Inactive Instrument

Sequential Brands Group, Inc.

Equities

SQBG

US81734P2065

SEQUENTIAL BRANDS GROUP, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

November 03, 2021 at 06:09 am EDT

Item 1.01. Entry into a Material Definitive Agreement.

On October 28, 2021, Sequential Brands Group, Inc. (the "Company") entered into the Second Amended and Restated Asset Purchase Agreement (the "Second A&R APA") for the Joe's Jeans brand with Centric Brands LLC ("Centric") and into an agreement to sell the William Rast brand (the "William Rast Agreement") to JJWHP, LLC. Centric assigned all of its rights and obligations under the Second A&R APA to JJWHP, LLC. The Second A&R APA combined with the William Rast Agreement provides for the payment of a purchase price of an amount up to $48.5 million in cash and the assumption of certain liabilities.

The Second A&R APA supersedes the amended and restated asset purchase agreement dated September 23, 2021. The William Rast Agreement supersedes the asset purchase agreement dated October 19, 2021. Each of the Second A&R APA and the William Rast Agreement contains representations, warranties and covenants from the Company that are customary for transactions of this type and contain customary closing conditions, including approval from the U.S. bankruptcy court.

The foregoing description of such agreements does not purport to be complete and is qualified in its entirety by reference to the full texts of each agreement, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
Number   Description

  10.1     Second Amended and Restated Asset Purchase Agreement by and among
         Centric Brands LLC and Joe's Holdings LLC.
  10.2     Asset Purchase Agreement by and between JJWHP, LLC and William Rast
         Licensing, LLC.

Latest news about Sequential Brands Group, Inc.

Sequential Brands Group, Inc. Went Out of Business	22-03-02	CI
First Amended Joint Liquidation Plan Approved for Sequential Brands Group, Inc.	22-02-22	CI
First Amended Disclosure Statement Approved for Sequential Brands Group, Inc.	22-01-07	CI
First Motion for Exclusivity Period Extension Approved For Sequential Brands Group, Inc.	22-01-05	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	22-01-03	CI
First Motion for Exclusivity Period Extension Filed by Sequential Brands Group, Inc.	21-12-20	CI
Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	21-12-07	CI
Galaxy Universal LLC completed the acquisition of And1, Avia, Gaiam, SPRI and Swisstech brands of Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	21-11-11	CI
With You, Inc. completed the acquisition of 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	21-11-11	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Sequential Brands Group, Inc. Announces Board Changes, Effective November 15, 2021	21-11-01	CI
KKR to Lead Debt Financing, Participate As Co-investor in Galaxy Universal's $330 Million Acquisition of Sequential Brands	21-10-29	MT
Sequential Brands Group, Inc. Announces Executive Changes	21-10-08	CI
With You, Inc. entered into a membership interest purchase agreement to acquire 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $65 million	21-10-07	CI
GMA Accessories Inc. acquired Ellen Tracy Inc. and Caribbean Joe Island Supply Co. from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $20 million.	21-09-30	CI
Consumer Cos Down On Mixed Spending Views -- Consumer Roundup	21-09-24	DJ
Bidding Procedure Approved for Sequential Brands Group, Inc.	21-09-24	CI
Final DIP Financing Approved for Sequential Brands Group, Inc.	21-09-21	CI
Sequential Brands Group, Inc.(OTCPK:SQBG.Q) dropped from NASDAQ Composite Index	21-09-08	CI
Consumer Cos Tick Down Amid Jobs Nervousness -- Consumer Roundup	21-09-02	DJ
Interim DIP Financing Approved for Sequential Brands Group, Inc.	21-09-02	CI
Sequential Brands Group, Inc.(NasdaqCM:SQBG) dropped from S&P TMI Index	21-09-02	CI

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Company Profile

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company's portfolio of consumer brands includes Jessica Simpson, Jessica Simpson, AND1, Avia, Joe's and GAIAM. The Company's brands are licensed for a range of product categories, including retailers, wholesalers and distributors in the United States and in certain international territories. The Company licenses brands to both wholesale and direct-to-retail licensees. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls? clothing and a home line. The Avia brand offers running and activewear products.

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