Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On January 28, 2008, Frederick's of Hollywood Group Inc. (the "Company") entered into an Amended and Restated Financing Agreement by and among the Company and certain of its Subsidiaries, as Borrowers, the financial institutions from time to time party thereto and Wells Fargo Retail Finance II, LLC, as the Arranger and Agent ("Financing Agreement"). The Financing Agreement provides for a credit facility for a maximum amount of $50 million comprised of a $25 million line of credit and up to an additional $25 million commitment in multiples of $5 million at the Company's option so long as the Borrowers are in compliance with the terms of the Financing Agreement. A copy of the Financing Agreement was previously filed as an exhibit to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 1, 2008 and is incorporated herein by reference.
On November 4, 2008, the Company utilized the accordion feature under the Financing Agreement to increase the current borrowing amount under the facility from $25 million to $30 million. In doing so, the Company's minimum availability reserve under the facility increased by $375,000 (7.5% of the $5,000,000 increase) to $2,250,000 (7.5% of the $30,000,000) and the Company incurred certain customary fees, including a one time closing fee of $12,500. All other material terms under the Financing Agreement remain unchanged.
Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits:
None.

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