Lifetime Brands amends loan, getting forbearance of defaults

By Sara Rosenberg

New York, Feb. 19 - Lifetime Brands Inc. amended its credit facility, getting a forbearance agreement regarding non-compliance with certain terms as of Dec. 31, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The forbearance is in effect through March 6 and was obtained on Feb. 12.

In addition, the company is working with its lenders to further amend the credit facility.

HSBC is the administrative agent on the deal.

Lifetime is a Garden City, N.Y.-based designer, developer and marketer of branded household consumer products.

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