Tupperware Brands Extends Forbearance Agreement Milestone

Tupperware Brands said it agreed with lenders to amend a forbearance pact, with changes including an extension to the forbearance agreement milestone.

• Milestone for entry into a definitive agreement with respect to certain repayment transactions was moved to June 22 from May 22
• Changes also include allowing the company to retain all net cash proceeds from tax refunds and up to $3.5m of net cash proceeds from the sale of some unused Internet protocol addresses, among other things
• NOTE: Tupperware Brands in Forbearance Agreement With Lenders

To view the source of this information, click here

To contact the reporter on ...