On August 17, 2026, Lifetime Brands, Inc. entered into Amendment No. 3 to its Asset-Based Lending (ABL) Credit Agreement and executed a new Term Loan Agreement. The ABL amendment extends the maturity date to August 17, 2031, maintaining aggregate revolving commitments of $200.0 million with an expansion option up to $300.0 million. Concurrently, the company closed a $60.0 million second lien Term Loan maturing on August 17, 2031, which was used to refinance existing term loan indebtedness and pay transaction costs. The new financing arrangements include specific interest rate margins and financial covenants, including a Fixed Charge Coverage Ratio requirement of not less than 1.10 to 1.00. Lifetime Brands, Inc. operates in the consumer products industry, designing, marketing, and distributing home organization and storage solutions.
