Lifetime Brands refinances credit facilities to 2031

Lifetime Brands, a consumer products company, has successfully refinanced its credit facilities until 2031. The company replaced its existing Term Loan B with a new $60 million second lien term loan provided by Pathlight Capital. Additionally, the company's $200 million asset-based revolving credit facility, managed by JPMorgan, has been amended and extended.

Both facilities now have a maturity date of August 2031. This strategic move, according to Lifetime Brands CEO Rob Kay, extends the company's debt maturity and enhances its financial flexibility. The refinancing reflects the company's continued strength and positions it well for future investments and execution of its long-term strategy.

Lifetime Brands designs, develops, and markets branded consumer products used in the home, with notable brands including Farberware, KitchenAid, Sabatier, Mikasa, Pfaltzgraff, BUILT NY, and S’well.

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