8-K 1 b61788t2e8vk.htm THE TALBOTS, INC. e8vk
 

 
 
UNITED STATES
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)
  July 27, 2006
THE TALBOTS, INC.
 
(Exact name of registrant as specified in its charter)
         
Delaware
  1-12552   41-1111318
 
(State or other jurisdiction of incorporation)
  (Commission
File Number) 		  (I.R.S. Employer Identification No.)
         
One Talbots Drive, Hingham, Massachusetts
    02043  
 
(Address of principal executive offices)
          (Zip Code)
     
Registrant’s telephone number, including area code
  (781) 749-7600
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):
     
o
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    
o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    
o
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    
o
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT
Section 1 — Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
Renewal of Banking Facilities
     On July 27, 2006, the Talbots, Inc. and The J. Jill Group, Inc. (collectively “Talbots”) and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) entered into a renewal of its banking facility dated July 20, 2006, which replaces The Talbots, Inc.’s existing facility dated February 2, 2006. The new facility increases the limit and includes The J. Jill Group, Inc. as a borrower. The facility provides for the issuance of letters of credit for periods of up to six months, with a validity period of up to one year, to finance the import of general merchandise. The amount of the facility is $150,000,000. The prior agreement provided for the issuance of letters of credit for periods up to six months, with a validity period for up to one year, to finance the import of general merchandise, in the amount of $100,000,000. HSBC has an overriding right of suspension, withdrawal and repayment on demand, including the right to call for cash cover on demand for prospective and contingent liabilities. The facility is subject to review at any time and, in any event by December 31, 2006.
     The foregoing summary is subject in all respects to the actual terms of the facility, a copy of which is attached as Exhibit 99.1 to this Form 8-K.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
     (d) Exhibits.
  99.1   Letter Agreement concerning credit facilities between HSBC and Talbots dated July 20, 2006.

 

 

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.
 		  
Date July 31, 2006  By:   /s/ Carol Stone    
    Name:   Carol Stone   
    Title:   Vice President, Corporate Controller