SEC Contract Filing

Filing Date: 2021-03-18

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dxlg-ex101_26.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><a name="_Hlk64342879"></a>Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">FOURTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FOURTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT (this &#8220;<font style="text-decoration:underline;">Fourth Amendment</font>&#8221;), dated as of March 16, 2021, by and among <font style="font-weight:bold;">DESTINATION XL GROUP, INC.</font>, a Delaware corporation, for itself and as Lead Borrower (in such capacity, the &#8220;<font style="text-decoration:underline;">Lead Borrower</font>&#8221;) for the other Borrowers (individually, a &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221; and, collectively, the &#8220;<font style="text-decoration:underline;">Borrowers</font>&#8221;), the Borrowers, the Guarantors, the Lenders party hereto, <font style="font-weight:bold;">BANK OF AMERICA, N.A.</font>, as Administrative Agent and Collateral Agent (in such capacities, the &#8220;<font style="text-decoration:underline;">Agent</font>&#8221;), and <font style="font-weight:bold;">PLC AGENT LLC</font>, a Delaware limited liability company in its capacity as agent for the FILO Lenders (in such capacity, the &#8220;<font style="text-decoration:underline;">FILO Agent</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">W</font> <font style="text-decoration:underline;">I</font> <font style="text-decoration:underline;">T</font> <font style="text-decoration:underline;">N</font> <font style="text-decoration:underline;">E</font> <font style="text-decoration:underline;">S</font> <font style="text-decoration:underline;">S</font> <font style="text-decoration:underline;">E</font> <font style="text-decoration:underline;">T</font> <font style="text-decoration:underline;">H</font>:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrowers, the Guarantors, the Lenders and the Agent, among others, have entered into a certain Seventh Amended and Restated Credit Agreement, dated as of May&#160;24, 2018, as amended by a certain First Amendment to Seventh Amended and Restated Credit Agreement, dated as of June&#160;3, 2019, as amended by a certain Waiver and Second Amendment to Seventh Amended and Restated Credit Agreement, dated as of September&#160;5, 2019, and as amended by a certain Third Amendment to Seventh Amended and Restated Credit Agreement as of April&#160;15, 2020 (as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrowers have requested, among other things, that the Agent and the Lenders agree to (a)&#160;the Borrowers repaying, refinancing, and replacing the existing first-in, last-out term loan provided under the Credit Agreement prior to the effectiveness of this Fourth Amendment (the &#8220;<font style="text-decoration:underline;">Existing FILO</font>&#8221;) and held by the existing FILO Lenders party to the Credit Agreement prior to the effectiveness of this Fourth Amendment (such lenders, the &#8220;<font style="text-decoration:underline;">Existing FILO Lenders</font>&#8221;) in full with a new first-in, last-out term loan facility by the FILO Lenders party hereto pursuant to this Fourth Amendment and (b)&#160;amend certain other provisions of the Credit Agreement, in each case, subject to the terms and conditions set forth herein; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrowers, the Guarantors, the Agent, the FILO Agent, the Revolving Lenders, and the FILO Lenders have agreed to, on the terms and conditions set forth herein, (a) after giving effect to the Fourth Amendment, the Existing FILO Lenders having no further obligations to make FILO Loans under the Existing FILO, (b)&#160;the FILO Lenders party hereto making the FILO Loan on the Fourth Amendment Effective Date (as defined below) to the Borrowers to repay, refinance, and replace the Existing FILO in full, and (c)&#160;amend certain other provisions of the Credit Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-va