Document:

<PAGE>   1

                                                                     EXHIBIT 4.7

                      FOURTH AMENDMENT TO CREDIT AGREEMENT

         This FOURTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered
into as of May 9, 2001 among GERBER CHILDRENSWEAR, INC., a Delaware corporation
("Gerber") and AUBURN HOSIERY MILLS, INC., a Kentucky corporation ("Auburn",
collectively with Gerber, the "Borrowers"); the Subsidiaries of Gerber (other
than Auburn) as Guarantors, the Lenders party hereto and BANK OF AMERICA, N.A.,
formerly NationsBank, N.A., as Administrative Agent for the Lenders (the
"Administrative Agent"). Capitalized terms used herein and not otherwise defined
shall have the meanings set forth in the Credit Agreement (as defined below).

                                    RECITALS

         WHEREAS, the Borrowers, the Guarantors, the Lenders and the
Administrative Agent entered into that certain Credit Agreement, dated as of
December 17, 1997 (as amended by that certain First Amendment to Credit
Agreement and Consent, Release and Waiver, dated as of April 3, 1998, that
certain Second Amendment to Credit Agreement and Consent, Release and Waiver,
dated as of June 2, 1998, and that certain Third Amendment to Credit Agreement,
Waiver and Consent, dated as of August 24, 1999, the "Credit Agreement").

         WHEREAS, the Borrowers and the Guarantors have requested that the
Required Lenders agree to amend certain provisions of the Credit Agreement.

         WHEREAS, the Required Lenders have agreed to do so, as more fully set
forth below but only upon the terms and conditions set forth herein.

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

                                    AGREEMENT

1.       Amendments to Credit Agreement.

         (a) Amendment to Section 1.1. The definition of "Permitted Investments"
set forth in Section 1.1 of the Credit Agreement is hereby amended by restating
subclause (i) in its entirety to read as follows:

         (i) Investments by Gerber Childrenswear, Inc. in capital stock of
         Gerber Childrenswear, Inc. resulting from the repurchase of such stock
         from employees who voluntarily or involuntarily terminate their
         employment from Gerber Childrenswear, Inc and its Subsidiaries not to
         exceed $1,000,000 (net of any proceeds from the reissuance of any such
         shares to other employees of Gerber Childrenswear, Inc), in the
         aggregate, during the term of this Credit Agreement;

         (b) Amendment to Section 8.1(e). Section 8.1(e) of the Credit Agreement
is hereby amended and restated in its entirety to read as follows:

                  (e) purchase money Indebtedness (including Capital Leases) to
         finance the purchase of fixed assets (including equipment); provided
         that (i) the total of all such Indebtedness for all such Persons taken
         together shall not exceed an aggregate principal amount of $2,000,000
         at any one time outstanding (in addition to any such Indebtedness
         referred to in subsection (b) above); (ii) such Indebtedness when
         incurred shall not exceed the purchase price of the asset(s) financed;
         and (iii) no such Indebtedness shall be refinanced for a principal
         amount in excess of the principal balance outstanding thereon at the
         time of such refinancing;

2.       Effectiveness; Conditions Precedent. This Amendment shall be deemed to
have become effective as of April 1, 2001 upon receipt by the Administrative
Agent of the following:

<PAGE>   2

                  (a) copies of this Amendment duly executed by the Credit
         Parties and the Lenders;

                  (b) the payment to the Administrative Agent, for the account
         of each Lender approving this Amendment on or prior to May 9, 2001, an
         amendment fee equal to $1,500 per such Lender; and

                  (c) the payment of expenses, including without limitation
         reasonable attorneys fees, incurred in connection with the preparation
         of this Amendment.

3.       Ratification of Credit Agreement. The term "Credit Agreement" as used
in each of the Credit Documents shall hereafter mean the Credit Agreement as
amended and modified by this Amendment. Except as herein specifically agreed,
the Credit Agreement, as amended by this Amendment, is hereby ratified and
confirmed and shall remain in full force and effect according to its terms. The
Credit Parties acknowledge and consent to the modifications set forth herein and
agree that this Amendment does not impair, reduce or limit any of their
obligations under the Credit Documents and that, after the date hereof, this
Amendment shall constitute a Credit Document. Notwithstanding anything herein to
the contrary and without limiting the foregoing, (a) each of the Credit Parties
reaffirms the liens and security interests granted under the terms of the Credit
Documents and (b) each of the Guarantors reaffirm their guaranty obligations set
forth in the Credit Agreement.

4.       Authority/Enforceability. Each of the Credit Parties represents and
warrants as follows:

                  (a) It has taken all necessary action to authorize the
         execution, delivery and performance of this Amendment.

                  (b) This Amendment has been duly executed and delivered by
         such Person and constitutes such Person's legal, valid and binding
         obligations, enforceable in accordance with its terms, except as such
         enforceability may be subject to (i) bankruptcy, insolvency,
         reorganization, fraudulent conveyance or transfer, moratorium or
         similar laws affecting creditors' rights generally and (ii) general
         principles of equity (regardless of whether such enforceability is
         considered in a proceeding at law or in equity).

                  (c) No consent, approval, authorization or order of, or
         filing, registration or qualification with, any court or governmental
         authority or third party is required in connection with the execution,
         delivery or performance by such Person of this Amendment.

                  (d) The execution and delivery of this Amendment does not (i)
         violate, contravene or conflict with any provision of its, or its
         Subsidiaries' organizational documents or (ii) materially violate,
         contravene or conflict with any Requirement of Law or any other law,
         regulation (including, without limitation, Regulation U or Regulation
         X), order, writ, judgment, injunction, decree or permit applicable to
         it or any of its Subsidiaries.

5.       No Default. The Credit Parties represent and warrant to the Lenders
that (a) the representations and warranties of the Credit Parties set forth in
Section 6 of the Credit Agreement are true and correct as of the date hereof and
(b) no event has occurred and is continuing which constitutes a Default or an
Event of Default.

6.       Release. In consideration of entering into this Amendment, each of the
Credit Parties releases the Agents, the Lenders, and each Agent's and each of
the Lender's respective Affiliates, Subsidiaries, officers, employees,
representatives, agents, counsel and directors from any and all actions, causes
of action, claims, demands, damages and liabilities of whatever kind or nature,
in law or in equity, now known or unknown, suspected or unsuspected to the
extent that any of the foregoing arises from any action or failure to act on or
prior to the date hereof.

7.       Counterparts/Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. Delivery of
executed counterparts of this Amendment by telecopy shall be effective as an
original and shall constitute a representation that an original shall be
delivered.

                                       2
<PAGE>   3

8.       GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.

                                       3
<PAGE>   4

         IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart
of this Amendment to be duly executed and delivered and this Amendment shall be
effective as of the date first above written.

BORROWERS:
                                         GERBER CHILDRENSWEAR, INC., a Delaware
                                         corporation

                                         By: /s/ Richard L. Solar
                                            ------------------------------------
                                         Name: Richard L. Solar
                                              ----------------------------------
                                         Title: Senior VP
                                               ---------------------------------

                                         AUBURN HOSIERY MILLS, INC.,
                                         a Kentucky corporation

                                         By: /s/ Richard L. Solar
                                            ------------------------------------
                                         Name: Richard L. Solar
                                              ----------------------------------
                                         Title: Senior VP
                                               ---------------------------------

                              [Signatures continue]

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   5

GUARANTORS:
                                            COSTURA DOMINICANA, INC.,
                                            a Delaware corporation

                                            By: /s/ Richard L. Solar
                                               --------------------------------
                                            Name: Richard L. Solar
                                                 ------------------------------
                                            Title: Senior VP
                                                  -----------------------------

                                            GCW HOLDINGS, INC.
                                            (formerly Auburn Holdings, Inc.),
                                            a Delaware corporation

                                            By: /s/ Richard L. Solar
                                               --------------------------------
                                            Name: Richard L. Solar
                                                 ------------------------------
                                            Title: Senior VP
                                                  -----------------------------

                                            GCI IP SUB, INC.,
                                            a Delaware corporation

                                            By: /s/ Richard L. Solar
                                               --------------------------------
                                            Name: Richard L. Solar
                                                 ------------------------------
                                            Title: Senior VP
                                                  -----------------------------

                                            GERBER CHILDRENSWEAR CANADA, INC.,
                                            a Delaware corporation

                                            By: /s/ Richard L. Solar
                                               --------------------------------
                                            Name: Richard L. Solar
                                                 ------------------------------
                                            Title: Senior VP
                                                  -----------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   6

LENDERS:

                BANK OF AMERICA, N.A., formerly NationsBank, N.A.,
                acting in its capacity as Administrative Agent and
                Collateral Agent and individually as a Lender

                By: /s/ David H. Dinkins
                   --------------------------------------------------
                Name: David H. Dinkins
                     ------------------------------------------------
                Title: Principal
                      -----------------------------------------------

                BANK OF AMERICA, N.A., formerly NationsBank of Tennessee, N.A.,
                solely in its capacity as an Issuing Lender in connection with
                certain Existing Letters of Credit

                By: /s/ David H. Dinkins
                   --------------------------------------------------
                Name: David H. Dinkins
                     ------------------------------------------------
                Title: Principal
                      -----------------------------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   7

                                            THE CHASE MANHATTAN BANK

                                            By: /s/ Paul O'Neal
                                               ---------------------------------
                                            Name: Paul O'Neal
                                                 -------------------------------
                                            Title: Vice President
                                                  ------------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   8

                                            FLEET NATIONAL BANK as Successor to
                                            FLEET BANK, N.A.

                                            By: /s/ Joseph J. Nastri
                                               ---------------------------------
                                            Name: Joseph J. Nastri
                                                 -------------------------------
                                            Title: Vice President
                                                  ------------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   9

                                            SUNTRUST BANK, ATLANTA

                                            By: /s/ Laura Kahn
                                               ---------------------------------
                                            Name: Laura Kahn
                                                 -------------------------------
                                            Title: Director, Senior Relationship
                                                   Manager
                                                  ------------------------------

                                            By:
                                               ---------------------------------
                                            Name:
                                                 -------------------------------
                                            Title:
                                                  ------------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   10

                                            WACHOVIA BANK, N.A.

                                            By:
                                               ---------------------------------
                                            Name:
                                                 -------------------------------
                                            Title:
                                                  ------------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.

<PAGE>   11

                                            FLEET NATIONAL BANK as Successor to
                                            BANK BOSTON, N.A.

                                            By: /s/ Daniel Greene
                                               --------------------------------
                                            Name: Daniel Greene
                                                 ------------------------------
                                            Title: Senior Vice President
                                                  -----------------------------

                                              Signature Page to Fourth Amendment
                                                             to Credit Agreement
                                                      Gerber Childrenswear, Inc.<PAGE>   1
                                                                    EXHIBIT 4(a)

<Table>
<S>                  <C>                                       <C>                     <C>                                    <C>
6 5 8 9 0
                     COMMON STOCK                                                      COMMON STOCK
                     PAR VALUE $0.01                                                   PAR VALUE $0.01
NUMBER                                                                                                                        SHARES
KEN                   [LOGO]                                   [PHOTO]

                     THIS CERTIFICATE IS TRANSFERABLE                                  CUSIP  500228  10  1
                     IN NEW YORK, NY OR MINNEAPOLIS, MN                                SEE REVERSE FOR CERTAIN DEFINITIONS

                                                              KOGER EQUITY, INC.
                                              INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA

                     This is to certify that

                     is the owner of

KOGER EQUITY, INC.   REFERENCE IS SPECIFICALLY MADE TO THE PROVISIONS OF ARTICLES OF INCORPORATION, WHICH SET FORTH CERTAIN
    CORPORATE        INSTRUCTIONS ON THE TRANSFER AND/OR OWNERSHIP OF SHARES OF COMMON STOCK OF THE COMPANY IF THE PROPOSED
       SEAL          TRANSFER MAY JEOPARDIZE THE QUALIFICATION OF OR MAY CAUSE THE DISQUALIFICATION OF THE COMPANY AS A REAL
       1988          ESTATE INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AMENDED, OR WHICH WOULD RESULT IN ANY
     FLORIDA         "PERSON" (AS DEFINED) ACQUIRING THE OWNERSHIP, DIRECTLY OR INDIRECTLY, OF MORE THAN 9.8% OF THE
                     OUTSTANDING SHARES OF COMMON STOCK OF THE COMPANY.

                     FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF THE PAR VALUE OF ONE CENT ($0.01) EACH OF

                     Koger Equity, Inc. transferable on the books of the Company by the holder hereof in person or by duly
                     authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the
                     shares represented hereby are issued and shall be held subject to all the provisions of the Articles
                     of Incorporation, as amended from time to time (copies of which are on file with the Company) which
                     Articles of Incorporation are incorporated herein by reference as though fully set forth, to all of
                     which the holder by acceptance hereof assents. This Certificate is not valid unless countersigned and
                     registered by the Transfer Agent and Registrar.
                        Witness the seal of the Company and the signatures of its duly authorized officers.
                     Dated
                      COUNTERSIGNED AND REGISTERED:
                           WELLS FARGO BANK MINNESOTA, N.A.       /s/                          /s/
                                      TRANSFER AGENT                Chief Executive Officer      Chairman of the Board of Directors
                                       AND REGISTRAR.

                     BY

American Bank Note Company                 AUTHORIZED OFFICER                        Treasurer
</Table>
<PAGE>   2
<TABLE>
         The following abbreviations, when used in the inscription on the face
of this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<S>                                <C>
TEN COM -as tenants in common          UNIF GIGT MIN ACT- _____________________ Custodian _________________
TEN ENT -as tenants by the entireties                            (Cust)                        (Minor)
JT TEN  -as joint tenants with the right
         of survivorship and not as                       under Uniform Gifts to Minors Act
         tenants in common
                                                          _________________________________________________
                                                                                 (State)

                                   UNIF TRANSFERS MIN ACT-_____________________ Custodian __________________
                                                                 (Cust)                        (Minor)

                                                          under Uniform Transfers to Minors Act

                                                          __________________________________________________
                                                                                 (State)

                     Additional abbreviations may also be used though not in the above list.

                For value received, _______________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE
_______________________________________

_______________________________________

_________________________________________________________________________________________________________________
                  Please print or typewrite name and address including postal zip code of assignee

_________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________

__________________________________________________________________________________________________________ Shares

of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

________________________________________________________________________________________________________ Attorney

to transfer the said stock on the books of the within-named Company with full power of substitution in the premises.

Dated, __________________________________________________

                                    ------------------------------------------------------------------------------------------
                     SIGNATURE:     NOTICE OF THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
                                    UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
                                    ENLARGEMENT OR ANY CHANGE WHATEVER.

                                    ------------------------------------------------------------------------------------------
        SIGNATURE(S) GUARANTEED:    THE SIGNATURES(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
                                    STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
                                    APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-17

This certificate also evidences and entitles the holder to Rights as set forth in a Common Stock Rights Agreement between
the issuer and Wachovia Bank and Trust Company, N.A., as Rights Agent (the "Rights Agent"), dated as of September 30, 1990,
as amended from time to time (the "Rights Agreement"), the terms of which are incorporated herein by reference and a copy of
which is on file at the principal offices of both the issuer and the Rights Agent. The Rights Agent will mail to the registered
holder of this certificate a copy of the Rights Agreement without charge upon written request. Under certain circumstances set
forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this
certificate. Under certain circumstances set forth in the Rights Agreement, Rights issued to, or held by any Person who is,
was or becomes, or acquires shares from, an Acquiring Person or any Affiliate of an Acquiring Person (as each such term is
defined in the Rights Agreement and generally relating to the ownership or purchase of large shareholdings), whether currently
held by or on behalf of such Person or Affiliate or by certain subsequent holders, may become null and void.

In accordance with the terms of the Common Stock Rights Agreement, Wells Fargo Bank Minnesota, N.A. (formerly known as Norwest
Bank Minnesota, N.A.) was appointed Successor Rights Agent, effective November 23, 1999.  Effective August 17, 2000, the
expiration date of the Rights, which was September 30, 2000, was extended through September 30, 2010.
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]