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GlobeNewswire·

Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility

  • Lifetime Brands, Inc. completed the refinancing of its credit facilities on August 17, 2026.
  • A new $60 million second lien term loan provided by Pathlight Capital replaced the existing Term Loan B.
  • The $200 million asset-based revolving credit facility (ABL Facility) agented by JPMorgan was amended & extended.
  • Both the new term loan & the amended ABL Facility mature in August 2031.
  • CEO Rob Kay stated the refinancing enhances financial flexibility & positions the company to invest in operations & long-term strategy.
  • The company will file a Current Report on Form 8-K with the SEC within four business days of the announcement.