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

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The Atlanta-based consumer products company said it will exit bankruptcu protection as soon as all closing conditiones tothe plan, including the closin g of the company’s exit financing, have been met. That will likely be in the company said. “When we we will have reduced our subordinated debtby $840 milliob and eliminated approximately $60 million of annuao cash interest expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepared “We will emerge with a stronged balance sheet that will better position us to maintainj and strengthen our current platform and to pursur opportunities to grow our Spectrum Brands and its U.S.
subsidiaries filed for Chaptetr 11 inthe U.S. Bankruptcy Court for the Westerjn Districtof Texas, San Antonio Division on Feb. 3. It had $4.4 billiobn in debt. Spectrum makes Rayovac batteries, Tetra pet supplies, Remington shaving and grooming and personalcare products, household insecticides and lawn and gardem care products.