secwatch / observer
8-K/A filed May 8, 2023, 7:59 PM ET CIK 0001008654
other material confidence high sentiment negative materiality 0.90

TUPPERWARE BRANDS CORP: debt financing — Tupperware appoints CRO, amends credit, reports Q1 revenue decline and going concern

TUPPERWARE BRANDS CORP

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brian J. Fox

Chief Restructuring Officer
TUPPERWARE BRANDS CORP
Effective
2023-05-04
Filed
May 8, 2023, 7:59 PM ET
On May 4, 2023, the Company appointed Brian J. Fox of Alvarez & Marsal North America, LLC (“A&M”) as the Company’s Chief Restructuring Officer.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

TUPPERWARE BRANDS CORP amended credit facility of $5.3 million borrowing to pay past-due interest with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto at Not specified; borrowing used to pay past-due interest maturing Not specified.

Instrument
credit facility
Principal
$5.3 million borrowing to pay past-due interest
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
Rate
Not specified; borrowing used to pay past-due interest
Maturity
Not specified
Event
amendment
Exact text from the filing
Credit Agreement, which permitted the Company to make, on the effective date of the Amendment, a single borrowing under the Credit Agreement in the aggregate principal amount of $5.3 million (the proceeds of which were used on such date to pay past-due interest owing by the Company under the Credit Agreement) notwithstanding the existence of each of a default related
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Brian J. Fox was appointed as Chief Restructuring Officer at TUPPERWARE BRANDS CORP.

Action
appointed
Role
Chief Restructuring Officer
Exact text from the filing
On May 4, 2023, the Company appointed Brian J. Fox of Alvarez & Marsal North America, LLC (“A&M”) as the Company’s Chief Restructuring Officer.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TUPPERWARE BRANDS CORP amended Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto valued at $5.3 million (effective 2023-05-05).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
Value
$5.3 million
Effective
2023-05-05
Exact text from the filing
On May 5, 2023, the Company, Tupperware Products AG (together with the Company, collectively, the “Borrowers”), and certain other subsidiaries of the Company entered into the Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions (the “Amendment”), amending that certain Credit Agreement dated as of November 23, 2021
View on SEC.gov

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Source: SEC EDGAR
accession 0001008654-23-000039
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