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Spectrum Brands Amends of $300 Million Credit
Apr 25, 2011
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Spectrum Brands Holdings, Inc. of Madison, WI, U.S., amended an existing $300 million loan at a lower interest rates and extended maturity, indicative of improved credit market conditions as well as the company's strong performance and positive outlook. The new terms have the potential to reduce the company's annual cash interest and related administrative expense by approximately $2 million.

Spectrum Brands is a global consumer products company selling batteries, small electric appliances, and consumables such as insecticides and pet care products.

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