Fitch Rates Spectrum Brand's New Secured Facilities 'BB+/RR1'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to assign a 'BB+/RR1' rating to Spectrum Brand Inc.'s (Spectrum) new upcoming $1.45 billion term loan, Euro300 million term loan, and CAD75 million term loan. The term loans mature in 2022. Additionally, Fitch expects to assign a 'BB+/RR1' rating to a new 5-year $500 million senior secured cash flow revolver. The cash flow based revolver is a new facility in Spectrum's capital structure. It replaces the $400 million asset based lending (ABL) faci

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