Exhibit 10.1

 

Execution Version

 

 

CONSENT AND AMENDMENT NO. 1 TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

 

This CONSENT AND AMENDMENT NO. 1 TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT
(this “Consent and Amendment”), dated as of August 5, 2014 (the “Amendment”), is
made and entered into by and among (i) Eagle Bulk Shipping Inc., a corporation
incorporated under the laws of the Marshall Islands (the “Borrower”) and each of
its subsidiaries on the signature pages hereto (collectively, the “Guarantors”,
and together with the Borrower, the “Obligors”), (ii) the Majority Lenders under
the Credit Agreement referred to below (the “Lenders”) and (iii) Wilmington
Trust (London) Limited, as successor agent (in such capacity, the “Agent”) and
successor security trustee (in each such capacity, the “Security Trustee”) for
the Lenders.

 

RECITALS

 

WHEREAS, the Borrower, the Guarantors, the lenders party thereto, the Agent and
Security Trustee are party to that certain Fourth Amended and Restated Credit
Agreement, dated as of June 20, 2012 (as amended, restated, supplemented or
otherwise modified prior to the date hereof, the “Credit Agreement”).
Capitalized terms not otherwise defined herein shall have the meaning set forth
in the Credit Agreement.

 

WHEREAS, the Borrower has informed the Lenders that the Borrower intends to file
a voluntary petition (the “Bankruptcy Case”) with the United States Bankruptcy
Court for the Southern District of New York on August 5, 2014 (the “Petition
Date”) and to continue in the possession of its assets and in the management of
its business pursuant to Sections 1107 and 1108 of title 11 of the United States
Code, as in effect from time to time (such title, the “Bankruptcy Code”).

 

WHEREAS, the Borrower has informed the Lenders that the Guarantors will not
become debtors in the Bankruptcy Case (such Guarantors, the “Non-Debtor
Guarantors”) on the Petition Date;

 

WHEREAS, the Borrower has requested that certain lenders (the “DIP Lenders”)
provide the Borrower with a senior secured first priority debtor-in-possession
term loan facility (the “DIP Facility”) to provide, among other things, working
capital to the Borrower during the pendency of the Bankruptcy Case;

 

WHEREAS, the Borrower is required under the terms of that certain Superpriority
Debtor-in-Possession Credit Agreement (the “DIP Credit Agreement”) to cause the
DIP Facility to be secured by first priority liens on the assets of the Borrower
and the Guarantors (such liens, the “DIP Liens”), which liens shall be senior in
all respects to the liens securing obligations under the Credit Agreement (the
“Credit Agreement Liens”); and

 

WHEREAS, the Borrower has requested that the Lenders (i) consent to the DIP
Facility, including the DIP Liens (ii) subordinate all Credit Agreement Liens
(including liens on assets of Non-Debtor Guarantors) to the DIP Liens, and the
Lenders are willing to do so on the terms and conditions set forth below and
(iii) consent to the Borrower’s use of Cash Collateral (as defined in the DIP
Order (as defined in the DIP Credit Agreement)) that is subject to the Credit
Agreement Liens.

  

 
 

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AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto hereby agree as follows:

 

1.     DIP Facility. Each Lender party hereto consents to the entry by the
Obligors into the DIP Credit Agreement in substantially the form attached hereto
as Exhibit A and the other Finance Documents (as defined in the DIP Credit
Agreement, the “DIP Finance Documents”), and acknowledges that the DIP Liens
shall be senior to the Credit Agreement Liens, including liens on assets of
Non-Debtor Guarantors, and the Security Trustee does hereby consent to the
priming of the Credit Agreement Liens by the DIP Liens, subject to the terms of
the DIP Order.

 

2.     Intercreditor Agreement. Each Lender party hereto consents to the entry
by the Security Trustee, and hereby directs the Security Trustee to enter into
an intercreditor agreement, in form and substance acceptable to the Agent, and
which agreement shall provide for the subordination of the Credit Agreement
Liens as described in Section 1 hereof (the “Intercreditor Agreement).

 

3.     Amendment to Credit Agreement and Finance Documents. The Credit Agreement
and the other Finance Documents (as defined in the Credit Agreement) are hereby
amended, mutatis mutandis, (i) to permit the entry by the Obligors into the DIP
Credit Agreement, the other DIP Finance Documents and the Intercreditor
Agreement, (ii) to permit the granting by the Obligors of the DIP Liens, (iii)
to effectuate the subordination of the Credit Agreement Liens to the DIP Liens,
including liens on assets of Non-Debtor Guarantors, all as set forth in the
terms of the DIP Credit Agreement, the other DIP Finance Documents and the
Intercreditor Agreement and (iv) to amend or modify the defined terms in Section
1.1 of the Credit Agreement and any other provision of the Credit Agreement to
the extent necessary to effectuate the foregoing clauses (i) through (iii).

 

4.     Amendment to Credit Agreement. The definition of “Security Period” in the
Credit Agreement is hereby deleted in its entirety and replaced by the
following:

 

“Security Period” means the period starting on the Original Credit Agreement
Closing Date and ending on the earlier to occur of (a) the date on which the
Agent is satisfied that all amounts outstanding under the Finance Documents have
been irrevocably paid and discharged in full and (b) the occurrence of the
effective date of a chapter 11 plan of reorganization of the Borrower that is in
all respects consistent with the plan attached to as Exhibit B to that certain
Restructuring Support Agreement, dated as of August 5, 2014, among the Borrower,
certain Subsidiaries of the Borrower, and the lenders party thereto and has been
accepted by the Majority Lenders.”

 

5.     Amendment to Security Agreement and Pledge Agreement. The first sentence
of the definition of “Security Period” in each of the General Security Agreement
and the Pledge Agreement is hereby deleted and replaced by the following:

  

 
 

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“Security Period” means the period starting on the Original Credit Agreement
Closing Date and ending on the earlier to occur of (a) the date on which the
Agent is satisfied that all amounts outstanding under the Finance Documents have
been irrevocably paid and discharged in full and (b) the occurrence of the
effective date of a chapter 11 plan of reorganization of the Borrower that is in
all respects consistent with the plan attached to as Exhibit B to that certain
Restructuring Support Agreement, dated as of August 5, 2014 among the Borrower,
certain Subsidiaries of the Borrower, and the lenders party thereto and has been
accepted by the Majority Lenders.”

 

6.     Use of Cash Collateral. Each Lender party hereto consents to the
Borrower’s use of Cash Collateral, directs the Security Trustee to consent to
the use of Cash Collateral, and the Security Trustee does hereby consent to the
use of Cash Collateral, subject in each case to the terms of the DIP Order.

 

7.     Representations and Warranties. To induce Agent, Security Trustee and the
Lenders party hereto to execute this Consent and Amendment, the Obligors hereby
represents and warrants to Agent, Security Trustee and Lenders as follows:

 

(a)     the execution, delivery and performance of this Consent and Amendment
have been duly authorized by all requisite action of the Obligors, and this
Consent and Amendment constitutes the legal, valid and binding obligation of the
Obligors, enforceable against the Obligors in accordance with its terms;

 

(b)     As modified by Section 3 hereof, the representations and warranties of
the Obligors in the Credit Agreement and the other Finance Documents are true
and correct in all material respects (except to the extent already qualified by
materiality, in which case they are true and correct in all respects) with the
same effect as though made on and as of the date hereof (except, in each case,
to the extent stated to relate to an earlier date, in which case such
representation or warranty is true and correct in all material respects (except
to the extent already qualified by materiality, in which case it is true and
correct in all respects) on and as of such earlier date);

 

(c)     after giving effect to this Consent and Amendment, no event shall have
occurred and be continuing or would result from the consummation of the
transactions contemplated by this Consent and Amendment that would constitute an
Event of Default or a Default except as set forth in that certain Waiver and
Forbearance Agreement dated as of March 19, 2014 (as amended prior to the date
hereof, the “Waiver and Forbearance Agreement”) among the Obligors and the
Lenders party thereto; and

 

(d)     The Credit Agreement and all other Finance Documents are in full force
and effect, and are hereby ratified and confirmed.

 

8.     Reaffirmation. Each Guarantor consents to and acknowledges the terms of
this Consent and Amendment, and each such Guarantor hereby fully ratifies and
affirms its guarantee obligations pursuant to the Credit Agreement, taking into
account this Consent and Amendment. Each Guarantor agrees and acknowledges that,
although it has been informed of the matters set forth herein and has
acknowledged and consented to the same, each Guarantor understands that Agent,
Security Trustee and Lenders have no obligation to inform any Guarantor of such
matters in the future or seek any Guarantor’s acknowledgment or consent to
future amendments, consents or waivers, and nothing herein shall create such a
duty. Each Obligor hereby fully ratifies and affirms the security interests in
the Collateral granted by it to the Security Trustee for itself and the benefit
of the Finance Parties, pursuant to the Credit Agreement and any other Finance
Documents.

  

 
 

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9.     Conditions Precedent. This Consent and Amendment shall be effective as of
the date first set forth above, subject to the satisfaction of the following
conditions precedent (provided that the effectiveness of the consent set forth
in Section 6 hereof shall not be subject to the satisfaction of Section 9(e)
below), including, as applicable, Agent’s receipt of the following in form and
substance reasonably satisfactory to Agent and the Lenders, duly executed by all
parties thereto (unless otherwise provided) (the date of such satisfaction being
the “Amendment Effective Date”):

 

(a)     Amendment. The Borrower and each other Obligor, the Lenders, the Agent
and the Security Trustee shall have executed and delivered this Consent and
Amendment.

 

(b)     Accuracy of Representations. As modified by Section 3 hereof, the
representations and warranties contained herein and in the other Finance
Documents shall be true and correct in all material respects (except to the
extent not otherwise qualified by materiality, in which case they shall be true
and correct in all respects) on and as of the Amendment Effective Date to the
same extent as though made on and as of that date, except to the extent such
representations and warranties specifically relate to an earlier date, in which
case such representations and warranties shall have been true and correct in all
material respects (except to the extent already qualified by materiality, in
which case they shall be true and correct in all respects) on and as of such
earlier date.

 

(c)     No Default. As of the Amendment Effective Date, no event shall have
occurred and be continuing or would result from the consummation of the
transactions contemplated by this Consent and Amendment that would constitute an
Event of Default or a Default except as set forth in the Waiver and Forbearance
Agreement.

 

(d)     Expenses. On the Amendment Effective Date, Borrowers shall have paid all
fees, costs and expenses currently due and payable to Agent or otherwise in
connection with this Consent and Amendment or pursuant to the terms of the
Finance Documents.

 

(e)     Intercreditor Agreement. The Intercreditor Agreement shall have been
executed and delivered by all parties thereto, and shall be in full force and
effect.

 

(f)     Other Matters. Agent shall have received such other instruments and
documents as Agent or the Lenders may reasonably request in connection with the
execution of this Consent and Amendment, and all such instruments and documents
shall be reasonably satisfactory in form and substance to Agent.

  

 
 

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10.     Release. In consideration of the agreements contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Obligor, on behalf of itself and its successors and
assigns, and its present and former members, affiliates, employees, agents,
officers, directors, shareholders, legal representatives and other
representatives (each, a “Releasing Party” and collectively, the “Releasing
Parties”), does hereby remise, release and discharge, and shall be deemed to
have forever remised, released and discharged each of the Lenders, and each
Lender’s respective successors and assigns, and past, present and future
officers, directors, affiliates, shareholders, trustees, agents, employees,
consultants, experts, advisors, attorneys and other professionals and all other
persons and entities to whom any of the foregoing would be liable if such
persons or entities were found to be liable to any Releasing Party, or any of
them (collectively hereinafter the “Released Parties”), of and from any and all
manner of action and actions, cause and causes of action, claims, demands,
suits, damages and any and all other claims, counterclaims, defenses, rights of
setoff, demands and liabilities whatsoever (each, a “Claim” and collectively,
the “Claims”) of every kind and nature, whether in law, equity or otherwise,
known or unknown, fixed or contingent, joint and/or several, secured or
unsecured, liquidated or unliquidated, suspected or unsuspected, which any
Releasing Party may now or hereafter own, hold, have or claims to have against
the Released Parties, in their capacities as such under the Credit Agreement or
other Finance Documents, for, upon, or by reason of any circumstance, action,
fact, event or omission or other matter occurring at or from any time prior to
and including the Amendment Effective Date in any way arising out of, connected
with or relating to this Consent and Amendment, the Waiver and Forbearance
Agreement, the Credit Agreement, any other Finance Document and the transactions
contemplated thereby or hereunder; provided, however, that no Released Party
shall be released from any act or omission that constitutes gross negligence,
fraud or wilful misconduct.

  

11.     Miscellaneous.

 

(a)     Effect of Amendment. The execution, delivery and effectiveness of this
Consent and Amendment shall not operate as a waiver of any right, power or
remedy of Agent, Security Trustee or any Lender under the Credit Agreement, the
General Security Agreement or any other Finance Documents or constitute a waiver
of any provision of the Credit Agreement, the General Security Agreement or any
other Finance Document, except as expressly set forth herein. Except as set
forth in Section 3, no Default or Event of Default shall be deemed waived or
otherwise consented to as a result of this Consent and Amendment and the Lenders
reserve all rights with respect to any such Defaults and Events of Default
(subject to the Waiver and Forbearance Agreement).

 

(b)     Counterparts. This Consent and Amendment may be executed in any number
of counterparts and by the different parties on separate counterparts, and each
such counterpart shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. Delivery of the
executed counterpart of this Consent and Amendment by facsimile or electronic
mail shall be as effective as delivery of a manually executed counterpart to
this Consent and Amendment.

 

(c)     Severability. The illegality or unenforceability of any provision of
this Consent and Amendment or any instrument or agreement required hereunder
shall not in any way affect or impair the legality or enforceability of the
remaining provisions of this Consent and Amendment or any instrument or
agreement required hereunder.

  

 
 

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(d)     Captions. Section captions used in this Consent and Amendment are for
convenience only, and shall not affect the construction of this Consent and
Amendment.

 

(e)     Fees and Expenses. Without limiting the provisions of Section 16 of the
Credit Agreement, the Borrower shall pay to the Agent all the actual and
reasonable costs and expenses in connection with the preparation and negotiation
of this Consent and Amendment and the fees, expenses and disbursements of
counsel to the Agent.

 

(f)     Entire Agreement. This Consent and Amendment embodies the entire
agreement and understanding among the parties hereto and supersedes all prior or
contemporaneous agreements and understandings of such Persons, verbal or
written, relating to the subject matter hereof.

 

(g)     References. Any reference to the Credit Agreement contained in any
notice, request, certificate, or other document executed concurrently with or
after the execution and delivery of this Consent and Amendment shall be deemed
to include this Consent and Amendment unless the context shall otherwise
require. Reference in any of this Consent and Amendment, the Credit Agreement or
any other Finance Document to the Credit Agreement shall be a reference to the
Credit Agreement, as amended hereby and as further amended, modified, restated,
supplemented or extended from time to time. This Consent and Amendment shall be
a Finance Document.

 

(h)     Governing Law; Jurisdiction; Waiver of Jury Trial. This Amendment shall
be governed by and construed in accordance with the law of the State of New York
and (to the extent applicable) the Bankruptcy Code, without reference to the
conflicts or choice of law provisions thereof. Each of the Parties hereby
consents and agrees that the jurisdiction provisions of the Credit Agreement
shall govern any action, claim or other proceeding in respect of this Amendment
or any matters arising out of or related thereto. Each of the Parties hereby
waives its respective rights to a jury trial with respect to any action, claim
or other proceeding arising out of any dispute in connection with this
Amendment, any rights or obligations hereunder, or the performance of such
rights and obligations.

 

 

 

[signature pages follow]

  

 
 

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IN WITNESS WHEREOF, the Parties hereto have caused this Consent and Amendment to
be duly executed and delivered by their proper and duly authorized officers as
of the day and year first above written.

 

BORROWER: 

EAGLE BULK SHIPPING INC., 

 

 

 

 

 

 

 

 

 

 

By: 

/s/ Adir Katzav 

 

 

 

Name:  Adir Katzav 

 

 

 

Title:    Chief Financial Officer 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GUARANTORS: 

AVOCET SHIPPING LLC 

 

  BITTERN SHIPPING LLC     CANARY SHIPPING LLC     CARDINAL SHIPPING LLC    
CONDOR SHIPPING LLC     CRANE SHIPPING LLC     CRESTED EAGLE SHIPPING LLC    
CROWNED EAGLE SHIPPING LLC     EGRET SHIPPING LLC     FALCON SHIPPING LLC    
GANNET SHIPPING LLC     GOLDEN EAGLE SHIPPING LLC     GOLDENEYE SHIPPING LLC    
GREBE SHIPPING LLC     HARRIER SHIPPING LLC     HAWK SHIPPING LLC     IBIS
SHIPPING LLC     IMPERIAL EAGLE SHIPPING LLC     JAEGER SHIPPING LLC     JAY
SHIPPING LLC     KESTREL SHIPPING LLC     KINGFISHER SHIPPING LLC     KITE
SHIPPING LLC     KITTIWAKE SHIPPING LLC     MARTIN SHIPPING LLC     MERLIN
SHIPPING LLC     NIGHTHAWK SHIPPING LLC     ORIOLE SHIPPING LLC     OSPREY
SHIPPING LLC     OWL SHIPPING LLC     PEREGRINE SHIPPING LLC     PETREL SHIPPING
LLC  

  

 

 

 

 
 

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PUFFIN SHIPPING LLC 

 

  REDWING SHIPPING LLC     ROADRUNNER SHIPPING LLC     SANDPIPER SHIPPING LLC  
  SHRIKE SHIPPING LLC     SKUA SHIPPING LLC     SPARROW SHIPPING LLC     STELLAR
EAGLE SHIPPING LLC     TERN SHIPPING LLC     THRASHER SHIPPING LLC     THRUSH
SHIPPING LLC     WOODSTAR SHIPPING LLC     WREN SHIPPING LLC     GRIFFON
SHIPPING LLC     HERON SHIPPING LLC     EAGLE BULK (DELAWARE) LLC     EAGLE
SHIPPING INTERNATIONAL (USA) LLC  

 

 

 

 

 

 

 

 

 

By: 

Eagle Bulk Shipping Inc., its Sole Member 

 

 

 

 

 

 

 

 

 

 

By: 

/s/ Adir Katzav 

 

 

 

Name: Adir Katzav 

 

 

 

Title:   Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

EAGLE MANAGEMENT CONSULTANTS LLC

 

 

EAGLE SHIP MANAGEMENT LLC 

 

 

 

 

 

 

By: 

Eagle Shipping International (USA) LLC, its Sole Member 

 

 

By: 

Eagle Bulk Shipping Inc., its Sole Member 

 

 

 

 

 

          By: /s/ Adir Katzav  

 

 

Name: Adir Katzav 

 

    Title:   Chief Financial Officer  

 

 

 
 

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AGALI SHIPPING S.A. 

 

  KAMPIA SHIPPING S.A.     MARMARO SHIPPING S.A.     MESTA SHIPPING S.A.    
MYLOS SHIPPING S.A.     NAGOS SHIPPING S.A.     RAHI SHIPPING S.A.     SIRIKARI
SHIPPING S.A.     SPILIA SHIPPING S.A.     ANEMI MARITIME SERVICES S.A.  

 

 

 

 

 

 

 

 

 

By: 

/s/ Adir Katzav 

 

 

 

Name: Adir Katzav 

 

 

 

Title: Attorney-In-Fact 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EAGLE BULK PTE. LTD. 

 

 

EAGLE MANAGEMENT CONSULTANCY PTE. LTD. 

 

 

 

 

 

 

 

 

 

 

By: 

/s/ Adir Katzav 

 

 

 

Name: Adir Katzav 

 

 

 

Title: Attorney-In-Fact 

 

 

 

 

 
 

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AGENT AND SECURITY TRUSTEE: 

 

 

 

 

 

 

WILMINGTON TRUST (LONDON) LIMITED 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By: 

/s/ Paul Barton 

 

 

Name: Paul Barton 

 

 

Title: Director   

 

 

 

 

 
 

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LENDERS: 

BANK OF AMERICA, N.A., solely on behalf of Global Credit & Special Situations  

 

 

 

 

 

By: 

/s/ Jonathan M Barnes 

 

 

 

Name: Jonathan M Barnes 

 

 

 

Title: Vice President 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Bank of America, N.A.

214 North Tryon Street

NC1-027-15-01

Charlotte, NC 28255  

 

 

 

 

 

Attn: Jonathan M Barnes/Credit Info Group

Facsimile: 704-409-0768

EMAIL: jon.barnes@baml.com

Bas.infomanager@bankofamerica.com  

 

 

 

 

 

* For the avoidance of doubt, Bank of America, N.A. (“BANA”) is executing this
Agreement solely in connection with interests which are the record and
beneficial ownership of the Global Credit & Special Situations (“GCSS”) business
unit and for no other line of business at Bank of America Merrill Lynch,
including without limitation, shares held in accounts for which BANA is the
investment manager, but not related to the GCSS business unit.  

 

 
 

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BLUEBAY ASSET MANAGEMENT LLP, acting as agent for BlueBay Funds Management
Company S.A. acting for and on behalf of BlueBay Specialised Funds: Global
Unconstrained High Yield (Master) Fund

 

 

 

 

 

BLUEBAY ASSET MANAGEMENT LLP, acting as agent for BlueBay Global Monthly Income
Bond Fund 

 

 

 

 

 

BLUEBAY ASSET MANAGEMENT LLP, acting as agent for BlueBay COF Loan Investments
S.A.

 

 

 

 

 

BLUEBAY ASSET MANAGEMENT LLP, acting as agent for BlueBay Global Unconstrained
High Yield Investments (Luxembourg) S.à.r.l 

 

 

 

 

 

BLUEBAY ASSET MANAGEMENT LLP, acting as agent for BlueBay European Distressed
Opportunities Investments (Luxembourg) S.à.r.l 

 

 

 

 

 

By: 

/s/ Timothy Horan 

 

    Name: Timothy Horan       Title: Credit Analyst          

 

Please send notices to: 

 

       

BlueBay Asset Management LLP

107 Elm Street, Suite 512

Stamford, CT 06902

       

Attn: Timothy Horan

Facsimile: (203) 541-4325

EMAIL: thoran@bluebayinvest.com

 

 
 

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BRIGADE DISTRESSED VALUE MASTER FUND, LTD. 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

 

By: 

 /s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to:  

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

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BIG RIVER GROUP FUND SPD LIMITED –BOND SEGREGATED PORTFOLIO  

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

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BIRCH CAPITAL FUND SPC LIMITED –BOND SEGREGATED PORTFOLIO  

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

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BRIGADE CREDIT FUND II LTD.

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022  

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com  

 

 
 

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BRIGADE LEVERAGED CAPITAL STRUCTURES FUND LTD. 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 

 
 

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BRIGADE OPPORTUNISTIC CREDIT FUND 16 LLC 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022  

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com  

 

 
 

--------------------------------------------------------------------------------

 

 

 

BRIGADE OPPORTUNISTIC CREDIT FUND - ICL LP  

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022  

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 

 
 

--------------------------------------------------------------------------------

 

 

 

BRIGADE OPPORTUNISTIC CREDIT LBG FUND LTD. 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

CITIGROUP PENSION PLAN 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

FEDEX CORPORATION EMPLOYEES' PENSION TRUST 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

FIRST ENERGY CORP. SYSTEM MASTER RETIREMENT TRUST 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

  

 

FUTURE DIRECTIONS CREDIT OPPORTUNITIES FUND  

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022  

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com  

 

 
 

--------------------------------------------------------------------------------

 

 

 

LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION/BRIGADE 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

OCA BRIGADE CREDIT FUND II LLC

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

RUSSELL INVESTMENT COMPANY RUSSELL MULTI-STRATEGY ALTERNATIVE FUND 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

TASMAN FUND LP  

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

 
 

--------------------------------------------------------------------------------

 

 

TEXAS ABSOLUTE CREDIT OPPORTUNITIES STRATEGY LP 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

 

  

 
 

--------------------------------------------------------------------------------

 

 

 

THE COCA-COLA COMPANY MASTER RETIREMENT TRUST 

 

 

 

 

 

By: Brigade Capital Management, LP, as Investment Manager 

 

 

 

 

 

By: 

/s/ Raymond Luis 

 

 

 

Name: Raymond Luis 

 

 

 

Title: CFO 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Brigade Capital Management, LP

399 Park Avenue, 16th Floor

New York, NY 10022 

 

 

 

 

 

 

Attn: Jim Keogh

Facsimile: 469-304-2965

EMAIL:14693042965@tls.ldsprod.com

BankDebt@brigadecapital.com 

  

 
 

--------------------------------------------------------------------------------

 

 

 

CANYON BALANCED MASTER FUND, LTD. 

      CANYON BLUE CREDIT INVESTMENT FUND L.P.       CANYON DISTRESSED
OPPORTUNITY INVESTING FUND, L.P.       CANYON DISTRESSED OPPORTUNITY MASTER
FUND, L.P.       CANYON VALUE REALIZATION FUND L.P.       CANYON VALUE
REALIZATION MAC 18 LTD.       CANYON-GRF MASTER FUND II, LP       CANYON-TCDRS
FUND, LLC       CITI CANYON LTD.       PERMAL CANYON FUND LTD       THE CANYON
VALUE REALIZATION MASTER FUND, L.P.       AAI CANYON FUND PLC, an umbrella
investment company with variable capital and segregated liability between
sub-funds, solely in respect of Canyon Reflection Fund       By: Canyon Capital
Advisors LLC       On behalf of the above-referenced funds and accounts

 

 

 

 

 

By: 

/s/ John P. Plaga 

 

 

 

Name: John P. Plaga 

 

 

 

Title: Authorized Signatory 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Canyon Partners, LLC

2000 Avenue of the Stars, 11th Floor

Los Angeles, CA 90067 

 

 

 

 

 

Attn: Canyon Legal

Facsimile: (310) 272-1371

EMAIL: Legal@canyonpartners.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

GOLDMAN SACHS LENDING PARTNERS 

 

 

 

 

 

By: 

/s/ Dennis Lafferty 

 

 

 

Name: Dennis Lafferty 

 

 

 

Title: Managing Director 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Goldman, Sachs & Co.                                        

30 Hudson Street, 5th Floor

Jersey City, NJ 07302

Attn: Michelle Latzoni

Facsimile: 646-769-7700

EMAIL: gs-sbd-admin-contacts@ny.email.gs.com 

 

  

 
 

--------------------------------------------------------------------------------

 

 

 

MERRILL LYNCH CREDIT PRODUCTS, LLC, solely on behalf of Global Credit & Special
Situations 

 

 

 

 

 

By: 

/s/ Jonathan M Barnes 

 

 

 

Name: Jonathan M Barnes 

 

 

 

Title: Vice President 

 

 

 

 

 

 

Please send notices to:  

 

 

 

 

 

Merrill Lynch Credit Products, LLC

214 North Tryon Street

NC1-027-15-01

Charlotte, NC 28255  

 

 

 

 

 

Attn: Jonathan M Barnes/Credit Info Group

Facsimile: 704-409-0768

EMAIL: jon.barnes@baml.com

Bas.infomanager@bankofamerica.com 

 

 

 

 

 

* For the avoidance of doubt, Merrill Lynch Credit Products, LLC (“MLCP”) is
executing this Agreement solely in connection with interests which are the
record and beneficial ownership of the Global Credit & Special Situations
(“GCSS”) business unit and for no other line of business at Bank of America
Merrill Lynch. 

  

 
 

--------------------------------------------------------------------------------

 

 

 

MIDTOWN ACQUISITIONS L.P.  

 

 

 

 

 

By: Midtown Acquisitions GP LLC, its general partner 

 

 

 

 

 

 

By: 

/s/ Connor Bastable 

 

 

 

Name: Connor Bastable 

 

 

 

Title: Manager 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

Midtown Acquisitions L.P.

65 East 55th Street, 19th Floor

New York, NY 10022 

 

 

 

 

 

Attn: Scott Vogel, Christian Cantalupo

Facsimile: 212-371-4318

EMAIL: svogel@dkpartners.com ccantalupo@dkpartners.com 

  

 
 

--------------------------------------------------------------------------------

 

 

 

OAKTREE VALUE OPPORTUNITIES FUND HOLDINGS, L.P. 

 

 

 

 

 

By: Oaktree Value Opportunities Fund GP, L.P.

Its: General Partner 

 

 

 

 

 

By: Oaktree Value Opportunities Fund GP, Ltd.

Its: General Partner 

 

 

 

 

 

By: Oaktree Capital Management, L.P.

Its: Director 

 

 

 

 

 

By: 

/s/ Emily Stephens 

 

 

 

Name: Emily Stephens 

 

 

 

Title: Managing Director 

 

 

 

 

 

 

By: 

/s/ Mahesh Balakrishnan 

 

 

 

Name: Mahesh Balakrishnan 

 

    Title: Senior Vice President                     Please send notices to:    
     

 

c/o Oaktree Capital Management LP

333 So. Grand Ave., 28th Floor

Los Angeles, CA 90071 

         

Attn: Bill Santangelo

EMAIL: bsantangelo@oaktreecapital.com

   

 
 

--------------------------------------------------------------------------------

 

 

 

OAKTREE HUNTINGTON INVESTMENT FUND, L.P.

     

By: Oaktree Huntington Investment Fund GP, L.P.

 

Its: General Partner

     

By: Oaktree Huntington Investment Fund GP Ltd.

 

Its: General Partner

     

By: Oaktree Capital Management, L.P.

 

Its: Director

     

By:      /s/ Emily Stephens               

 

Name: Emily Stephens

 

Title: Managing Director

     

By:      /s/ Mahesh Balakrishnan          

 

Name: Mahesh Balakrishnan

 

Title: Senior Vice President

     

Please send notices to:

     

c/o Oaktree Capital Management LP

 

333 So. Grand Ave., 28th Floor

 

Los Angeles, CA 90071

     

Attn: Bill Santangelo

 

EMAIL: bsantangelo@oaktreecapital.com

 

 
 

--------------------------------------------------------------------------------

 

 

 

OAKTREE OPPORTUNITIES FUND VIIIB DELAWARE, L.P. 

 

 

 

 

 

 

By: Oaktree Fund GP, LLC

Its: General Partner 

 

 

 

 

 

 

By: Oaktree Capital I, L.P.

Its: General Partner 

 

 

 

 

 

By: OCM Holdings I, LLC

Its: General Partner 

 

 

 

 

 

By: Oaktree Fund GP I, L.P.

Its: Managing Member 

 

 

 

 

 

By: 

/s/ Emily Stephens 

 

 

 

Name: Emily Stephens 

 

 

 

Title: Managing Director 

 

 

 

 

 

  By: /s/ Mahesh Balakrishnan       Name: Mahesh Balakrishnan       Title:
Senior Vice President          

 

Please send notices to: 

         

c/o Oaktree Capital Management LP

333 So. Grand Ave., 28th Floor

Los Angeles, CA 90071

           

Attn: Bill Santangelo

EMAIL: bsantangelo@oaktreecapital.com

 

 

 
 

--------------------------------------------------------------------------------

 

 

 

OAKTREE OPPS IX HOLDCO LTD. 

      OAKTREE OPPS IX (PARALLEL 2) HOLDCO LTD.       OAKTREE VOF (CAYMAN) 1 CTB
LTD.       OAKTREE HUNTINGTON (CAYMAN) 5 CTB LTD.       OAKTREE OPPS VIII
(CAYMAN) 3 CTB LTD.       OAKTREE OPPS IX PARALLEL (CAYMAN) 1 CTB LTD.      
OAKTREE OPPS IX (CAYMAN) 1 CTB LTD.       OAKTREE OPPS IX PARALLEL 2 (CAYMAN) 1
CTB LTD.    

 

 

 

 

 

By: Oaktree Capital Management, L.P.

Their: Director 

 

 

 

 

 

By: 

/s/ Emily Stephens 

 

 

 

Name: Emily Stephens 

 

 

 

Title: Managing Director 

 

 

 

 

 

 

By: 

/s/ Mahesh Balakrishnan 

 

 

 

Name: Mahesh Balakrishnan 

 

 

 

Title: Senior Vice President 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

c/o Oaktree Capital Management LP

333 So. Grand Ave., 28th Floor

Los Angeles, CA 90071

           

Attn: Bill Santangelo

EMAIL: bsantangelo@oaktreecapital.com

 

  

 
 

--------------------------------------------------------------------------------

 

 

 

OCP INVESTMENT TRUST 

 

 

 

 

 

By: Onex Credit Partners, LLC, its manager 

 

 

 

 

 

By: 

/s/ Kevin Connors 

 

 

 

Name: Kevin Connors 

 

 

 

Title: Portfolio Manager 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

notifications@onexcredit.com 

 

 

 

 

 

Attn: Andrew Walker

Facsimile: 201-541-2611

EMAIL: notifications@onexcredit.com 

   

 
 

--------------------------------------------------------------------------------

 

 

 

ONEX DEBT OPPORTUNITY FUND, LTD.

 

 

 

 

 

 

 

By: Onex Credit Partners, LLC, its investment manager 

 

 

 

 

 

 

By: 

/s/ Kevin Connors 

 

 

 

Name: Kevin Connors 

 

 

 

Title: Portfolio Manager 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

notifications@onexcredit.com 

 

 

 

 

 

Attn: Andrew Walker

Facsimile: 201-541-2611

EMAIL: notifications@onexcredit.com 

 

 
 

--------------------------------------------------------------------------------

 

 

 

PANNING MASTER FUND, LP 

 

 

 

 

 

By: Panning Capital Management, LP, its investment manager 

 

 

 

 

 

 

By: 

/s/ Kieran Goodwin 

 

 

 

Name: Kieran Goodwin 

 

 

 

Title: Authorized Signatory 

 

 

 

 

 

 

Please send notices to: 

 

 

 

 

 

 

Panning Master Fund, LP

510 Madison Ave., 24th Fl

New York, NY 10022 

 

 

 

 

 

Attn: Robert Bowers

Facsimile: 212-916-1861

EMAIL: Robert@panning.com 

  

 
 

--------------------------------------------------------------------------------

 

 

EXHIBIT A

 

[ DIP Credit Agreement ]