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 Spectrum Brands Holdings, Inc. SPB, a global consumer products 
 company offering an expanding portfolio of leading brands providing 
 superior value to consumers and customers every day, announced today 
 that its wholly owned subsidiaries, Spectrum Brands, Inc. ("Spectrum 
 Brands") and SB/RH Holdings, LLC ("SB/RH Holdings"), entered into the 
 second amendment (the "Second Amendment") to the credit agreement, dated 
 as of June 23, 2015 (the "Credit Agreement"), by and among Spectrum 
 Brands, SB/RH Holdings, Deutsche Bank AG New York Branch (as the 
 administrative agent) and the lenders party thereto from time to time.
 
 
 The Second Amendment modified certain terms of the Credit Agreement's 
 revolving credit facility (with a U.S. dollar tranche and a 
 multicurrency tranche) (the "Revolving Facility"), including extending 
 its maturity from June 23, 2020 to March 6, 2022, increasing the 
 aggregate commitment amount from $500 million to $700 million by 
 increasing the amount of the U.S. dollar tranche of the Revolving 
 Facility, reducing the aggregate commitment amount of the multi-currency 
 tranche of the Revolving Facility and reducing interest rate margins and 
 unused commitment fees.
 
 
 About Spectrum Brands Holdings, Inc.
 
 
 Spectrum Brands Holdings, a member of the Russell 1000 Index, is a 
 global and diversified consumer products company and a leading supplier 
 of consumer batteries, residential locksets, residential builders' 
 hardware, plumbing, shaving and grooming products, personal care 
 products, small household appliances, specialty pet supplies, lawn and 
 garden and home pest control products, personal insect repellents, and 
 auto care products. Helping to meet the needs of consumers worldwide, 
 our Company offers a broad portfolio of market-leading, well-known and 
 widely trusted brands including Rayovac®, VARTA®, Kwikset®, Weiser®, 
 Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®, 
 Black + Decker®, Tetra®, Marineland®, Nature's Miracle®, Dingo®, 
 8-in-1®, FURminator®, IAMS®, Eukanuba®, Healthy-Hide®, Digest-eeze™, 
 Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, 
 Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum Brands&#39; products 
 are sold in approximately 160 countries. Spectrum Brands Holdings 
 generated net sales of approximately $5.04 billion in fiscal 2016. For 
 more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.spectrumbrands.com&amp;esheet=51521101&amp;newsitemid=20170306006329&amp;lan=en-US&amp;anchor=www.spectrumbrands.com&amp;index=1&amp;md5=315dada1ea7dbd6a37fe7d669c85079c" rel="nofollow" rel="nofollow">www.spectrumbrands.com</a>.
 
 
 Forward-Looking Statements
 
 
 Certain matters discussed herein and other oral and written 
 statements made by representatives of Spectrum Brands and its affiliates 
 regarding matters such as the timing and amount of usage of its 
 Revolving Facility may be forward-looking statements within the meaning 
 of the Private Securities Litigation Reform Act of 1995. These 
 statements are identified by words such as "future," "anticipate," 
 "intend," "plan," "estimate," "believe," "expect," "project," 
 "forecast," "could," "would," "should," "will," "may," and similar 
 expressions of future intent or the negative of such terms. These 
 statements are subject to a number of risks and uncertainties that could 
 cause results to differ materially from those anticipated as of the date 
 of this release.
 
 
 Actual results may differ materially as a result of (1) Spectrum 
 Brands' ability to manage and otherwise comply with its covenants with 
 respect to its significant outstanding indebtedness, (2) our ability to 
 finance, complete, integrate, and to realize synergies from 
 acquisitions, (3) risks related to changes and developments in external 
 competitive market factors, such as introduction of new product features 
 or technological developments, development of new competitors or 
 competitive brands or competitive promotional activity or spending, (4) 
 changes in retailer and consumer demand for the various types of 
 products Spectrum Brands offers, (5) unfavorable developments in the 
 global capital markets, (6) the impact of overall economic conditions on 
 consumer spending, (7) fluctuations in commodities prices, the costs or 
 availability of raw materials or terms and conditions available from 
 suppliers, (8) changes in the general economic conditions in countries 
 and regions where Spectrum Brands does business, such as stock market 
 prices, interest rates, currency exchange rates, inflation and consumer 
 spending, (9) risks related to the United Kingdom's 2016 referendum, 
 which called for its exit from the European Union, (10) Spectrum Brands' 
 ability to successfully implement manufacturing, distribution and other 
 cost efficiencies and to continue to benefit from its cost-cutting 
 initiatives, (11) Spectrum Brands' ability to identify, develop and 
 retain key employees, or (12) unfavorable weather conditions and various 
 other risks and uncertainties, including those discussed herein and 
 those set forth in the filings pursuant to the federal securities laws 
 of each of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC, 
 including each of their most recently filed Annual Reports on Form 10-K 
 or Quarterly Reports on Form 10-Q.
 
 
 Spectrum Brands also cautions the reader that its estimates of 
 trends, market share, retail consumption of its products and reasons for 
 changes in such consumption are based solely on limited data available 
 to Spectrum Brands and management's reasonable assumptions about market 
 conditions, and consequently may be inaccurate, or may not reflect 
 significant segments of the retail market. Spectrum Brands also cautions 
 the reader that undue reliance should not be placed on any 
 forward-looking statements, which speak only as of the date of this 
 release. Spectrum Brands undertakes no duty or responsibility to update 
 any of these forward-looking statements to reflect events or 
 circumstances after the date of this release or to reflect actual 
 outcomes.
 
 
 
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