Lifetime Brands Announced Plans To Launch Amendment & Extension Of The Company's Existing Term Loan B Facility Due 2025 Through Extended Maturity Of Aug. 2027; Transaction Will Be Approximately Net Leverage Neutral On Pro-Forma Basis
Portfolio Pulse from Benzinga Newsdesk
Lifetime Brands plans to launch an amendment and extension of its existing Term Loan B facility due 2025, extending the maturity to August 2027. The transaction is expected to be net leverage neutral on a pro-forma basis.
October 25, 2023 | 12:15 pm
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Lifetime Brands' extension of its Term Loan B facility could provide the company with more financial flexibility, potentially improving its financial stability.
The extension of the Term Loan B facility provides Lifetime Brands with more time to repay its debt, potentially reducing financial pressure and improving its financial stability. However, the impact on the stock price is uncertain as the transaction is expected to be net leverage neutral.
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