{"id":996215,"date":"2026-08-17T16:20:45","date_gmt":"2026-08-17T20:20:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/"},"modified":"2026-08-17T16:20:45","modified_gmt":"2026-08-17T20:20:45","slug":"lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/","title":{"rendered":"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>New second lien term loan and ABL Facility maturities to August 2031<\/em>\n      <\/p>\n<p align=\"justify\">GARDEN CITY, N.Y., Aug.  17, 2026  (GLOBE NEWSWIRE) &#8212; Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that it has completed the refinancing of its credit facilities.<\/p>\n<p align=\"justify\">The Company&#8217;s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company&#8217;s $200 million asset-based revolving credit facility agented by JPMorgan (the \u201cABL Facility\u201d) has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031.<\/p>\n<p align=\"justify\">\u201cThis refinancing extends our debt maturity, enhances our financial flexibility,\u201d said Rob Kay, Chief Executive Officer. \u201cIt reflects the continued strength of our business and positions us well to invest in our operations and continue executing on our long-term strategy.\u201d<\/p>\n<p align=\"justify\">For additional information regarding this transaction, please refer to the Company\u2019s Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission (SEC) within four business days of this announcement and available at www.sec.gov.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This release contains forward-looking statements that are subject to risks and uncertainties, including the Company\u2019s ability to comply with the requirements of its credit agreements, the availability of funding under such agreements, and the Company\u2019s ability to maintain adequate liquidity and an appropriate level of debt. These risks and uncertainties could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Investors should not place undue reliance on these statements. Additional risk factors are described in the Company\u2019s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements other than as required by law.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Lifetime Brands, Inc.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Lifetime Brands is a leading global designer, developer and marketer of a broad range of branded consumer products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware\u00ae, KitchenAid\u00ae, Sabatier\u00ae, Amco Houseworks\u00ae, Chef&#8217;n\u00ae Chicago\u2122 Metallic, Copco\u00ae, Fred\u00ae &amp; Friends, Houdini\u2122, KitchenCraft\u00ae, Kamenstein\u00ae, La Cafeti\u00e8re\u00ae, MasterClass\u00ae, Misto\u00ae, Swing-A-Way\u00ae, Taylor\u00ae Kitchen, Rabbit\u00ae, and Dolly\u00ae; respected tableware and giftware brands, including Mikasa\u00ae, Pfaltzgraff\u00ae, Fitz and Floyd\u00ae, Empire Silver\u2122, Gorham\u00ae, International\u00ae Silver, Towle\u00ae Silversmiths, Wallace\u00ae, Wilton Armetale\u00ae, V&amp;A\u00ae, Royal Botanic Gardens Kew\u00ae, Year &amp; Day\u00ae, Dolly\u00ae, Royal Leerdam\u00ae, and ONIS\u00ae; and valued home solutions brands, including BUILT NY\u00ae, S&#8217;well\u00ae, Taylor\u00ae Bath, Taylor\u00ae Kitchen, Taylor\u00ae Weather, Elements\u00ae, Planet Box\u00ae, and Dolly\u00ae. The Company also provides exclusive private label products to leading retailers worldwide.<\/p>\n<p align=\"justify\">The Company&#8217;s corporate website is www.lifetimebrands.com.<\/p>\n<p align=\"justify\">\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Lifetime Brands, Inc.<br \/><\/strong>Laurence Winoker, Chief Financial Officer<br \/>516-203-3590<br \/>investor.relations@lifetimebrands.com<\/p>\n<p align=\"justify\">or<\/p>\n<p align=\"justify\">\n        <strong>MZ North America<br \/><\/strong>Shannon Devine<br \/>Main: 203-741-8811<br \/>LCUT@mzgroup.us<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NDI2M2VlMGYtNWRjYi00MmVjLTg5NWItMTVkZTdmM2RhOTQwLTEwMTk0NjgtMjAyNi0wOC0xNy1lbg==\/tiny\/Lifetime-Brands-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New second lien term loan and ABL Facility maturities to August 2031 GARDEN CITY, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that it has completed the refinancing of its credit facilities. The Company&#8217;s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company&#8217;s $200 million asset-based revolving credit facility agented by JPMorgan (the \u201cABL Facility\u201d) has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031. \u201cThis refinancing extends our debt &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-996215","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New second lien term loan and ABL Facility maturities to August 2031 GARDEN CITY, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that it has completed the refinancing of its credit facilities. The Company&#8217;s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company&#8217;s $200 million asset-based revolving credit facility agented by JPMorgan (the \u201cABL Facility\u201d) has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031. \u201cThis refinancing extends our debt &hellip; Continue reading &quot;Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-17T20:20:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility\",\"datePublished\":\"2026-08-17T20:20:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/\"},\"wordCount\":482,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\\\/\",\"name\":\"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility - 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(NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that it has completed the refinancing of its credit facilities. The Company&#8217;s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company&#8217;s $200 million asset-based revolving credit facility agented by JPMorgan (the \u201cABL Facility\u201d) has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031. \u201cThis refinancing extends our debt &hellip; Continue reading \"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-17T20:20:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility","datePublished":"2026-08-17T20:20:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/"},"wordCount":482,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lifetime-brands-announces-closing-of-60-million-second-lien-term-loan-and-amended-and-extended-200-million-abl-facility\/","name":"Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility - 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