Spectrum Brands Holdings, Inc. SPB, a global consumer products
company with market-leading brands, announced today that its wholly
owned subsidiary Spectrum Brands, Inc. ("Spectrum Brands") intends to
replace all of its outstanding indebtedness under its existing term
loans and asset based lending revolving credit facility (the "Existing
Facilities") with a new senior secured credit facility consisting of
term loans in the amount of US$1,450 million, €300 million and CAD$75
million and a US$500 million revolving credit facility (the "New
Facilities"). At March 29, 2015, the Existing Facilities consisted of
senior secured term loans of approximately US$1,580 million and a US$400
million asset based lending revolving credit facility. Spectrum Brands
also intends to use a portion of the proceeds of the New Facilities to
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