UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 15, 2005
0-15898
(Commission File Number)
______________________________
CASUAL MALE RETAIL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-2623104
(State of Incorporation) (IRS Employer
Identification Number)
555 Turnpike Street, Canton, Massachusetts 02021
(Address of registrant's principal executive office)
(781) 828-9300
(Registrant's telephone number)
______________________________
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 1.01. Entry into a Definitive Material Agreement.
On December 15, 2005, Casual Male Retail Group, Inc. (the "Company")
amended its credit facility with Bank of America Retail Group, Inc. by executing
the Second Amendment to the Fourth Amended and Restated Loan and Security
Agreement (the "Amendment"), which amended the Fourth Amended and Restated Loan
and Security Agreement dated October 29, 2004, as previously amended by the
First Amendment to the Fourth Amended and Restated Loan and Security Agreement
dated March 16, 2005 (as amended, the "Credit Facility").
The Amendment amended the Credit Facility to (i) allow the Company to
assume the first mortgage on its Canton property (which is currently held
through wholly-owned subsidiaries) and to incur a second mortgage on the
property in a principal amount not to exceed $15,000,000 with a maturity date of
not longer than one year, which may be repaid only from proceeds of a
refinancing or sale/leaseback of the property (which options are currently being
considered by the Company), (ii) permit the Company to prepay and/or retire
existing indebtedness for borrowed money up to a maximum amount of $30,000,000,
subject to certain conditions, and (iii) extend the current level of certain
inventory advance rates from December 15, 2005 to February 1, 2006, enabling the
Company to receive an increased level of availability under the Credit Facility
during that time period.
A copy of the Amendment is attached hereto as Exhibit 10.1.
ITEM 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
----------- ------------
10.1 Second Amendment to the Fourth Amended and Restated Loan
and Security Agreement dated December 15, 2005, by and
among Bank of America Retail Group, Inc. and the Company
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, thereunto duly authorized.
CASUAL MALE RETAIL GROUP, INC.
By: /s/ Dennis R. Hernreich
---------------------------
Name: Dennis R. Hernreich
Title: Executive Vice President
and Chief Financial Officer
Date: December 16, 2005