Spectrum Brands Announces Intention to Replace its Existing Term Loan Facility

Spectrum Brands Holdings, Inc. SPB, a global consumer products company with market-leading brands, announced today that its wholly owned subsidiary Spectrum Brands, Inc. ("Spectrum Brands") intends to replace all of its outstanding indebtedness under its existing term loans and asset based lending revolving credit facility (the "Existing Facilities") with a new senior secured credit facility consisting of term loans in the amount of US$1,450 million, €300 million and CAD$75 million and a US$500 million revolving credit facility (the "New Facilities"). At March 29, 2015, the Existing Facilities consisted of senior secured term loans of approximately US$1,580 million and a US$400 million asset based lending revolving credit facility. Spectrum Brands also intends to use a portion of the proceeds of the New Facilities to See full press release