EX-10.1(B) 3 a2129877zex-10_1b.htm EXHIBIT 10.1(B)
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Exhibit 10.1(b)

              AMENDMENT NO. 1 and WAIVER dated as of March 10, 2003 (this "Amendment"), to the AMENDED AND RESTATED CREDIT AGREEMENT dated as of July 25, 2002 (the "Credit Agreement"), among STONE CONTAINER CORPORATION, a Delaware corporation ("Stone"), SMURFIT-STONE CONTAINER CANADA INC., a corporation continued under the Companies Act (Nova Scotia) ("SSC Canada" and, together with Stone, the "Borrowers"), the lenders party thereto (the "Lenders"), JPMORGAN CHASE BANK, a New York banking corporation, as agent for the Lenders (an "Agent"), DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as agent for the Lenders (an "Agent"), as collateral agent for the Lenders, as administrative agent for the Lenders (the "Administrative Agent"), as swingline lender (the "Swingline Lender") and as Revolving Facility Facing Agent, and DEUTSCHE BANK AG, CANADA BRANCH, an authorized foreign bank permitted to carry on business in Canada and listed in Schedule III of the Bank Act (Canada), as Canadian administrative agent for the Lenders and as Revolving (Canadian) Facility Facing Agent (together with the Revolving Facility Facing Agent, the "Facing Agents").

        A.    Pursuant to the terms and subject to the conditions contained in the Credit Agreement, the Lenders, the Swingline Lender and the Facing Agents have extended, and have agreed to extend, credit to the Borrowers.

        B.    The Borrowers have informed the Agents that (i) Stone, SSCC, SSCC LUX I S.A.R.L., SSCC LUX VII S.A.R.L., Smurfit Canada Holdings Limited and Smurfit International B.V. executed an Exchange and Sale Agreement dated February 20, 2003 and (ii) Stone, SSCC, SSCC LUX V S.A.R.L., SSCC LUX III S.A.R.L., Smurfit Investments France S.A. and Smurfit International B.V. executed a Stock Purchase Agreement dated February 20, 2003, pursuant to which the MBI Transaction (including the Europa Carton Sale) shall be effected. Upon the consummation of the MBI Transaction, (x) a Subsidiary shall sell to one or more subsidiaries of JSG (a "JSG Sub") and a JSG Sub shall purchase from a Subsidiary all of the equity interests of a portion of SSC Canada's European Subsidiaries and Stone's European Subsidiaries, (y) a JSG Sub shall sell to a Subsidiary and a Subsidiary shall purchase from a JSG Sub the remaining equity interests of MBI Limited and Smurfit-MBI not already owned by SSC Canada and (z) a JSG Sub shall pay to a Subsidiary gross proceeds of approximately Euro 185,000,000 in cash.

        C.    In connection with the MBI Transaction, the Borrowers have requested that the Requisite Lenders (as defined in Section 4 below) agree to (i) waive certain provisions of the Credit Agreement to the extent, but only to the extent, necessary to permit the Borrowers to allocate the Net Cash Proceeds of the MBI Transaction (the "MBI

1


Proceeds") to the prepayment of Term Loans on the terms set forth herein and (ii) amend certain provisions of the Credit Agreement. The Requisite Lenders are willing so to amend the Credit Agreement and to grant such waiver on the terms and subject to the conditions set forth herein.

        D.    Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

        Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

        SECTION 1.    Amendments.    

        (a)   Section 6.10(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(b) Cause each wholly owned Domestic Subsidiary that is or becomes a Material Subsidiary and each wholly owned Canadian Subsidiary (in each case, other than any Inactive Subsidiary) to undertake the obligation of, and to become a Guarantor pursuant to, the St. Laurent (U.S.) Subsidiary Guarantee Agreement, the Quebec Subsidiary Guarantee Agreement or the SSC Canada Subsidiary Guarantee Agreement respectively; provided, however, that no (x) Foreign Subsidiary shall be required to guarantee the Obligations of Stone hereunder, (y) each such Subsidiary that owns real or personal property in the State of Maryland shall undertake the obligation of, and become a Guarantor pursuant to, a Maryland Subsidiary Guarantee Agreement, and (z) each such Subsidiary that owns movable or immovable property in the Province of Quebec shall undertake the obligation of, and become a Guarantor pursuant to, the Quebec Subsidiary Guarantee Agreement; provided further, that each Subsidiary that is acquired upon, or formed in connection with, the consummation of the MBI Transaction and that is required to become a Guarantor pursuant to this paragraph (b), shall become a Guarantor as provided above within six months after the consummation of the MBI Transaction."

        (b)   Section 6.10(c) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(c) From time to time the Borrowers will, at their cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected (or, in the case of the Province of Quebec, published) security interests or hypothecs with respect to such of the assets and properties of Stone and its wholly owned Domestic Subsidiaries and of SSC Canada and the wholly owned Canadian Subsidiaries that are acquired after the Restatement Date, or, in the case of the assets and properties acquired in connection with the MBI Transaction, the Borrowers will secure

2


    the Obligations as provided above within six months after the consummation of the MBI Transaction, in each case as either Agent or the Required Lenders shall reasonably request; provided, however, that this paragraph (c) and paragraph (d) below shall not apply to (i) any assets or property located at or otherwise used in the operation of any facility or property listed on Schedule 7.02(a)(xiii) or (ii) any category or type of assets or property other than those which presently secure the Obligations (i.e., stock, real property, equipment, fixtures, inventory and related documents and proceeds thereof); and provided further that, except as provided below with respect to After-Acquired Mortgage Property, the Borrowers shall not be required to take any further action pursuant to this paragraph (c) unless and until the aggregate fair market value of such newly acquired assets and property exceeds U.S.$10,000,000. Such security interests and Liens will be created under the Security Documents and other security agreements, mortgages, deeds of trust and other instruments and documents in form and substance reasonably satisfactory to the Collateral Agent, and the Borrowers shall deliver or cause to be delivered to the Lenders all such instruments and documents (including customary legal opinions, title insurance policies or title opinions and lien searches) as the Collateral Agent shall reasonably request to evidence compliance with this Section 6.10(c). The Borrowers agree to provide such evidence as the Collateral Agent shall reasonably request as to the perfection and priority status of each such security interest and Lien."

        SECTION 2.    Waiver.    The Requisite Lenders hereby waive the provisions of Section 2.13(f) of the Credit Agreement to the extent, but only to the extent, necessary to permit the Borrowers to allocate a greater proportion of, or all of, the mandatory prepayments from the MBI Proceeds to the Tranche C Loans, subject to the provisions of Section 2.17 of the Credit Agreement.

        SECTION 3.    Representations and Warranties.    To induce the other parties hereto to enter into this Amendment, each of the Borrowers represents and warrants to each other party hereto that, after giving effect to this Amendment, (a) the representations and warranties set forth in Article IV of the Credit Agreement are true and correct in all material respects on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date, and (b) no Default or Event of Default has occurred and is continuing.

        SECTION 4.    Effectiveness.    This Amendment shall become effective on the date the Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of (i) the Required Lenders, (ii) Tranche B Lenders holding a majority of the aggregate outstanding principal amount of the Tranche B Loans (together with the Required Lenders, the "Requisite Lenders") and (iii) each of the Borrowers.

        SECTION 5.    Effect of Amendment.    Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of,

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or otherwise affect the rights and remedies of the Lenders, the Agents, the Administrative Agent, the Collateral Agent, the Facing Agents, the Swingline Lender or the Borrowers under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrowers to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement, as modified hereby. This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other Loan Documents.

        SECTION 6.    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 constitute but one and the same instrument. Delivery of any executed counterpart of a signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

        SECTION 7.    Applicable Law.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

        SECTION 8.    Headings.    The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

[signature pages follow]

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

    STONE CONTAINER CORPORATION,

 

 

by

 

Richard P. Marra
     
      Name: Richard P. Marra
      Title: Assistant Treasurer

 

 

SMURFIT-STONE CONTAINER CANADA INC.,

 

 

by

 

Richard P. Marra
     
      Name: Richard P. Marra
      Title: Assistant Treasurer

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS, individually and as an Agent, Administrative Agent, Collateral Agent, Revolving Facility Facing Agent and Swingline Lender,

 

 

by

 

Marco Orlando
     
      Name: Marco Orlando
      Title: Director

 

 

JPMORGAN CHASE BANK, individually and as an Agent,

 

 

by

 

Peter S. Predun
     
      Name: Peter S. Predun
      Title: Vice President

5



 

 

AERIES FINANCE-II LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Sub-Managing Agent,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

ADDISON CDO, LIMITED (#1279)

 

 

By: Pacific Investment Management Company LLC, as its Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

AG CAPITAL FUNDING PARTNERS, L.P.

 

 

By: Angelo, Gordon & Co., L.P., as Investment Advisor,

 

 

by

 

John W. Fraser
     
      Name: John W. Fraser
      Title: Managing Director

6



 

 

AIM FLOATING RATE FUND

 

 

By: INVESCO Senior Secured Management, Inc. as Attorney-in-fact,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

AIMCO CLO SERIES 2001-A,

 

 

by

 

Chris Goergen
     
      Name: Chris Goergen
      Title: Authorized Signatories

 

 

by

 

Jerry D. Zinkula
     
      Name: Jerry D. Zinkula
      Title: Authorized Signatories

 

 

AIMCO CDO SERIES 2000-A,

 

 

by

 

Chris Goergen
     
      Name: Chris Goergen
      Title: Authorized Signatories

 

 

by

 

Jerry D. Zinkula
     
      Name: Jerry D. Zinkula
      Title: Authorized Signatories

 

 

ALLSTATE LIFE INSURANCE COMPANY,

 

 

by

 

Chris Goergen
     
      Name: Chris Goergen
      Title: Authorized Signatories

7



 

 

by

 

Jerry D. Zinkula
     
      Name: Jerry D. Zinkula
      Title: Authorized Signatories

 

 

ALLSTATE LIFE INSURANCE COMPANY,

 

 

by

 

Chris Goergen
     
      Name: Chris Goergen
      Title: Authorized Signatories

 

 

by

 

Jerry D. Zinkula
     
      Name: Jerry D. Zinkula
      Title: Authorized Signatories

 

 

AMARA-I FINANCE, LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Financial Manager,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

AMARA 2 FINANCE, LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Financial Manager,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

8



 

 

AMMC CDO II, LIMITED

 

 

By: American Money Management Corp., as Collateral Manager,

 

 

by

 

David P. Meyer
     
      Name: David P. Meyer
      Title: Vice President

 

 

APEX (TRIMARAN) CDO I, LTD.

 

 

By: Trimaran Advisors, L.L.C.,

 

 

by

 

David M. Millison
     
      Name: David M. Millison
      Title: Managing Director

 

 

APEX (IDM) CDO I, LTD.
ELC (CAYMAN) LTD. CDO SERIES 1999-I
ELC (CAYMAN) LTD. CDO SERIES 1999-III
ELC (CAYMAN) LTD. 2000-I
TRYON CLO LTD. 2000-I
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
MAPLEWOOD (CAYMAN) LIMITED
SUFFIELD CLO, LIMITED,

 

 

by

 

Glenn P. Duffy
     
      Name: Glenn P. Duffy, CFA
      Title: Managing Director

9



 

 

ARES Leveraged Investment Fund II, L.P.

 

 

By: ARES Management II, L.P., as General Partner,

 

 

by

 

Seth J. Brufsky
     
      Name: Seth J. Brufsky
      Title: Vice President

 

 

ARES III CLO LTD.

 

 

By: ARES CLO Management, LLC, as Investment Manager,

 

 

by

 

Seth J. Brufsky
     
      Name: Seth J. Brufsky
      Title: Vice President

 

 

ARES IV CLO LTD.

 

 

By: Ares CLO Management IV, L.P., as Investment Manager,

 

 

By: Ares CLO GP IV, LLC, as Managing Member,

 

 

by

 

Seth J. Brufsky
     
      Name: Seth J. Brufsky
      Title: Vice President

10



 

 

ARES V CLO LTD.

 

 

By: Ares CLO Management V, L.P., as Investment Manager,

 

 

By: Ares CLO GP V, LLC, as Managing Member,

 

 

by

 

Seth J. Brufsky
     
      Name: Seth J. Brufsky
      Title: Vice President

 

 

ARES VI CLO LTD.

 

 

By: Ares CLO GP VI, LLC, as Management Member,

 

 

by

 

Seth J. Brufsky
     
      Name: Seth J. Brufsky
      Title: Vice President

 

 

ATHENA CDO, LIMITED (#1277)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

ATRIUM CDO,

 

 

by

 

David H. Lerner
     
      Name: David H. Lerner
      Title: Authorized Signatory

11



 

 

AVALON CAPITAL LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Portfolio Advisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

AVALON CAPITAL LTD. 2

 

 

By: INVESCO Senior Secured Management, Inc., as Portfolio Advisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

BALLYROCK CDO I LIMITED,

 

 

by

 

Lisa Rymut
     
      Name: Lisa Rymut
      Title: Assistant Treasurer

 

 

BANK OF AMERICA, N.A.,

 

 

by

 

Michael Balok
     
      Name: Michael Balok
      Title: Managing Director

 

 

BANK OF CHINA (CANADA),

 

 

by

 

Dashu Zhu
     
      Name: Dashu Zhu
      Title: Executive Vice President

12



 

 

THE BANK OF NEW YORK,

 

 

by

 

Mark Wrigley
     
      Name: Mark Wrigley
      Title: Vice President

 

 

BANK ONE, NA,

 

 

by

 

Karen C. Ryan
     
      Name: Karen C. Ryan
      Title: Director

 

 

THE BANK OF NOVA SCOTIA,

 

 

by

 

N. Bell
     
      Name: N. Bell
      Title: Senior Manager

 

 

BEDFORD CDO, LIMITED (#1276)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

BIG SKY SENIOR LOAN FUND, LTD.

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

13



 

 

BLUE SQUARE FUNDING SERIES 3

 

 

By: Deutsche Bank Trust Co. Americas, f/k/a Bankers Trust Co.,

 

 

by

 

Jennifer Bohannon
     
      Name: Jennifer Bohannon
      Title: Assistant Vice President

 

 

C-SQUARED CDO LTD.

 

 

By: TCW Advisors, Inc., as Portfolio Manager,

 

 

by

 

G. Steven Kalin
     
      Name: G. Steven Kalin
      Title: Vice President

 

 

CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM

 

 

By: Highland Capital Management, L.P., as Authorized Representatives of the Board,

 

 

by

 

 
     
      Name:  
      Title:  

 

 

CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (#2980)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

14



 

 

CAPTIVA III FINANCE LTD. (ACCT. 275)

 

 

By: Pacific Investment Management Company LLC,

 

 

by

 

David Dyer
     
      Name: David Dyer
      Title: Director

 

 

CAPTIVA IV FINANCE LTD. (ACCT. 1275)

 

 

By: Pacific Investment Management Company LLC,

 

 

by

 

David Dyer
     
      Name: David Dyer
      Title: Director

 

 

CASTLE HILL I—INGOTS, LTD.

 

 

By: Sankaty Advisors, LLC, as Collateral Manager,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director, Portfolio Manager

 

 

CASTLE HILL II—INGOTS, LTD.

 

 

By: Sankaty Advisors, LLC, as Collateral Manager,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director Portfolio Manager

15



 

 

CERES II FINANCE LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Sub-Managing Agent (Financial),

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

CHARTER VIEW PORTFOLIO

 

 

By: INVESCO Senior Secured Management, Inc., as Investment Advisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

CONTINENTAL CASUALTY COMPANY,

 

 

by

 

Marilou R. McGirr
     
      Name: Marilou R. McGirr
      Title: Vice President

 

 

CONSTANTINUS EATON VANCE CDO V, LTD.

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

16



 

 

CREDIT INDUSTRIEL ET COMMERCIAL,

 

 

by

 

Sean Mounier
     
      Name: Sean Mounier
      Title: First Vice President

 

 

by

 

Brian O'Leary
     
      Name: Brian O'Leary
      Title: Vice President

 

 

CSAM FUNDING III,

 

 

by

 

David H. Lerner
     
      Name: David H. Lerner
      Title: Authorized Signatory

 

 

CREDIT AGRICOLE INDOSUZ,

 

 

by

 

Gerard M. Russell
     
      Name: Gerard M. Russell
      Title: Vice President, Manager

 

 

by

 

Laurence F. Grant
     
      Name: Laurence F. Grant
      Title: Senior Relationship Manager

 

 

DEBT STRATEGIES FUND, INC.,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

17



 

 

DELANO COMPANY (#274)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

DEUTSCHE BANK AG, CANADA BRANCH,

 

 

by

 

Karyn Curran
     
      Name: Karyn Curran
      Title: Credit Product Manager

 

 

by

 

Paul M. Jurist
     
      Name: Paul M. Jurist
      Title: Managing Director and Principal Officer

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Investment Advisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

18



 

 

DRYDEN LEVERAGED LOAN CDO 2002-II

 

 

By: Prudential Investment Management, Inc., as Collateral Manager,

 

 

by

 

Paul Meiring
     
      Name: Paul Meiring
      Title: Managing Director

 

 

DRYDEN III LEVERAGED LOAN CDO 2002

 

 

By: Prudential Investment Management, Inc., as Collateral Manager,

 

 

by

 

Paul Meiring
     
      Name: Paul Meiring
      Title: Managing Director

 

 

DRESDNER BANK, NEW YORK BRANCH,

 

 

by

 

Lynda Grainger
     
      Name: Lynda Grainger
      Title: Director

 

 

by

 

Brian Smith
     
      Name: Brian Smith
      Title: Director

19



 

 

EASTMAN HILL FUNDING I, LIMITED

 

 

By: TCW Asset management Company, as Collateral Manager,

 

 

by

 

Mark L. Gold
     
      Name: Mark L. Gold
      Title: Managing Director

 

 

EATON VANCE CDO III, LTD.

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

EATON VANCE CDO II, LTD.

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

EATON VANCE CDO IV, LTD.

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

20



 

 

EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

EATON VANCE SENIOR INCOME TRUST

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

EATON VANCE VT FLOATING RATE INCOME FUND

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

ELF FUNDING TRUST I

 

 

By: Highland Capital Management, L.P., as Capital Manager,

 

 

by

 

 
     
      Name:  
      Title:  

21



 

 

EMERALD ORCHARD LIMITED,

 

 

by

 

Gwen Zirkle
     
      Name: Gwen Zirkle
      Title: Attorney-in-Fact

 

 

FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND,

 

 

by

 

John H. Costello
     
      Name: John H. Costello
      Title: Assistant Treasurer

 

 

FIRST DOMINION FUNDING I,

 

 

by

 

David H. Lerner
     
      Name: David H. Lerner
      Title: Authorized Signatory

 

 

FIRST DOMINION FUNDING II,

 

 

by

 

David H. Lerner
     
      Name: David H. Lerner
      Title: Authorized Signatory

 

 

FIRST DOMINION FUNDING III,

 

 

by

 

David H. Lerner
     
      Name: David H. Lerner
      Title: Authorized Signatory

22



 

 

THE FOOTHILL GROUP, INC.,

 

 

by

 

Sean T. Dixon
     
      Name: Sean T. Dixon
      Title: Vice President

 

 

FOOTHILL INCOME TRUST, L.P.

 

 

By: FIT GP, LLC, its Managing General Partner,

 

 

by

 

Sean T. Dixon
     
      Name: Sean T. Dixon
      Title: Managing Member

 

 

FRANKLIN CLO I, LIMITED,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Vice President

 

 

FRANKLIN CLO II, LIMITED,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Vice President

 

 

FRANKLIN CLO III, LIMITED,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Vice President

23



 

 

FRANKLIN FLOATING RATE TRUST,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Assistant Vice President

 

 

FRANKLIN FLOATING RATE MASTER SERIES,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Assistant Vice President

 

 

FRANKLIN FLOATING RATE DAILY ACCESS FUND,

 

 

by

 

David Ardini
     
      Name: David Ardini
      Title: Assistant Vice President

 

 

GALAXY CLO 1999-1, LTD.

 

 

by

 

John G. Lapham, III
     
      Name: John G. Lapham III
      Title: Authorized Agent

 

 

GALAXY CLO 2003-1, LTD.

 

 

By: CIBC Inc., as Agent

 

 

by

 

 
     
      Name:  
      Title:  

24



 

 

GENERAL ELECTRIC CAPITAL CORPORATION,

 

 

by

 

Janet K. Williams
     
      Name: Janet K. Williams
      Title: Duly Authorized Signatory

 

 

GLENEAGLES TRADING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Asst. Vice President

 

 

GRAYSON & CO.

 

 

By: Boston Management and Research, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

 

 

GREAT POINT CLO 1999-1, LTD.

 

 

By: Sankaty Advisors, LLC, as Collateral Manager,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director Portfolio Manager

 

 

HARBOUR TOWN FUNDING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

25



 

 

HARBOUR TOWN FUNDING TRUST,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

HARCH CLO I, LTD.,

 

 

by

 

Michael E. Lewitt
     
      Name: Michael E. Lewitt
      Title: Authorized Signatory

 

 

HIGHLAND OFFSHORE PARTNERS, L.P.

 

 

By: Highland Capital Management, L.P. as Collateral Manager,

 

 

by

 

Mark Okada
     
      Name: Mark Okada
      Title: Chief Investment Officer
Highland Capital Management, L.P.

 

 

HIGHLAND LOAN FUNDING V LTD.

 

 

By: Highland Capital Management, L.P. as Collateral Manager,

 

 

by

 

Mark Okada
     
      Name: Mark Okada
      Title: Chief Investment Officer
Highland Capital Management, L.P.

26



 

 

HIGHLAND LEGACY LIMITED

 

 

By: Highland Capital Management, L.P. as Capital Manager,

 

 

by

 

Mark Okada
     
      Name: Mark Okada
      Title: Chief Investment Officer
Highland Capital Management, L.P.

 

 

INTERCONTINENTAL CDO S.A. (#1284)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

INVESCO EUROPEAN CDO I S.A.

 

 

By: INVESCO Senior Secured Management, Inc., as Collateral Manager,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

INVESCO CBO 2000-1 LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Portfolio Advisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

27



 

 

JISSEKIKUN FUNDING, LTD. (#1288)

 

 

By: Pacific Investment Management Company LLC, as Investment Advisor,

 

 

by

 

Mohan V. Phansalkar
     
      Name: Mohan V. Phansalkar
      Title: Executive Vice President

 

 

JUPITER LOAN FUNDING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

KATONAH I, LTD.,

 

 

by

 

Ralph Della Rocca
     
      Name: Ralph Della Rocca
      Title: Authorized Officer, Katonah Capital, as Manager

 

 

KATONAH II, LTD.,

 

 

by

 

Ralph Della Rocca
     
      Name: Ralph Della Rocca
      Title: Authorized Officer, Katonah Capital, as Manager

 

 

KATONAH III, LTD.,

 

 

by

 

Ralph Della Rocca
     
      Name: Ralph Della Rocca
      Title: Authorized Officer, Katonah Capital, as Manager

28



 

 

KATONAH IV, LTD.,

 

 

by

 

Ralph Della Rocca
     
      Name: Ralph Della Rocca
      Title: Authorized Officer, Katonah Capital, as Manager

 

 

KZH CNC LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

KZH CRESCENT LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

KZH CRESCENT-2 LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

KZH CRESCENT-3 LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

29



 

 

KZH RIVERSIDE LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

KZH SOLEIL LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

KZH SOLEIL-2 LLC,

 

 

by

 

Dorian Herrera
     
      Name: Dorian Herrera
      Title: Authorized Agent

 

 

LCM I LIMITED PARTNERSHIP

 

 

By: Lyon Capital Management, as Attorney-in-Fact,

 

 

by

 

Farboud Tavangar
     
      Name: Farboud Tavangar
      Title: Senior Portfolio Manager

 

 

LONG LANE MASGTER TRUST IV

 

 

By: Fleet National Bank, as Trust Administrator,

 

 

by

 

Kevin Kearns
     
      Name: Kevin Kearns
      Title: Managing Director

30



 

 

LONGHORN CDO (CAYMAN) LTD.

 

 

By: Merrill Lynch Investment Managers, L.P., as Investment Advisor,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

 

 

LONGHORN CDO II, LTD.

 

 

By: Merrill Lynch Investment Managers, L.P., as Investment Advisor,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

 

 

MAGNETITE IV CLO, LIMITED,

 

 

by

 

M. Williams
     
      Name: M. Williams
      Title: M.D.

 

 

BLACK ROCK SENIOR LOAN TRUST,

 

 

by

 

M. Williams
     
      Name: M. Williams
      Title: M.D.

 

 

MASTER SENIOR FLOATING RATE TRUST,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

31



 

 

MERRILL LYNCH GLOBAL INVESTMENT SERIES: INCOME STRATEGIES PORTFOLIO

 

 

By: Merrill Lynch Investment Managers, L.P., as Investment Advisor,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

 

 

MERRILL LYNCH GLOBAL INVESTMENT SERIES: BANK LOAN INCOME PORTFOLIO

 

 

By: Merrill Lynch Investment Managers, L.P., as Investment Advisor,

 

 

by

 

Joseph Matteo
     
      Name: Joseph Matteo
      Title: Authorized Signatory

 

 

NEW ALLIANCE GLOBAL CDO, LIMITED

 

 

By: Alliance Capital Management L.P, as Sub-Advisor,

 

 

By: Alliance Capital Management Corporation, as General Partner,

 

 

by

 

Sverker Johansson
     
      Name: Sverker Johansson
      Title: Vice President

32



 

 

MONUMENT CAPITAL, LTD.

 

 

By: Alliance Capital Management L.P., as Investment Manager,

 

 

By: Alliance Capital Management Corporation, as General Partner,

 

 

by

 

Sverker Johansson
     
      Name: Sverker Johansson
      Title: Vice President

 

 

NORTHWOODS CAPITAL, LIMITED

 

 

By: Angelo, Gordon & Co., L.P., as Collateral Manager,

 

 

by

 

John W. Fraser
     
      Name: John W. Fraser
      Title: Managing Director

 

 

NORTHWOODS CAPITAL II, LIMITED

 

 

By: Angelo, Gordon & Co., L.P., as Collateral Manager,

 

 

by

 

John W. Fraser
     
      Name: John W. Fraser
      Title: Managing Director

 

 

NORTHWOODS CAPITAL III, LIMITED

 

 

By: Angelo, Gordon & Co., L.P., as Collateral Manager,

 

 

by

 

John W. Fraser
     
      Name: John W. Fraser
      Title: Managing Director

33



 

 

OASIS COLLATERALIZED HIGH INCOME PORTFOLIOS-1, LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Subadvisor,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

OAK HILL CREDIT PARTNERS I, LIMITED

 

 

By: Oak Hill CLO Management I, LLC as Investment Manager,

 

 

by

 

Scott D. Krase
     
      Name: Scott D. Krase
      Title: Authorized Signatory

 

 

OAK HILL CREDIT PARTNERS II, LIMITED

 

 

By: Oak Hill CLO Management II, LLC as Investment Manager,

 

 

by

 

Scott D. Krase
     
      Name: Scott D. Krase
      Title: Authorized Signatory

34



 

 

OAK HILL SECURITIES FUND, L.P.

 

 

By: Oak Hill Securities GenPar, L.P., its General Partner,

 

 

By: Oak Hill Securities MGP, Inc., its General Partner,

 

 

by

 

Scott D. Krase
     
      Name: Scott D. Krase
      Title: Authorized Signatory

 

 

OAK HILL SECURITIES FUND II, L.P.

 

 

By: Oak Hill Securities GenPar II, L.P., its General Partner,

 

 

By: Oak Hill Securities MGP II, Inc., its General Partner,

 

 

by

 

Scott D. Krase
     
      Name: Scott D. Krase
      Title: Authorized Signatory

 

 

OXFORD STRATEGIC INCOME FUND

 

 

By: Eaton Vance Management, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

35



 

 

PAM CAPITAL FUNDING L.P. (CLO III)

 

 

By: Highland Capital Management, L.P. as Collateral Manager,

 

 

by

 

Mark Okada
     
      Name: Mark Okada
      Title: Chief Investment Officer
Highland Capital Management, L.P.

 

 

PINEHURST TRADING, INC.,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

PPM SPYGLASS FUNDING TRUST,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

PPM SHADOW CREEK FUNDING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

PROTECTIVE LIFE INSURANCE COMPANY,

 

 

by

 

Diane S. Griswold
     
      Name: Diane S. Griswold
      Title: Assistant Vice President

36



 

 

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

 

 

By: Prudential Investment Management, Inc., as Investment Advisor,

 

 

by

 

Paul Meiring
     
      Name: Paul Meiring
      Title: Managing Director

 

 

RACE POINT CLO, LIMITED

 

 

By: Sankaty Advisors, LLC, as Collateral Manager,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director Portfolio Manager

 

 

RACE POINT II CLO, LIMITED

 

 

By: Sankaty Advisors, LLC, as Collateral Manager,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director Portfolio Manager

37



 

 

RESTORATION FUNDING CLO, LTD.

 

 

By: Highland Capital Management, L.P. as Collateral Manager,

 

 

by

 

Mark Okada
     
      Name: Mark Okada
      Title: Chief Investment Officer
Highland Capital Management, L.P.

 

 

REGIONS BANK,

 

 

by

 

Tammy M. Foshee
     
      Name: Tammy M. Foshee
      Title: Assistant Vice President

 

 

SANKATY HIGH YIELD PARTNERS II, L.P.,

 

 

by

 

Diane J. Exter
     
      Name: Diane J. Exter
      Title: Managing Director Portfolio Manager

 

 

SUNAMERICA LIFE INSURANCE COMPANY,

 

 

by

 

John G. Lapham, III
     
      Name: John G. Lapham, III
      Title: Authorized Agent

38



 

 

SL LOANS I LIMITED (SL LOANS I LTD. COLLATERAL LOAN)

 

 

By: Highland Capital Management, L.P., as Attorney-in-Fact,

 

 

by

 

 
     
      Name:  
      Title:  

 

 

TEXTRON FINANCIAL CORPORATION,

 

 

by

 

Matthew J. Colgan
     
      Name: Matthew J. Colgan
      Title: Vice President

 

 

TORONTO DOMINION (NEW YORK), INC.,

 

 

by

 

Gwen Zirkle
     
      Name: Gwen Zirkle
      Title: Vice President

 

 

TUSCANY CDO, LIMITED

 

 

By: PPM America, Inc., as Collateral Manager,

 

 

by

 

David C. Wagner
     
      Name: David C. Wagner
      Title: Managing Director

39



 

 

SARATOGA CLO I, LIMITED

 

 

By: INVESCO Senior Secured Management, Inc., as Asset Manager,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

SEQUILS-LIBERTY, LTD.

 

 

By: INVESCO Senior Secured Management, Inc., as Collateral Manager,

 

 

by

 

Joseph Rotondo
     
      Name: Joseph Rotondo
      Title: Authorized Signatory

 

 

SAWGRASS TRADING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

SENIOR DEBT PORTFOLIO

 

 

By: Boston Management and Research, as Investment Advisor,

 

 

by

 

Payson F. Swaffield
     
      Name: Payson F. Swaffield
      Title: Vice President

40



 

 

SEQUILS-GLACE BAY, LTD.

 

 

By: Royal Bank of Canada, as Collateral Manager,

 

 

by

 

Melissa Marano
     
      Name: Melissa Marano
      Title: Partner

 

 

SOCIETE GENERALE,

 

 

by

 

Elizabeth R. Peck
     
      Name: Elizabeth R. Peck
      Title: Director

 

 

STANWICH LOAN FUNDING LLC,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Assistant Vice President

 

 

WINGED FOOT FUNDING TRUST,

 

 

by

 

Diana L. Mushill
     
      Name: Diana L. Mushill
      Title: Authorized Agent

41




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