← LIFETIME BRANDS, INC

CREDIT AGREEMENT

Signed Aug 17, 2026

Committed
$60m
Matures
Aug 2031
Agent
PLC Agent LLC
TrancheSizeMaturesMargin
Term Loans$60mAug 2031675–725 bps

Priced over Term SOFR (Term Loan B).

LevelConditionMarginUnused fee
Level Category 1Average Quarterly Availability ≥ 50% of the ABL Commitment675 bpsn/a
Level Category 2Average Quarterly Availability < 50% and ≥ 25% of the ABL Commitment700 bpsn/a
Level Category 3Average Quarterly Availability < 25% of the ABL Commitment725 bpsn/a

Lenders: Pathlight Capital Fund III LP, Pathlight Capital Evergreen Fund LP (T1), Pathlight Capital Fund IV LP, Pathlight Capital Evergreen Fund LP (T2)

Tested springingHeadroom not yet measured1.10x

Springing: Applies during any FCCR Test Period when ABL Availability is less than the greater of $12,500,000 and 10% of the ABL Line Cap until cured for 45 consecutive days.

During any FCCR Test Period, the Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any period of four fiscal quarters ending during such FCCR Test Period, to be less than 1.10 to 1.00.
Read the filing on sec.gov ↗
Tested monthlyHeadroom not yet measured30,000,000
The Borrowers will not permit Adjusted EBITDA, less the Specified Adjustment, measured as of the last day of each calendar month for the trailing twelve-month period then ended, to be less than $30,000,000 for any such period.
Read the filing on sec.gov ↗

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