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Lifetime Brands reduces minimum net sales requirement under facility
By Sara Rosenberg
New York, Oct. 16 - Lifetime Brands Inc. agreed with its credit facility lenders to reduce to $107 million the minimum net sales requirement for the quarter ended Sept. 30, according to an 8-K filed with the Securities and Exchange Commission on Friday.
The agreement was entered into on Oct. 13.
Lifetime is a Garden City, N.Y.-based designer, developer and marketer of various consumer products.
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