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Deutsche Bank Agents Upsize for Spectrum Brands

May 17, 2017, 07:38 AM
Filed Under: Consumer Products

Spectrum Brands, Inc., an indirect majority owned subsidiary of HRG Group, Inc., entered into the fourth amendment to its credit agreement, dated as of June 23, 2015, according to an SEC filing. Deutsche Bank AG New York Branch is listed as the administrative agent).

The Fourth Amendment modified certain terms of the Credit Agreement, including increasing Spectrum Brands’ U.S. dollar-denominated term loans under the Credit Agreement from approximately $1.000 billion to approximately $1.250 billion in aggregate principal amount of indebtedness but otherwise maintaining the same existing terms.

Interested parties should read public filings and other announcements by Spectrum Brands Holdings, Inc., the indirect parent of Spectrum Brands and a majority owned subsidiary of HRG, for more information regarding the foregoing matters.

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