{"schema_version":"secwatch.filing_event.v1","accession":"0000874396-26-000046","form_type":"8-K","ticker":"LCUT","cik":"0000874396","company_name":"LIFETIME BRANDS, INC","filed_at":"2026-08-20T20:07:03+00:00","discovered_at":"2026-08-20T20:08:02.832823+00:00","generated_at":"2026-08-20T20:08:10.883808+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Lifetime Brands closes $60M second lien term loan and $200M ABL facility amendment, both maturing Aug 2031","bullets":["ABL facility amended to $200M commitments (US $160M, UK $35M, Dutch $5M), maturity extended to Aug 17, 2031.","New $60M second lien term loan from Pathlight Capital replaces existing Term Loan B; matures Aug 17, 2031.","Term loan interest at Term SOFR + 6.75%-7.25% (or base rate +7.75%-8.25%) based on ABL availability; quarterly principal payments of 1.25% begin Oct 2027.","ABL margins fixed at 0.75% (ABR) and 1.75% (benchmark) until Sept 30, 2026; covenants include FCCR of 1.10x and term loan requires adjusted EBITDA >= $30M.","Proceeds used to repay existing term loan B, pay transaction costs, and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0000874396-26-000046","json":"https://secwatch.observer/filing/0000874396-26-000046.json","markdown":"https://secwatch.observer/filing/0000874396-26-000046.md","text":"https://secwatch.observer/filing/0000874396-26-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874396/000087439626000046/0000874396-26-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874396/000087439626000046/lcut-20260817.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-20T20:08:10.883808+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}