Brief: Tupperware Brands Secures Financial Flexibility To Continue Executing On Its Global Business Strategy Transformation Plan

Tupperware Brands

16/02/2024 21:42

Feb 16 (Reuters) - Tupperware Brands Corp  TUP.N :
    * TUPPERWARE BRANDS CORP - HAS SECURED FINANCIAL FLEXIBILITY
TO
CONTINUE EXECUTING ON ITS GLOBAL BUSINESS STRATEGY
TRANSFORMATION PLAN
    * TUPPERWARE BRANDS- WORKING CLOSELY WITH FINANCIAL ADVISORS
TO
RUN A PROCESS TO EXPLORE STRATEGIC ALTERNATIVES
    * TUPPERWARE BRANDS -  ON FEB 13 ENTERED FORBEARANCE
AGREEMENT
AMENDING CREDIT AGREEMENT, DATED AS OF NOVEMBER 23, 2021
    * TUPPERWARE BRANDS CORP -  AGREEMENT REQUIRES CO TO COMPLY
WITH
CERTAIN MILESTONES WITH RESPECT TO BUSINESS PLANNING DURING
FORBEARANCE PERIOD
    * TUPPERWARE BRANDS- AGREEMENT REDUCES CO'S WEEKLY MINIMUM
U.S.
LIQUIDITY REQUIREMENT UNDER CREDIT AGREEMENT TO $10 MILLION
DURING FORBEARANCE PERIOD

Source text for Eikon:  ID:n0001008654-24-000013 
Further company coverage:  TUP.N 

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