Michaels Stores, Inc. $375,000,000 4.750% Senior Secured Notes due 2027 PURCHASE AGREEMENTPurchase Agreement • September 22nd, 2020 • Michaels Companies, Inc. • Retail-hobby, toy & game shops • New York
Michaels Stores, Inc., a Delaware corporation (the “Issuer”), will issue and sell to the several parties named in Schedule I hereto (each an “Initial Purchaser” and, together, the “Initial Purchasers”) $375,000,000 aggregate principal amount of its 4.750% Senior Secured Notes due 2027 (the “Securities”). The Securities will be issued by the Issuer pursuant to an indenture, to be dated as of October 1, 2020 (the “Indenture”), among the Issuer, Michaels Funding, Inc. (“Holdings”), the other Guarantors (as defined herein), U.S. Bank National Association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”). The Securities will be guaranteed (the “Guarantees”) on a senior secured basis by Holdings and each of the guarantors listed on Annex A-1 hereto (together, the “Guarantors”). Certain other terms used herein are defined in Section 17 hereof.
