Exhibit 10.2
(BANK OF TOKYO-MITSUBISHI UFJ LOGO) BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY
Member FDIC
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000-0000
Tel: 000-000-0000
January 24, 2007
Talbots, Inc.
000 Xxxx Xxxxxx
Xxxxxxx, XX 00000
Attention: Xx. Xxxxxx X. Xxxxxx
Re: Notice of Intention to Extend Revolving Credit Period
Dear Sir:
We refer to (a) that certain Revolving Credit Agreement dated as of January
25, 1994 (as amended, supplemented, or otherwise modified from time to time, the
"Agreement"), between TALBOTS, INC. (the "Company") and Bank of Tokyo-Mitsubishi
UFJ Trust Company (f/k/a Bank of Tokyo-Mitsubishi Trust Company, which in turn
was the successor to The Bank of Tokyo Trust Company, the "Bank"), and (b) the
Company's letter to the Bank dated as of December 15, 2006, pursuant to which
the Company requested that the Bank extend the "Revolving Credit Period" of the
Revolving Credit Facility under Section 14(j)(i) of the Agreement. Unless
otherwise indicated, all capitalized terms used herein shall have the meaning
ascribed to such terms in the Agreement.
The Bank hereby notifies you that it will extend the Revolving Credit
Period of the Revolving Credit Facility for a new term beginning on January 25,
2008 and ending on January 25, 2009, provided that no "Event of Default" shall
have occurred or be continuing under Section 11 of the Agreement on January 25,
2008.
Very truly yours,
BANK OF TOKYO-MITSUBISHI UFJ TRUST
COMPANY
By /s/ Yasuo Kitani
-------------------------------------
Name: Yasuo Kitani
Title: Senior Vice President & Manager
