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Tupperware Announces Retirement of Outstanding 4.750% Senior Notes

Tupperware Announces Retirement of Outstanding 4.750% Senior Notes
Tupperware Announces Retirement of Outstanding 4.750% Senior Notes

June 24, 2020

Chris O'Leary

Tupperware Brands Corporation announced the expiration and final tender results of its previously announced offer of outstanding 4.750% Senior Notes.

The “First Offer” was to purchase for cash up to $175 million aggregate principal amount of its outstanding 4.750% Senior Notes due 2021 (the “Notes”) that were validly tendered (and not validly withdrawn) at or prior to 11:59 p.m., New York City time, on June 23, 2020 (the “First Offer Expiration Time”).

The company also announced the early tender results of its previously announced offer (the “Second Offer” and, together with the First Offer, the “Tender Offers”) to purchase for cash up to the Second Offer Maximum Tender Amount of Notes that were validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on June 23, 2020 (the “Second Offer Early Tender Time”). The Second Offer Maximum Tender Amount is $175 million aggregate principal amount of Notes less the aggregate principal amount of the Notes validly tendered (and not validly withdrawn) pursuant to the First Offer and accepted for purchase in the Second Offer.

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