New second lien term loan and ABL Facility maturities to August 2031  GARDEN CITY, N.Y., Aug.  17, 2026  (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NASDAQ:LCUT), a leading global designer, developer and marketer of a

LCUT

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

Lifetime Brands refinances debt, extends maturities to August 2031

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New second lien term loan and ABL Facility maturities to August 2031  GARDEN CITY, N.Y., Aug.  17, 2026  (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NASDAQ:LCUT), a leading global designer, developer and marketer of a</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Lifetime Brands announced the refinancing of its credit facilities, replacing Term Loan B with a $60 million second-lien loan from Pathlight Capital and amending the $200 million ABL facility to mature in August 2031. The CEO said the move extends debt maturity and enhances financial flexibility to invest in operations and execute the long-term strategy; an 8-K will follow with details.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Lifetime Brands refinances debt with a $60M second lien loan.</li><li>ABL facility amended; $200M revolver extended to Aug 2031.</li><li>Maturities extend to August 2031; boosts liquidity and flexibility.</li><li>CEO cites ongoing strength and investment potential.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Lifetime Brands, Inc. (LCUT)</strong>: Financing refinances debt and extends debt maturity, improving liquidity and financial flexibility.</li><li><strong>Pathlight Capital</strong>: Provides the $60M second-lien loan; terms could influence cost of debt and covenants.</li><li><strong>JPMorgan Chase &amp; Co. (JPM)</strong>: ABL facility agent; coordinates amended revolver, supporting liquidity.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The update centers on capital structure and liquidity, with potential downstream effects on leverage and covenant discussions.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Debt refinancing extends maturity to 2031, reducing near-term refinancing risk.</li><li>Pathlight loan and JPMorgan-led ABL change leverage mix; covenants to monitor.</li><li>Announcement via Globe Newswire; 8-K filing expected within four business days.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>New second lien term loan: $60 million provided by Pathlight Capital.</li><li>$200 million ABL facility amended and extended; agented by JPMorgan.</li><li>Both facilities mature in August 2031.</li><li>Announcement date: August 17, 2026.</li><li>8-K filing to be filed with the SEC within four business days.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral to mildly bullish; refinancing reduces near-term liquidity risk, with potential upside over 12–24 months.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="center"><em>New second lien term loan and ABL Facility maturities to August 2031</em></p>  <p align="justify">GARDEN CITY, N.Y., Aug.  17, 2026  (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LCUT">LCUT</a>), 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.</p>  <p align="justify">The Company&#39;s existing Term Loan B has been replaced with a new $60 million second lien term loan provided by Pathlight Capital, and the Company&#39;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.</p>  <p align="justify">"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."</p>  <p align="justify">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.</p>  <p align="justify"><strong><em>Forward-Looking Statements</em></strong></p>  <p align="justify">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.</p>  <p align="justify"><strong><em>Lifetime Brands, Inc.</em></strong></p>  <p align="justify">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&#xAE;, KitchenAid&#xAE;, Sabatier&#xAE;, Amco Houseworks&#xAE;, Chef&#39;n&#xAE; Chicago&#x2122; Metallic, Copco&#xAE;, Fred&#xAE; &amp; Friends, Houdini&#x2122;, KitchenCraft&#xAE;, Kamenstein&#xAE;, La Cafetière&#xAE;, MasterClass&#xAE;, Misto&#xAE;, Swing-A-Way&#xAE;, Taylor&#xAE; Kitchen, Rabbit&#xAE;, and Dolly&#xAE;; respected tableware and giftware brands, including Mikasa&#xAE;, Pfaltzgraff&#xAE;, Fitz and Floyd&#xAE;, Empire Silver&#x2122;, Gorham&#xAE;, International&#xAE; Silver, Towle&#xAE; Silversmiths, Wallace&#xAE;, Wilton Armetale&#xAE;, V&amp;A&#xAE;, Royal Botanic Gardens Kew&#xAE;, Year &amp; Day&#xAE;, Dolly&#xAE;, Royal Leerdam&#xAE;, and ONIS&#xAE;; and valued home solutions brands, including BUILT NY&#xAE;, S&#39;well&#xAE;, Taylor&#xAE; Bath, Taylor&#xAE; Kitchen, Taylor&#xAE; Weather, Elements&#xAE;, Planet Box&#xAE;, and Dolly&#xAE;. The Company also provides exclusive private label products to leading retailers worldwide.</p>  <p align="justify">The Company&#39;s corporate website is www.lifetimebrands.com.</p>  <p align="justify"><strong>Contacts:</strong></p>  <p align="justify"><strong>Lifetime Brands, Inc.<br></br></strong>Laurence Winoker, Chief Financial Officer<br></br>516-203-3590<br></br>investor.relations@lifetimebrands.com</p>  <p align="justify">or</p>  <p align="justify"><strong>MZ North America<br></br></strong>Shannon Devine<br></br>Main: 203-741-8811<br></br>LCUT@mzgroup.us</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMTU2NSM3NzgwNjA1IzIwMDc4OTU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDI2M2VlMGYtNWRjYi00MmVjLTg5NWItMTVkZTdmM2RhOTQwLTEwMTk0NjgtMjAyNi0wOC0xNy1lbg==/tiny/Lifetime-Brands-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/2d0404cd-d2bd-4894-9449-c555cebc0d10"><img src="https://ml.globenewswire.com/media/2d0404cd-d2bd-4894-9449-c555cebc0d10/small/lcut-logo-jpg.jpg" border="0" width="150" height="28" alt="Primary Logo"></img></a></p>

Lifetime Brands announced the refinancing of its credit facilities, replacing Term Loan B with a $60 million second-lien loan from Pathlight Capital and amending the $200 million ABL facility to mature in August 2031. The CEO said the move extends debt maturity and enhances financial flexibility to invest in operations and execute the long-term strategy; an 8-K will follow with details.

News insight

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

AI summary

Sentiment rationale

Key facts

Corporate Developments