Item 1.01 Entry into Material Definitive Agreement.
On
The Subordinated Note bears interest based on LIBOR plus an applicable margin
ranging from 8.75% to 8.25% payable quarterly in cash. The note matures on
The description of the Subordinated Note set forth in this Current Report on Form 8-K is intended to be a summary and does not purport to be complete. As a result, such description is subject to, and qualified in its entirety by reference to, the applicable document filed as an exhibit to this Current Report on Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
Reference is made to the disclosure regarding the Subordinated Note under Item 1.01 above, which is incorporate herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Subordinated Note ofApex Global Brands Inc. datedDecember 31, 2019 . 2
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