Item 1.01 Entry Into a Material Definitive Agreement.

On April 4, 2023, PLBY Group, Inc. (the "Company") entered into Amendment No. 5 to the Credit and Guaranty Agreement (the "Fifth Amendment"), dated as of May 25, 2021 (as previously amended on August 11, 2021, August 8, 2022, December 6, 2022 and February 17, 2023, the "Existing Credit Agreement", and as further amended by the Fifth Amendment), by and among the Company, Playboy Enterprises, Inc., the subsidiary guarantors party thereto, the lenders party thereto, and Acquiom Agency Services LLC, as the administrative agent and the collateral agent, to amend the terms of the Existing Credit Agreement to permit, among other things, the sale (the "Yandy Sale") of the Company's wholly-owned subsidiary, Yandy Enterprises, LLC ("Yandy"), and that the proceeds of such sale not be required to prepay the loans under the Existing Credit Agreement; provided that at least 30% of the consideration for the Yandy Sale is paid in cash.

The other terms of the Existing Credit Agreement remain substantially unchanged from the prior amendments of the Existing Credit Agreement. The foregoing description of the Fifth Amendment and the transactions contemplated thereby does not purport to be complete and is subject to and qualified in its entirety by reference to the Fifth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K is incorporated by reference herein.

Item 8.01 Other Events.

On April 4, 2023, the Company completed the sale of all of the membership interests of its wholly-owned subsidiary, Yandy Enterprises, LLC, to an unaffiliated, private, third-party buyer ("Buyer"). The consideration paid by Buyer for the Yandy Sale consisted of $1 million in cash and a $2 million secured promissory note, which accrues interest at 8% per annum, is payable over three years and is secured by substantially all the assets of Yandy and the Buyer's interests in Yandy.

On April 5, 2023, the Company issued a press release announcing the Yandy Sale. A copy of the press release related to the Yandy Sale is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d)   Exhibits


  Exhibit
    No.            Description

    10.1             Amendment No. 5 to Credit and Guaranty Agreement, dated as of April
                   4, 2023, by and among PLBY Group, Inc., Playboy Enterprises, Inc.,
                   each guarantor party thereto, the lenders party thereto, and Acquiom
                   Agency Services LLC, as the administrative agent and the collateral
                   agent.
    99.1             Press Release, dated April 5, 2023
    104            Cover Page Interactive Data File (embedded within the Inline XBRL
                   document)

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