Document:

<PAGE>

                                                                 EXHIBIT 10.23

                           FIRST AMENDMENT AND CONSENT

       FIRST AMENDMENT AND CONSENT (this "AMENDMENT"), dated as of August 26,
1999, among PACKAGING CORPORATION OF AMERICA, a Delaware corporation ("PCA"),
the Lenders from time to time party to the Credit Agreement referred to below,
J.P. MORGAN SECURITIES INC. and DEUTSCHE BANK SECURITIES INC. (as successor to
BT Alex. Brown Incorporated), as Co-Lead Arrangers (in such capacity, each a
"CO-LEAD ARRANGER" and, collectively, the "CO-LEAD ARRANGERS"), BANKERS TRUST
COMPANY, as Syndication Agent (in such capacity, the "SYNDICATION AGENT"), and
MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent (in such
capacity, the "ADMINISTRATIVE AGENT"). All capitalized terms used herein and not
otherwise defined shall have the respective meanings provided such terms in the
Credit Agreement.

                              W I T N E S S E T H :
                              - - - - - - - - - - -

       WHEREAS, PCA, the Lenders, the Co-Lead Arrangers, the Syndication Agent
and the Administrative Agent are parties to a Credit Agreement, dated as of
April 12, 1999 (as in effect on the date hereof, the "CREDIT AGREEMENT");

       WHEREAS, subject to the terms and conditions of this Amendment, parties
hereto wish to amend the Credit Agreement as herein provided;

       NOW, THEREFORE, it is agreed:

       I.     AMENDMENTS TO CREDIT AGREEMENT.

       1.     Section 4.02(e) of the Credit Agreement is hereby amended by
inserting the following new clause (u) immediately after the text "(other than"
appearing in said Section:

       "(u)   so long as no Default or Event of Default is in existence on the
date of receipt thereof, the proceeds received by the Borrower from the
Permitted Primary Offering to the extent (and only to the extent) same are
applied within 60 days of the date of receipt thereof to the redemption of then
outstanding Borrower PIK Preferred Stock (and the payment of accrued and unpaid
dividends thereon and all related redemption premiums) in accordance with the
relevant provisions of the Borrower Preferred Stock Documents and this Agreement
and the payment of the reasonable fees and expenses incurred in connection with
the Permitted Primary Offering,".

       2.     Section 9.03 of the Credit Agreement is hereby amended by (i)
deleting the word "and" appearing at the end of clause (ix) of said Section,
(ii) deleting the period at the end of clause (x) of said Section and inserting
the text "; and" in lieu thereof and (ii) inserting the following new clause
(xi) at the end of said Section:

       "(xi)  so long as no Default or Event of Default is then in existence
or would exist after giving effect thereto, the Borrower may utilize the
proceeds of the Permitted Primary

<PAGE>

Offering to redeem Borrower PIK Preferred Stock and pay all accrued and
unpaid dividends thereon and all redemption premiums in respect thereof."

       3.     Section 11.01 of the Credit Agreement is hereby amended by
inserting the following definition in said Section in appropriate alphabetical
order:

       "PERMITTED PRIMARY OFFERING" shall mean the issuance by PCA on or prior
to December 31, 1999 of shares of Borrower Common Stock pursuant to a fully
underwritten public offering.

       II.    MISCELLANEOUS PROVISIONS.

       1.     In order to induce the Lenders to enter into this Amendment, the
Borrower represents and warrants that:

       (a)    no Default or Event of Default exists as of the First Amendment
    Effective Date (as defined below), both immediately before and immediately
    after giving effect to this Amendment; and

       (b)    all of the representations and warranties contained in the Credit
    Agreement or the other Credit Documents are true and correct in all material
    respects on the First Amendment Effective Date both immediately before and
    immediately after giving effect to this Amendment, with the same effect as
    though such representations and warranties had been made on and as of the
    First Amendment Effective Date (it being understood that any representation
    or warranty made as of a specific date shall be true and correct in all
    material respects as of such specific date).

       2.     This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any other provision of the Credit
Agreement or any other Credit Document.

       3.     This Amendment may be executed in any number of counterparts and
by the different parties hereto on separate counterparts, each of which
counterparts when executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A complete set of
counterparts shall be lodged with PCA and the Administrative Agent.

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

       5.     This Amendment shall become effective on the date (the "FIRST
AMENDMENT EFFECTIVE DATE") when each of the Borrower, the Administrative Agent
and the Required Lenders shall have signed a counterpart hereof (whether the
same or different

                                      2

<PAGE>

counterparts) and shall have delivered (including by way of facsimile
transmission) the same to the Administrative Agent at its Notice Office.

       6.     From and after the First Amendment Effective Date, all references
in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified
hereby.

                                    * * *

                                      3

<PAGE>

       IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first above
written.

                                         PACKAGING CORPORATION OF AMERICA

                                         By: /s/ Richard B. West
                                            ---------------------------------
                                            Title: Chief Financial Officer

<PAGE>

                                         MORGAN GUARANTY TRUST COMPANY OF
                                         NEW YORK, INDIVIDUALLY AND AS
                                         ADMINISTRATIVE AGENT

                                         By:  /s/ Colleen Galle
                                            ---------------------------------
                                            Title:  Vice President

<PAGE>

                                         J.P. MORGAN SECURITIES, INC.,
                                         AS CO-LEAD ARRANGER

                                         By:  /s/ Douglas A. Cruikshank
                                            ---------------------------------
                                            Title:  Vice President

<PAGE>

                                         DEUTSCHE BANC ALEX BROWN INCORPORATED,
                                          AS A CO-LEAD ARRANGER

                                         By:  /s/ Loretta C. Summers
                                            ----------------------------------
                                            Title:   MD

<PAGE>

                                         BANKERS TRUST COMPANY,
                                          INDIVIDUALLY AND AS SYNDICATION
                                          AGENT

                                         By:  /s/ Robert R. Telesca
                                            ----------------------------------
                                            Title:    Assistant Vice President

<PAGE>

                                         GOLDMAN SACHS CREDIT PARTNERS L.P.,
                                         INDIVIDUALLY AND AS DOCUMENTATION AGENT

                                         By:
                                            ----------------------------------
                                            Name:
                                            Title:

<PAGE>

                                         ABN AMRO BANK N.V.

                                         By:    /s/ Christian H. Sievers
                                            ----------------------------------
                                            Title:  Senior Vice President

                                         By:    /s/ Wayne Rancourt
                                            ----------------------------------
                                            Title:  Vice President

<PAGE>

                                         AERIES FINANCE LTD.

                                         By:
                                            ----------------------------------
                                            Name:
                                            Title:

<PAGE>

                                         AIM STRATEGIC INCOME FUND

                                         By: INVESCO (NY) INC.,
                                             AS INVESTMENT ADVISOR

                                             By:
                                                Name:
                                                Title:

<PAGE>

                ALLIANCE INVESTMENT OPPORTUNITIES FUND, L.L.C.

                By:      ALLIANCE INVESTMENT OPPORTUNITIES MANAGEMENT,
                         L.L.C.,
                         AS MANAGING MEMBER

                By:      ALLIANCE CAPITAL MANAGEMENT, L.P.,
                         AS MANAGING MEMBER

                By:      ALLIANCE CAPITAL MANAGEMENT CORPORATION,
                         AS GENERAL PARTNER

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                ALLSTATE INSURANCE COMPANY

                By:    /s/ Jerry D. Zinkula
                     --------------------------------------------
                     Title:  Authorized Signatory

                By:    /s/ Patricia W. Wilson
                     --------------------------------------------
                     Title:  Authorized Signatory

<PAGE>

                ALLSTATE LIFE INSURANCE COMPANY

                By:    /s/ Jerry D. Zinkula
                     --------------------------------------------
                     Title:  Authorized Signatory

                By:   /s/ Patricia W. Wilson
                     --------------------------------------------
                     Title:  Authorized Signatory

<PAGE>

                AMARA-1 FINANCE LTD.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                AMARA-2 FINANCE LTD.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                ARCHIMEDES FUNDING II, LTD.

                By:      ING CAPITAL ADVISORS LLC,
                         AS COLLATERAL MANAGER

                         By:  /s/ Michael J. Campbell
                             --------------------------------------------
                             Title:   Senior Vice President &
                                      Portfolio Manager

<PAGE>

                ARCHIMEDES FUNDING, L.L.C.

                By:      ING CAPITAL ADVISORS LLC,
                         AS COLLATERAL MANAGER

                         By:   /s/ Michael J. Campbell
                             --------------------------------------------
                             Title:   Senior Vice President &
                                      Portfolio Manager

<PAGE>

                ARES LEVERAGED INVESTMENT FUND, L.P.

                By:      ARES MANAGEMENT, L.P.,
                         ITS GENERAL PARTNER

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                ARES LEVERAGED INVESTMENT FUND II, L.P.

                By:      ARES MANAGEMENT II, L.P.,
                         ITS GENERAL PARTNER

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                ATHENA CDO, LIMITED

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY,
                         AS ITS INVESTMENT ADVISOR

                By:    /s/ Mohan V. Phansalker
                     --------------------------------------------
                     Title:  Senior Vice President

<PAGE>

                BANK OF MONTREAL

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                THE BANK OF NOVA SCOTIA

                By:    /s/ F. C. H. Ashby
                     --------------------------------------------
                     Title:  Senior Manager Loan Operations

<PAGE>

                BANK POLSKA KASA OPIEKI, S.A.-PEKAO S.A. GROUP

                By:    /s/ Barry W. Henry
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                BANK UNITED

                By:    /s/ Phil Green
                     --------------------------------------------
                     Title:  Director Commercial Syndications

<PAGE>

                BANKBOSTON, N.A. AS TRUST
                     ADMINISTRATOR FOR LONGLANE
                     MASTE TRUST IV

                By:    /s/ Liam G. Stokes
                     --------------------------------------------
                     Title:  Director

<PAGE>

                BANQUE WORMS CAPITAL CORPORATION

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                BAYERISCHE HYPO-UND VEREINSBANK AG, NEW YORK BRANCH

                By:    /s/ Sylvia K. Cheng
                     --------------------------------------------
                     Title:  Director

                By:    /s/ Carlo Lamberti
                     --------------------------------------------
                     Title:  Associate Director

<PAGE>

                BEAR STEARNS INVESTMENT PRODUCTS INC.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                BEDFORD CDO, LIMITED

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY,
                         AS ITS INVESTMENT ADVISOR

                By:      PIMCO Management Inc., a general partner

                By:    /s/ Mohan V. Phansalker
                     --------------------------------------------
                     Title:  Senior Vice President

<PAGE>

                BRANT POINT CBO 1999-1, LTD.

                By:
                     --------------------------------------------
                     Name:
                     Title:
<PAGE>

                CANADIAN IMPERIAL BANK OF COMMERCE

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                CAPTIVA FINANCE LTD.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                CAPTIVA II FINANCE LTD.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                CAPTIVA III FINANCE LTD.,

                By:      AS ADVISED BY PACIFIC INVESTMENT MANAGEMENT COMPANY

                By:    /s/ David Dyer
                     --------------------------------------------
                     Title:  Director

<PAGE>

                CAPTIVA IV FINANCE LTD.,

                By:      AS ADVISED BY PACIFIC INVESTMENT MANAGEMENT COMPANY

                By:    /s/ David Dyer
                     --------------------------------------------
                     Title:  Director

<PAGE>

                CARAVELLE INVESTMENT FUND, L.L.C.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                CHASE MANHATTAN BANK

                By:  /s/ Jonathan Twichell
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                CHRISTIANA BANK OG KREDITKASSE ASA

                By:    /s/ Carl Petter Svendsen
                     --------------------------------------------
                     Title:  Senior Vice President

                By:    /s/ Peter M. Dodge
                     --------------------------------------------
                     Title:  Senior Vice President

<PAGE>

                CIBC INC.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE

                By:    /s/ Sean Mounier
                     --------------------------------------------
                     Title:  First Vice President

                By:    /s/ Marcus Edward
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                THE CIT GROUP/EQUIPMENT FINANCING, INC.

                By:    /s/ Eric M. Moore
                     --------------------------------------------
                     Title:  Assistant Vice President

<PAGE>

                CO BANK, ACB

                By:    /s/ Brian J. Klatt
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                CREDIT LYONNAIS NEW YORK BRANCH

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                CRESCENT/MACH I PARTNERS, L.P.

                By:      TCW ASSET MANAGEMENT COMPANY,
                         ITS INVESTMENT MANAGER

                         By:
                             --------------------------------------------
                             Name:
                             Title:

<PAGE>

                CYPRESSTREE INSTITUTIONAL FUND, LLC

                By:      CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC. ITS
                         MANAGING MEMBER

                By:    /s/ Timothy M. Barns
                     --------------------------------------------
                     Title:  Managing Director

<PAGE>

                CYPRESSTREE INVESTMENT FUND, LLC

                By:      CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC.,
                         ITS MANAGING MEMBER

                By:    /s/ Timothy M. Barns
                     --------------------------------------------
                     Title:   Managing Director

<PAGE>

                CYPRESSTREE SENIOR FLOATING RATE FUND

                By:      CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC., AS
                         PORTFOLIO MANAGER

                By:    /s/ Timothy M. Barns
                     --------------------------------------------
                     Title:  Managing Director

<PAGE>

                DEBT STRATEGIES FUND III, INC.

                By:    /s/ Andrew C. Liggio
                     --------------------------------------------
                     Title:   Authorized Signatory

<PAGE>

                DELANO COMPANY

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY, AS ITS
                         INVESTMENT ADVISOR

                By:    /s/ Mohan V. Phansalker
                     --------------------------------------------
                     Title:  Senior Vice President

<PAGE>

                DLJ CAPITAL FUNDING INC.

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES

                By:    /s/ Christopher E. Sarisky
                     ----------------------------------
                     Title:  Assistant Vice President

                By:    /s/ John R. Morrison
                     ----------------------------------
                     Title:  Vice President

<PAGE>

                EA CAYMAN UNIT TRUST-EA/MACKAY
                  HIGH YIELD CAYMAN UNIT TRUST

                By:      MACKAY-SHIELDS FINANCIAL
                         CORPORATION ITS INVESTMENT
                         ADVISOR

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                EATON VANCE SENIOR INCOME TRUST

                By:      EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

                By:    /s/ Scott H. Page
                     ----------------------------------
                     Title:  Vice President

<PAGE>

                ELC (CAYMAN) LTD. CDO SERIES 1999-1

                By:    /s/ Thomas M. Finke
                     ----------------------------------
                     Title:  Managing Director

<PAGE>

                ERSTE BANK DER OESTERREICHISCHEN
                  SPARKASSEN AG

                By:    /s/ Anca Trifan
                     ----------------------------------
                     Title:  Vice President

                By:    /s/ John S. Runnion
                     ----------------------------------
                     Title:  First Vice President

<PAGE>

                FEDERAL STREET PARTNERS

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                FIRST DOMINION FUNDING I

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                FIRST DOMINION FUNDING II

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                THE FIRST NATIONAL BANK OF CHICAGO

                By:    /s/ Philip Yarrow
                     ----------------------------------
                     Title:  Director

<PAGE>

                FIRST UNION NATIONAL BANK

                By:  ../s/ Andrew Payne
                     ----------------------------------
                     Title:  Vice President

<PAGE>

                FIRSTRUST BANK

                By:    /s/ E. A. D'Ancona
                     ----------------------------------
                     Title:  Executive Vice President

<PAGE>

                FLEET NATIONAL BANK

                By:    /s/ Michael J. Sullivan
                     ----------------------------------
                     Title:    Vice President

<PAGE>

                FLOATING RATE PORTFOLIO

                By:      INVESCO SENIOR SECURED MANAGEMENT, INC., AS
                         ATTORNEY IN FACT

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                FRANKLIN FLOATING RATE TRUST

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                FREMONT INVESTMENT & LOAN

                By:    /s/ Marie Chachere
                     ----------------------------------
                     Title:  Vice President

<PAGE>

                THE FUJI BANK, LIMITED

                By:    /s/ Peter L. Chinnici
                     ----------------------------------
                     Title:  Senior Vice President &
                             Group Head

<PAGE>

                GALAXY CLO 1999-1, LTD.

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                GENERAL ELECTRIC CAPITAL CORPORATION

                By:    /s/ William E. Magee
                     ----------------------------------
                     Title:  Duly Authorized Signature

<PAGE>

                GREAT POINT CLO 1999-1 LTD.

                By:
                     ----------------------------------
                     Name:
                     Title:

<PAGE>

                HELLER FINANCIAL, INC.

                By:    /s/ Sheila C. Weimer
                     ----------------------------------
                     Title:  Vice President

<PAGE>

                     HIGHLAND LEGACY LIMITED

                      BY: HIGHLAND CAPITAL MANAGEMENT, L.P.
                             AS COLLATERAL MANAGER

                     By:   /s/ Todd Travers
                         Title:  Senior Portfolio Manager

<PAGE>

                THE INDUSTRIAL BANK OF JAPAN, LIMITED

                By:  /s/ Walter R. Wolff
                   ------------------------------
                   Title:  Joint General Manager

<PAGE>

                IMPERIAL BANK, A CALIFORNIA BANKING
                   CORPORATION

                By:    /s/ Ray Vadalma
                   ------------------------------
                     Title:  Senior Managing Director

<PAGE>

                INDOSEUZ CAPITAL FUNDING IIA, LIMITED

                By:      INDOSUEZ CAPITAL AS PORTFOLIO ADVISOR

                By:    /s/ Melissa Marano
                   ------------------------------
                     Title:  Vice President

<PAGE>

                INDOSUEZ CAPITAL FUNDING IV, L.P.

                By:      INDOSUEZ CAPITAL AS PORTFOLIO ADVISOR

                By:    /s/ Melissa Marano
                   ------------------------------
                     Title:  Vice President

<PAGE>

                THE ING CAPITAL SENIOR SECURED HIGH INCOME FUND, L.P.

                By:      ING CAPITAL ADVISORS LLC,
                         AS INVESTMENT ADVISOR

                By:    /s/ Michael J. Campbell
                   ------------------------------
                     Title:  Senior Vice President &
                             Portfolio Manager

<PAGE>

                J.H. WHITNEY MARKET VALUE FUND, L.P.

                By:
                   ------------------------------
                     Name:
                     Title:

<PAGE>

                JACKSON NATIONAL LIFE INSURANCE COMPANY

                By:      PPM AMERICA, INC., AS ATTORNEY IN FACT, ON
                         BEHALF OF JACKSON NATIONAL LIFE INSURANCE
                         COMPANY

                By:    /s/ Michael DiRe
                   ------------------------------
                     Title:  Senior Managing Director

<PAGE>

                KEMPER FLOATING RATE FUND

                By:  /s/ Mark E. Wittnebel
                   ------------------------------
                     Title:    S.V.P.

<PAGE>

                KZH APPALOOSA LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH CNC LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH CRESCENT-2 LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH CYPRESSTREE-1 LLC

                By:    /s/ Virginia Conway
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH HIGHLAND-2 LLC

                By:        /s/ Peter Chin
                   ------------------------------
                         Title:   Authorized Agent

<PAGE>

                KZH ING-1 LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH ING-3 LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH IV LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH PONDVIEW LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH SHOSHONE LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH STERLING LLC

                By:    /s/ Peter Chin
                   ------------------------------
                     Title:  Authorized Agent

<PAGE>

                KZH SOLEIL-2 LLC

                By:    /s/ Peter Chin
                     -------------------------------------------------------
                     Title:  Authorized Agent

<PAGE>

                LEHMAN COMMERCIAL PAPER

                By:
                     -------------------------------------------------------
                         Name:
                         Title:

<PAGE>

                LLOYDS TSB BANK PLC

                By:  /s/ Ian Dimmock
                     -------------------------------------------------------
                   Title:   Vice President

<PAGE>

                THE 1199 HEALTH CARE EMPLOYEES PENSION FUND

                By:      MACKAY-SHIELDS FINANCIAL CORPORATION ITS INVESTMENT
                         ADVISOR

                By:
                     -------------------------------------------------------
                         Name:
                         Title:

<PAGE>

                MAGNETITE ASSET INVESTORS LLC

                By:
                     -------------------------------------------------------
                     Name:
                     Title:

<PAGE>

                MEDICAL LIABILITY MUTUAL
                     INSURANCE COMPANY

                By:
                     ------------------------------------------------------
                     Name:
                     Title:

<PAGE>

                MERRILL LYNCH PRIME RATE PORTFOLIO

                By:      MERRILL LYNCH ASSET MANAGEMENT, L.P.,
                         AS INVESTMENT ADVISOR

                By:    /s/ Andrew C. Liggio
                     -------------------------------------------------------
                     Title:   Authorized Signatory

<PAGE>

                MERRILL LYNCH SENIOR FLOATING RATE FUND II, INC.

                By:    /s/ Andrew C. Liggio
                     -------------------------------------------------------
                     Title:  Authorized Signatory

<PAGE>

                MERRILL LYNCH SENIOR FLOATING
                     RATE FUND, INC.

                By:    /s/ Andrew C. Liggio
                     -------------------------------------------------------
                     Title:  Authorized Signatory

<PAGE>

                MICHIGAN NATIONAL BANK

                By:    /s/ Lisa Davidson McKinnon
                     -------------------------------------------------------
                     Title:  Senior Commercial Relationship Manager

<PAGE>

                THE MITSUBISHI TRUST AND BANKING CORPORATION

                By:    /s/ Toshihiro Hayashi
                     -------------------------------------------------------
                     Title:  Senior Vice President

<PAGE>

                ML CLO XX PILGRIM AMERICA (CAYMAN) LTD.

                By:   PILGRIM INVESTMENTS, INC. AS ITS INVESTMENT MANAGER

                      By:
                          --------------------------------------------------
                          Name:
                          Title:

<PAGE>

                MONUMENTAL LIFE INSURANCE COMPANY

                By:    /s/ John Bailey
                     -------------------------------------------------------
                     Title:  Vice President

<PAGE>

                MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST

                By:
                     -------------------------------------------------------
                     Name:
                     Title:

<PAGE>

                MOUNTAIN CAPITAL CLO I, LTD.

                By:
                     -------------------------------------------------------
                     Name:
                     Title:

<PAGE>

                NATEXIS BANQUE BFCE

                By:    /s/ Evan S. Kraus
                     -------------------------------------------------------
                     Title:  Assistant Vice President

                By:    /s/ Frank H. Madden, Jr.
                     -------------------------------------------------------
                     Title:  Vice President & Group Manager

<PAGE>

                STEIN ROE & FARNHAM CLO I LTD.,

                By: STEIN ROE & FARNHAM INCORPORATED,
                     AS PORTFOLIO MANAGER

                By:    /s/ Brian Good
                     -------------------------------------------------------
                     Title:  Vice President and Portfolio Manager

<PAGE>

                NORSE CBO, LTD.

                By:      PETERSON CAPITAL MANAGEMENT, LLC AS ITS INVESTMENT
                         ADVISOR

                By:      PETERSON CAPITAL ADVISORS, LLC ITS MANAGER AND
                         PURSUANT TO DELEGATED AUTHORITY

                By:
                     -------------------------------------------------------
                     Name:
                     Title:

<PAGE>

                NORTH AMERICAN SENIOR FLOATING RATE FUND

                By:      CYPRESSTREE INVESTMENT MANAGEMENT COMPANY, INC., AS
                         PORTFOLIO MANAGER

                By:    /s/ Timothy M. Barns
                     -------------------------------------------------------
                     Title:   Managing Director

<PAGE>

                NORTHWOODS CAPITAL, LIMITED

                By:      ANGELO, GORDON & CO., L.P., AS COLLATERAL MANAGER

                By:    /s/ Jeffrey H. Aronson
                     -------------------------------------------------------
                     Title:  Authorized Signatory
<PAGE>

                OAK HILL SECURITIES FUND, L.P.

                By:      OAK HILL SECURITIES GENPAR, L.P.,
                         ITS GENERAL PARTNER

                By:      OAK HILL SECURITIES MGP, INC.,
                         ITS GENERAL PARTNER

                By:    /s/ Scott D. Krase
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                OAK MOUNTAIN LIMITED

                By:      ALLIANCE CAPITAL MANAGEMENT L.P., AS INVESTMENT
                         MANAGER

                By:      ALLIANCE CAPITAL MANAGEMENT CORPORATION, AS GENERAL
                         PARTNER

                By:    /s/ Kenneth G. Ostmann
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                OCTAGON LOAN TRUST

                By:      OCTAGON CREDIT INVESTORS, AS MANAGER,
                         AS A LENDER

                By:    /s/ Michael Nechankin
                     --------------------------------------------
                     Title:  Portfolio Manager

<PAGE>

                OLYMPIC FUNDING TRUST, SERIES 1999-1

                By:    /s/ Kelly C. Walker
                     --------------------------------------------
                     Title:  Authorized Agent

<PAGE>

                ORIX USA CORPORATION

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                OSPREY INVESTMENTS PORTFOLIO

                By:      CITIBANK, N.A., AS MANAGER

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                OXFORD STRATEGIC INCOME FUND

                By:      EATON VANCE MANAGEMENT, AS INVESTMENT ADVISOR

                By:    /s/ Scott H. Page
                     --------------------------------------------
                     Title:  Vice President

<PAGE>

                PACIFIC LIFE INSURANCE COMPANY

                By:
                     --------------------------------------------
                     Name:
                     Title:

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PACIFIC REDWOOD CBO

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PARIBAS CAPITAL FUNDING LLC

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PERSEUS CDO I, LIMITED

                By:    /s/ John B. Wheeler
                     --------------------------------------------
                     Title:  Managing Director

<PAGE>

                PILGRIM PRIME RATE TRUST

                By:      PILGRIM INVESTMENTS, INC.,
                         AS ITS INVESTMENT MANAGER

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM DIVERSIFIED INCOME TRUST

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM DIVERSIFIED INCOME TRUST II

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM FUNDS TRUST-PUTNAM HIGH YIELD TRUST II

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM HIGH YIELD TOTAL RETURN FUND

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM MASTER INCOME TRUST

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM MASTER INTERMEDIATE INCOME TRUST

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM PREMIER INCOME TRUST

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM VARIABLE TRUST-PVT DIVERSIFIED INCOME FUND

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM VARIABLE TRUST-PVT HIGH YIELD FUND

                By:
                     --------------------------------------------
                     Name:
                     Title:

<PAGE>

                ROYALTON COMPANY

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY, AS ITS
                         INVESTMENT ADVISOR

                By:      PIMCO MANAGEMENT INC.,
                         A GENERAL PARTNER

                By:    /s/ Mohan V. Phansalker
                   ----------------------------------
                     Title:  Senior Vice President

<PAGE>

                SAAR HOLDINGS CDO, LIMITED

                By:    /s/ John B. Wheeler
                   ----------------------------------
                     Title:  Managing Director

<PAGE>

                SENIOR DEBT PORTFOLIO

                By:      BOSTON MANAGEMENT AND RESEARCH, AS INVESTMENT
                         ADVISOR

                By:    /s/ Scott H. Page
                   ----------------------------------
                     Title:  Vice President

<PAGE>

                SEQUILS-PILGRIM I, LTD.

                By:      PILGRIM INVESTMENTS, INC. AS ITS INVESTMENT MANAGER

                By:    /s/ Charles E. LeMieux, CFA
                   ----------------------------------
                     Title:  Assistant Vice President

<PAGE>

                SEQUILS I, LTD

                By:      TCW ADVISORS, INC. AS ITS COLLATERAL MANAGER

                By:
                   ----------------------------------
                     Name:
                     Title:

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                SOUTHERN PACIFIC BANK

                By:    /s/ Cheryl A. Wasilewski
                   ----------------------------------
                     Title:  Senior Vice President

<PAGE>

                SRF TRADING, INC.

                By:    /s/ Kelly C. Walker
                   ----------------------------------
                     Title:  Vice President

<PAGE>

                SRV-HIGHLAND, INC.

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                STOCKSPLUS LP SUBFUND B (ACCT 400)

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY, AS ITS
                         INVESTMENT ADVISOR, ACTING THROUGH INVESTORS
                         FIDUCIARY TRUST COMPANY IN THE NOMINEE NAME OF IFTCO

                By:      PIMCO MANAGEMENT INC.,
                         A GENERAL PARTNER

                By:    /s/ Mohan V. Phansalker
                   ----------------------------------
                     Title:  Senior Vice President

<PAGE>

                THE SUMITOMO BANK, LTD

                By:    /s/ Suresh S. Tata
                   ----------------------------------
                     Title:   Senior Vice President

<PAGE>

                SUTTER CBO 1998-1 LTD.

                By:      WELLS FARGO BANK, N.A., ITS ATTORNEY-IN-FACT

                By:    /s/ Christine C. Rotter
                   ----------------------------------
                     Title:  Vice President

<PAGE>

                TEACHERS' RETIREMENT SYSTEM OF LOUISIANA

                By:      MACKAY-SHIELDS FINANCIAL CORPORATION ITS INVESTMENT
                         ADVISOR

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                MAINSTAY VP SERIES FUND, INC., ON BEHALF OF ITS HIGH YIELD
                     CORPORATE BOND PORTFOLIO

                By:      MACKAY-SHIELDS FINANCIAL CORPORATION ITS INVESTMENT
                         ADVISOR

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                TORONTO DOMINION (NEW YORK), INC.

                By:    /s/ Jorge A. Garcia
                   ----------------------------------
                     Title:  Vice President

<PAGE>

                TRANSAMERICA BUSINESS CREDIT CORPORATION

                By:    /s/ Perry Vavoules
                   ----------------------------------
                     Title:  Senior Vice President

<PAGE>

                TRAVELERS CORPORATE LOAN FUND, INC.

                By:      TRAVELERS ASSET MANAGEMENT INTERNATIONAL CORPORATION

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                THE TRAVELERS INSURANCE COMPANY

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                TRITON CBO III, LIMITED

                By:      INVESCO SENIOR SECURED MANAGEMENT, INC., AS
                         INVESTMENT ADVISOR

                By:
                   ----------------------------------
                     Name:
                     Title:

<PAGE>

                UNION BANK OF CALIFORNIA, N.A.

                By:    /s/ Henry G. Montgomery
                   ----------------------------------
                     Title:  Vice President

<PAGE>

                VAN KAMPEN PRIME RATE INCOME TRUST

                By:    /s/ Darvin Pierce
                   ----------------------------------
                     Title:  VP

<PAGE>

                WACHOVIA BANK, N.A.

                By:    /s/ Debra L. Coheley
                   ----------------------------------
                     Title:  Senior Vice President<PAGE>

                                                                   EXHIBIT 10.24

                          SECOND AMENDMENT AND CONSENT

       SECOND AMENDMENT AND CONSENT (this "AMENDMENT"), dated as of January 6,
2000, among PACKAGING CORPORATION OF AMERICA, a Delaware corporation (the
"BORROWER"), the Lenders from time to time party to the Credit Agreement
referred to below, J.P. MORGAN SECURITIES INC. and DEUTSCHE BANK SECURITIES INC.
(as successor to BT Alex. Brown Incorporated), as Co-Lead Arrangers (in such
capacity, each a "CO-LEAD ARRANGER" and, collectively, the "CO-LEAD ARRANGERS"),
BANKERS TRUST COMPANY, as Syndication Agent (in such capacity, the "SYNDICATION
AGENT"), and MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent
(in such capacity, the "ADMINISTRATIVE AGENT"). All capitalized terms used
herein and not otherwise defined shall have the respective meanings provided
such terms in the Credit Agreement.

                              W I T N E S S E T H :

       WHEREAS, the Borrower, the Lenders, the Co-Lead Arrangers, the
Syndication Agent and the Administrative Agent are parties to a Credit
Agreement, dated as of April 12, 1999 (as in effect on the date hereof, the
"CREDIT AGREEMENT");

       WHEREAS, the Borrower and certain Lenders have entered into a First
Amendment and Consent to the Credit Agreement, dated as of August 26, 1999 (the
"FIRST AMENDMENT"), permitting, subject to the terms and conditions provided
therein, the Borrower to use the proceeds of a Permitted Primary Offering (as
defined therein) as set forth therein; and

       WHEREAS, subject to the terms and conditions of this Amendment, the
parties hereto wish to amend the Credit Agreement as herein provided to provide
for an extension of the date by which a Permitted Primary Offering may be
consummated;

       NOW, THEREFORE, it is agreed:

       1.     The definition of "Permitted Primary Offering" appearing in
Section 11.01 of the Credit Agreement is hereby amended by deleting the phrase
"December 31, 1999" appearing therein and inserting the phrase "December 31,
2000" in lieu thereof.

       2.     In order to induce the Lenders to enter into this Amendment, the
Borrower represents and warrants that:

       (a)    no Default or Event of Default exists as of the Second Amendment
    Effective Date (as defined below), both immediately before and immediately
    after giving effect to this Amendment; and

       (b)    all of the representations and warranties contained in the Credit
    Agreement or the other Credit Documents are true and correct in all material
    respects on the Second Amendment Effective Date both immediately before and
    immediately after giving effect

<PAGE>

    to this Amendment, with the same effect as though such representations and
    warranties had been made on and as of the Second Amendment Effective Date
    (it being understood that any representation or warranty made as of a
    specific date shall be true and correct in all material respects as of such
    specific date).

       3.     This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any other provision of the Credit
Agreement or any other Credit Document.

       4.     This Amendment may be executed in any number of counterparts and
by the different parties hereto on separate counterparts, each of which
counterparts when executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A complete set of
counterparts shall be lodged with the Borrower and the Administrative Agent.

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

       6.     This Amendment shall become effective on the date (the "SECOND
AMENDMENT EFFECTIVE DATE") when each of the Borrower and the Required Lenders
shall have signed a counterpart hereof (whether the same or different
counterparts) and shall have delivered (including by way of facsimile
transmission) the same to the Administrative Agent at its Notice Office.

       7.     From and after the Second Amendment Effective Date, all references
in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified
hereby.

                                      * * *

                                       2
<PAGE>

       IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first above
written.

                PACKAGING CORPORATION OF AMERICA

                By:  /s/  Richard B. West
                     --------------------
                     Title:  Chief Financial Officer

                                       3
<PAGE>

                MORGAN GUARANTY TRUST COMPANY OF
                     NEW YORK, INDIVIDUALLY AND AS
                     ADMINISTRATIVE AGENT

                By:  /s/  Colleen B. Galle
                     ---------------------
                     Title:  Vice President

<PAGE>

                J.P. MORGAN SECURITIES, INC.,
                     AS CO-LEAD ARRANGER

                By:  /s/  James E. Condon
                     --------------------
                     Title:  Vice President

<PAGE>

                DEUTSCHE BANC ALEX BROWN INCORPORATED, AS A CO-LEAD ARRANGER

                By:  /s/  Loretta L. Summers
                     -----------------------
                       Title:  MD

<PAGE>

                BANKERS TRUST COMPANY,
                     INDIVIDUALLY AND AS SYNDICATION
                     AGENT

                By:  /s/  Robert R. Telesca
                     ----------------------
                      Title:  Assistant Vice President

<PAGE>

                GOLDMAN SACHS CREDIT PARTNERS L.P.,
                     INDIVIDUALLY AND AS DOCUMENTATION AGENT

                By:  /s/  Mark Denatale
                     ------------------
                     Title:  Authorized Signatory

<PAGE>

                ABN AMRO BANK N.V.

                By:   /s/  Ronald C. Spurga
                     ----------------------
                     Title:  Vice President

                By:   /s/  Robert W. Casey, Jr.
                     --------------------------
                     Title:  General Vice President

<PAGE>

                AERIES FINANCE LTD.

                By:
                     --------------------------------------
                     Name:
                     Title:

<PAGE>

                AIM STRATEGIC INCOME FUND

                By:      INVESCO (NY) INC.,
                         AS INVESTMENT ADVISOR

                         By:
                            -------------------------------
                             Name:
                             Title:

<PAGE>

                ALLIANCE INVESTMENT OPPORTUNITIES FUND, L.L.C.

                By:      ALLIANCE INVESTMENT OPPORTUNITIES MANAGEMENT,
                         L.L.C.,
                         AS MANAGING MEMBER

                By:      ALLIANCE CAPITAL MANAGEMENT, L.P.,
                         AS MANAGING MEMBER

                By:      ALLIANCE CAPITAL MANAGEMENT CORPORATION,
                         AS GENERAL PARTNER

                By:
                    --------------------------------------------------
                    Name:
                    Title:

<PAGE>

                ALLSTATE INSURANCE COMPANY

                By:
                    -----------------------------------
                     Name:
                     Title:

                By:
                    -----------------------------------
                     Name:
                     Title:

<PAGE>

                ALLSTATE LIFE INSURANCE COMPANY

                By:
                    -----------------------------------
                     Name:
                     Title:

                By:
                    -----------------------------------
                     Name:
                     Title:

<PAGE>

                AMARA-1 FINANCE LTD.

                By:
                    -----------------------------------
                     Name:
                     Title:

<PAGE>

                AMARA-2 FINANCE LTD.

                By:
                    -----------------------------------
                     Name:
                     Title:

<PAGE>

                ARCHIMEDES FUNDING II, LTD.

                By:      ING CAPITAL ADVISORS LLC,
                         AS COLLATERAL MANAGER

                         By:  /s/  Michael J. Campbell
                            --------------------------
                             Title:  Senior Vice President &
                                       Portfolio Manager

<PAGE>

                ARCHIMEDES FUNDING III, LTD.

                By:      ING CAPITAL ADVISORS LLC,
                         AS COLLATERAL MANAGER

                     By:  /s/  Michael J. Campbell
                        ---------------------------
                           Title:  Senior Vice President &
                                     Portfolio Manager

<PAGE>

                ARCHIMEDES FUNDING, L.L.C.

                By:      ING CAPITAL ADVISORS LLC,
                         AS COLLATERAL MANAGER

                         By:
                            ---------------------------------------
                             Name:
                             Title:

<PAGE>

                ARES LEVERAGED INVESTMENT FUND, L.P.

                By:      ARES MANAGEMENT, L.P.,
                         ITS GENERAL PARTNER

                By:
                   ---------------------------------------
                     Name:
                     Title:

<PAGE>

                ARES LEVERAGED INVESTMENT FUND II, L.P.

                By:      ARES MANAGEMENT II, L.P.,
                         ITS GENERAL PARTNER

                By:
                    ---------------------------------------
                     Name:
                     Title:

<PAGE>

                ATHENA CDO, LIMITED

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY,
                         AS ITS INVESTMENT ADVISOR

                By:  PIMCO Management Inc., a general partner

                By:  /s/  Mohan V. Phansalkar
                    --------------------------
                     Title:  Senior Vice President

<PAGE>

                BANK OF AMERICA, N.A.

                By:
                    ---------------------------------------
                     Name:
                     Title:

<PAGE>

                BANK OF MONTREAL

                By:  /s/  Amy K. Dumser
                   ----------------------
                     Title:

<PAGE>

                THE BANK OF NOVA SCOTIA

                By:  /s/  F.C.H. Ashby
                   ----------------------
                     Title:  Senior Manager Loan Operations

<PAGE>

                BANK POLSKA KASA OPIEKI, S.A.-PEKAO S.A. GROUP

                By:  /s/  Barry W. Henry
                   ----------------------
                    Title:  Vice President &
                            Senior Lending Officer

<PAGE>

                BANK UNITED

                By:  /s/  Phil Green
                   --------------------
                     Title:  Director Commercial Syndications

<PAGE>

                BANKBOSTON, N.A.

                By:  /s/  Marie C. Duprey
                   ----------------------
                     Title:  Vice President

<PAGE>

                BANK ONE, NA

                     By:  /s/  Eric C. Balk
                         -------------------
                         Title:  AVP

<PAGE>

                BANQUE WORMS CAPITAL CORPORATION

                By:
                   --------------------------------------
                     Name:
                     Title:

<PAGE>

                BAYERISCHE HYPO-UND VEREINSBANK AG, NEW YORK BRANCH

                By:  /s/  Sylvia K. Cheng
                   ----------------------
                   Title:  Director

                By:  /s/  Carlo Lamberti
                   ----------------------
                   Title:  Associate Director

<PAGE>

                BEAR STEARNS INVESTMENT PRODUCTS INC.

                By:
                   -----------------------------------------------
                     Name:
                     Title:

<PAGE>

                BEDFORD CDO, LIMITED

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY,
                         AS ITS INVESTMENT ADVISOR

                By:  PIMCO Management Inc., a general partner

                By:  /s/  Mohan V. Phansalkar
                   --------------------------
                     Title:  Senior Vice President

<PAGE>

                BLACK DIAMOND INTERNATIONAL

                By:
                   ------------------------------------------
                     Name:
                     Title:

<PAGE>

                     Sankaty Advisors, Inc. as Collateral Manager for
                     BRANT POINT CLO 1999-1, LTD., as Term Lender

                     By:  /s/  Diane J. Extor
                         ---------------------
                           Title:  Executive Vice President, Portfolio
                                    Manager

<PAGE>

                CANADIAN IMPERIAL BANK OF COMMERCE

                By:  /s/  Koren Volk
                   -------------------
                     Title:  Authorized Signatory

<PAGE>

                CAPTIVA FINANCE LTD.

                By:
                   ----------------------------------------
                     Name:
                     Title:

<PAGE>

                CAPTIVA II FINANCE LTD.

                By:
                   -----------------------------------------
                     Name:
                     Title:

<PAGE>

                CAPTIVA III FINANCE LTD.,

                By:      AS ADVISED BY PACIFIC
                         INVESTMENT MANAGEMENT COMPANY

                By:  /s/  David Dyer
                   ------------------
                     Title: Director

<PAGE>

                CAPTIVA IV FINANCE LTD.,

                By:   AS ADVISED BY PACIFIC
                      INVESTMENT MANAGEMENT COMPANY

                By:  /s/  David Dyer
                   ------------------
                     Title: Director

<PAGE>

                CARAVELLE INVESTMENT FUND, L.L.C.

                By:
                   ----------------------------------------------
                     Name:
                     Title:

<PAGE>

                CHASE MANHATTAN BANK

                By:
                   -----------------------------------------
                     Name:
                     Title:

<PAGE>

                CHRISTIANA BANK OG KREDITKASSE ASA

                By:  /s/  Carl Petter Svendsen
                    ---------------------------
                     Title:  Senior Vice President

                By:  /s/  Peter M. Dodge
                   ----------------------
                     Title:  Senior Vice President

<PAGE>

                CIBC INC.

                By:
                   -------------------------------------
                     Name:
                     Title:

<PAGE>

                COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE

                By: /s/  Sean Mounier
                   -------------------
                    Title:  First Vice President

                By: /s/  Marcus Edward
                   --------------------
                    Title:  Vice President

<PAGE>

                THE CIT GROUP/EQUIPMENT FINANCING, INC.

                By:
                   -------------------------------------
                     Name:
                     Title:

<PAGE>

                CO BANK, ACB

                By:  /s/  Brian J. Klatt
                   ----------------------
                     Title:  Vice President

<PAGE>

                CREDIT LYONNAIS NEW YORK BRANCH

                By:
                   ----------------------------------------
                     Name:
                     Title:

<PAGE>

                CRESCENT/MACH I PARTNERS, L.P.

                By:      TCW ASSET MANAGEMENT COMPANY,
                         ITS INVESTMENT MANAGER

                         By:
                             ---------------------------------
                             Name:
                             Title:

<PAGE>

                CYPRESSTREE INSTITUTIONAL FUND, LLC

                By:      CYPRESSTREE INVESTMENT
                         MANAGEMENT COMPANY, INC. ITS
                         MANAGING MEMBER

                By:  /s/  Jonathan D. Sharkey
                   ---------------------------
                     Title:  Principal

<PAGE>

                CYPRESSTREE INVESTMENT FUND, LLC

                By:      CYPRESSTREE INVESTMENT
                         MANAGEMENT COMPANY, INC. ITS
                         MANAGING MEMBER

                By:  /s/  Jonathan D. Sharkey
                   -----------------------------
                     Title:  Principal

<PAGE>

                CYPRESSTREE SENIOR FLOATING RATE FUND

                By:      CYPRESSTREE INVESTMENT
                         MANAGEMENT COMPANY, INC., AS
                         PORTFOLIO MANAGER

                By:  /s/  Jonathan D. Sharkey
                   ---------------------------
                     Title:  Principal

<PAGE>

                                       DEBT STRATEGIES FUND III, INC.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       DELANO COMPANY

                                       By:  PACIFIC INVESTMENT MANAGEMENT
                                            COMPANY,
                                            AS ITS INVESTMENT ADVISOR

                                       By:  PIMCO Management Inc., a general
                                            partner

                                       By:  /s/  Mohan V. Phansalkar
                                           -----------------------------------
                                           Title:  Senior Vice President

<PAGE>

                                       DLJ CAPITAL FUNDING INC.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       DRESDNER BANK AG NEW YORK AND GRAND
                                         CAYMAN BRANCHES

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       EA CAYMAN UNIT TRUST-EA/MACKAY HIGH
                                         YIELD CAYMAN UNIT TRUST

                                       By:  MACKAY-SHIELDS FINANCIAL
                                            CORPORATION ITS INVESTMENT ADVISOR

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       EATON VANCE INSTITUTIONAL SENIOR LOAN
                                         FUND

                                       BY:  EATON VANCE MANAGEMENT AS
                                            INVESTMENT ADVISOR

                                       By:  /s/  Scott H. Page
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       EATON VANCE SENIOR INCOME TRUST

                                       By:  EATON VANCE MANAGEMENT AS
                                            INVESTMENT ADVISOR

                                       By:  /s/  Scott H. Page
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       ELC (CAYMAN) LTD. CDO SERIES 1999-1

                                       By:  /s/  Thomas M. Finke
                                           -----------------------------------
                                           Title:  Managing Director

<PAGE>

                                       ELT LIMITED

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       ERSTE BANK DER OESTERREICHISCHEN
                                         SPARKASSEN AG

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       FEDERAL STREET PARTNERS

                                       By:  /s/  David K. McKown
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       FIRST DOMINION FUNDING I

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       FIRST DOMINION FUNDING II

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       THE FIRST NATIONAL BANK OF CHICAGO

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       FIRST UNION NATIONAL BANK

                                       By:  /s/  Andrew Payne
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       FIRSTRUST BANK

                                       By:  /s/  Kent D. Nelson
                                           -----------------------------------
                                           Title:  Vice President and Manager

<PAGE>

                                       FLEET NATIONAL BANK

                                       By:  /s/  Michael J. Sullivan
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       FLOATING RATE PORTFOLIO

                                       By:  INVESCO SENIOR SECURED MANAGEMENT,
                                            INC., AS ATTORNEY IN FACT

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       FRANKLIN FLOATING RATE TRUST

                                       By:  /s/  Chauncey Lufkin
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       FREMONT INVESTMENT & LOAN

                                       By:  /s/  Maria Chachere
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       THE FUJI BANK, LIMITED

                                       By:  /s/  Peter L. Chinnici
                                           -----------------------------------
                                           Title:  Senior Vice President &
                                                   Group Head

<PAGE>

                                       GALAXY CLO 1999-1, LTD.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       GENERAL ELECTRIC CAPITAL CORPORATION

                                       By:  /s/  Thomas E. Johnstone
                                           -----------------------------------
                                           Title:  Duly Authorized Signatory

<PAGE>

                                       Sankaty Advisors, Inc. as Collateral
                                       Manager for
                                       GREAT POINT CLO 1999-1 LTD., as Term
                                       Lender

                                       By:  /s/  Diane J. Extor
                                           -----------------------------------
                                           Title:  Executive Vice President,
                                                   Portfolio Manager

<PAGE>

                                       HELLER FINANCIAL, INC.

                                       By:  /s/  Sheila C. Weimer
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       THE ING CAPITAL SENIOR SECURED INCOME
                                         FUND, L.P.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       THE INDUSTRIAL BANK OF JAPAN, LIMITED

                                       By:  /s/  Walter R. Wolff
                                           -----------------------------------
                                           Title:  Joint General Manager

<PAGE>

                                       IMPERIAL BANK, A CALIFORNIA BANKING
                                         CORPORATION

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       INDOSEUZ CAPITAL FUNDING IIA, LIMITED

                                       By:  INDOSUEZ CAPITAL LUXEMBOURG, AS
                                            PORTFOLIO ADVISOR

                                       By:  /s/  Melissa Marano
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       INDOSEUZ CAPITAL FUNDING IV, L.P.

                                       By:  INDOSUEZ CAPITAL LUXEMBOURG, AS
                                            PORTFOLIO ADVISOR

                                       By:  /s/  Melissa Marano
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       J.H. WHITNEY MARKET VALUE FUND, L.P.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       JACKSON NATIONAL LIFE INSURANCE COMPANY

                                       By:  PPM AMERICA, INC., AS ATTORNEY IN
                                            FACT, ON BEHALF OF JACKSON NATIONAL
                                            LIFE INSURANCE COMPANY

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       KEMPER FLOATING RATE FUND

                                       By:  /s/  Mark E. Wittnebel
                                           -----------------------------------
                                           Title:  Senior Vice President

<PAGE>

                                       KZH APPALOOSA LLC

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       KZH CNC LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH CRESCENT-2 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH CYPRESSTREE-1 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH HIGHLAND-2 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH ING-1 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH ING-3 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH IV LLC

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       KZH PONDVIEW LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH SHOSHONE LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH STERLING LLC

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       KZH SOLEIL LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       KZH SOLEIL-2 LLC

                                       By:  /s/  Peter Chin
                                           -----------------------------------
                                           Title:  Authorized Agent

<PAGE>

                                       LEHMAN COMMERCIAL PAPER

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       LLOYDS TSB BANK PLC

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       THE 1199 HEALTH CARE EMPLOYEES
                                         PENSION FUND

                                       By:  MACKAY-SHIELDS FINANCIAL CORPORATION
                                              ITS INVESTMENT ADVISOR

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       BANKBOSTON, N.A. AS TRUST ADMINISTRATOR
                                         FOR LONGLANE MASTER TRUST IV

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MAGNETITE ASSET INVESTORS LLC

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                      MAINSTAY VP SERIES FUND, INC., ON BEHALF
                                      OF ITS HIGH YIELD CORPORATE BOND PORTFOLIO

                                      BY:  MACKAY-SHIELDS FINANCIAL CORPORATION
                                           ITS INVESTMENT ADVISOR

                                      By:
                                          -------------------------------------
                                      Name:
                                      Title:

<PAGE>

                                       MEDICAL LIABILITY MUTUAL
                                         INSURANCE COMPANY

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MERRILL LYNCH PRIME RATE PORTFOLIO

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MERRILL LYNCH SENIOR FLOATING RATE
                                         FUND II, INC.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MERRILL LYNCH SENIOR FLOATING
                                         RATE FUND, INC.

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MICHIGAN NATIONAL BANK

                                       By:  /s/  Lisa Davidson McKinnon
                                           -----------------------------------
                                           Title:  Vice President

<PAGE>

                                       THE MITSUBISHI TRUST AND BANKING
                                         CORPORATION

                                       By:  /s/  Beatrice E. Kossodo
                                           -----------------------------------
                                           Title:  Senior Vice President

<PAGE>

                                       ML CLO XX PILGRIM AMERICA (CAYMAN)
                                         LTD.

                                       By:  PILGRIM INVESTMENTS, INC. AS ITS
                                            INVESTMENT MANAGER

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                                       MONUMENTAL LIFE INSURANCE COMPANY

                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:

<PAGE>

                           MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           MORGAN TRADING

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           MORGAN PORTFOLIO

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           MOUNTAIN CAPITAL CLO I, LTD.

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           NATEXIS BANQUE BFCE

                           By:  /s/  Jordan Sadler
                              ------------------------------------------
                              Title:  Associate

                           By:  /s/  Frank H. Madden, Jr.
                              ------------------------------------------
                              Title:  Vice President & Group Manager

<PAGE>

                           NOMURA BOND & LOAN FUND

                           BY:   NOMURA CORPORATE RESEARCH &
                                 ASSET MANAGEMENT INC.
                                 AS INVESTMENT ADVISOR

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           NORSE CBO, LTD.

                           By:   PETERSON CAPITAL MANAGEMENT,
                                 LLC AS ITS INVESTMENT ADVISOR

                           By:   PETERSON CAPITAL ADVISORS, LLC
                                 ITS MANAGER AND PURSUANT TO
                                 DELEGATED AUTHORITY

                           By:  /s/  Timothy S. Peterson
                              ------------------------------------------
                              Title:  President

<PAGE>

                           NORTH AMERICAN SENIOR FLOATING RATE FUND

                           By:   CYPRESSTREE INVESTMENT
                                 MANAGEMENT COMPANY, INC., AS
                                 PORTFOLIO MANAGER

                           By:   /s/  Jonathan D. Sharkey
                              ------------------------------------------
                              Title:  Principal

<PAGE>

                           NORTHWOODS CAPITAL, LIMITED

                           By:   ANGELO, GORDON & CO., L.P., AS
                                 COLLATERAL MANAGER

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           OAK HILL SECURITIES FUND, L.P.

                           By:   OAK HILL SECURITIES GENPAR, L.P.,
                                 ITS GENERAL PARTNER

                           By:   OAK HILL SECURITIES MGP, INC.,
                                 ITS GENERAL PARTNER

                           By:  /s/  Scott D. Krase
                              ------------------------------------------
                              Title:  Vice President

<PAGE>

                           OAK MOUNTAIN LIMITED

                           By:   ALLIANCE CAPITAL MANAGEMENT
                                 L.P., AS INVESTMENT MANAGER

                           By:   ALLIANCE CAPITAL MANAGEMENT
                                 CORPORATION, AS GENERAL
                                 PARTNER

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           OCTAGON INVESTMENT PARTNERS III, LTD.

                           By:   OCTAGON CREDIT INVESTORS, LLC,
                                 AS PORTFOLIO MANAGER

                           By:  /s/  Michael B. Nechamkin
                              ------------------------------------------
                              Title:  Portfolio Manager

<PAGE>

                           OLYMPIC FUNDING TRUST, SERIES 1999-1

                           By:  /s/  Kelly C. Walker
                              ------------------------------------------
                              Title:  Authorized Agent

<PAGE>

                           ORIX USA CORPORATION

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           OSPREY INVESTMENTS PORTFOLIO

                           By:   CITIBANK, N.A., AS MANAGER

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           OXFORD STRATEGIC INCOME FUND

                           By:   EATON VANCE MANAGEMENT, AS INVESTMENT ADVISOR

                           By:  /s/  Scott H. Page
                              ------------------------------------------
                              Title:  Vice President

<PAGE>

                           PACIFIC LIFE INSURANCE COMPANY

                           By:
                              ------------------------------------------
                              Name:
                              Title:

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           PACIFIC REDWOOD CBO

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           PARIBAS CAPITAL FUNDING LLC

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           PARIBAS CORPORATION

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                PERSEUS CDO I, LIMITED

                BY:  Massachusetts Mutual Life Insurance Company,
                        as Collateral Manager

                By:  /s/  Steven J. Katz
                     -------------------
                     Title:  Second V.P. & Associate General Counsel
<PAGE>

                PILGRIM PRIME RATE TRUST

                By:      PILGRIM INVESTMENTS, INC.,
                         AS ITS INVESTMENT MANAGER

                By:
                   -------------------------------
                   Name:
                   Title:
<PAGE>

                PUTNAM DIVERSIFIED INCOME TRUST

                By:
                   -------------------------------
                   Name:
                   Title:

<PAGE>

                PUTNAM DIVERSIFIED INCOME TRUST II

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM FUNDS TRUST-PUTNAM HIGH YIELD TRUST II

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM HIGH YIELD TOTAL RETURN FUND

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM MASTER INCOME TRUST

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM MASTER INTERMEDIATE INCOME TRUST

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM PREMIER INCOME TRUST

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM VARIABLE TRUST-PVT DIVERSIFIED INCOME FUND

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                PUTNAM VARIABLE TRUST-PVT HIGH YIELD FUND

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                ROYAL BANK OF CANADA

                By:
                   -------------------------------
                     Name:
                     Title:

<PAGE>

                ROYALTON COMPANY

                By:      PACIFIC INVESTMENT MANAGEMENT COMPANY,
                         AS ITS INVESTMENT ADVISOR

                By:  PIMCO Management Inc., a general partner

                By:  /s/  Mohan V. Phansalkar
                   -------------------------------
                     Title:  Senior Vice President

<PAGE>

                SANKATY HIGH YIELD PARTNERS II, L.P.

                By:  /s/  Diane J. Exter
                    -------------------------------
                     Title:  Executive Vice President, Portfolio Manager

<PAGE>

                SAAR HOLDINGS CDO, LIMITED

                     BY:  Massachusetts Mutual Life Insurance Company, as
                     Investment Manager

                     By:  /s/  Steven J. Katz
                          -------------------------------
                           Title:  Second V.P. & Associate General
                                     Counsel

<PAGE>

                SAWGRASS TRADING LLC

                     By:  /s/  Kelly C. Walker
                         -------------------------------
                         Title:  Vice President

<PAGE>

                SENIOR DEBT PORTFOLIO

                By:      BOSTON MANAGEMENT AND RESEARCH, AS INVESTMENT
                         ADVISOR

                By:  /s/  Scott H. Page
                     -------------------------------
                     Title:  Vice President

<PAGE>

                SEQUILS-PILGRIM I, LTD.

                By:      PILGRIM INVESTMENTS, INC. AS ITS INVESTMENT MANAGER

                By:  /s/  Michel Prince
                     -------------------------------
                     Title:  Vice President

<PAGE>

                           SEQUILS I, LTD

                           By:   TCW ADVISORS, INC. AS ITS
                                 COLLATERAL MANAGER

                           By:
                              ------------------------------------------
                              Name:
                              Title:

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           SEQUILS-ING I (HBDGM), LTD.

                           BY:   ING CAPITAL ADVISORS LLC,
                                 COLLATERAL MANAGER AND
                                 AUTHORIZED SIGNATORY

                           By:  /s/  Michael J. Campbell
                              ------------------------------------------
                              Title:  Senior Vice President &
                                      Portfolio Manager

<PAGE>

                           SOUTHERN PACIFIC BANK

                           By:  /s/  Mun Young Kim
                              ------------------------------------------
                              Title:  Vice President

<PAGE>

                           SRF TRADING, INC.

                           By:
                              ------------------------------------------
                              Name:
                              Title:

<PAGE>

                           SRV-HIGHLAND, INC.

                           By:  /s/  Kelly C. Walker
                              ------------------------------------------
                              Title:  Vice President

<PAGE>

                           STEIN ROE & FARNHAM CLO I LTD.,

                           BY STEIN ROE & FARNHAM INCORPORATED,
                           AS PORTFOLIO MANAGER

                           By:
                              --------------------------------
                                Name:
                                Title:

<PAGE>

                           STOCKSPLUS LP SUBFUND B (ACCT 400)

                           By:      PACIFIC INVESTMENT MANAGEMENT COMPANY, AS
                                    ITS INVESTMENT ADVISOR, ACTING THROUGH
                                    INVESTORS FIDUCIARY TRUST COMPANY IN THE
                                    NOMINEE NAME OF IFTCO

                           By:  PIMCO Management Inc., a general partner

                           By:  /s/  Mohan V. Phansalkar
                                -----------------------------
                                Title:  Senior Vice President

<PAGE>

                           THE SUMITOMO BANK, LTD

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           SUTTER CBO 1998-1 LTD.

                           By:      WELLS FARGO BANK, N.A., ITS
                                    ATTORNEY-IN-FACT

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           TEACHERS' RETIREMENT SYSTEM OF
                             LOUISIANA

                           By:      MACKAY-SHIELDS FINANCIAL
                                    CORPORATION ITS INVESTMENT
                                    ADVISOR

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           TORONTO DOMINION (NEW YORK), INC.

                           By:  /s/  Jorge A. Garcia
                                -----------------------------
                                Title:  Vice President

<PAGE>

                           TRANSAMERICA BUSINESS CREDIT
                             CORPORATION

                           By:  /s/  Perry Vavoules
                                -----------------------------
                                Title:  Senior Vice President

<PAGE>

                           TRAVELERS CORPORATE LOAN FUND, INC.

                           By:      TRAVELERS ASSET MANAGEMENT
                                    INTERNATIONAL CORPORATION

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           THE TRAVELERS INSURANCE COMPANY

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           TRITON CBO III, LIMITED

                           By:      INVESCO SENIOR SECURED
                                    MANAGEMENT, INC., AS
                                    INVESTMENT ADVISOR

                           By:
                                -----------------------------
                                Name:
                                Title:

<PAGE>

                           UNION BANK OF CALIFORNIA, N.A.

                           By:   /s/ Buddy Montgomery
                                -----------------------------
                                Title: Vice President

<PAGE>

                           VAN KAMPEN PRIME RATE INCOME TRUST

                           By:  Van Kampen Investment Advisory Corp.

                           By:  /s/  Darvin D. Pierce
                                -----------------------------
                                Title:  Vice President

<PAGE>

                           WACHOVIA BANK, N.A.

                           By:  /s/  Debra L. Coheley
                                -----------------------------
                                Title:  Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}]]