75,000,000 ABL CREDIT AGREEMENT dated as of September 19, 2013 among PIANISSIMO ACQUISITION CORP. (to be merged with and into STEINWAY MUSICAL INSTRUMENTS, INC.), as Parent Borrower, STEINWAY, INC, CONN-SELMER, INC., as Borrowers, PIANISSIMO HOLDINGS...Abl Credit Agreement • March 17th, 2023 • Steinway Musical Instruments Holdings, Inc. • Musical instruments • New York
ABL CREDIT AGREEMENT (this “Agreement”) dated as of September 19, 2013, by and among PIANISSIMO ACQUISITION CORP., a Delaware corporation (“AcquisitionCo” and initially the “Initial Borrower”), which upon consummation of the Closing Date Acquisition on the Closing Date will be merged with and into STEINWAY MUSICAL INSTRUMENTS, INC., a Delaware corporation (the “Company”, with the Company being the survivor of such merger and the “Parent Borrower” hereunder), STEINWAY, INC., a Delaware corporation (“Steinway”), CONN-SELMER, INC., a Delaware corporation (“Conn-Selmer” and, together with the Parent Borrower and Steinway, each a “Borrower” and, collectively and jointly and severally, the “Borrowers”), PIANISSIMO HOLDINGS CORP., a Delaware corporation (“Holdings”), the other Persons party hereto that are designated as “Loan Party”, each lender from time to time party hereto (collectively, the “Lenders” and individually each a “Lender”), BANK OF AMERICA, N.A., as Administrative Agent, L/C Is
Agreement relating to a Borrowing Base Facility between Steinway & Sons, New York, Hamburg Branch Rondenbarg 10 22525 Hamburg - hereinafter referred to as the “Borrower” and, together with the Co-Borrowers, the “Borrowers” - And Commerzbank...Borrowing Base Facility Agreement • March 17th, 2023 • Steinway Musical Instruments Holdings, Inc. • Musical instruments
The Borrowing Base Providers and the Bank enter into the following borrowing base facility agreement (hereinafter referred to as the “Agreement”). A Borrowing Base facility is a special type of working capital finance where the maximum amount available for drawdown is directly dependent on the periodically determined value of the current assets and — in this specific case — certain fixed assets serving as collateral, in particular inventory and trade receivables (the “Borrowing Base”).
FIRST AMENDMENT TO ABL CREDIT AGREEMENTAbl Credit Agreement • March 17th, 2023 • Steinway Musical Instruments Holdings, Inc. • Musical instruments • New York
FIRST AMENDMENT, dated as of October 31, 2017 (this “First Amendment”), to the Credit Agreement (as defined below), is entered into between Steinway Musical Instruments, Inc., a Delaware corporation (the “Parent Borrower”), Steinway, Inc., a Delaware corporation (“Steinway”), Conn-Selmer, Inc., a Delaware corporation (“Conn-Selmer” and, together with the Parent Borrower and Steinway, each a “Borrower” and, collectively and jointly and severally, the “Borrowers”), Pianissimo Holdings Corp., a Delaware corporation (“Holdings”), each Lender party hereto and the Administrative Agent (as defined below) and amends the ABL Credit Agreement dated as of September 19, 2013 (the “Credit Agreement”; the Credit Agreement as amended by this First Amendment and as further amended, restated, modified and supplemented from time to time, the “Amended Credit Agreement”), among the Borrowers, the other Persons party thereto that are designated as “Loan Party”, each Lender from time to time party thereto,
GUARANTY dated as of September 19, 2013 among PIANISSIMO HOLDINGS CORP., PIANISSIMO ACQUISITION CORP., STEINWAY MUSICAL INSTRUMENTS, INC. STEINWAY, INC, CONN-SELMER, INC. THE SUBSIDIARY GUARANTORS FROM TIME TO TIME PARTY HERETO and BANK OF AMERICA,...Guaranty • March 17th, 2023 • Steinway Musical Instruments Holdings, Inc. • Musical instruments • New York
GUARANTY dated as of September 19, 2013 (as amended, restated, amended and restated, modified or supplemented from time to time, this “Agreement”) among PIANISSIMO HOLDINGS CORP., PIANISSIMO ACQUISITION CORP., STEINWAY MUSICAL INSTRUMENTS, INC., STEINWAY, INC., CONN-SELMER, INC., the SUBSIDIARY GUARANTORS from time to time party hereto and BANK OF AMERICA, N.A., as Administrative Agent for the benefit of the Secured Parties referred to herein.
First addendum to the Agreement relating to a Borrowing Base FacilityBorrowing Base Facility Agreement • March 17th, 2023 • Steinway Musical Instruments Holdings, Inc. • Musical instruments
The Borrowing Base Providers and the Bank have entered into a borrowing base facility agreement (hereinafter referred to as the “Agreement”) as of March 20, 2020. The following addendum to the Agreement is hereby concluded:
