{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-000094","form_type":"8-K","ticker":"LCUT","cik":"0000874396","company_name":"LIFETIME BRANDS, INC","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.334750+00:00","generated_at":"2026-06-20T21:09:27.879597+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Lifetime Brands amends term loan to replace LIBOR with SOFR-based interest rates","bullets":["Entered Amendment No. 1 to Term Loan Agreement dated March 2, 2018, with JPMorgan as administrative agent.","Replaces LIBOR-based rates with SOFR-based rates (Adjusted Daily Simple SOFR and Adjusted Term SOFR).","Modifies provisions for determining an alternative rate of interest upon benchmark unavailability.","Amendment effective December 29, 2022, subject to no objection from required lenders within 5 business days."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-000094","json":"https://secwatch.observer/filing/0001628280-23-000094.json","markdown":"https://secwatch.observer/filing/0001628280-23-000094.md","text":"https://secwatch.observer/filing/0001628280-23-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/0001628280-23-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/lcut-20221229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:09:27.879597+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":[{"claim_id":"fbb29e6b802f25ad357337827153b4e77c0c1828","claim":"LIFETIME BRANDS, INC amended term loan with JPMorgan Chase Bank, N.A. at replaces the LIBOR-based interest rates with SOFR-based interest rates.","evidence_excerpt":"The Amendment replaces the LIBOR-based interest rates with SOFR-based interest rates and modifies the provisions for determining an alternative rate of interest upon the occurrence of certain events relating to the availability of interest rate benchmarks.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/0001628280-23-000094-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"replaces the LIBOR-based interest rates with SOFR-based interest rates"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"6ad46a5dac5652b1443fc37cb4ab2fdc5d22b788","claim":"LIFETIME BRANDS, INC amended Amendment No. 1 with JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent) (effective 2022-12-29).","evidence_excerpt":"On December 29, 2022, Lifetime Brands, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to amend that certain Loan Agreement, dated as of March 2, 2018, among the Company, as borrower, the other loan parties from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Golub Capital LLC, as syndication agent (the “Term Loan Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/0001628280-23-000094-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent)"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}