Exhibit (10)(i)(1.5)

 

AMENDMENT NO. 5 TO THE

AMENDMENT AND RESTATEMENT OF THE CREDIT AGREEMENT

 

Dated as of December 13, 2001

 

AMENDMENT NO. 5 TO THE AMENDMENT AND RESTATEMENT OF THE CREDIT AGREEMENT (this
“Amendment”) among BROADWING INC. (f/k/a Cincinnati Bell Inc.), an Ohio
corporation (“Broadwing”), and BROADWING COMMUNICATIONS SERVICES INC. (f/k/a IXC
Communications Services, Inc.), a Delaware corporation (“Broadwing
Communications Services”, and together with Broadwing, each a “Borrower” and
collectively the “Borrowers”), the banks, financial institutions and other
institutional lenders parties to the Credit Agreement (as defined below) (the
“Lenders”), BANK OF AMERICA, N.A., as syndication agent, CITICORP USA, INC., as
administrative agent (the “Administrative Agent”), and the other agents party to
the Credit Agreement.

 

PRELIMINARY STATEMENTS:

 

(1)           Each Borrower, the Lenders and the Administrative Agent have
entered into an Amendment and Restatement of the Credit Agreement dated as of
January 12, 2000, and amendments thereto dated as of May 17, 2000, November 3,
2000, June 12, 2001 and June 27, 2001 (such Amendment and Restatement of the
Credit Agreement, as so amended, supplemented or otherwise modified through the
date hereof, the “Credit Agreement”).  Capitalized terms not otherwise defined
in this Amendment have the same meanings as specified in the Credit Agreement.

 

(2)           The Borrowers have requested and the Required Lenders have agreed
to further amend the Credit Agreement as hereinafter set forth.

 

SECTION 1. Amendments to Credit Agreement.  The Credit Agreement is, effective
as of the Amendment No. 5 Effective Date (as hereafter defined) and subject to
the satisfaction of the conditions precedent set forth in Section 2, hereby
amended as follows:

 

(a)           The following definitions in Section 1.01 are amended as hereafter
set forth:

 

(I)            THE DEFINITION OF “CAPITALIZATION” IS AMENDED AND RESTATED IN ITS
ENTIRETY TO READ AS FOLLOWS:

 

“‘Capitalization’ means, as of any date, the sum, without duplication, as of
such date, of Consolidated Debt, the liquidation preference of preferred stock,
the par value of common stock and additional paid in capital less treasury stock
of CBI and the Subsidiaries on a Consolidated basis.”

 

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(II)           THE DEFINITION OF “CONFIDENTIAL INFORMATION” IS AMENDED AND
RESTATED IN ITS ENTIRETY AS FOLLOWS:

 

“‘Confidential Information’ means all information, including material nonpublic
information within the meaning of Regulation FD promulgated by the Securities
and Exchange Commission, received from the Borrowers relating to the Borrowers
or their respective businesses, other than any such information that is
available to any Agent or any Lender Party on a nonconfidential basis prior to
disclosure by the Borrowers; provided that, in case of information received from
the Borrowers after the date hereof, such information is clearly identified at
the time of delivery as confidential.”.

 

(III)          CLAUSE (I) OF THE DEFINITION OF “CONSOLIDATED EBITDA” IS AMENDED
AND RESTATED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“(i)  all Consolidated Interest Expense (including, for purposes of this
definition only, all interest and payment Obligations in respect of Debt
referred to in clause (h) of the definition of “Debt” herein) of such Person and
its Subsidiaries for such period,”.

 

(IV)          THE WORD “AND” IMMEDIATELY PRECEDING CLAUSE (V) OF THE DEFINITION
OF “CONSOLIDATED EBITDA” IS DELETED, AND SUCH CLAUSE (V) IS AMENDED AND RESTATED
IN ITS ENTIRETY AS FOLLOWS:

 

“(v)  all non-cash, non-recurring charges deducted in determining the
consolidated net income of such Person and its Subsidiaries for such period in
an amount not to exceed $100,000,000 in aggregate for the four consecutive
fiscal quarters ended on or immediately prior to the date of determination
(excluding from such dollar limit (A) all non-cash losses with respect to the
decrease in value of the equity investments in PSINet Inc., Applied Theory
Corporation and ZeroPlus.com, Inc. reflected in the financial statements of
Broadwing in Fiscal Year 2000 and (B) non-cash losses not to exceed $200,000,000
resulting from the 2001 Restructuring deducted in determining the consolidated
net income of the Borrowers in the fourth quarter of Fiscal Year 2001 and all
other quarters impacted as a result of the 2001 Restructuring), and all
extraordinary losses deducted in determining the consolidated net income of such
Person and its Subsidiaries for such period (provided that any cash payment made
with respect to any such non-cash charge shall be subtracted in computing
Consolidated EBITDA during the period in which such cash payment is made) less
all extraordinary gains and non-cash, non-recurring gains added in determining
the consolidated net income of such Person

 

2

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and its Subsidiaries for such period, in each case determined in accordance with
GAAP for such period, and”

 

(V)           THE DEFINITION OF “CONSOLIDATED EBITDA” IS FURTHER AMENDED BY
ADDING A NEW CLAUSE (VI) TO READ AS FOLLOWS:

 

“(vi)  cash losses for such period not to exceed $100,000,000 resulting from the
2001 Restructuring deducted in determining the consolidated net income of the
Borrowers in the fourth quarter of Fiscal Year 2001 and all other quarters
impacted as a result of the 2001 Restructuring”.

 

(VI)          THE DEFINITION OF “CONSOLIDATED INTEREST EXPENSE” IS AMENDED BY
ADDING THE PHRASE “, OTHER THAN THE EXCHANGEABLE PREFERRED STOCK” AFTER THE WORD
“HEREIN” IN THE PARENTHETICAL IN THE FIRST SENTENCE THEREOF.

 

(B)   SECTION 1.01 IS FURTHER AMENDED BY ADDING THE FOLLOWING NEW DEFINITION IN
ALPHABETICAL ORDER:

 

“‘2001 Restructuring’ means the restructuring of CBI commencing in the fourth
fiscal quarter of 2001 effected to, among other things, write down various
assets, reduce employee headcount, exit certain facilities and discontinue
certain nonstrategic products and business activities.”.

 

(C)   THE PARENTHETICAL IN SECTION 5.03(D), ANNUAL FORECASTS, IS AMENDED AND
RESTATED IN ITS ENTIRETY TO READ AS FOLLOWS:

 

“(or in the case of the Fiscal Year ended December 31, 1999, no later than
February 15, 2000, and in the case of the Fiscal Year ended December 31, 2001,
no later than February 15, 2002)”.

 

(D)   SECTION 9.10 OF THE CREDIT AGREEMENT IS AMENDED AND RESTATED IN ITS
ENTIRETY TO READ AS FOLLOWS:

 

“SECTION 9.10. Confidentiality.  Each of the Agents and Lender Parties expressly
agrees, for the benefit of the Borrowers and their respective Affiliates, to
maintain the confidentiality of the Confidential Information, except that
Confidential Information may be disclosed (i) to it and its Affiliates’
directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Confidential
Information and instructed to keep such Confidential Information confidential),
(ii) to the extent requested by any regulatory authority or self-regulatory body
operating pursuant to statutory authority having or claiming authority to

 

3

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regulate or oversee any aspect of any business of any Lender or that of any of
its Affiliates, (iii) to the extent required by applicable laws or regulations
or by any subpoena or similar legal process, (iv) to any other party to this
Agreement, (v) in connection with the exercise of any remedies hereunder or any
suit, action or proceeding relating to this Agreement or the enforcement of
rights hereunder, (vi) subject to an express agreement for the benefit of the
Borrowers and their respective Affiliates containing provisions substantially
the same as those of this paragraph, to any Eligible Assignee of or participant
in, or any prospective Eligible Assignee of or participant in, any of its rights
or obligations under this Agreement, (vii) with the consent of the Borrowers,
(viii) to the extent such Confidential Information (A) becomes publicly
available other than as a result of a breach of this paragraph or (B) becomes
available to any Agent or any Lender Party on a nonconfidential basis from a
source other than the Borrowers or (ix) to any direct or indirect contractual
counterparty in swap agreements or such contractual counterparty’s professional
advisor (so long as such contractual counterparty or professional advisor to
such contractual counterparty is subject to an express agreement for the benefit
of the Borrowers and their respective Affiliates containing provisions
substantially the same as those of this paragraph).  Any Person required to
maintain the confidentiality of Confidential Information as provided in this
Section 9.10 shall be considered to have complied with its obligation to do so
if such Person has exercised the same degree of care to maintain the
confidentiality of such Confidential Information as such Person would accord to
its own confidential information; provided, however, that with respect to
disclosures pursuant to clauses (ii) and (iii) of this Section 9.10 (other than
disclosures pursuant to routine regulatory examinations), unless prohibited by
law or applicable court order, each Lender Party and each Agent shall attempt to
notify the Borrowers of any request by any governmental agency or representative
thereof or other Person for disclosure of Confidential Information after receipt
of such request, and if reasonable, practicable and permissible, before
disclosure of such Confidential Information.  It is understood and agreed that
the Borrowers and their respective Affiliates may rely upon this Section 9.10
for any purpose, including without limitation to comply with Regulation FD
promulgated by the Securities and Exchange Commission.”.

 

4

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SECTION 2. Conditions of Effectiveness.  This Amendment shall become effective
as of the date first above written (the “Amendment No. 5 Effective Date”) when,
and only when, each of the following conditions precedent shall have been
satisfied:

 

(A)   THE ADMINISTRATIVE AGENT SHALL HAVE RECEIVED COUNTERPARTS OF (X) THIS
AMENDMENT EXECUTED BY THE UNDERSIGNED, THE REQUIRED LENDERS OR, AS TO ANY OF THE
LENDERS, ADVICE SATISFACTORY TO THE ADMINISTRATIVE AGENT THAT SUCH LENDER HAS
EXECUTED THIS AMENDMENT, AND (Y) THE CONSENT ATTACHED HERETO EXECUTED BY EACH OF
THE SUBSIDIARY GUARANTORS;

 

(B)   THE REPRESENTATIONS AND WARRANTIES SET FORTH IN EACH OF THE LOAN DOCUMENTS
SHALL BE CORRECT IN ALL MATERIAL RESPECTS ON AND AS OF THE AMENDMENT NO. 5
EFFECTIVE DATE, BEFORE AND AFTER GIVING EFFECT TO THIS AMENDMENT, AS THOUGH MADE
ON AND AS OF SUCH DATE (EXCEPT FOR ANY SUCH REPRESENTATION AND WARRANTY THAT, BY
ITS TERMS, REFERS TO A SPECIFIC DATE OTHER THAN THE AMENDMENT NO. 5 EFFECTIVE
DATE, IN WHICH CASE AS OF SUCH SPECIFIC DATE);

 

(C)   NO EVENT SHALL HAVE OCCURRED AND BE CONTINUING, OR SHALL RESULT FROM THE
EFFECTIVENESS OF THIS AMENDMENT THAT CONSTITUTES A DEFAULT OR EVENT OF DEFAULT;

 

(D)   ALL OF THE ACCRUED FEES THEN DUE AND INVOICED EXPENSES OF THE
ADMINISTRATIVE AGENT AND THE LENDERS, INCLUDING THE INVOICED FEES AND EXPENSES
OF COUNSEL FOR THE ADMINISTRATIVE AGENT, SHALL HAVE BEEN PAID IN FULL; AND

 

(E)   AN AMENDMENT FEE EQUAL TO 0.125% OF THE AGGREGATE OUTSTANDING TERM
ADVANCES AND REVOLVING CREDIT COMMITMENTS OF EACH LENDER THAT DELIVERS TO THE
ADMINISTRATIVE AGENT A DULY EXECUTED COUNTERPART OF THIS AMENDMENT ON OR BEFORE
5:00 P.M., NEW YORK CITY TIME, ON DECEMBER 13, 2001, SHALL HAVE BEEN PAID IN
FULL; PROVIDED THAT EXECUTED COUNTERPARTS OF THIS AMENDMENT SHALL HAVE BEEN
RECEIVED BY THE REQUIRED LENDERS ON OR BEFORE THE DATE HEREOF.

 

The effectiveness of this Amendment is further conditioned upon the accuracy of
all of the factual matters described herein.  This Amendment is subject to the
provisions of Section 9.01 of the Credit Agreement.

 

SECTION 3. Reference to and Effect on the Loan Documents.  (a)  On and after the
effectiveness of this Amendment, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement, and each reference in the Notes and each of the other Loan
Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement, as amended by this Amendment.

 

(B)   THE CREDIT AGREEMENT, AS SPECIFICALLY AMENDED BY THIS AMENDMENT, AND THE
OTHER LOAN DOCUMENTS ARE AND SHALL CONTINUE TO BE IN FULL FORCE AND EFFECT AND
ARE HEREBY IN ALL RESPECTS RATIFIED AND CONFIRMED.  WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING, THE COLLATERAL DOCUMENTS AND ALL OF THE COLLATERAL
DESCRIBED THEREIN DO AND SHALL CONTINUE TO SECURE THE PAYMENT OF ALL OBLIGATIONS
OF THE LOAN PARTIES UNDER THE LOAN DOCUMENTS, IN EACH CASE AS AMENDED BY THIS
AMENDMENT.

 

(C)   THE EXECUTION, DELIVERY AND EFFECTIVENESS OF THIS AMENDMENT SHALL NOT,
EXCEPT AS EXPRESSLY PROVIDED HEREIN, OPERATE AS A WAIVER OF ANY RIGHT, POWER OR
REMEDY OF ANY LENDER OR

 

5

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the Administrative Agent under any of the Loan Documents, nor constitute a
waiver of any provision of any of the Loan Documents.

 

SECTION 4.   Costs, Expenses.  Each of the Borrowers hereby severally agree to
pay on demand all reasonable costs and expenses of the Administrative Agent in
connection with the preparation, execution, delivery and administration,
modification and amendment of this Amendment (including, without limitation, the
reasonable fees and expenses of counsel for the Administrative Agent) in
accordance with the terms of Section 9.04 of the Credit Agreement.

 

SECTION 5.   Execution in Counterparts.  This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute but one and the same agreement.  Delivery
of an executed counterpart of a signature page to this Amendment by telecopier
shall be effective as delivery of a manually executed counterpart of this
Amendment.

 

SECTION 6. Governing Law.  This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

 

[Remainder of this page intentionally left blank.]

 

6

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

 

 

BROADWING INC. (f/k/a CINCINNATI BELL INC.)

 

 

 

 

 

By

 

 

Title:

 

 

 

BROADWING COMMUNICATIONS SERVICES INC. (f/k/a IXC COMMUNICATIONS SERVICES, INC.)

 

 

 

 

 

By

 

 

Title:

 

7

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Agreed as of the date first above written:

 

CITICORP USA, INC.,

as Administrative Agent and as Lender

 

 

By

 

 

Title:

 

BANK OF AMERICA, N.A.,

as Syndication Agent and as Lender

 

 

By

 

 

Title:

 

8

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Lenders:

 

 

 

 

 

ABN AMRO BANK N.V.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ADDISON CDO, LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

AERIES FINANCE — II LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ALLSTATE LIFE INSURANCE COMPANY

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

AMARA I FINANCE  LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

AMMC CDO II, LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

APEX (TRIMARAN) CDO I LTD.

 

 

 

 

 

By

 

 

Title:

 

9

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ARCHIMEDES FUNDING, L.L.C.

 

 

By:

ING Capital Advisors LLC, as Collateral Manager

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

ARCHIMEDES FUNDING II, LTD.

 

 

By:

ING Capital Advisors LLC, as Collateral Manager

 

 

 

 

 

 

 

 

By

 

 

 

Title:

 

 

 

 

 

 

 

 

ARCHIMEDES FUNDING III, LTD.

 

 

By:

ING Capital Advisors LLC, as Collateral Manager

 

 

 

 

 

 

 

 

By

 

 

 

Title:

 

 

 

 

 

 

 

 

ARES LEVERAGED INVESTMENT FUND II LP

 

 

 

 

 

 

 

 

By

 

 

 

Title:

 

 

 

 

 

 

 

 

ATHENA CDO, LIMITED

 

 

By:

Pacific Investment Management Company, as its Investment Advisor

 

 

 

 

 

 

 

 

By

 

 

 

Title:

 

 

AVALON CAPITAL LTD.

 

 

 

 

 

 

 

 

By

 

 

 

Title:

 

 

10

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AVALON CAPITAL LTD. II

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE, INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BANK OF AMERICA, N.A.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BANK OF CHINA, NEW YORK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BANK OF MONTREAL

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BAVARIA TRR CORPORATION

 

 

 

 

 

By

 

 

Title:

 

11

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BAYERISCHE HYPO-UND VEREINSBANK AG,

 

NEW YORK BRANCH

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

By

 

 

Title:

 

 

 

BAYERISCHE LANDESBANK

 

GIROZENTRALE CAYMAN ISLANDS BRANCH

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BEAR STEARNS INVESTMENT PRODUCTS INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BLACK DIAMOND CAPITAL MGT.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BLACK DIAMOND CLO 2000-1 LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CAPTIVA FINANCE LTD.

 

 

 

 

 

By

 

 

Title:

 

12

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CAPTIVA II FINANCE LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CAPTIVA III FINANCE LTD., as advised by Pacific Investment Management Company

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CAPTIVA IV FINANCE LTD., as advised by Pacific Investment Management Company

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CENTURION CDO II, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CENTURION CDO III, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CERES II FINANCE LTD.

 

 

 

 

 

By

 

 

Title:

 

13

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CHANG HWA COMMERCIAL BANK, LTD.

 

New York Branch

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CHARTER VIEW PORTFOLIO

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CHINATRUST COMMERCIAL BANK, LTD.

 

New York Branch

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CITIBANK N.A.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CITIZENS BANK OF MASSACHUSETTS

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CLYDESDALE CLO 2001-1

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

COBANK, ACB

 

 

 

 

 

By

 

 

Title:

 

14

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COLISEUM FUNDING LTD.

 

By

Travelers Asset Management International Company LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

COMMERCEBANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CONSECO – WINGED FOOT FUNDING TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CONSTANTINUS EATON VANCE CDO V., LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CREDIT SUISSE FIRST BOSTON

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CYPRESSTREE INVESTMENT PARTNERS I, LTD.

 

By:

CypressTree Investment Management Company, Inc., as Portfolio Manager

 

 

 

 

 

By

 

 

Title:

 

15

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CYPRESSTREE INVESTMENT PARTNERS II, LTD.

 

 

By:

CypressTree Investment Management Company, Inc., as Portfolio Manager

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

DELANO COMPANY

 

 

By:

Pacific Investment Management Company, as its Investment Advisor

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

DEUTSCHE BANK AG, NEW YORK AND/OR

 

 

CAYMAN ISLAND BRANCHES

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

EAST WEST BANK

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

 

 

 

EATON VANCE CDO III, LTD.

 

 

 

 

 

 

 

 

By

 

 

Title:

 

 

16

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EATON VANCE CDO IV, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

EATON VANCE INSTITUTIONAL SENIOR LOAN

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

EATON VANCE SENIOR INCOME TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ELT LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ERSTE BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

EXCEL BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

EXPORT DEVELOPMENT CORPORATION

 

 

 

 

 

By

 

 

Title:

 

17

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FIFTH THIRD BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRST DOMINION FUNDING I

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRST DOMINION FUNDING II

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRST HAWAIIAN BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRST UNION NATIONAL BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRSTAR BANK N.A.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FIRSTRUST BANK

 

 

 

 

 

By

 

 

Title:

 

18

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FLEET NATIONAL BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

FUJI BANK LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

GENERAL ELECTRIC CAPITAL CORPORATION

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

GRAYSON & CO.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

GREAT POINT CLO 1999-1 LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

HARBOR VIEW CDO II LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

HARCH CLO I, LTD.

 

 

 

 

 

By

 

 

Title:

 

19

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IBM CREDIT CORPORATION

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

IKB CAPITAL CORPORATION

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INDOSUEZ CAPITAL FUNDING IIA, LTD.

 

By:   Indosuez Capital as Portfolio Advisor

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INDOSUEZ CAPITAL FUNDING III LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INDOSUEZ CAPITAL FUNDING IV, L.P.

 

By:   Indosuez Capital as Portfolio Advisor

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INDOSUEZ CAPITAL FUNDING VI, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ING PILGRIM SENIOR INCOME FUND

 

 

 

 

 

By

 

 

Title:

 

20

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ING SWISS LIFE US RAINBOW LIMITED

 

By:

ING Capital Advisors LLC, as Investment Advisor

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INVESCO AERIES FINANCE – II LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

INVESCO CBO 2000-1 LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

JHW CASH FLOW FUND I, L.P.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

JISSEKIKUN FUNDING, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

JUPITER FUNDING TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KATONAH I, LTD.

 

 

 

 

 

By

 

 

Title:

 

21

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KEMPER FLOATING RATE FUND

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KEY CORPORATE CAPITAL INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH CNC LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH CRESCENT LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH CRESCENT 2 LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH CRESCENT – 3 LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH CYPRESSTREE-1 LLC

 

 

 

 

 

By

 

 

Title:

 

22

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KZH ING-1 LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH ING-2 LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH ING-3 LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

KZH STERLING LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

LAGUNA FUNDING TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

LIBERTY – STEIN ROE ADVISOR FLOATING RATE

 

 

 

 

 

By

 

 

Title:

 

23

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MAPLEWOOD (CAYMAN) LIMITED, as Assignee

 

By:

Massachusetts Mutual Life Insurance Company, as Investment Advisor

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, as Assignee

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

MERITA BANK PLC, NEW YORK BRANCH

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

MERRILL LYNCH SENIOR FLOATING RATE FUND, INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ML CLO XII PILGRIM AMERICA (CAYMAN) LTD.

 

By:

Pilgrim Investments, Inc., as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

24

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ML CLO XV PILGRIM AMERICA (CAYMAN) LTD.

 

By:

Pilgrim Investments, Inc., as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ML CLO XX PILGRIM AMERICA (CAYMAN) LTD.

 

By:

Pilgrim Investments, Inc., as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NATEXIS BANQUE POPULAIRES

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NATIONAL CITY BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NATIONAL WESTMINSTER BANK PLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NEMEAN CLO, LTD.

 

 

 

 

 

By

 

 

Title:

 

25

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NOMURA BOND & LOAN FUND

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NORTHWOODS CAPITAL, LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NORTHWOODS CAPITAL II, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

NORTHWOODS CAPITAL III, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

OAK HILL CREDIT PARTNERS I, LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

OASIS COLLATERALIZED HIGH INCOME PORTFOLIO – 1 LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

OPPENHEIMER SENIOR FLOATING RATE FUND

 

 

 

 

 

By

 

 

Title:

 

26

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ORIGINATION

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ORYX CLO, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

OXFORD STRATEGIC INCOME FUND

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

PACIFICA PARTNERS I, L.P.

 

By:

Imperial Credit Asset Management, as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

PHOENIX FUNDING LIMITED

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

PILGRIM CLO 1999-1 LTD.

 

By:

Pilgrim Investments, Inc. as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

27

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PILGRIM PRIME RATE TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

PNC BANK, N.A.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

RIVIERA FUNDING LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ROYAL BANK OF CANADA

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ROYALTON COMPANY

 

By:

Pacific Investment Management Company, as its Investment Advisor

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SANKATY HIGH YIELD ASSET PARTNERS II, L.P.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SANKATY HIGH YIELD PARTNERS III LP

 

 

 

 

 

By

 

 

Title:

 

28

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SENIOR DEBT PORTFOLIO

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SEQUILS I, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SEQUILS IV, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SEQUILS-CENTURION V, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SEQUILS PILGRIM I, LTD.

 

By:

Pilgrim Investments, Inc., as its Investment Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SIMSBURY CLO, LIMITED, as Assignee

 

By:

Massachusetts Mutual Life Insurance Company, as Collateral Manager

 

 

 

 

 

By

 

 

Title:

 

29

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STANFIELD ARBITRAGE CDO, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

STANFIELD/RMP TRANSATLANTIC CDO, LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

STANWICH LOAN FUNDING LLC

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

STEIN ROE FLOATING RATE LTD. LIABILITY COMPANY

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SUMITOMO TRUST AND BANKING CO., LTD.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SUMMIT BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

TCW SELECT LOAN FUND, LIMITED

 

 

 

 

 

By

 

 

Title:

 

30

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THE BANK OF NEW YORK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

THE BANK OF TOKYO-MITSUBISHI, LTD.,

 

CHICAGO BRANCH

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

THE PROVIDENT BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

SUMITOMO MITSUI BANKING CORPORATION

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

THERMOPYLAE FUNDING CORP.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

TORONTO DOMINION BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

TORONTO DOMINION (NEW YORK), INC.

 

 

 

 

 

By

 

 

Title:

 

31

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THE TRAVELERS INSURANCE COMPANY

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

TYLER TRADING, INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

UNITED WORLD CHINESE COMMERCIAL BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

VAN KAMPEN CLO I, LIMITED

 

By:

Van Kampen Management Inc., as Collateral Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

VAN KAMPEN CLO II, LIMITED

 

By:

Van Kampen Management Inc., as Collateral Manager

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

VAN KAMPEN PRIME RATE INCOME TRUST

 

 

 

 

 

By

 

 

Title:

 

32

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

 

 

VAN KAMPEN SENIOR FLOATING RATE FUND

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

VAN KAMPEN SENIOR INCOME TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

WEBSTER BANK

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

WINGED FOOT FUNDING TRUST

 

 

 

 

 

By

 

 

Title:

 

 

 

33

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CONSENT

 

Each of the undersigned, as (i) Grantor under the Non-Shared Collateral Security
Agreement dated as of November 9, 1999 and amended by Letter Amendment and
Waiver No. 1 dated as of May 17, 2000 (as amended, the “Non-Shared Collateral
Security Agreement”) in favor of the Citicorp USA, Inc., as Administrative Agent
(the “Administrative Agent”), for its benefit and the benefit of the Lenders
parties to the Credit Agreement referred to in the foregoing Amendment No. 5,
and/or (ii) Grantor under the Shared Collateral Security Agreement and amended
by Letter Amendment and Waiver No. 1 dated as of May 17, 2000 (as amended, the
“Shared Collateral Security Agreement”, and together with the Non-Shared
Collateral Security Agreement, the “Security Agreements”) in favor of Wilmington
Trust Company and John M. Beeson, as Collateral Trustees, for their benefit and
the benefit of the Secured Holders referred to therein, and (iii) Guarantor
under the IXCS Subsidiary Guaranty dated as of November 9, 1999 (the “IXCS
Subsidiary Guaranty”), in favor of the Secured Parties referred to therein,
and/or (iv) Guarantor under the CBI Subsidiary Guaranty dated as of November 9,
1999 (the “CBI Subsidiary Guaranty”, and together with the IXCS Subsidiary
Guaranty, the “Guarantees”) in favor of the Secured Parties referred to therein,
hereby consents to the foregoing Amendment No. 5 and hereby confirms and agrees
that (a) notwithstanding the effectiveness of the foregoing Amendment No. 5,
each Security Agreement and Guarantee to which it is a party is, and shall
continue to be, in full force and effect and is hereby ratified and confirmed in
all respects, and (b) the Security Agreements to which such Grantor is a party
and all of the Collateral described therein do, and shall continue to, secure
the payment of all of the Secured Obligations (in each case, as defined
therein.)

 

 

BROADWING INC.

 

(f/k/a CINCINNATI BELL INC.)

 

 

 

 

 

By

 

 

Title:

 

 

 

BROADWING COMMUNICATIONS SERVICES INC. (f/k/a IXC COMMUNICATIONS SERVICES, INC.)

 

 

 

 

 

By

 

 

Title:

 

34

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BROADWING COMMUNICATIONS INC. (f/k/a IXC COMMUNICATIONS, INC.)

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CINCINNATI BELL DIRECTORY INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BROADWING IT CONSULTING INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

ZOOMTOWN.COM INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CINCINNATI BELL WIRELESS COMPANY

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

BROADWING HOLDINGS INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

 

 

CINCINNATI BELL ANY DISTANCE INC.

 

 

 

 

 

By

 

 

Title:

 

35

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CINCINNATI BELL PUBLIC COMMUNICATIONS INC.

 

 

 

 

 

By

 

 

Title:

 

 

 

ATLANTIC STATES MICROWAVE TRANSMISSION COMPANY

 

CENTRAL STATES MICROWAVE TRANSMISSION COMPANY

 

BROADWING TELECOMMUNICATIONS INC.
(f/k/a ECLIPSE TELECOMMUNICATIONS, INC.)

 

IXC BUSINESS SERVICES, LLC

 

BROADWING COMMUNICATIONS SERVICES OF VIRGINIA, INC.

 

IXC INTERNATIONAL, INC.

 

IXC INTERNET SERVICES, INC.

 

RIO GRANDE TRANSMISSION, INC.

 

TELCOM ENGINEERING, INC.

 

THE DATA PLACE, INC.

 

TOWER COMMUNICATION SYSTEMS CORP.

 

WEST TEXAS MICROWAVE COMPANY

 

WESTERN STATES MICROWAVE TRANSMISSION COMPANY

 

BROADWING LOCAL SERVICES INC.

 

 

 

 

 

By

 

 

Title:

 

36

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