Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility

Rhea-AI Summary

Lifetime Brands (NasdaqGS: LCUT) has completed a refinancing of its credit facilities, replacing its existing Term Loan B with a new $60 million second lien term loan provided by Pathlight Capital and amending and extending its $200 million asset-based revolving credit facility agented by JPMorgan.

According to the company, both the new second lien term loan and the amended ABL Facility now mature in August 2031, extending the company’s debt maturities. Management stated that the refinancing is expected to enhance financial flexibility and support ongoing investment in operations and long-term strategic execution.

Positive

• $60 million second lien term loan completed, replacing Term Loan B
• Amended $200 million ABL Facility agented by JPMorgan
• Debt maturities for both facilities extended to August 2031
• Refinancing completed, which the company says enhances financial flexibility

Negative

• None.

Market Context

FLXS's 7.959356158971786% move in the current momentum scan contrasted with LCUT's marked-down direc...

Analysis

FLXS's 7.959356158971786% move in the current momentum scan contrasted with LCUT's marked-down direction. The refinancing is best evaluated through its August 2031 maturities, with the forthcoming Form 8-K as the watch item for transaction details.

Key Figures

Second lien term loan: $60 million ABL facility: $200 million Debt maturity: August 2031

3 metrics

Second lien term loan $60 million New loan replacing the existing Term Loan B

ABL facility $200 million Amended and extended asset-based revolving credit facility

Debt maturity August 2031 Both the new term loan and amended ABL Facility

Historical Context

5 past events · Latest: Aug 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 06	Q2 earnings report	Positive	+3.3%	Quarterly sales growth, profitability, debt repayment, and raised earnings guidance
Jul 23	Earnings release date	Neutral	-1.9%	Company scheduled its second-quarter results release and investor conference call
Jun 22	Annual meeting results	Neutral	-3.0%	Stockholders elected directors, approved compensation, and ratified the auditor
May 11	Investor conference participation	Neutral	+6.5%	Executives planned investor meetings at the LD Micro Invitational XVI Conference
May 07	Q1 earnings report	Neutral	+29.1%	Quarterly net loss accompanied by sales growth and full-year guidance

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Reactions varied: positive Q2 results preceded 3.33%, while the mixed Q1 report preceded 29.08% and the annual-meeting update preceded -2.96%.

Key Terms

second lien term loan, asset-based revolving credit facility, form 8-k

3 terms

second lien term loan financial

"new $60 million second lien term loan provided by Pathlight Capital"

A second lien term loan is a secured loan that is backed by the borrower’s assets but sits behind a first lien loan in the repayment order, like a second mortgage on a house that gets paid after the first mortgage if the property is sold. It matters to investors because it carries higher interest rates to compensate for greater risk, and its lower priority means holders recover less in a default, which affects credit risk, pricing and how different creditors and shareholders are treated.

asset-based revolving credit facility financial

"$200 million asset-based revolving credit facility agented by JPMorgan"

A loan arrangement where a lender agrees to make funds available up to a set limit that a borrower can draw, repay, and draw again, with the amount available tied to the value of specific assets (like inventory, receivables, or equipment) pledged as collateral. It matters to investors because it provides flexible working capital while limiting risk exposure: the company can fund growth or cover shortfalls quickly, but borrowing capacity can shrink if asset values fall.

form 8-k regulatory

"refer to the Company’s Current Report on Form 8-K"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New second lien term loan and ABL Facility maturities to August 2031

GARDEN CITY, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) -- 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's existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company's $200 million asset-based revolving credit facility agented by JPMorgan (the “ABL Facility”) has been amended and extended. Both the new second lien term loan and the amended ABL Facility mature in August 2031.

“This refinancing extends our debt maturity, enhances our financial flexibility,” said Rob Kay, Chief Executive Officer. “It reflects the continued strength of our business and positions us well to invest in our operations and continue executing on our long-term strategy.”

For additional information regarding this transaction, please refer to the Company’s 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.

Forward-Looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties, including the Company’s ability to comply with the requirements of its credit agreements, the availability of funding under such agreements, and the Company’s 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’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements other than as required by law.

Lifetime Brands, Inc.

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®, KitchenAid®, Sabatier®, Amco Houseworks®, Chef'n® Chicago™ Metallic, Copco®, Fred® & Friends, Houdini™, KitchenCraft®, Kamenstein®, La Cafetière®, MasterClass®, Misto®, Swing-A-Way®, Taylor® Kitchen, Rabbit®, and Dolly®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Empire Silver™, Gorham®, International® Silver, Towle® Silversmiths, Wallace®, Wilton Armetale®, V&A®, Royal Botanic Gardens Kew®, Year & Day®, Dolly®, Royal Leerdam®, and ONIS®; and valued home solutions brands, including BUILT NY®, S'well®, Taylor® Bath, Taylor® Kitchen, Taylor® Weather, Elements®, Planet Box®, and Dolly®. The Company also provides exclusive private label products to leading retailers worldwide.

The Company's corporate website is www.lifetimebrands.com.

Contacts:

Lifetime Brands, Inc.
Laurence Winoker, Chief Financial Officer
516-203-3590
investor.relations@lifetimebrands.com

or

MZ North America
Shannon Devine
Main: 203-741-8811
LCUT@mzgroup.us

FAQ

What did Lifetime Brands (LCUT) announce about its debt refinancing on August 17, 2026?

Lifetime Brands announced completion of a refinancing that replaces its Term Loan B with a $60 million second lien term loan and amends and extends its $200 million ABL Facility. According to the company, both credit facilities now mature in August 2031.

What are the key terms of Lifetime Brands’ new $60 million second lien term loan?

Lifetime Brands entered a new $60 million second lien term loan provided by Pathlight Capital, replacing its existing Term Loan B. According to the company, this new facility now matures in August 2031, aligning with the amended ABL Facility maturity.

How was Lifetime Brands’ $200 million ABL Facility changed in the 2026 refinancing?

The company’s $200 million asset-based revolving credit facility, agented by JPMorgan, was amended and extended. According to Lifetime Brands, the amended ABL Facility now has a maturity in August 2031, extending the company’s overall debt maturity profile.

When do Lifetime Brands’ new second lien term loan and amended ABL Facility mature?

Both Lifetime Brands’ new $60 million second lien term loan and its amended $200 million ABL Facility mature in August 2031. According to the company, this refinancing extends debt maturities and is intended to enhance financial flexibility for long-term strategy.

How does the 2026 refinancing affect Lifetime Brands’ financial flexibility and strategy?

According to Lifetime Brands, the refinancing extends debt maturities to August 2031 and enhances financial flexibility. Management stated this positions the company to invest in operations and continue executing on its long-term strategy supported by the new and amended credit facilities.

Which lenders are involved in Lifetime Brands’ new credit facilities as of August 2026?

Pathlight Capital provides the new $60 million second lien term loan, while JPMorgan is agent for the amended $200 million ABL Facility. According to Lifetime Brands, both facilities now share a maturity in August 2031 following the completed refinancing.