SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2006
| 38 Corporate Circle, Albany, New York | ||
| (Address of principal executive offices) | ||
Registrant's telephone number, including area code: (518) 452-1242
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Second Amendment to Credit Agreement
On October 20, 2006, Trans World Entertainment Corporation (the “Company”) and Bank of America N.A., entered into a Second Amendment (the “Amendment”) to the Company’s existing revolving Credit Facility dated January 5, 2006. The Amendment increases the maximum amount available to the Company for borrowing to $150 million from $130 million, under the same terms and conditions.
The foregoing description of the material terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS
(c)EXHIBITS. The following are furnished as Exhibits to this Report:
| Description | ||
| Second Amendment to Credit Agreement between Trans World Entertainment Corporation and Bank of America N.A. dated October 20, 2006. | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: October 23, 2006 | ||
Chief Financial Officer and Secretary |
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