BARNES & NOBLE, INC. (NYSE:BKS) Files An 8-K Entry into a Material Definitive Agreement

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BARNES & NOBLE, INC. (NYSE:BKS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement.

On July 13, 2018, Barnes & Noble, Inc. (the “Company”) and certain of its subsidiaries (together with the Company, the “Borrowers”) entered into a second amendment (the “Second Amendment”) to the credit agreement dated as of August 3, 2015, as amended as of September 30, 2016 (as further amended by the Second Amendment, the “Credit Agreement”), with Bank of America, N.A., as administrative agent, collateral agent and swingline lender,and theother lenders from time to time party thereto. The Company’s press release announcing the entry into the Second Amendment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Second Amendment, among other things, extends the maturity date of the $750 million credit facility under the Credit Agreement from August 3, 2020 to July 13, 2023 and reduces the interest rate margins applicable to the loans under the revolving facilities under the Credit Agreement by 0.25% per annum.

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

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

The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are filed as a part of this Report.

Exhibit No.

Description

Second Amendment to Credit Agreement, dated as of July 13, 2018, by and among Barnes & Noble, Inc., as borrower, the other borrowers, guarantors and lenders party thereto from time to time, Bank of America, N.A., as administrative agent, and the other agents party thereto*
99.1 Press Release of Barnes & Noble, Inc., dated July 17, 2018

* to a request for confidential treatment, portions of this Exhibit have been redacted from the publicly filed document and have been furnished separately to the Securities and Exchange Commission as required by Rule 24b-2 under the Securities Exchange Act of 1934, as amended.


BARNES & NOBLE INC Exhibit
EX-10.1 2 ex10-1.htm SECOND AMENDMENT TO CREDIT AGREEMENT Exhibit 10.1   SECOND AMENDMENT TO CREDIT AGREEMENT This SECOND AMENDMENT TO CREDIT AGREEMENT,…
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About BARNES & NOBLE, INC. (NYSE:BKS)

Barnes & Noble, Inc. is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com. The Company also offers a textbook rental option to its customers through barnesandnoble.com. The Company offers its customers a suite of textbook options-new, used, digital and rental.