Item 1.01. Entry into a Material Definitive Agreement





On December 17, 2019, YETI Holdings, Inc. (the "Company"), certain subsidiaries
of the Company, the lenders party thereto and Bank of America, N.A., in its
capacity as administrative agent (the "Administrative Agent"), entered into the
Second Amendment to Credit Agreement and Amendment to Collateral Agreement (the
"Credit Agreement Amendment"), which amends that certain Credit Agreement by and
among the Company, the lenders party thereto and the Administrative Agent, dated
as of May 19, 2016 (as amended by that certain First Amendment to Credit
Agreement, dated as of July 15, 2017 (the "Existing Credit Agreement") and as
further amended by the Credit Agreement Amendment, the "Credit Agreement").

The Credit Agreement Amendment amended the Existing Credit Agreement to, among other matters:

† increase the principal amount of Term Loan A from approximately $298 million to $300 million;

† increase the commitments under the revolving credit facility from $100 million to $150 million;

† extend the maturity date of both Term Loan A and the revolving credit facility from May 19, 2021 to December 17, 2024;

† revise the leverage ratios and reduce the interest rates spreads and commitment fee payable on the average daily unused amount of the revolving commitment, as follows:





              Existing Credit Agreement                                Amended Credit Agreement
Total Net                             Commitment Fee         Total Net                         Commitment Fee
Leverage Ratio:       LIBOR Spread         Rate           Leverage Ratio:      LIBOR Spread         Rate
                                                         Category 1:
                                                         > 2.50 to 1.00               2.75  %           0.375  %
Category 1:                                              Category 2:
> 2.00 to 1.00                                           < 2.50 to 1.00 but
                             4.00  %           0.400  %  > 1.75 to 1.00               2.50  %           0.300  %
Category 2:                                              Category 3:
< 2.00 to 1.00 but                                       < 1.75 to 1.00 but
> 1.25 to 1.00               3.75  %           0.325  %  > 1.25 to 1.00               2.25  %           0.250  %
Category 3:                                              Category 4:
< 1.25 to 1.00                                           < 1.25 to 1.00 but
                             3.50  %           0.250  %  > 0.75 to 1.00               2.00  %           0.200  %
                                                         Category 5:
                                                         < 0.75 to 1.00               1.75  %           0.175  %




†          revise the scheduled quarterly principal payments of Term Loan A to
1.25% of the remaining aggregate principal amount of Term Loan A for the first
year, and 1.875% for the second year and thereafter until the maturity date. The
scheduled quarterly principal payments shall begin on March 31, 2020 and shall
be due each June 30, September 30,  December 31, and March 31 thereafter until
the maturity date. Previously, the quarterly principal payments were 2.5% of the
original aggregate principal amount of Term Loan A until the maturity date.



Certain of the lenders, as well as certain of their respective affiliates, have
performed and may in the future perform for the Company and its subsidiaries
various commercial banking, investment banking, lending, underwriting, trust
services, financial advisory and other financial services, for which they have
received and may in the future receive customary fees and expenses.

The above disclosure contained in this Item 1.01 does not purport to be a complete description of the Credit Agreement Amendment and is qualified in its entirety by reference to the Credit Agreement Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item 1.01 is incorporated by reference to this Item 2.03.





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Item 9.01 Financial Statements and Exhibits





(d) Exhibits



Exhibit
No.                                      Description
10.1          Second Amendment to Credit Agreement and Amendment to Collateral
            Agreement, dated as of December 17, 2019, by and among YETI
            Holdings, Inc., the Subsidiaries of YETI Holdings, Inc., party
            thereto, the lenders party thereto and Bank of America, N.A., as
            administrative agent.




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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 hereunto duly authorized.

YETI Holdings, Inc.

Date: December 18, 2019 By: /s/ Paul C. Carbone

Paul C. Carbone
                            Senior Vice President and Chief Financial Officer




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