EX-4.K 4 l90295aex4-k.txt EXHIBIT 4(K) EXHIBIT 4(k) Amendment No. 3, dated as of December 12, 2001, to the Credit Agreement, dated as of December 4, 1998 Exhbit 4(k) AMENDMENT NO. 3 AMENDMENT NO. 3, dated as of December 12, 2001 (this "THIRD AMENDMENT"), to the Credit Agreement, dated as of December 4, 1998 (as amended by the Waiver, dated as of January 19, 1999, the Amendment No. 1 and Consent, dated as of October 13, 1999, Waiver No. 2, dated as of February 14, 2000, Amendment No. 2, dated as of June 9, 2000, the Amended and Restated Credit Agreement, dated as of December 5, 2000, and Waiver No. 3, dated as of October 19, 2001, and as otherwise amended, supplemented or otherwise modified from time to time, the "CREDIT AGREEMENT"), among THE SCOTTS COMPANY, an Ohio corporation (the "BORROWER"), certain subsidiaries of the Borrower who are also borrowers from time to time under the Credit Agreement (the "SUBSIDIARY BORROWERS"), the several banks and other financial institutions from time to time parties to the Credit Agreement (the "LENDERS"), JPMORGAN CHASE BANK (formerly The Chase Manhattan Bank), as agent for the Lenders (in such capacity, the "ADMINISTRATIVE Agent"), SALOMON SMITH BARNEY, INC., as syndication agent (the "SYNDICATION AGENT"), CREDIT LYONNAIS NEW YORK BRANCH and BANK ONE, MICHIGAN, as successor to NBD BANK, as co-documentation agents (the "CO-DOCUMENTATION AGENTS"), and J.P. MORGAN SECURITIES INC., as successor to CHASE SECURITIES INC., as lead arranger (the "LEAD ARRANGER") and book manager (the "BOOK MANAGER"). W I T N E S S E T H : - - - - - - - - - - WHEREAS, the Borrower wishes to amend the Credit Agreement as described herein and requests the waiver under the Credit Agreement described herein; and WHEREAS, the Lenders and the Administrative Agent are willing to amend and waive the Credit Agreement as provided for herein, but only on the terms and conditions contained herein; NOW, THEREFORE, in consideration of the premises and of the mutual agreements herein contained, the parties hereto agree as follows: I. AMENDMENTS AND WAIVER 1. DEFINED TERMS. Unless otherwise defined herein, capitalized terms used herein shall have the meanings given to them in the Credit Agreement. 2. AMENDMENT TO SECTION 1.1 (DEFINED TERMS). (a) Section 1.1 of the Credit Agreement is hereby amended by deleting therefrom the definition of "EBITDA" in its entirety and substituting, in lieu thereof, the following: ""EBITDA" shall mean without duplication, for any fiscal period, the sum of the amounts for such fiscal period of (i) Consolidated Net Income, (ii) provision for taxes based on income, (iii) depreciation expense, 2 2 (iv) Consolidated Interest Expense, (v) amortization expense, (vi) other non-recurring, non-cash items reducing Consolidated Net Income (reduced by any non-recurring, non-cash items increasing Consolidated Net Income), all as determined on a consolidated basis for the Borrower and its Subsidiaries in conformity with GAAP and (vii) in respect of the periods of four consecutive quarterly periods ending September 30, 2001, December 31, 2001, March 31, 2002 and June 30, 2002, $47,814,000, $47,814,000, $47,814,000 and $41,119,000 respectively, to reflect cash restructuring charges; PROVIDED, HOWEVER, that the amounts set forth in clause (vii) above shall not be included in EBITDA for purposes of determining the Leverage Ratio pursuant to the Pricing Grid." (b) Section 1.1 of the Credit Agreement is hereby further amended by deleting in the definition of "Subordinated Debt" the phrase "clause (iii)" and inserting, in lieu thereof, the phrase "clause (ii)". 3. AMENDMENT TO SECTION 2.4 (REVOLVING CREDIT COMMITMENTS). Sections 2.4(i) and (ii) are hereby amended by deleting them in their entirety and substituting, in lieu thereof, the following new Sections 2.4(i) and (ii): "(i) the sum of the Dollar Equivalent of the then outstanding Revolving Credit Loans in Optional Currencies other than Sterling and the then outstanding L/C Obligations in Optional Currencies other than Sterling would exceed the Optional Currency Equivalent of $200,000,000 (such Optional Currency Equivalent, the "MAXIMUM NON-STERLING OPTIONAL CURRENCY AMOUNT"); or (ii) the sum of the Dollar Equivalent of the then outstanding Revolving Credit Loans in Optional Currencies including Sterling and outstanding L/C Obligations in Optional Currencies including Sterling would exceed the Optional Currency Equivalent of $360,000,000 (such Optional Currency Equivalent, the "MAXIMUM OPTIONAL CURRENCY AMOUNT")". 4. AMENDMENT TO SECTION 2.12 (MANDATORY PREPAYMENTS). (a) Section 2.12(b) is hereby amended by deleting the figure "25%" and inserting, in lieu thereof, the figure "0%". (b) Section 2.12(c) of the Credit Agreement is hereby amended by deleting it in its entirety and substituting, in lieu thereof, the following new Section 2.12(c): "Unless the Required Prepayment Lenders shall otherwise agree, if any Indebtedness shall be incurred by the Borrower or any of its Subsidiaries (excluding any Indebtedness incurred in accordance with subsection 7.6), the Borrower shall apply an amount equal to 100% of the Net Cash Proceeds thereof or the equivalent thereof on the date of such incurrence toward the prepayment of the Term Loans and the reduction of the Revolving Credit Commitments as set forth in subsection 2.12(f). 5. AMENDMENT TO SECTION 6.9 (INTEREST COVERAGE). Section 6.9 of the Credit Agreement is hereby amended by deleting the portions of the table therein corresponding to the dates set forth below and inserting, in lieu thereof, the following: 3 Date Ratio ---- ----- December 31, 2001 2.40 to 1 March 31, 2002 2.40 to 1 June 30, 2002 2.60 to 1 September 30, 2002 2.75 to 1 December 31, 2002 2.75 to 1 March 31, 2003 3.00 to 1 6. AMENDMENT TO SECTION 6.10 (MAINTENANCE OF LEVERAGE RATIO). Section 6.10 of the Credit Agreement is hereby amended by deleting the portions of the table therein corresponding to the dates set forth below and inserting, in lieu thereof, the following: Date Ratio ---- ----- December 31, 2001 4.60 to 1 March 31, 2002 4.80 to 1 June 30, 2002 4.50 to 1 September 30, 2002 4.25 to 1 December 31, 2002 4.25 to 1 March 31, 2003 4.00 to 1 7. AMENDMENT TO SECTION 6.11 (MAINTENANCE OF CONSOLIDATED NET WORTH). Section 6.11 of the Credit Agreement is hereby deleted in its entirety. 8. AMENDMENT TO SECTION 7.6 (LIMITATION ON INDEBTEDNESS). Section 7.6(e) of the Credit Agreement is hereby amended by deleting such Section in its entirety and substituting, in lieu thereof, the following: "(e) (i) unsecured Indebtedness of the Borrower in respect of the Senior Subordinated Notes in an aggregate principal amount not to exceed $330,000,000 and (ii) unsecured Indebtedness of the Borrower under subordinated notes in an aggregate principal amount of up to $225,000,000 pursuant to one or more subordinated note indentures having subordination provisions as favorable to the Lenders as those in the Senior Subordinated Note Indenture and having no scheduled principal payments or prepayments prior to September 30, 2007, provided that any such Indebtedness in excess of $70,000,000 may only be incurred after June 30, 2003 and only when the Leverage Ratio for the most recent quarter ended on or immediately prior to the date of issuance thereof is equal to or less than 3:50 to 1;" 9. AMENDMENT TO SECTION 7.9 (LIMITATION ON SALE OF ASSETS). (a) Section 7.9(a) of the Credit Agreement is hereby amended by deleting such Section in its entirety and substituting, in lieu thereof, the following: 4 "(a) assets, PROVIDED that the aggregate fair market value of all such assets in all such transactions after December 12, 2001, shall not exceed $100,000,000." (b) Section 7.9 is further amended by inserting at the end thereof, the following: "For the avoidance of doubt, any Disposition of assets may utilize the then-unused permitted basket amounts specified in clauses (a) and (b) above in any order that the Borrower may elect." 10. AMENDMENT TO ANNEX A TO CREDIT AGREEMENT (PRICING GRID). Annex A to the Credit Agreement is hereby amended by inserting at the end thereof the following: "For the avoidance of doubt, each determination of the Leverage Ratio pursuant to this Pricing Grid shall be made without giving effect to the amounts set forth in clause (vii) of the definition of EBITDA.". II. GENERAL PROVISIONS 1. REPRESENTATIONS AND WARRANTIES. On and as of the date hereof, and after giving effect to this Third Amendment, each of the Borrower and each applicable Subsidiary Borrower hereby confirms, reaffirms and restates the representations and warranties set forth in Section 4 of the Credit Agreement MUTATIS MUTANDIS, and to the extent that such representations and warranties expressly relate to a specific earlier date in which case each of the Borrower and each applicable Subsidiary Borrower hereby confirms, reaffirms and restates such representations and warranties as of such earlier date. 2. CONDITIONS TO EFFECTIVENESS. This Third Amendment shall become effective as of the date (i) the Administrative Agent has received counterparts of this Third Amendment, duly executed and delivered by the Borrower, each Subsidiary Borrower, the Administrative Agent and the Required Prepayment Lenders, (ii) this Third Amendment has been acknowledged and consented to by each Loan Party party to the Guarantee and Collateral Agreement and (iii) an amendment fee has been paid to the Administrative Agent, for the account of each Lender that has executed and delivered to the Administrative Agent a copy of this Third Amendment by not later than 5:00 p.m. (New York time) on December 11, 2001, in an amount equal to 0.10% of the Aggregate Exposure of such Lender. 3. CONTINUING EFFECT; NO OTHER AMENDMENTS. Except as expressly amended or waived hereby, all of the terms and provisions of the Credit Agreement are and shall remain in full force and effect. The amendments provided for herein are limited to the specific subsections of the Credit Agreement specified herein and shall not constitute an amendment of, or an indication of any Lender's willingness to amend or waive, any other provisions of the Credit Agreement or the same subsections for any other date or time period (whether or not other provisions or compliance with such subsections for another date or time period are affected by the circumstances addressed in this Third Amendment). 5 4. EXPENSES. The Borrower agrees to pay and reimburse the Administrative Agent for all its reasonable costs and expenses incurred in connection with the preparation and delivery of this Third Amendment, including, without limitation the reasonable fees and disbursements of counsel to the Administrative Agent. 5. GOVERNING LAW. THIS THIRD AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 6. COUNTERPARTS. This Third Amendment may be executed by the parties hereto in any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. THE SCOTTS COMPANY By: /s/ Rebecca J. Bruening -------------------------------------------- Name: Rebecca J. Bruening Title: Vice President and Treasurer JPMORGAN CHASE BANK (formerly The Chase Manhattan Bank), as Administrative Agent and as a Lender By: /s/ Randolph E. Cates -------------------------------------------- Name: Randolph E. Cates Title: Vice President CREDIT LYONNAIS NEW YORK BRANCH, as Co-Documentation Agent and as a Lender By: /s/ Guido Van Hauwermeiren -------------------------------------------- Name: Guido Van Hauwermeiren Title: Senior Vice President Midwest Regional Manager BANK ONE, MICHIGAN, as successor to NBD BANK, as Co-Documentation Agent and as a Lender By: /s/ Paul A. Harris --------------------------------------------- Name: Paul A. Harris Title: Director ABN AMRO BANK N.V. By: /s/ Thomas Comfort ----------------------------------------- Name: Thomas Comfort Title: Senior Vice President By: /s/ Wendy E. Pace ---------------------------------------- Name: Wendy E. Pace Title: Assistant Vice President BANK OF MONTREAL By: /s/ Christopher Fisher -------------------------------------------- Name: Christopher Fisher Title: Vice President ADDISON CDO, LIMITED (ACCT 1279) By: Pacific Investment Management Company LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar -------------------------------------------- Name: Mohan V. Phansalkar Title: Executive Vice President AERIES-II FINANCE LTD. By: -------------------------------------------- Name: Title: AIMCO CDO SERIES 2000-A By: /s/ Jerry D. Zinkula -------------------------------------------- Name: Jerry D. Zinkula Title: Authorized Signatory By: /s/ David Walsh -------------------------------------------- Name: David Walsh Title: Authorized Signatory ALLSTATE LIFE INSURANCE CO. By: /s/ Jerry D. Zinkula -------------------------------------------- Name: Jerry D. Zinkula Title: Authorized Signatory By: /s/ David Walsh -------------------------------------------- Name: David Walsh Title: Authorized Signatory AMMC CDO I, LIMITED By: American Money Management Corp., as Collateral Manager By: /s/ David P. Meyer -------------------------------------------- Name: David P. Meyer Title: Vice President APEX (IPM) CDO I, LTD. By: /s/ Roshan White -------------------------------------------- Name: Roshan White Title: Vice President ARCHIMEDES FUNDING IV, LTD. By: ING Capital Advisors LLC, as Collateral Manager By: -------------------------------------------- Name: Title: ARES III CLO LTD. By: -------------------------------------------- Name: Title: ARES IV CLO LTD. By: -------------------------------------------- Name: Title: ARES LEVERAGED INVESTMENT FUND II, L.P. By: --------------------------------------------- Name: Title: AVALON CAPITAL LTD. By: INVESCO Senior Secured Management, Inc. as Portfolio Advisor By: /s/ Thomas H. B. Ewald --------------------------------------------- Name: Thomas H. B. Ewald Title: Authorized Signatory AVALON CAPITAL LTD. II By: INVESCO Senior Secured Management, Inc. as Portfolio Advisor By: /s/ Thomas H. B. Ewald --------------------------------------------- Name: Thomas H. B. Ewald Title: Authorized Signatory PB CAPITAL CORPORATION By: /s/ Thomas Dearth --------------------------------------------- Name: Thomas Dearth Title: Associate By: /s/ Jeffrey Frost --------------------------------------------- Name: Jeffrey Frost Title: Managing Director Portfolio Management BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE, INC. By: --------------------------------------------- Name: Title: By: --------------------------------------------- Name: Title: BANK OF AMERICA, N.A. By: /s/ Gretchen Spoo --------------------------------------------- Name: Gretchen Spoo Title: Principal BANK OF HAWAII By: --------------------------------------------- Name: Title: THE BANK OF NEW YORK By: /s/ Randolph E. J. Medrano --------------------------------------------- Name: Randolph E. J. Medrano Title: Vice President THE BANK OF NOVA SCOTIA By: --------------------------------------------- Name: Title: BANK OF TOKYO-MITSUBISHI TRUST COMPANY By: /s/ Catherine Moeser --------------------------------------------- Name: Catherine Moeser Title: Vice President BALANCED HIGH YIELD FUND II, LTD. By: --------------------------------------------- Name: Title: BAVARIA TRR CORPORATION By: /s/ Lori Rezza --------------------------------------------- Name: Lori Rezza Title: Vice President BNP PARIBAS By: /s/ Kristin R. Petinaux --------------------------------------------- Name: Kristin R. Petinaux Title: Associate By: /s/ Richard L. Sted --------------------------------------------- Name: Richard L. Sted Title: Central Region Manager BW CAPITAL MARKETS, INC. By: /s/ Philip G. Waldrop --------------------- Name: Philip G. Waldrop Title: Vice President By: /s/ Thomas A. Lowe --------------------------------------------- Name: Thomas A. Lowe Title: Vice President CAPTIVA IV FINANCE LTD. (ACCT. 1275), as advised by Pacific Investment Management Company LLC By: /s/ David Dyer --------------------------------------------- Name: David Dyer Title: Director CENTURION CDO II, LTD. By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Michael M. Leyland --------------------------------------------- Name: Michael M. Leyland Title: Managing Director CERES II FINANCE, LTD. By: INVESCO Senior Secured Management, Inc. as Sub-Managing Agent (Financial) By: /s/ Thomas H. B. Ewald --------------------------------------------- Name: Thomas H. B. Ewald Title: Authorized Signatory CHARTER VIEW PORTFOLIO By: INVESCO Senior Secured Management, Inc. as Investment Advisor By: /s/ Thomas H. B. Ewald --------------------------------------------- Name: Thomas H. B. Ewald Title: Authorized Signatory CITICORP USA, INC. By: /s/ Allen Fisher --------------------------------------------- Name: Allen Fisher Title: Vice President COLUMBUS LOAN FUNDING, LTD. By: Travelers Asset Management International Company, LLC By: /s/ Allen Cantrell --------------------------------------------- Name: Allen Cantrell Title: Investment Officer COMERICA BANK, Detroit By: --------------------------------------------- Name: Title: CREDIT AGRICOLE INDOSUEZ, Chicago By: --------------------------------------------- Name: Title: By: --------------------------------------------- Name: Title: CREDIT SUISSE FIRST BOSTON By: --------------------------------------------- Name: Title: CYPRESSTREE FOCUSED INVESTMENT FUND, LLC By:CypressTree Investment Management Company, Inc., its Managing Member By: --------------------------------------------- Name: Title: CYPRESSTREE INVESTMENT PARTNERS I, LTD. By:CypressTree Investment Management Company, Inc., as Portfolio Manager By: /s/ Jonathan D. Sharkey ---------------------------------------- Name: Jonathan D. Sharkey Title: Principal CYPRESSTREE INVESTMENT PARTNERS II By:CypressTree Investment Management Company, Inc., as Portfolio Manager By: /s/ Jonathan D. Sharkey --------------------------------------------- Name: Jonathan D. Sharkey 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/ Jonathan D. Sharkey --------------------------------------------- Name: Jonathan D. Sharkey Title: Principal DELANO COMPANY (ACCT 274) By:Pacific Investment Management Company LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar --------------------------------------------- Name: Mohan V. Phansalkar Title: Executive Vice President DRESDNER BANK AG By: --------------------------------------------- Name: Title: By: --------------------------------------------- Name: Title: EATON VANCE CDO II, LTD. By: Eaton Vance Management as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President EATON VANCE CDO III, LTD. By: Eaton Vance Management as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President EATON VANCE INSTITUTIONAL SENIOR LOAN FUND By: Eaton Vance Management as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President EATON VANCE SENIOR INCOME TRUST By: Eaton Vance Management as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President ELC (CAYMAN) LTD. 1999-III By: /s/ Roshan White --------------------------------------------- Name: Roshan White Title: Vice President ELC (CAYMAN) LTD. 2000-I By: /s/ Roshan White --------------------------------------------- Name: Roshan White Title: Vice President ERSTE BANK NEW YORK By: /s/ Paul Judicke --------------------------------------------- Name: Paul Judicke Title: Vice President By: /s/ John Runnion --------------------------------------------- Name: John Runnion Title: Managing Director FIDELITY II: ADVANCED FLOATING RATE HIGH INCOME FUND By: --------------------------------------------- Name: Title: FIFTH THIRD BANK OF COLUMBUS By: /s/ John K. Beanslee --------------------------------------------- Name: John K. Beanslee Title: Vice President FIRST ALLMERICA FINANCIAL LIFE INSURANCE COMPANY By: --------------------------------------------- Name: Title: FIRST UNION NATIONAL BANK By: /s/ Roger Pelz --------------------------------------------- Name: Roger Pelz Title: Senior Vice President FIRSTAR BANK, N.A. By: /s/ Robert H. Friend --------------------------------------------- Name: Robert H. Friend Title: Vice President FLAGSHIP CAPITAL By: --------------------------------------------- Name: Title: FLEET NATIONAL BANK By: /s/ Mario F. Teixeira --------------------------------------------- Name: Mario F. Teixeira Title: Vice President FORTIS PROJECT FINANCE LIMITED By: --------------------------------------------- Name: Title: By: --------------------------------------------- Name: Title: FRANKLIN CLO I, LIMITED By: --------------------------------------------- Name: Title: FRANKLIN FLOATING RATE MASTER SERIES By: --------------------------------------------- Name: Title: FREMONT INVESTMENT & LOAN By: --------------------------------------------- Name: Title: THE FUJI BANK, LIMITED By: --------------------------------------------- Name: Title: GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ Robert M. Kadlick --------------------------------------------- Name: Robert M. Kadlick Title: Duly Authorized Signatory GRAYSON & CO. By: Boston Management and Research as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President HARBOUR TOWN FUNDING TRUST By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Authorized Agent HARRIS TRUST AND SAVINGS BANK By: /s/ Christopher Fisher --------------------------------------------- Name: Christopher Fisher Title: Vice President HELLER FINANCIAL INC. By: /s/ Donald R. Campbell --------------------------------------------- Name: Donald R. Campbell Title: Vice President THE HUNTINGTON NATIONAL BANK By: --------------------------------------------- Name: Title: IKB DEUTSCHE INDUSTRIEBANK FG LUXEMBOURG BRANCH By: /s/Anja Keuchel --------------------------------------------- Name: Anja Keuchel Title: Manager By: /s/ Manfred Ziwey --------------------------------------------- Name: Manfred Ziwey Title: Director IKB DEUTSCHE INDUSTRIEBANK AG LONDON BRANCH By: /s/Anja Keuchel --------------------------------------------- Name: Anja Keuchel Title: Manager By: /s/ Manfred Ziwey --------------------------------------------- Name: Manfred Ziwey Title: Director IKB CAPITAL CORPORATION NEW YORK By: /s/ David Snyder --------------------------------------------- Name: David Snyder Title: President INDOSUEZ CAPITAL FUNDING VI, LTD. By: Indosuez Capital Luxembourg as Portfolio Advisor By: /s/ Jack C. Henry --------------------------------------------- Name: Jack C. Henry Title: Principal JISSEKIKUN FUNDING, LTD. (ACCT 1288) By: Pacific Investment Management Company LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar --------------------------------------------- Name: Mohan V. Phansalkar Title: Executive Vice President KZH CNC LLC By: /s/ Joyce Fraser-Bryant --------------------------------------------- Name: Joyce Fraser-Bryant Title: Authorized Agent KZH CRESCENT 3 LLC By: --------------------------------------------- Name: Title: KZH CYPRESSTREE-1 LLC By: /s/ Joyce Fraser-Bryant --------------------------------------------- Name: Joyce Fraser-Bryant Title: Authorized Agent KZH HIGHLAND-2 LLC By: --------------------------------------------- Name: Title: KZH LANGDALE LLC By: --------------------------------------------- Name: Title: KZH RIVERSIDE LLC By: /s/ Joyce Fraser-Bryant --------------------------------------------- Name: Joyce Fraser-Bryant Title: Authorized Agent KZH SOLEIL-2 LLC By: --------------------------------------------- Name: Title: KZH STERLING LLC By: /s/ Joyce Fraser-Bryant --------------------------------------------- Name: Joyce Fraser-Bryant Title: Authorized Agent KZH WATERSIDE LLC By: /s/ Joyce Fraser-Bryant --------------------------------------------- Name: Joyce Fraser-Bryant Title: Authorized Agent KEY BANK NATIONAL ASSOCIATION By: --------------------------------------------- Name: Title: LANDESBANK RHEINLAND-PFALTZ GIROZENTRALE By: /s/ Stefan Gilsdorf --------------------------------------------- Name: Stefan Gilsdorf Title: SVP By: /s/ Anne-Marie Theobald --------------------------------------------- Name: Anne-Marie Theobald Title: Manager LIBERTY-STEIN ROE ADVANCED FLOATING RATE ADVANTAGE FUND By: Stein Roe & Farnham Incorporated, as Advisor By: /s/ James R. Fellows --------------------------------------------- Name: James R. Fellows Title: Sr. Vice President & Portfolio Manager ML CLO XII PILGRIM AMERICA (CAYMAN) By:ING Pilgrim Investments, as its Investment Manager By: /s/ Brian Horton --------------------------------------------- Name: Brian Horton Title: Vice President ML CLO XX PILGRIM AMERICA (CAYMAN) By: ING Pilgrim Investments, as its Investment Manager By: /s/ Brian Horton --------------------------------------------- Name: Brian Horton Title: Vice President MADISON AVENUE CDO I LTD. By: Metropolitan Life Insurance Company as Collateral Manager By: --------------------------------------------- Name: Title: MAPLEWOOD (CAYMAN) LIMITED By: David L. Babson & Company Inc. under delegated authority from Massachusetts Mutual Life Insurance Company as Investment Manager By: /s/ Mary S. Law --------------------------------------------- Name: Mary S. Law Title: Managing Director MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: David L. Babson & Company Inc. as Investment Advisor By: /s/ Mary S. Law --------------------------------------------- Name: Mary S. Law Title: Managing Director METROPOLITAN LIFE INSURANCE COMPANY By: --------------------------------------------- Name: Title: MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST By: --------------------------------------------- Name: Title: MOUNTAIN CAPITAL CLO I, LTD. By: --------------------------------------------- Name: Title: NBD BANK By: --------------------------------------------- Name: Title: NATEXIS BANQUE POPULAIRES By: /s/ Frank H. Madden, Jr. --------------------------------------------- Name: Frank H. Madden, Jr. Title: Vice President & Group Manager By: /s/ Christian Giordano --------------------------------------------- Name: Christian Giordano Title: Vice President NATIONAL CITY BANK By: /s/ Anthony F. Salvatore --------------------------------------------- Name: Anthony F. Salvatore Title: SVP NEMEAN CLO, LTD. By: --------------------------------------------- Name: Title: NORTH AMERICAN SENIOR FLOATING RATE FUND By: Stanfield Capital Partners LLC as its Collateral Manager By: /s/ Christopher A. Bondy --------------------------------------------- Name: Christopher A. Bondy Title: Partner NUVEEN SENIOR INCOME FUND By: Nuveen Senior Loan Asset Management Inc. By: --------------------------------------------- Name: Title: OASIS COLLATERALIZED HIGH INCOME PORTFOLIO-1 LTD. By: INVESCO Senior Secured Management, Inc. As Subadvisor By: /s/ Thomas H. B. Ewald --------------------------------------------- Name: Thomas H. B. Ewald Title: Authorized Signatory OCTAGON INVESTMENT PARTNERS III, LTD. By: Octagon Credit Investors, LLC as Portfolio Manager By: /s/ Andrew Gordon --------------------------------------------- Name: Andrew Gordon Title: Portfolio Manager OCTAGON INVESTMENT PARTNERS IV, LTD. By: Octagon Credit Investors, LLC as Collateral Manager By: /s/ Andrew Gordon --------------------------------------------- Name: Andrew Gordon Title: Portfolio Manager OLYMPIC FUNDING TRUST, SERIES 1999-1 By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Authorized Agent OSPREY INVESTMENTS PORTFOLIO By: --------------------------------------------- Name: Title: OXFORD STRATEGIC INCOME FUND By: Eaton Vance Management as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H. Page Title: Vice President PILGRIM SENIOR INCOME FUND By: ING Pilgrim Investments, as its Investment Manager By: /s/ Brian Horton --------------------------------------------- Name: Brian Horton Title: Vice President PINEHURST TRADING, INC. By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Assistant Vice President PPM SPYGLASS FUNDING TRUST By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Authorized Agent THE PRUDENTIAL INSURANCE COMPANY OF AMERICA By: /s/ B. Ross Smead --------------------------------------------- Name: B. Ross Smead Title: Vice President RABOBANK INTERNATIONAL, NEW YORK BRANCH By: --------------------------------------------- Name: Title: By: --------------------------------------------- Name: Title: RIVIERA FUNDING LLC By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Asst. Vice President SANKATY HIGH YIELD ASSET PARTNERS, L.P. By: /s/ Diane J. Exter --------------------------------------------- Name: Diane J. Exter Title: Managing Director Portfolio Manager SANKATY HIGH YIELD ASSET PARTNERS II, L.P. By: /s/ Diane J. Exter --------------------------------------------- Name: Diane J. Exter Title: Managing Director Portfolio Manager 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 SCUDDER FLOATING RATE FUND By: --------------------------------------------- Name: Title: SEABOARD CLO 2000, LTD. By: ORIX Capital Markets, LLC Collateral Manager By: /s/ Sheppard H. C. Davis, Jr. --------------------------------------------- Name: Sheppard H. C. Davis, Jr. Title: Managing Director SENIOR DEBT PORTFOLIO By: Boston Management and Research, as Investment Advisor By: /s/ Scott H. Page --------------------------------------------- Name: Scott H, Page Title: Vice President SEQUILS IV, LTD. By: --------------------------------------------- Name: Title: SEQUILS-CENTURION V, LTD. By: American Express Asset Management Group Inc. as Collateral Manager By: /s/ Michael M. Leyland --------------------------------------------- Name: Michael M. Leyland Title: Managing Director SEQUILS-CUMBERLAND I, LTD. By: /s/ Dale Burrow --------------------------------------------- Name: Dale Burrow Title: Senior Vice President SEQUILS-MAGNUM, LTD. (#1280) By: Pacific Investment Management Company LLC, as its Investment Advisor By: /s/ Mohan V. Phansalkar --------------------------------------------- Name: Mohan V. Phansalkar Title: Executive Vice President SIERRA CLO I LTD. By: /s/ John M. Casparian --------------------------------------------- Name: John M. Casparian Title: Chief Operating Officer Centre Pacific LLC, Manager SPS HIGH YIELD LOAN TRADING By: --------------------------------------------- Name: Title: SRF 2000 LLC By: --------------------------------------------- Name: Title: STANFIELD ARBITRAGE CDO, LTD. By: Stanfield Capital Partners LLC as its Collateral Manager By: /s/ Christopher A. Bondy --------------------------------------------- Name: Christopher A. Bondy Title: Partner STEIN ROE FLOATING RATE LLC By: --------------------------------------------- Name: Title: SUFFIELD CLO, LIMITED By: David L. Babson & Company Inc. as Collateral Manager By: /s/ Mary S. Law --------------------------------------------- Name: Mary S. Law Title: Managing Director SUNTRUST BANK By: --------------------------------------------- Name: Title: SWAPS CSLT By: --------------------------------------------- Name: Title: THOROUGHBRED LIMITED PARTNERSHIP I By: --------------------------------------------- Name: Title: TORONTO DOMINION (NEW YORK), INC. By: /s/ Gwen Zirkle --------------------------------------------- Name: Gwen Zirkle Title: Vice President THE TRAVELERS INSURANCE COMPANY By: /s/ Allen Cantrell --------------------------------------------- Name: Allen Cantrell Title: Investment Officer TRYON CLO LTD. 2000-1 By: /s/ Roshan White --------------------------------------------- Name: Roshan White Title: Vice President TYLER TRADING, INC. By: /s/ Don C. Day --------------------------------------------- Name: Don C. Day Title: Vice President UBS AG By: --------------------------------------------- Name: Title: VAN KAMPEN CLO II, LIMITED By: Van Kampen Investment Advisory Corp, as Collateral Manager By: /s/ Darvin D. Pierce --------------------------------------------- Name: Darvin D. Pierce Title: Executive Director VAN KAMPEN PRIME RATE INCOME TRUST By: Van Kampen Investment Advisory Corp By: /s/ Darvin D. Pierce --------------------------------------------- Name: Darvin D. Pierce Title: Executive Director VAN KAMPEN SENIOR FLOATING RATE FUND By: Van Kampen Investment Advisory Corp By: /s/ Darvin D. Pierce --------------------------------------------- Name: Darvin D. Pierce Title: Executive Director VAN KAMPEN SENIOR INCOME TRUST By: Van Kampen Investment Advisory Corp By: /s/ Darvin D. Pierce --------------------------------------------- Name: Darvin D. Pierce Title: Executive Director VARIABLE INSURANCE PRODUCTS FUND II: ASSET MANAGEMENT GROWTH PORTFOLIO By: --------------------------------------------- Name: Title: WINDSOR LOAN FUNDING, LIMITED By: --------------------------------------------- Name: Title: WINGED FOOT FUNDING TRUST By: /s/ Diana L. Mushill --------------------------------------------- Name: Diana L. Mushill Title: Authorized Agent