EX-99.1
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
Member FDIC
[BANK OF TOKYO-MITSUBISHI LOGO] 0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000-1104
Phone: 000-000-0000
January 26, 2005
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 Trust Company (f/n/a The Bank of Tokyo Trust Company, the
"Bank"), and (b) the Company's letter to the Bank dated as of December 17,
2004, 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 28,
2006 and ending on January 26, 2007, provided that no "Event of Default" shall
have occurred or be continuing under Section 11 of the Agreement on January 28,
2006.
Very truly yours,
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By /s/ Xxxxxx Xxxxxxxxx
-------------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: SVP & Department Manager
