PERFORMANCE SPORTS GROUP LTD. (TSE:PSG) Files An 8-K Entry into a Material Definitive Agreement

On December 7, 2016, Performance Sports Group Ltd. (the Company)
entered into (i) Amendment No. 2 to Superpriority
Debtor-in-Possession Term Loan Credit Agreement dated as of
December 7, 2016 (the Term Amendment No. 2) to the Superpriority
Debtor-in-Possession Term Loan Credit Agreement dated as of
October 31, 2016 (the Term Agreement), previously amended as of
November 15, 2016 (the Term Amendment No. 1), by and among
Performance Sports Group Ltd., the subsidiary guarantors from
time to time party thereto, the lenders from time to time party
thereto and 9938982 Canada Inc., as administrative agent and
collateral agent (collectively, the Term Facility), and (ii)
Amendment No. 3 to Superpriority Debtor-in-Possession ABL Credit
Agreement dated as of December 7, 2016 (the ABL Amendment No. 3)
to the Superpriority Debtor-In-Possession ABL Credit Agreement
dated as of October 31, 2016 (the ABL Agreement), previously
amended as of November 15, 2016 (the ABL Amendment No. 1) and
November 21, 2016 (the ABL Amendment No. 2), by and among
Performance Sports Group Ltd., Bauer Hockey Corp., Bauer Hockey,
Inc., the subsidiary borrowers and guarantors party thereto, the
lenders from time to time party thereto and Bank of America,
N.A., as administrative agent and collateral agent (collectively,
the ABL Facility). The changes include amending each agreement to
refer to an updated Budget (as defined in each amendment) and
amending certain related budget covenants as well as the
milestone dates set out in each agreement.

The foregoing descriptions of the Term Facility and the ABL
Facility are qualified in their entirety by reference to the
respective agreements. Copies of the Term Facility and the ABL
Facility were previously filed as Exhibits 10.2 and 10.3,
respectively, to the Companys Current Report on Form 8-K/A filed
on November 3, 2016; copies of Term Amendment No. 1 and ABL
Amendment No. 1 were previously filed as Exhibits 99.1 and 99.2,
respectively, to the Companys Current Report on Form 8-K filed on
November 21, 2016; and a copy of ABL Amendment No. 2 was
previously filed as Exhibit 99.1 to the Companys Current Report
on Form 8-K filed on November 23, 2016. Copies of Term Amendment
No. 2 and ABL Amendment No. 3 are attached hereto as Exhibits
10.1 and 10.2, respectively, to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.