Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Playboy, Inc. amended Amendment No. 3 to the Credit and Guaranty Agreement with Acquiom Agency Services LLC valued at Amendment to credit agreement providing for waiver of Total Net Leverage Ratio covenant for Q4 2022, (effective 2022-12-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Acquiom Agency Services LLC
- Value
- Amendment to credit agreement providing for waiver of Total Net Leverage Ratio covenant for Q4 2022,
- Effective
- 2022-12-06
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On December 6, 2022, PLBY Group, Inc. (the “Company”) entered into Amendment No. 3 to the Credit and Guaranty Agreement (the “Third Amendment”), dated as of May 25, 2021 (as previously amended on August 11, 2021 and August 8, 2022, the “Existing Credit Agreement”, and as further amended by the Third 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, provide for: (i) the waiver of the Total Net Leverage Ratio (as defined in the Third Amendment) covenant for the fourth quarter of 2022; (ii) a mandatory prepayment by the Company of $25 million on or before December 30, 2022; (iii) the ability of the Company to voluntarily prepay an additional $5 million by March 1, 2023 (the “23Q1 Payment”) t
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