UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
February 1, 2008
Pacific Sunwear of California, Inc.
(Exact name of registrant as specified in its charter)
| | | | | |
| California | | 0-21296 | | 95-3759463 |
| | | | | |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
3450 East Miraloma Avenue, Anaheim, CA 92806-2101
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
On February 1, 2008, Pacific Sunwear of California, Inc. (the “Company”) entered into Amendment No. 5 to its unsecured $200 million Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and a syndicate of other lenders. The amendment reduces the “Minimum Fixed Charge Coverage Ratio,” as defined in the original Credit Agreement, required to be maintained by the Company as of the end of the fourth quarter of fiscal 2007 ended February 2, 2008. The amendment also reduces the Company’s available borrowing capacity during its first quarter of fiscal 2008 ending May 3, 2008. As of the date hereof, the Company has no direct borrowings outstanding under the Credit Agreement.
The full text of Amendment No. 5 to the Credit Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
| | | |
| Exhibit | | |
| Number | | Description |
| 10.1 | | Amendment No. 5 to Credit Agreement, dated as of February 1, 2008, with JPMorgan Chase Bank, N.A., as Administrative Agent, and a syndicate of other lenders |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | |
| | PACIFIC SUNWEAR OF CALIFORNIA, INC.
| |
| Date: February 5, 2008 | By: | /s/ MICHAEL L. HENRY | |
| | | Michael L. Henry | |
| | | Senior Vice President, Chief Financial
Officer and Secretary | |
EXHIBIT INDEX
| | | |
| Exhibit | | |
| Number | | Description |
| 10.1 | | Amendment No. 5 to Credit Agreement, dated as of February 1, 2008, with JPMorgan Chase Bank, N.A., as Administrative Agent, and a syndicate of other lenders |
