debt
confidence high
sentiment positive
materiality 0.65
Lifetime Brands repurchases $47.2M of term loan at 95% of par; estimated gain $2.4M
LIFETIME BRANDS, INC
- Completed repurchase of $47.2M in principal of senior secured term loan at 95% of par value.
- Outstanding principal now $198.7M; term loan matures February 28, 2025.
- Estimated gain of $2.4M before fees and expenses; funded from available cash.
- Repurchase executed via reverse Dutch auction per terms of loan agreement.