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) April 14, 2000
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THE TALBOTS, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-12552 41-1111318
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
175 Beal Street, Hingham, Massachusetts 02043
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (781) 749-7600
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On April 14, 2000, The Norinchukin Bank approved an extension of its
Revolving Credit Agreement dated as of January 25, 1994, First Amendment dated
as of November 21, 1995, Second Amendment dated as of April 18, 1996, Third
Amendment dated as of April 17, 1998 and Fourth Amendment dated as of April 16,
1999, between The Talbots, Inc. ("Talbots") and The Norinchukin Bank.
On April 17, 2000, The Bank of Tokyo-Mitsubishi Trust Company approved
and accepted an extension of its Credit Agreement dated as of April 17, 1998,
and First Amendment to Credit Agreement dated April 17, 1999, between Talbots
and The Bank of Tokyo-Mitsubishi Limited.
On April 19, 2000, The Dai-Ichi Kangyo Bank, Limited approved an
extension of its Revolving Credit Agreement dated as of April 14, 1998, between
Talbots and The Dai-Ichi Kangyo Bank, Limited.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 99.1 Acceptance of Extension dated April 14, 2000
from The Norinchukin Bank to Talbots.
Exhibit 99.2 Acceptance of Extension dated April 17, 2000
from The Bank of Tokyo-Mitsubishi Trust Company to
Talbots.
Exhibit 99.3 Confirmation of Extension dated April 19, 2000
from The Dai-Ichi Kangyo Bank, Limited to Talbots.
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SIGNATURE
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.
THE TALBOTS, INC.
CAROL GORDON STONE
Dated: May 18, 2000 By: ____________________________________
Carol Gordon Stone
Vice President, Corporate Controller
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EXHIBIT INDEX
Exhibit 99.1 Acceptance of Extension dated April 14, 2000
from The Norinchukin Bank to Talbots.
Exhibit 99.2 Acceptance of Extension dated April 17, 2000
from The Bank of Tokyo-Mitsubishi Trust Company to
Talbots.
Exhibit 99.3 Confirmation of Extension dated April 19, 2000
from The Dai-Ichi Kangyo Bank, Limited to Talbots.
[Letterhead of The Norinchukin Bank]
Acceptance Of Extension
April 14, 2000
To: The Talbots, Inc.
Re: Revolving Credit Agreement dated as of January 25, 1994; First
Amendment, dated as of November 21, 1995; Second Amendment,
dated as of April 18, 1996; Third Amendment, dated as of April
17, 1998; and Fourth Amendment Agreement, dated as of April
16, 1999, between The Talbots, Inc. as borrower, and The
Norichukin Bank (the "Agreement")
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Dear Sirs:
Pursuant to Section 14 (j)(ii) of the Agreement, we hereby irrevocably accept
your one year extension of the Revolving Credit Period (as defined in the
Agreement) so that the Revolving Credit Period would expire on April 17, 2002.
Very truly yours,
The Norinchukin Bank,
New York Branch
YOSHIRO NIIRO
By:________________________
Yoshiro Niiro
General Manager
[Letterhead of The Bank of Tokyo-Mitsubishi, Ltd.]
April 17, 2000
To: Mr. Edward L. Larsen
Senior Vice President, Finance
The Talbots, Inc.
ACCEPTANCE OF EXTENSION
RE: Credit Agreement dated as of April 17, 1998, and First Amendment to
Credit Agreement dated April 17, 1999, between The Talbots, Inc. as
borrower, and The Bank of Tokyo-Mitsubishi Ltd., New York Branch (the
"Agreement")
Dear Sir:
Pursuant to Section 1(h) of the Agreement, we hereby accept your
request for one-year extension of the Credit Facility Termination Date (as
defined in the Agreement) so that the Credit Facility Termination Date would
expire on April 17, 2002.
Very truly yours,
The Bank of Tokyo-Mitsubishi Ltd., New York Branch
TAKAHARU SAEGUSA
By:----------------------------
Takaharu Saegusa
Deputy General Manager
cc: Mr. N. Kaida/Jusco (U.S.A.), Inc.
[Letterhead of The Dai-Ichi Kangyo Bank, Ltd.]
CONFIRMATION OF EXTENSION
April 19, 2000
THE TALBOTS, INC.
175 Beal Street
Hingham, MA 02043
Re: Revolving Credit Agreement made as of April 14, 1998, between
The Talbots, Inc. as borrower, and The Dai-Ichi Kangyo Bank,
Limited (the "Agreement")
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Dear Sirs:
We are pleased to confirm with you the one year extension of the Revolving
Credit according to Section 14(j)(i) of the Agreement. The new expiry dated
April 17, 2002.
Very truly yours,
THE DAI-ICHI KANGYO BANK, LTD.
NEW YORK BRANCH
TAKASHI HORIE
By:-----------------------------------
Takashi Horie
Senior Vice President
& Department Head
cc: Mr. Natsuki Kaida
Jusco (U.S.A.), Inc.
