Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Spectrum Brands Prepays $20 Million on Term Loan
Dec 21, 2010
 Printable format
 Email this Article
 Search

Appliance OEM Spectrum Brands Holdings made a voluntary prepayment of $20 million to reduce its senior secured term loan to $680 million. In November Spectrum voluntary prepayment of $50 million on its original term loan of $750 million.

“Given our expectations for increasing free cash flow generation, we plan to achieve a cumulative debt reduction on our Term Loan of at least $200 million in our current fiscal 2011, which began on October 1st,” said Spectrum Brands CEO Dave Lumley. “As we have said, our top priority use of free cash flow is aggressive debt reduction to reach a target leverage ratio of 3 times or less over the next 2 years.

In 2010 Spectrum formed its business segment Small Appliances, made up of businesses added to its portfolio when it merged with Russell Hobbs on June 16, 2010.

Spectrum's Global Batteries & Personal Care segment includes Remington shavers and other personal care appliances.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows