CREDIT AND GUARANTY AGREEMENT dated as of April 30, 2007 among HANDLEMAN COMPANY AND CERTAIN OF ITS SUBSIDIARIES, as Guarantors, HANDLEMAN ENTERTAINMENT RESOURCES L.L.C. and CERTAIN OTHER DOMESTIC SUBSIDIARIES OF HANDLEMAN COMPANY, as Borrowers,...Credit and Guaranty Agreement • May 1st, 2007 • Handleman Co /Mi/ • Wholesale-durable goods, nec • New York
This CREDIT AND GUARANTY AGREEMENT, dated as of April 30, 2007, is entered into by and among HANDLEMAN COMPANY, a Michigan corporation (“Holdings”), HANDLEMAN ENTERTAINMENT RESOURCES L.L.C., a Michigan limited liability company (“Company”), CERTAIN DOMESTIC SUBSIDIARIES OF HOLDINGS IDENTIFIED ON THE SIGNATURE PAGES HERETO AS “BORROWERS” (such Subsidiaries, together with the Company, are referred to individually as a “Borrower” and collectively, jointly and severally, as “Borrowers”), and CERTAIN SUBSIDIARIES OF HOLDINGS IDENTIFIED ON THE SIGNATURE PAGES HERETO AS “GUARANTORS”, as Guarantors (as hereinafter defined), the Lenders (as hereinafter defined) party hereto from time to time, SILVER POINT FINANCE, LLC (“Silver Point”), as administrative agent for the Lenders (in such capacity, “Administrative Agent”), as collateral agent for the Lenders (in such capacity, “Collateral Agent”) and as co-lead arranger (in such capacity, a “Co-Lead Arranger”).
CREDIT AGREEMENT Dated as of April 30, 2007 among HANDLEMAN COMPANY, as Parent Guarantor, HANDLEMAN ENTERTAINMENT RESOURCES L.L.C. and CERTAIN OTHER DOMESTIC SUBSIDIARIES OF HANDLEMAN COMPANY, as Borrowers, HANDLEMAN COMPANY OF CANADA, LIMITED,...Credit Agreement • May 1st, 2007 • Handleman Co /Mi/ • Wholesale-durable goods, nec • New York
This CREDIT AGREEMENT (this “Agreement”), dated as of April 30, 2007 among HANDLEMAN COMPANY, a Michigan corporation (the “Holdings”), HANDLEMAN ENTERTAINMENT RESOURCES L.L.C., a Michigan limited liability company (“Handleman Entertainment”), the other Subsidiaries of Holdings identified on the signature pages hereto as “Borrowers” (such Subsidiaries, together with Handleman Entertainment, are sometimes collectively referred to herein as the “Borrowers” and individually as a “Borrower”); the other Credit Parties signatory hereto; GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its individual capacity, “GE Capital”), for itself, as Lender, and as Agent for Lenders, GE Capital Financial Inc., as an L/C Issuer (an “L/C Issuer”) and the other Lenders signatory hereto from time to time.
