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| HTMXQ.PK > SEC Filings for HTMXQ.PK > Form 8-K on 10-Jul-2009 | All Recent SEC Filings |
10-Jul-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On July 7, 2009, Hartmarx Corporation (the "Company") and Coppley Apparel Group Limited, the Company's wholly-owned Canadian subsidiary ("Coppley"), as borrowers, and certain of the Company's subsidiaries, as guarantors, entered into Amendment No. 2 to Ratification Agreement and Amendment No. 9 to Loan and Security Agreement (the "Amendment") with Wachovia Capital Finance Corporation (Central), in its capacity as agent (the "Agent"), and the lenders party thereto, which amended the Company's existing credit facility (the "Credit Facility") pursuant to which the lenders thereto provide debtor-in-possession financing to the Company and its subsidiaries.
The Amendment amended the Credit Facility in order to, among other things, (i) extend the maturity date of the Credit Facility to the earlier of: (A) July 17, 2009; (B) the later of (y) the close of business on the business day immediately prior to the closing of the sale contemplated by the Amended and Restated Asset Purchase Agreement, dated as of June 1, 2009 (the "Asset Purchase Agreement"), among the Company, certain of the Company's subsidiaries, Emerisque Brands UK Limited and SKNL North America, B.V. and (z) the close of business on the business day immediately prior to the closing of the sale of substantially all of the assets of Coppley, (C) the date of confirmation of a plan of reorganization for any debtor, or (D) the last termination date set forth in the final financing order of the United States Bankruptcy Court for the Northern District of Illinois Eastern Division; (ii) implement certain limitations on the amounts outstanding under the Credit Facility; (iii) implement a closing date of no later than July 17, 2009 with respect to the sale contemplated by the Asset Purchase Agreement; and (iv) require the Company, Coppley and the subsidiary guarantors to comply with the budget provided to the Agent for the week commencing July 3, 2009 through and including the week ending July 17, 2009.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this report.
(d) Exhibits.
Exhibit No. Description
10.1 Amendment No. 2 to Ratification Agreement and Amendment No. 9 to Loan
and Security Agreement, dated as of July 7, 2009, among Wachovia Capital
Finance Corporation (Central), in its capacity as agent for the lenders
party thereto, the parties thereto as lenders, Hartmarx Corporation, as
debtor and debtor-in-possession and as borrower (the "Company"), Coppley
Apparel Group Limited, as debtor and debtor-in-possession and as
borrower, and each of the subsidiaries of the Company party thereto, as
debtor and debtor-in-possession and as guarantors
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