SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) March 31, 1998
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Linens 'n Things, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-12381 22-3463939
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
6 Brighton Road, Clifton, New Jersey 07015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973)778-1300
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Inapplicable
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(Former name or former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS.
On March 31, 1998, Linens 'n Things, Inc. (the "Company") entered into
a Credit Agreement with The Bank of New York and BNY Capital Markets, Inc. (the
"Agreement"). The Agreement amends and restates in its entirety the Credit
Agreement, dated as of November 20, 1996 by and among the Company, each
subsidiary party thereto, the lenders party thereto and The Bank of New York.
The effects of the Agreement include, among other things, an extension
of the maturity date of the revolving credit facility for an additional sixteen
months and a reduction in the size of the credit facility from $125 million to
$90 million, with the option to increase the size to $125 million if certain
conditions are met.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
a) Not Applicable.
b) Not Applicable.
c) Exhibits.
10.12 Credit Agreement by and Among Linens 'n Things, Inc.,
the Subsidiary Borrowers Party Hereto, the Lenders
Party Hereto and The Bank of New York, as Agent, with
BNY Capital Markets, Inc., as Arranging Agent, dated
as of March 31, 1998 is filed as an exhibit to this
Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: May 11, 1998
Linens 'n Things, Inc.
(Registrant)
WILLIAM T. GILES
By: ___________________________
William T. Giles
Chief Financial Officer