 ------------------------------------------- September 30, 2002 2.75:1 ------------------------------------------- December 31, 2002 2.50:1 ------------------------------------------- March 31, 2003 2.25:1 ------------------------------------------- June 30, 2003 2.25:1 ------------------------------------------- September 30, 2003 2.25:1 ------------------------------------------- December 31, 2003 2.25:1 ------------------------------------------- March 31, 2004 2.00:1 ------------------------------------------- June 30, 2004 2.00:1 ------------------------------------------- September 30, 2004 2.00:1 ------------------------------------------- December 31, 2004 2.00:1 ------------------------------------------- March 31, 2005 2.00:1 ------------------------------------------- June 30, 2005 2.00:1 ------------------------------------------- September 30, 2005 2.00:1 -------------------------------------------
" (i) Section 5.4(c) is hereby amended by deleting the existing Section 5.4(c) in its entirety and inserting the following revised Section 5.4(c) in lieu thereof: "(c) Interest Coverage Ratio. Maintain at all times an Interest Coverage Ratio of not less than the amount set forth below for each period set forth below:
------------------------------------------- Quarter Ending Ratio ------------------------------------------- March 31, 2001 3.50:1 ------------------------------------------- June 30, 2001 3.00:1 ------------------------------------------- September 30, 2001 2.35:1 ------------------------------------------- December 31, 2001 3.50:1 ------------------------------------------- March 31, 2002 3.50:1 ------------------------------------------- June 30, 2002 3.50:1 ------------------------------------------- September 30, 2002 3.75:1 ------------------------------------------- December 31, 2002 3.75:1 ------------------------------------------- March 31, 2003 4.00:1 ------------------------------------------- June 30, 2003 4.00:1 ------------------------------------------- September 30, 2003 4.00:1 ------------------------------------------- December 31, 2003 4.00:1 ------------------------------------------- March 31, 2004 4.00:1 ------------------------------------------- June 30, 2004 4.00:1 ------------------------------------------- September 30, 2004 4.00:1 -------------------------------------------
-2- 3 ------------------------------------------- December 31, 2004 4.00:1 ------------------------------------------- March 31, 2005 4.00:1 ------------------------------------------- June 30, 2005 4.00:1 ------------------------------------------- September 30, 2005 4.00:1 -------------------------------------------
" (iii) Section 5.4(d) is hereby amended by deleting the existing Section 5.4(d) in its entirety and inserting the following revised Section 5.4(d) in lieu thereof: "(d) Tangible Net Worth. The Borrower will not permit Tangible Net Worth: (i) on June 30, 2001 to be less than $400,000,000; (ii) on September 30, 2001 to be less than $325,000,000; and (iii) at any time thereafter to be less than (i) 90% of the Tangible Net Worth on September 30, 2001 plus (ii) 50% of the sum of Consolidated Net Income of the Borrower and its Restricted Subsidiaries for each fiscal quarter beginning with the first quarter after September 30, 2001 (without reduction for losses) plus (iii) the amount of Net Cash Proceeds from issuances of Equity Interests received by the Borrower since September 30, 2001. For the quarters ending June 30, 2001 and September 30, 2001, the Tangible Net Worth will not include any write down of Equity Interests in Anam." (iv) Section 5.4 of the Credit Agreement is hereby amended by adding a new clause (e) immediately after clause (d) to read in its entirety as follows: "(e) Senior Secured Leverage Ratio. Maintain at all times a Senior Secured Leverage Ratio of not more than the amount set forth below for each period set forth below:
------------------------------------------- QUARTER ENDING RATIO ------------------------------------------- June 30, 2001 1.00:1 ------------------------------------------- September 30, 2001 1.00:1 -------------------------------------------
" SECTION 2. CONDITIONS TO EFFECTIVENESS. This Amendment shall become effective as of the date first above written when, and only when, (i) the Administrative Agent shall have received counterparts of this Amendment executed by the Borrower and the Required Lenders or, as to any of the Lenders, evidence satisfactory to the Administrative Agent that such Lender has executed this Amendment, (ii) each Subsidiary Guarantor shall have executed a consent to this Amendment in the form attached hereto, and (iii) the Administrative Agent shall have received from the Borrower, for the account of each Lender that has executed this Amendment and delivered evidence thereof satisfactory to the Administrative Agent at or before 5:00 p.m. New York City time on July 10, 2001, an amendment fee equal to 0.15% of the aggregate amount of the outstanding Term B Advances, Revolving Credit Commitments and Letter of Credit Commitments of each such Lender as of such date. Furthermore this Amendment is subject to the provisions of Section 8.1 of the Credit Agreement. -3- 4 SECTION 3. CONSTRUCTION WITH THE LOAN DOCUMENTS. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this Amendment. SECTION 4. GOVERNING LAW. This Amendment is governed by the law of the State of New York. SECTION 5. AMENDMENTS TO COLLATERAL DOCUMENTS. Each Lender hereby appoints each of the Administrative Agent and the Collateral Agent as its attorney-in-fact with full authority in the place and stead of such Lender and in the name of such Lender or otherwise, from time to time, to amend any Korean Collateral Document as the Administrative Agent or the Collateral Agent reasonably considers desirable or necessary to give effect to the provisions of Section 8.1 or Section 8.11 of the Credit Agreement or otherwise to release Collateral under the Korean Collateral Documents to the extent that such release is permitted pursuant to the terms of the Credit Agreement. Each Lender hereby ratifies and will ratify any action taken by either such Attorney from time to time as contemplated by this Section 5. SECTION 6. REPRESENTATIONS AND WARRANTIES. The Borrower hereby represents and warrants that each of the representations and warranties made by the Borrower in the Credit Agreement, as amended hereby, and the other Loan Documents to which the Borrower is a party or by which the Borrower is bound, shall be true and correct in all material respects on and as of the date hereof (other than representations and warranties in any such Loan Document which expressly speak as of a specific date, which shall have been true and correct in all material respects as of such specific date) and no Default or Event of Default has occurred and is continuing as of the date hereof. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written. AMKOR TECHNOLOGY, INC., By /s/ Kenneth Joyce ------------------------------------------ Name: Kenneth Joyce Title: Executive Vice President & Chief Financial Officer CITICORP USA, INC., as Administrative Agent and Collateral Agent By /s/ Suzanne Crymes ------------------------------------------ Name: Suzanne Crymes Title: Vice President -4- 5 CITIBANK, N.A., as Lender By /s/ Suzanne Crymes ------------------------------------------ Name: Suzanne Crymes Title: Vice President -5- 6 Societe Generale , --------------------------------------------- as Lender By /s/ Cynthia A. Jay ------------------------------------------ Name: Cynthia A. Jay Title: Managing Director 7 ABN AMRO Bank N.V. By /s/ Natalie M. Smith ------------------------------------------ Name: Natalie M. Smith Title: Vice President By /s/ Jana Dombrowski ------------------------------------------ Name: Jana Dombrowski Title: Vice President 8 BANK OF AMERICA, N.A. , --------------------------------------------- as Lender By /s/ Sugeet Manchanda ------------------------------------------ Name: Sugeet Manchanda Title: Principal 9 Bank of China, New York Branch , --------------------------------------------- as Lender By /s/ Bailin Zheng ------------------------------------------ Name: Bailin Zheng Title: General Manager 10 THE BANK OF NOVA SCOTIA , --------------------------------------------- as Lender By /s/ Todd S. Meller ------------------------------------------ Name: Todd S. Meller Title: Managing Director 11 Bank of Tokyo Mitsubishi Trust Company , --------------------------------------------- as Lender By /s/ H. Zimmermann ------------------------------------------ Name: H. Zimmermann Title: Vice President 12 BARCLAYS BANK PLC, as Lender By /s/ Peter Yetman ------------------------------------------ Name: Peter Yetman Title: Director 13 BNP PARIBAS , --------------------------------------------- as Lender By /s/ Stuart Darby ------------------------------------------ Name: Stuart Darby Title: Vice President By /s/ Jean Plassard ------------------------------------------ Name: Jean Plassard Title: Managing Director 14 COMERICA BANK, as Lender By /s/ John M. Costa ------------------------------------------ Name: John M. Costa Title: First Vice President 15 BANKERS TRUST COMPANY , --------------------------------------------- as Lender By /s/ Mary Jo Jolly ------------------------------------------ Name: MARY JO JOLLY Title: ASSISTANT VICE PRESIDENT 16 ERSTE BANK , --------------------------------------------- as Lender By /s/ John Fay ------------------------------------------ Name: John Fay Title: Vice President ERSTE Bank New York Branch By /s/ John S. Runnion ------------------------------------------ Name: John S. Runnion Title: Managing Director ERSTE Bank New York Branch 17 FIRST UNION NATIONAL BANK , --------------------------------------------- as Lender By /s/ Jorge A. Gonzalez ------------------------------------------ Name: Jorge A. Gonzalez Title: Senior Vice President 18 FLEET NATIONAL BANK , --------------------------------------------- as Lender By /s/ G.A. Nicholson ------------------------------------------ Name: G.A. Nicholson Title: Vice President 19 THE FUJI BANK, LIMITED By /s/ Nobuoki Koike ------------------------------------------ Name: Nobuoki Koike Title: Vice President 20 IBM CREDIT CORPORATION , --------------------------------------------- as Lender By /s/ Thomas S. Curcio ------------------------------------------ Name: Thomas S. Curcio Title: Manager of Credit, Commercial & Specialty Financing 21 IKB CAPITAL CORPORATION, ----------------------- as Lender By /s/ David Snyder ------------------------------------------ Name: David Snyder Title: President 22 THE INDUSTRIAL BANK OF JAPAN, --------------------------------------------- LIMITED --------------------------------------------- as Lender By /s/ Kenneth Biegen ------------------------------------------ Name: Kenneth Biegen Title: Senior Vice President 23 Key Corporate Capital Inc., as Lender By /s/ Jeff Kalinowski ------------------------------------------ Name: Jeff Kalinowski Title: Vice President 24 PNC Bank, National Association, as Lender By /s/ Robert J. Giannone ------------------------------------------ Name: Robert J. Giannone Title: Vice President 25 CENTURION CDO II, LTD. By: American Express Asset Management Group Inc. as Collateral Manager --------------------------------------------- as Lender By /s/ Michael M. Leyland ------------------------------------------ Name: Michael M. Leyland Title: Managing Director 26 AMMC CDO I, LIMITED By: American Money Management Corp., as Collateral Manager By /s/ David P. Meyer ------------------------------------------ Name: David P. Meyer Title: Vice President 27 AMMC CDO II, LIMITED as Lender By: American Money Management Corp., as Collateral Manager By /s/ David P. Meyer ------------------------------------------ Name: David P. Meyer Title: Vice President 28 NORTHWOODS CAPITAL, LIMITED BY: ANGELO, GORDON & CO., L.P., AS COLLATERAL MANAGER By /s/ John W. Fraser ------------------------------------------ Name: JOHN W. FRASER Title: MANAGING DIRECTOR 29 NORTHWOODS CAPITAL II, LIMITED BY: ANGELO, GORDON & CO., L.P., AS COLLATERAL MANAGER By /s/ John W. Frazer ------------------------------------------ Name: JOHN W. FRASER Title: MANAGING DIRECTOR 30 ARES Leveraged Investment Fund, L.P. By: ARES Management, L.P. Its: General Partner By /s/ Christopher N. Jacobs ------------------------------------------ Title: Christopher N. Jacobs Vice President 31 ARES Leveraged Investment Fund II, L.P. By: ARES Management II, L.P. Its: General Partner By /s/ Christopher N. Jacobs ------------------------------------------ Title: Christopher N. Jacobs Vice President 32 Ares IV CLO LTD. By: Ares CLO Manangement IV, L.P., Investment Manager By: Ares CLO GP IV, LLC, Its: Managing Member By /s/ Christopher N. Jacobs ------------------------------------------ Name: Christopher N. Jacobs Title: Vice President 33 BLACK DIAMOND INTERNATIONAL FUNDING LTD. --------------------------------------------- as Lender By /s/ David Egglishaw ------------------------------------------ Name: David Egglishaw Title: Director 34 BLACK DIAMOND CLO 1999-1 LTD. , --------------------------------------------- as Lender By /s/ David Egglishaw ------------------------------------------ Name: David Egglishaw Title: Director 35 BLACK DIAMOND CLO 2000-1 LTD. , --------------------------------------------- as Lender By /s/ David Egglishaw ------------------------------------------ Name: David Egglishaw Title: Director 36 SIERRA-CLO-I , --------------------------------------------- as Lender By /s/ John M. Casparian ------------------------------------------ Name: John M. Casparian Title: Senior Managing Director Centre Pacific LLC, Manager 37 CAPTIVA FINANCE LTD. , --------------------------------------------- as Lender By /s/ David Egglishaw ------------------------------------------ Name: David Egglishaw Title: Director 38 ELT LTD. , --------------------------------------------- as Lender By /s/ Ann E. Morris ------------------------------------------ Name: Ann E. Morris Title: Authorized Agent 39 KZH CYPRESSTREE-1 LLC, as Lender By /s/ Virginia Conway ------------------------------------------ Name: Virginia Conway Title: Authorized Agent 40 KZH SHOSHONE LLC, as Lender By /s/ Virginia Conway ------------------------------------------ Name: Virginia Conway Title: Authorized Agent 41 KZH STERLING LLC, as Lender By /s/ Virginia Conway ------------------------------------------ Name: Virginia Conway Title: Authorized Agent 42 CITADEL HILL 2000 LTD. , --------------------------------------------- as Lender By /s/ Nick Karsiotis ------------------------------------------ Name: Nick Karsiotis Title: Authorized Signatory 43 PROMETHEUS INVESTMENT FUNDING NO. 1 LTD. By: CPF Asset Advisory, LLC as Investment Manager --------------------------------------------- as Lender By /s/ Timothy L. Harrod ------------------------------------------ Name: Timothy L. Harrod Title: Managing Director By /s/ Irv Roa ------------------------------------------ Irv Roa Associate Director 44 CSAM FUNDING I as Lender By /s/ Andrew Marshak ------------------------------------------ Name: Andrew Marshak Title: Authorized Signatory 45 FIRST DOMINION FUNDING II as Lender By /s/ Andrew Marshak ------------------------------------------ Name: Andrew Marshak Title: Authorized Signatory 46 CYPRESSTREE INVESTMENT PARTNERS I, LTD By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: /s/ P. Jeffrey Huth ------------------------------------------ Name: P. Jeffrey Huth Title: Principal 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 CYPRESSTREE INVESTMENT FUND, LLC By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: ------------------------------------------ Name: P. Jeffrey Huth Title: Principal CYPRESSTREE INSTITUTIONAL FUND, LLC By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: ------------------------------------------ Name: P. Jeffrey Huth Title: Principal CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC. As: Attorney-in-Fact and on behalf of First Allmerica Financial Life Insurance Company as Portfolio Manager By: /s/ P. Jeffrey Huth ------------------------------------------ Name: P. Jeffrey Huth Title: Principal 47 North American Senior Floating Rate Fund By: Stanfield Capital Partners LLC as Subadvisor , --------------------------------------------- as Lender By /s/ Christopher A. Bondy ------------------------------------------ Name: Christopher A. Bondy Title: Partner 48 MOUNTAIN CAPITAL CLO II, LTD. By /s/ Darren P. Riley ------------------------------------------ Name: Darren P. Riley Title: Director 49 APEX (IDM) CDO I, LTD. as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 50 ELC (Cayman) Ltd. as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 51 ELC (Cayman) Ltd. CDO Series 1999-I as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 52 ELC (Cayman) Ltd. 1999-II as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 53 ELC (Cayman) Ltd. 1999-III as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 54 ELC (Cayman) Ltd. 2000-I as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 55 TRYON CLO Ltd. 2000-I as Lender By /s/ Michael Audino ------------------------------------------ Name: Michael Audino Title: Assistant Vice President 56 SEABOARD CLO 2000 LTD. as Lender By /s/ Sheppard H.C. Davis, Jr. ------------------------------------------ Name: Sheppard H.C. Davis, Jr. Title: CEO of Seaboard & Co. Its Collateral Manager 57 AIM FLOATING RATE FUND By: INVESCO Senior Secured Management, Inc As Attorney in fact By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 58 AMARA-1 FINANCE LTD. By: INVESCO Senior Secured Management, Inc As Sub-advisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 59 AMARA 2 FINANCE, LTD. By: INVESCO Senior Secured Management, Inc As Sub-advisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 60 CERES II FINANCE LTD. By: INVESCO Senior Secured Management, Inc As Sub-Managing Agent (Financial) By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 61 CHARTER VIEW PORTFOLIO By: INVESCO Senior Secured Management, Inc As Investment Advisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized 62 AERIES FINANCE-II LTD. By: INVESCO Senior Secured Management, Inc As Sub-Managing Agent By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 63 AVALON CAPITAL LTD 2 By: INVESCO Senior Secured Management, Inc As Portfolio Advisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 64 AVALON CAPITAL LTD By: INVESCO Senior Secured Management, Inc As Portfolio Advisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 65 OASIS COLLATERALIZED HIGH INCOME PORTFOLIO-I, LTD. By: INVESCO Senior Secured Management, Inc As Subadvisor By /s/ Joseph Rotondo ------------------------------------------ Name: Joseph Rotondo Title: Authorized Signatory 66 J.H. WHITNEY MARKET VALUE FUND, L.P., as Lender By /s/ Kevin J. Curley ------------------------------------------ Name: Kevin J. Curley Title: Authorized Signatory 67 MERRILL LYNCH SENIOR FLOATING RATE FUND, INC. By /s/ Harsh Jaggi ------------------------------------------ Name: Harsh Jaggi Title: Authorized Signatory MASTER FLOATING RATE TRUST By /s/ Harsh Jaggi ------------------------------------------ Name: Harsh Jaggi Title: Authorized Signatory MERRILL LYNCH GLOBAL INVESTMENT SERIES: BANK LOAN INCOME PORTFOLIO By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By /s/ Harsh Jaggi ------------------------------------------ Name: Harsh Jaggi Title: Authorized Signatory MERRILL LYNCH PRIME RATE PORTFOLIO By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By /s/ Harsh Jaggi ------------------------------------------ Name: Harsh Jaggi Title: Authorized Signatory 68 METROPOLITAN PROPERTY AND CASUALTY INSURANCE COMPANY , --------------------------------------------- as Lender By /s/ James. R. Dingler ------------------------------------------ Name: James R. Dingler Title: Authorized Signatory 69 CLYDESDALE CLO 2001-I, LTD. , --------------------------------------------- as Lender Nomura Corporate Research and Asset Management Inc. as Collateral Manager By /s/ Elizabeth C. MacLean ------------------------------------------ Name: Elizabeth O. MacLean Title: Vice President 70 OCTAGON INVESTMENT PARTNERS II, LLC By: Octagon Credit Investors, LLC as sub-investment manager , --------------------------------------------- as Lender By /s/ Michael B. Nechamkin ------------------------------------------ Name: Michael B. Nechamkin Title: Portfolio Manager 71 OCTAGON INVESTMENT PARTNERS IV, LTD. By: Octagon Credit Investors, LLC as collateral manager , --------------------------------------------- as Lender By /s/ Michael B. Nechamkin ------------------------------------------ Name: Michael B. Nechamkin Title: Portfolio Manager 72 HARBOURVIEW CDO II, LTD. --------------------------------------------- as Lender By /s/ Lisa Chaffee ------------------------------------------ Name: Lisa Chaffee Title: Manager 73 Oppenheimer Senior Floating Rate Fund , --------------------------------------------- as Lender By /s/ David Foxhoven ------------------------------------------ Name: David Foxhoven Title: A.V.P. 74 ML CLO XII PILGRIM AMERICA (CAYMAN) Ltd. By: ING Pilgrim Investments, Inc. as it's investment manager By /s/ Daniel A. Norman ------------------------------------------ Name: Daniel A. Norman Title: Senior Vice President 75 Sequils - Centurion V, Ltd. American Express Asset Management Group Inc. as Collateral Manager , --------------------------------------------- as Lender By /s/ Michael M. Leyland ------------------------------------------ Name: Michael M. Leyland Title: Managing Director 76 SEQUILS PILGRIM-1 LTD. By: ING Pilgrim Investments, Inc. as it's investment manager By /s/ Daniel A. Norman ------------------------------------------ Name: Daniel A. Norman Title: Senior Vice President 77 Sankaty Advisors, LLC as Collateral Manager For Great Point CLO 1999-1 LTD., as Term Lender By /s/ Diane J. Exter ------------------------------------------ Name: Diane J. Exter Title: Managing Director Portfolio Manager 78 SANKATY HIGH YIELD ASSET PARTNERS, L.P. , --------------------------------------------- as Lender By /s/ Diane J. Exter ------------------------------------------ Name: Diane J. Exter Title: Managing Director Portfolio Manager 79 SANKATY HIGH YIELD PARTNERS II, L.P. --------------------------------------------- as Lender By /s/ Diane J. Exter ------------------------------------------ Name: Diane J. Exter Title: Managing Director Portfolio Manager 80 LONG LANE MASTER TRUST IV By: Fleet National Bank As Trust Administrator, ---------------------------------------------- as Lender By /s/ Renee Nadler ------------------------------------------- Name: Title: 81 STANFIELD ARBITRAGE CDO, LTD. By: Stanfield Capital Partners LLC as its Collateral Manager , --------------------------------------------- as Lender By /s/ Christopher A. Bondy ------------------------------------------ Name: Christopher A. Bondy Title: Partner 82 STANFIELD CLO LTD. By: Stanfield Capital Partners LLC as its Collateral Manager , --------------------------------------------- as Lender By /s/ Christopher A. Bondy ------------------------------------------ Name: Christopher A. Bondy Title: Partner 83 STANFIELD/RMF TRANSATLANTIC CDO LTD. By: Stanfield Capital Partners LLC as its Collateral Manager , --------------------------------------------- as Lender By /s/ Christopher A. Bondy ------------------------------------------ Name: Christopher A. Bondy Title: Partner 84 WINDSOR LOAN FUNDING LIMITED By: Stanfield Capital Partners LLC as its Investment Manager , --------------------------------------------- as Lender By /s/ Christopher A. Bondy ------------------------------------------ Name: Christopher A. Bondy Title: Partner 85 LIBERTY-STEIN ROE ADVISOR --------------------------------------------- FLOATING RATE ADVANTAGE FUND --------------------------------------------- as Lender by Stein Roe & Farnham Incorporated As Advisor By /s/ James R. Fellows ------------------------------------------ Name: James R. Fellows Title: Sr. Vice President & Portfolio Manager 86 THE SUMITOMO TRUST AND BANKING CO., LTD., NEW YORK BRANCH , --------------------------------------------- as Lender By /s/ Stephen A. Stratico ------------------------------------------ Name: Stephen A. Stratico Title: Vice President 87 GALAXY CLO 1999-1, LTD. , --------------------------------------------- as Lender by: SAI Investment Adviser, Inc. its Collateral Manager By /s/ Thomas G. Brandt ------------------------------------------ Name: Thomas G. Brandt Title: Authorized Agent 88 KZH SOLEIL LLC as Lender By /s/ Virginia Conway ------------------------------------------ Name: Virginia Conway Title: Authorized Agent 89 KZH SOLEIL-2 LLC as Lender By /s/ Virginia Conway ------------------------------------------ Name: Virginia Conway Title: Authorized Agent 90 TORONTO DOMINION (NEW YORK), INC. --------------------------------------------- as Lender By /s/ Stacey L. Malek ------------------------------------------ Name: Stacey L. Malek Title: Vice President 91 COLUMBUS LOAN FUNDING LTD. By: Travelers Asset Management International Company LLC , --------------------------------------------- as Lender By /s/ Matthew J. McInerny ------------------------------------------ Name: Matthew J. McInerny Title: Assistant Investment Officer 92 THE TRAVELERS INSURANCE COMPANY , --------------------------------------------- as Lender By /s/ Matthew J. McInerny ------------------------------------------ Name: Matthew J. McInerny Title: Assistant Investment Officer 93 COLISEUM FUNDING LTD. By: Travelers Asset Management International Company LLC , --------------------------------------------- as Lender By /s/ Matthew J. McInerny ------------------------------------------ Name: Matthew J. McInerny Title: Assistant Investment Officer 94 KATONAH II, LTD , --------------------------------------------- as Lender By /s/ Ralph Della Rocca ------------------------------------------ Name: Ralph Della Rocca Title: Authorized Officer Katonah Capital, L.L.C. As Manager 95 CONSENT OF SUBSIDIARY GUARANTOR Dated as of June 29, 2001 Each of the undersigned corporations, as a Subsidiary Guarantor under the Subsidiary Guaranty dated April 28, 2000 (as confirmed by the Guaranty and Security Confirmation dated as of March 30, 2001, the "Subsidiary Guaranty") in favor of the Secured Parties under the Credit Agreement referred to in the foregoing Amendment, hereby consents to such Amendment and hereby confirms and agrees that notwithstanding the effectiveness of such Amendment, the Subsidiary Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such Amendment, each reference in the Subsidiary Guaranty to the "Credit Agreement", "thereunder", "thereof" or words of like import shall mean and be a reference to the Credit Agreement, as amended by such Amendment. GUARDIAN ASSETS, INC. By: /s/ Kenneth Joyce ------------------------------------------ Name: Kenneth Joyce Title: Chief Financial Officer -2-