debt
confidence high
sentiment positive
materiality 0.55
Lifetime Brands expands ABL credit facility to $200M, extends maturity to 2027
LIFETIME BRANDS, INC
- Amended ABL credit agreement increases lender commitments from $150M to $200M.
- Maturity extended from March 2, 2023 to August 26, 2027.
- Benchmark rates replaced LIBOR with SOFR for USD, SONIA for GBP, EURIBOR for EUR.
- Springing maturity of 90 days prior to Term Loan maturity (Feb 28, 2025) if not repaid.