<PAGE>
EXHIBIT 10.1
EXECUTION COPY
FIRST AMENDMENT AND WAIVER AGREEMENT
THIS FIRST AMENDMENT AND WAIVER AGREEMENT, dated as of the 9/th/ day
of February, 2000 (this "Agreement"), is made by and among AMERICAN TOWER, L.P.,
---------
a Delaware corporation, AMERICAN TOWERS, INC., a Delaware limited partnership,
ATC TELEPORTS, INC., a Delaware corporation (collectively, the "Borrowers"), THE
---------
FINANCIAL INSTITUTIONS SIGNATORIES HERETO and TORONTO DOMINION (TEXAS), INC., as
administrative agent (in such capacity, the "Administrative Agent").
--------------------
W I T N E S S E T H:
-------------------
WHEREAS, the Borrowers, the Lenders (as defined therein), the Issuing
Bank (as defined therein) and the Administrative Agent are all parties to that
certain Amended and Restated Loan Agreement dated as of January 6, 2000 (as
amended, modified, restated and supplemented from time to time, the "Loan
----
Agreement"); and
---------
WHEREAS, the Borrowers have requested an amendment and waiver of
certain provisions of the Loan Agreement and, subject to the terms and
conditions set forth herein, the Lenders and the Administrative Agent are
willing to amend and waive certain provisions of the Loan Agreement as more
specifically set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree that all capitalized terms
used and not defined herein shall have the meanings ascribed to such terms in
the Loan Agreement, and further hereby agree as follows:
1. Amendment to Article 1. Article 1 of the Loan Agreement
----------------------
(Definitions) is hereby amended by deleting the definition of "Convertible
------------ -----------
Notes" and substituting in lieu thereof the following:
" 'Convertible Notes' " shall mean, collectively, (a) the
-------------------
$300,000,000.00 6.25% Convertible Notes Due 2009 issued pursuant to
that certain Indenture dated October 4, 1999 of the Parent, with The
Bank of New York as Trustee, (b) the $425,500,000.00 2.25% Convertible
Notes Due 2009 issued pursuant to that certain Indenture dated October
4, 1999 of the Parent, with The Bank of New York as Trustee and (c)
the 5.00% Convertible Notes Due 2010 in an amount not to exceed
$450,000,000.00, issued pursuant to an indenture dated on or prior to
February 28, 2000 of the Parent."
2. Waivers.
--------
(a) Waiver of Sections 2.5 and 2.7. The Borrowers request that the
------------------------------
Majority Lenders waive certain provisions of Sections 2.5 and 2.7 with respect
to certain Capital Raise Proceeds.
<PAGE>
The Majority Lenders hereby waive the requirements in subsection 2.5(d)
(Reduction From Sale of Capital Stock and Debt Instruments) and subsection
---------------------------------------------------------
2.7(b)(v) (Sale of Capital Stock and Debt Instruments) of the Loan Agreement
------------------------------------------
solely with respect to reductions of the Commitments and repayments of the
Obligations required thereunder upon receipt by the Parent of any Capital Raise
Proceeds from the issuance of Convertible Notes after the Agreement Date (and
the contemporaneous contribution to the capital of the Borrowers of such Capital
Raise Proceeds exclusive of amounts held as Interest Reserve as described in
Section 2(b) hereof).
(b) Waiver of Section 8.1. The Borrowers request the Majority Lenders
---------------------
waive certain provisions of Section 8.1 (Events of Default) with respect to the
-----------------
issuance of certain Convertible Notes by the Parent. The Majority Lenders
hereby waive the requirement in subsection 8.1(q) solely with respect to the
proceeds of the issuance of Convertible Notes after the Agreement Date;
provided, however, that the Parent contribute as equity to the Borrowers an
-------- -------
amount equal to the net cash proceeds thereof less an amount equal to scheduled
payments of interest on such Convertible Notes through October 15, 2001, which
amount shall be placed in an escrow account on terms and conditions
substantially similar to the Interest Reserve and shall be deemed to be Interest
Reserve for all purposes under the Loan Agreement.
3. No Other Amendment or Waiver. Except for the amendments, waivers
----------------------------
and consents set forth above, the text of the Loan Agreement and all other Loan
Documents shall remain unchanged and in full force and effect. No amendment or
waiver by the Administrative Agent, the Issuing Bank or the Lenders under the
Loan Agreement or any other Loan Document is granted or intended except as
expressly set forth herein, and the Administrative Agent, the Issuing Bank and
the Lenders expressly reserve the right to require strict compliance in all
other respects (whether or not in connection with any Requests for Advance).
Except as set forth herein, the amendments and waivers agreed to herein shall
not constitute a modification of the Loan Agreement or any of the other Loan
Documents, or a course of dealing with the Administrative Agent, the Issuing
Bank and the Lenders at variance with the Loan Agreement or any of the other
Loan Documents, such as to require further notice by the Administrative Agent,
the Issuing Bank, the Lenders or the Majority Lenders to require strict
compliance with the terms of the Loan Agreement and the other Loan Documents in
the future.
4. Condition Precedent. The effectiveness of this Agreement is
-------------------
subject to receipt by the Administrative Agent of executed signature pages to
this Agreement from the Majority Lenders.
5. Counterparts. This Agreement may be executed in any number of
------------
counterparts, each of which shall be deemed to be an original, but all such
separate counterparts shall together constitute but one and the same instrument.
6. Governing Law. This Agreement shall be construed in accordance
-------------
with and governed by the laws of the State of New York.
-2-
<PAGE>
7. Severability. Any provision of this Agreement which is prohibited
------------
or unenforceable shall be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof in that
jurisdiction or affecting the validity or enforceability of such provision in
any other jurisdiction.
-3-
<PAGE>
IN WITNESS WHEREOF, the parties hereto have executed this Agreement or
caused it to be executed by their duly authorized officers, all as of the day
and year first above written.
BORROWERS: AMERICAN TOWER, L.P., a Delaware limited partnership
By ATC GP INC., its General Partner
By: /s/ Justin D. Benincasa
-----------------------------------------------
Title: Vice President/Corporate Controller
---------------------------------------
AMERICAN TOWERS, INC., a Delaware corporation
By: /s/ Justin D. Benincasa
-----------------------------------------------
Title: Vice President/Corporate Controller
---------------------------------------
ATC TELEPORTS, INC., a Delaware corporation
By: /s/ Justin D. Benincasa
-----------------------------------------------
Title: Vice President/Corporate Controller
---------------------------------------
<PAGE>
ADMINISTRATIVE AGENT
AND LENDERS: TORONTO DOMINION (TEXAS), INC., as Administrative
Agent, for itself, the Issuing Bank and the Lenders, as
Issuing Bank and as a Lender
By: /s/ Jeffery R. Lants
-------------------------------------------
Title: Vice President
----------------------------------------
<PAGE>
THE BANK OF NEW YORK, as a Lender
By: /s/ Geoffrey C. Brooks
----------------------------------------------
Title: Vice President
----------------------------------------
<PAGE>
THE CHASE MANHATTAN BANK, as a Lender
By: /s/ William E. Rottino
----------------------------------------------
Title: Vice President
-----------------------------------------
<PAGE>
CREDIT SUISSE FIRST BOSTON, as Lender
By: /s/ Joel Glodowski
---------------------------------------------
Title: Managing Director
---------------------------------------
By: /s/ Jeffrey B. Ulmer
---------------------------------------------
Title: Vice President
---------------------------------------
<PAGE>
ALLFIRST BANK, as a Lender
By: /s/ W. Blake Hampson
-----------------------------------------------
Title: Vice President
-----------------------------------------
<PAGE>
ALLSTATE INSURANCE COMPANY, as a Lender
By: _____________________________________________
Title: ______________________________________
By: _____________________________________________
Title: ______________________________________
ALLSTATE LIFE INSURANCE COMPANY, as a Lender
By: _____________________________________________
Title: ______________________________________
By: _____________________________________________
Title: ______________________________________
<PAGE>
AMARA-2 FINANCE, LTD., as a Lender
By: INVESCO Senior Secured Management, Inc., as
Subadvisor
By: /s/ Kathleen A. Lenarcic
--------------------------------------
Title: Authorized Signatory
--------------------------------
AVALON CAPITAL LTD., as a Lender
By: INVESCO Senior Secured Management, Inc., as
Portfolio Advisor
By: /s/ Kathleen A. Lenarcic
--------------------------------------
Title: Authorized Signatory
--------------------------------
<PAGE>
ARCHIMEDES FUNDING, L.L.C., as a Lender
By: ING Capital Advisors LLC, as Collateral Manager
By: /s/ Michael D. Hatley
---------------------------------------
Title: Managing Director
---------------------------------
ARCHIMEDES FUNDING II, LTD., as a Lender
By: ING Capital Advisors LLC, as Collateral Manager
By: /s/ Michael D. Hatley
--------------------------------------
Title: Managing Director
--------------------------------
ARCHIMEDES FUNDING III, LTD., as a Lender
By: ING Capital Advisors LLC, as Collateral Manager
By: /s/ Michael D. Hatley
--------------------------------------
Title: Managing Director
--------------------------------
THE ING CAPITAL SENIOR SECURED HIGH
INCOME FUND, L.P., as Assignee
By: ING Capital Advisors LLC, as Investment Advisor
By: /s/ Michael D. Hatley
--------------------------------------
Title: Managing Director
--------------------------------
<PAGE>
ING HIGH INCOME PRINCIPAL PRESERVATION
FUND HOLDINGS, LDC, as Assignee
By: ING Capital Advisors LLC, as Investment Advisor
By: /s/ Michael D. Hatley
--------------------------------------
Title: Managing Director
--------------------------------
SEQUILS-ING I (HBDGM), LTD., as Assignee
By: ING Capital Advisors LLC, as Collateral Manager
By: /s/ Michael D. Hatley
-------------------------------------
Title: Managing Director
-------------------------------
<PAGE>
ATHENA CDO, LIMITED, as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
BEDFORD CDO, LIMITED, as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
CAPTIVA IV FINANCE LTD., as a Lender
As advised by Pacific Investment Management Company
By: _______________________________________
Title:_________________________________
CATALINA CDO LTD., as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
<PAGE>
DELANO COMPANY, as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
ENHANCED BOND INDEX FUND SA31 (ACCT 138), as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor, acting through The Chase Manhattan
Bank in the Nominee Name of Atwell & Co.
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
LUCENT TECHNOLOGIES INC. MASTER PENSION TRUST (ACCT
963), as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor, acting through The Northern Trust
Company in the Nominee Name of How & Co.
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
ROYALTON COMPANY, as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor
By: /s/ Mohan V. Phansalkar
---------------------------------------
Title: Senior Vice President
---------------------------------
<PAGE>
TRIGON HEALTHCARE INC. (ACCT 674), as a Lender
By: Pacific Investment Management Company, as its
Investment Advisor, acting through The Bank of New York
in the Nominee Name of Hare & Co.
By: /s/ Mohan V. Phansalkar
-----------------------------------------
Title: Senior Vice President
-----------------------------------
<PAGE>
ARES III CLO LTD., as a Lender
By: ARES CLO Management LLC
By: /s/ David A. Sachs
--------------------------------------------
Title: Vice President
--------------------------------------
<PAGE>
BALANCED HIGH YIELD FUND I LTD., as a Lender
By: BHF (USA) Capital Corporation
Acting as Attorney-in-Fact
By: /s/ Dan Dobrjanskyj
-------------------------------------------
Title: Assistant Vice President
-------------------------------------
By: /s/ Christopher Dugger
-------------------------------------------
Title: Associate
-------------------------------------
BALANCED HIGH YIELD FUND II, LTD., as a Lender
By: BHF (USA) Capital Corporation
Acting as Attorney-in-Fact
By: /s/ Dan Dobrjanskyj
------------------------------------------
Title: Assistant Vice President
------------------------------------
By: /s/ Christopher Dugger
------------------------------------------
Title: Associate
------------------------------------
<PAGE>
BANK OF AMERICA, N.A., as a Lender
By:___________________________________________
Title: ____________________________________
<PAGE>
BANK OF MONTREAL, as a Lender
By: /s/ Sarah Kim
-----------------------------------------
Title: Director
-----------------------------------
<PAGE>
THE BANK OF NOVA SCOTIA, as a Lender
By: /s/ Paul A. Weissenberger
-----------------------------------
Title: Director
-----------------------------
<PAGE>
BANK OF SCOTLAND, as a Lender
By: /s/ Annie Glynn
--------------------------------------
Title: Senior Vice President
--------------------------------
<PAGE>
BANK UNITED, as a Lender
By:_____________________________________
Title: _____________________________
<PAGE>
BANKERS TRUST COMPANY, as a Lender
By: /s/ Gregory Shefrin
-------------------------------------
Title: Principal
-------------------------------
<PAGE>
BAYERISCHE HYPO- UND VEREINSBANK AG, NEW YORK BRANCH,
as a Lender
By: /s/ Eric N. Pelletier
---------------------------------------
Title: Director
---------------------------------
By: /s/ Ivana Albanese-Rizzo
---------------------------------------
Title: Director
---------------------------------
<PAGE>
BEAR STEARNS CORPORATE LENDING INC., as a Lender
By: /s/ Mark Lies
------------------------------------
Title: Senior Managing Director
------------------------------
<PAGE>
CANADIAN IMPERIAL BANK OF COMMERCE, as a Lender
By: ____________________________________
Title: _____________________________
<PAGE>
CARAVELLE INVESTMENT FUND, L.L.C., as a Lender
By: Caravelle Advisors L.L.C.
By: /s/ Dean Criares
--------------------------------------
Title:____________________________________
<PAGE>
CARLYLE HIGH YIELD PARTNER II, LTD., as a Lender
By: ______________________________________
Title:_______________________________
<PAGE>
COBANK, ACB, as a Lender
By: /s/ Anita Youngblut
--------------------------------------
Title: Vice President
--------------------------------
<PAGE>
COOPERATIEVE CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A., "RABOBANK
NEDERLAND", NEW YORK BRANCH
By: /s/ Douglas W. Zylstra
--------------------------------------
Title: Senior Vice President
--------------------------------
By: /s/ N. J. O'Connor
--------------------------------------
Title: Vice President
--------------------------------
<PAGE>
THE CIT GROUP/EQUIPMENT FINANCING , INC., as a Lender
By: /s/ Daniel E.A. Nichols
----------------------------------------------
Title: Assistant Vice President
----------------------------------------
<PAGE>
CITICORP USA, INC., as a Lender
By: /s/ F. Rockwell Lowe
---------------------------------------------
Title: VP
---------------------------------------
CITIBANK, N.A., as a Lender
By: /s/ F. Rockwell Lowe
--------------------------------------------
Title: VP
--------------------------------------
<PAGE>
CREDIT LOCAL DE FRANCE - NEW YORK AGENCY, as a Lender
By: _____________________________________________
Title: _______________________________________
By: _____________________________________________
Title: _______________________________________
<PAGE>
CREDIT LYONNAIS NEW YORK BRANCH, as a Lender
By: /s/ Mark Campellone
-------------------------------------------
Title: FVP
-------------------------------------
<PAGE>
CYPRESSTREE INVESTMENT FUND, LLC, as a Lender
By: CypressTree Investment Management Company, Inc.,
its Managing Member
By: /s/ Philip C. Robbins
--------------------------------------------
Title: Principal
-------------------------------------
CYPRESSTREE SENIOR FLOATING RATE FUND, as a Lender
By: CypressTree Investment Management Company, Inc., as
Portfolio Manager
By: /s/ Philip C. Robbins
-------------------------------------------
Title: Principal
------------------------------------
NORTH AMERICAN SENIOR FLOATING RATE FUND, as a Lender
By: CypressTree Investment Management Company, Inc., as
Portfolio Manager
By: /s/ Philip C. Robbins
-------------------------------------------
Title: Principal
-------------------------------------
<PAGE>
DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES,
as a Lender
By: /s/ Patrick A. Keleher
-------------------------------------------
Title: Vice President
-------------------------------------
By: /s/ Constance Loosemore
-------------------------------------------
Title: Assistant Vice President
-------------------------------------
<PAGE>
EATON VANCE INSTITUTIONAL SENIOR LOAN FUND, as a Lender
By: Eaton Vance Management, as Investment Advisor
By: /s/ Payson F. Swaffield
--------------------------------------------
Title: Vice President
--------------------------------------
EATON VANCE SENIOR INCOME TRUST, as a Lender
By: Eaton Vance Management, as Investment Advisor
By: /s/ Payson F. Swaffield
--------------------------------------------
Title: Vice President
--------------------------------------
SENIOR DEBT PORTFOLIO, as a Lender
By: Boston Management and Research, as Investment
Advisor
By: /s/ Payson F. Swaffield
--------------------------------------------
Title: Vice President
--------------------------------------
<PAGE>
ELC (CAYMAN) LTD., as a Lender
By: /s/ Thomas M. Finke
--------------------------------------------
Title: Managing Director
--------------------------------------
<PAGE>
ELT LTD., as a Lender
By:___________________________________________
Title:____________________________________
<PAGE>
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG, as a
Lender
By: /s/ John Fay
---------------------------------------------
Title: Assistant Vice President
---------------------------------------
Erste Bank New York Branch
By: /s/ John S. Runnion
---------------------------------------------
Title: First Vice President
--------------------
<PAGE>
FC-CBO II LIMITED, as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
FIRST DOMINION FUNDING III, as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
FIRST UNION NATIONAL BANK, as a Lender
By: /s/ Chris Kalambach
---------------------------------------------
Title: VP
---------------------------------------
<PAGE>
FLEET NATIONAL BANK, as a Lender
By: /s/ Amy B. Peder
---------------------------------------------
Title: AVP
---------------------------------------
<PAGE>
FRANKLIN FLOATING RATE TRUST, as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
THE FUJI BANK, LIMITED, as a Lender
By: /s/ John D. Doyle
--------------------------------------------
Title: Vice President & Manager
--------------------------------------
<PAGE>
GALAXY CLO 1999-1, LTD., as a Lender
By: SAI Investment Adviser, Inc.,
its Collateral Agent
By: /s/ Yvonne Stevens
------------------------------------------
Title: Authorized Agent
------------------------------------
<PAGE>
GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender
By: /s/ Mark F. Mylon
-------------------------------------------
Title: Manager - Operations
-------------------------------------
<PAGE>
GLENEAGLES TRADING LLC, as a Lender
By: _____________________________________________
Title: _______________________________________
OLYMPIC FUNDING TRUST, SERIES 1999-1, as a Lender
By: /s/ Kelly C. Walker
---------------------------------------------
Title: Authorized Agent
---------------------------------------
PPM SPYGLASS FUNDING TRUST, as a Lender
By: _____________________________________________
Title: _______________________________________
WINGED FOOT FUNDING TRUST, as a Lender
By: /s/ Kelly C. Walker
---------------------------------------------
Title: Authorized Agent
---------------------------------------
<PAGE>
HIGHLAND LEGACY LIMITED, as a Lender
By: Highland Capital Management, L.P.
as Collateral Manager
By: _____________________________________________
Title: _______________________________________
<PAGE>
HOWARD BANK, N.A., as a Lender
By: /s/ Michael W. Quinn
-----------------------------------------------
Title: Senior Vice President
-----------------------------------------
<PAGE>
IBM CREDIT CORPORATION, as a Lender
By: /s/ Ronald J. Bachner
----------------------------------------------
Title: Mgr. Com Financing Solutions
----------------------------------------
<PAGE>
INDOSUEZ CAPITAL FUNDING IV, L.P., as a Lender
By: Indosuez Capital Luxembourg, as Collateral Manager
By: _____________________________________________
Title: _______________________________________
<PAGE>
KEMPER FLOATING RATE FUND, as a Lender
By: /s/ Mark E. Wittnebel
---------------------------------------------
Title: Senior Vice President
---------------------------------------
<PAGE>
KEY CORPORATE CAPITAL INC., as a Lender
By: /s/ Amy Ciano
----------------------------------------------
Title: Vice President
----------------------------------------
<PAGE>
KZH III LLC, as a Lender
By: /s/ Susan Lee
----------------------------------------------
Title: Authorized Agent
----------------------------------------
KZH CYPRESSTREE-1 LLC, as a Lender
By: _____________________________________________
Title: _______________________________________
KZH ING-1 LLC, as a Lender
By: /s/ Susan Lee
--------------------------------------------
Title: Authorized Agent
--------------------------------------
KZH ING-2 LLC, as a Lender
By: /s/ Susan Lee
--------------------------------------------
Title: Authorized Agent
--------------------------------------
KZH ING-3 LLC, as a Lender
By: /s/ Susan Lee
--------------------------------------------
Title: Authorized Agent
--------------------------------------
<PAGE>
KZH LANGDALE LLC, as a Lender
By: /s/ Peter Chin
------------------------------------------
Title: Authorized Agent
------------------------------------
KZH RIVERSIDE LLC, as a Lender
By: /s/ Peter Chin
------------------------------------------
Title: Authorized Agent
------------------------------------
KZH SHOSHONE LLC, as a Lender
By: /s/ Peter Chin
-----------------------------------------
Title: Authorized Agent
-----------------------------------
KZH SOLEIL-2 LLC, as a Lender
By: /s/ Peter Chin
-----------------------------------------
Title: Authorized Agent
-----------------------------------
<PAGE>
LEHMAN COMMERCIAL PAPER INC., as a Lender
By: /s/ James P. Seery, Jr.
------------------------------------------
Title: Authorized Agent
------------------------------------
<PAGE>
LIBERTY-STEIN ROE ADVISOR FLOATING RATE
ADVANTAGE FUND, as a Lender
By: Stein Roe & Farnham Incorporated, As Advisor
By: /s/ Brian W. Good
---------------------------------------------
Title: Vice President & Portfolio Manager
---------------------------------------
STEIN ROE FLOATING RATE FUND LIMITED
LIABILITY COMPANY, as a Lender
By: /s/ Brian W. Good
--------------------------------------------
Title: Vice President & Portfolio Manager
--------------------------------------
Stein Roe & Farnham Incorporated,
as Advisor to the Stein Roe Floating Rate
Limited Liability Company
<PAGE>
MERRILL LYNCH GLOBAL INVESTMENT SERIES: INCOME
STRATEGIES PORTFOLIO, as a Lender
By: Merrill Lynch Asset Management, L.P., as
Investment Advisor
By: /s/ Joseph Matteo
-------------------------------------------
Title: Authorized Signatory
-------------------------------------
MERRILL LYNCH PRIME RATE PORTFOLIO, as a Lender
By: Merrill Lynch Asset Management, L.P., as
Investment Advisor
By: /s/ Joseph Matteo
--------------------------------------------
Title: Authorized Signatory
--------------------------------------
MERRILL LYNCH SENIOR FLOATING RATE FUND, INC., as a
Lender
By: /s/ Joseph Matteo
--------------------------------------------
Title: Authorized Signatory
--------------------------------------
MERRILL LYNCH SENIOR FLOATING RATE FUND II, INC., as a
Lender
By: /s/ Joseph Matteo
----------------------------------------------
Title: Authorized Signatory
----------------------------------------
<PAGE>
SENIOR HIGH INCOME PORTFOLIO, INC., as a Lender
By: /s/ Joseph Matteo
----------------------------------------------
Title: Authorized Signatory
----------------------------------------
DEBT STRATEGIES FUND, INC., as a Lender
By: /s/ Joseph Matteo
---------------------------------------------
Title: Authorized Signatory
---------------------------------------
DEBT STRATEGIES FUND II, INC., as a Lender
By: /s/ Joseph Matteo
----------------------------------------------
Title: Authorized Signatory
----------------------------------------
DEBT STRATEGIES FUND III, INC., as a Lender
By: /s/ Joseph Matteo
----------------------------------------------
Title: Authorized Signatory
----------------------------------------
<PAGE>
METROPOLITAN LIFE INSURANCE COMPANY, as a Lender
By: /s/ James R. Dingler
----------------------------------------------
Title: Director
----------------------------------------
<PAGE>
THE MITSUBISHI TRUST AND BANKING CORPORATION, as a
Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
MONUMENT CAPITAL LTD., as a Lender
By: Alliance Capital Management L.P., as Investment
Manager
By: Alliance Capital Management Corporation, as
General Partner
By: _____________________________________________
Title: _______________________________________
<PAGE>
MONY LIFE INSURANCE COMPANY, as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
MORGAN STANLEY DEAN WITTER PRIME INCOME TRUST, as a
Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
MOUNTAIN CAPITAL CLO I, LTD., as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
NATEXIS BANQUE, as a Lender
By: _____________________________________________
Title: _______________________________________
<PAGE>
NOMURA BOND & LOAN FUND, as a Lender
By: Nomura Corporate Research & Asset Management,
Inc., as Investment Advisor
By: /s/ Richard W. Stewart
-------------------------------------------
Title: Director
-------------------------------------
Title: Portfolio Manager
-----------------
<PAGE>
OCTAGON INVESTMENT PARTNERS II, LLC, as a Lender
By: Octagon Credit Investors, LLC, as sub-investment
manager
By: /s/ Andrew D. Gordon
----------------------------------------------
Title: Portfolio Manager
----------------------------------------
OCTAGON INVESTMENT PARTNERS III, LTD., as a Lender
By: Octagon Credit Investors, LLC, as Portfolio
Manager
By: /s/ Andrew D. Gordon
----------------------------------------------
Title: Portfolio Manager
----------------------------------------
<PAGE>
OPPENHEIMER SENIOR FLOATING RATE FUND, as a Lender
By: /s/ David Foxhoven
----------------------------------------------
Title: A.V.P.
----------------------------------------
<PAGE>
PILGRIM PRIME RATE TRUST, as a Lender
By: Pilgrim Investments, Inc., as its investment
manager
By: /s/ Elizabeth O. MacLean
----------------------------------------------
Title: Vice President
----------------------------------------
ML CLO XV PILGRIM AMERICA (CAYMAN) LTD., as a Lender
By: Pilgrim Investments, Inc., as its investment
manager
By: /s/ Elizabeth O. MacLean
-----------------------------------------------
Title: Vice President
-----------------------------------------
ML CLO XX PILGRIM AMERICA (CAYMAN) LTD., as a Lender
By: Pilgrim Investments, Inc., as its investment
manager
By: /s/ Elizabeth O. MacLean
-----------------------------------------------
Title: Vice President
-----------------------------------------
PILGRIM CLO 1999-1 LTD., as a Lender
By: Pilgrim Investments, Inc., as its investment
manager
By: /s/ Elizabeth O. MacLean
-----------------------------------------------
Title: Vice President
-----------------------------------------
<PAGE>
SEQUILS-PILGRIM 1, LTD., as a Lender
By: Pilgrim Investments, Inc., as its investment
manager
By: /s/ Elizabeth O. MacLean
-----------------------------------------------
Title: Vice President
-----------------------------------------
<PAGE>
PNC BANK, NATIONAL ASSOCIATION, as a Lender
By: /s/ Keith R. White
------------------------------------------------
Title: Vice President
------------------------------------------
<PAGE>
ROYAL BANK OF CANADA, as a Lender
By: /s/ Brian Schneider
----------------------------------------------
Title: Manager
----------------------------------------
<PAGE>
SANKATY HIGH YIELD PARTNERS II, L.P., as a Lender
By: /s/ Diane J. Exter
---------------------------------------------------
Title: Executive Vice President, Portfolio Manager
---------------------------------------------
GREAT POINT CLO 1999-1 LTD., as a Lender
By: /s/ Diane J. Exter
---------------------------------------------------
Title: Executive Vice President, Portfolio Manager
---------------------------------------------
<PAGE>
SUNTRUST BANK, as a Lender
By: /s/ W. David Wisdom
-------------------------------------------------
Title: Vice President
-------------------------------------------
<PAGE>
UNION BANK OF CALIFORNIA, N.A., as a Lender
By: /s/ Darren H. Miyata
-------------------------------------------------
Title: Assistant Vice President
-------------------------------------------
<PAGE>
US TRUST, as a Lender
By: ______________________________________________
Title: _______________________________________
<PAGE>
VAN KAMPEN SENIOR INCOME TRUST, as a Lender
By: Van Kampen Investment Advisory Corp.
By: /s/ Darvin D. Pierce
-----------------------------------------------
Title: Vice President
-----------------------------------------
<PAGE>
WEBSTER BANK, as a Lender
By: _______________________________________________
Title: ________________________________________
