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BARRY R G CORP /OH/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

June 5, 2014



Item 1.01. Amendment of Material Definitive Agreement.

R.G. Barry Corporation, an Ohio corporation (the "Company"), is a party to a Credit Agreement, dated as of March 1, 2011, with The Huntington National Bank, a national banking association (the "Lender"), as amended by a Change in Terms Agreement, dated February 27, 2014. The Loan Agreement was filed with the Securities and Exchange Commission ("SEC") as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended April 2, 2011 (SEC File No. 001-08769). The Loan Agreement, as so amended, is hereinafter referred to as the "Loan Agreement".

Capitalized terms that are used in this Item 1.01 that are not defined are intended to have the meanings given to them in the Loan Agreement. The descriptions of certain terms of the Loan Agreement that are provided in this Item 1.01 are qualified in their entirety to the full text of the Loan Agreement.

Pursuant to a Second Change In Terms Agreement, dated as of May 30, 2014, the Company and the Lender agreed to amend the Loan Agreement to extend the Revolving Credit Termination Date from June 1, 2014 to September 1, 2014. The Revolving Credit Termination Date is the date the commitment of the Lender to make Revolving Credit Loans to the Company and issue facility letters of credit for the account of the Company terminates.

Under the terms of the Loan Agreement, the Lender has agreed to make Revolving Credit Loans to the Company in an aggregate principal amount of up to $5 million from January 1 through June 30 of each calendar year and in an aggregate principal amount of up to $10 million from July 1 through December 31 of each calendar year and to issue letters of credit for the account of the Company totaling a maximum of $1.5 million.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit No. Description 10.1 Second Change in Terms Agreement, dated as of May 30, 2014, by and between R.G. Barry Corporation and The Huntington National Bank 2



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Source: Edgar Glimpses


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