Tupperware Brands Corporation announced that it has successfully raised $880 million in a new secured credit facility in order to refinance its existing credit facilities. Highlights of the New Facility: Lowers interest rate on term loans by over 6% points; Extends credit facility maturity by 2.5 years to 2026; Increases liquidity by approximately $100 million; Fully pre-payable at any time; Resets and simplifies financial covenants to enhance operating and capital allocation flexibility. The New Facility consists of a five-year, $480 million Revolving Credit Facility, and a five-year, $400 million Term Loan. The New Facility carries an interest rate of LIBOR plus 200 basis points. The Transaction lowers the company's cost of capital, extends maturity, resets financial covenants to enhance operating flexibility, and increases liquidity through a higher level of revolver capacity. The Term Loan includes a ?176 million Euro tranche, which aligns with the Company's international business footprint, operational needs, and evolving tax strategy. In combination with lower absolute debt outstanding, the New Facility is expected to lower the Company's overall net interest expense and be a tailwind to earnings growth on a go-forward basis.