---
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"
generated_at: "2026-06-20T21:09:27.879597+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands amends term loan to replace LIBOR with SOFR-based interest rates

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-000094
- JSON: https://secwatch.observer/filing/0001628280-23-000094.json
- Plain text: https://secwatch.observer/filing/0001628280-23-000094.txt

## Key facts
- Debt Financings
  LIFETIME BRANDS, INC amended term loan with JPMorgan Chase Bank, N.A. at replaces the LIBOR-based interest rates with SOFR-based interest rates.
  - Instrument: term loan
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: replaces the LIBOR-based interest rates with SOFR-based interest rates
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/0001628280-23-000094-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent)
  - Effective: 2022-12-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023000094/0001628280-23-000094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.