10000024379

IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: COLLINS & AIKMAN CORPORATION,
et al.1 Debtors. ) ) ) ) ) ) ) ) ) ) Chapter 11 Case No. 05-55927 (SWR) (Jointly Administered) (Tax Identification #13-3489233) Honorable Steven W. Rhodes
Hearing Date (if necessary): February 9, 2006 at 2:00 p.m. Objection Deadline: February 8, 2006 at 4:00 p.m.
MOTION FOR AN ORDER AUTHORIZING THE DEBTORS TO ENTER INTO THE THIRD AMENDMENT TO AND CONSENT UNDER DEBTOR IN POSSESSION FINANCING AGREEMENT The above-captioned debtors (collectively, the Debtors) hereby move the Court (the Motion) for the entry of an order, substantially in the form of Exhibit A, authorizing the Debtors to enter into the Third Amendment to and Consent under (the Amendment) the Amended and Restated Revolving Credit, Term Loan and Guaranty Agreement, dated as of July 28, 2005 (as heretofore amended, restated, modified or supplemented, the DIP Credit
1
The Debtors in the jointly administered cases include: Collins & Aikman Corporation; Amco Convertible Fabrics, Inc., Case No. 05-55949; Becker Group, LLC (d/b/a/ Collins & Aikman Premier Mold), Case No. 05-55977; Brut Plastics, Inc., Case No. 05-55957; Collins & Aikman (Gibraltar) Limited, Case No. 05-55989; Collins & Aikman Accessory Mats, Inc. (f/k/a the Akro Corporation), Case No. 05-55952; Collins & Aikman Asset Services, Inc., Case No. 05-55959; Collins & Aikman Automotive (Argentina), Inc. (f/k/a Textron Automotive (Argentina), Inc.), Case No. 05-55965; Collins & Aikman Automotive (Asia), Inc. (f/k/a Textron Automotive (Asia), Inc.), Case No. 0555991; Collins & Aikman Automotive Exteriors, Inc. (f/k/a Textron Automotive Exteriors, Inc.), Case No. 05-55958; Collins & Aikman Automotive Interiors, Inc. (f/k/a Textron Automotive Interiors, Inc.), Case No. 05-55956; Collins & Aikman Automotive International, Inc., Case No. 05-55980; Collins & Aikman Automotive International Services, Inc. (f/k/a Textron Automotive International Services, Inc.), Case No. 05-55985; Collins & Aikman Automotive Mats, LLC, Case No. 05-55969; Collins & Aikman Automotive Overseas Investment, Inc. (f/k/a Textron Automotive Overseas Investment, Inc.), Case No. 05-55978; Collins & Aikman Automotive Services, LLC, Case No. 05-55981; Collins & Aikman Canada Domestic Holding Company, Case No. 05-55930; Collins & Aikman Carpet & Acoustics (MI), Inc., Case No. 05-55982; Collins & Aikman Carpet & Acoustics (TN), Inc., Case No. 05-55984; Collins & Aikman Development Company, Case No. 05-55943; Collins & Aikman Europe, Inc., Case No. 05-55971; Collins & Aikman Fabrics, Inc. (d/b/a Joan Automotive Industries, Inc.), Case No. 05-55963; Collins & Aikman Intellimold, Inc. (d/b/a M&C Advanced Processes, Inc.), Case No. 05-55976; Collins & Aikman Interiors, Inc., Case No. 05-55970; Collins & Aikman International Corporation, Case No. 05-55951; Collins & Aikman Plastics, Inc., Case No. 05-55960; Collins & Aikman Products Co., Case No. 05-55932; Collins & Aikman Properties, Inc., Case No. 0555964; Comet Acoustics, Inc., Case No. 05-55972; CW Management Corporation, Case No. 05-55979; Dura Convertible Systems, Inc., Case No. 05-55942; Gamble Development Company, Case No. 05-55974; JPS Automotive, Inc. (d/b/a PACJ, Inc.), Case No. 05-55935; New Baltimore Holdings, LLC, Case No. 05-55992; Owosso Thermal Forming, LLC, Case No. 05-55946; Southwest Laminates, Inc. (d/b/a Southwest Fabric Laminators Inc.), Case No. 05-55948; Wickes Asset Management, Inc., Case No. 05-55962; and Wickes Manufacturing Company, Case No. 05-55968.
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Agreement), among the Debtors, JPMorgan Chase Bank, N.A. (JPMorgan), each of the other financial institutions from time to time party thereto (together with JPMorgan, the Lenders) and JPMorgan, as administrative agent for the Lenders (in such capacity, the Agent). In support of this Motion, the Debtors respectfully state as follows: Jurisdiction 1. The Court has jurisdiction over this matter pursuant to 28 U.S.C. 1334.
This matter is a core proceeding within the meaning of 28 U.S.C. 157 (b)(2). 2. 3. Venue is proper pursuant to 28 U.S.C. 1408 and 1409. The statutory basis for the relief requested herein is section 363(b) of the
Bankruptcy Code, 11 U.S.C. 101-1330 (the Bankruptcy Code). Background A. General Background 4. On May 17, 2005 (the Petition Date), the Debtors filed their voluntary
petitions for relief under chapter 11 of the Bankruptcy Code. The Debtors are operating their businesses and managing their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these cases. On the Petition Date, the Court entered an order jointly administering these cases pursuant to Bankruptcy Rule 1015(b). 5. On May 24, 2005, the United States trustee appointed an official
committee of unsecured creditors pursuant to section 1102 of the Bankruptcy Code (the Committee). 6. The Debtors and their non-debtor affiliates are leading global suppliers of
automotive components, systems and modules to all of the worlds largest vehicle manufacturers, including DaimlerChrysler AG, Ford Motor Company, General Motors Corporation, Honda 2
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Motor Company, Inc., Nissan Motor Company Unlimited, Porsche Cars GB, Renault Crateur DAutomobiles, Toyota SA and Volkswagen AG. B. The DIP Credit Agreement 7. On the Petition Date, the Debtors filed the First Day Motion for Interim
and Final Orders (I) Authorizing Debtors to (A) Obtain Post-Petition Secured Financing and (B) Utilize Cash Collateral; (II) Granting Adequate Protection to Pre-Petition Secured Parties; and (III) Scheduling Final Hearing [Docket No. 8] (the JPMorgan DIP Motion). On the
Petition Date, the Court approved the JPMorgan DIP Motion on an interim basis [Docket No. 39]. 8. On July 28, 2005, the Court approved the JPMorgan DIP Motion on a
final basis and entered the Final Order (I) Authorizing Debtors (A) to Obtain Post-Petition Financing Pursuant to 11 U.S.C. 105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3), 364(d)(1) and 364(e) and (B) to Utilize Cash Collateral Pursuant to 11 U.S.C. 363 and (II) Granting Adequate Protection to Pre-Petition Secured Parties Pursuant to 11 U.S.C. 361, 362, 363 and 364 [Docket No. 809] (the Final DIP Order). 9. On October 20, 2005, the Debtors filed a motion to amend the DIP Credit
Agreement [Docket No. 1523] to, among other things: (a) accommodate aspects of agreements reached with the Debtors six largest customers for pricing and related relief; (b) cure certain Defaults and Events of Default (each as defined in the DIP Credit Agreement); and (c) modify certain provisions of the DIP Credit Agreement to be consistent with the Debtors ongoing business operations. On October 31, 2005, the Court entered an order approving the motion [Docket No. 1605].
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C.
Need for Amendment 10. On January 26, 2006, the Debtors filed the Motion for Entry of an Order
Authorizing the Transfer and License of Certain Intellectual Property Rights (the IP Transaction) of the Debtors [Docket No. 2103] (the IP Motion) and an ex parte motion to shortened the notice period and schedule an expedited hearing on the IP Motion [Docket No. 2104] (the Ex Parte IP Motion and collectively, the IP Motions). The Court granted the Ex Parte IP Motion and scheduled the hearing on the IP Motion for February 9, 2006. 11. In its current form, the DIP Credit Agreement restricts the Debtors ability
to sell certain assets, and consequently, the IP Transaction requires the approval of the DIP Lenders. See DIP Credit Agreement 6.11; IP Motion, fn. 6. The Amendment
substantially in the form attached hereto as Exhibit B, among other things, provides the DIP Lenders consent to the transaction set forth in the IP Motion. See Amendment, 10. Accordingly, the Debtors are now moving for approval of the Amendment, on an expedited basis, to ensure that the Debtors are able to consummate the IP Transaction and remain in full compliance with the DIP Credit Agreement. 12. Furthermore, the Amendment is necessary to, among other things, permit
the Debtors to engage in certain other transactions currently restricted by the DIP Credit Agreement, modify provisions governing the sharing of proceeds received by the Debtors from certain transactions, increase the Debtors ability to sell, dispose of and transfer certain non-core assets and continue the moratorium on the Borrowing Base (as defined in the DIP Credit Agreement).
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D.
Summary of the Amendment to the DIP Credit Agreement 13. The following summarizes many of the material terms of the
Amendment.2 a. Consent to Certain Transactions
i. The Amendment consents to the following five transactions (subject to the Debtors complying with provisions related to the application of proceeds from the transactions): (1) the IP Transaction and certain similar transactions with prospective buyers of assets of the Debtors European subsidiaries; (2) the sale of 100% of the Debtors equity interest in a non-Debtor subsidiary of Collins & Aikman Products Co. (Collins & Aikman MOBIS, LLC); (3) the monetization and collection of assets held by the Debtors in connection with the prepetition supplemental employee retirement program, including the monetization of certain rabbi trust accounts; (4) the dissolution of a non-Debtor subsidiary of Collins & Aikman Products Co. (Waterstone Insurance, Inc.); and (5) the sale of 100% of Debtors equity interest in a non-Debtor European subsidiary.3 b. Agreement on Application of Proceeds
i. With respect to the transactions to which the Lenders consent in the Amendment, the Amendment sets forth the allocation of the proceeds between the Debtors and the Lenders and the parameters regarding the Debtors use of such proceeds. ii. With respect to amounts received by the Debtors from their claims and interests in their European subsidiaries, such proceeds shall be escrowed pending agreement among the requisite Lenders, the Debtors and the Agent for the application of such amounts.
The following summary of the Amendment is provided solely for the convenience of the Court and parties in interest. To the extent that there are any discrepancies between this summary and the Amendment, the terms and language of the Amendment shall govern. Unless defined herein, capitalized terms used, but not defined in this summary of the Amendment, shall have the meanings ascribed to them in the Amendment or the DIP Credit Agreement, as applicable. The Debtors are not requesting Court approval of these transactions by this Motion.
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c.
Modifications to the Negative Covenants
i. The Amendment modifies the negative covenant restricting the Indebtedness incurred by certain of the Debtors foreign subsidiaries (excluding the UK Debtors and their subsidiaries) to the Debtors, set forth in Section 6.03(iv)(B), to allow the Debtors to incur additional Indebtedness. ii. The Amendment modifies the negative covenant restricting the Indebtedness incurred by the Debtors, set forth in Section 6.03, to allow the recharacterization as a Capitalized Lease of operating leases in Hermasillo, Mexico. iii. The Amendment modifies the negative covenant restricting the Debtors ability to dispose of surplus or uneconomical assets, set forth in Section 6.11(viii), by increasing the aggregate amount of such assets from $2,500,000 to $7,500,000. iv. The Amendment modifies the negative covenant restricting the Debtors ability to dispose of assets and make investments in foreign subsidiaries, set forth in Sections 6.10 and 6.11, by allowing the Debtors to dispose of or transfer equipment having a net book value up to $10,000,000 to certain foreign subsidiaries. d. Other Modifications
i. Borrowing Base. To accommodate the Debtors expected operational needs, the Amendment suspends the Borrowing Base through September 30, 2006. The Amendment includes certain ii. Conditions to Effectiveness. conditions to effectiveness of the Amendment, including (a) the approval of Required Lenders and (b) payment of an amendment fee to each Lender that executes the Amendment on or before February 8, 2006, of an amount equal to 0.125% of the outstanding principal amount of such Lenders Tranche B Loans and Tranche A Commitment. Additionally, the Debtors are required to make a payment to the Agent of an arrangement fee, in the amount disclosed to the Committee (on a confidential basis), pursuant to that certain side letter agreement to be dated on or about February 6, 2006 (the amendment fee and the arrangement fee, collectively, the Amendment Fee). Relief Requested 14. The Final DIP Order provides in paragraph 5.b.2.(ii) that . . . approval of
the Court shall be required for any . . . amendments or . . . modifications to the DIP Credit
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Agreement.4 By this Motion, the Debtors request this Courts approval to enter into the Amendment and pay the Amendment Fee. Basis for Relief 15. Among other things, the Amendment allows the Debtors to modify the
DIP Credit Agreement to allow the Debtors to engage in a number of beneficial transactions, including the IP Transaction, and permits the Debtors to share in the proceeds from such transactions that it otherwise would not be entitled to receive without the consent of the Lenders. In addition to providing the Debtors with additional liquidity by allowing the Debtors to share in the proceeds from disposition of the Lenders collateral, the Amendment permits the Debtors flexibility to make certain investments, transfers and dispositions of non-core assets to allow the Debtors to more productively use their assets. Such benefits to the Debtors are critical at this stage of their reorganization efforts. 16. In exchange for the various amendments and waivers agreed among the
Agent and the Lenders, the Debtors are required to pay the Amendment Fee as a condition to the effectiveness of the Amendment. Failure to receive authority to enter into the Amendment and pay the Amendment Fee will preclude the Debtors from obtaining the substantial financial benefits, protections, consents and waivers provided in the Amendment. 17. Recognizing the importance of the Amendment to the Debtors ongoing
liquidity requirements and restructuring efforts, the Debtors and the Lenders have worked to structure and negotiate a reasonable amendment to the DIP Credit Agreement that accommodates the Debtors ongoing operational requirements. To that end, the Debtors engaged in extensive
Under certain circumstances not relevant here, the Final DIP Order allows certain amendments or other modifications or implementation of waivers or consults without approval of the Court.
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arms-length negotiations with the Lenders concerning the terms of the Amendment and the reasonable amount of the Amendment Fee. The Debtors seek this Courts approval to enter into the Amendment and pay the Amendment Fee pursuant to section 363(b) of the Bankruptcy Code, which requires court approval, after notice and hearing, before estate property is used outside of the ordinary course of the debtors business. In re McDonald Bros. Constr., Inc., 114 B.R. 989, 994 (Bankr. E.D. Ill. 1990). 18. When a debtor seeks authority to act under section 363 of the
Bankruptcy Code, the debtors actions should be approved if the debtor demonstrates good faith, the exercise of sound business judgment and a benefit to its bankruptcy estate. See, e.g., Stephen Indus., Inc. v. McClung, 788 F.2d 386, 390 (6th Cir. 1986) (adopting the sound business purpose standard for sales proposed pursuant to section 363(b)); see also, In re Merry-GoRound Enters., Inc., 180 F.3d 149, 152-53 (4th Cir. 1999) (bankruptcy court approved the lease of property outside of the ordinary course of business based on appropriate exercise of debtors business judgment); Fulton State Bank v. Schipper (In re Schipper), 933 F.2d 513, 515 (7th Cir. 1991) (debtors decision must be supported by an articulated business justification); Institutional Creditors of Continental Air Lines, Inc. v. Continental Air Lines, Inc. (In re Continental Air Lines, Inc.), 780 F.2d 1223, 1226 (5th Cir. 1986) (requiring articulated business justification for buying, selling, or leasing property outside of ordinary course); In re Delaware & Hudson Ry. Co., 124 B.R. 169, 176 (D. Del. 1991) (adopting the sound business purpose test to evaluate motions brought pursuant to section 363(b)). 19. Accordingly, the Amendment, including the Debtors payment of the
Amendment Fee to realize the substantial benefits of the Amendment, is an important component
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of the Debtors ongoing restructuring efforts. The Amendment is in the best interests of the Debtors estates and constitutes a reasonable exercise of the Debtors business judgment. Notice 20. Notice of this Motion has been given to the Core Group, the Primary
Service List and Affected Parties as required by the Case Management Procedures.5 In light of the nature of the relief requested, the Debtors submit that no further notice is required. No Prior Request 21. any other court. No prior motion for the relief requested herein has been made to this or
Capitalized terms used in this paragraph 20 not otherwise defined herein shall have the meanings set forth in the First Amended Notice, Case Management and Administrative Procedures filed on June 9, 2005 [Docket No. 294].
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WHEREFORE, the Debtors respectfully request the entry of an order, substantially in the form attached hereto as Exhibit A, (a) authorizing the Debtors to enter into the Amendment, (b) authorizing the payment of the Amendment Fee and (c) granting such other further relief as is just and proper. Dated: February 3, 2006 KIRKLAND & ELLIS LLP /s/ Marc J. Carmel Richard M. Cieri (NY RC 6062) Citigroup Center 153 East 53rd Street New York, New York 10022 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 -andDavid L. Eaton (IL 3122303) Ray C. Schrock (IL 6257005) Marc J. Carmel (IL 6272032) 200 East Randolph Drive Chicago, Illinois 60601 Telephone: (312) 861-2000 Facsimile: (312) 861-2200 -andCARSON FISCHER, P.L.C. Joseph M. Fischer (P13452) 4111 West Andover Road West - Second Floor Bloomfield Hills, Michigan 48302 Telephone: (248) 644-4840 Facsimile: (248) 644-1832 Co-Counsel for the Debtors
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EXHIBIT A
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IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: COLLINS & AIKMAN CORPORATION, et al.1 Debtors. ) ) ) ) ) ) ) ) Chapter 11 Case No. 05-55927 (SWR) (Jointly Administered) (Tax Identification #13-3489233) Honorable Steven W. Rhodes
ORDER AUTHORIZING THE DEBTORS TO ENTER INTO THE THIRD AMENDMENT TO AND CONSENT UNDER DEBTOR IN POSSESSION FINANCING AGREEMENT Upon the motion (the Motion)2 of the above-captioned debtors (collectively, the Debtors) authorizing the Debtors to enter into the third amendment to and consent under debtor in possession financing agreement; it appearing that the relief requested is in the best interest of the Debtors estates, their creditors and other parties in interest; it appearing that the Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and 1334; it appearing that
The Debtors in the jointly administered cases include: Collins & Aikman Corporation; Amco Convertible Fabrics, Inc., Case No. 05-55949; Becker Group, LLC (d/b/a/ Collins & Aikman Premier Mold), Case No. 05-55977; Brut Plastics, Inc., Case No. 05-55957; Collins & Aikman (Gibraltar) Limited, Case No. 05-55989; Collins & Aikman Accessory Mats, Inc. (f/k/a the Akro Corporation), Case No. 05-55952; Collins & Aikman Asset Services, Inc., Case No. 05-55959; Collins & Aikman Automotive (Argentina), Inc. (f/k/a Textron Automotive (Argentina), Inc.), Case No. 05-55965; Collins & Aikman Automotive (Asia), Inc. (f/k/a Textron Automotive (Asia), Inc.), Case No. 0555991; Collins & Aikman Automotive Exteriors, Inc. (f/k/a Textron Automotive Exteriors, Inc.), Case No. 05-55958; Collins & Aikman Automotive Interiors, Inc. (f/k/a Textron Automotive Interiors, Inc.), Case No. 05-55956; Collins & Aikman Automotive International, Inc., Case No. 05-55980; Collins & Aikman Automotive International Services, Inc. (f/k/a Textron Automotive International Services, Inc.), Case No. 05-55985; Collins & Aikman Automotive Mats, LLC, Case No. 05-55969; Collins & Aikman Automotive Overseas Investment, Inc. (f/k/a Textron Automotive Overseas Investment, Inc.), Case No. 05-55978; Collins & Aikman Automotive Services, LLC, Case No. 05-55981; Collins & Aikman Canada Domestic Holding Company, Case No. 05-55930; Collins & Aikman Carpet & Acoustics (MI), Inc., Case No. 05-55982; Collins & Aikman Carpet & Acoustics (TN), Inc., Case No. 05-55984; Collins & Aikman Development Company, Case No. 05-55943; Collins & Aikman Europe, Inc., Case No. 05-55971; Collins & Aikman Fabrics, Inc. (d/b/a Joan Automotive Industries, Inc.), Case No. 05-55963; Collins & Aikman Intellimold, Inc. (d/b/a M&C Advanced Processes, Inc.), Case No. 05-55976; Collins & Aikman Interiors, Inc., Case No. 05-55970; Collins & Aikman International Corporation, Case No. 05-55951; Collins & Aikman Plastics, Inc., Case No. 05-55960; Collins & Aikman Products Co., Case No. 05-55932; Collins & Aikman Properties, Inc., Case No. 0555964; Comet Acoustics, Inc., Case No. 05-55972; CW Management Corporation, Case No. 05-55979; Dura Convertible Systems, Inc., Case No. 05-55942; Gamble Development Company, Case No. 05-55974; JPS Automotive, Inc. (d/b/a PACJ, Inc.), Case No. 05-55935; New Baltimore Holdings, LLC, Case No. 05-55992; Owosso Thermal Forming, LLC, Case No. 05-55946; Southwest Laminates, Inc. (d/b/a Southwest Fabric Laminators Inc.), Case No. 05-55948; Wickes Asset Management, Inc., Case No. 05-55962; and Wickes Manufacturing Company, Case No. 05-55968. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Motion.
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this proceeding is a core proceeding pursuant to 28 U.S.C. 157(b)(2); it appearing that venue of this proceeding and this Motion in this District is proper pursuant to 28 U.S.C. 1408 and 1409; notice of this Motion and the opportunity for a hearing on this Motion was appropriate under the particular circumstances and that no other or further notice need by given; and after due deliberation and sufficient cause appearing therefor, it is hereby ORDERED 1. 2. The Motion is granted in its entirety. The Debtors are authorized to enter into the Amendment to the DIP Credit
Agreement, substantially in the form of Exhibit B to the Motion. 3. The Debtors are authorized to pay the Amendment Fee in connection with the
implementation of the Amendment to the DIP Credit Agreement. 4. The Debtors are authorized to take all actions necessary to effectuate the relief
granted pursuant to this Order in accordance with the Motion. 5. The terms and conditions of this Order shall be immediately effective and
enforceable upon its entry. 6. The Court retains jurisdiction with respect to all matters arising from or related to
the implementation of this Order.
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IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: COLLINS & AIKMAN CORPORATION, et al.1 Debtors. ) ) ) ) ) ) ) ) Chapter 11 Case No. 05-55927 (SWR) (Jointly Administered) (Tax Identification #13-3489233) Honorable Steven W. Rhodes
NOTICE AND OPPORTUNITY TO RESPOND TO THE MOTION FOR AN ORDER AUTHORIZING THE DEBTORS TO ENTER INTO THE THIRD AMENDMENT TO AND CONSENT UNDER DEBTOR IN POSSESSION FINANCING AGREEMENT PLEASE TAKE NOTICE THAT the above-captioned debtors (collectively, the Debtors) have filed their Motion for an Order Authorizing the Debtors to Enter into the Third Amendment to and Consent under Debtor in Possession Financing Agreement (the Motion).
The Debtors in the jointly administered cases include: Collins & Aikman Corporation; Amco Convertible Fabrics, Inc., Case No. 05-55949; Becker Group, LLC (d/b/a/ Collins & Aikman Premier Mold), Case No. 05-55977; Brut Plastics, Inc., Case No. 05-55957; Collins & Aikman (Gibraltar) Limited, Case No. 05-55989; Collins & Aikman Accessory Mats, Inc. (f/k/a the Akro Corporation), Case No. 05-55952; Collins & Aikman Asset Services, Inc., Case No. 05-55959; Collins & Aikman Automotive (Argentina), Inc. (f/k/a Textron Automotive (Argentina), Inc.), Case No. 05-55965; Collins & Aikman Automotive (Asia), Inc. (f/k/a Textron Automotive (Asia), Inc.), Case No. 0555991; Collins & Aikman Automotive Exteriors, Inc. (f/k/a Textron Automotive Exteriors, Inc.), Case No. 05-55958; Collins & Aikman Automotive Interiors, Inc. (f/k/a Textron Automotive Interiors, Inc.), Case No. 05-55956; Collins & Aikman Automotive International, Inc., Case No. 05-55980; Collins & Aikman Automotive International Services, Inc. (f/k/a Textron Automotive International Services, Inc.), Case No. 05-55985; Collins & Aikman Automotive Mats, LLC, Case No. 05-55969; Collins & Aikman Automotive Overseas Investment, Inc. (f/k/a Textron Automotive Overseas Investment, Inc.), Case No. 05-55978; Collins & Aikman Automotive Services, LLC, Case No. 05-55981; Collins & Aikman Canada Domestic Holding Company, Case No. 05-55930; Collins & Aikman Carpet & Acoustics (MI), Inc., Case No. 05-55982; Collins & Aikman Carpet & Acoustics (TN), Inc., Case No. 05-55984; Collins & Aikman Development Company, Case No. 05-55943; Collins & Aikman Europe, Inc., Case No. 05-55971; Collins & Aikman Fabrics, Inc. (d/b/a Joan Automotive Industries, Inc.), Case No. 05-55963; Collins & Aikman Intellimold, Inc. (d/b/a M&C Advanced Processes, Inc.), Case No. 05-55976; Collins & Aikman Interiors, Inc., Case No. 05-55970; Collins & Aikman International Corporation, Case No. 05-55951; Collins & Aikman Plastics, Inc., Case No. 05-55960; Collins & Aikman Products Co., Case No. 05-55932; Collins & Aikman Properties, Inc., Case No. 0555964; Comet Acoustics, Inc., Case No. 05-55972; CW Management Corporation, Case No. 05-55979; Dura Convertible Systems, Inc., Case No. 05-55942; Gamble Development Company, Case No. 05-55974; JPS Automotive, Inc. (d/b/a PACJ, Inc.), Case No. 05-55935; New Baltimore Holdings, LLC, Case No. 05-55992; Owosso Thermal Forming, LLC, Case No. 05-55946; Southwest Laminates, Inc. (d/b/a Southwest Fabric Laminators Inc.), Case No. 05-55948; Wickes Asset Management, Inc., Case No. 05-55962; and Wickes Manufacturing Company, Case No. 05-55968.
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PLEASE TAKE FURTHER NOTICE THAT your rights may be affected. You may wish to review the Motion and discuss it with your attorney, if you have one in these cases. (If you do not have an attorney, you may wish to consult one.) PLEASE TAKE FURTHER NOTICE THAT in accordance with the First Amended Notice, Case Management and Administrative Procedures filed on June 9, 2005 [Docket No. 294] (the Case Management Procedures), if you wish to object to the Court granting the relief sought in the Motion, or if you want the Court to otherwise consider your views on the Motion, no later than February 8, 2006 at 4:00 p.m. prevailing Eastern Time, or such shorter time as the Court may hereafter order and of which you may receive subsequent notice, you or your attorney must file with the Court a written response, explaining your position at:2 United States Bankruptcy Court 211 West Fort Street, Suite 2100 Detroit, Michigan 48226 PLEASE TAKE FURTHER NOTICE THAT if you mail your response to the Court for filing, you must mail it early enough so the Court will receive it on or before the date above. PLEASE TAKE FURTHER NOTICE THAT you must also serve the documents so that they are received on or before February 8, 2006 at 4:00 p.m. prevailing Eastern Time, in accordance with the Case Management Procedures, including to:
Response or answer must comply with Rule 8(b), (c) and (e) of the Federal Rules of Civil Procedure.
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Kirkland & Ellis LLP Attn: Richard M. Cieri Citigroup Center 153 East 53rd Street New York, New York 10022 Facsimile: (212) 446-4900 E-mail: rcieri@kirkland.com -andKirkland & Ellis LLP Attn: David L. Eaton Ray C. Schrock Marc J. Carmel 200 East Randolph Drive Chicago, Illinois 60601 Facsimile: (312) 861-2200 E-mail: deaton@kirkland.com rschrock@kirkland.com mcarmel@kirkland.com -andCarson Fischer, P.L.C. Attn: Joseph M. Fischer 4111 West Andover Road West - Second Floor Bloomfield Hills, Michigan 48302 Facsimile: (248) 644-1832 E-mail: jfischer@carsonfischer.com PLEASE TAKE FURTHER NOTICE THAT if no responses to the Motion are timely filed and served, the Court may grant the Motion and enter the order without a hearing as set forth in Rule 9014-1 of the Local Rules for the United States Bankruptcy Court for the Eastern District of Michigan.
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Dated: February 3, 2006
KIRKLAND & ELLIS LLP /s/ Marc J. Carmel Richard M. Cieri (NY RC 6062) Citigroup Center 153 East 53rd Street New York, New York 10022 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 -andDavid L. Eaton (IL 3122303) Ray C. Schrock (IL 6257005) Marc J. Carmel (IL 6272032) 200 East Randolph Drive Chicago, Illinois 60601 Telephone: (312) 861-2000 Facsimile: (312) 861-2200 -andCARSON FISCHER, P.L.C. Joseph M. Fischer (P13452) 4111 West Andover Road West - Second Floor Bloomfield Hills, Michigan 48302 Telephone: (248) 644-4840 Facsimile: (248) 644-1832 Co-Counsel for the Debtors
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CERTIFICATE OF SERVICE I, Marc J. Carmel, an attorney, certify that on the 3rd day of February, 2006, I caused to be served, by e-mail, facsimile and by overnight delivery, in the manner and to the parties set forth on the attached service lists, a true and correct copy of the foregoing Motion for an Order Authorizing the Debtors to Enter into the Third Amendment to and Consent under Debtor in Possession Financing Agreement. Dated: February 3, 2006 /s/ Marc J. Carmel Marc J. Carmel
K&E 10927616.10
Served via Electronic Mail
CREDITOR NAME A Freeman Adrian City Hall Akin Gump Strauss Hauer & Feld LLP Alice B Eaton Amalgamated Life Angelo Gordon & Co Askounis & Borst PC Autoliv ASP Inc Bailey & Cavalieri LLC Baker & Hostetler LLP Balch & Bingham LLP Banc of America Securities LLC Barclays Bank PLC Barnes & Thornburg LLP Barnes & Thornburg LLP Benesch Friedlander Coplan & Aronoff LLP Bernardi Ronayne & Glusac PC Berry Moorman PC Berry Moorman PC Bird Svendsen Brothers Scheske & Pattison PC Bodman LLP Bodman LLP Borges & Associates LLC Bradley Arant Rose & White LLP Brendan G Best Brown Rudnick Berlack Israels LLP Bryan Clay Burr & Forman LLP Butzel Long PC Butzel Long PC Cahill Gordon & Reindel Cahill Gordon & Reindel Calhoun Di Ponio & Gaggos PLC Carlile Patchen & Murphy LLP Chambliss Bahner & Stophel PC Champaign County Collector Chris Kocinski City Of Eunice City Of Evart City Of Kitchener Finance Dept City Of Lowell City Of Marshall City Of Muskegon City Of Port Huron City Of Rialto City Of Rochester Hills City Of Salisbury City Of Westland City Of Woonsocket Ri City Treasurer Colbert & Winstead PC Cole Schotz Meisel Forman & Leonard PA Constellation NewEnergy Inc Coolidge Wall Womsley & Lombard Crowell & Moring LLP Crowell & Moring LLP DaimlerChrysler
CREDITOR NOTICE NAME John Fabor Philip C Dublin Judith Greenspan Esq Leigh Walzer Thomas V Askounis Esq Eric R Swanson Esq & Anthony J Nellis Esq Adam J Biehl & Yvette A Cox Wendy J Gibson & Brian A Bash Eric T Ray Nina M Rosete Mr David Bullock John T Gregg Patrick E Mears William E Schonberg & Stuart A Laven Jr Rodney M. Glusac Dante Benedettini Esq James Murphy Esq Eric J Scheske Robert J Diehl Jr Ralph E McDowell Wanda Borges Esq Jay R Bender
Email afreeman@akingump.com cityofadrian@iw.net pdublin@akingump.com aeaton@stblaw.com jgreenspan@amalgamatedlife.com lwalzer@angelogordon.com taskounis@askborst.com eric.swanson@autoliv.com tony.nellis@autoliv.com Yvette.Cox@baileycavalieri.com Adam.Biehl@baileycavalieri.com wgibson@bakerlaw.com eray@balch.com nina.m.rosete@bofasecurities.com david.bullock@barcap.com john.gregg@btlaw.com pmears@btlaw.com wschonberg@bfca.com slaven@bfca.com rodg@brgpc.com dante@berrymoorman.com murph@berrymoorman.com law@charter.net rdiehl@bodmanllp.com rmcdowell@bodmanllp.com borgeslawfirm@aol.com jbender@bradleyarant.com bbest@dykema.com rstark@brownrudnick.com ssmith@brownrudnick.com bryan_clay@ham.honda.com shoff@burr.com sharkey@butzel.com osborne@butzel.com wilkins@butzel.com jschaffzin@cahill.com rusadi@cahill.com kcc@cdg-law.com lxf@cpmlaw.com bbailey@cbslawfirm.com bneal@co.champaign.il.us christopher.j.kocinski@bofasecurities.com Eunicela@hotmail.com evartmanager@sbcglobal.net finance@city.kitchener.on.ca MYoung@ci.lowell.ma.us Mevans@cityofmarshall.com roberto.robles@postman.org cphdp@porthuron.org treasurer@rialtoca.gov treasury@rochesterhills.org finwebreq@salisburync.gov finance@ci.westland.mi.us webmaster@woonsocketri.org THovarter@cityofmarshall.com amalone@colwinlaw.com skomrower@coleschotz.com mpolitan@coleschotz.com cathy.barron@constellation.com wachstein@coollaw.com jmeadows@crowell.com mplevin@crowell.com kpm3@daimlerchrysler.com
Robert Stark & Steven Smith Shannon E Hoff Daniel N Sharkey & Paula A Osborne Matthew E Wilkins Esq Jonathan A Schaffzin Robert Usadi Kevin C Calhoun Leon Friedberg Bruce C Bailey Barb Neal The Mator at City Hall Roger Elkins City Manager Pauline Houston Lowell Regional Wastewater Maurice S Evans City Manager Bob Robles Treasurer's Office City Treasurer Kurt A Dawson City Assesor Treasurer Business License Div Pretreatment Division Tracy Horvarter Amy Wood Malone Stuart Komrower & Mark Politan Catherine Barron Esq Steven M Wachstein Esq Joseph L Meadows Mark D Plevin
In re: Collins & Aikman Corp., et al. Case No. 05-55927 (SWR)
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CREDITOR NAME DaimlerChrysler DaimlerChrysler Corporation Daniella Saltz Danielle Kemp Danning Gill Diamond & Kollitz LLP David H Freedman David Heller David Youngman Dennis C Roberts PLLC Dickinson Wright PLLC Dickinson Wright PLLC Dickinson Wright PLLC
CREDITOR NOTICE NAME Kim R Kolb Esq
George E Shulman
Dennis C Roberts James A Plemmons Esq Dawn R Copley Esq Michael C Hammer
Dold Spath McKelvie & DeLuca PC Duane Morris LLP DuPont Dworken & Bernstein Co LPA Dykema Gossett Rooks Pitts PLLC Dykema Gossett Rooks Pitts PLLC Earle I Erman Eastman & Smith Ltd Elias Meginnes Riffle & Seghetti PC Ellwood Group Inc Erin M Casey Erman Teicher Miller Zucker & Freedman PC Erman Teicher Miller Zucker & Freedman PC Erman Teicher Miller Zucker & Freedman PC Foley & Lardner LLP Ford Motor Company Frank Gorman Gail Perry Garan Lucow Miller PC Garan Lucow Miller PC Ge Capital GE Polymerland George E Schulman Gold Lange & Majoros PC Hal Novikoff Handwork & Kerscher LLP Heather Sullivan Hewlett Packard Co Hewlett Packard Co Hicks Casey & Foster PC Honigman Miller Schwartz & Cohn LLP Hunton & Williams LLP Hyman Lippitt PC InterChez Logistics Systems Inc International Union UAW Jacob & Weingarten PC Jaffe Raitt Heuer & Weiss PC James A Plemmons James C Edwards Jan Steinle Jenner & Block LLP Jim Clough Joe LaFleur Joe Saad
Charles McKelvie Rita Baird Brian W Bisignani Esq Bruce Tobiansky Howard S Rabb Esq Sheryl L Toby Peter J Schmidt Matthew D Harper Brian J Meginnes & Janaki Nair Susan A Apel Esq
Email krk4@daimlerchrysler.com krk4@dcx.com dsaltz@ford.com danielle.kemp@lw.com ges@dgdk.com dfreedman@ermanteicher.com david.heller@lw.com David.Youngman@ColAik.com dcroberts@coxinet.net jplemmons@dickinsonwright.com dcopley@dickinsonwright.com mhammer@dickinsonwright.com clm@dsmlaw.com rab@dsmlaw.com kas@dsmlaw.com jmm@dsmlaw.com bisignani@duanemorris.com bruce.d.tobiansky@usa.dupont.com abollas@dworkenlaw.com stoby@dykema.com pschmidt@dykema.com eerman@ermanteicher.com mdharper@eastmansmith.com bmeginnes@emrslaw.com jnair@emrslaw.com sapel@elwd.com ecasey@stblaw.com dfreedman@ermanteicher.com eerman@ermanteicher.com jteicher@ermanteicher.com jo'neill@foley.com dsaltz@ford.com fgorman@honigman.com perry.gail@pbgc.com kblair@garanlucow.com rvozza@garanlucow.com rail.sales@ge.com valerie.venable@ge.com ges@dgdk.com emajoros@glmpc.com HSNovikoff@wlrk.com kerscher@aol.com hsullivan@unumprovident.com anne.kennelly@hp.com ken.higman@hp.com sam.hicks@hickscasey.com rweiss@honigman.com pbolton@honigman.com jburns@hunton.com bokeefe@hymanlippitt.com mchesnes@interchez.com nganatra@uaw.net rob@jacobweingarten.com lrochkind@jaffelaw.com jplemmons@dickinson-wright.com jamesedwardslaw@peoplepc.com jan_steinle@mieb.uscourts.gov ppossinger@jenner.com jrc8@daimlerchrysler.com joe_lafleur@ham.honda.com js284477@bloomberg.net
David H Freedman Earle I Erman Julie Teicher & Dianna Ruhlandt Judy A Oneill Esq Daniella Saltz
Kellie M Blair Esq Robert Vozza Esq Val Venable Elias T Majoros Jeffrey M Kerscher Anne Marie Kennelly Ken Higman Samuel D Hicks Esq Robert Weiss & Peter Bolton John D Burns Brian D Okeefe Mark Chesnes Niraj R Ganatra Robert K Siegel Louis P Rochkind
Paul V Possinger & Peter A Siddiqui
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CREDITOR NAME John A Harris John Green John J Dawson John S Sawyer Josef Athanas Joseph Delehant Esq Joseph M Fischer Esq K Crumbo K Schultz Kelley Drye & Warren LLP
CREDITOR NOTICE NAME
James S Carr Denver Edwards
Email jharris@quarles.com greenj@millercanfield.com jdawson@quarles.com jss@sawyerglancy.com josef.athanas@lw.com joseph.delehant@sylvania.com jfischer@carsonfischer.com kcrumbo@kraftscpas.com kschultz@tmmna.com jcarr@kelleydrye.com robert.bassel@kkue.com kll2@krwlaw.com kim.stagg@nmm.nissan-usa.com krodriguez@gosrr.com tah@kompc.com david.heller@lw.com danielle.kemp@lw.com patrick.healy@lawdeb.com daniel.fisher@lawdeb.com stzouvelekas@lwtm.com lwalzer@angelogordon.com veronica.fennie@lfr.com dallas.bankruptcy@publicans.com houston_bankruptcy@publicans.com tim@litespeedpartners.com vdagostino@lowenstein.com mcrosby@akingump.com webmaster@misd.net mcarmel@kirkland.com mark.w.fischer@gm.com dhoopes@mayocrowe.com lrosenbloom@mwe.com dchristian@mwe.com jdejonker@mwe.com foster@mclane.com JRG@msblaw.com palucey@michaelbest.com mpaslay@wallerlaw.com mstamer@akingump.com treasReg@michigan.gov dmgbeachlaw@hawaii.rr.com Michael.Orourke@colaik.com mike.paslay@wallerlaw.com pborenstein@milesstockbridge.com laplante@millercanfield.com bartolomei@millercanfield.com fusco@millercanfield.com brucemiller@millercohen.com sarbt@millerjohnson.com info@electionsquebec.qc.ca mied@dor.mo.gov rrubenstein@mgwj.com maire@st-zotique.com rrios@munsch.com jbruinsma@mnds-pllc.com kschneider@niccausa.com Nick.Shah@cit.com nina.m.rosete@bofasecurities.com pbaylor@nutter.com
Kemp Klein Umphrey Endelman & May PC Robert N Bassel Esq Kerr Russell & Weber PLC Kevin L Larin & James E DeLine Kim Stagg Kimberly Davis Rodriguez Paul Magy Terrance Hiller Jr & Matthew Kupelian Ormond & Magy PC Thompson Latham & Watkins LLP Law Debenture Trust Company of New York Leatherwood Walker Todd & Mann PC Leigh Walzer Levine Fricke Inc Linebarger Goggan Blair & Sampson LLP Linebarger Goggan Blair & Sampson LLP Litespeed Partners Lowenstein Sandler PC M Crosby Macomb Intermediate School Marc J Carmel Mark Fischer Mayo Crowe LLC David Heller & Danielle Kemp Patrick Healy & Daniel Fisher Seann Gray Tzouvelekas
Elizabeth Weller John P Dillman Timothy Chen Vincent A DAgostino Esq
David S Hoopes
McDermott Will & Emery LLP McLane Graf Raulerson & Middleton PA McShane & Bowie PLC Michael Best & Friedrich LLP Michael R Paslay Michael Stamer Michigan Department Of Mighty Enterprises Inc Mike O'Rourke Mike Paslay Miles & Stockbridge PC Miller Canfield Paddock & Stone PLC Miller Canfield Paddock & Stone PLC Miller Canfield Paddock & Stone PLC Miller Cohen Miller Johnson Ministry Of Finance Corp Tax Branch Missouri Dept Of Revenue Morris Garlove Waterman & Johnson PLLC Municipalite Du Village De Munsch Hardt Kopf & Harr PC Myers Nelson Dillon & Shierk PLLC NICCA USA Inc Nick Shah Nina Rosete Nutter McClennen & Fish LLP
Lewis Rosenbloom Jospeh A Foster John R Grant Paul A Lucey
David M Gurewitz
Patricia A Borenstein Esq Stephen S LaPlante Jose J Bartolomei Timothy A Fusco Esq Bruce A Miller Thomas P Sarb & Robert D Wolford 15663507 Richard M Rubenstein Lacolle Randall A Rios James R Bruinsma Karen Schneider
Peter Nils Baylor Esq
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CREDITOR NAME O Reilly Rancilio PC Osram Sylvania Inc Otterbourg Steindler Houston & Rosen PC Paul Hoffman Pear Sperling Eggan & Daniels PC Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation Pepe & Hazard LLP Pepper Hamilton LLP Pepper Hamilton LLP Pepper Hamilton LLP Peter V Pantaleo Phh Canada Inc Philip Dublin Phoenix Contracting Company Pillsbury Winthrop Shaw Pittman LLP Pillsbury Winthrop Shaw Pittman LLP Pillsbury Winthrop Shaw Pittman LLP Pillsbury Winthrop Shaw Pittman LLP Pitts Hay & Hugenschmidt PA Plunkett & Cooney PC Quadrangle Group LLC Quadrangle Group LLC R Aurand R J Sidman Ralph E McDowell Ravich Meyer Kirkman McGrath & Nauman PA Ray C Schrock Receivable Management Services Rex D Rainach Rhoades McKee Rick Feinstein Ricoh Canada Inc Riker Danzig Scherer Hyland & Perretti LLP RLI Insurance Company Robert J Diehl Jr Robert Weiss Ronald A Leggett Ronald R Rose Sarah Eagle SC DHEC Sean P Corcoran Seyburn Kahn Ginn Bess & Serlin PC Sheehan Phinney Bass & Green PA Sheryl Toby Shumaker Loop & Kendrick LLP Sidley Austin Brown & Wood LLP Sills Cummis Epstein & Gross PC Spengler Nathanson PLL St Paul Travelers Stark County Treasurer State Of Michigan State Of Michigan
CREDITOR NOTICE NAME Ralph Colasuonno & Craig S Schoenherr Sr Joseph Delehant Esq Steven B Soll Esq Kevin N Summers Sara Eagle & Gail Perry Sara Eagle & Gail Perry Sara Eagle & Gail Perry Charles J Filardi Jr Francis J Lawall & Bonnie MacDougal Kistler J Gregg Miller & Linda J Casey Kenneth H Zucker
Email rcolasuonno@orlaw.com joseph.delehant@sylvania.com ssoll@oshr.com phoffman@bofasecurities.com ksummers@psedlaw.com eagle.sara@pbgc.gov efile@pbgc.gov eagle.sara@pbgc.gov efile@pbgc.gov cfilardi@pepehazard.com lawallf@pepperlaw.com kistlerb@pepperlaw.com millerj@pepperlaw.com zuckerk@pepperlaw.com ppantaleo@stblaw.com phhmail@phhpc.com pdublin@akingump.com WDKinley@aol.com bill.freeman@pillsburylaw.com craig.barbarosh@pillsburylaw.com patrick.potter@pillsburylaw.com rick.antonoff@pillsburylaw.com pittsrm@charter.net dbernstein@plunkettcooney.com andrew.herenstein@quadranglegroup.com patrick.bartels@quadranglegroup.com raurand@e-bbk.com rjsidman@vssp.com rmcdowell@bodmanllp.com mfmcgrath@ravichmeyer.com rschrock@kirkland.com hayesp@dnb.com rainach@msn.com dbylenga@rhoadesmckee.com rick.feinstein@ubs.com legal@ricoh.ca
William Kinley President William B Freeman Esq Craig A Barbarosh Patrick J Potter Esq Rick Antonoff Esq Lara Sheikh Esq Josh J May Esq Robert P Pitts Esq Douglas C Bernstein Andrew Herenstein Patrick Bartels
Michael F McGrath Esq Phyllis A Hayes A Professional Law Corporation Dan E Bylenga Jr
Dennis J OGrady Joseph L Schwartz & Curtis M Plaza jschwartz@riker.com Roy Die Roy_Die@rlicorp.com rdiehl@bodmanllp.com rweiss@honigman.com Collector Of Revenue leggettr@stlouiscity.com rrose@dykema.com eagle.sarah@pbgc.com whitehme@dhec.sc.gov Evander Whitehead chandlls@dhec.sc.gov sean.p.corcoran@delphi.com Leslie Stein lstein@seyburn.com Steven E Boyce Esq sboyce@sheehan.com stoby@dykema.com David H Conaway dconaway@slk-law.com bguzina@sidley.com Bojan Guzina & Brian J Lohan blohan@sidley.com asherman@sillscummis.com Andrew H Sherman & Boris I Mankovetskiy bmankovetskiy@sillscummis.com Michael W Bragg Esq MBragg@SpenglerNathanson.com Vatana Rose vrosa@stp.com Gary D Feigler Treasurer sjbolek@co.stark.oh.us Michigan Dept Of Environmental Quality Environmental Assistance Div deq-ead-env-assist@michigan.gov Michigan Unemployment Insurance Agency shuttkimberlyj@michigan.gov
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CREDITOR NAME
State Of Michigan Stephen E Spence Stephen S LaPlante Steven A Siman PC Stevens & Lee PC
CREDITOR NOTICE NAME Michigan Dept Of Treasury Collection Div Office of Financial Mgmt Cashiers Office US Trustee
Email
Stradley Ronon Stevens & Young LLP T Pryce Tax Administrator Textron Inc The Bank of New York The Corporation Of The Town Thomas Radom Treasurer Of State Tricia Sherick Tyco Capital Inc UBS Investment Bank Ulmer & Berne LLP United Rentals Of Canada Inc United Steelworkers Varnum Riddering Schmidt & Howlett LLP Ville De Farnham Vinson & Elkins LLP Von Briesen & Roper SC Voridian Canada Company Vorys Sater Seymour and Pease LLP Waller Lansden Dortch & Davis PLLC Warner Norcross & Judd LLP Warner Stevens LLP William C Andrews William G Diehl William J Byrne Willkie Farr & Gallagher LLP Wilmer Cutler Pickering Hale and Dorr LLP WL Ross & Co Womble Carlyle Sandridge & Rice PLLC Young & Susser PC Zeichner Ellman & Krause LLP
Steven A Siman Leonard P Goldberger Esq & John C Kilgannon Esq jck@stevenslee.com ppatterson@stradley.com mdorval@stradley.com Paul Patterson Esq jtrotter@stradley.com tpryce@ford.com Jim Cambio jcambio@tax.ri.gov afriedman@textron.com Gary S Bush gbush@bankofny.com Of Ingersoll elantz@town.ingersoll.on.ca radom@butzel.com Joseph T. Deters treasurer@tos.state.oh.us tsherick@honigman.com Frank.Chaffiotte@cit.com Rick Feinstein rick.feinstein@ubs.com Timothy J Downing tdowning@ulmer.com e-rental@ur.com David R Jury djury@steelworkers-usw.org Mary Kay Shaver Service de la Tresorerie John E West Randall Crocker & Rebecca Simoni Robert J Sidman Michael R Paslay Esq Michael G Cruse Michael D Warner Esq mkshaver@varnumlaw.com msaintdenis@ville.farnham.qc.ca jwest@velaw.com rcrocker@vonbriesen.com blanderson@eastman.com rjsidman@vssp.com mpaslay@wallerlaw.com mcruse@wnj.com mwarner@warnerstevens.com kandrews@e-bbk.com wdiehl@e-bbk.com bbyrne@e-bbk.com alipkin@willkie.com rspigel@willkie.com andrew.goldman@wilmerhale.com oiglesias@wlross.com RWhelehan@wcsr.com susser@youngpc.com pjanovsky@zeklaw.com
treasReg@michigan.gov steve.e.spence@usdoj.gov laplante@millercanfield.com sas@simanlaw.net
Alan Lipkin & Roger Spigel Andrew N Goldman Esq Oscar Iglesias Rory D Whelehan Esq Steven Susser P52940 Peter Janovsky & Stuart Krause
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(no valid e-mail) CREDITOR NAME Acord Inc American General Finance Attorney General of MI Bayer Material Sciences BNY Midwest Trust Company BNY Midwest Trust Company Brown Corporation City Of Battle Creek City Of Longview City Of St Joseph City Of Sterling Heights City Of Stockton Clark Hill PLC Colbond Inc Contrarian Capital Management LLC Dayton Bag & Burlap Co Dow Chemical Co El Paso Natural Gas Company Enerflex Solutions LLC Exxon Chemicals Health Alliance Medical Plans Inc Intertex World Resources Trintex Corp Kentucky Revenue Cabinet Kilpatrick & Associates PC Lake Erie Products Lambert Leser Isackson Cook & Giunta PC Meridian Magnesium Missouri Dept of Revenue Office of Finance of Los Angeles Office of the US Attorney Orlando Corporation Paul Weiss Rifkind Wharton & Garrison LLP Pine River Plastics Inc Plastech Progressive Moulded Products Revenue Canada Riverfront Plastic Products Inc Select Industries Corp Skadden Arps Slate Meagher & Flom LLP South Carolina Dept Of Revenue Southco Standard Federal Bank Stark Reagan PC State Of Michigan Teknor Financial Corporation TG North America Town Of Lincoln Finance Office Unifi Inc Unique Fabricating Inc Valiant Tool & Mold Inc CREDITOR NOTICE NAME John Livingston Matthew H Rick Linda Vesci Mary Callahan Roxane Ellwalleger Mark Ferderber Income Tax Division Water Utilities Water Department James P Bulhinger City Treasurer Economic Development E Todd Sable Don Brown Seth Lax Jeff Rutter David Brasseur Michael J McGinnis Todd McCallum Paul Hanson Robena Vance Bill Weeks Richardo Kilpatrick Leonora Baughman Lilia Roman Susan M Cook Steven A Ginther Bankruptcy Auditor Julia Pidgeon Asst US Atty Stephen J Shimshak & Netanella T Zahavi Barb Krzywiecki Kelvin W Scott Esq Dan Thiffault George Tabry Christine Brown Gregg M Galardi Esq Sales & Use Tax Division Lorraine Zinar Holly Matthews Joseph A Ahern Linda King Bruce B Galletly Raymond Soucie FAX 248-852-6074 217-356-5469 517-373-2060 412-777-4736 312-827-8542 312-827-8542 616-527-3385 269-966-3629 903-237-1004 269-983-9875 586-276-4077 209-937-5099 313-965-8252 828-665-5005 203-629-1977 937-258-0029 989-638-9852 713-420-5669 248-430-0134 281-584-7946 248-443-0090 770-258-3901 502-564-3875 248-377-0800 630-595-0336 989-894-2232 517-663-2714 573-751-7232 213-368-7076 313-226-3800 905-677-1851 212-757-3990 810-329-9388 313-792-2729 905-760-3371 902-432-6287 734-281-4483 937-233-7640 302-651-3001 803-898-5147 610-361-6082 248-816-4376 248-641-9921 517-241-8077 401-725-5160 248-280-2110 401-333-3648 336-316-5422 248-853-8422 519-944-7748
Tom Tekieke General Fax
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(no valid e-mail) CREDITOR NAME Vari Form Inc Vericorr Packaging fka CorrFlex Packaging Viacom Inc Wickes Manufacturing Co CREDITOR NOTICE NAME Terry Nardone Adriana Avila JoAnn Haller co Jay B Knoll of C&A FAX 586-755-8988 586-939-4216 412-642-5614 248-824-1882
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CREDITOR NAME Advanced Composites Inc Akin Gump Strauss Hauer & Feld LLP Assitant Attorney General of Texas Assoc Receivables Funding Inc Basell USA Inc Basf Corporation Beam Miller & Rogers PLLC Bell Boyd & Lloyd Bell Boyd & Lloyd Inc Brunswick Corp Butzel Long PC Canada Customs & Rev Agency Canada Customs & Rev Agency Charter Township Of Plymouth City Of Albemarle City Of Barberton City Of Barberton City Of Canton City Of Dover City Of Dover City Of Evart Recreation Dept City Of Fullerton City Of Havre De Grace City of Kalamazoo City Of Los Angeles City Of Phoenix City Of Roxboro City Of Williamston City Treasurer Collector Of Revenue Collins & Aikman Corp Corning Inc Cox Hodgman & Giarmarco PC Cunningham Dalman PC Dana Corp Davidson Kempner Capital Management LLC Dennis Reis LLC DuPont Dykema Gossett PLLC Eastman & Smith Ltd ER Wagner Manufacturing Fisher Automotive Systems Fisher America Inc Freudenberg Nok Inc Ga Dept Of Revenue
CREDITOR NOTICE NAME Rob Morgan Michael S Stamer Philip C Dublin John Mark Stern Jim Frick Charlie Burrill Harry W Miller III Carmen Lonstein Neal H Weinfield Esq Ms Amy Evans Thomas B Radom Attn Receiver General International Tax Service Utilities Department Ohio Income Tax City Building Canton Income Tax Dept Wastewater Labroratory
Mary Ellen Hinckle Carolyn Rutland PhD Dept Of Building And Safety City Attorneys Office Tax Department Port Huron Police Department Barbara J Walker Jay B Knoll Nancy Holtby Esq William H Horton Esq & Sean M Walsh Esq Jeffrey K Helder Lisa A Wurster Esq Morgan Blackwell Dennis P Reis Susan F Herr Ronald Rose & Brendan Best David W Nunn Esq Gary Torke William Stiefel
ADDRESS1 1062 S 4th Ave 590 Madison Ave Bankruptcy & Collections Div PO Box 16253 7925 Kingsland Dr 1609 Biddle Ave 709 Taylor St 70 W Madison 3 1st National Plaza Ste 3300 Law Dept 100 Bloomfield Hills Pkwy Ste 100 1 5 Notre Ave 2204 Walkley Rd PO Box 8040 PO Box 190 576 West Pk Ave 576 West Pk Dr PO Box 9951 484 Middle Rd PO Box 818 200 South Main St 303 W Commonwealth Ave 711 Pennington Ave Public Svc Dept Env Svc Div 201 N Figueroa St No 786 200 W Washington St 13th Fl PO Box 128 161 E Grand River 100 Mcmorran 201 N Second St 250 Stephenson Hwy Legal Dept Columbia Center 10th Fl 321 Settlers Rd 4500 Dorr St 885 Third Ave Ste 3300 7000 N Green Bay Ave DuPont Legal D 7156 400 Renaissance Center One SeaGate 24th Fl 4611 North 32nd St 1084 Doris Rd 47690 E Anchor Ct PO Box 105499
CITY Sidney New York 500 W 15th St Austin Greenville Raleigh Wyandotte PO Box 280240 Nashville Chicago 70 W Madison St Chicago One North Field Ct Lake Forest Bloomfield Hills Sudbury Ottawa Plymouth Albemarle Barberton Barberton Canton Dover Dover Evart Fullerton Havre De Grace 1415 N Harrison St Kalamazoo File 54563 Los Angeles Phoenix Roxboro Williamston Port Huron St Charles Troy Riverfront Plaza HQ E2 10 Corning 101 W Big Beaver Rd Troy PO Box 1767 Holland PO Box 1000 Toledo New York Milwaukee Wilmington Detroit Toledo Milwaukee Auburn Hills Plymouth Atlanta
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ZIP 453658977 10022 78701 29606 27613-4203 48192 37208 60602 60602-4207 60045 48304 P3A 5C2 K1A 1B1 48170-4394 28002-0190 44203 44203-2584 44711-9951 03820 03820-0818 49631 92632 21078 49007-2565 90012 85003 27573 48895 48060 63301 48083 14831 48084 49423 43615 10022 53209 19898 48243 43604 53209-6023 48326-2613 48170 30348-5499
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Canada Canada
1007 N Market St PO Box 10032
Director's Office for Taxpayer Services Division
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CREDITOR NAME Gaston County Ge Capital Ge Capital Ge Capital Ge Capital Comm Serv Astro Dye General Motors Corp Heritage Environmental Svcs Inc Highwoods Forsyth Lp Highwoods Forsyth Lp Hnk Michigan Properties Indiana Department Of Revenue Indiana Dept Of Revenue Indiana Steel & Wire Co Industrial Development Board Industrial Leasing Company Industrial Truck Sales & Svc Inmet Division of Multimatic Internal Revenue Service Invista ISP Elastomer James R Temple Janesville Products Keith Milligan Latham & Watkins LLP Lear Corp Lear Corp Manpower Meridian Park Michigan Dept of Treasury Mills & Stockbridge PC Ministre Du Revenu Du Quebec Municipality Of Port Hope North Loop Partners Ltd Nossiff & Giampa PC Oakland County Corporation Counsel Oklahoma County Treasurer Oneida County SCU PolyOne Corp Prestige Property Tax Special Princeton Properties Qrs 14 Paying Agent Qrs 14 Paying Agent Inc Railroad Drive Lp Receiver General For Canada
Linda L Bentley Mr Ken Price co Highwoods Properties Llc co Highwoods Properties Llc co Rudolph libbe Properties
ADDRESS1 PO Box 890691 PO Box 740434 PO Box 640387 PO Box 642444 PO Box 60500 300 Renaissance Center 7901 W Morris St Attn Lease Administration Attn Lease Administration 7255 Crossleigh Court Ste 108 100 N Senate Ave PO Box 7218 1 E 4th St PO Box 4660 PO Box 1803 PO Box 1807 35 West Milmot St Box 330500 Stop 15 601 S LA Salle St Ste 310 PO Box 4346 108 W Scott St 2700 Patterson Ave 3745 C Us Hwy 80 W Sears Tower Ste 5800 World Headquarters 21557 Telegraph Rd 30800 Northwestern Hwy 2707 Meridian Dr 3030 W Grand Blvd Ste 10 200 10 Light St 3800 Marly PO Box 117 PO Box 3449 24 Chestnut St 1200 N Telegraph Rd Asst District Attorney 800 Park Ave 4th Fl 33587 Walker Rd 1025 King St East 678 Princeton Blvd Church St Station 50 Rockefeller Lobby 2 100 Vesper Executive Pk
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CITY Charlotte Atlanta Pittsburgh Pittsburgh Charlotte Detroit Indianapolis
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ZIP 28289-0691 30374 15264-0387 15264 28260 48243 46231 37203-5223 27604 43617 46204-2253 46207-7218 45202 36103-4660 49501 27702-1807 L4B 1L7 48232 60605-1725 77210 48837 49546 36870 60606 48034 48034 48334 27834 48202 21202-1487 G1X 4A5 L1A 3V9 75606 03820 48341 73102 13501 44012 N3H 3P5 01851 10249 10020-1605 01879-2710 K1A 1B1
COUNTRY
Michael L Cioffi of the City of Montgomery
SBSE Insolvency Unit Tim Gorman Laura Kelly David Heller Josef Athanas & Danielle Kemp Janis N Acosta Esq C Garland Waller Michael A Cox Juandisha M Harris & Heather Donald Stephen M Sylvestri Esq
2120 West End Ave Ste 100 Nashville 3100 Smoketree Ct Ste 600 Raleigh Toledo Indianapolis Indianapolis Cincinnati Montgomery Grand Rapids Durham Richmond Hill Detroit Chicago Houston Grand Ledge Grand Rapids Phenix 233 S Wacker Dr Chicago 21557 Telegraph Rd Southfield Southfield Farmington Hills Greenville Detroit Baltimore Ste Foy Port Hope Longview Dover Pontiac 320 Robert S Kerr Rm 307 Oklahoma City Utica Avon Lake Cambridge Lowell New York New York Tyngsboro Ottawa
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Canada Canada
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PO Box 6529
Canada Customs & Rev Agency Technology Ctr 875 Heron Rd
Canada
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CREDITOR NAME Receiver General for Canada Receiver General For Canada Receiver General for Canada Revenue Canada Securities and Exchange Commission Securities and Exchange Commission Shapero & Green LLC Simpson Thacher & Bartlett LLP Snellings Breard Sartor Inabnett & Trascher State Of Alabama State Of Michigan State Of Michigan State Of Michigan State Of Michigan State of Michigan State of Michigan Central Functions Unit Stephen E Spence Summit Property Management Inc Tate Boulevard I Llc Tax Collector Tcs Realty Ltd Teleflex Inc Tennessee Department of Revenue The Goodyear Tire & Rubber Co The Pellegrino Law Firm PC The Town Of Pageland Thomas & Betts Corp Tom Heck Truck Service Town Of Farmington Town Of Farmville Town Of Gananoque Town Of Old Fort Town Of Pageland Town Of Troy Tr Associates Treasurer City Of Detroit Uniform Color Co United States Attorney for the Eastern District of Michigan Valeo Inc Vespera Lowell Llc Village Of Holmesville Village Of Rantoul Visteon Climate Control W9 Lws Real Estate Limited
Angela Dodd Midwest Regional Office Brian Green Peter Pantaleo Erin Casey & Alice Eaton Charles C Trascher III Dept Of Commerce & Nat Res Matthew Rick Asst Attorney General State Of Michigan Mc State Secondary Complex
ADDRESS1 700 Leigh Capreol 11 Station St 700 Leigh Capreol Ottawa Technology Centre 175 W Jackson Blvd Ste 900 175 W Jackson Blvd Ste 90 Signature Square II Ste 220 425 Lexington Ave PO Box 2055 Department Of Revenue PO Box 30004 PO Box 30754 Dept 77833 7150 Harris Dr PO Box 30015 430 W Allegan St Office of Child Support 211 W Fort St Ste 700 24901 Northwestern Hwy 302 1985 Blvd Se PO Box 1192 21 Albert St 155 S Limerick Rd Cordell Hall 1144 E Market St 475 Whitney Ave 126 North Pearl St 8155 TB Blvd 1306 E Triumph Dr 356 Main St 115 West Church St 30 King St East PO Box 520 PO Box 67 315 North Main St 200 E Big Beaver PO Box 33525 12003 Toepher Rd 211 W Fort St Ste 2001 3000 University Dr 10 Livingston Pl 2nd Fl 205 Millersburg Rd 333 S Tanner Ste PO RFQ Office 10101 Claude Freeman Dr Ste 200 N
ADDRESS2
875 Heron Rd
CITY Dorval Belleville Dorval Ottawa Chicago Chicago
STATE QC ON QC ON IL IL OH NY LA AL MI MI MI MI MI MI MI MI NC CA ON PA TN OH CT SC TN IL NH NC ON NC SC NC MI MI MI MI MI CT OH IL MI NC
ZIP H4Y 1G7 K8N 2S3 H4Y 1G7 K1A 9Z9 60604 60604 44122 10017-3954 71207 36104 48909 48909 48277-0833 48909 48918-0001 48909-8244 48226 48075 28602 937151192 K8V 5R1 19468 37247 44316-0001 06511 29728 38125 61802 03835 27828-1621 K7G 2T6 28762 29728 27371 48083 48232 48089-3171 48226 48326-2356 06830 44633 61866 48111 28262-2337
COUNTRY Canada Canada Canada Canada
25101 Chagrin Blvd Cleveland New York Monroe Montgomery Lansing Lansing Detroit Lansing Lansing Lansing Detroit Southfield Hickory Fresno Trenton Limerick Nashville Akron New Haven Pageland Memphis Urbana Farmington Farmville Gananoque Old Fort Pageland Troy Troy Detroit Warren Detroit Auburn Hills Greenwichn Holmesville Rantoul Van Buren Township Charlotte
50 N Ripley St
Jennifer Nelles US Trustee First Plaza County Of Fresno Jim Leyden TN Attorney Generals Office Steven C Bordenkircher Esq Stephen R Bellis Esq Michael F Geiger Esq
PO Box 30744
PO Box 2228
Canada
425 5th Ave N
PO Box 67
Farmville Downtown Partnership
PO Box 100
Canada
Fsia Inc Randy Lueth Attn Civil Division Jerry Dittrich Blue Point Capital Bpv Lowell LLC
PO Box 113
One Village Center Dr co Lincoln Harris Llc
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CREDITOR NAME Wachtell Lipton Rosen & Katz Wellington Green LLC
CREDITOR NOTICE NAME Hal Novikoff
ADDRESS1 51 W 52nd St 31100 Telegraph Rd Ste 200
ADDRESS2
CITY New York Bingham Farms
STATE NY MI
ZIP 10019 48025
COUNTRY
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EXHIBIT B Form of Amendment
K&E 10927616.10
THIRD AMENDMENT TO AND CONSENT UNDER THE AMENDED AND RESTATED REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT THIRD AMENDMENT TO AND CONSENT, dated as of February [ ], 2006 (the Amendment), under the AMENDED AND RESTATED REVOLVING CREDIT, TERM LOAN AND GUARANTY AGREEMENT, dated as of July 28, 2005 (as heretofore amended, restated, modified or supplemented, the Credit Agreement), among COLLINS & AIKMAN PRODUCTS CO., a Delaware corporation (the Borrower), a debtor and debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy Code, COLLINS & AIKMAN CORPORATION, a Delaware corporation and the parent company of the Borrower (the Parent), and the subsidiaries of the Borrower signatory hereto (together with the Parent, each a Guarantor and collectively the Guarantors), each of which Guarantors is a debtor and debtor-in-possession in a case pending under Chapter 11 of the Bankruptcy Code, JPMORGAN CHASE BANK, N.A., a national banking association (JPMCB) and each of the other financial institutions from time to time party hereto (together with JPMCB, the Lenders) and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the Agent) for the Lenders. WITNESSETH: WHEREAS, the Borrower, the Guarantors, the Lenders and the Agent are parties to the Credit Agreement; WHEREAS, the Borrower and the Guarantors own or have interests in certain intellectual property (the Intellectual Property), which (i) will be licensed or assigned to IAC Acquisition Corporation Limited (the Buyer) in exchange for various licensing agreements and other consideration, including cash consideration of approximately $11,046,686, pursuant to the Master Sale Agreement Relating to the Business of Collins & Aikman Group Companies (In Administration), dated as of November 28, 2005, among the English court-appointed administrators (the Administrators) of Collins & Aikman Europe S.A. and its affiliated European debtors (collectively, the European Debtors) and the Buyer and (ii) may be licensed or assigned to certain prospective buyers of assets subject to the UK Administration in exchange for various licensing agreements and other consideration, including cash consideration of approximately $1,453,314 (collectively the transactions set forth in the immediately preceding clauses (i) and (ii), the IP Sale Transaction); WHEREAS, the Borrower and the Guarantors are seeking to sell 100% of their equity interest in Collins & Aikman MOBIS, LLC, a non-debtor joint venture with Hyundai MOBIS, and receive repayment of related intercompany obligations for an aggregate amount of approximately $8,382,000 (the MOBIS Sale) and further seeking to monetize certain annuity contracts underlying the Borrowers prepetition Supplemental Employee Retirement Program and utilize cash held in certain of the Borrowers rabbi trust accounts for an aggregate amount of approximately $6,600,000 (the SERP Transaction, together with the IP Sale Transaction and the MOBIS Sale, the Third Amendment Transactions); WHEREAS, the Borrower and the Guarantors have requested that the Agent and the Lenders consent to the Third Amendment Transactions as set forth herein and agree to additional amendments described herein; and
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WHEREAS, the Lenders are willing to agree to such requested amendments and consents, but only upon the terms and conditions of this Amendment; NOW, THEREFORE, the parties hereto hereby agree as follows: SECTION 1. Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. SECTION 2. Amendments to Section 1.01 of the Credit Agreement (Defined Terms). Section 1.01 of the Credit Agreement is hereby amended to (a) modify the defined term Carve-Out to (i) delete the closed parenthesis immediately after the phrase whether before or after the Customer Financing Period and the New Customer Financing Period, (ii) delete the phrase Customer Financing Period and the New Customer Financing Period wherever it appears therein and insert in lieu thereof the phrase Customer Financing Period, the New Customer Financing Period and the Borrowing Base Deferral Period and (iii) insert a closed parenthesis immediately after the phrase Debtors counsel to the Agent in the second proviso of clause (ii) therein and (b) insert the following defined term in the appropriate alphabetical order: Borrowing Base Deferral Period shall mean the period from April 1, 2006 through and including September 30, 2006.. SECTION 3. Amendment to Section 2.01 of the Credit Agreement (Commitments of the Lenders). Section 2.01 of the Credit Agreement is hereby amended to insert the phrase and the Borrowing Base Deferral Period immediately after the phrase New Customer Financing Period where it appears in paragraph (c) therein. SECTION 4. Amendment to Section 2.03 of the Credit Agreement (Letters of Credit). Section 2.03 of the Credit Agreement is hereby amended to insert the phrase and the Borrowing Base Deferral Period immediately after the phrase New Customer Financing Period where it appears in paragraph (a) therein. SECTION 5. Amendment to Section 2.13 of the Credit Agreement (Mandatory Prepayment; Commitment Termination). Section 2.13 of the Credit Agreement is hereby amended to (a) delete the phrase Customer Financing Period and the New Customer Financing Period wherever it appears in paragraph (a) therein and insert in lieu thereof the phrase Customer Financing Period, the New Customer Financing Period and the Borrowing Base Deferral Period, and (b) delete paragraph (c) in its entirety and insert in lieu thereof the following: (c) Any Net Proceeds described in paragraph (b) of this Section shall be applied as follows: first, ratably (x) to the reduction of the Total Tranche A Commitment of the Tranche A Lenders (and the corresponding prepayment of the Tranche A Loans and any unreimbursed LC Disbursements to the extent such amounts exceed the Total Tranche A Commitment as so reduced) and (y) to the prepayment of the Tranche B Loans of the Tranche B Lenders, until such Tranche A Loans, unreimbursed LC Disbursements and Tranche B Loans have been repaid in full (plus any accrued but unpaid interest and fees thereon, including without limitation any interest payable pursuant to Section 2.09), and second, to the Cash Collateralization of the Letters of Credit (if any) in an aggregate amount equal to 105% of the Uncollateralized LC Exposure. If after giving effect to the application of Net Proceeds described in clauses first and second of this Section 2.13(c), there shall remain any Net Proceeds available, such Net Proceeds shall not be
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subject to the prepayment, reimbursement and collateralization provisions of this Section 2.13(c), but remain subject to the Liens securing the Secured Obligations in accordance with the Loan Documents and the Orders. SECTION 6. Amendment to Section 6.03 of the Credit Agreement (Indebtedness). Section 6.03 of the Credit Agreement is hereby amended to (a) insert immediately after the reference to $20,000,000 in clause (iv)(B) therein the following phrase: (which amount shall be increased by an amount not to exceed an additional $10,000,000 (x) only to the extent such amount is necessary to settle outstanding commercial disputes of the Designated Foreign Subsidiaries previously identified to the Agent and (y) so long as the Borrower has provided the Agent with at least three (3) Business Days' prior written notice of the terms of such settlement); (b) delete the word and appearing at the end of clause (xv) therein and insert in lieu thereof a semi-colon; and (c) insert the following immediately prior to the period at the end therein: ; and (xvii) recharacterization as a Capitalized Lease of the operating lease in respect of the facility located in Hermosillo, Mexico. SECTION 7. Amendment to Section 6.10 of the Credit Agreement (Investments, Loans and Advances). Section 6.10 of the Credit Agreement is hereby amended to delete the reference to and (xi) therein and insert in lieu thereof the following: ; (xi) investments in Foreign Subsidiaries permitted under Section 6.11(ix); and (xii). SECTION 8. Amendment to Section 6.11 of the Credit Agreement (Disposition of Assets). Section 6.11 of the Credit Agreement is hereby amended to (a) delete the word and appearing at the end of clause (vii) therein and insert in lieu thereof a comma, (b) delete the number $2,500,000 in clause (viii) therein and insert in lieu thereof the number $7,500,000, and (c) insert the following immediately prior to the period at the end therein: ; and (ix) the disposition or transfer of equipment having a net book value not to exceed $10,000,000 in the aggregate at any time from the Borrower or any Guarantors to any Designated Foreign Subsidiary; provided that (A) in calculating compliance with this clause (ix), the Borrower may reduce the aggregate value of asset transfers or dispositions from Loan Parties to Designated Foreign Subsidiaries by the aggregate net book value of asset transfers or dispositions by Designated Foreign Subsidiaries to Loan Parties and (B) so long as such equipment continues to be subject to a first priority Lien in favor of the Agent, for the benefit of the Lenders. SECTION 9. Amendment to Section 10.01 of the Credit Agreement (Notices). Section 10.01 of the Credit Agreement is hereby amended to delete the reference to Marina Flindell in clause (a)(ii) therein and insert in lieu thereof a reference to Ann Kurinskas. SECTION 10. Consents under the Credit Agreement to the Third Amendment Transactions. (a) The Lenders hereby consent under Section 6.09 (Transactions with Affiliates) and Section 6.11 (Disposition of Assets) of the Credit Agreement solely to the extent necessary to permit the Borrower and the Guarantors to consummate the Third Amendment Transactions; provided, however, the foregoing consent is conditioned upon compliance with paragraphs (b), (c) and (d) below and application of the aggregate gross proceeds received by the Borrower and the Guarantors from the Third Amendment Transactions, net of withholding taxes payable arising from the IP Sale Transaction and any brokerage commissions directly related to the SERP Transaction and such other fees, costs and expenses as are
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reasonably agreed to by the Agent (the Net Transaction Proceeds), as follows: i. as to the aggregate Net Transaction Proceeds arising from the IP Sale Transaction, the Borrower and the Guarantors shall be permitted to retain 75% of such Net Transaction Proceeds pursuant to the terms of paragraph (c) below and shall, within one Business Day after the receipt of such Net Transaction Proceeds, pay an amount equal to 25% of such Net Transaction Proceeds to the Agent for the benefit of the Lenders to be applied in the manner set forth in Section 2.13(c) of the Credit Agreement; ii. as to the aggregate Net Transaction Proceeds arising from the MOBIS Sale, the Borrower and the Guarantors shall be permitted to retain 30% of such Net Transaction Proceeds pursuant to the terms of paragraph (c) below and shall, within one Business Day after the receipt of such Net Transaction Proceeds, pay an amount equal to 70% of such Net Transaction Proceeds to the Agent for the benefit of the Lenders to be applied in the manner set forth in Section 2.13(c) of the Credit Agreement; and iii. as to the aggregate Net Transaction Proceeds arising from the SERP Transaction, the Borrower and the Guarantors shall be permitted to retain 30% of such Net Transaction Proceeds pursuant to the terms of paragraph (c) below and shall, within one Business Day after the receipt of such Net Transaction Proceeds, pay an amount equal to 70% of such Net Transaction Proceeds to the Agent for the benefit of the Lenders to be applied in the manner set forth in Section 2.13(c) of the Credit Agreement. (b) Notwithstanding the formula set forth in paragraph (a) above, the Borrower and the Guarantors shall be permitted to retain 50% of the aggregate Net Transaction Proceeds from the Third Amendment Transactions. To the extent the formula set forth in paragraph (a) above would result in allocation of more or less than 50% of the aggregate Net Transaction Proceeds to the Borrower and the Guarantors after consummation of the IP Sale Transaction and either the MOBIS Sale or the SERP Transaction, the Borrower and the Agent shall agree to the reallocation of the Net Transaction Proceeds formula set forth in paragraph (a) above in respect of the remaining Third Amendment Transaction, such that the Borrower and the Guarantors shall retain 50% of the Net Transaction Proceeds of all Third Amendment Transactions and 50% of the Net Transaction Proceeds of all Third Amendment Transactions shall be applied in the manner set forth in Section 2.13(c) of the Credit Agreement. (c) Any Net Transaction Proceeds permitted to be retained by the Borrower from the Third Amendment Transactions pursuant to paragraph (a) above shall, within one Business Day after the receipt thereof, be deposited in a segregated account maintained at JPMorgan Chase Bank, N.A., Account No. [ ] in the name of Collins & Aikman Products Co. (the Net Transaction Proceeds Account) pursuant to documentation reasonably satisfactory to the Agent. Amounts in the Net Transaction Proceeds Account shall not be available for use by the Borrower; provided, however, the Borrower may, subject to satisfaction of the conditions set forth in Section 4.02 of the Credit Agreement and paragraph (d) below, withdraw up to $7,500,000 on any Business Day following delivery to the Agent of prior written notice that the aggregate amount of all unrestricted cash in the deposit and other accounts of the Borrower, the Guarantors and the Designated Foreign Subsidiaries set forth on Schedule A hereto on the date of delivery of such notice (such amount, Available Cash) is less than $5,000,000. (d) If at the end of any Business Day Available Cash exceeds $15,000,000, the Borrower shall deposit on the next immediately succeeding Business Day into the Net Transaction Proceeds Account an amount equal to such excess up to the aggregate net amount of funds previously
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withdrawn from the Net Transaction Proceeds Account, after taking into account the aggregate amount of withdrawals from the Net Transaction Proceeds Account previously repaid pursuant to this paragraph (d). SECTION 11. Other Consents under the Credit Agreement. (a) The Lenders hereby further consent under Section 6.08 (Dividends; Capital Stock) and Section 6.09 (Transactions with Affiliates) of the Credit Agreement to permit the Borrower to dissolve the capital stock of Waterstone Insurance Inc. and to transfer to the Borrower all assets of Waterstone Insurance Inc. (b) The Lenders hereby further consent under Section 6.09 (Transactions with Affiliates) and Section 6.11 (Disposition of Assets) of the Credit Agreement to permit the Borrower to sell its equity interest in Permali do Brasil Industria e Comercio Ltda.; provided that the gross proceeds received by the Borrower or any Subsidiary thereof in respect of such sale shall be deposited in the Escrow Account pursuant to Section 12 below and shall be allocated and applied in accordance therewith. SECTION 12. Agreements pursuant to Section 6.09 of the Credit Agreement (Transactions with Affiliates). The Lenders, the Borrower and the Guarantors hereby agree that (a) within one Business Day of receipt by the Borrower, any Guarantor or any Designated Foreign Subsidiary of any amount, distribution or recovery arising in connection with the UK Administration and the settlement of claims and accounts in respect thereof (including without limitation, the sale or disposition of the equity interest in, and intercompany payables by, direct and indirect Subsidiaries of the UK Debtors, but excluding any payments received by the Borrower pursuant to any transition services agreements between the Borrower and the Buyer), any such amount, distribution or recovery shall be deposited into an escrow account with JPMorgan Chase Bank, N.A. (the Escrow Account) pursuant to terms and documentation reasonably satisfactory to the Agent, (b) as promptly as practicable following the deposit of any such amounts in the Escrow Account, the Agent, the Borrower and the Guarantors shall enter into negotiations to determine the allocation and application of amounts in the Escrow Account, and (c) no amounts shall be released from the Escrow Account unless and until the Agent, the Required Lenders, the Borrower and the Guarantors agree, in writing, to the allocation and application of amounts maintained in the Escrow Account. SECTION 13. Conditions to Effectiveness of Amendment. This Amendment shall be effective on the date on which all of the following conditions precedent have been satisfied or waived (the Effective Date): (a) the Agent (or its counsel) shall have received a counterpart of the Amendment, executed and delivered by a duly authorized officer of each of (i) the Borrower, (ii) the Guarantors and (iii) the Required Lenders and (b) payment, on or before February 13, 2006 of a fee equal to 0.125% of the outstanding principal amount of such consenting Lenders Tranche B Loans and Tranche A Commitment, which fee shall be payable to the Agent, for the ratable benefit of each Lender that executes and delivers this Amendment on or before 5:00 p.m., New York City time, on February 8, 2006. SECTION 14. Representations and Warranties; No Default. After giving effect to this Amendment, each of the Borrower and the Guarantors hereby represents and warrants that all representations and warranties contained in the Credit Agreement are true and correct in all material respects on and as of the date hereof (unless stated to relate to a specific earlier date, in which case, such representations and warranties shall be true and correct in all material respects as of such earlier date) and that no Default or Event of Default shall have occurred and be continuing or would result from the execution and delivery of this Amendment. SECTION 15. Continuing Effect; No Other Amendments or Consents. Except as expressly amended or waived hereby, all of the terms and provisions of the Credit Agreement and the
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other Loan Documents are and shall remain in full force and effect in accordance with their terms. The Borrower and each Guarantor acknowledge and agree that nothing in this Amendment shall, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or Agent under any of the Loan Documents or constitute an indication of the Lenders willingness to consent to any other amendment or consent to any other transaction not referenced in Sections 10, 11 and 12 of this Amendment. SECTION 16. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTION 17. Execution in Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. The execution and delivery of this Amendment by any Lender shall be binding upon each of its successors and assigns (including transferees of its Commitments and Loans in whole or in part prior to the effectiveness hereof) and binding in respect of all of its Commitments and Loans, including any acquired subsequent to its execution and delivery hereof and prior to the effectiveness hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written.
BORROWER: COLLINS & AIKMAN PRODUCTS CO. By: Name: Title:
GUARANTORS: COLLINS & AIKMAN CORPORATION AMCO CONVERTIBLE FABRICS, INC. BECKER GROUP, LLC BRUT PLASTICS, INC. COLLINS & AIKMAN (GIBRALTAR) LIMITED COLLINS & AIKMAN ACCESSORY MATS, INC. COLLINS & AIKMAN ASSET SERVICES, INC. COLLINS & AIKMAN AUTOMOTIVE (ARGENTINA), INC. (f/k/a Textron Automotive (Argentina), Inc.) COLLINS & AIKMAN AUTOMOTIVE (ASIA), INC. (f/k/a Textron Automotive (Asia), Inc.) COLLINS & AIKMAN AUTOMOTIVE EXTERIORS, INC. (f/k/a Textron Automotive Exterior, Inc.) COLLINS & AIKMAN AUTOMOTIVE INTERIORS, INC. (f/k/a Textron Automotive Interiors, Inc.) COLLINS & AIKMAN AUTOMOTIVE INTERNATIONAL, INC. COLLINS & AIKMAN AUTOMOTIVE INTERNATIONAL SERVICES, INC. (f/k/a Textron Automotive International Services, Inc.) COLLINS & AIKMAN AUTOMOTIVE MATS, LLC COLLINS & AIKMAN AUTOMOTIVE OVERSEAS INVESTMENT, INC. (f/k/a Textron Automotive Overseas Investment, Inc.) COLLINS & AIKMAN AUTOMOTIVE SERVICES, LLC COLLINS & AIKMAN CANADA DOMESTIC HOLDING COMPANY COLLINS & AIKMAN CARPET & ACOUSTICS (MI), INC. COLLINS & AIKMAN CARPET & ACOUSTICS (TN), INC. COLLINS & AIKMAN DEVELOPMENT COMPANY
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8
COLLINS & AIKMAN EUROPE, INC. COLLINS & AIKMAN FABRICS, INC. (f/k/a Joan Automotive Industries, Inc.) COLLINS & AIKMAN INTELLIMOLD, INC. (f/k/a M&C Advanced Processes, Inc.) COLLINS & AIKMAN INTERIORS, INC. COLLINS & AIKMAN INTERNATIONAL CORPORATION COLLINS & AIKMAN PLASTICS, INC. COLLINS & AIKMAN PROPERTIES, INC. COMET ACOUSTICS, INC. CW MANAGEMENT CORPORATION DURA CONVERTIBLE SYSTEMS, INC. GAMBLE DEVELOPMENT COMPANY JPS AUTOMOTIVE, INC. SOUTHWEST LAMINATES, INC. WICKES ASSET MANAGEMENT, INC. WICKES MANUFACTURING COMPANY By: Name: Title: NEW BALTIMORE HOLDINGS, LLC By: Collins & Aikman Products Co., its sole member
By: Name: Title: OWOSSO THERMAL FORMING, LLC By: Collins & Aikman Products Co., its sole member
By: Name: Title: AGENT AND LENDERS: JPMORGAN CHASE BANK, N.A. Individually and as Agent By: Name: Title:
509265-0843-02925-NY01.2545191
_________________________________________, as Lender By: Name: Title:
509265-0843-02925-NY01.2545191
SCHEDULE A Available Cash Accounts
Available Cash includes cash reported on a GAAP basis in the United States, Canada, and Mexico in the bank accounts noted below. Account Description United States JPM Concentration AP Master Payroll Master Investment Account Canada Scotia JPM Toronto Lockbox Lockbox Bank Account Number
323020682 323885535 323885527 904138461
800021101315 4664767101 466501410 466503010
Mexico Cash, in all accounts, reported on a GAAP basis in excess of $5,700,000, for minimum operating liquidity purposes.
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IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: COLLINS & AIKMAN CORPORATION,

Amendment.2 a. Consent to Certain Transactions

Modifications to the Negative Covenants

the implementation of this Order.

Dated: February 3, 2006

Served via Electronic Mail

Served via Electronic Mail

CREDITOR NOTICE NAME Kim R Kolb Esq

Paul V Possinger & Peter A Siddiqui

Served via Electronic Mail

CREDITOR NOTICE NAME

James S Carr Denver Edwards

Elizabeth Weller John P Dillman Timothy Chen Vincent A DAgostino Esq

Lewis Rosenbloom Jospeh A Foster John R Grant Paul A Lucey

Peter Nils Baylor Esq

Served via Electronic Mail

Served via Electronic Mail

treasReg@michigan.gov steve.e.spence@usdoj.gov laplante@millercanfield.com sas@simanlaw.net

Served via Facsimile

Tom Tekieke General Fax

Served via Facsimile

Served via Overnight Mail

1007 N Market St PO Box 10032

Director's Office for Taxpayer Services Division

Served via Overnight Mail

CREDITOR NOTICE NAME

CITY Charlotte Atlanta Pittsburgh Pittsburgh Charlotte Detroit Indianapolis

Michael L Cioffi of the City of Montgomery

Canada Customs & Rev Agency Technology Ctr 875 Heron Rd

Served via Overnight Mail

CREDITOR NOTICE NAME

CITY Dorval Belleville Dorval Ottawa Chicago Chicago

COUNTRY Canada Canada Canada Canada

425 5th Ave N

Farmville Downtown Partnership

One Village Center Dr co Lincoln Harris Llc

Served via Overnight Mail

CREDITOR NOTICE NAME Hal Novikoff

ADDRESS1 51 W 52nd St 31100 Telegraph Rd Ste 200

CITY New York Bingham Farms

ZIP 10019 48025

EXHIBIT B Form of Amendment

BORROWER: COLLINS & AIKMAN PRODUCTS CO. By: Name: Title:

_________________________________________, as Lender By: Name: Title:

SCHEDULE A Available Cash Accounts

323020682 323885535 323885527 904138461

800021101315 4664767101 466501410 466503010

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