Lifetime Brands completes Term Loan B amendment, extension

Lifetime Brands announced the completion of the Term Loan B Amendment and Extension. On November 14, 2023, the Company’s Term Loan B in the principal amount of $198.7 million due February 2025 has been amended and extended. The Term Loan, as amended and extended, will have a principal amount of $150.0 million and mature in August 2027. In connection with the amendment and extension, the Company borrowed on its asset-based loan facility to pay down $48.7 million of principal amount of the Term Loan B plus approximately $9 million to pay the original issue discount and related fees and expenses.