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. 5 to the Credit and Guaranty Agreement with Acquiom Agency Services LLC valued at Amendment to permit sale of Yandy and allow proceeds not to prepay loans (effective 2023-04-04).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Acquiom Agency Services LLC
- Value
- Amendment to permit sale of Yandy and allow proceeds not to prepay loans
- Effective
- 2023-04-04
Exact text from the filing
On April 4, 2023, PLBY Group, Inc. (the “Company”) entered into Amendment No. 5 to the Credit and Guaranty Agreement (the “Fifth Amendment”), dated as of May 25, 2021 (as previously amended on August 11, 2021, August 8, 2022, December 6, 2022 and February 17, 2023, the “Existing Credit Agreement”, and as further amended by the Fifth 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 permit, among other things, the sale (the “Yandy Sale”) of the Company’s wholly-owned subsidiary, Yandy Enterprises, LLC (“Yandy”), and that the proceeds of such sale not be required to prepay the loans under the Existing Credit Agreement; provided that at least 30% of the consideration for the Yandy Sale is paid in cash.
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