Lifetime Brands closes new $60 million second-lien term loan with Pathlight Capital
LCUT•Lifetime Brands completes refinancing
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.
The company also amended and extended its $200 million asset-based revolving credit facility, agented by JPMorgan.
Both the second-lien term loan and the amended ABL facility now mature in August 2031.
