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)September 29,
1995
ANNTAYLOR STORES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-10738 13-3499319
(State of other jurisdiction of (Commission
(I.R.S. Employer Identification Number)
incorporation) File Number)
142 West 57th Street, New York, NY 10019
(Address of principal executive offices) (Zip Code)
(212) 541-3300
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On September 29, 1995, AnnTaylor, Inc. ("Ann Taylor"), a
wholly owned subsidiary of AnnTaylor Stores Corporation (the
"Company"), entered into an amended and restated credit agreement
to replace its existing bank credit agreement. The amended and
restated credit agreement provides, among other things, for an
additional $25 million of financing pursuant to a term loan,
thereby increasing the amounts available to Ann Taylor under the
credit agreement from $125 million to $150 million. The amended
and restated credit agreement contains financial and other
covenants, including limitations on indebtedness, liens and
investments, restrictions on dividends or other distributions to
stockholders, and maintaining certain financial ratios and
specified levels of net worth, some of which provisions were
amended by the new agreement. The amended and restated credit
agreement also provides for, among other things, a revised interest
rate and the addition of a limitation on capital expenditures.
Ann Taylor's payment obligations under the agreement are guaranteed
by the Company. The amended and restated bank credit agreement and
related agreements are incorporated by reference to the Current
Report on Form 8-K of Ann Taylor filed on October 17, 1995. The
foregoing summary of the amended and restated bank credit agreement
and related agreements is qualified in its entirety by reference to
such agreements.
ITEM 7. Financial Statements and Exhibits
The exhibits listed in the following exhibit index are filed as
part of this Report.
Exhibit No.
10.1 Amended and Restated Credit Agreement, dated as of
September 29, 1995, among Ann Taylor, Bank of America
National Trust and Savings Association ("Bank of America"),
Fleet Bank, National Association, as Co-Agents, the
financial institutions from time to time party thereto, BA
Securities, Inc., as Arranger, and Bank of America, as
Agent. Incorporated by reference to Exhibit 10.1 to the
Current Report on Form 8-K of Ann Taylor filed on October
17, 1995.
10.2 Amended and Restated Security and Pledge Agreement,
dated as of September 29, 1995, made by Ann Taylor in favor
of Bank of America, as Agent. Incorporated by reference to
Exhibit 10.2 to the Current Report on Form 8-K of Ann Taylor
filed on October 17, 1995.
10.3 Trademark Security Agreement, dated as of September 29,
1995, made by Ann Taylor in favor of Bank of America, as
Agent. Incorporated by reference to Exhibit 10.3 to the
Current Report on Form 8-K of Ann Taylor filed on October
17, 1995.
10.4 Amended and Restated Guaranty, dated as of September
29, 1995, made by the Company in favor of Bank of America,
as Agent. Incorporated by reference to Exhibit 10.4 to the
Current Report on Form 8-K of Ann Taylor filed on October
17, 1995.
10.5 Amended and Restated Security and Pledge Agreement,
dated as of September 29, 1995, made by the Company in favor
of Bank of America, as Agent. Incorporated by reference to
Exhibit 10.5 to the Current Report on Form 8-K of Ann Taylor
filed on October 17, 1995.
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.
AnnTaylor Stores Corporation
Date: October 17, 1995
By: /s/ Walter J. Parks
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Walter J. Parks
Senior Vice President - Finance