Lifetime Brands, Inc. announced the refinancing of its existing credit facilities, extending the maturity date to 2031. The company secured $400 million in financing through a five-year extension of its revolving credit facility, according to a regulatory filing.
The refinancing agreement provides Lifetime Brands with improved liquidity and financial flexibility, supporting ongoing operations and strategic initiatives. Terms of the facility were not disclosed beyond the maturity extension and total amount, though the company stated the arrangement aligns with its long-term capital structure objectives.
The move follows a period of operational adjustments and cost optimization measures implemented by Lifetime Brands to enhance profitability. The extended credit facilities are expected to strengthen the company’s balance sheet and support future growth plans, including potential acquisitions or investments in its core product segments.
Lifetime Brands, headquartered in Garden City, New York, designs, markets, and distributes kitchenware, tabletop, and other home goods under brands such as KitchenAid, Pfaltzgraff, and Mikasa. The company’s shares trade on the Nasdaq under the ticker LIFW.
