HRG GROUP, INC. (NYSE:HRG) Files An 8-K Other EventsItem 8.01. Other Events.
HRG GROUP, INC. (NYSE:HRG) Files An 8-K Other Events
On May 16, 2017, Spectrum Brands, Inc. (“Spectrum Brands”), an indirect majority owned subsidiary of HRG Group, Inc. (“HRG”), entered into the fourth amendment (the “Fourth Amendment”) to the credit agreement, dated as of June 23, 2015 (the “Credit Agreement”), by and among Spectrum Brands, SB/RH Holdings, LLC, Deutsche Bank AG New York Branch (as the administrative agent) and the lenders party thereto from time to time.
The Fourth Amendment modified certain terms of the Credit Agreement, including increasing Spectrum Brands’ U.S. dollar-denominated term loans under the Credit Agreement from approximately $1.000 billion to approximately $1.250 billion in aggregate principal amount of indebtedness but otherwise maintaining the same existing terms.
Interested parties should read public filings and other announcements by Spectrum Brands Holdings, Inc., the indirect parent of Spectrum Brands and a majority owned subsidiary of HRG, for more information regarding the foregoing matters.
About HRG GROUP, INC. (NYSE:HRG)
HRG Group, Inc. is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc. (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd. (Front Street). Through Spectrum Brands, the Company is a diversified global branded consumer products company. The Company offers seven product categories: consumer batteries, small appliances, global pet supplies, home and garden control products, personal care products, hardware and home improvement products and global auto care. Through Front Street, the Company is engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities. The Company’s subsidiary, Fidelity & Guaranty Life (FGL), provides life insurance and annuity products. HRG GROUP, INC. (NYSE:HRG) Recent Trading Information
HRG GROUP, INC. (NYSE:HRG) closed its last trading session down -0.19 at 17.76 with 1,800,477 shares trading hands.
HRG Group, Inc. is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc. (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd. (Front Street). Through Spectrum Brands, the Company is a diversified global branded consumer products company. The Company offers seven product categories: consumer batteries, small appliances, global pet supplies, home and garden control products, personal care products, hardware and home improvement products and global auto care. Through Front Street, the Company is engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities. The Company’s subsidiary, Fidelity & Guaranty Life (FGL), provides life insurance and annuity products. HRG GROUP, INC. (NYSE:HRG) Recent Trading Information
HRG GROUP, INC. (NYSE:HRG) closed its last trading session down -0.19 at 17.76 with 1,800,477 shares trading hands.
