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The Atlanta-based consumer productss company said it will exit bankruptcy protectiob as soon as all closing conditionss tothe plan, including the closing of the company’ds exit financing, have been met. That will likely be in August, the company said. “Whe n we emerge, we will have reduced our subordinated debtby $840 milliobn and eliminated approximately $60 millio of annual cash interest expenses for at leasrt each of the next two said Kent Hussey, CEO of Spectruj Brands, in a prepared “We will emerge with a strongerr balance sheet that will better positionm us to maintain and strengthen our currenf platform and to pursue opportunities to grow our Spectrum Brands and its U.
S. subsidiariee filed for Chapter 11 inthe U.S. Bankruptcyg Court for the Westerjn Districtof Texas, San Antonio Division on Feb. 3. It had $4.4 billio in debt. Spectrum makes Rayovac batteries, Tetra pet Remington shaving and grooming and personal care household insecticides and lawn and gardencare
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