-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JCUqOvsdp0P/httuCb59coUC3o2bSQIXp/Yx6fypEsZk2wAjhWQ27uPvjLM95Ck4 QMwDHpU8RlmLrqX7tG2ZGA== 0001104659-07-024466.txt : 20070402 0001104659-07-024466.hdr.sgml : 20070402 20070330215851 ACCESSION NUMBER: 0001104659-07-024466 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070323 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070402 DATE AS OF CHANGE: 20070330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARE ESCENTUALS INC CENTRAL INDEX KEY: 0001295557 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 201062857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33048 FILM NUMBER: 07735419 BUSINESS ADDRESS: STREET 1: 71 STEVENSON STREET STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-489-5000 MAIL ADDRESS: STREET 1: 71 STEVENSON STREET STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: STB BEAUTY INC DATE OF NAME CHANGE: 20040625 8-K 1 a07-9516_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 23, 2007

 

Bare Escentuals, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-33048

 

20-1062857

(State or Other Jurisdiction

 

(Commission File Number)

 

(I.R.S. Employer

of Incorporation)

 

 

 

Identification No.)

 

 

 

 

 

71 Stevenson Street, 22nd Floor, San Francisco, CA

 

94105

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (415) 489-5000

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




 

Item 1.01   Entry into a Material Definitive Agreement

 

On March 23, 2007, Bare Escentuals, Inc., a Delaware corporation (the “Company”), entered into a First Amendment to the Amended and Restated Credit Agreement among the Company, Bare Escentuals Beauty, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“BE Beauty”), BNP Paribas, as agent, and the lenders party thereto (the “Amendment”).  Pursuant to the Amendment, the terms of the Company’s $343.7 million senior secured term loan and $25.0 million revolving credit facility were amended to, among other things (i) permit the Company and its domestic subsidiaries to make acquisitions of up to $30,000,000 in any one fiscal year and up to $60,000,000 in the aggregate; and (ii) permit the amount that the Company and its domestic subsidiaries to invest in foreign subsidiaries to $25,000,000, plus the amounts spent for the acquisitions pursuant to clause (i).

A complete copy of the Amendment is filed herewith as Exhibit 10.50 and is incorporated herein by reference.  The foregoing description of the terms of the Amendment is qualified in its entirety by reference to such exhibit.

Item 9.01.   Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

 

 

 

Description

 

 

10.50

 

First Amendment to the Amended and Restated Credit Agreement among Bare Escentuals Beauty, Inc., Bare Escentuals, Inc., BNP Paribas and the lenders party thereto dated March 23, 2007.

 




 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BARE ESCENTUALS, INC.

 

 

 

By:

 

/s/ Myles B. McCormick

 

 

Name:

 

Myles B. McCormick

Title:

 

Senior Vice President, Chief Financial

 

 

Officer, Chief Operations Officer and

 

 

Secretary

 

 

 

 

Date: April 2, 2007



EX-10.50 2 a07-9516_1ex10d50.htm EX-10.50

Exhibit 10.50

BARE ESCENTUALS BEAUTY, INC.

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated as of March 23, 2007 and entered into by and among BARE ESCENTUALS, INC., a Delaware corporation (“Holdings”), BARE ESCENTUALS BEAUTY, INC., a Delaware corporation (the Company”), THE FINANCIAL INSTITUTIONS LISTED ON THE SIGNATURE PAGES HEREOF, and BNP PARIBAS (“BNP Paribas”), as administrative agent for Lenders (in such capacity, “Administrative Agent”).  Reference is made to that certain Amended and Restated Credit Agreement dated as of December 20, 2006 by and among Holdings, Company, the Lenders referenced therein and BNP Paribas, as Administrative Agent (the “Credit Agreement”). Capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement, as amended hereby.

RECITALS

WHEREAS, the Company desires to increase its Permitted Acquisitions capacity under the Credit Agreement, to reconcile certain conflicting terms in the Credit Agreement relating to the timing of delivery of Pricing Certificates, and to make other corrective modifications;

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:

SECTION 1.                                                    AMENDMENTS TO CREDIT AGREEMENT

A.            Section 1 of the Credit Agreement is hereby amended by deleting the defined term “Financial Plan”.

B.            Subsection 2.2A(i) of the Credit Agreement is hereby amended by deleting the words “the 45th day following the end of the most recently completed Fiscal Quarter” and replacing them with the words “the later of (x) the 45th day following the end of the most recently completed Fiscal Quarter and (y) receipt of the applicable Pricing Certificate by the Administrative Agent”.

C.            Subsection 6.1 of the Credit Agreement is hereby amended as follows:

(i)            Clause (ii) is hereby deleted in its entirety and replaced with the following:

Quarterly Financials:  as soon as available and in any event within 60 days after the end of each Fiscal Quarter, (a) the consolidated balance sheet of Holdings and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such




 

Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in detail reasonably satisfactory to Administrative Agent and certified by the chief financial officer of Company that they fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments, and (b) a narrative report describing the operations of Holdings and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such fiscal quarter; provided, however, that, so long as Holdings is required to file reports under Section 13 of the Exchange Act, (x) the requirements of this paragraph with respect to the first three Fiscal Quarters of any Fiscal Year shall be deemed satisfied (including the requirements to deliver monthly financial statements) by the delivery of the quarterly financials of Holdings on Form 10-Q for the relevant Fiscal Quarter, signed by the duly authorized officer or officers of Holdings and (y) clause (a) of this paragraph will not require statements of stockholders’ equity or cash flows with respect to the fourth Fiscal Quarter of any Fiscal Year;”

 

(ii)           Clause (iii) is hereby amended by deleting the words “and the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements”;

(iii)          Clause (iv) is hereby amended by deleting the words “45th day” and replacing it with the words “60th day”.

D.            Subsection 7.3 of the Credit Agreement is hereby amended as follows:

(i)            Subsection 7.3(x) of the Credit Agreement is hereby amended by deleting such subsection in its entirety and substituting the following therefor:

“(x)          Company and any other Subsidiary of Holdings may acquire assets (including Capital Stock and including Capital Stock of Subsidiaries formed in connection with any such acquisition) (in each case, a “Permitted Acquisition”) and continue to own such assets after the acquisition thereof; provided that the aggregate amount of Cash consideration paid by Company and any other Subsidiary of Holdings for Permitted Acquisitions shall not exceed $30,000,000 in any one Fiscal Year or $60,000,000 in the aggregate; and provided further that (i) Holdings and Company shall, and shall cause its Subsidiaries to, comply with the requirements of subsections 6.8 and 6.9 with respect to each such acquisition that results in a Person becoming a Subsidiary, (ii) Company shall have delivered a disclosure statement updating each of the Schedules to this Agreement and the other Loan Documents to reflect any factual revisions or modifications to the information set forth therein resulting from such acquisition; provided that any such update which alters the substantive effect of any representation or warranty, covenant or any other term or condition of this Agreement or any other Loan Document or which discloses an event or circumstance that, in any case, would otherwise require the consent of Administrative Agent, Requisite Lenders or Lenders to such modification, event or circumstance, shall not constitute a modification of this Agreement or any other Loan Document or a permitted disclosure hereunder or thereunder, and shall not excuse any Event of Default or Potential Event of Default which may otherwise arise

2




in connection therewith, without written consent required hereunder of Administrative Agent, Requisite Lenders or Lenders, as the case may be; and (iii) after giving effect to such acquisition, the Subsidiaries of Holdings (1) shall not be engaged in any business not permitted by subsection 7.9, (2) shall be in compliance on a pro forma basis after giving effect to such acquisition with each of the financial covenants contained in subsection 7.5, (3) no Event of Default or Potential Event of Default shall have occurred and be continuing or would result from such acquisition, (4) the representations and warranties in Section 5 hereof  (as supplemented in accordance with (ii) above) shall be true, correct and complete in all material respects on and as of the Permitted Acquisition closing date to the same extent as though made on and as of that date (or, to the extent such representations and warranties specifically relate to an earlier date, such representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date), and (5) Company shall have delivered to Administrative Agent and the Lenders an Officer’s Certificate to the effect set forth in the foregoing clauses (1) through (4) and a Compliance Certificate to evidence clause (2);”

(ii)           Subsection 7.3(xii) of the Credit Agreement is hereby amended by deleting such subsection in its entirety and substituting the following therefor:

“(xii)        Holdings, Company and the Subsidiary Guarantors may make and own Investments in Foreign Subsidiaries, provided that the amount of all such Investments made from and after the Restatement Date minus the amount of all cash dividends, distributions and other payments received by Holdings, Company or any of the Subsidiary Guarantors in respect of such Investments after the Restatement Date shall not at any time exceed $25,000,000, plus any amounts utilized for Permitted Acquisitions of Foreign Subsidiaries pursuant to clause (x) above;”

SECTION 2.                                                    REPRESENTATIONS AND WARRANTIES

In order to induce Lenders and Administrative Agent to enter into this Amendment, Company and Holdings each represents and warrants to each Lender and Administrative Agent that the following statements are true, correct and complete:

(i)            each of Company and Holdings has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the “Amended Agreement”);

(ii)           the execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company and Holdings;

(iii)          the execution and delivery by Company and Holdings of this Amendment and the performance by Company and Holdings of the Amended Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to Holdings, Company or any of its Subsidiaries which have not been obtained, the Certificate or Articles of Incorporation or Bylaws of Holdings, Company or any of its Subsidiaries or any

3




 

order, judgment or decree of any court or other agency of government binding on Holdings, Company or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Holdings, Company or any of its Subsidiaries, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of Holdings, Company or any of its Subsidiaries (other than Liens created under any of the Loan Documents in favor of Administrative Agent on behalf of Lenders and other Liens permitted under the Amended Agreement), or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of Holdings, Company or any of its Subsidiaries which have not been obtained, except for with respect to the foregoing clauses (i) , (ii) and (iv)  above, such violations, conflicts, breaches, defaults or failures to obtain approvals or consents which could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

 

(iv)          the execution and delivery by Company of this Amendment and the performance by Holdings and Company of the Amended Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other governmental authority or regulatory body, except for registrations, consents, approvals, notices and other actions that have been obtained, given or taken, or the failure of which to obtain, give or take have not and could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

(v)           this Amendment and the Amended Agreement have been duly executed and delivered by Company and Holdings and are the legally valid and binding obligations of Company and Holdings, enforceable against Company and Holdings in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability; and

(vi)          no event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment that would constitute an Event of Default or a Potential Event of Default.

SECTION 3.                                                    CONDITIONS TO EFFECTIVENESS

Except as set forth below, this Amendment shall become effective only upon the receipt by Administrative Agent and Company of written or telephonic notice that Company, Holdings and the Requisite Lenders have executed this Amendment and authorized its delivery.

SECTION 4.                                                    MISCELLANEOUS

A.            Reference to and Effect on the Credit Agreement and the Other Loan Documents.

(i)            On and after the effective date of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import

4




 

referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

 

(ii)           Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

(iii)          The execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of Administrative Agent or any Lender under the Credit Agreement or any of the other Loan Documents.

B.            Headings.  Section and subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.

C.            Applicable Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

D.            Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.

[Remainder of this page intentionally left blank]

5




 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.

 

COMPANY:

 

 

 

 

 

 

 

 

 

 

 

 

BARE ESCENTUALS BEAUTY, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Leslie A. Blodgett

 

 

 

 

 

Name:

Leslie A Blodgett

 

 

 

 

Title:

President, Chief Executive Officer and

 

 

 

 

 

Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOLDINGS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BARE ESCENTUALS, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Leslie A. Blodgett

 

 

 

 

 

Name:

Leslie A Blodgett

 

 

 

 

Title:

Chief Executive Officer

 

 




 

LENDERS:

BNP PARIBAS,

 

individually and as Administrative Agent

 

 

 

 

 

 

 

By:

/s/ PJ de Filippis

 

 

 

Name:

PJ de Filippis

 

Title:

Managing Director

 

 

 

 

 

 

 

 

 

 

By:

/s/ Cecile Scherer

 

 

 

Name:

Cecile Scherer

 

Title:

Director, Merchant Banking Group

 




 

 

 

 

The Governor and Company of the Bank of

 

 

 

 

Ireland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Paul Clarke

 

 

 

 

 

 

Name:

Paul Clarke

 

 

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Louise O’Connor

 

 

 

 

 

 

Name:

Louise O’Connor

 

 

 

 

Title:

Vice President

 




 

 

CIBC Inc.

 

 

 

 

 

 

 

By:

/s/Gerald Girardi

 

Name:

Gerald Girardi

 

Title:

Authorized Signatory

 

 

CIBC Inc.

 

S-3

 




 

 

CIT LENDING SERVICES

 

CORPORATION

 

 

 

 

By:

/s/Michael L. LaManes

 

 

 

Name:

Michael L. LaManes

 

Title:

Vice President

 

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ING PRIME RATE TRUST

 

ING INVESTMENT MANAGEMENT CLO I, Ltd.

By:

ING Investment Management Co.

By:

ING Investment Management Co.

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

By:

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING SENIOR INCOME FUND

 

ING INVESTMENT MANAGEMENT CLO II, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

 

By:

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING International (II) — Senior Bank Loans Euro

ING INVESTMENT MANAGEMENT CLO III, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment manager

 

 

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ING International (II) — Senior Bank Loans USD

 

ING INVESTMENT MANAGEMENT CLO IV, LTD.

By:

ING Investment Management Co.

By:

ING Alternative Asset Management LLC,

 

as its investment manager

 

as its investment advisor

 

 

 

 

 

 

 

 

 

/s/Brian S. Horton

 

 

 

/s/Brian S. Horton

 

 

Name:

Brian S. Horton

Name:

Brian S. Horton

Title:

Senior Vice President

Title:

Senior Vice President

 

S-3

 




 

 

 

 

WhiteHorse II, Ltd

 

By:

WhiteHorse Capital Partners, L.P.

 

 

As Collateral Manager

 

 

 

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

Name:

Ethan Underwood

 

Title:

Portfolio Manager

 

S-4




 

Denali Capital LLC, managing member of DC

 

Funding Partners LLC, portfolio manager for

 

DENALI CAPITAL CLO I, LTD., or an affiliate

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

Name:

Kelli C. Marti

 

Title:

Senior Vice President

 

S-3

 




 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO III, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

S-3

 




 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO IV, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

S-3

 




 

 

 

VAN KAMPEN

 

 

SENIOR INCOME TRUST

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

 

 

By:

/s/Christina Jamieson

 

 

Name:

Christina Jamieson

 

 

Title:

Managing Director

 

 

 

S-3

 




 

 

 

VAN KAMPEN

 

 

SENIOR LOAN FUND

 

 

By:

Van Kampen Asset Management

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Christina Jamieson

 

 

Name:

Christina Jamieson

 

 

Title:

Managing Director

 

 

S-3

 




 

 

 

LightPoint CLO III, Ltd.

 

 

LightPoint CLO IV, Ltd.

 

 

LightPoint CLO V, Ltd.

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Colin Donlan

 

 

Name:

Colin Donlan

 

 

Title:

Director

 

 

S-3

 




 

 

 

CYPRESSTREE CLAIF FUNDING LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kristi Milton

 

 

 

 

Name:

Kristi Milton

 

 

Title:

Assistant Vice President

 

 

 

S-3

 




 

 

 

 

ULT CBNA Loan Funding LLC, for itself or as agent for

 

 

ULT CFPI Loan Funding LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Patrick Reichart

 

 

 

 

Name:

Patrick Reichart

 

 

Title:

Attorney-in-fact

 

 

S-3

 




 

 

 

Stanfield Vantage CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 




 

 

 

Stanfield Arbitrage CDO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 




 

 

 

 

Stanfield Carrera CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 




 

 

 

Stanfield Bristol CLO, Ltd

 

 

By:

Stanfield Capital Partners, LLC

 

 

 

as it Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/David Frey

 

 

 

 

Name:

David Frey

 

 

Title:

Managing Director

 

 

S-3

 




 

 

 

LENDERS:

 

WhiteHorse I, Ltd

 

 

By:

WhiteHorse Capital Partners, L.P.

 

 

 

As Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

 

Name:

Ethan Underwood

 

 

Title:

Portfolio Manager

 

S-3

 




 

 

WhiteHorse III, Ltd.

 

By:

WhiteHorse Capital Partners, L.P.

 

 

As Collateral Manager

 

 

 

 

By:

/s/Ethan Underwood

 

 

 

Name:

Ethan Underwood

 

Title:

Portfolio Manager

 

 

 

S-5




 

 

 

Denali Capital LLC, managing member of

 

 

DC Funding Partners LLC, portfolio manager for

 

 

DENALI CAPITAL CLO V, LTD., or an affiliate

 

 

 

 

 

 

 

 

By:

 

/s/Kelli C. Marti

 

 

 

Name:

Kelli C. Marti

 

 

Title:

Senior Vice President

 

 

 

S-3




 

 

 

 

 

 

EAGLE CREEK CLO, LTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Richard M. Matas

 

 

 

 

 

 

Name:

Richard M. Matas

 

 

 

 

Title:

Authorized Signor

 

 

S-3




 

 

 

 

 

Denali Capital LLC, managing member of

 

 

 

 

DC Funding Partners LLC, Porfolio manager for DENALI

 

 

 

 

CAPITAL CREDIT OPPORTUNITY FUND FINANCING.

 

 

 

 

LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

 

 

Name:

Kelli C. Marti

 

 

 

 

Title:

Senior Vice President

 

 

S-3




 

 

 

 

 

Loan Star State Trust

 

 

 

 

By:

Highland Capital Management, L.P., As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc., its Investment Advisor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

 

 

Title:

Strand Advisors, Inc.,

 

 

 

 

 

General Partner of

 

 

 

 

 

Highland Capital Managment, L.P.

 

 

 

S-3




 

 

 

 

 

[ILLEGIBLE] CLO, Ltd.

 

 

 

 

By:

Highland Capital Management, L.P., As Collateral Manager

 

 

 

 

By:

Strand Advisors, Inc., its General Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/Brian Lohrding

 

 

 

 

 

 

Name:

 

Brian Lohrding, Treasurer

 

 

 

 

Title:

 

Strand Advisors, Inc.,

 

 

 

 

 

 

General Partner of

 

 

 

 

 

 

Highland Capital Managment, L.P.

 

 

 

S-3




 

 

 

DUANE STREET CLO I, LTD.

 

By:

DiMaio Ahmad Capital LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

 

By:

/s/Paul Travers

 

 

 

Name:

Paul Travers

 

Title:

Managing Director

 

 

S-3




 

 

 

 

Landmark VI CDO Limited

 

 

By:

Aladdin Capital Management, LLC.

 

 

 

as Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/John J.D’Angelo

 

 

 

 

Name:

John J.D’Angelo

 

 

Title:

Authorized Signatory

 

 

 

S-3




 

 

 

 

BALLANTYNE FUNDING LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kristi Milton

 

 

 

 

Name:

Kristi Milton

 

 

Title:

Assistant Vice President

 

 

S-3




 

 

 

 

Halcyon Structured Asset Management CLO I LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/James W. Sykes

 

 

 

 

Name:

James W. Sykes

 

 

Title:

Managing Principal

 

 

S-3




 

 

 

Evergreen CBNA Loan Funding LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Erich VanRavenswaay

 

 

 

 

Name:

Erich VanRavenswaay

 

 

Title:

Assistant Vice President

 

 

S-3




 

 

 

 

Grand Central Asset Trust, HLD Series

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Erich VanRavenswaay

 

 

 

 

Name:

Erich VanRavenswaay

 

 

Title:

Assistant Vice President

 

 

S-3




 

 

 

 

Rockwall CDO LTD.

 

 

By:

Highland Capital Management, L.P.

 

 

As Collateral Manager

 

 

By:

Strand Advisors, Inc., Its General Partner

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

Title:

Strand Advisors, Inc.

 

 

 

General Partner of

 

 

 

Highland Capital Management, L.P.

 

 

 

S-3




 

 

 

 

Highland Credit Opportunities CDO Ltd

 

 

By:

Highland Capital Management, L.P.

 

 

As Collateral Manager

 

 

By:

Strand Advisors, Inc., Its General

 

 

Partner

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Brian Lohrding

 

 

 

 

Name:

Brian Lohrding, Treasurer

 

 

Title:

Strand Advisors, Inc.

 

 

 

General Partner of

 

 

 

Highland Capital Management, L.P.

 

 

S-3




 

 

 

 

 

 

Denali Capital LLC, managing member of

 

 

 

 

DC Funding Partners LLC, Porfolio manager for

 

 

 

 

DENALI CAPITAL CLO VI, LTD., or an affiliate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Kelli C. Marti

 

 

 

 

 

Name:

Kelli C. Marti

 

 

 

 

Title:

Senior Vice President

 

 

S-3




 

 

 

Aerlie CLO 2006-1 Ltd

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Alex Tuff

 

 

 

Name:

Alex Tuff

 

Title:

Head of Bank Dept

 

 

S-3




 

 

 

 

 

 

FALL CREEK CLO, LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Richard M. Matas

 

 

 

 

 

 

Name:

Richard M. Matas

 

 

 

 

Title:

Authorized Signor

 

 

S-3




 

 

 

 

 

By:

Callidus Debt Partners CLO Fund IV Ltd

 

 

 

By:

Its Collateral Manager,

 

 

 

Callidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

Title:

PRINCIPAL

 

 

S-3




 

 

 

 

 

 

By:

Callidus Debt Partners CLO Fund V. Ltd.

 

 

 

 

By:

Its Collateral Manager,

 

 

 

 

 

 

 

Calidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

 

Title:

PRINCIPAL

 

 

S-3




 

 

 

 

 

 

By:

MAPS CLO Fund I, LLC

 

 

 

 

By:

Its Collateral Manager,

 

 

 

 

Calidus Capital Management, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

PETER R. BENNITT

 

 

 

 

Title:

PRINCIPAL

 

 

S-3




 

 

 

WhiteHorse IV, Ltd.

 

 

 

By: WhiteHorse Capital Partners, L.P.

 

 

 

As Collateral Manager

 

 

 

 

 

 

 

By:

 

/s/ Ethan Underwood

 

 

Name:

 

Ethan Underwood

 

 

Title:

 

Portfolio Manager

 

S-6




 

 

 

 

Mountain View Funding CLO 2006-I, Ltd.

 

By: Seix Advisors, a fixed income division of

 

Trusco Capital Management, Inc., as Collateral
Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ George Goudelias

 

Name:

 

George Goudelias

 

Title:

 

PM, Seix Advisors

 

 

 

 

S-3




 

 

 

DUNES FUNDING LLC

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kristi Milton

 

Name:

 

Kristi Milton

 

Title:

 

Assistant Vice President

 

 

 

S-3




 

 

 

Ballyrock CLO II Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

 

S-3




 

 

 

Ballyrock CLO III Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

S-3




 

 

 

Fraser Sullivan CLO I Ltd.

 

By: Fraser Sullivan Investment Management,

 

LLC, as Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Tighe P. Sullivan

 

Name:

 

Tighe P. Sullivan

 

Title:

 

Managing Partner

 

 

 

 

S-3




 

 

 

[ILLEGIBLE]

 

By: Highland Capital Management, L.P.

 

As Collateral Manager

 

By: Strand Advisors, Inc.

 

as General Partner

 

 

 

 

 

 

 

 

 

By:

 

/s/ Brian Lohrding

 

Name:

 

Brian Lohrding, Treasurer

 

Title:

 

Strand Advisors, Inc.
General Partner of
Highland Capital Management L.P.

 

 

 

 

 

 

S-3




 

 

 

Highland Floating Rate Advantage Fund

 

 

 

 

 

 

 

 

 

By:

 

/s/ M. Jason Blackburn

 

Name:

 

M. Jason Blackburn

 

Title:

 

Treasurer

 

 

 

 

S-3




 

 

 

Southfork CLO, Ltd.

 

By: Highland Capital Management, L.P.

 

As Collateral Manager

 

By: Strand Advisors, Inc.

 

as General Partner

 

 

 

 

 

 

 

 

 

By:

 

/s/ Brian Lohrding

 

Name:

 

Brian Lohrding, Treasurer

 

Title:

 

Strand Advisors, Inc.
General Partner of
Highland Capital Management L.P.

 

 

 

 

S-3




 

 

 

Halcyon Structured Asset Management Long

 

Secured/Short Unsecured CLO 2006-1 LTD.

 

 

 

 

 

 

 

 

 

By:

 

/s/ James W. Sykes

 

Name:

 

James W. Sykes

 

Title:

 

Managing Principal

 

 

 

S-3




 

 

 

Halcyon Structured Asset Management Long

 

Secured/Short Unsecured CLO II LTD.

 

 

 

 

 

 

 

 

 

By:

 

/s/ James W. Sykes

 

Name:

 

James W. Sykes

 

Title:

 

Managing Principal

 

 

 

 

S-3




 

 

 

CS Advisors CLO I Ltd.

 

By: Capital Sourse Advisors LLC, As Portfolio Manager

 

And attorney-in-fact

 

 

 

 

 

 

 

 

 

By:

 

/s/ Charles A. Stearas

 

Name:

 

Charles A. Stearas

 

Title:

 

Vice President

 

 

 

 

 

 

S-3




 

 

 

Stanfield AZURE CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

 

S-3




 

 

 

 

Stanfield Modena CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Asset Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3




 

 

 

 

Stanfield Quattro CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

As its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3




 

 

 

 

Stanfield Veyron CLO, Ltd.

 

By: Stanfield Capital Partners, LLC

 

as its Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ David Frey

 

Name:

 

David Frey

 

Title:

 

Managing Director

 

 

 

 

 

S-3




 

 

 

 

CREDIT SUISSE INTERNATIONAL

 

 

 

 

 

 

 

 

 

By:

 

/s/ Melanie Harrier

 

Name:

 

Melanie Harrier

 

Title:

 

Assistant Vice President Operations

 

 

 

 

S-3




 

 

 

 

STERLING FARMS FUNDING LLC

 

 

 

 

 

 

 

 

 

By:

 

/s/ Kristi Milton

 

Name:

 

Kristi Milton

 

Title:

 

Assistant Vice President

 

 

 

 

 

S-3




 

 

 

 

Telos CLO 2006-1, LTD

 

 

 

 

 

 

 

 

 

By:

 

/s/ Jonathan Tepper

 

Name:

 

Jonathan Tepper, as A-I-F

 

Title:

 

Principal

 

 

 

 

S-3




 

 

 

 

Greyrock CDO LTD

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

 

S-3




 

 

 

 

Landmark VIII CDO Limited

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

 

 

S-3




 

 

 

FM Leveraged Capital Fund II

 

By: GSO Capital Partners LP as Subadviser to

 

FriedbergMilstein LLC

 

 

 

 

 

By:

 

/s/ Melissa Marano

 

Name:

 

Melissa Marano

 

Title:

 

Authorized Signatory

 

 

 

 

 

S-3




 

 

 

Landmark IX CDO Limited

 

By: Aladdin Capital Management, LLC

 

      as Manager

 

 

 

 

 

By:

 

/s/ John J. D’Angelo

 

Name:

 

John J. D’Angelo

 

Title:

 

Authorized Signatory

 

 

 

 

 

S-3




 

 

 

 

Aerlie CLO 2006-II Ltd.

 

 

 

 

 

 

 

 

 

By:

 

/s/ Alex Tuff

 

Name:

 

Alex Tuff

 

Title:

 

Head of BankDebt

 

 

 

 

 

 

S-3




 

 

 

 

Ballyrock CLO 2006-I Limited

 

BALLYROCK Investment Advisors LLC, as

 

Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Lisa Rymut

 

Name:

 

Lisa Rymut

 

Title:

 

Assistant Treasurer

 

 

 

 

 

S-3




 

 

 

Fraser Sullivan CLO II Ltd.

 

By: Fraser Sullivan Investment Management,

 

LLC, as Collateral Manager

 

 

 

 

 

 

 

 

 

By:

 

/s/ Tighe P. Sullivan

 

Name:

 

Tighe P. Sullivan

 

Title:

 

Managing Partner

 

 

S-3




 

 

 

 

 

 

Mountain View CLO II, Ltd.

 

 

 

 

By:

Seix Advisors, a fixed income division of

 

 

 

 

Trusco Capital Management, Inc., as Collateral

 

 

 

 

Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/George Goudelias

 

 

 

 

 

 

Name:

George Goudelias

 

 

 

 

Title:

PM, Seix Advisors

 




 

 

 

 

 

 

Ballyrock CLO 2006-2 LTD

 

 

 

 

BALLYROCK Investment Advisors LLC, as

 

 

 

 

Collateral Manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Lisa Rymut

 

 

 

 

 

 

Name:

Lisa Rymut

 

 

 

 

Title:

Assistant Treasurer

 

 

S-3




 

 

 

 

 

 

FriedbergMilstein Private Capital Fund I

 

 

 

By:

GSO Capital Partners LP as Subadviser to

 

 

 

 

FriedbergMilstein LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Melissa Marano

 

 

 

 

 

Name:

Melissa Marano

 

 

 

 

Title:

Authorize Signatory

 

 

S-3




 

 

 

 

 

 

CANARAS SUMMIT CLO LIMITED

 

 

 

 

By: BNP Parlbas New York Branch

 

 

 

 

As attorney-in-fact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Samrah Kazmi

 

 

 

 

Name:

Samrah Kazmi

 

 

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CANARAS SUMMIT CLO LIMITED

 

 

 

By: BNP Parlbas New York Branch

 

 

 

 

As attorney-in-fact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

[ILLEGIBLE]

 

 

 

 

Name:

 

 

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S-3




 

 

 

 

 

 

By:

MAPS CLO Fund II, Ltd.

 

 

 

 

By:

Its Collateral Manager

 

 

 

 

Callidus Capital Management, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

Name:

Peter R. Bennitt

 

 

 

 

Title:

PRINCIPAL

 

 

S-3




 

 

 

 

 

 

Halcyon Sturctured Asset Management Long

 

 

 

 

Secured/Short Unsecured CLO III LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/James W. Sykes

 

 

 

 

 

 

Name:

James W. Sykes

 

 

 

 

Title:

Managing Principal

 

 

S-3




 

 

 

 

 

 

By:

Callidus Debt Partners CLO Fund VI, Ltd

 

 

 

 

By:

Its Collateral Manager

 

 

 

 

Callidus Capital Management, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/Peter R. Bennitt

 

 

 

 

 

Name:

Peter R. Bennitt

 

 

 

 

Title:

PRINCIPAL

 

 

S-3




 

 

 

 

 

 

PREMIER FUNDING LTD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/Kyle C. Sliger

 

 

 

 

 

 

Name:

 

Kyle C. Sliger

 

 

 

 

Title:

 

Authorized Signatory

 

S-3



-----END PRIVACY-ENHANCED MESSAGE-----