Document:

EXHIBIT 10.40
                           REPLACEMENT SWINGLINE NOTE

$5,000,000.00                                                     June 27, 2000

         FOR VALUE RECEIVED, the undersigned, STERILE RECOVERIES, INC., a
Florida corporation (the "Borrower"), hereby promises to pay to the order of
FIRST UNION NATIONAL BANK (the "Lender"), at the times, at the place and in the
manner provided in the Credit Agreement hereinafter referred to, the principal
sum of up to Five Million and 00/100 Dollars ($5,000,000.00), or, if less, the
aggregate unpaid principal amount of all Swingline Loans disbursed by the Lender
under the Credit Agreement referred to below, together with interest at the
rates as in effect from time to time with respect to each portion of the
principal amount hereof, determined and payable as provided in the Credit
Agreement.

         This Swingline Note is the Swingline Note referred to in, and is
entitled to the benefits of, the Credit Agreement of dated as of February 24,
1999 (as amended, modified or otherwise supplemented from time to time, and
including by reference therein the Sweep Plus Arrangement or comparable
agreement in effect from time to time, the "Credit Agreement"), by and between
the Borrower, the Guarantors party thereto, the Lender and the other financial
institutions party thereto and First Union National Bank as Agent and the other
Credit Documents referenced therein. This Swingline Note is given in amendment
to, restatement of and substitution for the Swingline Note dated February 24,
1999 in favor of the Lender under the Credit Agreement (the "REPLACED NOTE") and
evidences the same indebtedness as the Replaced Note. The Credit Agreement
contains, among other things, provisions for the time, place and manner of
payment of this Swingline Note, the determination of the interest rate borne by
and fees payable in respect of this Swingline Note, acceleration of the payment
of this Swingline Note upon the happening of certain stated events and the
mandatory repayment of this Swingline Note under certain circumstances.

         The Borrower agrees to pay on demand all costs of collection, including
reasonable attorneys, fees, if any part of this Swingline Note, principal or
interest, is collected after maturity with the aid of an attorney.

         Presentment for payment, notice of dishonor, protest and notice of
protest are hereby waived.

         THIS SWINGLINE NOTE IS MADE AND DELIVERED IN THE STATE OF NORTH
CAROLINA AND SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF
THE STATE OF FLORIDA.

<PAGE>

         IN WITNESS WHEREOF, the Borrower has caused this Swingline Note to be
executed under seal by its duly authorized officers as of the day and year first
above written.

                                            STERILE RECOVERIES, INC.

                                            By: /s/ D. JON MCGUIRE
                                                ----------------------------
                                            Name: D. Jon McGuire
                                                  --------------------------
                                            Title: Vice President
                                                   -------------------------EXHIBIT 10.1

                       THIRD AMENDMENT TO CREDIT AGREEMENT

        This THIRD AMENDMENT TO CREDIT AGREEMENT (this "AMENDMENT") is entered
into as of June 22, 2000 among DAVEL FINANCING COMPANY, L.L.C., a Delaware
limited liability company (the "Borrower"); DAVEL COMMUNICATIONS, INC., a
Delaware corporation (the "Parent"); the Parent and the Domestic Subsidiaries of
the Borrower, as Guarantors; the Lenders party to the "Credit Agreement"
(referred to and defined below); and BANK OF AMERICA, N.A. (formerly known as
NationsBank, N.A.), as Administrative Agent for the Lenders (the "Administrative
Agent"). Capitalized terms used herein and not otherwise defined shall have the
meanings set forth in the Credit Agreement.

                                    RECITALS

        WHEREAS, the Borrower, the Guarantors, the Lenders, the Administrative
Agent, BancBoston Robertson Stephens, Inc., as Syndication Agent and The Chase
Manhattan Bank, as Documentation Agent, entered into that certain Credit
Agreement, dated as of December 23, 1998 (as amended and modified by that
certain First Amendment to Credit Agreement and Consent and Waiver dated as of
April 8, 1999 among the Borrower, the Parent, the Domestic Subsidiaries of the
Borrower, the Lenders and the Administrative Agent, that certain Second
Amendment to Credit Agreement dated as of March 9, 2000 among such parties, and
as may be further amended or modified from time to time, the "Credit
Agreement");

        WHEREAS, the Borrower has informed the Lenders that it anticipates being
unable to make certain principal and interest payments due under the Credit
Agreement on and after June 30, 2000, and possibly unable to comply with certain
of the financial covenants set forth in the Credit Agreement with respect to the
period ending as of June 30, 2000;

        WHEREAS, the Borrower has requested that the Lenders amend certain terms
and provisions of the Credit Agreement to effect a deferral of such principal
and certain of such interest payments to September 30, 2000 and to eliminate
each of the financial covenants to the extent (and only to the extent) tested as
of, or with respect to the period ending, June 30, 2000;

        WHEREAS, the Lenders have agreed to such requests, subject to the terms
and conditions set forth below.

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

                                    AGREEMENT

1.       AMENDMENTS. Effective as of the date hereof, upon satisfaction of each
of the conditions set forth in PARAGRAPH 2 hereof, the Credit Agreement is
hereby amended as follows (section references used below refer to sections of
the Credit Agreement):

<PAGE>

               (a) TERM LOAN A AMORTIZATION. The schedule of dates and amounts
        set forth in SECTION 2.3(C) is amended to delete the references therein
        to June 30, 2000 and September 30, 2000 and the amounts set forth
        opposite such dates, and to replace such dates and amounts with the
        following:

                      June 30, 2000                       $0
                      September 30, 2000                  $10,000,000

               (b) TERM LOAN B AMORTIZATION. The schedule of dates and amounts
        set forth in SECTION 2.4(C) is amended to delete the references therein
        to June 30, 2000 and September 30, 2000 and the amounts set forth
        opposite such dates, and to replace such dates and amounts with the
        following:

                      June 30, 2000                       $0
                      September 30, 2000                  $475,000

              (c) INTEREST PAYMENTS. The first sentence of SECTION 3.1(C) is
         deleted in its entirety and replaced with the following sentence:

               Interest on Loans shall be due and payable in arrears on each
               Interest Payment Date; PROVIDED, HOWEVER, THAT (i) all interest
               which would otherwise be due and payable on the Interest Payment
               Date occurring on June 30, 2000 shall continue to accrue on the
               applicable Loans from and after such date and shall become due
               and payable in arrears on July 10, 2000, (ii) all interest
               otherwise due and payable on each Interest Payment Date occurring
               after June 30, 2000 and before September 30, 2000 shall continue
               to accrue on the applicable Loans from and after such Interest
               Payment Date and shall become due and payable in arrears on
               September 30, 2000 subject to the other provisions of this
               Agreement regarding payments stated as to be made on days which
               are not Business Days, and (iii) notwithstanding the provisions
               of the immediately foregoing CLAUSES (I) and (II) of this
               subsection, in no event is any interest being forgiven with
               respect to any period of accrual hereunder.

               (d) FINANCIAL COVENANTS. SECTION 7.2 is amended to delete, from
        each of the schedules of dates (or periods) and ratios set forth in
        SUBSECTIONS (A), (B) and (C) of such section, each reference therein to
        June 30, 2000 and each corresponding ratio set forth opposite such date.

2.       CONDITIONS PRECEDENT. The effectiveness of this Amendment is subject to
receipt by the Administrative Agent of each of the following:

              (a) counterparts to this Amendment duly executed by each of the
         Credit Parties and each of the Lenders;

              (b) certified copies of resolutions or similar authorizations of
         each Credit Party approving and adopting this Amendment, the
         transactions contemplated herein and authorizing such Credit Party's
         execution and delivery hereof; and

                                       2
<PAGE>

              (c) an opinion or opinions from counsel to the Credit Parties with
         respect to this Amendment, in form and substance satisfactory to the
         Administrative Agent, addressed to the Administrative Agent on behalf
         of the Lenders and dated as of the date hereof.

3.       COMPLIANCE CERTIFICATE. Notwithstanding the amendment to SECTION 7.2 of
the Credit Agreement set forth above in PARAGRAPH 1(D) of this Amendment, the
Borrower agrees to prepare and deliver its compliance certificate pursuant to
SECTION 7.1(C) of the Credit Agreement with respect to its financial performance
for the fiscal quarter ending June 30, 2000 as if such amendment to SECTION 7.2
had not occurred, including, without limitation, providing its calculation of
each of the financial covenants which otherwise would be applicable for such
period ended, it being understood and agreed, however, that the Borrower's
failure to comply with such hypothetical financial covenants shall not
constitute a violation of the Credit Agreement or otherwise constitute an Event
of Default or Default.

4.       GOOD STANDING CERTIFICATES. Within 30 days after the date hereof, the
Borrower shall deliver to the Administrative Agent copies of certificates of
good standing, existence or their equivalent with respect to each Credit Party,
certified as of a recent date by the appropriate Governmental Authorities of the
state or other jurisdiction of such Credit Party's formation.

5.       RATIFICATION OF CREDIT AGREEMENT. The term "Credit Agreement" as used
in each of the Credit Documents shall hereafter mean the Credit Agreement as
amended and modified by this Amendment. Except as herein specifically agreed,
the Credit Agreement, as amended by this Amendment, is hereby ratified and
confirmed and shall remain in full force and effect according to its terms,
including, without limitation, the liens granted pursuant to the Collateral
Documents.

6.       AUTHORITY/ENFORCEABILITY. Each of the Credit Parties, the
Administrative Agent and the Lenders represents and warrants as follows:

               (a) It has taken all necessary action to authorize the execution,
        delivery and performance of this Amendment.

               (b) This Amendment has been duly executed and delivered by such
        Person and constitutes such Person's legal, valid and binding
        obligations, enforceable in accordance with its terms, except as such
        enforceability may be subject to (i) bankruptcy, insolvency,
        reorganization, fraudulent conveyance or transfer, moratorium or similar
        laws affecting creditors' rights generally and (ii) general principles
        of equity (regardless of whether such enforceability is considered in a
        proceeding at law or in equity).

               (c) No consent, approval, authorization or order of, or filing,
        registration or qualification with, any court or governmental authority
        or third party is required in connection with the execution, delivery or
        performance by such Person of this Amendment (other than that which may
        have been previously obtained).

7.       NO DEFAULT. The Credit Parties represent and warrant to the Lenders
that (a) the representations and warranties of the Credit Parties set forth in
SECTION 6 of the Credit Agreement (as amended by this Amendment) are true and
correct in all material respects as of the date hereof, (b) no event has
occurred and is continuing which constitutes a Default or an

                                       3
<PAGE>

Event of Default and (c) they have no claims, counterclaims, offsets, credits
(other than any credit for overpayment of interest or fees under the Credit
Documents of which the Credit Parties have no knowledge as of the date hereof
(each an "Overpayment Credit")) or defenses to their obligations under the
Credit Documents or to the extent they have any (other than any Overpayment
Credit) they are hereby released in consideration of the Lenders entering into
this Amendment.

8.       COUNTERPARTS/TELECOPY. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. Delivery of
executed counterparts of this Amendment by telecopy shall be effective as an
original and shall constitute a representation that an original shall be
delivered.

9.       GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                                    * * * *

                                       4
<PAGE>

        IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart
of this Amendment to be duly executed and delivered and this Amendment shall be
effective as of the date first above written.

BORROWER:                           DAVEL FINANCING COMPANY, L.L.C.,
                                    a Delaware limited liability company

                                    By:    DAVEL COMMUNICATIONS, INC.,
                                           its sole managing member

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

PARENT GUARANTOR:                   DAVEL COMMUNICATIONS, INC.,
                                    a Delaware corporation

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

SUBSIDIARY GUARANTORS:              DAVEL COMMUNICATIONS GROUP, INC.,
                                    an Illinois corporation

                                    PEOPLES TELEPHONE COMPANY, INC.,
                                    a New York corporation

                                    PEOPLES TELEPHONE COMPANY, INC.,
                                    a New Hampshire corporation

                                    PEOPLES COLLECTORS, INC.,
                                    a Delaware corporation

                                    PTC CELLULAR, INC.,
                                    a Delaware corporation

                                    PTC SECURITY SYSTEMS, INC.,
                                    a Florida corporation

                                    TELELINK TELEPHONE SYSTEMS, INC.,
                                    a Georgia corporation

                                    SILVERADO COMMUNICATIONS CORP.,
                                    a Colorado corporation

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    PEOPLES ACQUISITION CORP.,
                                    a Pennsylvania corporation

                                    TELALEASING ENTERPRISES, INC.,
                                    an Illinois corporation

                                    ADTEC COMMUNICATIONS, INC.,
                                    a Florida corporation

                                    INTERSTATE COMMUNICATIONS, INC.,
                                    a Georgia corporation

                                    T.R.C.A., INC.,
                                    an Illinois corporation

                                    DAVELTEL, INC.,
                                    an Illinois corporation

                                    DAVEL MEXICO, LTD.,
                                    an Illinois corporation

                                    COMMUNICATIONS CENTRAL INC.,
                                    a Georgia corporation

                                    CENTRAL PAYPHONE SERVICES, INC.,
                                    a Georgia corporation

                                    COMMUNICATIONS CENTRAL
                                    OF GEORGIA, INC.,
                                    a Georgia corporation

                                    INVISION TELECOM, INC.,
                                    a Georgia corporation

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

AGENT:                              BANK OF AMERICA, N.A. (FORMERLY,
                                    NATIONSBANK, N.A.),
                                    in its capacities as the Administrative
                                    Agent and Collateral Agent

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

LENDERS:                            BANK OF AMERICA, N.A. (FORMERLY,
                                    NATIONSBANK, N.A.),
                                    individually  in its capacity as a Lender,
                                    and in its capacity as the Issuing Lender

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                   THE CHASE MANHATTAN BANK

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                   THE BANK OF NEW YORK

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                   FLEET BANK, N.A.

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                   LASALLE BANK NATIONAL ASSOCIATION
                                   (AS SUCCESSOR TO LASALLE NATIONAL BANK)

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

<PAGE>

                                   U.S. BANK NATIONAL ASSOCIATION

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                   CREDIT AGRICOLE INDOSUEZ

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                   By:  _________________________________
                                        Name: ___________________________
                                        Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    BANK ONE N.A. (AS SUCCESSOR TO THE FIRST
                                    NATIONAL BANK OF CHICAGO)

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    PNC BANK, NATIONAL ASSOCIATION

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    ALLSTATE LIFE INSURANCE COMPANY

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    HELLER FINANCIAL, INC.

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    BNP PARIBAS

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    EATON VANCE SENIOR INCOME TRUST

                                    By:    EATON VANCE MANAGEMENT,
                                           as Investment Advisor

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: ____________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    SENIOR DEBT PORTFOLIO

                                    By:    BOSTON MANAGEMENT AND
                                           RESEARCH, as Investment Advisor

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: ____________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    OXFORD STRATEGIC INCOME FUND

                                    By:    EATON VANCE MANAGEMENT,
                                           as Investment Advisor

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    VAN KAMPEN SENIOR FLOATING
                                    RATE FUND

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    KZH CYPRESSTREE-1 LLC

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    CYPRESSTREE INVESTMENT FUND, LLC

                                    By:    CYPRESSTREE INVESTMENT
                                           MANAGEMENT COMPANY, INC.,
                                           its Managing Member

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                    CYPRESSTREE INSTITUTIONAL
                                    FUND, LLC

                                    By:    CYPRESSTREE INVESTMENT
                                           MANAGEMENT COMPANY, INC.,
                                           its Managing Member

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                    NORTH AMERICAN SENIOR FLOATING
                                    RATE FUND

                                    By:    CYPRESSTREE INVESTMENT
                                           MANAGEMENT COMPANY, INC.,
                                           as Portfolio Manager

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    MORGAN STANLEY DEAN WITTER
                                    PRIME INCOME TRUST

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                Signature Page to
                       Third Amendment to Credit Agreement

<PAGE>

                                    DRESDNER BANK AG, NEW YORK AND
                                    GRAND CAYMAN BRANCHES

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

                                    By:  _________________________________
                                         Name: ___________________________
                                         Title: __________________________

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