UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 6, 2017
GLOBAL EAGLE ENTERTAINMENT INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-35176 | 27-4757800 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6100 Center Drive, Suite 1020, Los Angeles, California 90045
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: 310-437-6000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
Global Eagle Entertainment Inc. ( we or the Company ) entered into an extension letter dated as of October 6, 2017 (the October 2017 Extension ) among the Company and the lenders party thereto (such lenders consenting to the October 2017 Extension, the Consenting Lenders ), relating to (i) the Credit Agreement, dated as of January 6, 2017 (the Credit Agreement ), among the Company, the guarantors party thereto from time to time, the lenders party thereto from time to time (each, a Lender and collectively, the Lenders ) and Citibank, N.A., as Administrative Agent, L/C issuer and swing line lender, (ii) the First Amendment and Limited Waiver to Credit Agreement (the May 2017 Amendment ), dated as of May 4, 2017, (iii) the Amendment to First Amendment and Limited Waiver to Credit Agreement and Second Amendment to Credit Agreement (the June 2017 Amendment ), dated as of June 29, 2017, (iv) the Second Amendment to Limited Waiver (the September 2017 Extension ), dated as of September 13, 2017, and (v) the Third Amendment to Limited Waiver to Credit Agreement and Third Amendment to Credit Agreement (the October 2017 Amendment ), dated as of October 2, 2017. The Credit Agreement, as amended or supplemented by the May 2017 Amendment, the June 2017 Amendment, the September 2017 Extension, the October 2017 Amendment and the October 2017 Extension, is referred to herein as the Amended Credit Agreement .
The Amended Credit Agreement previously required that the Company issue an earnings release for the fiscal quarter and fiscal year ended December 31, 2016 by October 6, 2017. Under the October 2017 Extension, the Company will now have until the date that it files its 2016 Annual Report on Form 10-K to issue the earnings release.
We qualify the foregoing summary of the October 2017 Extension by reference to the full text thereof, a copy of which we have filed as Exhibit 10.1 hereto and incorporate by reference herein.
Item 2.02 Results of Operations and Financial Condition.
Under the October 2017 Amendment (previously described in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on October 3, 2017), the Company agreed to furnish the following selected financial information on a Current Report on Form 8-K on or prior to October 12, 2017:
| The Company expects its first quarter 2017 revenue to be between $151 and $156 million and its second quarter 2017 revenue to be between $154 and $159 million. |
| The Company expects its first quarter 2017 Adjusted EBITDA (+,*) to be between $14 and $19 million and its second quarter 2017 Adjusted EBITDA to be between $15 and $20 million. |
| The Company expects its consolidated cash balance as of December 31, 2017 to be at or above $50 million. Significant additional uses of cash since our prior year-end cash-balance forecast include greater than previously anticipated auditor and professional fees for accounting services for the 2016 audit andto a lesser extentone-time lender fees and various commercial uses. |
+ With respect to the first and second quarter 2017 Adjusted EBITDA estimates in this Current Report on Form 8-K, a quantitative reconciliation to their most directly comparable GAAP financial measure is not available without unreasonable efforts due to current uncertainty with respect to the Companys income tax and goodwill impairment analyses (and any related adjustments) in those periods that are excluded from Adjusted EBITDA. We believe that these items may have a significant impact on our final GAAP financial results for these periods. See also About Non-GAAP Financial Measure below.
In addition, based on managements current internal forecast for 2017, the Company expects to remain in compliance with the consolidated first-lien net leverage ratio contained in the Amended Credit Agreement.
Our estimated first and second quarter 2017 revenue and estimated Adjusted EBITDA performance above is preliminary and unaudited. The estimates are subject to the completion and finalization of quarter-end and 2016 year-end financial and accounting
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procedures, and reflect managements estimates based solely upon information available to management as of the date of this Current Report on Form 8-K. Further, our estimated Adjusted EBITDA performance above should not be viewed as a substitute for quarterly financial statements prepared in accordance with generally accepted accounting principles in the United States of America.
The information in this Item 2.02 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act ), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the Securities Act ), or the Exchange Act, except as expressly set forth by specific reference in such filing.
* About Non-GAAP Financial Measure
To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles, or GAAP, we present Adjusted EBITDA, which is a non-GAAP financial measure, as a measure of our performance. The presentation of Adjusted EBITDA is not intended to be considered in isolation from, or as a substitute for, or superior to, net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
Adjusted EBITDA is one of the primary measures used by our management and Board of Directors to understand and evaluate our financial performance and operating trends, including period-to-period comparisons, to prepare and approve our annual budget and to develop short- and long-term operational plans. Additionally, Adjusted EBITDA is one of the primary measures used by the Compensation Committee of our Board of Directors to establish the funding targets for (and subsequent funding of) our Annual Incentive Plan bonuses for our employees and executives. We believe our presentation of Adjusted EBITDA is useful to investors both because it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and because our management frequently uses it in discussions with investors, commercial bankers, securities analysts and other users of our financial statements.
We define Adjusted EBITDA as net income (loss) before (a) income tax expense (benefit), (b) interest income (expense), (c) change in fair value of financial instruments, (d) other (income) expense, including primarily, when applicable, (gains) losses from investments, loss on disposal and impairment of fixed assets and foreign-currency transactions (gains) losses, (e) goodwill impairment expense, (f) depreciation and amortization (including relating to equity-method investments), (g) stock-based compensation, (h) acquisition, integration and realignment expenses, including acquisition-related expenses and transaction costs and legal, accounting and other professional fees attributable to acquisition and corporate realignment activities, (i) extraordinary professional accounting fees relating to our 2016 and 2017 audits, (j) operation realignment set-up fees, (k) employee severance and termination benefits as well as employee retention and relocation costs, (l) settlement fees and expenses (and related third-party professional fees) and loss-contingency reserves for actual or threatened litigation pertaining to liabilities (that existed prior to their acquisition date) at companies or businesses that we acquired through our M&A activities, (m) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs and (n) restructuring expenses pursuant to our integration plan announced on September 23, 2014. Management does not consider these items to be indicative of our core operating results.
Item 7.01 Regulation FD Disclosure.
Under the Amended Credit Agreement, the Company has agreed to furnish or file the following cash and revolving credit facility outstanding balance amounts.
As of October 12, 2017:
| The Companys consolidated cash balance was approximately $ 38 million, of which approximately $21 million was held by its non-U.S. subsidiaries. |
| The outstanding principal balance under the Companys revolving credit facility was $78 million. |
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The information in this Item 7.01 shall not be deemed filed for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
Cautionary Note Concerning Forward-Looking Statements
We make forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including with respect to our estimated first and second quarter 2017 revenue and Adjusted EBITDA performance, our expected 2017 year-end consolidated cash balance forecast and our expectations regarding our credit-agreement financial-covenant compliance. These forward-looking statements are based on information available to us as of the date of this Current Report on Form 8-K and on our current expectations, forecasts and assumptions, and involve substantial risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. A detailed discussion of risks and uncertainties related to our business is included in the section entitled Risk Factors in our most recent Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
We incorporate by reference herein the Exhibit Index following the signature page to this Current Report on Form 8-K.
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EXHIBIT INDEX
Exhibit No. |
Description |
|
10.1 | Extension Letter, dated as of October 6, 2017, among Global Eagle Entertainment Inc. and the lenders party thereto. |
5
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GLOBAL EAGLE ENTERTAINMENT INC. | ||||
By: |
/s/ Paul Rainey |
|||
Name: Paul Rainey | ||||
Title: Chief Financial Officer | ||||
Dated: October 12, 2017 |
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Exhibit 10.1
October 6, 2017
Global Eagle Entertainment Inc.
6100 Center Drive, Suite 1020
Los Angeles, California 90045
Ladies and Gentlemen:
Reference is made to the Credit Agreement, dated as of January 6, 2017 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the Credit Agreement ; capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Credit Agreement), among GLOBAL EAGLE ENTERTAINMENT INC., a Delaware corporation (the Borrower ), the Guarantors party thereto from time to time, CITIBANK, N.A., as administrative agent (in such capacity, the Administrative Agent ), L/C Issuer and Swing Line Lender, and each Lender from time to time party thereto.
The Borrower has requested that the Required Lenders extend the due date for the issuance by the Borrower, pursuant to Section 6.01(h) of the Credit Agreement, of an earnings release for the Fiscal Quarter and the Fiscal Year ended December 31, 2016 (including a related balance sheet, statement of income and statement of cash flows) to the 2016 Annual Financial Statement Delivery Date. Notwithstanding anything to the contrary in the Credit Agreement or any other Loan Document, including Section 6.01(h) of the Credit Agreement, the Lenders party hereto (constituting the Required Lenders) hereby agree and consent to the extension of the due date for the issuance by the Borrower of an earnings release for the Fiscal Quarter and the Fiscal Year ended December 31, 2016 (including a related balance sheet, statement of income and statement of cash flows) pursuant to Section 6.01(h) of the Credit Agreement to the 2016 Annual Financial Statement Delivery Date.
Except as expressly modified by this letter agreement (this Agreement ), each Loan Document is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Agreement, each reference in the Loan Documents to the Credit Agreement, thereunder, thereof (and each reference in the Credit Agreement to this Agreement, hereunder or hereof) or words of like import shall mean and be a reference to the Credit Agreement as modified by this Agreement. Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent or the Lenders under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to any other consent to, or any other waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.
This Agreement and the consent set forth herein shall become effective as of the date first written above upon the execution hereof by the Borrower and the Required Lenders. This Agreement shall constitute a Loan Document for purposes of the Credit Agreement.
THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON OR ARISING OUT OF THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. The jurisdiction and waiver of jury trial provisions set forth in Sections 10.15 and 10.16 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis . This Agreement may be executed by the parties hereto in any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by fax, email or other electronic transmission (including in .pdf or .tif format) shall be effective as delivery of a manually executed counterpart of this Agreement.
[Signature Pages Follow]
If the foregoing correctly sets forth our understanding, please indicate your acceptance of the terms hereof by returning to us an executed counterpart hereof, whereupon this letter agreement shall become a binding agreement between us.
Sincerely, | ||
FRANKLIN CUSTODIAN FUNDS-FRANKLIN INCOME FUND, as Lender | ||
By: |
/s/ Richard Hsu |
|
Name: | Richard Hsu | |
Title: | Vice President, Franklin Advisers |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
VECTOR TRADING (CAYMAN), LP, as Lender | ||
By: |
/s/ Jim Murray |
|
VCP Credit, LLC | ||
Its general partner | ||
By: |
/s/ Jim Murray |
|
Name: | Jim Murray | |
Title: | CFO |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
BlackRock Credit Alpha Master Fund L.P. as a Lender | ||
BY: BlackRock Financial Management Inc., in its capacity as investment advisor, as Lender | ||
By: |
/s/ Rob Jacobi |
|
Name: | Rob Jacobi | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
CA 534 Offshore Fund, Ltd as a Lender | ||
By: BlackRock Financial Management, Inc., in its capacity as investment advisor | ||
By: |
/s/ Rob Jacobi |
|
Name: | Rob Jacobi | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
BlackRock Multi-Strategy Master Fund Limited as a Lender | ||
By: BlackRock Institutional Trust Company, N.A., Its Investment Manager |
||
By: |
/s/ Rob Jacobi |
|
Name: | Rob Jacobi | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
The Obsidian Master Fund as a Lender | ||
BY: BlackRock Financial Management, Inc., its Investment Advisor | ||
By: |
/s/ Rob Jacobi |
|
Name: | Rob Jacobi | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
AGF Floating Rate Income Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance CLO 2013-1 LTD, as Lender | ||
By: | Eaton Vance Management as Portfolio Manager | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance CLO 2014-1 Ltd., as Lender | ||
By: | Eaton Vance Management Portfolio Manager | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance CLO 2015-1 Ltd., as Lender | ||
By: | Eaton Vance Management Portfolio Manager | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
DaVinci Reinsurance Ltd., as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Floating-Rate Income Plus Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Senior Floating-Rate Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Floating-Rate Income Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Senior Income Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance International (Cayman Islands) Floating-Rate Income Portfolio, as Lender |
||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Short Duration Diversified Income Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Institutional Senior Loan Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Limited Duration Income Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Floating Rate Portfolio, as Lender | ||
By: | Boston Management and Research as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance US Loan Fund 2016 a Series Trust of Global Cayman Investment Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Brighthouse Funds Trust I - | ||
Brighthouse/Eaton Vance Floating Rate Portfolio, as Lender | ||
By: |
Eaton Vance Management as Investment Sub-Advisor |
|
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Florida Power & Light Company, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Pacific Select Fund-Floating Rate Loan Portfolio, as Lender | ||
By: |
Eaton Vance Management as Investment Sub-Advisor |
|
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Bank Loan Fund Series II, | ||
A Series Trust of Multi Manager Global Investment Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance Loan Fund Series III | ||
A Series Trust of Multi Manager Global Investment Trust, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Renaissance Investment Holdings Ltd, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Columbia Funds Variable Series Trust II - Variable Portfolio - Eaton Vance Floating Rate Income Fund, as Lender | ||
By: |
Eaton Vance Management as Investment Sub-Advisor |
|
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Senior Debt Portfolio, as Lender | ||
By: | Boston Management and Research as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Eaton Vance VT Floating-Rate Income Fund, as Lender | ||
By: | Eaton Vance Management as Investment Advisor | |
By: |
/s/ Michael B. Botthof |
|
Name: | Michael B. Botthof | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Carlyle Global Market Strategies CLO 2012-3, Ltd. | ||
Carlyle Global Market Strategies CLO 2012-4, Ltd | ||
Carlyle Global Market Strategies CLO 2013-1, Ltd. | ||
Carlyle Global Market Strategies CLO 2013-4, Ltd. | ||
Carlyle Global Market Strategies CLO 2014-1, Ltd. | ||
Carlyle Global Market Strategies CLO 2014-2, Ltd. | ||
Carlyle Global Market Strategies CLO 2014-3, Ltd | ||
Carlyle Global Market Strategies CLO 2014-4, Ltd | ||
Carlyle Global Market Strategies CLO 2014-5, Ltd | ||
Carlyle Global Market Strategies CLO 2015-1, Ltd. | ||
Carlyle Global Market Strategies CLO 2015-2, Ltd. | ||
Carlyle Global Market Strategies CLO 2015-3, Ltd. | ||
Carlyle Global Market Strategies CLO 2015-4, LTD | ||
Carlyle Global Market Strategies CLO 2015-5, LTD | ||
Carlyle Global Market Strategies CLO 2016-1, LTD | ||
Carlyle Global Market Strategies CLO 2016-2, LTD | ||
Carlyle Global Market Strategies CLO 2016-3, Ltd | ||
Carlyle US CLO 2016-4, LTD | ||
Carlyle US CLO 2017-1 | ||
Carlyle US CLO 2017-2 | ||
Carlyle US CLO 2017-3 Ltd, as Lender | ||
By: |
/s/ Linda Pace |
|
Name: | Linda Pace | |
Title: | Managing Director |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
ALJ Global Loan Fund 2016 A SERIES TRUST OF MULTI MANAGER GLOBAL INVESTMENT TRUST, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
BNY Mellon Global High Yield Bond Fund, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Collective Trust High Yield Fund, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Dreyfus/Laurel Funds Trust - Dreyfus High Yield Fund, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Global-Loan SV S.a. r.l., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Multi-Credit SV S.a. r.l., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2013-III CLO, Ltd., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2013-IV CLO, LTD, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Shackleton 2014-V CLO, Ltd., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2014-VI CLO, Ltd., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2015-VII CLO, Ltd, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2015-VIII CLO, Ltd., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
Shackleton 2016-IX CLO, Ltd., as a Lender, | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Shackleton 2017-X CLO, Ltd., as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
The Dreyfus Laurel Funds, In. - Dreyfus Floating Rate Income Fund, as a Lender | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President | |
US Loan SV S.a.r.l, as a Lender, | ||
By: |
/s/ Andrew Sieurin |
|
Name: | Andrew Sieurin | |
Title: | Vice President |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
American Beacon Sound Point Floating Rate Income Fund, a series of American Beacon Funds, as Lender | ||
By: |
Sound Point Capital Management, LP as Sub-Advisor |
|
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Cavello Bay Reinsurance Limited, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Commonwealth of Pennsylvania, Treasury Department, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Commonwealth of Pennsylvania, Treasury Department - Tuition Account Program, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Kaiser Foundation Hospitals, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Kaiser Permanente Group Trust, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Privilege Underwriters Reciprocal Exchange, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
PURE Insurance Company, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO III, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO IV, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO IX, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO V, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO VI, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO VII, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO VIII, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO X, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO XI, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO XII, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO XIV, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point CLO XV, Ltd., as Lender | ||
By: | Sound Point Capital Management, LP as Collateral Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Sound Point Senior Floating Rate Master Fund, L.P., as Lender | ||
By: | Sound Point Capital Management, LP as Investment Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Teamsters Pension Trust Fund of Philadelphia & Vicinity, as Lender | ||
By: | Sound Point Capital Management, LP as Manager | |
By: |
/s/ Andrew Wright |
|
Name: | Andrew Wright | |
Title: | Authorized Signatory |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]
Accepted and agreed to as of | ||
the date first above written: | ||
GLOBAL EAGLE ENTERTAINMENT INC. | ||
By: |
/s/ Paul Rainey |
|
Name: | Paul Rainey | |
Title: | Chief Financial Officer |
[Signature Page to Consent to Extension of Due Date for Delivery of Earnings Release]