EX-4.8(B) 4 dex48b.txt AMENDMENT NO. 4 TO CREDIT AGREEMENT EXHIBIT 4.8(b) [CONFORMED COPY] AMENDMENT NO. 4 TO CREDIT AGREEMENT AMENDMENT No.4 dated as of September 22, 2000 to the Credit Agreement dated as of July 23, 1998 (as heretofore amended, the "Credit Agreement") among LYONDELL CHEMICAL COMPANY, the LENDERS party thereto, the DOCUMENTATION AGENTS party thereto, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent and DLJ CAPITAL FUNDING, INC., as Syndication Agent. The parties hereto agree as follows: SECTION 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein which is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to "hereof', "hereunder", "herein" and "hereby" and each other similar reference and each reference to "this Agreement" and each other similar reference contained in the Credit Agreement shall, after this Amendment becomes effective, refer to the Credit Agreement as amended hereby. SECTION 2. Amendment of Section 1.01. (a) The following definition is added in alphabetical order to Section 1.01 of the Credit Agreement: "PO-II JV" means a Future Joint Venture formed (or to be formed) between the Borrower and one or more other Persons or their affiliates in which the Borrower holds at the date hereof (or will hold when formed) not less than a 50% direct or indirect equity interest, which Future Joint Venture will construct, own and operate a propylene oxide/styrene plant in the Netherlands. (b) The definition of Available Cash Flow set forth in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows: "Available Cash Flow" means, for any Person for any fiscal period, the sum of (i) the Net Income of such Person for such period plus (ii) to the extent deducted in determining such Net Income for such period, depreciation, amortization and other non-cash charges plus (iii) any increase (or minus any decrease) during such period in the deferred tax liabilities of such Person plus (iv) any decrease (or minus any increase) in the Net Working Investment of such Person between the beginning and end of such period minus (v) the Capital Expenditures of such Person for such period (except to the extent financed with the proceeds of Debt of such Person) minus (vi) capital contributions to the PO- II JV made by the Borrower and its Consolidated Subsidiaries (without duplication) in an aggregate amount not to exceed $400,000,000 (less the aggregate amount of capital contributions deducted from Available Cash Flow in reliance on this sub-clause (vi) in respect of one or more prior periods). (c) The last sentence of the definition of Excess Cash Flow set forth in Section 1.01 of the Credit Agreement is amended to read as follows: The calculation of Excess Cash Flow shall be adjusted, to the extent necessary, to avoid (x) duplication of amounts of mandatory prepayments pursuant to Section 2.04(d) and (y) duplication of reductions in Excess Cash Flow on account of capital expenditures of PO-II JV financed with capital contributions made by the Borrower and its Consolidated Subsidiaries and deducted (but for this clause (y)) in the determination of both Available Cash Flow and Distributable Cash Flow. (d) The definition of Net Cash Proceeds set forth in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows: "Net Cash Proceeds" means, with respect to any Reduction Event, an amount equal to the cash proceeds received by the Borrower or any of its Subsidiaries from or in respect of such Reduction Event (including any cash proceeds received as interest or similar income on, or other cash proceeds of, any non-cash proceeds of any Asset Sale), less (at the option of the Borrower) (a) any fees, costs and expenses reasonably incurred by such Person in respect of such Reduction Event, (b) if such Reduction Event is an Asset Sale, (i) any taxes actually paid or to be payable by such Person (as estimated by the chief financial officer or chief accounting officer of the Borrower, giving effect to the overall tax position of the Borrower) in respect of such Asset Sale, (ii) the amount of all Debt (other than the Loans) secured by any assets subject to that Asset Sale and subject to mandatory prepayment as a result of that Asset Sale, (iii) the amount of any reserves established by the Borrower and its Subsidiaries to fund contingent liabilities payable by the Borrower and its Subsidiaries attributable to such Asset Sale (as estimated by the chief financial officer or chief accounting officer of the Borrower), including, without limitation, liabilities under any indemnification obligations and severance and other employee termination costs associated with such Asset Sale, until such time as such amounts are no longer reserved or such reserve is no longer necessary (at which time any remaining amounts will become Net Cash Proceeds) and (vi) up to $400,000,000 (less the aggregate amount deducted from Net Cash Proceeds in reliance on this sub-clause (vi) in connection with one or more prior Asset Sales) of such cash proceeds, so long as the same are invested as capital contributions to the PO-II JV within 360 days after the receipt thereof, or prior to or within such 360-day period the Borrower has entered into a binding commitment to invest such cash proceeds as capital contributions to the PO-II JV; provided that at the end of such 360-day period, any remaining amounts not so invested or subject to such binding commitment will become Net Cash Proceeds; and provided further that any cash proceeds subject to such a binding commitment which have not been invested as capital contributions to the PO-II JV prior to the 180th day following expiration of the aforementioned 360-day period will become Net Cash Proceeds on such I80th day, and (c) if such Reduction Event is an Equity Issuance, up to $300,000,000 of such cash proceeds so long as the same are invested in LCR, directly or indirectly, substantially simultaneously with the receipt thereof. SECTION 3. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. SECTION 4. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. SECTION 5. Effectiveness. This Amendment shall become effective on the first date (the "Amendment 4 Effective Date") on which the Administrative Agent shall have received counterparts hereof signed by each of the Required Lenders and the Borrower (or, in the case of any party as to which an executed counterpart shall not have been received, the Administrative Agent shall have received in form satisfactory to it telegraphic, telex or other written confirmation from such party of execution of a counterpart hereof by such party). Promptly after the Amendment 4 Effective Date occurs, the Administrative Agent shall notify the Borrower, the other Agents and the Lenders thereof, and such notice shall be conclusive and binding on all parties hereto. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. LYONDELL CHEMICAL COMPANY By: /s/ Robert T. Blakely ----------------------------- Title: Executive Vice President & Chief Financial Officer MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent and as Lender By: /s/ Deborah DeSantis ------------------------------------------- Title: Vice President DLJ CAPITAL FUNDING, INC., as Syndication Agent and as Lender By: /s/ Dana F. Klein ------------------------------------------- Title: Senior Vice President BANK OF AMERICA, N.A., as Documentation Agent and as Lender By: /s/ Michael J. Dillon ------------------------------------------- Title: Managing Director THE CHASE MANHATTAN BANK, as Documentation Agent By: /s/ Steve A. Nordaker ------------------------------------------- Title: Managing Director CITIBANK, N.A., as Documentation Agent and as Lender By: ------------------------------------------- Title: CHASE BANK OF TEXAS NATIONAL ASSOCIATION By: /s/ Steve A. Nordaker ------------------------------------------- ABN AMRO BANK N. V. By: /s/ David Hannah ------------------------------------------- Title: Group Vice President By: /s/ Darin Fischer ------------------------------------------- Title: Vice President AERIES-II FINANCE LTD. By: INVESCO Senior Secured Management, Inc. As Sub-Managing Agent By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory AIMCO CDO SERIES 2000-A By: ------------------------------------------- Title: ALLSTATE INSURANCE COMPANY By: ------------------------------------------- Title: By: ------------------------------------------- Title: ALLSTATE LIFE INSURANCE COMPANY By: ------------------------------------------- Title: By: ------------------------------------------- Title: AMARA-1 FINANCE, LTD. By: INVESCO Senior Secured Management, Inc., as Sub-Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory APEX (IDM) CDO I, LTD. By: /s/ William A. Hayes ------------------------------------------- Title: Vice President ARAB AMERICAN BANK By: /s/ Carmelo L. Foti ------------------------------------------- Title: Vice President By: /s/ Ammar Khalil ------------------------------------------- Title: Vice President ARAB BANK PLC By: ------------------------------------------- Title: ARCHIMEDES FUNDING II, LTD. By: ING Capital Advisors, LLC as Collateral Manager By: /s/Greg M. Masuda CFA ------------------------------------------- Title: Vice President ARCHIMEDES FUNDING III, LTD. By: ING Capital Advisors LLC as Collateral Manager By: /s/ Greg M. Masuda CFA ------------------------------------------- Title: Vide President ARES III CLO LTD. By: Ares CLO Management LLC By: /s/David A. Sachs ------------------------------------------- Title: Vice President ARES LEVERAGED INVESTMENT FUND, L.P. By: Ares Management, L.P., its General Partner By: /s/ David A. Sachs ------------------------------------------- Title: Vice President ARES LEVERAGED INVESTMENT FUND II, L.P. By: Ares Management II, L.P., its General Partner By: /s/ David A. Sachs ------------------------------------------- Title: Vice President AVALON CAPITAL LTD. By: INVESCO Senior Secured Management ,Inc. as Portfolio Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory AVALON CAPITAL LTD. 2 By: INVESCO Senior Secured Management, Inc. as Portfolio Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory BALANCED HIGH YIELD FUND II LTD. By: BHF (USA) Capital Corporation acting as Attorney-In-Fact By: ------------------------------------------- Title: By: ------------------------------------------- Title: BANK LEUMI USA By: /s/ Joung Hee Hong ------------------------------------------- Title: Vice President THE BANK OF NEW YORK By: /s/ Raymond J. Palmer ------------------------------------------- Title: Vice President THE BANK OF NOVA SCOTIA By: /s/ F.C.H. Ashby ------------------------------------------- Title: Senior Manager Loan Operations THE BANK OF TOKYO-MITSUBISHI LTD., HOUSTON AGENCY By: ------------------------------------------- Title: BANK ONE, NA (formerly known as The First National Bank of Chicago) By: /s/ Graeme Bullen ------------------------------------------- Title: Assistant Vice President BANK POLSKA KASA OPIEKI S.A. NEW YORK BRANCH By: /s/ Barry W. Henry ------------------------------------------- Title: Vice President BANKERS TRUST COMPANY By: ------------------------------------------- Title: BANQUE NA TIONALE DE PARIS By: ------------------------------------------- Title: By: ------------------------------------------- Title: BARCLA YS BANK PLC By: /s/ Nicholas A. Bell ------------------------------------------- Title: Director Loan Transaction Management BATTERSON PARK, CBO I By: General Re-New England Asset Management Inc., As Collateral Manager By: ------------------------------------------- Title: BATTERY PARK CDO, LTD By: Nomura Corporate Research and Asset Management Inc. as Investment Advisor By: ------------------------------------------- Title: BAYERISCHE HYPO-UND VEREINSBANK AG NEW YORK BRANCH By: ------------------------------------------- Title: By: ------------------------------------------- Title: BHF (USA) CAPITAL CORPORATION By: ------------------------------------------- Title: CAPTIVA FINANCE LTD. By: ------------------------------------------- Title: CAPTIV II FINANCE LTD. By: ------------------------------------------- Title: CAPTIVA III FINANCE, LTD., as advised by Pacific Investment Management Company By: ------------------------------------------- Title: CAPTIVA IV FINANCE, Ltd. By: Pacific Investment Management Company, as its Investment Advisor By: ------------------------------------------- Title: CARILLON HOLDING, LIMITED By: /s/ Stephen R. Sutermeister ------------------------------------------- Title: Director CARLYLE HIGH YIELD FUND, L.P. By: ------------------------------------------- Title: CARLYLE HIGH YIELD PARTNER II, LTD. By: ------------------------------------------- Title: CERES FINANCE LTD. By: INVESCO Senior Secured Management, Inc., as Sub-Managing Agent By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory CERES II FINANCE LTD. By: INVESCO Senior Secured Management, Inc., as Sub-Managing Agent By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH By: /s/ Wan-Tu Yeh ------------------------------------------- Title: SVP & GM CHIAO TUNG BANK CO., LTD. NEW YORK AGENCY By: ------------------------------------------- Title: CIBC INC. By: ------------------------------------------- Title: CITIBANK N.A. as additional Investment Manager for and on behalf of Five Finance Corporation By: ------------------------------------------- Title: By: ------------------------------------------- Title: CLYDESDALE CBO I, LTD. By: Nomura Corporate Research and Asset Management Inc. as Investment Advisor By: ------------------------------------------- Title: COLISEUM FUNDING LTD. By: Travelers Asset Management International Company LLC By: /s/ Allen R. Cantrell ------------------------------------------- Title: Investment Officer COLUMBUS LOAN FUNDING LTD. By: Travelers Asset Management International Company LLC By: /s/ Allen R. Cantrell ------------------------------------------- Title: Investment Officer COOPERATIIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK NEDERLAND", NEW YORK BRANCH By: ------------------------------------------- Title: CREDIT INDUSTRIEL ET COMMERCIAL By: /s/ Sean Mounier ------------------------------------------- Title: First Vice President By: /s/ Brian O'Leary ------------------------------------------- Title: Vice President CREDIT LYONNAIS NEW YORK BRANCH By: /s/ Philippe Soustra ------------------------------------------- Title: Senior Vice President CREDIT SUISSE FIRST BOSTON By: /s/ James P. Moran ------------------------------------------- Title: Director By: /s/ Lalita Advani ------------------------------------------- Title: Assistant Vice President CRESCENT/MACH I PARTNERS LP By: TCW Asset Management Company, its Investment Manager By: ------------------------------------------- Title: CYPRESSTREE INSTITUTIONAL FUND, LLC By: CypressTree Investment Management Company, Inc., its Managing Member By: /s/ Philip C. Robbins ------------------------------------------- Title: Principal CYPRESS TREE INVESTMENT FUND, LLC By: CypressTree Investment Management Company, Inc. its Managing Member By: /s/ Philip C. Robbins ------------------------------------------- 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/ Philip C. Robbins ------------------------------------------- Title: Principal CYPRESSTREE INVESTMENT PARTNERS I, LTD. By: CypressTree Investment Management Company, Inc. its Managing Member By: /s/ Philip C. Robbins ------------------------------------------- Title: Principal CYPRESSTREE SENIOR FLOATING RATE FUND By: CypressTree Investment Management Company, Inc. as Portfolio Manager By: /s/ Philip C. Robbins ------------------------------------------- Title: Principal THE DAI-ICHI KANGYO BANK LIMITED By: /s/ Takayuki Kumagai ------------------------------------------- Title: Vice President DEBT STRATEGIES FUND, INC. By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory DEBT STRATEGIES FUND II By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory DEBT STRATEGIES FUND III By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory DELANO COMPANY By: Pacific investment Management Company, as its Investment Advisor By: ------------------------------------------- Title: DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES By: /s/ Deborah Slusarczyk ------------------------------------------- Title: First Vice President By: /s/ Joanna M. Solowski ------------------------------------------- Title: Vice President EATON VANCE CDO III, LTD. By: Eaton Vance Management, as Investment Advisor By: /s/ Scott H. Page ------------------------------------------- Title: Vice President EATON VANCE INSTITUTIONAL SENIOR LOAN FUND By: Eaton Vance Management, as Investment Advisor By: /s/ Scott H. Page ------------------------------------------- Title: Vice President EATON VANCE SENIOR INCOME TRUST By: Eaton Vance Management, as Investment Advisor By: /s/ Scott H. Page ------------------------------------------- Title: Vice President ELC (CAYMAN) LTD. By: /s/ William A. Hayes ------------------------------------------- Title: Vice President ELC (CAYMAN) LTD. 1999-III By: /s/ William A. Hayes ------------------------------------------- Title: Vice President ELC (CAYMAN) LTD. CDO SERIES 1999-I By: /s/ William A. Hayes ------------------------------------------- Title: Vice President ELC (CAYMAN) LTD. 2000-1 By: /s/ William A. Hayes ------------------------------------------- Title: Vice President ELT LTD. By: ------------------------------------------- Title: FC CBO LIMITED By: ------------------------------------------- Title: FC CBO II LIMITED By: ------------------------------------------- Title: FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR HIGH YIELD FUND By: ------------------------------------------- Title: FIDELITY SUMMER STREET TRUST: FIDELITY CAPITAL & INCOME FUND By: ------------------------------------------- Title: FIRST COMMERCIAL BANK By: /s/ Vincent T. C. Chen ------------------------------------------- Title: SVP & GM FIRST DOMINION FUNDING I By: /s/ John G. Popp ------------------------------------------- Title: Senior Managing Director FIRST DOMINION FUNDING II By: /s/ John G. Popp ------------------------------------------- Title: Senior Managing Director FIRST DOMINION FUNDING III By: /s/ John G. POPP ------------------------------------------- Title: Senior Managing Director FIRST UNION NATIONAL BANK By: /s/ Douglas M. Burnett ------------------------------------------- Title: Vice President FLEET NATIONAL BANK f/k/a BANKBOSTON, N.A. By: /s/ Stephen J. Hoffman ------------------------------------------- Title: Vice President FLOATING RATE PORTFOLIO By: INVESCO Senior Secured Management, Inc., as attorney-in-fact By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory FRANKLIN CLO I LTD. By: ------------------------------------------- Title: FRANKLIN FLOATING RATE TRUST By: /s/ Chauncey Lufkin ------------------------------------------- Title: Vice President FREMONT INVESTMENT & LOAN By: ------------------------------------------- Title: THE FUJI BANK, LIMITED, NEW YORK BRANCH By: ------------------------------------------- Title: GALAXY CLO 1999-1, LTD. By: SAI Investment Adviser, Inc., its Collateral Manager By: /s/ Christopher F. Ochs ------------------------------------------- Title: Authorized Agent GENERAL AMERICAN LIFE INSURANCE COMPANY By: ------------------------------------------- Title: Sankaty Advisors, Inc. as Collateral Manager for GREAT POINT CLO 1999-1 LTD., as Term Lender By: /s/ Diane J. Exter ------------------------------------------- Title: Executive Vice President Portfolio Manager GUARANTY FEDERAL BANK, F.S.B. By: ------------------------------------------- Title: GULF INTERNATIONAL BANK B.S.C. By: ------------------------------------------- Title: HAMILTON BANK By: ------------------------------------------- Title: HARBOURVIEW CBO I, LTD. By: ------------------------------------------- Title: HSBC BANK USA By: ------------------------------------------- Title: IMPERIAL BANK By: ------------------------------------------- Title: INDOSUEZ CAPITAL FUNDING IIA, LIMITED By: Indosuez Capital as Portfolio Advisor By: ------------------------------------------- Title: INDOSUEZ CAPITAL FUNDING IV, L.P. By: Indosuez Capital as Portfolio Advisor By: ------------------------------------------- Title: THE ING CAPITAL SENIOR SECURED HIGH INCOME FUND HOLDINGS, LTD. By: ING Capital Advisors LLC, as Investment Manager By: /s/ Greg M. Masuda CFA ------------------------------------------- Title: Vice President JHW CASH FLOW FUND I, L.P. By: ------------------------------------------- Title: J.H. WHITNEY MARKET VALUE FUND, L.P. By: ------------------------------------------- Title: KBCBANK By: /s/ Robert Snauffer ------------------------------------------- Title: First Vice President By: /s/ Raymond F. Murray ------------------------------------------- Title: First Vice President KEMPER FLOATING RATE FUND By: ------------------------------------------- Title: KZH CNC LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH-CYPRESSTREE-l LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH ING-l LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH ING-2 LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH ING-3 LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH LANGDALE LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH PONDVIEW LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH SHOSHONE LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH SOLEIL LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH SOLEIL-2 LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent KZH WATERSIDE LLC By: /s/ Kimberly Rowe ------------------------------------------- Title: Authorized Agent LIBERTY-STEIN ROE ADVISOR FLOATING RATE ADVANTAGE FUND By: /s/ James R. Fellows ------------------------------------------- Title: Sr. Vice President & Portfolio Manager LONGHORN CDO (CAYMAN) LTD. By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory LONGLANE MASTER TRUST IV By: BankBoston, N.A. as Trust Administrator By: ------------------------------------------- Title: MAGNETITE ASSET INVESTORS L.L.C. By: Blackrock Financial Management, Inc. As Managing Member By: ------------------------------------------- Title: MAPLEWOOD (CAYMAN) LTD. By: ------------------------------------------- Title: MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: David L. Babson and Company Incorporated, as Investment Advisor By: ------------------------------------------- Title: MERRIL L. LYNCH DEBT STRATEGIES PORTFOLIO By: Merrill Lynch Asset Management, L.P., as Investment Advisor By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory MERRILL LYNCH GLOBAL INVESTMENT SERIES: BANK LOAN INCOME PORTFOLIO By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory MERRILL LYNCH GLOBAL INVESTMENT SERIES: INCOME STRATEGIES PORTFOLIO By: Merrill Lynch Asset Management, L.P., as Investment Advisor By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory MERRILL LYNCH PRIME RATE PORTFOLIO By: Merrill Lynch Asset Management, L.P., as Investment Advisor By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory MERRILL LYNCH SENIOR FLOATING RATE FUND, INC. By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory MERRILL LYNCH SENIOR FLOATING RATE FUND II, INC. By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory METROPOLITAN LIFE INSURANCE COMPANY By: /s/ James R. Dingler ------------------------------------------- Title: Director THE MITSUBISHI TRUST AND BANKING CORPORATION By: ------------------------------------------- Title: ML CBO IV ( CAYMAN) L TD. By: Highland Capital Management, L.P. as Collateral Manager By: ------------------------------------------- Title: ML CLO XX PILGRIM AMERICA (CAYMAN) LTD. By: Pilgrim Investments, Inc., as its Investment Advisor By: /s/ Charles E. LeMieux. CFA ------------------------------------------- Title: Vice President MONUMENTAL LIFE INSURANCE COMPANY, successor by merger to Commonwealth Life Insurance Co. By: /s/ John Bailey ------------------------------------------- Title: Vice President MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST By: ------------------------------------------- Title: MORGAN STANLEY SENIOR FUNDING, INC. By: ------------------------------------------- Title: MOUNTAIN CAPITAL CLO I, LTD. By: ------------------------------------------- Title: NATIONAL WESTMINSTER BANK PLC By: NatWest Capital Markets Limited, its agent By: Greenwich Capital Markets, Inc., its agent By: /s/ Harry Paschalidis ------------------------------------------- Title: Assistant Vice President NATIONWIDE LIFE INSURANCE COMPANY By: ------------------------------------------- Title: NEMEAN CLO, LTD. By: ING Capital Advisors LLC, as Investment Manager By: /s/ Greg M. Masuda CFA ------------------------------------------- Title: Vice President NOMURA BOND & LOAN FUND By: Nomura Corporate Research and Asset Management Inc. as Investment Advisor By: ------------------------------------------- Title: NORSE CBO, LTD. By: Regiment Capital Management, LLC as its Investment Advisor By: Regiment Capital Advisors, LLC its Manager and pursuant to delegated authority By: ------------------------------------------- Title: NORTH AMERICAN SENIOR FLOATING RATE FUND By: CypressTree Investment Management Company, Inc. as Portfolio Manager By: /s/ Philip C. Robbins ------------------------------------------- Title: Principal OASIS COLLATERALIZED HIGH INCOME PORTFOLIOS-I, LTD. By: INVESCO Senior Secured Management, Inc., as Sub-Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory OCTAGON INVESTMENT PARTNERS II, LLC By: Octagon Credit Investors, LLC as sub-investment manager By: ------------------------------------------- Title: OCTAGON INVESTMENT PARTNERS III, LTD. By: Octagon Credit Investors, LLC as Portfolio Manager By: ------------------------------------------- Title: OLYMPIC FUNDING TRUST, SERIES 1999-1 By: ------------------------------------------- Title: OPPENHEIMER SENIOR FLOATING RATE FUND By: ------------------------------------------- Title ORIX USA CORPORATION By: ------------------------------------------- Title: OSPREY INVESTMENTS PORTFOLIO By: Citibank, N.A., as Manager By: ------------------------------------------- Title: OXFORD STRATEGIC INCOME FUND By: Eaton Vance Management as Investment Advisor By: ------------------------------------------- Title: PAM CAPITAL FUNDING L.P. By: Highland Capital Management, L.P. as Collateral Manager By: ------------------------------------------- Title: PAMCO CAYMAN LTD. By: Highland Capital Management, L.P. as Collateral Manager By: ------------------------------------------- Title: PILGRIM PRIME RATE TRUST By: Pilgrim Investments Inc., as its Investment Manager By: /s/ Charles E. LeMieux. CFA ------------------------------------------- Title: Vice President PINEHURST TRADING, INC. By: /s/ Ann E. Morris ------------------------------------------- Title: Assistant Vice President PROMETHEUS INVESTMENT FUNDING NO. I LTD. By: CPF Asset Advisory LP, as its Asset Manager By: /s/ Sylvia K. Cheng ------------------------------------------- Title: Director By: /s/ Vicky S. Soo ------------------------------------------- Title: Associate Director PROVIDENT CBO I, LIMITED By: Provident Investment Management, LLC By: ------------------------------------------- Title: REGIMENT CAPITAL LTD. By: ------------------------------------------- Title: THE ROYAL BANK OF SCOTLAND PLC By: ------------------------------------------- Title: ROYALTON COMPANY By: Pacific Investment Management Company, as its Investment Advisor By: ------------------------------------------- Title: SANKATY HIGH YIELD ASSET PARTNERS II, L.P. By: /s/ Diane J. Exter ------------------------------------------- Title: Executive Vice President Portfolio Manager SAWGRASS TRADING LLC By: /s/ Ann E. Morris ------------------------------------------- Title: Assistant Vice President SENIOR DEBT PORTFOLIO By: Boston Management and Research, as Investment Advisor By: /s/ Scott H. Page ------------------------------------------- Title: Vice President SENIOR HIGH INCOME PORTFOLIO INC. By: /s/ Colleen M. Cunniffe ------------------------------------------- Title: Authorized Signatory SEQUILS I, LTD By: TCW Advisors, Inc. as its Collateral Manager By: ------------------------------------------- Title: SEQUILS-ING I (HBDGM), LTD. By: ING Capital Advisors LLC., as Collateral Manager By: /s/ Greg M. Masuda CFA ------------------------------------------- Title: Vice President SEQUILS -PILGRIM I, LTD. By: Pilgrim Investments, Inc. as its Investment Manager By: /s/ Charles E. LeMieux. CFA ------------------------------------------- Title: Vice President SIMSBURY CLO LTD. By: ------------------------------------------- Title: SKM-LIBERTYVIEW CBO I LIMITED By: /s/ Kenneth C. Klegar ------------------------------------------- Title: Authorized Signatory SOCIETE GENERALE, SOUTHWEST AGENCY By: /s/Elizabeth W. Hunter ------------------------------------------- Title: Director SOMERS CDO, LIMITED By: David L. Babson and Company Incorporated under delegated authority from Massachusetts Mutual Life Insurance Company as Collateral Manager By: ------------------------------------------- Title: SOUTHERN PACIFIC BANK By: /s/ Cheryl A. Wasilewski ------------------------------------------- Title: Senior Vice President SRF TRADING, INC. By: /s/ Ann E. Morris ------------------------------------------- Title: Assistant Vice President STANFIELD CLO, LTD. By: Stanfield Capital Partners LLC as its Collateral Manager By: /s/ Christopher A. Bondy ------------------------------------------- Title: Partner STANFIELD/RMF TRANSATLANTIC CDO LTD. By: Stanfield Capital Partners LLC as its Collateral Manager By: /s/ Christopher A. Bond ------------------------------------------- Title: Partner STEIN ROE & FARNHAM CLO1 LTD., by Stein Roe & Farnham Incorporated, As Portfolio Manager By: /s/ James R. Fellows ------------------------------------------- Title: Sr. Vice President & Portfolio Manager STEIN ROE & FARNHAM INCORPORATED, as agent for Keyport Life Insurance Company By: /s/ James R. Fellows ------------------------------------------- Title: Sr. Vice President & Portfolio Manager STEIN ROE FLOATING RATE LIMITED LIABILITY COMPANY By: /s/ James R. Fellows ------------------------------------------- Title: Sr. Vice President & Portfolio Manager Stein Roe & Farnham Incorporated, as Advisor to the Stein Roe Floating Rate Limited Liability Company STRATA FUNDING LTD. By: INVESCO Senior Secured Management Inc., as Sub-Managing Agent By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory STRATEGIC MANAGED LOAN PORTFOLIO By: Citibank, N .A., as Manager By: ------------------------------------------- Title: STRONG ADVANTAGE FUND, INC. By: /s/ Cathleen A. Ebacher ------------------------------------------- Title: Vice President and Assistant Secretary THE SUMITOMO BANK, LIMITED By: ------------------------------------------- Title: SUMITOMO TRUST & BANKING COMPANY LTD. By: ------------------------------------------- Title: SUNTRUST BANK By: /s/ Steven J. Newby ------------------------------------------- Title: Vice President SWISS LIFE US RAINBOW LIMITED By: ING Capital Advisors LLC, as Investment Manager By: /s/ Greg M. Masuda CFA ------------------------------------------- Title: Vice President TAIPEI BANK, NEW YORK AGENCY By: ------------------------------------------- Title: TENET HEALTHCARE CORPORATION By: TCW Asset Management Company, its Investment Advisor By: ------------------------------------------- Title: TEXTRON FINANCIAL CORPORATION By: /s/ Stuart Schulman ------------------------------------------- Title: Managing Director THE TOKAI BANK, LIMITED, NEW YORK BRANCH By: ------------------------------------------- Title: TORONTO DOMINION (TEXAS), INC. By: /s/ Carolyn Faeth ------------------------------------------- Title: Vice President THE TOYO TRUST & BANKING CO., LTD. By: ------------------------------------------- Title: TRAVELERS CORPORATE LOAN FUND, INC. By: Travelers Asset Management International Company LLC By: /s/ Allen R. Cantrell ------------------------------------------- Title: Investment Officer THE TRAVELERS INSURANCE COMPANY By: /s/ Allen R. Cantrell ------------------------------------------- Title: Investment Officer TRITON CBO III, LIMITED By: INVESCO Senior Secured Management, Inc., as Investment Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory TRITON CDO IV, LIMITED By: INVESCO Senior Secured Management, Inc., as Investment Advisor By: /s/ Joseph Rotondo ------------------------------------------- Title: Authorized Signatory VAN KAMPEN CLO I, LIMITED By: Van Kampen Management, Inc., as Collateral Manager By: /s/ Brian T. Buscher ------------------------------------------- Title: Manager Operations & Compliance VAN KAMPEN PRIME RATE INCOME TRUST By: VanKampen Investment Advisory Corp. By: /s/ Brian T. Buscher ------------------------------------------- Title: Manager Operations & Compliance VAN KAMPEN SENIOR FLOATING RATE FUND By: Van Kampen Investment Advisory Corp. By: /s/Brian T. Buscher ------------------------------------------- Title: Manager Operations & Compliance VAN KAMPEN SENIOR INCOME TRUST I By: VanKampen Investment Advisory Corp. By: /s/ Brian T. Buscher ------------------------------------------- Title: Manager Operations & Compliance! VARIABLE INSURANCE PRODUCTS II: ASSET MANAGER PORTFOLIO By: ------------------------------------------- Title: VARIABLE INSURANCE PRODUCTS II: GROWTH PORTFOLIO By: ------------------------------------------- Title: WESTDEUTSCHE LANDESBANK GIROZENTRALE, NEW YORK BRANCH By: /s/ Cynthia M. Niesen ------------------------------------------- Title: Managing Director By: /s/ Thomas Lee ------------------------------------------- Title: Associate WINGED FOOT FUNDING TRUST By: /s/ Ann E. Morris ------------------------------------------- Title: Authorized Agent