Notice of Extension of Facility Commitment Termination Date under Loan Facility Agreement – Aaron’s, LLC and Truist Bank

Summary

Aaron’s, LLC has formally requested an extension of the termination date for its loan facility with Truist Bank and other participants. The notice, dated February 10, 2023, seeks to move the current facility commitment termination date from March 31, 2023, to March 30, 2024, in accordance with the terms of their existing Loan Facility Agreement. This extension is made under the procedures outlined in the agreement and requires approval from the participants.

EX-10.12 2 exhibit1012-4q2022.htm EX-10.12 4Q2022 Document

Exhibit 10.12

NOTICE OF EXTENSION

OF FACILITY COMMITMENT

TERMINATION DATE

Aaron’s Program Manager
Truist Bank
Program Lending
303 Peachtree Street, N.E., 25th Floor
Atlanta, Georgia 30308

Truist Bank
Agency Services
303 Peachtree Street, N.E., 25th Floor
Atlanta, Georgia 30308
Attention: Agency Services
Telecopy Number: (404) 495-2170

February 10, 2023

Ladies and Gentlemen,

Reference is made to the Loan Facility Agreement and Guaranty dated as of April 1, 2022 (as amended and in effect on the date hereof, the “Loan Facility Agreement”), among Aaron’s, LLC, a Georgia limited liability company (“Sponsor”), Holdings, the Participants from time to time party thereto and Truist Bank (“Servicer”). Terms defined in the Loan Facility Agreement are used herein with the same meanings.

This notice constitutes a notice of extension of the Facility Commitment Termination Date in accordance with the terms of Section 2.8 of the Loan Facility Agreement, and the Sponsor hereby requests, in accordance with the terms of Section 2.8 of the Loan Facility Agreement, that the Participants extend the current Facility Commitment Termination Date of March 31, 2023 for an additional 364-day period to March 30, 2024.

Very truly yours,

AARON’S, LLC

Name:

Title:

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