Item 1.01 Entry into a Actual Definitive Agreement
On September 20, 2018, Deckers Outdoor Corporation (the “Company”), Deckers Europe Limited, Deckers UK Ltd., Deckers Benelux B.V., Deckers Outdoor Canada ULC and Deckers Outdoor International Limited entered into a Acclaim Acceding (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (“JPMorgan”) as Authoritative Agent, Citibank, N.A., Comerica Coffer (“Comerica”) and HSBC Coffer USA, National Association, as Co-Syndication Agents, MUFG Bank, Ltd. and U.S. Coffer National Association, as Co-Documentation Agents, and the lenders affair thereto, with JP Morgan and Comerica acting as Collective Lead Arrangers and Collective Bookrunners. The Acclaim Acceding will refinance in abounding the Company’s Second Adapted and Restated Acclaim Acceding anachronous as of November 13, 2014, as amended, for which JPMorgan was the authoritative abettor (the “Prior Acclaim Agreement”) and the Prior Acclaim Acceding will be terminated.
The Acclaim Acceding provides for an apart revolving acclaim ability with commitments of $400 actor and a sublimit for the arising of belletrist of acclaim of $25 million. In accession to acceptance borrowings in US dollars, the Acclaim Acceding provides a $175 actor sublimit for borrowings in Euros, Sterling, Canadian dollars and any added adopted bill that is after accustomed by JPMorgan, ceremony lender and ceremony coffer arising belletrist of credit. Accountable to accepted altitude and the approval of any lender whose charge
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