Brief: Tupperware Brands Announces Debt Restructuring

Tupperware Brands

03/08/2023 21:57

Aug 3 (Reuters) - Tupperware Brands Corp  TUP.N :
    * TUPPERWARE BRANDS ANNOUNCES DEBT RESTRUCTURING
    * TUPPERWARE BRANDS CORP - AGREEMENT PROVIDES REDUCTION /
REALLOCATION OF APPROXIMATELY $150 MILLION OF CASH INTEREST AND
FEES
    * TUPPERWARE BRANDS-  AGREEMENT PROVIDES EXTENSION OF STATED
MATURITY OF ABOUT $348 MILLION OF PRINCIPAL,REALLOCATED INTEREST
AND FEES TO FISCAL YEAR 2027
    * TUPPERWARE BRANDS CORP - AGREEMENT PROVIDES IMMEDIATE
ACCESS TO
REVOLVING BORROWING CAPACITY OF APPROXIMATELY $21 MILLION
    * TUPPERWARE BRANDS CORP - AGREEMENT PROVIDES REDUCTION OF
AMORTIZATION PAYMENTS REQUIRED TO BE PAID THROUGH FISCAL YEAR
2025 BY APPROXIMATELY $55 MILLION

Source text for Eikon:  ID:nPn2rpNwsa 
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