other
confidence high
sentiment neutral
materiality 0.20
Lifetime Brands amends credit agreement to replace LIBOR with Benchmark Replacement
LIFETIME BRANDS, INC
- Amendment No. 1 to Credit Agreement dated March 2, 2018, effective December 28, 2021.
- Replaces LIBOR with a Benchmark Replacement for loans in Dollars, Pounds Sterling, and euros.
- Consented to by all Lenders, Borrowers, Guarantors, and JPMorgan Chase as Administrative Agent.
- No changes to loan amounts, maturity, or other financial terms; all other obligations reaffirmed.
- Representations and warranties reaffirmed; no default or event of default exists.