SEC Contract Filing

Filing Date: 2020-04-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hbi-20200328xex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="sDA3E953049FB8A0C7FC4C780FD8AC977"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">FIRST AMENDMENT AND WAIVER, dated as of April 27, 2020 (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;), to the FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 15, 2017 (as amended, supplemented or otherwise modified prior to the date hereof, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), among HANESBRANDS INC., a Maryland corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Parent Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), MFB INTERNATIONAL HOLDINGS S.&#192; R.L., a soci&#233;t&#233; &#224; responsabilit&#233; limit&#233;e, incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 33, rue du Puits Romain, L-8070 Bertrange and registered with the Luxembourg Trade and Companies Register under number B 182.082 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Lux Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), HBI Holdings Australasia Pty Ltd (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Australian Borrower</font><font style="font-family:inherit;font-size:11pt;">&#32;and, together with the Parent Borrower and the Lux Borrower, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrowers</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the Lenders party thereto from time to time and JPMORGAN CHASE BANK, N.A. (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">JPMorgan</font><font style="font-family:inherit;font-size:11pt;">&#8221;), as the Administrative Agent and the Collateral Agent (in such capacities, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">W I T N E S S E T H :</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Parent Borrower has requested that the Required Covenant Lenders consent to waive and modify certain requirements of Section 7.2.4 of the Credit Agreement for the Fiscal Quarters ending June 27, 2020 through July 3, 2021, and the Required Covenant Lenders are willing to consent to such waiver and modification on the terms and subject to the conditions set forth in this Amendment;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Borrowers, the Required Covenant Lenders and the Administrative Agent are willing to agree to this Amendment on the terms set forth herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, pursuant to Section 10.1 of the Credit Agreement, the parties hereto hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:0px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:11pt;padding-right:96px;">Section 1.</font><font style="font-family:inherit;font-size:11pt;">DEFINITIONS.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">As used in this Amendment, the terms listed in this Section 1.2 shall have the respective meanings set forth in this Section 1.2:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Covenant Relief Period</font><font style="font-family:inherit;font-size:11pt;">&#8221; means the period commencing on the Amendment Effective Date through (but not including) the Covenant Relief Period Termination Date.</font></d