Lifetime Brands, a global designer, developer and marketer of a broad range of branded consumer products used in the home, completed the refinancing of its credit facilities.
The company’s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the company’s $200 million asset-based revolving credit facility agented by JPMorgan has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031.
“This refinancing extends our debt maturity, enhances our financial flexibility,” Rob Kay, CEO of Lifetime Brands, said. “It reflects the continued strength of our business and positions us well to invest in our operations and continue executing on our long-term strategy.”
