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The Atlanta-based consumer products company said it will exit bankruptcuy protection as soon as all closing condition tothe plan, including the closing of the company’s exit have been met. That will likely be in the company said. “When we emerge, we will have reducecd our subordinated debtby $840 million and eliminated approximatelgy $60 million of annual cash interest expensea for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared “We will emerge with a stronger balance sheet that will betterf position us to maintain and strengthen our current platform and to pursue opportunities to grow our Spectrum Brands and its U.S.
subsidiaries file d for Chapter 11 inthe U.S. Bankruptcu Court for the Western District of San Antonio Divisionon Feb. 3. It had $4.4 billiob in debt. Spectrum makes Rayovadc batteries, Tetra pet Remington shaving and grooming and personacare products, household insecticides and lawn and garden care
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