Spectrum Brands to exit Ch. 11 in August - Business First of Buffalo:

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The Atlanta-based consumer products company said it will exit bankruptch protection as soon as all closing conditions to the including the closing ofthe company’s exit financing, have been met. That will likel be in August, the company “When we emerge, we will have reducede our subordinated debtby $840 millio n and eliminated approximately $60 million of annual cash interestt expenses for at least each of the next two said Kent Hussey, CEO of Spectrujm Brands, in a prepared “We will emerge with a strongere balance sheet that will better position us to maintaih and strengthen our current platform and to pursuee opportunities to grow our company.
” Spectrum Brands and its U.S. subsidiaries filef for Chapter 11 inthe U.S. Bankruptcy Courft for the Western Districtof Texas, San Antonio Divisionn on Feb. 3. It had $4.4 billion in Spectrum makes Rayovac Tetrapet supplies, Remington shaving and grooming and personall care products, household insecticide s and lawn and garden care products.