Item 8.01. Other Events.



On June 1, 2022, Summer Infant, Inc. (the "Company") and Summer Infant (USA), Inc., as borrowers, and certain subsidiaries of the Company as guarantors, entered into a letter agreement with Bank of America, N.A. ("Bank of America") with respect to the Third Amended and Restated Loan and Security Agreement, dated as of October 15, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the "Loan Agreement"), among the Company and Summer Infant (USA), Inc., as borrowers, the guarantors from time to time party thereto, and Bank of America, as agent and lender, pursuant to which the parties agreed that, during the period from May 28, 2022 through July 2, 2022, the maximum percentage of accounts owing from the Amazon Companies that may be included in eligible accounts under the Loan Agreement shall be increased from 45% to 55%, and thereafter will be reduced back to 45%. A copy of the letter agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.






 (d) Exhibits.




Exhibit
Number     Description
  10.1       Letter Agreement, dated June 1, 2022, among Summer Infant, Inc. and
           Summer Infant (USA), Inc., as borrowers, the guarantors from time to
           time party thereto, and Bank of America, N.A., as agent and lender

104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document)

© Edgar Online, source Glimpses