Lifetime Brands tenders for some term loan debt at 90.5-95 price

By Sara Rosenberg

New York, May 31 – Lifetime Brands Inc. launched a Dutch reverse auction tender offer for a portion of its $249.5 million first-lien term loan due 2025 at a price in the range of 90.5 to 95, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The tender offer expires at 7 a.m. ET on Monday, the source added.

Funds for the tender offer will come from cash on hand and ABL borrowings.

Lifetime Brands is a Garden City, N.Y.-based provider of kitchenware, tableware and other products used in the home.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.