Lifetime Brands closes $60 million second-lien term loan with Pathlight Capital
LCUT•Refinancing completed with new second-lien term loan
Lifetime Brands completed a refinancing that replaced its existing Term Loan B with a $60 million second-lien term loan.
- Pathlight Capital provided the new second-lien term loan.
- Its $200 million asset-based revolving credit facility, agented by JPMorgan, was amended and extended.
- Both facilities now mature in August 2031.
