Spectrum Brands to exit Ch. 11 in August - Memphis Business Journal:

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The Atlanta-based consumer products company said it will exit bankruptct protection as soon as all closintg conditions to the including the closing ofthe company’s exit have been met. That will likely be in August, the companh said. “When we we will have reduced our subordinated debtby $840 millionj and eliminated approximately $60 million of annual cash interest expenses for at leasty each of the next two said Kent Hussey, CEO of Spectrumk Brands, in a prepared statement. “We will emergse with a stronger balance sheet that will better position us to maintain and strengthen our current platform and to pursue opportunitiee to growour company.
” Spectrum Brandds and its U.S. subsidiariesz filed for Chapter 11 inthe U.S. Bankruptcg Court for the Western Districtof Texas, San Antonio Division on Feb. 3. It had $4.4 billion in Spectrum makes Rayovac batteries, Tetra pet Remington shaving and grooming and personalcare products, householr insecticides and lawn and garde n care products.