Spectrum Brands to exit Ch. 11 in August - St. Louis Business Journal:

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The Atlanta-based consumer product s company said it will exit bankruptcy protection as soon as all closintg conditions to the including the closing ofthe company’sw exit financing, have been met. That will likelg be in August, the companyt said. “When we emerge, we will have reducef our subordinated debtby $840 million and eliminaterd approximately $60 million of annual cash interestg expenses for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared statement.
“We will emerges with a stronger balance sheet that will betterd position us to maintain and strengthebn our current platform and to pursuer opportunities to grow our Spectrum Brands, which has operationxs in Overland and Bridgeton, Mo., in the U.S. Bankruptcyt Court for the Western Districtof Texas, San Antonil Division on Feb. 3. It had $4.4 billionm in debt. Spectrum makes Rayovac batteries, Tetraz pet supplies, Remington shaving and groomingy and personalcare products, household insecticides and lawn and garden care products.