Container Store Group, Inc.: going-concern / distress — Container Store exits Chapter 11; old equity wiped out, new lenders own company

The Company intends to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and continue as a private company. Item 1.01 Entry into a Material Definitive Agreement. Debtor-in-Possession Credit Agreements On the Effective Date, (a) the Company’s Senior Secured Super-Priority Priming Debtor-in-Possession Term Loan Credit Agreement (the “DIP Term Facility”) matured and all outstanding loans thereunder (the “DIP Term Loans”) were converted into Exit Term Loans (as defined below), and (b) the Company’s Senior Secured Superpriority Debtor-in-Possession Asset-Based Revolving Credit Agreement (the “DIP ABL Facility”) matured and all outstanding loans thereunder (the “DIP ABL Loans”) were converted into Exit ABL Loans (as defined below). New Exit Term Loan Credit Agreement On the Effective Date, the Company Parties entered into an exit term loan credit agreement (the “Exit Term Loan Credit Agreement”) with the lenders under the

Jeffrey A. Miller was appointed as a director of the Company.

the Company adopted a Second Amended and Restated Certificate of Incorporation ("Certificate of Incorporation")