Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Playboy, Inc. amended Amendment No. 4 to the Credit and Guaranty Agreement with Acquiom Agency Services LLC valued at The fourth amendment modifies the Existing Credit Agreement to, among other things, require mandator (effective 2023-02-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Acquiom Agency Services LLC
- Value
- The fourth amendment modifies the Existing Credit Agreement to, among other things, require mandator
- Effective
- 2023-02-17
Exact text from the filing
On February 17, 2023, PLBY Group, Inc. (the “Company”) entered into Amendment No. 4 to the Credit and Guaranty Agreement (the “Fourth Amendment”), dated as of May 25, 2021 (as previously amended on August 11, 2021, August 8, 2022 and December 6, 2022, the “Existing Credit Agreement”, and as further amended by the Fourth Amendment), by and among the Company, Playboy Enterprises, Inc., the subsidiary guarantors party thereto, the lenders party thereto, and Acquiom Agency Services LLC, as the administrative agent and the collateral agent, to amend the terms of the Existing Credit Agreement to, among other things: (i) require that the mandatory prepayment of 80% of the Company’s offering proceeds apply only to the Company’s recent $50 million rights offering (thereby reducing the applicable prepayment cap to $40 million), (ii) require an additional $5 million prepayment by the Company as a condition to completing the Fourth Amendment, and (iii) reduce the prepayment threshold for waiving t
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