SEC Contract Filing

Filing Date: 2023-05-03

Document Content:
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<TYPE>EX-10.1
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<FILENAME>hbi-20230401xex101.htm
<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXHIBIT 10.1 EXECUTION VERSION THIRD AMENDMENT This THIRD AMENDMENT (this &#8220;Third Amendment&#8221;), dated as of February 1, 2023, is entered into among HANESBRANDS INC., a Maryland corporation (the &#8220;Parent Borrower&#8221;), MFB International Holdings S.&agrave; r.l., a private limited liability company (soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e), incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 33-39, rue du Puits Romain, L-8070 Bertrange, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des soci&eacute;t&eacute;s, Luxembourg) under number B 182.082 (the &#8220;Lux Borrower&#8221;), HBI Holdings Australasia PTY LTD (formerly HBI Australia Acquisition Co. PTY LTD) (ACN 612 185 476), an Australian proprietary limited company (the &#8220;Australian Borrower&#8221;), solely following the satisfaction of the terms and conditions set forth in Section 5.3 thereof, HBI Italy Acquisition Co. S.R.L., a societ&agrave; a responsabilit&agrave; limitata formed in Italy (the &#8220;Euro Borrower&#8221; and, together with the Parent Borrower, Lux Borrower and Australian Borrower, the &#8220;Borrowers&#8221;), the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the &#8220;Administrative Agent&#8221;) and as collateral agent. RECITALS WHEREAS, the Borrowers, the lenders from time to time party thereto (the &#8220;Lenders&#8221;), and JPMorgan Chase Bank, N.A., as Administrative Agent and collateral agent, are party to the Fifth Amended and Restated Credit Agreement, dated as of November 19, 2021 (as amended by the First Amendment, dated as of October 31, 2022, the Second Amendment, dated as of November 4, 2022, and as further amended, restated, amended and restated, modified, extended, replaced, or supplemented from time to time prior to the date hereof, the &#8220;Credit Agreement&#8221;; the Credit Agreement as amended by this Amendment, the &#8220;Amended Credit Agreement&#8221;); and WHEREAS, the Borrowers have requested certain amendments be made to the Credit Agreement, including, among other things, certain relief from its financial maintenance covenants; WHEREAS, the Lenders party hereto (which, for the avoidance of doubt, constitute the Required Lenders under the Credit Agreement) are willing to amend the Credit Agreement pursuant to Section 10.1 thereof on the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Defined Terms. Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement, as amended by this Third Amendment. 2. Amendments. The Credit Agreement (including the applicable Exhibits thereto) is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages attached as Exhibit A hereto. 3. Conditions Precedent. This effectiveness of this Third Amendment is subject to the satisfaction of each of the following conditions (the date of the satisfaction of all such conditions, the &#8220;Third Amendment Effective Date&#8221;): </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 (a) The Administrative Agent (or its counsel) shall have received a counterpart of this Third Amendment signed on behalf of each Borrower, the Administrative Agent and Lenders constituting the Required Lenders. (b) The Administrative Agent shall have received a certificate of each of the Borrowers, dated as of the Third Amendment Effective Date, substantially in the form of Exhibit L to the Credit Agreement, with appropriate insertions and attachments. (c) Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or &#8220;material adverse effect&#8221;), in each case on and as of the Third Amendment Effective Date as if made on and as of such date except to the extent that such representations and warranties relate to an earlier date, in which case such representations and warranties were true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or &#8220;material adverse effect&#8221;) as of such earlier date. (d) No Default or Event of Default has occurred and be continuing on the Third Amendment Effective Date or after giving effect to the transactions set forth in this Third Amendment. (e) The Administrative Agent shall have received all reasonable and documented fees and expenses of the Administrative Agent, in connection herewith, required to be paid or reimbursed under Section 10.5 of the Amended Credit Agreement (including