FORM 10-Q Exhibit 4.4(d) AMENDMENT NO. 3 TO CREDIT AGREEMENT AMENDMENT dated as of June 30, 1996 to the Amended and Restated Credit Agreement dated as of November 18, 1994 (as heretofore amended, the "Agreement") among Cone Mills Corporation, the banks listed on the signature pages thereof (the "Banks") and Morgan Guaranty Trust Company of New York, as Agent (the "Agent"). The parties hereto agree as follows with respect to the Agreement: SECTION 1. Definitions; References. Unless otherwise specifically defined herein, each term used herein which is defined in the Agreement shall have the meaning assigned to such term in the Agreement. Each reference to "hereof", "hereunder", "herein" and "hereby" and each other similar reference and each reference to "this Agreement" and each other similar reference contained in the Agreement shall from and after the date hereof refer to the Agreement as amended hereby. SECTION 2. Amendment of Section 5.11 of the Agreement. Section 5.11 of the Agreement is amended to read in full as follows: SECTION 5.11. Interest Coverage Ratio. As of the last day of (i) each fiscal quarter ended on June 30, 1996, September 29, 1996 and December 29, 1996, the ratio of EBIT to Consolidated Interest Expense for the period of four consecutive fiscal quarters then ended will not be less than 1.8:1 and (ii) each fiscal quarter ended either prior to June 30, 1996 or after December 29, 1996, the ratio of EBIT to Consolidated Interest Expense for the period of four consecutive fiscal quarters then ended will not be less than 2.3:1. SECTION 3. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. SECTION 4. Counterparts; Effectiveness. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Amendment shall become effective as of June 30, 1996 when the Agent shall have received duly executed counterparts hereof signed by the Borrower and the Required Banks. Page 46 FORM 10-Q Exhibit 4.4(d) (continued) IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. CONE MILLS CORPORATION By /s/David E. Bray Title: Treasurer MORGAN GUARANTY TRUST COMPANY OF NEW YORK By /s/Jeffrey Hwang Title: Vice President FIRST UNION NATIONAL BANK OF NORTH CAROLINA By /s/S. C. Patrick McCormick Title: Senior Vice President NATIONSBANK, N.A. By /s/E. Phifer Helms Title: Senior Vice President WACHOVIA BANK OF NORTH CAROLINA, N.A. By /s/W. Stanton Laight Title: Senior Vice President Page 47