Current Report Filing (8-k)
December 17 2018 - 5:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 17, 2018
DESTINATION MATERNITY CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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0-21196
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13-3045573
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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232 Strawbridge Drive
Moorestown, NJ 08057
(Address of principal executive offices)
Registrants telephone number, including area code: (856)
291-9700
Check the appropriate box below if the
Form 8-K
filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act
(17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to
Rule 14d-2(b) under
the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to
Rule 13e-4(c) under
the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or
Rule 12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01.
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Entry into a Material Definitive Agreement.
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Destination Maternity Corporation (the Company) entered into a commitment extension letter, dated as of December 17, 2018 (the
Commitment Extension Letter) with Bank of America, N.A. (Bank of America), to amend its commitment letter dated September 26, 2018, between the Company and Bank of America (the Original Commitment Letter).
Pursuant to the Original Commitment Letter, Bank of America had committed to provide the Company with senior secured credit facilities (the Credit Facility) in an original amount of up to $76 million with an expiration date of
December 26, 2018 for such commitments. The Commitment Extension Letter, effective immediately, (1) extends the expiration date through April 30, 2019, (2) increases the aggregate principal amount of the
first-in/last-out
asset-based term loan facility from $24 million to $25 million, and (3) increases the aggregate amount of the Credit Facility from
$76 million to $77 million.
The foregoing description of the Original Commitment Letter and the Commitment Extension Letter does not purport to
be complete and is qualified in its entirety by reference to (a) the Original Commitment Letter, which was filed as Exhibit 10.1 to the Companys Current Report filed on September 26, 2018, and (b) the Commitment Extension
Letter, which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 9.01.
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Financial Statements and Exhibits
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(d)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned duly authorized.
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Date: December 17, 2018
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DESTINATION MATERNITY CORPORATION
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By:
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/s/ Marla A. Ryan
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Marla A. Ryan
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Chief Executive Officer
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