☒
|
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
☐
|
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Georgia
|
|
58-2567903
|
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. Employer
Identification No.) |
3550 Lenox Road, Atlanta, Georgia
|
|
30326
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Large accelerated filer ☒
|
|
Accelerated filer ☐
|
Non-accelerated filer ☐ (Do not check if a smaller reporting company)
|
|
Smaller reporting company ☐
|
|
|
Emerging growth company ☐
|
|
Yes ☐ No ☒
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|
|
|
|
Page
|
PART I - FINANCIAL INFORMATION
|
|||
ITEM 1.
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
ITEM 2.
|
|
||
ITEM 3.
|
|
||
ITEM 4.
|
|
||
PART II - OTHER INFORMATION
|
|||
ITEM 1.
|
|
||
ITEM 1A.
|
|
||
ITEM 2.
|
|
||
ITEM 6.
|
|
||
|
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
|
|
|
|
||||
Revenues
|
$
|
794,977
|
|
|
$
|
919,762
|
|
Operating expenses:
|
|
|
|
||||
Cost of service
|
252,386
|
|
|
455,936
|
|
||
Selling, general and administrative
|
386,421
|
|
|
358,856
|
|
||
|
638,807
|
|
|
814,792
|
|
||
Operating income
|
156,170
|
|
|
104,970
|
|
||
|
|
|
|
||||
Interest and other income
|
11,694
|
|
|
1,607
|
|
||
Interest and other expense
|
(45,605
|
)
|
|
(41,297
|
)
|
||
|
(33,911
|
)
|
|
(39,690
|
)
|
||
Income before income taxes
|
122,259
|
|
|
65,280
|
|
||
Provision for income taxes
|
(24,673
|
)
|
|
(12,321
|
)
|
||
Net income
|
97,586
|
|
|
52,959
|
|
||
Less: Net income attributable to noncontrolling interests, net of income tax
|
(6,187
|
)
|
|
(4,146
|
)
|
||
Net income attributable to Global Payments
|
$
|
91,399
|
|
|
$
|
48,813
|
|
|
|
|
|
||||
Earnings per share attributable to Global Payments:
|
|
|
|
||||
Basic earnings per share
|
$
|
0.57
|
|
|
$
|
0.32
|
|
Diluted earnings per share
|
$
|
0.57
|
|
|
$
|
0.32
|
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
|
|
|
|
||||
Net income
|
$
|
97,586
|
|
|
$
|
52,959
|
|
Other comprehensive income:
|
|
|
|
||||
Foreign currency translation adjustments
|
13,324
|
|
|
34,336
|
|
||
Income tax benefit related to foreign currency translation adjustments
|
399
|
|
|
—
|
|
||
Unrealized gains on hedging activities
|
7,682
|
|
|
827
|
|
||
Reclassification of net unrealized (gains) losses on hedging activities to interest expense
|
(169
|
)
|
|
1,596
|
|
||
Income tax provision related to hedging activities
|
(1,865
|
)
|
|
(910
|
)
|
||
Other, net
|
(52
|
)
|
|
(217
|
)
|
||
Other comprehensive income, net of tax
|
19,319
|
|
|
35,632
|
|
||
|
|
|
|
||||
Comprehensive income
|
116,905
|
|
|
88,591
|
|
||
Less: comprehensive income attributable to noncontrolling interests
|
(17,480
|
)
|
|
(4,867
|
)
|
||
Comprehensive income attributable to Global Payments
|
$
|
99,425
|
|
|
$
|
83,724
|
|
|
March 31, 2018
|
|
December 31, 2017
|
||||
|
(Unaudited)
|
|
|
||||
ASSETS
|
|
|
|
|
|||
Current assets:
|
|
|
|
|
|||
Cash and cash equivalents
|
$
|
1,005,823
|
|
|
$
|
1,335,855
|
|
Accounts receivable, net of allowances for doubtful accounts of $1,949 and $1,827, respectively
|
288,101
|
|
|
301,887
|
|
||
Settlement processing assets
|
2,650,113
|
|
|
2,459,292
|
|
||
Prepaid expenses and other current assets
|
213,841
|
|
|
206,545
|
|
||
Total current assets
|
4,157,878
|
|
|
4,303,579
|
|
||
Goodwill
|
5,714,945
|
|
|
5,703,992
|
|
||
Other intangible assets, net
|
2,096,261
|
|
|
2,181,707
|
|
||
Property and equipment, net
|
599,774
|
|
|
588,348
|
|
||
Deferred income taxes
|
11,420
|
|
|
13,146
|
|
||
Other noncurrent assets
|
323,019
|
|
|
207,297
|
|
||
Total assets
|
$
|
12,903,297
|
|
|
$
|
12,998,069
|
|
LIABILITIES AND EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Settlement lines of credit
|
$
|
447,617
|
|
|
$
|
635,166
|
|
Current portion of long-term debt
|
107,479
|
|
|
100,308
|
|
||
Accounts payable and accrued liabilities
|
1,039,379
|
|
|
1,039,607
|
|
||
Settlement processing obligations
|
2,314,444
|
|
|
2,040,509
|
|
||
Total current liabilities
|
3,908,919
|
|
|
3,815,590
|
|
||
Long-term debt
|
4,176,851
|
|
|
4,559,408
|
|
||
Deferred income taxes
|
452,470
|
|
|
436,879
|
|
||
Other noncurrent liabilities
|
225,267
|
|
|
220,961
|
|
||
Total liabilities
|
8,763,507
|
|
|
9,032,838
|
|
||
Commitments and contingencies
|
|
|
|
|
|
||
Equity:
|
|
|
|
||||
Preferred stock, no par value; 5,000,000 shares authorized and none issued
|
—
|
|
|
—
|
|
||
Common stock, no par value; 200,000,000 shares authorized; 159,532,631 issued and outstanding at March 31, 2018 and 159,180,317 issued and outstanding at December 31, 2017
|
—
|
|
|
—
|
|
||
Paid-in capital
|
2,390,022
|
|
|
2,379,774
|
|
||
Retained earnings
|
1,738,545
|
|
|
1,597,897
|
|
||
Accumulated other comprehensive loss
|
(176,961
|
)
|
|
(183,144
|
)
|
||
Total Global Payments shareholders’ equity
|
3,951,606
|
|
|
3,794,527
|
|
||
Noncontrolling interests
|
188,184
|
|
|
170,704
|
|
||
Total equity
|
4,139,790
|
|
|
3,965,231
|
|
||
Total liabilities and equity
|
$
|
12,903,297
|
|
|
$
|
12,998,069
|
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
Cash flows from operating activities:
|
|
|
|
||||
Net income
|
$
|
97,586
|
|
|
$
|
52,959
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Depreciation and amortization of property and equipment
|
33,918
|
|
|
24,984
|
|
||
Amortization of acquired intangibles
|
87,825
|
|
|
84,049
|
|
||
Share-based compensation expense
|
14,898
|
|
|
8,816
|
|
||
Provision for operating losses and bad debts
|
9,237
|
|
|
13,482
|
|
||
Amortization of capitalized contract costs
|
10,213
|
|
|
8,948
|
|
||
Deferred income taxes
|
910
|
|
|
(19,391
|
)
|
||
Other, net
|
(1,937
|
)
|
|
4,692
|
|
||
Changes in operating assets and liabilities, net of the effects of acquisitions:
|
|
|
|
||||
Accounts receivable
|
13,050
|
|
|
11,929
|
|
||
Settlement processing assets and obligations, net
|
82,235
|
|
|
122,948
|
|
||
Prepaid expenses and other assets
|
(56,906
|
)
|
|
(6,472
|
)
|
||
Accounts payable and other liabilities
|
(6,488
|
)
|
|
(12,979
|
)
|
||
Net cash provided by operating activities
|
284,541
|
|
|
293,965
|
|
||
Cash flows from investing activities:
|
|
|
|
||||
Capital expenditures
|
(43,775
|
)
|
|
(46,219
|
)
|
||
Other, net
|
(1,586
|
)
|
|
(422
|
)
|
||
Net cash used in investing activities
|
(45,361
|
)
|
|
(46,641
|
)
|
||
Cash flows from financing activities:
|
|
|
|
||||
Net repayments of settlement lines of credit
|
(192,517
|
)
|
|
(117,789
|
)
|
||
Proceeds from long-term debt
|
309,000
|
|
|
149,000
|
|
||
Repayments of long-term debt
|
(687,820
|
)
|
|
(189,732
|
)
|
||
Payment of debt issuance costs
|
(586
|
)
|
|
(896
|
)
|
||
Proceeds from stock issued under share-based compensation plans
|
2,613
|
|
|
1,149
|
|
||
Common stock repurchased - share-based compensation plans
|
(1,058
|
)
|
|
(167
|
)
|
||
Distributions to noncontrolling interests
|
—
|
|
|
(8
|
)
|
||
Dividends paid
|
(1,593
|
)
|
|
(1,522
|
)
|
||
Net cash used in financing activities
|
(571,961
|
)
|
|
(159,965
|
)
|
||
Effect of exchange rate changes on cash
|
2,749
|
|
|
11,707
|
|
||
Increase (decrease) in cash and cash equivalents
|
(330,032
|
)
|
|
99,066
|
|
||
Cash and cash equivalents, beginning of the period
|
1,335,855
|
|
|
1,162,779
|
|
||
Cash and cash equivalents, end of the period
|
$
|
1,005,823
|
|
|
$
|
1,261,845
|
|
|
Number of Shares
|
|
Paid-in Capital
|
|
Retained Earnings
|
|
Accumulated Other Comprehensive Loss
|
|
Total Global Payments Shareholders’ Equity
|
|
Noncontrolling Interests
|
|
Total Equity
|
|||||||||||||
Balance at December 31, 2017
|
159,180
|
|
|
$
|
2,379,774
|
|
|
$
|
1,597,897
|
|
|
$
|
(183,144
|
)
|
|
$
|
3,794,527
|
|
|
$
|
170,704
|
|
|
$
|
3,965,231
|
|
Net income
|
|
|
|
|
91,399
|
|
|
|
|
91,399
|
|
|
6,187
|
|
|
97,586
|
|
|||||||||
Other comprehensive income, net of tax
|
|
|
|
|
|
|
8,026
|
|
|
8,026
|
|
|
11,293
|
|
|
19,319
|
|
|||||||||
Stock issued under share-based compensation plans
|
418
|
|
|
2,613
|
|
|
|
|
|
|
2,613
|
|
|
|
|
2,613
|
|
|||||||||
Common stock repurchased - share-based compensation plans
|
(56
|
)
|
|
(6,411
|
)
|
|
|
|
|
|
|
(6,411
|
)
|
|
|
|
(6,411
|
)
|
||||||||
Share-based compensation expense
|
|
|
14,898
|
|
|
|
|
|
|
14,898
|
|
|
|
|
14,898
|
|
||||||||||
Cumulative effect of adoption of new accounting standard
|
|
|
|
|
50,970
|
|
|
(1,843
|
)
|
|
49,127
|
|
|
|
|
49,127
|
|
|||||||||
Repurchase of common stock
|
(9
|
)
|
|
(852
|
)
|
|
(128
|
)
|
|
|
|
(980
|
)
|
|
|
|
(980
|
)
|
||||||||
Dividends paid ($0.01 per share)
|
|
|
|
|
(1,593
|
)
|
|
|
|
(1,593
|
)
|
|
|
|
(1,593
|
)
|
||||||||||
Balance at March 31, 2018
|
159,533
|
|
|
$
|
2,390,022
|
|
|
$
|
1,738,545
|
|
|
$
|
(176,961
|
)
|
|
$
|
3,951,606
|
|
|
$
|
188,184
|
|
|
$
|
4,139,790
|
|
|
Number of Shares
|
|
Paid-in Capital
|
|
Retained Earnings
|
|
Accumulated Other Comprehensive Loss
|
|
Total Global Payments Shareholders’ Equity
|
|
Noncontrolling Interests
|
|
Total Equity
|
|||||||||||||
Balance at December 31, 2016
|
152,186
|
|
|
$
|
1,816,278
|
|
|
$
|
1,137,230
|
|
|
$
|
(322,717
|
)
|
|
$
|
2,630,791
|
|
|
$
|
148,551
|
|
|
$
|
2,779,342
|
|
Net income
|
|
|
|
|
48,813
|
|
|
|
|
48,813
|
|
|
4,146
|
|
|
52,959
|
|
|||||||||
Other comprehensive income, net of tax
|
|
|
|
|
|
|
34,911
|
|
|
34,911
|
|
|
721
|
|
|
35,632
|
|
|||||||||
Stock issued under share-based compensation plans
|
318
|
|
|
1,149
|
|
|
|
|
|
|
|
1,149
|
|
|
|
|
1,149
|
|
||||||||
Common stock repurchased - share-based compensation plans
|
(1
|
)
|
|
(77
|
)
|
|
|
|
|
|
(77
|
)
|
|
|
|
(77
|
)
|
|||||||||
Share-based compensation expense
|
|
|
8,816
|
|
|
|
|
|
|
8,816
|
|
|
|
|
8,816
|
|
||||||||||
Dissolution of a subsidiary
|
|
|
|
|
|
7,998
|
|
|
|
|
7,998
|
|
|
(7,998
|
)
|
|
—
|
|
||||||||
Distributions to noncontrolling interest
|
|
|
|
|
|
|
|
|
—
|
|
|
(8
|
)
|
|
(8
|
)
|
||||||||||
Dividends paid ($0.01 per share)
|
|
|
|
|
(1,522
|
)
|
|
|
|
(1,522
|
)
|
|
|
|
(1,522
|
)
|
||||||||||
Balance at March 31, 2017
|
152,503
|
|
|
$
|
1,826,166
|
|
|
$
|
1,192,519
|
|
|
$
|
(287,806
|
)
|
|
$
|
2,730,879
|
|
|
$
|
145,412
|
|
|
$
|
2,876,291
|
|
|
|
As Reported
|
|
Effects of New Accounting Standard
|
|
Without Effects of New Accounting Standard
|
||||||
|
|
|
|
|
|
|
||||||
|
|
(in thousands)
|
||||||||||
Statement of Income Items
|
|
|
|
|
|
|
||||||
Revenues
(1)
|
|
$
|
794,977
|
|
|
$
|
250,593
|
|
|
$
|
1,045,570
|
|
Cost of service
(2)
|
|
252,386
|
|
|
236,919
|
|
|
489,305
|
|
|||
Selling, general and administrative expenses
(3)
|
|
386,421
|
|
|
23,821
|
|
|
410,242
|
|
|||
Provision for income taxes
|
|
(24,673
|
)
|
|
2,289
|
|
|
(22,384
|
)
|
|||
|
|
|
|
|
|
|
|
|
||||
Balance Sheet Items
|
|
|
|
|
|
|
||||||
Assets:
|
|
|
|
|
|
|
||||||
Accounts receivable, net of allowances for doubtful accounts
|
|
$
|
288,101
|
|
|
$
|
(1,436
|
)
|
|
$
|
286,665
|
|
Prepaid expenses and other current assets
|
|
213,841
|
|
|
485
|
|
|
214,326
|
|
|||
Deferred income taxes
|
|
11,420
|
|
|
1,103
|
|
|
12,523
|
|
|||
Other noncurrent assets
(4)
|
|
323,019
|
|
|
(73,247
|
)
|
|
249,772
|
|
|||
|
|
|
|
|
|
|
||||||
Liabilities:
|
|
|
|
|
|
|
||||||
Accounts payable and accrued liabilities
|
|
$
|
1,039,379
|
|
|
$
|
(156
|
)
|
|
$
|
1,039,223
|
|
Deferred income taxes
(5)
|
|
452,470
|
|
|
(15,735
|
)
|
|
436,735
|
|
|||
Other noncurrent liabilities
|
|
225,267
|
|
|
(465
|
)
|
|
224,802
|
|
|||
|
|
|
|
|
|
|
||||||
Shareholders' Equity:
|
|
|
|
|
|
|
||||||
Retained earnings
(6)
|
|
$
|
1,738,545
|
|
|
$
|
(58,734
|
)
|
|
$
|
1,679,811
|
|
Accumulated other comprehensive loss
|
|
(176,961
|
)
|
|
1,995
|
|
|
(174,966
|
)
|
Cash consideration paid to ACTIVE Network stockholders
|
$
|
599,497
|
|
Fair value of Global Payments common stock issued to ACTIVE Network stockholders
|
572,079
|
|
|
|
$
|
1,171,576
|
|
|
December 31, 2017
|
|
Measurement- Period Adjustments
|
|
March 31, 2018
|
||||||
|
(in thousands)
|
||||||||||
Cash and cash equivalents
|
$
|
42,913
|
|
|
$
|
—
|
|
|
$
|
42,913
|
|
Property and equipment
|
21,985
|
|
|
(133
|
)
|
|
21,852
|
|
|||
Identified intangible assets
|
410,545
|
|
|
—
|
|
|
410,545
|
|
|||
Other assets
|
87,240
|
|
|
(142
|
)
|
|
87,098
|
|
|||
Deferred income taxes
|
(31,643
|
)
|
|
—
|
|
|
(31,643
|
)
|
|||
Other liabilities
|
(144,132
|
)
|
|
(387
|
)
|
|
(144,519
|
)
|
|||
Total identifiable net assets
|
386,908
|
|
|
(662
|
)
|
|
386,246
|
|
|||
Goodwill
|
784,668
|
|
|
662
|
|
|
785,330
|
|
|||
Total purchase consideration
|
$
|
1,171,576
|
|
|
$
|
—
|
|
|
$
|
1,171,576
|
|
|
Estimated Fair Values
|
|
Weighted-Average Estimated Amortization Periods
|
||
|
|
|
|
||
|
(in thousands)
|
|
(years)
|
||
|
|
|
|
||
Customer-related intangible assets
|
$
|
189,000
|
|
|
17
|
Acquired technology
|
153,300
|
|
|
9
|
|
Trademarks and trade names
|
59,400
|
|
|
15
|
|
Covenants-not-to-compete
|
8,845
|
|
|
3
|
|
Total estimated acquired intangible assets
|
$
|
410,545
|
|
|
13
|
|
March 31, 2018
|
|
December 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Settlement processing assets:
|
|
|
|
||||
Interchange reimbursement
|
$
|
288,551
|
|
|
$
|
304,964
|
|
Receivable from members
|
27,563
|
|
|
104,339
|
|
||
Receivable from networks
|
2,340,677
|
|
|
2,055,390
|
|
||
Exception items
|
9,004
|
|
|
7,867
|
|
||
Merchant reserves
|
(15,682
|
)
|
|
(13,268
|
)
|
||
|
$
|
2,650,113
|
|
|
$
|
2,459,292
|
|
|
|
|
|
||||
Settlement processing obligations:
|
|
|
|
||||
Interchange reimbursement
|
$
|
91,873
|
|
|
$
|
72,053
|
|
Liability to members
|
(20,791
|
)
|
|
(20,369
|
)
|
||
Liability to merchants
|
(2,249,416
|
)
|
|
(1,961,107
|
)
|
||
Exception items
|
7,709
|
|
|
6,863
|
|
||
Merchant reserves
|
(139,587
|
)
|
|
(133,907
|
)
|
||
Reserve for operating losses and sales allowances
|
(4,232
|
)
|
|
(4,042
|
)
|
||
|
$
|
(2,314,444
|
)
|
|
$
|
(2,040,509
|
)
|
|
March 31, 2018
|
|
December 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Goodwill
|
$
|
5,714,945
|
|
|
$
|
5,703,992
|
|
Other intangible assets:
|
|
|
|
||||
Customer-related intangible assets
|
$
|
2,083,957
|
|
|
$
|
2,078,891
|
|
Acquired technologies
|
723,898
|
|
|
722,466
|
|
||
Trademarks and trade names
|
247,455
|
|
|
247,688
|
|
||
Contract-based intangible assets
|
138,088
|
|
|
171,522
|
|
||
|
3,193,398
|
|
|
3,220,567
|
|
||
Less accumulated amortization:
|
|
|
|
||||
Customer-related intangible assets
|
736,588
|
|
|
685,869
|
|
||
Acquired technologies
|
241,797
|
|
|
210,063
|
|
||
Trademarks and trade names
|
58,773
|
|
|
50,849
|
|
||
Contract-based intangible assets
|
59,979
|
|
|
92,079
|
|
||
|
1,097,137
|
|
|
1,038,860
|
|
||
|
$
|
2,096,261
|
|
|
$
|
2,181,707
|
|
|
North America
|
|
Europe
|
|
Asia-Pacific
|
|
Total
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
(in thousands)
|
||||||||||||||
|
|
|
|
|
|
|
|
||||||||
Balance at December 31, 2017
|
$
|
4,896,491
|
|
|
$
|
513,138
|
|
|
$
|
294,363
|
|
|
$
|
5,703,992
|
|
Effect of foreign currency translation
|
(1,968
|
)
|
|
16,116
|
|
|
(3,857
|
)
|
|
10,291
|
|
||||
Measurement-period adjustments
|
662
|
|
|
—
|
|
|
—
|
|
|
662
|
|
||||
Balance at March 31, 2018
|
$
|
4,895,185
|
|
|
$
|
529,254
|
|
|
$
|
290,506
|
|
|
$
|
5,714,945
|
|
|
March 31, 2018
|
|
December 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Credit Facility:
|
|
|
|
||||
Term loans (face amounts of $3,908,857 and $3,932,677 at March 31, 2018 and December 31, 2017, respectively, less unamortized debt issuance costs of $34,527 and $37,961 at March 31, 2018 and December 31, 2017, respectively)
|
$
|
3,874,330
|
|
|
$
|
3,894,716
|
|
Revolving Credit Facility
|
410,000
|
|
|
765,000
|
|
||
Total long-term debt
|
4,284,330
|
|
|
4,659,716
|
|
||
Less current portion of Credit Facility (face amounts of $115,829 and $108,979 at March 31, 2018 and December 31, 2017, respectively, less unamortized debt issuance costs of $8,351 and $8,671 at March 31, 2018 and December 31, 2017, respectively)
|
107,479
|
|
|
100,308
|
|
||
Long-term debt, excluding current portion
|
$
|
4,176,851
|
|
|
$
|
4,559,408
|
|
Derivative Financial Instruments
|
|
Balance Sheet Location
|
|
Weighted-Average Fixed Rate of Interest at March 30, 2018
|
|
Range of Maturity Dates
|
|
March 31, 2018
|
|
December 31, 2017
|
||||
|
|
|
|
|
|
|
|
(in thousands)
|
||||||
|
|
|
|
|
|
|
|
|
|
|
||||
Interest rate swaps (Notional of $500 million at March 31, 2018)
|
|
Prepaid expenses and other current assets
|
|
1.52%
|
|
February 28, 2019
|
|
$
|
2,722
|
|
|
$
|
—
|
|
Interest rate swaps (Notional of $800 million at March 31, 2018 and $1,300 million at December 31, 2017)
|
|
Other noncurrent assets
|
|
1.63%
|
|
December 31, 2019 - March 31, 2021
|
|
$
|
13,998
|
|
|
$
|
9,202
|
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Amount of net unrealized gain recognized in other comprehensive income
|
$
|
7,682
|
|
|
$
|
827
|
|
Amount of net gains (losses) reclassified out of other comprehensive income to interest expense
|
$
|
169
|
|
|
$
|
(1,596
|
)
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Share-based compensation expense
|
$
|
14,898
|
|
|
$
|
8,816
|
|
Income tax benefit
|
$
|
3,285
|
|
|
$
|
3,065
|
|
|
Shares
|
|
Weighted-Average
Grant-Date
Fair Value
|
|||
|
(in thousands)
|
|
|
|||
|
|
|
|
|||
Unvested at December 31, 2017
|
1,226
|
|
|
|
$78.29
|
|
Granted
|
367
|
|
|
114.68
|
|
|
Vested
|
(168
|
)
|
|
77.15
|
|
|
Forfeited
|
(16
|
)
|
|
82.91
|
|
|
Unvested at March 31, 2018
|
1,409
|
|
|
|
$87.84
|
|
|
Options
|
|
Weighted-Average Exercise Price
|
|
Weighted-Average Remaining Contractual Term
|
|
Aggregate Intrinsic Value
|
|
|
(in thousands)
|
|
|
|
(years)
|
|
(in millions)
|
|
|
|
|
|
|
|
|
|
|
Outstanding at December 31, 2017
|
723
|
|
|
$47.79
|
|
6.4
|
|
$37.9
|
Granted
|
103
|
|
|
114.7
|
|
|
|
|
Exercised
|
(23
|
)
|
|
21.89
|
|
|
|
|
Outstanding at March 31, 2018
|
803
|
|
|
$57.11
|
|
6.8
|
|
$44.0
|
|
|
|
|
|
|
|
|
|
Options vested and exercisable at March 31, 2018
|
520
|
|
|
$40.66
|
|
5.6
|
|
$36.8
|
|
Three Months Ended
|
||
|
March 31, 2018
|
|
March 31, 2017
|
Risk-free interest rate
|
2.60%
|
|
1.99%
|
Expected volatility
|
29%
|
|
30%
|
Dividend yield
|
0.04%
|
|
0.06%
|
Expected term (years)
|
5
|
|
5
|
|
Three Months Ended
|
||||
|
March 31, 2018
|
|
March 31, 2017
|
||
|
|
|
|
||
|
(in thousands)
|
||||
|
|
|
|
||
Basic weighted-average number of shares outstanding
|
159,321
|
|
|
152,304
|
|
Plus: Dilutive effect of stock options and other share-based awards
|
714
|
|
|
951
|
|
Diluted weighted-average number of shares outstanding
|
160,035
|
|
|
153,255
|
|
|
Foreign Currency Translation
|
|
Unrealized Gains (Losses) on Hedging Activities
|
|
Other
|
|
Accumulated Other Comprehensive Loss
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
(in thousands)
|
||||||||||||||
|
|
|
|
|
|
|
|
||||||||
Balance at December 31, 2017
|
$
|
(185,856
|
)
|
|
$
|
6,999
|
|
|
$
|
(4,287
|
)
|
|
$
|
(183,144
|
)
|
Other comprehensive income (loss), net of tax
|
2,430
|
|
|
5,648
|
|
|
(52
|
)
|
|
8,026
|
|
||||
Cumulative effect of adoption of new accounting standards
|
(1,843
|
)
|
|
—
|
|
|
—
|
|
|
(1,843
|
)
|
||||
Balance at March 31, 2018
|
$
|
(185,269
|
)
|
|
$
|
12,647
|
|
|
$
|
(4,339
|
)
|
|
$
|
(176,961
|
)
|
|
|
|
|
|
|
|
|
||||||||
Balance at December 31, 2016
|
$
|
(318,450
|
)
|
|
$
|
(640
|
)
|
|
$
|
(3,627
|
)
|
|
$
|
(322,717
|
)
|
Other comprehensive income (loss), net of tax
|
33,615
|
|
|
1,513
|
|
|
(217
|
)
|
|
34,911
|
|
||||
Balance at March 31, 2017
|
$
|
(284,835
|
)
|
|
$
|
873
|
|
|
$
|
(3,844
|
)
|
|
$
|
(287,806
|
)
|
|
Three Months Ended
|
||||||
|
March 31, 2018
|
|
March 31, 2017
|
||||
|
|
|
|
||||
|
(in thousands)
|
||||||
|
|
|
|
||||
Revenues
(1) (2)
:
|
|
|
|
||||
North America
|
$
|
594,029
|
|
|
$
|
687,044
|
|
Europe
|
143,277
|
|
|
165,549
|
|
||
Asia-Pacific
|
57,671
|
|
|
67,169
|
|
||
Consolidated revenues
|
$
|
794,977
|
|
|
$
|
919,762
|
|
|
|
|
|
||||
Operating income (loss)
(2)
:
|
|
|
|
||||
North America
|
$
|
125,404
|
|
|
$
|
94,083
|
|
Europe
|
70,548
|
|
|
54,507
|
|
||
Asia-Pacific
|
23,774
|
|
|
19,754
|
|
||
Corporate
(3)
|
(63,556
|
)
|
|
(63,374
|
)
|
||
Consolidated operating income
|
$
|
156,170
|
|
|
$
|
104,970
|
|
|
|
|
|
||||
Depreciation and amortization
(2)
:
|
|
|
|
||||
North America
|
$
|
102,525
|
|
|
$
|
92,708
|
|
Europe
|
12,745
|
|
|
11,576
|
|
||
Asia-Pacific
|
4,632
|
|
|
3,275
|
|
||
Corporate
|
1,841
|
|
|
1,474
|
|
||
Consolidated depreciation and amortization
|
$
|
121,743
|
|
|
$
|
109,033
|
|
•
|
Consolidated revenues without the effect of the new revenue accounting standard increased by
13.7%
to
$1,045.6 million
for the three months ended
March 31, 2018
, compared to
$919.8 million
for the prior-year period, primarily due to organic growth.
|
•
|
Consolidated operating income was
$156.2 million
for the
three
months ended
March 31, 2018
, compared to
$105.0 million
for the prior-year period. Our operating margin for the
three
months ended
March 31, 2018
without the effect of the new accounting standard was
14.0%
, compared to
11.4%
for the prior-year period.
|
•
|
Net income attributable to Global Payments was
$91.4 million
for the
three
months ended
March 31, 2018
, compared to
$48.8 million
for the prior-year period.
|
•
|
Diluted earnings per share was
$0.57
for the
three
months ended
March 31, 2018
, compared to
$0.32
for the prior-year period.
|
|
Three Months Ended March 31, 2018
|
|
% of Revenue
(1)
|
|
Three Months Ended March 31, 2017
|
|
% of Revenue
(1)
|
|
Change
|
|
% Change
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
(dollar amounts in thousands)
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Revenues
(2)
:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
North America
|
$
|
594,029
|
|
|
74.7
|
%
|
|
$
|
687,044
|
|
|
74.7
|
%
|
|
$
|
(93,015
|
)
|
|
(13.5
|
)%
|
Europe
|
143,277
|
|
|
18.0
|
%
|
|
165,549
|
|
|
18.0
|
%
|
|
(22,272
|
)
|
|
(13.5
|
)%
|
|||
Asia-Pacific
|
57,671
|
|
|
7.3
|
%
|
|
67,169
|
|
|
7.3
|
%
|
|
(9,498
|
)
|
|
(14.1
|
)%
|
|||
Total revenues
|
$
|
794,977
|
|
|
100.0
|
%
|
|
$
|
919,762
|
|
|
100.0
|
%
|
|
$
|
(124,785
|
)
|
|
(13.6
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Consolidated operating expenses
(2)
:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Cost of service
|
$
|
252,386
|
|
|
31.7
|
%
|
|
$
|
455,936
|
|
|
49.6
|
%
|
|
$
|
(203,550
|
)
|
|
(44.6
|
)%
|
Selling, general and administrative
|
386,421
|
|
|
48.6
|
%
|
|
358,856
|
|
|
39.0
|
%
|
|
27,565
|
|
|
7.7
|
%
|
|||
Operating expenses
|
$
|
638,807
|
|
|
80.4
|
%
|
|
$
|
814,792
|
|
|
88.6
|
%
|
|
$
|
(175,985
|
)
|
|
(21.6
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Operating income (loss)
:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
North America
|
$
|
125,404
|
|
|
|
|
|
$
|
94,083
|
|
|
|
|
$
|
31,321
|
|
|
33.3
|
%
|
|
Europe
|
70,548
|
|
|
|
|
54,507
|
|
|
|
|
16,041
|
|
|
29.4
|
%
|
|||||
Asia-Pacific
|
23,774
|
|
|
|
|
19,754
|
|
|
|
|
4,020
|
|
|
20.4
|
%
|
|||||
Corporate
(3)
|
(63,556
|
)
|
|
|
|
(63,374
|
)
|
|
|
|
(182
|
)
|
|
0.3
|
%
|
|||||
Operating income
|
$
|
156,170
|
|
|
19.6
|
%
|
|
$
|
104,970
|
|
|
11.4
|
%
|
|
$
|
51,200
|
|
|
48.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Operating margin
:
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
North America
|
21.1
|
%
|
|
|
|
13.7
|
%
|
|
|
|
7.4
|
%
|
|
|
||||||
Europe
|
49.2
|
%
|
|
|
|
32.9
|
%
|
|
|
|
16.3
|
%
|
|
|
||||||
Asia-Pacific
|
41.2
|
%
|
|
|
|
29.4
|
%
|
|
|
|
11.8
|
%
|
|
|
Period
|
Total Number of
Shares Purchased (1) |
|
Approximate Average Price Paid per Share
|
|
Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs |
|
Maximum
Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2) |
||||||
|
|
|
|
|
|
|
(in millions)
|
||||||
January 2018
|
—
|
|
|
$
|
—
|
|
|
—
|
|
|
|
||
February 2018
|
20,177
|
|
|
114.69
|
|
|
—
|
|
|
|
|||
March 2018
|
45,680
|
|
|
111.14
|
|
|
8,926
|
|
|
|
|||
Total
|
65,857
|
|
|
$
|
112.23
|
|
|
8,926
|
|
|
$
|
599.0
|
|
(1)
|
Our board of directors has authorized us to repurchase shares of our common stock through any combination of Rule 10b5-1 open-market repurchase plans, accelerated share repurchase plans, discretionary open-market purchases or privately negotiated transactions.
|
(2)
|
As of
March 31, 2018
, the approximate dollar value of shares that may yet be purchased under our share repurchase program was
$599.0 million
remaining available under the board’s authorization announced on
February 6, 2018
. The authorizations by the board of directors do not expire, but could be revoked at any time. In addition, we are not required by any of the board’s authorizations or otherwise to complete any repurchases by any specific time or at all.
|
2.1
|
|
|
2.2
|
|
|
3.1
|
|
|
3.2
|
|
|
10.1*
|
|
|
10.2*
|
|
|
10.3*
|
|
|
10.4*
|
|
|
31.1*
|
|
|
31.2*
|
|
|
32.1*
|
|
|
101*
|
|
The following financial information from the Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, formatted in XBRL (eXtensible Business Reporting Language) and filed electronically herewith: (i) the Unaudited Consolidated Statements of Income; (ii) the Unaudited Consolidated Statements of Comprehensive Income; (iii) the Consolidated Balance Sheets; (iv) the Unaudited Consolidated Statements of Cash Flows; (v) the Unaudited Consolidated Statements of Changes in Equity; and (vi) the Notes to Unaudited Consolidated Financial Statements.
|
*
|
|
Filed herewith.
|
++
|
|
Certain schedules and exhibits to this agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K and Global Payments Inc. agrees to furnish supplementally to the Securities and Exchange Commission a copy of any omitted schedule and/or exhibit upon request.
|
|
|
Global Payments Inc.
|
|
|
(Registrant)
|
|
|
|
Date: May 3, 2018
|
|
/s/ Cameron M. Bready
|
|
|
Cameron M. Bready
|
|
|
Senior Executive Vice President and Chief Financial Officer
|
|
|
(Principal Financial Officer)
|
|
|
|
BORROWERS:
|
|
|
GLOBAL PAYMENTS INC.,
a Georgia corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GLOBAL PAYMENTS DIRECT, INC.,
a New York corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GLOBAL PAYMENTS UK LTD.,
an English company governed by the Laws of England and Wales
By:
/s/ David L. Green
Name: David L. Green
Title: Director
|
|
GLOBAL PAYMENTS ACQUISITION
CORPORATION 2, a Luxembourg société à responsabilité limitée, having its registered office at 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grand-Duchy of Luxembourg, and registered with the R.C.S. Luxembourg under number B 139.629
By:
/s/ David L. Green
Name: David L. Green
Title: Manager
|
|
GLOBAL PAYMENTS ACQUISITION PS 1 - GLOBAL PAYMENTS DIRECT, a Luxembourg société en nom collectif, having its registered office at 6C, rue Gabriel Lippmann, L-5365 Munsbach, Grand-Duchy of Luxembourg, and registered with the R.C.S. Luxembourg under number B 139.804
By: Global Payments Acquisition Corporation 7, LLC, its Unlimited Partner
By:
/s/ David L. Green
Name: David L. Green
Title: Manager
|
|
GLOBAL PAYMENTS ACQUISITION PS 2 C.V.,
a Netherlands limited partnership
By: Global Payments Direct., Inc., acting in its capacity as general partner of Global Payments Acquisition PS 1 C.V., in its turn representing Global Payments Acquisition PS 1 - Global Payments Direct S.e.n.c., in its turn acting in its capacity as general partner on behalf and for the benefit of Global Payments Acquisition PS 2 C.V.
By:
/s/ David L. Green
Name: David L. Green
Title: Manager
|
|
GPA PS 3 C.V.,
a limited partnership formed under the laws of the Netherlands
By: Global Payments Acquisition Corporation 3, LLC, acting in its capacity as general partner on behalf and for the benefit of GPA PS 3 C.V.
By: /s/ David L. Green
Name: David L. Green
Title:Manager
|
|
|
GUARANTORS:
|
GLOBAL PAYMENTS DIRECT, INC.,
a New York corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GLOBAL PAYMENTS HOLDING COMPANY,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GLOBAL PAYMENTS CHECK SERVICES, Inc.,
an Illinois corporation
By:
/s/ L.J. Williams
Name: L.J. Williams
Title: Secretary
|
|
GLOBAL PAYMENTS GAMING SERVICES, Inc.,
an Illinois corporation
By:
/s/ L.J. Williams
Name: L.J. Williams
Title: Secretary
|
|
GLOBAL PAYMENTS CHECK RECOVERY SERVICES, INC.,
a Georgia corporation
By:
/s/ L.J. Williams
Name: L.J. Williams
Title: Secretary
|
|
GLOBAL PAYMENTS GAMING INTERNATIONAL, INC.,
a Georgia corporation
By:
/s/ L.J. Williams
Name: L.J. Williams
Title: Secretary
|
|
DEBITEK, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
DIGITAL DINING, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
DINERWARE, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GP FINANCE, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
GREATER GIVING, INC.,
an Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
HEARTLAND ACQUISITION, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
HEARTLAND COMMERCE, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
XENIAL, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
HEARTLAND PAYMENT SOLUTIONS, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
HEARTLAND PAYMENT SYSTEMS, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
HEARTLAND PAYROLL SOLUTIONS, INC.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
OPENEDGE PAYMENTS LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
PAYPROS LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
PAYROLL 1, INC.,
a Michigan corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
PCAMERICA, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
TOUCHNET INFORMATION SYSTEMS, INC.,
a Kansas corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
XPIENT, LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
EDUCATIONAL COMPUTER SYSTEMS, INC.,
a Pennsylvania corporation
By:
/s/ Daniel Frazier
Name: Daniel Frazier
Title: Secretary
|
|
ATHLACTION TOPCO LLC,
a Delaware limited liability company
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
VEPF IV AIV VII-C CORP.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
VEPF III AIV VI-C CORP.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
VFF I AIV IV-C CORP.,
a Delaware corporation
By:
/s/ David L. Green
Name: David L. Green
Title: Secretary
|
|
EDUCATIONAL COMPUTER SYSTEMS, INC.,
a Pennsylvania corporation
By:
/s/ Eric Ives
Name: Eric Ives
Title: Secretary
|
|
|
ADMINISTRATIVE
AGENT:
|
|
|
BANK OF AMERICA, N.A., as
Administrative Agent
By:
/s/ Angela Larkin
Name: Angela Larkin
Title: Assistant Vice President
|
LENDERS:
|
BANK OF AMERICA, N.A.,
as a Lender
By:
/s/ Thomas M. Paulk
Name: Thomas M. Paulk
Title: Senior Vice President
|
|
55 LOAN STRATEGY FUND A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
55 LOAN STRATEGY FUND SERIES 2 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
55 LOAN STRATEGY FUND SERIES 3 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
55 LOAN STRATEGY FUND SERIES 4 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
A Voce CLO, Ltd.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
ABR REINSURANCE LTD,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
ACE PROPERTY & CASUALTY INSURANCE COMPANY,
as a Lender
By: BlackRock Financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
ACIS CLO 2013-1 LTD.,
as a Lender
By: Acis Capital Management, L.P., its Portfolio Manager
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
ACIS CLO 2014-3, LTD.,
as a Lender
By: Acis Capital Management, L.P., its Portfolio Manager
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
ACIS CLO 2014-5, LTD.,
as a Lender
By: Acis Capital Management, L.P., its Portfolio Manager
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
ACIS CLO 2014-4, LTD.,
as a Lender
By: Acis Capital Management, L.P., its Portfolio Manager
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
ACIS CLO 2015-6, LTD.,
as a Lender
By: Acis Capital Management, L.P., its Portfolio Manager
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
ACIS CLO 2017-7, LTD.,
as a Lender
By:
/s/ Carter Chism
Name: Carter Chism
Title: Authorized Signatory
|
|
AEGIS ELECTRIC AND GAS INTERNATIONAL SERVICES, LTD.,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
AIB DEBT MANAGEMENT, LIMITED,
as a Lender
By:
/s/ Paul McGinley
Name: Paul McGinley
Title: Assistant Vice President
By:
/s/ Joseph Augustini
Name: Joseph Augustini
Title: Senior Vice President
|
|
ALJ GLOBAL BANK LOAN FUND 2015 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: /s/ Robert Davis
Name: Robert Davis
Title: Senior Vice President
|
|
ALJ GLOBAL BANK LOAN FUND 2016 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By:
/s/ Robert Davis
Name: Robert Davis
Title: Senior Vice President
|
|
ALPHAFIXE FLOATING RATE BANK LOAN FUND,
as a Lender
By:
/s/ Diane Favreau
Name: Diane Favreau
Title: Managing Director
|
|
AMADABLUM US LEVERAGED LOAN FUND A SERIES TRUST OF GLOBAL MULTI PORTFOLIO INVESTMENT TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
AMJ BANK LOAN FUND A SERIES TRUST OF MULTIMANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Brown Brothers Harriman Trust Company (Cayman) Limited acting solely in its capacity as trustee of AMJ Bank Loan Fund, a series trust of Multi Manager Global Investment Trust, acting by Highbridge Principal Strategies, LLC as attorney-in-fact, and expressly on the basis that the parties agree they shall not have recourse to the assets of Multi
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
AMJ BANK LOAN FUND SERIES 2 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
ING CAPITAL LLC,
as a Lender
By:
/s/ Mallika Kambhampati
Name: Mallika Kambhampati
Title: Managing Director
By:
/s/ Joe McAdams
Name: Joe McAdams
Title: Managing Director
|
|
AMJ BANK LOAN FUND SERIES 3 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Brown Brothers Harriman Trust Company (Cayman) Limited acting solely in its capacity as trustee of AMJ Loan Fund Series 3, a series trust of Multi Manager Global Investment Trust, acting by HPS Investment Partners, LLC as attorney-in-fact
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
AMJ BANK LOAN FUND SERIES 4 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Brown Brothers Harriman Trust Company (Cayman) Limited acting solely in its capacity as trustee of AMJ Loan Fund Series 4, a series trust of Multi Manager Global Investment Trust, acting by HPS Investment Partners, LLC as attorney-in-fact
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
AMMC CLO 15, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO 16, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO 17, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO 18, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO 19, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO 20, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO XI, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO XIV, LIMITED,
as a Lender
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
AMMC CLO XIII, LIMITED,
as a Lender
By: American Money Management Corp., as Collateral Manager
By:
/s/ David P. Meyer
Name: David P. Meyer
Title: Senior Vice President
|
|
APEX CREDIT CLO 2017-II LTD.,
as a Lender
By: Apex Credit Partners LLC
By:
/s/ Andrew Stern
Name: Andrew Stern
Title: Managing Director
|
|
APIDOS CLO XII,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title:Senior Portfolio Manager
|
|
APIDOS CLO XV,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
ATLANTIC CAPITAL BANK, N.A.,
as a Lender
By:
/s/ Preston McDonald
Name: Preston McDonald
Title: Vice President
|
|
APIDOS CLO XVI,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XVII,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XVIII,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XX,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XXI,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XXII,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XXIII,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APIDOS CLO XXV,
as a Lender
By: Its Collateral Manager CVC Credit Partners, LLC
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
APOLLO AF LOAN TRUST 2012,
as a Lender
By: Apollo Credit Management (Senior Loans) II, LLC
By:
/s/ Joseph Glatt
Name: Joseph Glatt
Title: Vice President
|
|
ARES LOAN TRUST 2011,
as a Lender
By: Ares Management LLC, Its Investment Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XLIII CLO LTD.,
as a Lender
By: Ares Management LLC, as its Asset Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XLIV CLO LTD.,
as a Lender
By: Ares CLO Management II LLC, its Asset Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
JPMORGAN CHASE BANK, N.A.,
as a New Lender
By:
/s/ Nicholas Gitron-Beer
Name: Nicholas Gitron-Beer
Title: Vice President
|
|
ARES XXIX CLO LTD.,
as a Lender
By: Ares CLO Management XXIX, L.P., its Asset Manager
By: Ares CLO GP XXIX, LLC, its General Partner
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXVII CLO, LTD.,
as a Lender
By: Ares CLO Management LLC, its asset manager
By:
/s/ Ben Kattan
Name:Ben Kattan
Title: Authorized Signatory
|
|
ARES XXVIII CLO, LTD.,
as a Lender
By: Ares CLO Management XXVIII, L.P., its Asset Manager
By: Ares CLO GP XXVIII, LLC, its General Partner
By:
/s/ Ben Kattan
Name: Ben Kattan
Title:Authorized Signatory
|
|
ARES XXXI CLO, LTD.,
as a Lender
By: Ares CLO Management XXXI, L.P., its Portfolio Manager
By: Ares Management LLC, its General Partner
By:
/s/ Ben Kattan
Name: Ben Kattan
Title:Authorized Signatory
|
|
ARES XXXII CLO, LTD.,
as a Lender
By: Ares CLO Management XXXII, L.P., its Asset Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXIII CLO, LTD.,
as a Lender
By: Ares CLO Management XXXIII, L.P., its Asset Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXIV CLO, LTD.,
as a Lender
By: Ares CLO Management LLC, its Collateral Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXV CLO, LTD.,
as a Lender
By: Ares CLO Management LLC, its asset manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXV CLO, LTD.,
as a Lender
By: Ares CLO Management LLC, its asset manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXVII CLO, LTD.,
as a Lender
By: Ares CLO Management LLC, its asset manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
ARES XXXIII CLO, LTD.,
as a Lender
By: Ares CLO Management II LLC, its asset manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title:Authorized Signatory
|
|
ASCENSION ALPHA FUND, LLC,
as a Lender
By: Amundi Pioneer Institutional Asset Management, Inc.
By:
/s/ Margaret C. Begley
Name: Margaret C. Begley
Title:Vice President and Associate General Counsel
|
|
ASCENSION ALPHA FUND, LLC,
as a Lender
By: MacKay Shields LLC, solely as Investment Manager and agent
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
ASCENSION HEALTH MASTER PENSION TRUST,
as a Lender
By: Amundi Pioneer Institutional Asset Management, Inc.
By:
/s/ Margaret C. Begley
Name: Margaret C. Begley
Title: Vice President and Associate General Counsel
|
|
ASFI LOAN FUNDING LLC,
as a Lender
By: Citibank, N.A.
By:
/s/ Lauri Pool
Name: Lauri Pool
Title:Associate Director
|
|
ASSOCIATED ELECTRIC & GAS INSURANCE SERVICES LIMITED,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
ATHENE ANNUITY AND LIFE COMPANY,
as a Lender
By: Athene Asset Management, L.P., its investment manager
By:
/s/ Joe Moroney
Name: Joe Moroney
Title: Authorized Signatory
|
|
AUTO CLUB INSURANCE ASSOCIATION,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
AVAW,
as a Lender
By: Internationale Kapitalanlagegesellschaft mbH, acting for account of AVAW
Represented by: Oak Hill Advisors, L.P.
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
AVERY POINT V CLO, LIMITED,
as a Lender
By: Bain Capital Credit, LP, as Portfolio Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
AVERY POINT VI CLO, LIMITED,
as a Lender
By: Bain Capital Credit, LP, as Portfolio Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
AVERY POINT VII CLO, LIMITED,
as a Lender
By: Bain Capital Credit, LP, as Portfolio Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
AZB FUNDING 7,
as a Lender
By:
/s/ Robert Gates
Name: Robert Gates
Title: Authorized Signatory
|
|
BAIN CAPITAL CREDIT CLO 2016-2 LIMITED,
as a Lender
By: Bain Capital Credit CLO Advisors, LP, as Portfolio Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
BALOISE SENIOR SECURED LOAN FUND II,
as a Lender
By: Bain Capital Credit, LP, as Sub Investment Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
BANCO DE CREDITO E INVERSIONES SA, MIAMI BRANCH,
as a Lender
By:
/s/ Linda D. Benford
Name: Linda D. Benford
Title: Senior Vice President
By:
/s/ Ana C. Escuduro
Name: Ana C. Escuduro
Title: Head of Credit and Underwriting
|
|
AMBITION TRUST 2011,
as a Lender
By: Barings LLC as Investment Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
AMBITION TRUST 2009,
as a Lender
By: Barings LLC as Investment Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
ARROWOOD INDEMNIT COMPANY,
as a Lender
By: Barings LLC as Investment Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
ARROWOOD INDEMNITY COMPANY AS ADMINISTRATOR OF THE PENSION PLAN OF ARROWOOD INDEMNITY COMPANY,
as a Lender
By: Barings LLC as Investment Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BARINGS CLO LTD. 2013-I,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BABSON CLO LTD. 2013-II,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BABSON CLO LTD. 2014-I,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BABSON CLO LTD. 2014-II,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BABSON CLO LTD. 2014-III,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BEL-AIR LOAN FUND LLC,
as a Lender
By: Barings LLC as Investment Advisor
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BARINGS CLO LTD. 2015-I,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BARINGS CLO LTD. 2015-II,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BABSON CLO LTD. 2016-I,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BROWN BROTHERS HARRIMAN TRUST COMPANY (CAYMAN) LMITED ACTING SOLELY IN ITS CAPACITY AS TRUSTEE OF BARINGS LOAN FUND SERIES 3 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Barings LLC as Investment Manager and Attorney-in-fact
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BROWN BROTHERS HARRIMAN TRUST COMPANY (CAYMAN) LMITED ACTING SOLELY IN ITS CAPACITY AS TRUSTEE OF BARINGS LOAN FUND SERIES 2 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Barings LLC as Investment Manager and Attorney-in-fact
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BARINGS CLO LTD. 2016-III,
as a Lender
By: Barings LLC as Collateral Manager
By:
/s/ Charles M. Creech III
Name: Charles M. Creech III
Title: Director
|
|
BEACHHEAD SPECIAL OPPORTUNITIES LLC,
as a Lender
By:
/s/ Christine Woodhouse
Name: Christine Woodhouse
Title: General Counsel
|
|
BEAZLEY FURLONGE LIMITED, AS MANAGING AGENT OF SYNDICATE 2623,
as a Lender
By: PineBridge Investments Europe Limited, Its Investment Manager
By:
/s/ Steven Oh
Name: Steven Oh
Title: Managing Director
|
|
BETONY CLO, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
BLACKROCK GLOBAL INVESTMENT SERIES: INCOME STRATEGIES PORTFOLIO,
as a Lender
By: BlackRock Financial Management, Inc., its Sub-Advisor
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
BLACKSTONE / GSO SECURED TRUST, LTD.,
as a Lender
By: GSO / BLACKSTONE DEBT FUNDS MANAGEMENT LLC AS INVESTMENT MANAGER
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
BLUE HILL CLO, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
BLUECROSS BLUESHIELD OF TENNESSEE, INC.,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
BOC PENSION INVESTMENT FUND,
as a Lender
By: Invesco Senior Secured Management, Inc. as Attorney in Fact
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
BRIGHTHOUSE FUNDS TRUST I - BRIGHTHOUSE/EATON VANCE FLOATING RATE PORTFOLIO,
as a Lender
By: Eaton Vance Management as Investment Sub-Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
BRITISH COAL STAFF SUPERANNUATION SCHEME,
as a Lender
By: Wellington Management Company LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
BYLINE BANK,
as a Lender
By:
/s/ Chris Barkidija
Name: Chris Barkidija
Title: SVP
|
|
CANYON CLO 2016-2 LTD.,
as a Lender
By: Canyon CLO Advisors LLC, its Collateral Manager
By:
/s/ Jonathan M. Kaplan
Name: Jonathan M. Kaplan
Title: Authorized Signatory
|
|
CANYON CLO 2016-1, LTD.,
as a Lender
By: Canyon CLO Advisors LLC, its Collateral Manager
By:
/s/ Jonathan M. Kaplan
Name: Jonathan M. Kaplan
Title: Authorized Signatory
|
|
CARE SUPER,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
CATHAY BANK,
as a Lender
By:
/s/ Nancy A. Moore
Name: Nancy A. Moore
Title: Senior Vice President
|
|
CATSKILL PARK CLO, LTD.,
as a Lender
By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
CBAM 2017-2 LTD.,
as a Lender
By:
/s/ Christopher Cutter
Name: Christopher Cutter
Title: Associate
|
|
CBAM 2017-3 LTD.,
as a Lender
By:
/s/ Christopher Cutter
Name: Christopher Cutter
Title: Associate
|
|
CENTURYLINK, INC. DEFINED CONTRIBUTION PLAN MASTER TRUST,
as a Lender
By: MacKay Shields LLC as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director\
|
|
CHRISTIAN SUPER,
as a Lender
By: Shenkman Capital Management, Inc.
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
CHUBB EUROPEAN GROUP LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Sub-Advisor
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
CITIBANK, N.A.,
as a Lender
By:
/s/ Brian S. Broyles
Name: Brian S. Broyles
Title: Attorney-in-Fact
|
|
CITIZENS BANK, N.A.,
as a Lender
By:
/s/ James Connolly
Name: James Connolly
Title: Officer
|
|
CONSUMER PROGRAM ADMINISTRATORS, INC.,
as a Lender
By: BlackRock Financial Management, Inc. its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
COOK PARK CLO, LTD.,
as a Lender
By: GSO / Blackstone Debt Funds Management LLC as Collateral manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
CREDIT INDUSTRIEL ET COMMERCIAL, NEW YORK BRANCH,
as a Lender
By:
/s/ Garry Weiss
Name: Garry Weiss
Title: Managing Director
By:
/s/ Clifford Abramsky
Name: Clifford Abramsky
Title: Managing Director
|
|
CREDOS FLOATING RATE FUND LP,
as a Lender
By: Shenkman Capital Management, Inc., as General Partner
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
DELAWARE LIFE INSURANCE COMPANY,
as a Lender
By: GSO / Blackstone Debt Funds Management LLC as Sub-Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
DORCHESTER PARK CLO DESIGNATED ACTIVITY COMPANY,
as a Lender
By: GSO / Blackstone Debt Funds Management LLC as Collateral manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
DRYDEN 31 SENIOR LOAN FUND,
as a Lender
By: PGIM, Inc., as Collateral Manager
By:
/s/ Parag Pandya
Name: Parag Pandya
Title: Vice President
|
|
DRYDEN 34 SENIOR LOAN FUND,
as a Lender
By: PGIM, Inc., as Collateral Manager
By:
/s/ Parag Pandya
Name: Parag Pandya
Title: Vice President
|
|
DRYDEN XXV SENIOR LOAN FUND,
as a Lender
By: PGIM, Inc., as Collateral Manager
By:
/s/ Parag Pandya
Name: Parag Pandya
Title: Vice President
|
|
DRYDEN XXVI SENIOR LOAN FUND,
as a Lender
By: PGIM, Inc., as Collateral Manager
By:
/s/ Parag Pandya
Name: Parag Pandya
Title: Vice President
|
|
EAST WEST BANK,
as a Lender
By:
/s/ Andrew Maria
Name: Andrew Maria
Title: Senior Vice President
|
|
EATON VANCE BANK LOAN FUND A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE BANK LOAN FUND SERIES II A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE CLO 2013-1 LTD.,
as a Lender
By: Eaton Vance Management, Portfolio Manager
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE CLO 2014-1 LTD.,
as a Lender
By: Eaton Vance Management, Portfolio Manager
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE CLO 2015-1 LTD.,
as a Lender
By: Eaton Vance Management, Portfolio Manager
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE FLOATING-RATE INCOME PLUS FUND,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE FLOATING-RATE INCOME TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE FLOATING RATE PORTFOLIO,
as a Lender
By: Boston Management and Research as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE INSTITUTIONAL SENIOR LOAN FUND,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE LIMITED DURATION INCOME FUND,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE LOAN FUND SERIES III A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE LOAN FUND SERIES IV A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE SENIOR FLOATING-RATE TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE SENIOR INCOME TRUST,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
EATON VANCE VT FLOATING-RATE INCOME FUND,
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
ELECTRONIC DATA SYSTEMS 1994 PENSION SCHENTE,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
ELECTRONIC DATA SYSTEMS RETIREMENT PLAN,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
ELEVATION CLO 2014-2, LTD.,
as a Lender
By: ArrowMark Colorado Holdings LLC as Collateral Manager
By:
/s/ Sanjai Bhonsle
Name: Sanjai Bhonsle
Title: Portfolio Manager
|
|
ELEVATION CLO 2017-7, LTD.,
as a Lender
By: 325 Fillmore LLC as Collateral Manager
By:
/s/ Sanjai Bhonsle
Name: Sanjai Bhonsle
Title: Portfolio Manager
|
|
ELYSIUM LIMITED,
as a Lender
By:
/s/ Adam Kaiser
Name: Adam Kaiser
Title: Attorney-In-Fact
|
|
THE U.S. BUSINESS OF THE CANADA LIFE ASSURANCE COMPANY,
as a Lender
By:
/s/ Jack Brown
Name: Jack Brown
Title: SVP Separate Accounts
|
|
EMPLOYEES & AGENTS PENSION PLAN GWL&A FINANCIAL INC,
as a Lender
By:
/s/ Jack Brown
Name: Jack Brown
Title: SVP Separate Accounts
|
|
EMPLOYEES’ RETIREMENT SYSTEM OF THE STATE OF RHODE ISLAND,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthus Y.D. Ong
Title: Executive Vice Presiden
|
|
ERSTE GROUP BANK AG,
as a Lender
By:
/s/ John Fay
Name: John Fay
Title: Managing Director
By:
/s/ Robert Wagman
Name: Robert Wagman
Title: Managing Director
|
|
FIDELITY SUMMER STREET TRUST: FIDELTIY SERIES FLOATING RATE HIGH INCOME FUND,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
FIDELITY FLOATING RATE HIGH INCOME INVESTMENT TRUST FOR FIDELITY INVESTMENTS CANADA ULC AS TRUSTEE OF FIDELITY FLOATING RATE HIGH INCOME INVESTMENT TRUST,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
VARIABLE INSURANCE PRODUCTS FUND: FLOATING RATE HIGH INCOME PORTFOLIO,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
FIDELITY FLOATING RATE HIGH INCOME FUND FOR FIDELITY INVESTMENTS CANADA ULC AS TRUSTEE OF FIDELITY FLOATING RATE HIGH INCOME FUND,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC: FIDELITY FLOATING RATE CENTRAL FUND,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
FIDELITY ADVISOR SERIES I: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
FIDELITY INCOME FUND: FIDELITY TOTAL BOND FUND,
as a Lender
By:
/s/ Colm Hogan
Name: Colm Hogan
Title: Authorized Signatory
|
|
ADVANCED SERIES TRUST - AST FI PYRAMIS QUANTITATIVE PORTFOLIO BY FIAM LLC AS INVESTMENT MANAGER,
as a Lender
By:
/s/ Dana Rancourt
Name: Dana Rancourt
Title: Director
|
|
FIDELITY QUALIFYING INVESTOR FUNDS PLC BY FIAM LLC AS SUB ADVISOR,
as a Lender
By:
/s/ Dana Rancourt
Name: Dana Rancourt
Title: Director
|
|
FIAM LEVERAGED LOAN, LP BY FIAM LLC AS INVESTMENT MANAGER,
as a Lender
By:
/s/ Dana Rancourt
Name: Dana Rancourt
Title: Director
|
|
FIAM FLOATING RATE HIGH INCOME COMMINGLED POOL BY FIDELITY INSTITUTATIONAL ASSET MANAGEMENT TRUST COMPANY AS TRUSTEE,
as a Lender
By:
/s/ Dana Rancourt
Name: Dana Rancourt
Title: Director
|
|
FIFTH THIRD BANK,
as a Lender
By:
/s/ Dan Komitor
Name: Dan Komitor
Title: Senior Relationship Manager
|
|
FIGUEROA CLO 2014-1, LTD.,
as a Lender
By: TCW Asset Management Company as Investment Manager
By:
/s/ Bibi Khan
Name: Bibi Khan
Title: Managing Director
By:
/s/ Ryan Gable
Name: Ryan Gable
Title: Senior Vice President
|
|
FIRST AMERICAN TITLE INSURANCE COMPANY,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
FIRST MIDWEST BANK,
as a Lender
By:
/s/ Michael Trunck
Name: Michael Trunck
Title: Senior Vice President
|
|
FIXED INCOME OPPORTUNITIES NERO, LLC,
as a Lender
By: BlackRock financial Management Inc., Its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
FOUR POINTS MULTI-STRATEGY MASTER FUND INC. (LOAN ACCOUNT),
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager for the Loan Account
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
GIM CREDIT MASTER LUX S.A.R.L.,
as a Lender
By: HPS INVESTMENT PARTNERS, LLC AS INVESTMENT MANAGER
By:
/s/ Serge Adam
Name: Serge Adam
Title: Managing Director
|
|
GOLDMAN SACHS TRUST ON BEHALF OF THE GOLDMAN SACHS HIGH YIELD FLOATING RATE FUND BY: GOLDMAN SACHS ASSET MANAGEMENT, L.P. AS INVESTMENT ADVISOR AND NOT AS PRINCIPAL,
as a Lender
By:
/s/ Chris Lam
Name: Chris Lam
Title: Authorized Signatory
|
|
GOLDMAN SACHS LUX INVESTMENT FUNDS FOR THE BENEFIT OF GOLDMAN SACHS HIGH YIELD FLOATING RATE PORTFOLIO (LUX) BY GOLDMAN SACHS ASSET MANAGEMENT, L.P. SOLELY AS ITS INVESTMENT ADVISOR AND NOT AS PRINCIPAL,
as a Lender
By:
/s/ Chris Lam
Name: Chris Lam
Title: Authorized Signatory
|
|
GSO JUPITER LOAN TRUST,
as a Lender
By: GSO Capital Advisors LLC, As its Investment Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
GSO LOAN TRUST 2010,
as a Lender
By: GSO Capital Advisors LLC, As its Investment Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
GSO LOAN TRUST 2011,
as a Lender
By: GSO Capital Advisors LLC, As its Investment Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
GSO SAKURA LOAN FUND 2015, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: GSO Capital Advisors LLC, as its Investment Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
GSO SAKURA LOAN FUND 2017, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: GSO Capital Advisors LLC, as its Investment Advisor
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
HALCYON LOAN ADVISORS FUNDING 2013-2 LTD.,
as a Lender
By:
/s/ David Martino
Name: David Martino
Title: Controller
|
|
HALCYON LOAN ADVISORS FUNDING 2014-2 LTD.,
as a Lender
By: Halcyon Loan Advisors 2014-2 LLC as collateral manager
By:
/s/ David Martino
Name: David Martino
Title: Controller
|
|
HARBOURVIEW CLO VII, LTD,
as a Lender
By:
/s/ Daniel Zakrzewski
Name: Daniel Zakrzewski
Title: Manager
|
|
THE HARTFORD FLOATING RATE FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
THE HARTFORD INFLATION PLUS FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
HEALTH EMPLOYEES SUPERANNUATION TRUST AUSTRALIA,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
HEALTH NET COMMUNITY SOLUTIONS, INC.,
as a Lender
By: Deutsche Investment Management Americas Inc. as Manager
By:
/s/ Mark Rigazio
Name: Mark Rigazio
Title: Portfolio Manager
By:
/s/ Shayna Malnak
Name: Shayna Malnak
Title: Vice President
|
|
HIGHBRIDGE LOAN MANAGEMENT 5-2015, LTD.,
as a Lender
By: HPS Investment Partners, LLC as the Collateral Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
HPS LOAN MANAGEMENT 6-2015, LTD.,
as a Lender
By: HPS Investment Partners, LLC as the Collateral Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
HIGHBRIDGE LOAN MANAGEMENT 7-2015, LTD.,
as a Lender
By: HPS Investment Partners, LLC, its Collateral Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
HIGHBRIDGE LOAN MANAGEMENT 8-2016, LTD.,
as a Lender
By: HPS Investment Partners, LLC as the Collateral Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
HIGHMARK INC.,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
HORIZONS ACTIVE FLOATING RATE SENIOR LOAN ETF,
as a Lender
By:
/s/ Diane Favreau
Name: Diane Favreau
Title: Managing Director
|
|
HOUSTON CASULATY COMPANY,
as a Lender
By: BlackRock Investment Management, LLC, its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
HPS LOAN MANAGEMENT 4-2014, LTD.,
as a Lender
By: HPS Investment Partners, LLC as the Collateral Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
INDUSTRIAL & COMMERCIAL BANK OF CHINA (USA) NA,
as a Lender
By:
/s/ Jeff Liu
Name: Jeff Liu
Title: SVP & Corporate Syndications Manager
|
|
INNOVATION TRUST 2009,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
INNOVATION TRUST 2011,
as a Lender
By: Eaton Vance Management as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
INVESCO BANK LOAN FUND SERIES 2 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO BL FUND, LTD.,
as a Lender
By: Invesco Management S.A. As Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO FLOATING RATE FUND,
as a Lender
By: Invesco Senior Secured Management, Inc., as Sub-Adviser
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO FLOATING RATE INCOME FUND,
as a Lender
By: Invesco Senior Secured Management, Inc., as Sub-Adviser
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO GEMINI US LOAN FUND LLC,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO LOAN FUND SERIES 3 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO LOAN FUND SERIES 4 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO POLARIS US BANK LOAN FUND,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO SSL FUND LLC,
as a Lender
By: Invesco Senior Secured Management, Inc., as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO US LEVERAGED LOAN FUND 2016-9 A SERIES TRUST OF GLOBAL MULTI PORTFOLIO INVESTMENT TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
INVESCO US SENIOR LOANS 2021, L.P.,
as a Lender
By: Invesco Senior Secured Management, Inc., as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
JAMESTOWN CLO IX LTD.,
as a Lender
By: 3i Debt Management U.S. LLC, as Portfolio Manager
By:
/s/ David Nadeau
Name: David Nadeau
Title: Portfolio Manager
|
|
JAMESTOWN CLO VI LTD.,
as a Lender
By: 3i Debt Management U.S. LLC, as Portfolio Manager
By:
/s/ David Nadeau
Name: David Nadeau
Title: Portfolio Manager
|
|
JAMESTOWN CLO VII LTD.,
as a Lender
By: 3i Debt Management U.S. LLC, as Portfolio Manager
By:
/s/ David Nadeau
Name: David Nadeau
Title: Portfolio Manager
|
|
JAMESTOWN CLO VIII LTD.,
as a Lender
By: 3i Debt Management U.S. LLC, as Portfolio Manager
By:
/s/ David Nadeau
Name: David Nadeau
Title: Portfolio Manager
|
|
JFIN US INVESTMENT GRADE & LEVERAGED LOAN BUY AND MAINTAIN FUND (FX AND IR HEDGED),
as a Lender
By: BlackRock Financial Management, Inc., as Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
JM2 GLOBAL LOAN FUND 2017 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Alcentra NY, LLC as its Collateral Manager
By:
/s/ Robert Davis
Name: Robert Davis
Title: Sr. Vice President
|
|
JPMBI RE BLACKROCK BANKLOAN FUND,
as a Lender
By: BlackRock Financial Management Inc., as Sub-Advisor
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
KAISER FOUNDATION HOSPITALS,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
KAISER PERMANENTE GROUP TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
KAPITALFORENINGEN INVESTIN PRO, US LEVERAGED LOANS I,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
KENTUCKY RETIREMENT SYSTEMS (SHENKMAN - INSURANCE FUND ACCOUNT),
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
KENTUCKY RETIREMENT SYSTEMS (SHENKMAN - PENSION ACCOUNT),
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
KENTUCKY TEACHERS’ RETIREMENT SYSTEM INSURANCE TRUST FUND,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
KKR CLO 11 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 12 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 13 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 16 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 17 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 19 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 20 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR CLO 9 LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KKR FINANCIAL CLO 2013-1, LTD.,
as a Lender
By:
/s/ Jeffrey Smith
Name: Jeffrey Smith
Title: Authorized Signatory
|
|
KVK CLO 2013-1, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2013-2, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2014-1, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2014-2, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2014-3, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2015-1, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
KVK CLO 2016-1, LTD,
as a Lender
By:
/s/ David Cifonelli
Name: David Cifonelli
Title: Vice President
|
|
LIMEROCK CLO II, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
LIMEROCK CLO III, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
LIQUID LOAN OPPORTUNITIES MASTER FUND, L.P.,
as a Lender
By: HPS Investment Partners, LLC
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
LOOMIS SAYLES LOAN FUND 2016, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Loomis, Sayles & Company, L.P. its Investment Manager
By: Loomis, Sayles & Company, Incorporated, its General Partner
By:
/s/ Mary McCarthy
Name: Mary McCarthy
Title: Vice President, Legal and Compliance Analyst
|
|
LOOMIS SAYLES LOAN FUND, A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Loomis, Sayles & Company, L.P. its Investment Manager
By: Loomis, Sayles & Company, Incorporated, its General Partner
By:
/s/ Mary McCarthy
Name: Mary McCarthy
Title: Vice President, Legal and Compliance Analyst
|
|
MACKAY SHIELDS CORE PLUS OPPORTUNITIES CIT,
as a Lender
By: MacKay Shields LLC, as Investment advisor and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MACKAY SHIELDS DEFENSIVE BOND ARBITRAGE FUND LTD.,
as a Lender
By: MacKay Shields LLC, as Investment advisor and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MACKAY SHORT DURATION HIGH YIELD FUND,
as a Lender
By: MacKay Shields LLC, as Investment advisor and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MAGNETITE IX, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE VII, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE VIII, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XI, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XII, LTD.,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XIV, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Collateral Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XV, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XVI, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., as Portfolio Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAGNETITE XVII, LIMITED,
as a Lender
By: BlackRock Financial Management, Inc., as Interim Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
MAINSTAY INCOME BUILDER FUND, A SERIES OF THE MAINSTAY FUNDS,
as a Lender
By: MacKay Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MAINSTAY UNCONSTRAINED BOND FUND, A SERIES OF THE MAINSTAY FUNDS,
as a Lender
By: MacKay Shields LLC, as Subadvisor and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MAINSTAY VP INCOME BUILDER PORTFOLIO, A SERIES OF MAINSTAY VP FUNDS TRUST,
as a Lender
By: MacKay Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MAINSTAY VP UNCONSTRAINED BOND PORTFOLIO, A SERIES OF MAINSTAY VP FUNDS TRUST,
as a Lender
By: MacKay Shields LLC, as Subadviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MARBLE POINT CLO XI LTD.,
as a Lender
By: Marble Point CLO Management LLC, its Manager
By:
/s/ Thomas Shandell
Name: Thomas Shandell
Title: CEO
|
|
MARYLAND STATE RETIREMENT AND PENSION SYSTEM,
as a Lender
By: MacKay Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
MATTERHORN LOAN TRUST 2015,
as a Lender
By: Credit Suisse Asset Management, LLC as investment manager for BNY Mellon Trust Company (Cayman) Ltd., the trustee for Matterhorn Loan Trust 2015
By:
/s/ Thomas Flannery
Name: Thomas Flannery
Title: Managing Director
|
|
MIDOCEAN CREDIT CLO II,
as a Lender
By: MidOcean Credit Fund Management LP, as Portfolio Manager
By: Ultramar Credit Holdings, Ltd., its General Partner
By:
/s/ Jim Wiant
Name: Jim Wiant
Title: Managing Director
|
|
MIDOCEAN CREDIT CLO III,
as a Lender
By: MidOcean Credit Fund Management LP, as Portfolio Manager
By: Ultramar Credit Holdings, Ltd., its General Partner
By:
/s/ Jim Wiant
Name: Jim Wiant
Title: Managing Director
|
|
MIDOCEAN CREDIT CLO IV,
as a Lender
By: MidOcean Credit Fund Management LP, as Portfolio Manager
By: Ultramar Credit Holdings, Ltd., its General Partner
By:
/s/ Jim Wiant
Name: Jim Wiant
Title: Managing Director
|
|
MINEWORKERS’ PENSION SCHEME,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
MP CLO VI, LTD.,
as a Lender
By: MP CLO Management LLC, its Manager
By:
/s/ Thomas Shandell
Name: Thomas Shandell
Title: CEO
|
|
MT. WHITNEY SECURITIES, LLC,
as a Lender
By: Deutsche Investment Management Americas Inc.
By:
/s/ Mark Rigazio
Name: Mark Rigazio
Title: Portfolio Manager
By:
/s/ Shayna Malnak
Name: Shayna Malnak
Title: Vice President
|
|
MUSASHI SECURED CREDIT FUND LTD.,
as a Lender
By: GSO Capital Advisors LLC, as Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
NATIONAL PENSION SERVICE,
as a Lender
By: Ares Capital Management III LLC, its Investment Manager
By:
/s/ Ben Kattan
Name: Ben Kattan
Title: Authorized Signatory
|
|
NB GLOBAL FLOATING RATE INCOME FUND LIMITED,
as a Lender
By:
/s/ Colin Donlan
Name: Colin Donlan
Title: Authorized Signatory
|
|
NEUBERGER BERMAN CLO XVIII, LTD.,
as a Lender
By: Neuberger Berman Investment Advisers LLC as collateral manager
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NEUBERGER BERMAN CLO XXI, LTD.,
as a Lender
By: Neuberger Berman Investment Advisers LLC as its Collateral Manager
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NEUBERGER BERMAN FLOATING RATE INCOME FUND,
as a Lender
By: Neuberger Berman Fixed Income LLC as collateral manager
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NEUBERGER BERMAN LOAN ADVISERS CLO 24, LTD.,
as a Lender
By: Neuberger Berman Loan Advisers LLC, as Collateral Manager
By: Neuberger Berman Investment Advisers LLC, as Sub-Advisor
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NEUBERGER BERMAN SENIOR FLOATING RATE INCOME FUND LLC,
as a Lender
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NEW YORK LIFE INSURANCE COMPANY, GP - PORTABLE ALPHA,
as a Lender
By: Mac
Ka
y Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
NEW YORK LIFE INSURANCE COMPANY (GUARANTEED PRODUCTS),
as a Lender
By: MacKay Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
NF LOAN TRUST 2016,
as a Lender
By: Neuberger Berman Investment Advisers LLC As Investment Manager
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NJP BANK LOAN FUND 2015 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
NJP LOAN FUND 2016 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Neuberger Berman Investment Advisers LLC, as Investment Manager
By:
/s/ Colin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
OAKTREE EIF III SERIES II, LTD.,
as a Lender
By: Oaktree Capital Management, L.P. its Collateral Manager
By:
/s/ Peter Deschner
Name: Peter Deschner
Title: Managing Director
By:
/s/ Armen Panossian
Name: Armen Panossian
Title: Managing Director
|
|
OCTAGON INVESTMENT PARTNERS 26, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Portfolio Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON INVESTMENT PARTNERS 24, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Collateral Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON INVESTMENT PARTNERS 25, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Collateral Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON INVESTMENT PARTNERS XVI, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Collateral Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON INVESTMENT PARTNERS XXII, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Collateral Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON INVESTMENT PARTNERS XXIII, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Collateral Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON LOAN TRUST 2010,
as a Lender
By: Octagon Credit Investors, LLC as Investment Manager on behalf of The Bank of New York Trust Company (Cayman) Limited, as Trustee of Octagon Loan Trust 2010
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OCTAGON PAUL CREDIT FUND SERIES I, LTD.,
as a Lender
By: Octagon Credit Investors, LLC as Portfolio Manager
By:
/s/ Kimberly Wong Lem
Name: Kimberly Wong Lem
Title: Vice President, Portfolio Administration
|
|
OHA CREDIT PARTNERS XIII, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS IX, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS VII, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS VIII, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS X, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS XI, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA CREDIT PARTNERS XII, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA LOAN FUNDING 2012-1, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA LOAN FUNDING 2013-1, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA LOAN FUNDING 2013-2, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA LOAN FUNDING 2015-1, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA LOAN FUNDING 2016-1, LTD.,
as a Lender
By: Oak Hill Advisors, L.P. as Portfolio Manager
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHA S.C.A., SICAV-SIF,
as a Lender
By: OHA Management (Luxeumbourg) S.A r.l., in its capacity of General Partner
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
OHIO POLICE & FIRE PENSION FUND
as a Lender
By: MacKay Shields LLC, as Investment Adviser and not individually
By:
/s/ Dan Roberts
Name: Dan Roberts
Title: Executive Managing Director
|
|
OPTUM BANK, INC.,
as a Lender
By: GSO Capital Advisors LLC as Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
OZLM FUNDING II, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its portfolio manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM FUNDING III, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its portfolio manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM FUNDING IV, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its portfolio manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM FUNDING V, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its portfolio manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM FUNDING II, LTD.,
as a Lender
By: OZ CLO Management LLC, its portfolio manager
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM IX, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM VI, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its asset manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM VII, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM VIII, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XI, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XII, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XIII, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XIV, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XV, LTD.,
as a Lender
By: Och-Ziff Loan Management LP, its collateral manager
By: Och-Ziff Loan Management LLC, its general partner
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
OZLM XIV, LTD.,
as a Lender
By: OZ CLO Management LLC, its successor portfolio manager
By:
/s/ Alesia J. Haas
Name: Alesia J. Haas
Title: CFO
|
|
PACIFIC LIFE INSURANCE COMPANY, (FOR IMDBKLNS ACCOUNT),
as a Lender
By:
/s/ Anar Majmudar
Name: Anar Majmudar
Title: Authorized Signatory
|
|
PACIFIC SELECT FUND FLOATING RATE LOAN PORTFOLIO,
as a Lender
By: Eaton Vance Management as Investment Sub-Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
PARTNER REINSURANCE COMPANY OF THE U.S.,
as a Lender
By: HPS Investment Partners, LLC, its Investment Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
PERMANENS CAPITAL FLOATING RATE FUND LP,
as a Lender
By: BlackRock Financial Management Inc., Its Sub-Advisor
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
PI SOLUTIONS - GLOBAL FLOATING RATE INCOME,
as a Lender
By: Amundi Pioneer Asset Management, Inc.
By:
/s/ Margaret C. Begley
Name: Margaret C. Begley
Title: Vice President and Associate General Counsel
|
|
PIMCO BERMUDA TRUST II: PIMCO BERMUDA BANK LOAN FUND (M),
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO CAYMAN BANK LOAN LIBOR PLUS FUND JPY HEDGE A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO CAYMAN BANK LOAN LIBOR PLUS FUND JPY HEDGE SERIES 2 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO CAYMAN BANK LOAN LIBOR PLUS FUND JPY HEDGE SERIES 3: A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO CAYMAN TRUST: PIMCO CAYMAN BANK LOAN FUND,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO CAYMAN TRUST: PIMCO CAYMAN U.S. BLENDED CREDIT FUND 2016,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PIMCO FUNDS IRELAND PLC: PIMCO SENIOR LOAN FUND,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
PINNACLE PARK CLO, LTD,
as a Lender
By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
PIONEER FLOATING RATE FUND,
as a Lender
By: Amundi Pioneer Asset Management, Inc.
By:
/s/ Margaret C. Begley
Name: Margaret C. Begley
Title: Vice President and Associate General Counsel
|
|
PIONEER INVESTMENTS DIVERSIFIED LOANS FUND,
as a Lender
By: Amundi Pioneer Asset Management, Inc.
By:
/s/ Margaret C. Begley
Name: Margaret C. Begley
Title: Vice President and Associate General Counsel
|
|
PREFERRED MUTUAL INSURANCE COMPANY,
as a Lender
By: Wellington Management Company LLP as is Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
PROVIDENCE ST. JOSEPH HEALTH LONG TERM PORTFOLIO,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
PT. BANK NEGARA INDONESIA (PERSERO) TBK, NEW YORK AGENCY,
as a Lender
By:
/s/ Jerry Phillips
Name: Jerry Phillips
Title: Relationship Manager
By:
/s/ Oswald Tambunan
Name: Oswald Tambunan
Title: General Manager
|
|
QUAMVIS SCA SICAV-FIS,
as a Lender
By: Neuberger Berman Investment Adviser LLC
By:
/s/ Conlin Donlan
Name: Conlin Donlan
Title: Authorized Signatory
|
|
RACE POINT X CLO, LIMITED,
as a Lender
By: Bain Capital Credit, LP, as Portfolio Manager
By:
/s/ Andrew Viens
Name: Andrew Viens
Title: Executive Vice President
|
|
RAYMOND JAMES BANK, N.A.,
as a Lender
By:
/s/ Daniel Gendron
Name: Daniel Gendron
Title: Vice President
|
|
RECETTE CLO, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
REGATTA II FUNDING LP,
as a Lender
By: Napier Park Global Capital (US) LP, Attorney-in-fact
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA III FUNDING LTD,
as a Lender
By: Napier Park Global Capital (US) LP, Attorney-in-fact
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA IV FUNDING LTD,
as a Lender
By: Napier Park Global Capital (US) LP, Attorney-in-fact
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA IX FUNDING LTD,
as a Lender
By: Regatta Loan Management LLC its Collateral Manager
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA V FUNDING LTD,
as a Lender
By: Napier Park Global Capital (US) LP, Attorney-in-fact
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA VI FUNDING LTD,
as a Lender
By: Regatta Loan Management LLC its Collateral Manager
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA VII FUNDING LTD,
as a Lender
By: Regatta Loan Management LLC its Collateral Manager
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGATTA VIII FUNDING LTD,
as a Lender
By: Regatta Loan Management LLC, attorney-in-fact
By:
/s/ Melanie Hanlon
Name: Melanie Hanlon
Title: Managing Director
|
|
REGENCE BLUECROSS BLUESHIELD OF OREGON,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
REGENCE BLUECROSS BLUESHIELD OF UTAH,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
REGENCE BLUESHIELD,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By:
/s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
REGENCE BLUESHIELD OF IDAHO,
as a Lender
By: Pacific Investment Management Company LLC, as its Investment Advisor
By: /
s/ Arthur Y.D. Ong
Name: Arthur Y.D. Ong
Title: Executive Vice President
|
|
RENAISSANCE TRUST 2009,
as a Lender
By: HPS Investment Partners LLC, Its Sub-Investment Manager
By:
/s/ Jamie Donsky
Name: Jamie Donsky
Title: Senior Vice President
|
|
RISERVA CLO, LTD,
as a Lender
By: Invesco RR Fund L.P. as Collateral Manager
By: Invesco RR Associates LLC, as general partner
By: Invesco Senior Secured Management, Inc. as sole member
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
ROMARK CLO - I LTD,
as a Lender
By: Shenkman Capital Management, Inc. as Servicer
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
SAEV MASTERFONDS WELLINGTON GLOBAL HIGH YIELD,
as a Lender
By: Wellington Management Company LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
SAFETY INSURANCE COMPANY,
as a Lender
By: Wellington Management Company LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
SENIOR DEBT PORTFOLIO,
as a Lender
By: Boston Management and Research as Investment Advisor
By:
/s/ Michael Brotthof
Name: Michael Brotthof
Title: Vice President
|
|
SENTRY INSURANCE A MUTUAL COMPANY,
as a Lender
By: Invesco Senior Secured Management, Inc. as Sub-Advisor
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
SHELL CONTRIBUTORY PENSION FUND,
as a Lender
By: Invesco Senior Secured Management, Inc as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
SHENKMAN FLOATING RATE HIGH INCOME FUND,
as a Lender
By: Shenkman Capital Management, Inc., as Collateral Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
SOCIETE GENERALE,
as a Lender
By:
/s/ Julian Thinat
Name: Julian Thinat
Title: Authorized Signatory
|
|
SOUND HARBOR LOAN FUND 2014-1 LTD.,
as a Lender
By: Allianz Global Investors U.S. LLC, as Manager
By:
/s/ Thomas E. Bancroft
Name: Thomas E. Bancroft
Title: Portfolio Manager
|
|
SOUND POINT CLO II, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO III, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO IV, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO IX, LTD,
as a Lender
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO V, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO VI, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO VII, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO VIII, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO X, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO XI, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO XII, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO XIV, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO XV, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
SOUND POINT CLO XVI, LTD,
as a Lender
By: Sound Point Capital Management, LP as Collateral Manager
By:
/s/ Andrew Wright
Name: Andrew Wright
Title: Authorized Signatory
|
|
STATE BANK OF INDIA, CHICAGO BRANCH,
as a Lender
By:
/s/ Manoranjan Panda
Name: Manoranjan Panda
Title: VP & Head (CMC)
|
|
STATE STREET BANK AND TRUST COMPANY,
as a Lender
By:
/s/ Ryan Mensching
Name: Ryan Mensching
Title: Vice President
|
|
STICHTING SHELL PENSIOENFONDS,
as a Lender
By: Invesco Senior Secured Management, Inc as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
STONE TOWER LOAN TRUST 2010,
as a Lender
By: Apollo Fund Management LLC, as its Investment Manager
By:
/s/ Joseph Glatt
Name: Joseph Glatt
Title: Vice President
|
|
SUMITOMO MITSUI TRUST BANK, LIMITED, NEW YORK BRANCH,
as a Lender
By:
/s/ Albert C. Tew II
Name: Albert C. Tew II
Title: Senior Vice President
|
|
SUNAMERICA SENIOR FLOATING RATE FUND, INC-AIG SENIOR FLOATING RATE FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
SWISS CAPITAL ALTERNATIVE STRATEGIES FUNDS SPC FOR THE ACCOUNT OF SC ALTERNATIVE STRATEGY 9SP,
as a Lender
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
SWISS CAPITAL PRO LOAN V PLC,
as a Lender
By:
/s/ Gretchen Bergstresser
Name: Gretchen Bergstresser
Title: Senior Portfolio Manager
|
|
TEACHER’S RETIREMENT SYSTEM OF THE STATE OF KENTUCKY,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
THE CITY OF NEW YORK GROUP TRUST,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
CITY OF NEW YORK GROUP TRUST,
as a Lender
By: Voya Investment Management Co. LLC as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
THE HARTFORD FLOATING RATE HIGH INCOME FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
THE HARTFORD SHORT DURATION FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
THE HARTFORD STRATEGIC INCOME FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
THE U.S. BUSINESS OF THE CANADA LIFE ASSURANCE COMPANY,
as a Lender
By:
/s/ Jack Brown
Name: Jack Brown
Title: SVP Separate Accounts
|
|
EMPLOYEES & AGENTS PENSION PLAN GWL&A FINANCIAL INC,
as a Lender
By:
/s/ Jack Brown
Name: Jack Brown
Title: SVP Separate Accounts
|
|
THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY,
as a Lender
By:
/s/ Bernie M. Casey
Name: Bernie M. Casey
Title: AVP & Senior Credit Analyst
|
|
THL CREDIT WIND RIVER 2017-2 CLO LTD.,
as a Lender
By: THL Credit Advisors LLC, its Asset
By:
/s/ James R. Fellows
Name: James R. Fellows
Title: Managing Director/Co-Head
|
|
THL CREDIT WIND RIVER 2017-3 CLO LTD.,
as a Lender
By: THL Credit Advisors LLC, its Warehouse Collateral Manager
By:
/s/ James R. Fellows
Name: James R. Fellows
Title: Managing Director/Co-Head
|
|
TICP CLO I, LTD.,
as a Lender
By: TICP CLO I Management, LLC, its collateral manager
By:
/s/ Daniel Wanek
Name: Daniel Wanek
Title: Vice President
|
|
TICP CLO VII, LTD.,
as a Lender
By: TICP CLO I Management, LLC, its collateral manager
By:
/s/ Daniel Wanek
Name: Daniel Wanek
Title: Vice President
|
|
TRINITAS CLO VI, LTD.,
as a Lender
By:
/s/ Gibran Mahmud
Name: Gibran Mahmud
Title: Chief Investment Officer
|
|
U.S. SPECIALTY INSURANCE COMPANY,
as a Lender
By: BlackRock Investment Management, LLC, its Investment Manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
UNISUPER,
as a Lender
By: Oak Hill Advisors, L.P.
By:
/s/ Glenn August
Name: Glenn August
Title: Authorized Signatory
|
|
UNITEDHEALTHCARE INSURANCE COMPANY,
as a Lender
By: BlackRock Financial Management Inc.; its investment manager
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
|
UNITEDHEALTHCARE INSURANCE COMPANY,
as a Lender
By: GSO Capital Advisors LLC as Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
UNITEDHEALTHCARE INSURANCE COMPANY,
as a Lender
By: GSO Capital Advisors II LLC as Manager
By:
/s/ Thomas Iannarone
Name: Thomas Iannarone
Title: Authorized Signatory
|
|
UPLAND CLO, LTD.,
as a Lender
By: Invesco Senior Secured Management, Inc. as Collateral Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
UPPER TIER CORPORATE LOAN FUND I,
as a Lender
By: Invesco Senior Secured Management, Inc. as Investment Manager
By:
/s/ Kevin Egan
Name: Kevin Egan
Title: Authorized Individual
|
|
UTICA MUTUAL INSURANCE COMPANY,
as a Lender
By: Wellington Management Company LLP as its Investment Advisor
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
VIRGINIA COLLEGE SAVINGS PLAN,
as a Lender
By: Shenkman Capital Management, Inc., as Investment Manager
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
VOYA CLO 2013-1, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2013-2 LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2013-3, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2014-1, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2014-2, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2014-3, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2014-4, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2015-1, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2015-2, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2015-3, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2016-1, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2016-2, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2016-3, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2016-4, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
VOYA CLO 2017-1, LTD.,
as a Lender
By: Voya Alternative Asset Management LLC, as its investment manager
By:
/s/ Jim Essert
Name: Jim Essert
Title: Senior Vice President
|
|
WELLFLEET CLO 2016-1, LTD.,
as a Lender
By:
/s/ Dennis Talley
Name: Dennie Talley
Title: Portfolio Manager
|
|
WELLFLEET CLO 2017-1, LTD.,
as a Lender
By: Wellfleet Credit Partners, LLC as Collateral Manager
By:
/s/ Dennis Talley
Name: Dennis Talley
Title: Portfolio Manager
|
|
WELLINGTON MULTI-SECTOR CREDIT FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WELLINGTON TRUST COMPANY, NATIONAL ASSOCIATION MULTIPLE COMMON TRUST FUNDS TRUST-OPPORTUNISTIC FIXED INCOME ALLOCATION PORTFOLIO,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WELLINGTON TRUST COMPANY, NATIONAL ASSOCIATION MULTIPLE COLLECTIVE INVESTMENT FUNDS TRUST II MULTI-SECTOR CREDIT II PORTFOLIO,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WELLINGTON TRUST COMPANY, NATIONAL ASSOCIATION MULTIPLE COMMON TRUST FUNDS TRUST OPPORTUNISTIC INFLATION SENSITIVE BOND PORTFOLIO,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WELLMARK, INC.,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WESPATH FUNDS TRUST,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
WM POOL - HIGH YIELD FIXED INTEREST TRUST,
as a Lender
By:
/s/ Patricia Charles
Name: Patricia Charles
Title: Associate
|
|
WM POOL - FIXED INTEREST TRUST NO. 7,
as a Lender
By: Shenkman Capital Management, Inc.
By:
/s/ Dov Braun
Name: Dov Braun
Title: CFO
|
|
WORKERS COMPENSATION FUND,
as a Lender
By: Wellington Management Company, LLP as its Investment Adviser
By:
/s/ Donna Sirianni
Name: Donna Sirianni
Title: Vice President
|
|
YORK CLO-1 LTD.,
as a Lender
By:
/s/ Rizwan Akhter
Name: Rizwan Akhter
Title: Authorized Signatory
|
|
YORK CLO-2 LTD.,
as a Lender
By:
/s/ Rizwan Akhter
Name: Rizwan Akhter
Title: Authorized Signatory
|
|
YORK CLO-3 LTD.,
as a Lender
By:
/s/ Rizwan Akhter
Name: Rizwan Akhter
Title: Authorized Signatory
|
|
ZURICH AMERICAN LIFE INSURANCE COMPANY,
as a Lender
By: BlackRock Financial Management Inc., its Investment Advisor
By:
/s/ Gina Forziati
Name: Gina Forziati
Title: Authorized Signatory
|
(b)
|
Termination of Grantee’s employment by reason of death or Disability or, subject to the consent of the Committee, Grantee’s Retirement.
|
Global Payments Inc.
By:_________________________________________
Its: Authorized Officer
|
Grant Date: 2/26/2018
Grant Number:
Accepted by Grantee: __________________________
|
Continuous Status as a Participant
after Grant Date
|
|
Percent of Option Shares Vested
|
|
|
|
Less than 1 Year
|
|
0%
|
1 Year
|
|
33.33%
|
2 Years
|
|
66.66%
|
3 Years
|
|
100%
|
|
|
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Global Payments Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(e) and 15d–15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a)
|
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c)
|
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d)
|
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a)
|
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b)
|
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
|
By: /s/ Jeffrey S. Sloan
|
Date: May 3, 2018
|
|
|
Jeffrey S. Sloan
|
|
Chief Executive Officer
|
1.
|
I have reviewed this quarterly report on Form 10-Q of Global Payments Inc.;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(e) and 15d–15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a)
|
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b)
|
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
c)
|
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
|
d)
|
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
a)
|
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
|
b)
|
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
|
By: /s/ Cameron M. Bready
|
Date: May 3, 2018
|
|
|
Cameron M. Bready
|
|
Chief Financial Officer
|
1)
|
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
2)
|
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
|
|
/s/ Jeffrey S. Sloan
|
|
|
/s/ Cameron M. Bready
|
|
|
Jeffrey S. Sloan
Chief Executive Officer
Global Payments Inc.
|
|
|
Cameron M. Bready
Chief Financial Officer
Global Payments Inc.
|
|
|
May 3, 2018
|
|
|
May 3, 2018
|
|