Item 1.01. Entry into a Material Definitive Agreement
The information contained in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
OnFebruary 16, 2022 ,Spectrum Brands, Inc. , aDelaware corporation (the "Company"), a wholly owned subsidiary ofSB/RH Holdings, LLC , which is a wholly owned subsidiary ofSpectrum Brands Holdings, Inc. , borrowed$350 million of incremental revolving loans pursuant to the Third Amendment (the "Third Amendment") to that certain Amended and Restated Credit Agreement, dated as ofJune 30, 2020 , with Royal Bank of Canada, as administrative agent, and certain lenders party thereto. The Company entered into the Third Amendment onFebruary 3, 2022 and borrowed$150 million of incremental revolving loans thereunder on such date. The proceeds of the Third Amendment may be used to finance the working capital needs and other general corporate purposes of the Company and its subsidiaries, including funding for the acquisition by the Company of the Tristar Business. The foregoing description of the Third Amendment does not purport to be a complete statement of the parties' rights and obligations under the Third Amendment and the transactions contemplated by the Third Amendment. The foregoing description of the Third Amendment is qualified in its entirety by reference to the Third Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
OnFebruary 18, 2022 , the Company issued a press release announcing that it has completed its previously reported acquisition of the kitchen appliances and cookware categories business ofTristar Products, Inc. A copy of the press release is attached as Exhibit 99.1, and each such document is incorporated by reference herein. The information furnished pursuant to this Item and the related exhibit shall not be deemed "filed" for purposes of Section 18 of Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description 10.1 Third Amendment to Amended and Restated
Credit Agreement, dated as of
February 3, 2022 (to the Amended and
Restated Credit Agreement dated as
of June 30, 2020) by and among the Company, SB/RH holdings, the guarantors party thereto, the lender party thereto from time to time, and Royal Bank of Canada, as the administrative agent. 99.1 Press Release, dated February 1 8 , 20 22 , announcing the cl osing of the Tristar Busin ess acquisition 1
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