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): November 4, 2008
FREDERICK’S OF HOLLYWOOD GROUP INC.
(Exact Name of Registrant as Specified in Charter)
| |
|
|
|
|
| New York
|
|
1-5893
|
|
13-5651322 |
| |
|
|
|
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.) |
| |
|
|
| 1115 Broadway, New York, New York
|
|
10010 |
|
|
|
|
| (Address of Principal Executive Offices)
|
|
(Zip Code) |
Registrant’s telephone number, including area code: (212) 798-4700
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction
A.2. below):
|
|
|
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
|
| 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: