PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
TO CREDIT AGREEMENT
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Warnaco Inc.,as Borrower | ||||
By: | /s/ Stanley P. Silverstein | |||
Name: | Stanley P. Silverstein | |||
Title: | Executive Vice President — International Strategy & Business Development | |||
The Warnaco Group, Inc.,as Group | ||||
By: | /s/ Lawrence R. Rutkowski | |||
Name: | Lawrence R. Rutkowski | |||
Title: | Executive Vice President and Chief Financial Officer | |||
Authentic Fitness On-Line, Inc. Calvin Klein Jeanswear Company CCCAcquisition Corp. CKJHoldings, Inc. Designer Holdings Ltd. Ocean Pacific Apparel Corp. Warnaco Puerto Rico,Inc. Warnaco Retail Inc. Warnaco Swimwear Inc. Warnaco Swimwear Products Inc. CKU.com Inc. WarnacoU.S.,Inc.,as Guarantors | ||||
By: | /s/ Ericka Alford | |||
Name: | Ericka Alford | |||
Title: | Vice President | |||
Bank of America,N.A., as Administrative Agent, Collateral Agent, Lender, Swing Loan Lender and Issuer | ||||
By: | /s/ Seth Tyminski | |||
Name: | Seth Tyminski | |||
Title: | Vice President | |||
Deutsche Bank Trust Company Americas, as Lender | ||||
By: | /s/ Dusan Lazarov | |||
Name: | Dusan Lazarov | |||
Title: | Director | |||
By: | /s/ Vincent D’Amore | |||
Name: | Vincent D’Amore | |||
Title: | Director | |||
HSBCBankUSA, N.A.,as Lender | ||||
By: | /s/ Brian Gingue | |||
Name: | Brian Gingue | |||
Title: | Vice President | |||
JPMorgan Chase Bank, N.A.,as Lender | ||||
By: | /s/ Sarah Freedman | |||
Name: | Sarah Freedman | |||
Title: | Vice President | |||
RBS Business Capital, a division of RBS Asset Finance Inc.,as Lender | ||||
By: | /s/ Kenneth Wales | |||
Name: | Kenneth Wales | |||
Title: | Vice President | |||
U.S.Bank National Association, as Lender | ||||
By: | /s/ Sandra Evans | |||
Name: | Sandra Evans | |||
Title: | Senior Vice President | |||
TDBankN.A.,as Lender | ||||
By: | /s/ Michael Lockery | |||
Name: | Michael Lockery | |||
Title: | Vice-President | |||
Branch Banking and Trust Company, as Lender | ||||
By: | /s/ Roberts A. Bass | |||
Name: | Roberts A. Bass | |||
Title: | Senior Vice President | |||
Capital One Leverage Finance Corp., as Lender | ||||
By: | /s/ Michael Burns | |||
Name: | Michael Burns | |||
Title: | Senior Vice President | |||
The Bank of Nova Scotia,as Lender and Issuer | ||||
By: | /s/ DAVID MAHMOOD | |||
Name: | DAVID MAHMOOD | |||
Title: | MANAGING DIRECTOR | |||
UBSLoan FinanceLLC,as Lender | ||||
By: | /s/ Irja R. Otsa | |||
Name: | Irja R. Otsa | |||
Title: | Associate Director | |||
By: | /s/ Joselin Fernandes | |||
Name: | Joselin Fernandes | |||
Title: | Associate Director | |||
UPSCapital Corporation,as Lender | ||||
By: | /s/ William H. Talbot | |||
Name: | William H. Talbot | |||
Title: | Director of Portfolio | |||
Intesa SanpaoloS.p.A.New York Branch, as Lender | ||||
By: | /s/ John J. Michalisin | |||
Name: | John J. Michalisin | |||
Title: | First Vice President | |||
By: | /s/ Francesco Di Mario | |||
Name: | Francesco Di Mario | |||
Title: | F.V.P. & Head of Credit | |||
as Borrower
as a Guarantor
as Administrative Agent
as Collateral Agent
and
Deutsche Bank Securities Inc.,
as Joint Lead Arrangers
J.P. Morgan Securities Inc,as
and
Deutsche Bank Securities Inc.,
as
and
425 Park Avenue
New York, New York 10022
Category | Rate | |||
Eligible Receivables | 85 | % | ||
Eligible Inventory (other than Documented Non-Letter of Credit Inventory and Inventory covered by Documentary Letters of Credit) | 80 | % |
2
3
Eurodollar Rate | ||||||||||||
Level | Base Rate Loans | Loans | ||||||||||
Level 1 | Less than | .75 | % | 1.75 | % | |||||||
Level 2 | .50 | % | 1.50 | % | ||||||||
Level 3 | Greater than or equal to 70% | .25 | % | 1.25 | % |
4
Average | ||||||||
Level | Revolver Usage | Unused Commitment Fee | ||||||
Level 1 | Less than 50% | % | ||||||
Level 2 | Equal to or greater than 50% | % |
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provided,further, that:
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501 7th Avenue
New York, NY 10018
Attention: Chief Financial Officer
Telecopy No: (212) 287-8546
Email:ealford@warnaco.com
335 Madison Avenue
New York, New York 10017
Account Executive
Telecopy No.: (646) 556-0260
CityPlace I, 35th Floor
CT2-500-35-02
185 Asylum Street
Hartford, CT 06103
Attention: Legal Department
Email: timothy.clarke@bankofamerica.com
128
335 Madison Avenue
New York, New York 10017
Account Executive
Telecopy No.: (646) 556-0260
CityPlace I, 35th Floor
CT2-500-35-02
185 Asylum Street
Hartford, CT 06103
Attention: Legal Department
Email: timothy.clarke@bankofamerica.com
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Warnaco Inc.,as Borrower | ||||||
By: | ||||||
Title: | ||||||
The Warnaco Group, Inc.,as Group | ||||||
By: | ||||||
Title: | ||||||
Bank of America, N.A.,as Administrative Agent and Collateral Agent | ||||||
By: | ||||||
Title: |
Issuers | ||||||
Bank of America, N.A. | ||||||
By: | ||||||
Title: | ||||||
The Bank of Nova Scotia | ||||||
By: | ||||||
Title: |
Lenders | ||||||
Bank of America, N.A. | ||||||
By: | ||||||
Title: | ||||||
AMERICAS Company Americas | ||||||
By: | ||||||
Title: | ||||||
By: | ||||||
Title: |
HSBC Bank USA, N.A. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
JPMorgan Chase Bank, N.A. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
RBS Business Capital, a division of RBS Asset Finance Inc. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
U.S. Bank National Association | ||||||||
By: | ||||||||
Name: | ||||||||
Title: |
TD Bank N.A. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
Branch Banking and Trust Company | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
Capital One Leverage Finance Corp. | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
The Bank of Nova Scotia | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
UBS Loan Finance LLC | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
UPS Capital Corporation | ||||||||
By: | ||||||||
Name: | ||||||||
Title: |
Intesa Sanpaolo S.P.A | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
By: | ||||||||
Name: | ||||||||
Title: |
Page | ||||
ARTICLE I DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS | 1 | |||
Section 1.1 Defined Terms | 1 | |||
Section 1.2 Computation of Time Periods | ||||
Section 1.3 Accounting Terms and Principles | ||||
Section 1.4 Conversion of Foreign Currencies | ||||
Section 1.5 Certain Terms | ||||
ARTICLE II THE REVOLVING CREDIT FACILITY | ||||
Section 2.1 The Commitments | ||||
Section 2.2 Borrowing Procedures | ||||
Section 2.3 Swing Loans | ||||
Section 2.4 Letters of Credit | ||||
Section 2.5 Reduction and Termination of the Commitments | ||||
Section 2.6 Repayment of Loans | ||||
Section 2.7 Evidence of Debt | ||||
Section 2.8 Optional Prepayments | ||||
Section 2.9 Mandatory Prepayments | ||||
Section 2.10 Interest | ||||
Section 2.11 Conversion/Continuation Option | ||||
Section 2.12 Fees | ||||
Section 2.13 Payments and Computations | ||||
Section 2.14 Special Provisions Governing Eurodollar Rate Loans | ||||
Section 2.15 Capital Adequacy | ||||
Section 2.16 Taxes | ||||
Section 2.17 Substitution of Lenders | ||||
Section 2.18 Facility Increase | ||||
Section 2.19 Special Cash Collateral Account | ||||
ARTICLE III CONDITIONS TO LOANS AND LETTERS OF CREDIT | ||||
Section 3.1 Conditions Precedent to Initial Loans and Letters of Credit | ||||
Section 3.2 Conditions Precedent to Each Loan and Letter of Credit | ||||
Section 3.3 Determinations of Initial Borrowing Conditions |
i
(continued)
Page | ||||
ARTICLE IV REPRESENTATIONS AND WARRANTIES | ||||
Section 4.1 Corporate Existence; Compliance with Law | ||||
Section 4.2 Corporate Power; Authorization; Enforceable Obligations | ||||
Section 4.3 Ownership of Group, Borrower; Subsidiaries | ||||
Section 4.4 Financial Statements | ||||
Section 4.5 Material Adverse Change | ||||
Section 4.6 Solvency | ||||
Section 4.7 Litigation | ||||
Section 4.8 Taxes | ||||
Section 4.9 Full Disclosure | ||||
Section 4.10 Margin Regulations | ||||
Section 4.11 No Burdensome Restrictions; No Defaults | ||||
Section 4.12 Investment Company Act | ||||
Section 4.13 Use of Proceeds | ||||
Section 4.14 Insurance | ||||
Section 4.15 Labor Matters | ||||
Section 4.16 ERISA | ||||
Section 4.17 Environmental Matters | ||||
Section 4.18 Intellectual Property; Material License | ||||
Section 4.19 Title; Real Property | ||||
Section 4.20 Perfection of Security Interests in the Collateral | ||||
ARTICLE V FINANCIAL COVENANTS | ||||
Section 5.1 Minimum Fixed Charge Coverage Ratio | ||||
ARTICLE VI REPORTING COVENANTS | ||||
Section 6.1 Financial Statements | ||||
Section 6.2 Default Notices | ||||
Section 6.3 Litigation | ||||
Section 6.4 Asset Sales | ||||
Section 6.5 Notices under Term Loan Documents | ||||
Section 6.6 SEC Filings; Press Releases | ||||
Section 6.7 |
ii
(continued)
Page | ||||
Section 6.8 | ||||
Section 6.9 Insurance | ||||
Section 6.10 ERISA Matters | ||||
Section 6.11 Environmental Matters | ||||
Section 6.12 Borrowing Base Determination | ||||
Section 6.13 Material Licenses | ||||
Section 6.14 Communications and Amendments with respect to Canadian Facility | ||||
Section 6.15 Other Information | ||||
ARTICLE VII AFFIRMATIVE COVENANTS | ||||
Section 7.1 Preservation of Corporate Existence, Etc. | ||||
Section 7.2 Compliance with Laws, Etc. | ||||
Section 7.3 Conduct of Business | ||||
Section 7.4 Payment of Taxes, Etc. | ||||
Section 7.5 Maintenance of Insurance | ||||
Section 7.6 Access | ||||
Section 7.7 Keeping of Books | ||||
Section 7.8 Maintenance of Properties, Etc. | ||||
Section 7.9 Application of Proceeds | ||||
Section 7.10 Environmental | ||||
Section 7.11 Additional Personal Property Collateral and Guaranties | ||||
Section 7.12 [Intentionally Omitted] | ||||
Section 7.13 Real Property | ||||
Section 7.14 [Intentionally Omitted] | ||||
Section 7.15 Post Closing Matters | ||||
ARTICLE VIII NEGATIVE COVENANTS | ||||
Section 8.1 Indebtedness | ||||
Section 8.2 Liens, Etc. | ||||
Section 8.3 Investments | ||||
Section 8.4 Sale of Assets | ||||
Section 8.5 Restricted Payments | ||||
Section 8.6 Prepayment and Cancellation of Indebtedness |
iii
(continued)
Page | ||||
Section 8.7 Restriction on Fundamental Changes | ||||
Section 8.8 Change in Nature of Business | ||||
Section 8.9 Transactions with Affiliates | ||||
Section 8.10 Restrictions on Subsidiary Distributions; No New Negative Pledge | ||||
Section 8.11 Modification of Constituent Documents | ||||
Section 8.12 Modification of Certain Documents and Certain Debt | ||||
Section 8.13 Modification of Debt Agreements | ||||
Section 8.14 Accounting Changes; Fiscal Year | ||||
Section 8.15 Margin Regulations | ||||
Section 8.16 Sale and Leasebacks Transactions | ||||
Section 8.17 No Speculative Transactions | ||||
Section 8.18 Compliance with ERISA | ||||
Section 8.19 Environmental | ||||
ARTICLE IX EVENTS OF DEFAULT | ||||
Section 9.1 Events of Default | ||||
Section 9.2 Remedies | ||||
Section 9.3 Actions in Respect of Letters of Credit | ||||
ARTICLE X THE FACILITY AGENTS | ||||
Section 10.1 Authorization and Action | ||||
Section 10.2 Agent’s Reliance, Etc. | ||||
Section 10.3 The Agents Individually | ||||
Section 10.4 Lender Credit Decision | ||||
Section 10.5 Indemnification | ||||
Section 10.6 Successor Agents | ||||
Section 10.7 Concerning the Collateral and the Collateral Documents | ||||
Section 10.8 Collateral Matters Relating to Related Obligations | ||||
Section 10.9 Posting of Approved Electronic Communications | ||||
Section 10.10 Syndication Agent; Co-Documentation Agents; Arrangers; Joint Bookrunners | ||||
ARTICLE XI MISCELLANEOUS | ||||
Section 11.1 Amendments, Waivers, Etc. | ||||
Section 11.2 Assignments and Participations |
iv
(continued)
Page | ||||
Section 11.3 Costs and Expenses | ||||
Section 11.4 Indemnities | ||||
Section 11.5 Limitation of Liability | ||||
Section 11.6 Right of Set-off | ||||
Section 11.7 Sharing of Payments, Etc. | ||||
Section 11.8 Notices, Etc. | ||||
Section 11.9 No Waiver; Remedies | ||||
Section 11.10 Binding Effect | ||||
Section 11.11 Governing Law | ||||
Section 11.12 Submission to Jurisdiction; Service of Process | ||||
Section 11.13 Waiver of Jury Trial | ||||
Section 11.14 Marshaling; Payments Set Aside | ||||
Section 11.15 Section Titles | ||||
Section 11.16 Intercreditor Agreement | ||||
Section 11.17 | ||||
Section 11.18 Entire Agreement | ||||
Section 11.19 Confidentiality | ||||
Section 11.20 Patriot Act Notice |
v
Schedule I | - | Commitments | ||
Schedule II | - | Applicable Lending Offices and Addresses for Notices | ||
Schedule 2.4 | - | Existing Rollover Letters of Credit | ||
Schedule 4.2 | - | Consents | ||
Schedule 4.3 | - | Ownership of Warnaco Entities | ||
Schedule 4.15 | - | Labor Matters | ||
Schedule 4.16 | - | ERISA Matters | ||
Schedule 4.19 | - | Real Property | ||
Schedule 7.15 | - | Post Closing Matters | ||
Schedule 8.1 | - | Existing Indebtedness | ||
Schedule 8.2 | - | Existing Liens | ||
Schedule 8.3 | - | Existing Investments | ||
Schedule 8.4 | - | Specified Asset Sales | ||
Exhibits | ||||
Exhibit A | - | Form of Assignment and Acceptance | ||
Exhibit B | - | Form of Notice of Borrowing | ||
Exhibit C | - | Form of Swing Loan Request | ||
Exhibit D | - | Form of Letter of Credit Request | ||
Exhibit E | - | Form of Borrowing Base Certificate | ||
Exhibit F | - | Form of Notice of Conversion or Continuation | ||
Exhibit G | - | Form of Opinion of Counsel for the Loan Parties | ||
Exhibit H | - | Form of Compliance Certificate | ||
Exhibit I | - | Form of Pledge and Security Agreement | ||
Exhibit J | - | Form of Guaranty |
Revolving Credit | ||||
Lender | Commitment | |||
Bank of America, N.A. | $ | 43,000,000.00 | ||
JPMorgan Chase Bank, N.A. | $ | 32,000,000.00 | ||
Deutsche Bank Trust Company Americas | $ | 29,000,000.00 | ||
HSBC Bank USA, N.A. | $ | 25,000,000.00 | ||
RBS Business Capital, a division of RBS Asset Finance Inc. | $ | 22,000,000.00 | ||
U.S. Bank National Association | $ | 20,000,000.00 | ||
Branch Banking and Trust Company | $ | 18,000,000.00 | ||
UBS Loan Finance LLC | $ | 15,000,000.00 | ||
TD Bank N.A. | $ | 12,000,000.00 | ||
Capital One Leverage Finance Corp. | $ | 12,000,000.00 | ||
The Bank of Nova Scotia | $ | 10,000,000.00 | ||
UPS Capital Corporation | $ | 7,000,000.00 | ||
Intesa Sanpaolo S.p.A. New York Branch | $ | 5,000,000.00 | ||
Total | $ | 250,000,000.00 | ||
Address of Property | Record Owner | |
The Warnaco Group, Inc. 501 7th Avenue New York, NY 10018 New York County | 501 Seventh Ave. Associates L.L.C c/o Insigna/ESG Inc. 200 Park Ave. New York, NY 10016 Leased by: The Warnaco Group, Inc. |
Amount of Debt | ||||||
Debtor | Creditor(s) | (US$ Equivalent) | Type of Debt | |||
Warnaco Italy S.r.l. | Intesa Sanpaolo S.p.A., Banca Toscana, Banca Nazionale del Lavoro S.p.A., Banca CR Firenze, UniCredit S.p.A. | ***(a) | Revolving Credit | |||
WBR Industria e Comercio de Vestuario Ltda. | HSBC Bank Brasil S.A., Banco do Brasil S.A., Itau Unibanco S.A. | ***(a) | Revolving Credit | |||
Warnaco Asia Limited | The Hong Kong and Shanghai Banking Corporation Limited | ***(b) | Revolving Credit Facility | |||
Warnaco Inc. and certain Foreign Subsidiaries of Group | The Hong Kong and Shanghai Banking Corporation Limited | *** | Letter of Credit Facility |
(a) | These amounts represent current borrowings, not necessarily those experienced during peak, typically seasonal, periods. Maximum borrowings could reach approximately***in Italy and approximately***in Brazil, but are limited almost entirely to a discounted value of available collateral, principally accounts receivable. Excluded are letter of credit and other modest obligations. | |
(b) | This amount is the maximum that may be drawn. As of November 7, 2011 the facility is undrawn. |
Register of Personal and Movable Real Rights (Quebec) (“RPMRR”)
Name(s) searched: | ||
Current name(s) | • Warnaco of Canada Company • Warnaco du Canada • Authentic Fitness of Canada • Condition Physique Authentique du Canada • Calvin Klein • Calvin Klein Jeans • Chaps, a division of Warnaco of Canada Company • Chaps, division de compagnie Warnaco du Canada • 4278941 Canada Inc. | |
Previous name(s)(as per Sharon Druker’s request) | • Compagnie Warnaco du Canada • Warnaco du Canada Limitée • Warnaco du Canada Ltée • Warnaco of Canada Limited • Warnaco of Canada Ltd • 3024368 Nova Scotia Company • Authentic Fitness of Canada Inc. • Condition Physique Authentique du Canada Inc. • 171173 Canada Inc. | |
Trade name(s) | • Nil. |
Date of search: | October 28th, 2011 | |
Date and time of certification of the RPMRR: | October 28th, 2011 at 3:00 p.m. |
1
AMOUNT | ||||||||
(CDN $) & | ||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||
1. | Assignment of rights # 11-0759913-0001 Date: October 4th, 2011 at 9:00 a.m. Expire: n/a | Assignor Xerox Canada Ltd. Assignee BNP Paribas (Canada) | n/a | “Related Security” means, with respect to any Quebec Receivable: (a) All security interests, hypothecs, title retention and lease, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliates, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; (b) all security interests, hypothecs, title retention and leases, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliate, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; (c) all the right, title and interest of the Seller in, to and under all guarantees, indemnities, letters of credit and the proceeds of all insurance policies and premium refunds and other agreements providing credit support in each case received from or arranged by the Debtor or any of its Affiliates in respect of the obligations of any Debtors in respect of such Receivable; and |
2
AMOUNT | ||||||||
(CDN $) & | ||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||
(d) all related Records. For greater certainly, the Related Security only includes the Seller’s right, title and interest in the lease and related leased property to the extent and in as much as they relate to or otherwise support or secure payment of the Quebec Receivable. | ||||||||
2. | Assignment of rights # 11-0501691-0001 Date: July 6th, 2011 at 9:00 a.m. Expire: n/a | Assignor Xerox Canada Ltd. Assignee BNP Paribas (Canada) | n/a | “Related Security” means, with respect to any Quebec Receivable: (a) All security interests, hypothecs, title retention and lease, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliates, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; For greater certainly, the Related Security only includes the Seller’s right, title and interest in the lease and related leased property to the extent and in as much as they relate to or otherwise support or secure payment of the Quebec Receivable. | ||||
3. | Assignment of rights # 11-0226940-0001 Date: April 5th, 2011 at 11:16 a.m. Expire: n/a | Assignor Xerox Canada Ltd. Assignee BNP Paribas (Canada) | n/a | “Related Security” means, with respect to any Quebec Receivable: (a) All security interests, hypothecs, title retention and lease, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliates, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; For greater certainly, the Related Security only includes the Seller’s right, title and interest in the lease and related leased property to the extent and in as much as they relate to or otherwise support or secure payment of the Quebec Receivable. |
3
AMOUNT | ||||||||
(CDN $) & | ||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||
4. | Assignment of rights # 11-0008742-0001 Date: January 7th, 2011 at 10:03 a.m. Expire: n/a | Assignor Xerox Canada Ltd. Assignee BNP Paribas (Canada) | n/a | “Related Security” means, with respect to any Quebec Receivable: (a) All security interests, hypothecs, title retention and lease, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliates, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; For greater certainly, the Related Security only includes the Seller’s right, title and interest in the lease and related leased property to the extent and in as much as they relate to or otherwise support or secure payment of the Quebec Receivable. | ||||
5. | Assignment of rights # 10-0756114-0001 Date: October 28th, 2010 at 9:00 a.m. Expire: n/a | Assignor Xerox Canada Ltd. Assignee BNP Paribas (Canada) | n/a | “Related Security” means, with respect to any Quebec Receivable: (a) All security interests, hypothecs, title retention and lease, and all property subject to any security interest, hypothec, title retention or lease, received from or arranged by the Debtor or any of its Affiliates, from time to time purporting to secure payment of such Receivable, including any deposit or prepayment made by any Debtor with respect to such Receivable; For greater certainly, the Related Security only includes the Seller’s right, title and interest in the lease and related leased property to the extent and in as much as they relate to or otherwise support or secure payment of the Quebec Receivable. |
4
AMOUNT | ||||||||
(CDN $) & | ||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||
6. | Rights resulting from a lease and assignment thereof # 10-0363018-0009 Date: June 4th, 2010 at 2:37 p.m. Expiry: June 3rd, 2015 | Lessor: Arbour Automobile Ltee Assignee: VW Credit Canada Inc. Lessees: Warnaco of Canada Company Authentic Fitness of Canada Calvin Klein Calvin Klein Jeans Chaps, a division of Warnaco of Canada Company Chaps, division de Compagnie Warnaco du Canada Condition Physique Authentique du Canada Warnaco du Canada | n/a | Volkswagen Passat 2010 S/N: WVWDL9AN2AE522771 | ||||
7. | Rights resulting from a lease and assignment thereof # 09-0801707-0004 Date: December 30th, 2009 at 12:11 p.m. Expiry: December 18th, 2014 | Lessor: 1850-9315 Quebec Inc. Assignee: Toyota Credit Canada Inc. Lessee: Warnaco of Canada Company | n/a | Toyota Sienna 2010 S/N: 5TDKK4CC1AS341812 |
5
AMOUNT | ||||||||
(CDN $) & | ||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||
8. | Rights resulting from a lease # 09-0636309-0006 Date: October 13th, 2009 at 2:53 p.m. Expiry: October 12th, 2013 | Lessor: Relational funding Canada Corp. Lessee: Warnaco of Canada Company | n/a | All equipment pursuant to equipment schedule no. 002 and all amendments thereto under master lease agreement dated April 21st, 2009 and all amounts owing thereunder. | ||||
9. | Conventional hypothec without delivery # 08-0498414-0002 Date: August 27th, 2008 at 9:03 a.m. Expiry: August 27th, 2018 | Holder: Bank of America, N.A. Grantor: Warnaco of Canada Company | $50 000.00 25% per annum | The universality of all of the Grantor’s movable property, present and future, corporeal and incorporeal, of whatever nature and kind and wheresoever situated, including, without limitation, all tools and equipment pertaining to the enterprises of the Grantor, all claims and customer accounts, all securities (including, without limitation, those described in Schedule “B” hereto), all patents, trademarks and other intellectual property rights (including, without limitation, those described in Schedule “A” hereto) and all corporeal movables included in the assets of any of the Grantor’s enterprises kept for sale, lease or processing in the manufacture or transformation of property intended for sale, for lease or for use in providing a service. -Schedule A — Intellectual Property — None -Schedule B — Securities: -2000 Class A shares of 4278941 Canada Inc. represented by share certificate CA-1; -225 Series B Subserie II shares of Linda Vista de Veracruz S.A. de C.V. |
6
AMOUNT | ||||||||||
(CDN $) & | ||||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||||
10. | Rights resulting from a lease # 06-0194340-0017 Date: April 12, 2006 at 2:52 p.m. Expiry: April 5, 2012 | Lessor: Xerox Canada Ltd. Lessee: Warnaco of Canada Company Inc. (sic) | n/a | Equipment, other All present and future office equipment and software supplied or financed from time to time by the secured party (whether by lease, conditional sale or otherwise), whether or not manufactured by the secured party or any affiliate thereof. | ||||||
11. | Rights resulting from a lease # 06-0194340-0007 Date: April 12, 2006 at 2:52 p.m. Expiry: April 3, 2012 | Lessor: Xerox Canada Ltd. Lessee: Warnaco of Canada Company Inc. (sic) | n/a | Equipment, other All present and future office equipment and software supplied or financed from time to time by the secured party (whether by lease, conditional sale or otherwise), whether or not manufactured by the secured party or any affiliate thereof. | ||||||
12. | Change of name # 01-0301961-0003 Date: August 21, 2001 at 1:49 p.m. Expiry: n/a | Old name: Warnaco of Canada Limited Warnaco du Canada Limitée New name: Warnaco of Canada Company / Compagnie Warnaco du Canada Warnaco of Canada Company Compagnie Warnaco du Canada | n/a | This change of name affects a Rights of ownership of the Lessor under a leasing contractor credit-bail(RPMRR no: 00-0207115-0008) |
7
AMOUNT | ||||||||||
(CDN $) & | ||||||||||
NATURE OF RIGHTS & | INTEREST | COLLATERAL AFFECTED | ||||||||
REGISTRATION DETAILS | PARTIES | RATE | (SUMMARY ONLY) | |||||||
13. | Conventional hypothec without delivery # 08-0498414-0001 Date: August 27th, 2008 at 9:03 a.m. Expiry: August 27th, 2018 | Holder: Bank of America, N.A. Grantor: 4278941 Canada Inc. | $50 000.00 25% per annum | The universality of all of the Grantor’s movable property, present and future, corporeal and incorporeal, of whatever nature and kind and wheresoever situated, including, without limitation, all tools and equipment pertaining to the enterprises of the Grantor, all claims and customer accounts, all securities (including, without limitation, those described in Schedule “B” hereto), all patents, trademarks and other intellectual property rights (including, without limitation, those described in Schedule “A” hereto) and all corporeal movables included in the assets of any of the Grantor’s enterprises kept for sale, lease or processing in the manufacture or transformation of property intended for sale, for lease or for use in providing a service. -Schedule A — Intellectual Property — None -Schedule B — Securities: -196,000 common shares and 4,000 preferred shares of W.B.R. Industria e Comercio de Vestuario S.A. |
8
Party Searched: | Warnaco of Canada Company | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | November 6, 2011 |
INITIAL | AMENDMENT | REG’N | COLLATERAL | |||||||||||||||||||||||||
SECURED PARTY | REFERENCE | REGISTRATION | REGISTRATION | PERIOD | CLASSIFICATIONS | GENERAL COLLATERAL | ||||||||||||||||||||||
DEBTOR NAME | NAME | FILE NO. | NO. | NO. | (in years) | CG | I | E | A | O | MV | DESCRIPTION | ||||||||||||||||
WARNACO OF CANADA COMPANY | RELATIONAL FUNDING CANADA CORP. | 653402979 | 20090513 1017 1862 6871 | 4 | X | X | ALL EQUIPMENT PURSUANT TO EQUIPMENT SCHEDULE NO. 001 THERETO UNDER MASTER LEASE AGREEMENT DATED APRIL 21, 2009 AND ALL AMOUNTS OWING THEREUNDER. | |||||||||||||||||||||
WARNACO OF CANADA COMPANY | RELATIONAL FUNDING CANADA CORP. | 652881303 | 20090422 0944 1862 5407 | 10 | X | X | ALL PRESENT AND FUTURE GOODS, INCLUDING BUT NOT LIMITED TO VARIOUS COMPUTER EQUIPMENT, PERSONAL COMPUTERS, LAPTOPS, PERIPHERALS AND SOFTWARE, AND ANY REPLACEMENT, SUBSTITUTION, ADDITION, ATTACHMENT, MODIFICATION, UPDATE, REVISION, ENHANCEMENT, ACCESSORY, INSURANCE PROCEEDS AND THE CASH PROCEEDS OF ANY GOODS, WHEREVER LOCATED, LEASED BY RELATIONAL FUNDING CANADA CORP. (“LESSOR”) TO WARNACO OF CANADA COMPANY (“LESSEE”) PURSUANT TO THE MASTER EQUIPMENT LEASE AGREEMENT |
INITIAL | AMENDMENT | REG’N | COLLATERAL | |||||||||||||||||||||||||
SECURED PARTY | REFERENCE | REGISTRATION | REGISTRATION | PERIOD | CLASSIFICATIONS | GENERAL COLLATERAL | ||||||||||||||||||||||
DEBTOR NAME | NAME | FILE NO. | NO. | NO. | (in years) | CG | I | E | A | O | MV | DESCRIPTION | ||||||||||||||||
DATED APRIL 21, 2009 BETWEEN LESSOR AND DEBTOR/LESSEE. THIS PPSA FILING IS INTENDED TO BE FOR INFORMATIONAL AND PRECAUTIONARY PURPOSES ONLY AND TO GIVE NOTICE OF LESSOR’S OWNERSHIP OF THE GOODS AND THE EXISTENCE OF A TRUE LEASE. IF ANY TRANSACTION ENTERED INTO UNDER THE MASTER EQUIPMENT LEASE AGREEMENT IS DEEMED TO BE OTHER THAN A TRUE LEASE, THEN IT IS THE INTENTION OF THE PARTIES THAT LESSOR HAS A PROPERLY PERFECTED SECURITY INTEREST UNDER THE PPSA IN THE GOODS SUBJECT TO THE MASTER LEASE, OR ANY SCHEDULE ENTERED INTO PURSUANT THERETO, NOW OR HEREAFTER. | ||||||||||||||||||||||||||||
WARNACO OF CANADA COMPANY | CBSC CAPITAL INC. | 650900133 | 20090107 1946 1531 4968 | 5 | X | X | ||||||||||||||||||||||
WARNACO OF CANADA COMPANY | BANK OF AMERICA, N.A., AS COLLATERAL AGENT | 647945739 | 20080822 1215 1862 7765 | 20111104 1045 1590 0642 | 7 | X | X | X | X | X | ||||||||||||||||||
WARNACO OF CANADA COMPANY | B-RENEWAL (3 YEARS) |
Party Searched: | Compagnie Warnaco du Canada | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Party Searched: | 3024368 Nova Scotia Company | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Party Searched: | Authentic Fitness of Canada Inc. | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Party Searched: | Condition Physique Authentique du Canada Inc. | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Party Searched: | 171173 Canada Inc. | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Party Searched: | 4278941 Canada Inc. | |
Jurisdiction Searched: | Province of Ontario | |
Office Searched: | Ministry of Government Services, Companies and Personal Property Security Branch | |
Statute Searched: | Personal Property Security Act(Ontario) | |
File Currency: | October 27, 2011 |
Search Results
• Compagnie Warnaco du Canada
• Warnaco of Canada Company / Compagnie Warnaco du Canada
• 3024368 Nova Scotia Company
• Authentic Fitness of Canada Inc.
• Condition Physique Authentique du Canada Inc.
• Authentic Fitness of Canada Inc. / Condition Physique Authentique du Canada Inc.
• 171173 Canada Inc.
• 4279841 Canada Inc.
(current to November 1, 2011)
Debtor: Warnaco of Canada Company
Secured Party: Bank of America, N.A., as collateral agent
Registration Date (and Term): 2008-08-22 (7 years)
Renewal: 2011-11-03 (extends the term until 2018-08-22)
Debtor: Warnaco of Canada Company
Secured Party: Relational Funding Canada Corp.
Registration Date (and Term): 2009-04-22 (10 years)
Debtor: Warnaco of Canada Company
Secured Party: Relational Funding Canada Corp.
Registration Date (and Term): 2009-05-13 (4 years)
Debtor: Warnaco of Canada Company
Secured Party: Relational Funding Canada Corp.
Registration Date (and Term): 2009-10-13 (4 years)
Debtor: Warnaco of Canada Company
Secured Party: VW Credit Canada Inc.
Registration Date (and Term): 2010-06-04 (5 years)
- 2 -
- 3 -
1. | Compagnie Warnaco du Canada |
2. | Warnaco of Canada Company |
3. | 3024368 Nova Scotia Company |
4. | Authentic Fitness of Canada Inc. |
5. | Condition Physique Authentique du Canada Inc. |
6. | 171173 Canada Inc (previous name of Condition Physique Authentique du Canada Inc. and Authentic Fitness of Canada Inc.) |
7. | 4278941 Canada Inc. |
Registration | Registration | Expiry | ||||||||
Secured Party | Debtor | Date | Number | Collateral | Date | |||||
Bank of America, N.A., As Collateral Agent Bank of America, N.A. | Warnaco of Canada Company | August 21, 2008 | 549380E | All present and after acquired personal property | August 21, 2015 |
1. | Compagnie Warnaco du Canada |
2. | 3024368 Nova Scotia Company |
3. | Authentic Fitness of Canada Inc. |
4. | Condition Physique Authentique du Canada Inc. |
5. | 171173 Canada Inc. |
6. | 4278941 Canada Inc. |
STYLE OF | Court File | Date Last | ||||||||
CAUSE | Court | Location | Number | Date File Opened | Updated | |||||
Authentic Fitness of Canada Inc. v. Lafferiere, Audrey | Provincial Small Claims | Robson Square Provincial Court | 200061325 | May 25, 2000 | December 1, 2000 |
- 1 -
1. | Compagnie Warnaco du Canada |
2. | Warnaco of Canada Company |
3. | 3024368 Nova Scotia Company |
4. | Condition Physique Authentique du Canada Inc. |
5. | 171173 Canada Inc. |
6. | 4278941 Canada Inc. |
1. | Warnaco of Canada Company |
2. | Authentic Fitness of Canada Inc. |
- 2 -
SEARCHES
1. | Alberta Corporate Registry on Warnaco of Canada Company, evidencing the active status of the Debtor; |
2. | Alberta Personal Property Registry on: |
(a) | Warnaco of Canada Company |
(b) | Compagnie Warnaco du Canada |
(c) | 3024368 Nova Scotia Company |
(d) | Authentic Fitness of Canada Inc. |
(e) | Condition Physique Authentique du Canada Inc. |
(f) | 171173 Canada Inc. |
(g) | 4279841 Canada Inc. |
We confirm there have been no registrations registered against the Debtor and all of the above-named corporations. |
3. | Court of Queen’s Bench searches on the Debtor and the corporations listed in Section 2 above, evidencing there are no actions against the Debtor as of October 28, 2011 with the exception of Action Nos. Q0301 14315 and Q9703 15056 involving Authentic Fitness of Canada Inc., as a guarantor of the Debtor’s indebtedness, which both actions have been resolved. |
4. | Bankruptcy Clerk search in the Province of Alberta, evidencing no records against the Debtor and the corporations listed in Section 2 above. |
EXISTING INVESTMENTS
Original | Commencement | Remaining | ||||||
Customer | Amount | Date | Balance | Status | ||||
*** | *** | Dec-03 | *** | In Collections |
Principal | ||||||||
Amount | Final | |||||||
Debtor | Creditor | Outstanding | Maturity Date | Status | ||||
Retail India Limited | Warnaco Singapore Private Ltd. | $6,000,000 | July 8, 2016 | Current |
Loan | Loan | USD | ||||||
Creditor | Debtor | Amount | Currency | Equivalent | ||||
Warnaco BV | Warnaco Deutschland GmbH | *** | EUR | *** | ||||
Warnaco Deutschland GmbH | Warnaco BV | *** | EUR | *** | ||||
Warnaco Switzerland GmbH | Warnaco BV | *** | CHF | *** | ||||
Warnaco Austria | Warnaco BV | *** | EUR | *** | ||||
Warnaco BV | Warner’s Aiglon | *** | EUR | *** | ||||
Warnaco Neth BV | Warnaco Deutschland GmbH | *** | EUR | *** | ||||
Mullion Int’l Limited | Warnaco BV | *** | USD | *** | ||||
WF Overseas Fashion CV | Warnaco BV | *** | USD | *** | ||||
Warnaco BV | Warnaco Poland | *** | EUR | *** | ||||
Warnaco BV | Warnaco Deutschland GmbH | *** | EUR | *** | ||||
Warnaco Asia Ltd | Warnaco Taiwan Co., Ltd | *** | USD | *** | ||||
WF Overseas Fashion | FA France SARL | *** | EUR | *** |
1 | As of October 1, 2011. |
2
Loan | Loan | USD | ||||||
Creditor | Debtor | Amount | Currency | Equivalent | ||||
WF Overseas Fashion | Warnaco Italy S.r.L. | *** | EUR | *** | ||||
WF Overseas Fashion | CKJ Australia Pty Limited | *** | EUR | *** | ||||
Mullion Int’l Limited | WF Overseas Fashion CV | *** | USD | *** | ||||
Warnaco BV | CK Jeanswear NZ | *** | USD | *** | ||||
Warnaco BV | CK Jeanswear Australia | *** | AUD | *** | ||||
Warnaco BV | CK Jeanswear Australia | *** | EUR | *** | ||||
Warnaco Neth BV | Warnaco BV | *** | EUR | *** | ||||
Warnaco Inc | Vista de Yucatan | *** | USD | *** | ||||
CKJ UK Limited | Warnaco (UK) Limited | *** | GBP | *** | ||||
Warnaco Asia Ltd | WF Overseas Fashion CV | *** | USD | *** | ||||
Warnaco Asia Ltd | WF Overseas Fashion CV | *** | USD | *** | ||||
Warnaco BV | Euro Retail S.r.L. | *** | EUR | *** | ||||
Warnaco BV | Euro Retail S.r.L. | *** | EUR | *** | ||||
CK Jeanswear Asia | Warnaco BV | *** | USD | *** | ||||
Euro Retail S.r.L. | Warnaco Italy | *** | EUR | *** | ||||
Warnaco BV | Warnaco Italy | *** | EUR | *** | ||||
Warnaco BV | CKJ Europe S.r.L. | *** | EUR | *** |
3