Proposed Credit Facility Letter from Banque Worms to Inter Parfums (December 22, 1997)

Summary

Banque Worms sent this letter to Inter Parfums outlining a proposed banking arrangement. The bank offers a credit line of 10 million francs, available as an overdraft or spot loan at a specified interest rate, and a trade discount line of 5 million francs at another rate. The letter invites further discussion to finalize terms during the week of January 12, 1998, and expresses the bank’s willingness to support Inter Parfums’ business needs.

EX-10.84.1 18 c20397_ex10-841.txt CORRESPONDENCE Exhibit 10.84.1 [logo] BANQUE WORMS RIGHT BANK BRANCH 370, RUE SAINT-HONORE - B.P. 602 - 75027 PARIS CEDEX 01 TEL: 01 49 07 66 00 - FAX: 01 49 07 66 60 - TELEX: 216 019 F / 214 122 F Paris, December 22, 1997 INTER PARFUMS 4, Rond-Point des Champs Elysees 75008 PARIS Attention: Mr. Santi --------------------------- Gentlemen: During the course of our meeting on the 18th of this month, you explained to us, with Mr. Benacin, your expectations regarding bank support. We understand that you are looking for a line of 10 MF available in overdraft or spot at T4M/PIBOR + 0.625% and a trade discount line of 5 MF at PIBOR + 0.60%. As agreed, and before establishing terms and conditions with you, I propose that we speak again sometime during the week of January 12, so that we may know if our proposal is completely agreeable to you. We would like to be able to assist you in the success of your project, as we respect the values that motivate your group: openness, adaptability and pragmatism. Please do not hesitate to contact us should you have any questions. Very truly yours, /s/ L. Pages /s/ T. Clamon ------------ ------------- [illegible letterhead]