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BOB EVANS FARMS INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 24, 2014



Item 1.01 Entry into a Material Definitive Agreement.

On July 23, 2014, Bob Evans Farms, Inc. (the "Registrant"), entered into a First Amendment to Amended and Restated Credit Agreement to its $750,000,000 Revolving Credit Facility Amended and Restated Credit Agreement (the "Amended Credit Agreement") among Bob Evans Farms, LLC, an Ohio limited liability company, as borrower (the "Borrower"); the Registrant and its wholly-owned subsidiary, BEF Foods, Inc., an Ohio corporation ("BEF Foods"), as guarantors; and the Lenders and the Administrative Agent who originally entered into the Credit Agreement on January 2, 2014.

The terms of the Amended Credit Agreement were amended related to: (a) the Maximum Leverage Ratio for the period starting July 25, 2014 through July 22, 2016 and thereafter; (b) certain restricted payment requirements related to share repurchases; and (c) the Pricing Grid. A copy of the Amended Credit Agreement is attached hereto as Exhibit 4.2.

As of July 22, 2014 there were loans outstanding in the total amount of approximately $462.0 million. Letters of credit totaling approximately $11.0 million were also outstanding.

The foregoing description of the provisions of the Amended and Restated Credit Agreement, the Amended Credit Agreement and the Guaranty is qualified in its entirety by reference to the full and complete terms of the Amended and Restated Credit Agreement, the Amended Credit Agreement and the Guaranty. A description of the Amended and Restated Credit Agreement and the Guaranty are available in Registrant's Form 8-K filed on January 2, 2014.

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

Please see the description in "Item 1.01. Entry into a Material Definitive Agreement" of this Current Report on Form 8-K related to the entering into of the First Amendment to Amended and Restated Credit Agreement by the Registrant as borrower and the guaranty by the Registrant's parent and a material subsidiary.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. 4.1 $750,000,000 Revolving Credit Facility Incorporated herein by reference to Amended and Restated Credit Agreement Exhibit 4.1 to Bob Evans Farms, effective January 2, 2014 among Bob Inc.'s Quarterly Report on Form 10-Q Evans Farms, LLC, as borrower; Bob for its fiscal quarter ended Evans Farms, Inc. and its wholly-owned January 24, 2014 filed March 4 , 2014 subsidiary, BEF Foods, Inc., as (File No. 0-1667) guarantors; PNC Bank, National Association, as administrative agent, and the other Lenders party thereto. 4.2 First Amendment to $750,000,000 Filed Herewith Revolving Credit Facility Amended and Restated Credit Agreement effective July 23, 2014 among Bob Evans Farms, LLC, as borrower; Bob Evans Farms, Inc. and its wholly-owned subsidiary, BEF Foods, Inc., as guarantors; PNC Bank, National Association, as administrative agent, and the other Lenders party thereto.



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Source: Edgar Glimpses


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