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 bankruptcy protection as soon as all closinyg conditions tothe plan, including the closint of the company’s exit have been met. That will likely be in August, the companyh said. “When we emerge, we will have reducee our subordinated debtby $840 millionb 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 statement.
“We will emerge with a stronge r balance sheet that will bette r position us to maintain and strengthen our current platform and to pursue opportunitiez to grow our Spectrum Brands andits U.S. subsidiaries filed for Chapter 11 inthe U.S. Bankruptcuy Court for the Western Districtof Texas, San Antonii Division on Feb. 3. It had $4.4 billion in Spectrum makes Rayovac batteries, Tetra pet Remington shaving and grooming and personal care household insecticides and lawn and gardencare products.